NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC (EIN 56-1577495)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-08-03
IRS object ID
202602159349300905
Schema version
2025v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-08-03T15:18:35-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561333355PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEEPER KEAN AND RUMLEY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13623 N ELM ST STE 100AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27455ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN561577495EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE NUSSBAUM CENTER FOR ENTREPRENEURSHIPBusinessNameLine1Txt
Business Name Line2INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNUSSBusinessNameControlTxt
Phone3363795001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11451 S ELM-EUGENE STREET BOX 35AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27406ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAM FUNCHESSPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone3363795001PhoneNum
Signature2026-08-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARTIN W DURRENCEPreparerPersonNm
PTINP01226384PTIN
Phone3362743700PhoneNum
Preparation2026-08-03PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSAM FUNCHESSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11451 S ELM-EUGENE STAddressLine1Txt
CityBOX GREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27406ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,511,661GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://NUSSBAUMCFE.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1987FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionFURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,667,942PYContributionsGrantsAmt
CY Contributions Grants$719,923CYContributionsGrantsAmt
PY Program Service Revenue$643,283PYProgramServiceRevenueAmt
CY Program Service Revenue$694,828CYProgramServiceRevenueAmt
PY Investment Income$105,369PYInvestmentIncomeAmt
CY Investment Income$95,898CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$1,012CYOtherRevenueAmt
PY Total Revenue$7,416,594PYTotalRevenueAmt
CY Total Revenue$1,511,661CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$358,462PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$409,929CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$49,072CYTotalFundraisingExpenseAmt
PY Other Expenses$895,256PYOtherExpensesAmt
CY Other Expenses$895,308CYOtherExpensesAmt
PY Total Expenses$1,253,718PYTotalExpensesAmt
CY Total Expenses$1,305,237CYTotalExpensesAmt
PY Revenues Less Expenses$6,162,876PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$206,424CYRevenuesLessExpensesAmt
Total Assets BOY$12,658,905TotalAssetsBOYAmt
Total Assets EOY$11,589,176TotalAssetsEOYAmt
Total Liabilities BOY$2,963,040TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,239,105TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,695,865NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$10,350,071NetAssetsOrFundBalancesEOYAmt
MissionFURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,142,067ExpenseAmt
Revenue$695,840RevenueAmt
DescOPERATES AN INCUBATOR FACILITY TO ASSIST NON-RETAIL EMERGING AND START-UP ENTERPRISES BY PROVIDING LOW COST, FURNISHED OFFICE AND LIGHT MANUFACTURING SPACE ALONG WITH SHARED SUPPORT SERVICES INCLUDING RECEPTIONIST, CONSULTING, AND SECRETARIAL SERVICES. BY ASSISTING THESE NEW BUSINESSES IN BECOMING SUCCESSFUL ENTITIES, THE CENTER OFFERS ENHANCED EMPLOYMENT OPPORTUNITES AND OTHER ECONOMIC BENEFITS TO THE GREATER GREENSBORO AREA.Desc
Total Program Service Expenses$1,142,067TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee6EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSAM FUNCHESSPersonNm
Phone3363795001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11451 S ELM-EUGENE STREET BOX 35AddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27406ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BARRY FRANK
BOARD CHAIR5.001.00Yes (X)Yes (X)$0$0$0
GEORGE LOTHIAN
BOARD VICE CHAIR5.00Yes (X)Yes (X)$0$0$0
ZAC ENGLE
TREASURER5.001.00Yes (X)Yes (X)$0$0$0
ANDREA BUNN
SECRETARY5.001.00Yes (X)Yes (X)$0$0$0
JOHN BENJAMIN BROWN
DIRECTOR2.00Yes (X)$0$0$0
CHARLIE MELVIN JR
DIRECTOR2.00Yes (X)$0$0$0
CHARLES YOUNCE
DIRECTOR2.00Yes (X)$0$0$0
SCOTT LEIGHTY
DIRECTOR2.00Yes (X)$0$0$0
JOHNNY WOOD
DIRECTOR2.00Yes (X)$0$0$0
RODNEY ROBERTS
DIRECTOR2.00Yes (X)$0$0$0
MARCUS THOMAS
DIRECTOR2.00Yes (X)$0$0$0
KEVIN COOKE
DIRECTOR2.00Yes (X)$0$0$0
ODELL CLEVELAND
DIRECTOR2.00Yes (X)$0$0$0
SAM FUNCHESS
CHIEF EXECUTIVE OFFICER40.005.00Yes (X)$151,486$0$0
LISA HAZLETT
PRESIDENT40.005.00Yes (X)$104,986$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$256,472TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$20,000GovernmentGrantsAmt
All Other Contributions$699,923AllOtherContributionsAmt
Total Contributions$719,923TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PROGRAM SERVICE FEES900099$641,913$641,913
TELEPHONE & INTERNET F900099$52,915$52,915
FieldValueIRS element (for citing)
Total Program Service Revenue$694,828TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$95,898TotalRevenueColumnAmt
Exclusion$95,898ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REIMBURSEMENTSDesc
Business900099BusinessCd
Total Revenue Column$1,012TotalRevenueColumnAmt
Related Or Exempt Func Income$1,012RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,012OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,511,661TotalRevenueColumnAmt
Related Or Exempt Func Income$695,840RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$95,898ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$256,472TotalAmt
Program Services$153,883ProgramServicesAmt
Management And General$63,519ManagementAndGeneralAmt
Fundraising$39,070FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$94,630TotalAmt
Program Services$86,822ProgramServicesAmt
Management And General$7,118ManagementAndGeneralAmt
Fundraising$690FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$32,539TotalAmt
Program Services$22,309ProgramServicesAmt
Management And General$6,546ManagementAndGeneralAmt
Fundraising$3,684FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$26,288TotalAmt
Program Services$18,022ProgramServicesAmt
Management And General$5,289ManagementAndGeneralAmt
Fundraising$2,977FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$22,863TotalAmt
Program Services$22,863ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,300TotalAmt
Program Services$33,300ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$48,000TotalAmt
Program Services$48,000ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$45,501TotalAmt
Program Services$44,323ProgramServicesAmt
Management And General$754ManagementAndGeneralAmt
Fundraising$424FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$20,333TotalAmt
Program Services$20,333ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$33,348TotalAmt
Program Services$32,552ProgramServicesAmt
Management And General$796ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$522,410TotalAmt
Program Services$498,762ProgramServicesAmt
Management And General$22,751ManagementAndGeneralAmt
Fundraising$897FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,406TotalAmt
Program Services$3,966ProgramServicesAmt
Management And General$220ManagementAndGeneralAmt
Fundraising$220FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$11,135TotalAmt
Program Services$10,247ProgramServicesAmt
Management And General$444ManagementAndGeneralAmt
Fundraising$444FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,818TotalAmt
Program Services$5,818ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$148,194TotalAmt
Program Services$140,867ProgramServicesAmt
Management And General$6,661ManagementAndGeneralAmt
Fundraising$666FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,305,237TotalAmt
Program Services$1,142,067ProgramServicesAmt
Management And General$114,098ManagementAndGeneralAmt
Fundraising$49,072FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$593,087BOYAmt
EOY$430,347EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$999,718BOYAmt
EOY$4,801EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$6,312,000BOYAmt
EOY$6,312,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$20,345BOYAmt
EOY$25,745EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,515,865LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,461,920LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,194,485BOYAmt
EOY$4,053,945EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$9,942BOYAmt
EOY$9,942EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$529,328BOYAmt
EOY$752,396EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,658,905BOYAmt
EOY$11,589,176EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,524,700BOYAmt
EOY$160,755EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$118,342BOYAmt
EOY$115,413EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,319,998BOYAmt
EOY$962,937EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,963,040BOYAmt
EOY$1,239,105EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,328,717BOYAmt
EOY$10,283,044EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$367,148BOYAmt
EOY$67,027EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,695,865BOYAmt
EOY$10,350,071EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,658,905BOYAmt
EOY$11,589,176EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$206,424ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$447,782OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$506,907CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$113,572CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$511,566CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,667,942CurrentTaxYearMinus1YearAmt
Current Tax Year$719,923CurrentTaxYearAmt
Total$8,519,910TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$617,476CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$627,135CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$611,589CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$643,283CurrentTaxYearMinus1YearAmt
Current Tax Year$695,840CurrentTaxYearAmt
Total$3,195,323TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,124,383CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$740,707CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,123,155CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,311,225CurrentTaxYearMinus1YearAmt
Current Tax Year$1,415,763CurrentTaxYearAmt
Total$11,715,233TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$11,715,233PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$83,279CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$105,369CurrentTaxYearMinus1YearAmt
Current Tax Year$95,898CurrentTaxYearAmt
Total$284,547TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$83,279CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$105,369CurrentTaxYearMinus1YearAmt
Current Tax Year$95,898CurrentTaxYearAmt
Total$284,547TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,124,383CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$740,708CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,206,434CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,416,594CurrentTaxYearMinus1YearAmt
Current Tax Year$1,511,661CurrentTaxYearAmt
Total$11,999,780TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.97630PublicSupportCY509Pct
Public Support PY5090.98330PublicSupportPY509Pct
Investment Income CY0.02370InvestmentIncomeCYPct
Investment Income PY0.01670InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$48,000DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$48,000TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationLOBBIED MEMBERS AND STAFF OF THE NC GENERAL ASSEMBLY FOR REGULATORY REFORM TO HELP OPEN FACILITY AND GRANT/STATE FUNDING.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$799,462OtherCostOrOtherBasisAmt
Book Value$799,462BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,785,709OtherCostOrOtherBasisAmt
Depreciation$934,516DepreciationAmt
Book Value$2,851,193BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$336,535OtherCostOrOtherBasisAmt
Depreciation$71,331DepreciationAmt
Book Value$265,204BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$594,159OtherCostOrOtherBasisAmt
Depreciation$456,073DepreciationAmt
Book Value$138,086BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,053,945TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
OPERATING LEASE$452,006
CONSTRUCTION IN PROCESS$300,390
FieldValueIRS element (for citing)
Total Book Value Other Assets$752,396TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CENTER AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE CENTER HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CENTER IS NOT CURRENTLY UNDER EXAMINATION FOR ANY TAX PERIODS. GENERALLY, THE CENTER'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR UP TO THREE YEARS AFTER THEY ARE FILED.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSAM FUNCHESSPersonNm
TitleCHIEF EXECUTIVE OFFICERTitleTxt
Base Compensation Filing Org$151,486BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$151,486TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE CEO, SAM FUNCHESS, REVIEWS THE FORM 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CEO, SAM FUNCHESS, MONITORS THE POLICY AND ANY CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE CEO AND PRESIDENT.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:BAD DEBT & UNCOLLECTIBLE FUNDS WRITTEN OFF DURING THE CURRENT YEAR -3,180. FINANCIAL STATEMENT CONSOLIDATED REPORTING ADJUSTMENTS 450,962.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1NUSSBAUM CENTER PROPERTIES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11451 SOUTH ELM EUGENE STREETAddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27406ZIPCd
FieldValueIRS element (for citing)
EIN561577495EIN
Primary ActivitiesINCUBATORPrimaryActivitiesTxt
Legal Domicile StateNCLegalDomicileStateCd
End Of Year Assets$1,533,715EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NCFE INCBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1STEELHOUSE TITLE HOLDING CORPORATION IBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11451 SOUTH ELM EUGENE STREETAddressLine1Txt
CityGREENSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27406ZIPCd
FieldValueIRS element (for citing)
EIN993624438EIN
Primary ActivitiesHOLDING TITLE TO PROPERTY AND COLLECTING AND REMITTING INCOME LESS EXPENSESPrimaryActivitiesTxt
Legal Domicile StateNCLegalDomicileStateCd
Exempt Code Section501(C)(2)ExemptCodeSectionTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1THE NUSSBAUM CENTER FOR ENTREPRENSURSHIP INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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