Overview
What is The Nussbaum Center For Entrepreneurship Inc?
The Nussbaum Center for Entrepreneurship Inc, situated in Greensboro, North Carolina, is a nonprofit organization dedicated to fostering economic growth and social welfare in the local area. Their primary mission is to support and assist emerging and startup enterprises by offering low-cost, furnished office and light manufacturing spaces. This nonprofit provides essential shared services such as a receptionist, consulting, and secretarial assistance. By aiding these new businesses in becoming successful entities, the center contributes to enhanced employment opportunities and other economic benefits within the Greater Greensboro area.
Official website here: www.nussbaumcfe.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
The Nussbaum Center For Entrepreneurship Inc has earned a solid 87% rating from Charity Navigator, indicating a good level of accountability and transparency. The organization demonstrates strong financial stability with an impressive program expense ratio of 83.11% and a low liabilities to assets ratio of 29.12%. Furthermore, the board is fully independent, which enhances governance and operational integrity.
While the organization scores well in various areas, there are notable limitations. The absence of a whistleblower policy and a document retention and destruction policy can be concerning, as these are essential for risk management and accountability. Although the charity lists its financial statements and board meeting minutes, the lack of certain policies may affect its overall governance profile.
Overall, The Nussbaum Center For Entrepreneurship Inc shows a commendable commitment to its mission and financial management, but improving its policies could strengthen its accountability and operational practices further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Nussbaum Center For Entrepreneurship Inc?
88% of 19 reviewers on Facebook recommend The Nussbaum Center for Entrepreneurship Inc. Here is a summary of their reviews:
Many reviewers express positive sentiments, noting that it appears to be a beneficial organization for those looking to enhance their entrepreneurial skills. Participants feel welcomed and appreciated, suggesting that the atmosphere fosters learning and growth.
Overall, there is a strong endorsement of the center as a valuable resource for aspiring entrepreneurs, indicating that it effectively meets the needs of its community members.
This AI summary has been generated from reviews found on Facebook.
Is The Nussbaum Center For Entrepreneurship Inc legitimate?
The Nussbaum Center For Entrepreneurship Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nussbaum Center For Entrepreneurship Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $104,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,268
For more financial information, click here
Official website here: www.nussbaumcfe.com
What is the mission statement of The Nussbaum Center For Entrepreneurship Inc?
The Nussbaum Center for Entrepreneurship Inc is dedicated to fostering economic development and improving social welfare, with a particular focus on supporting and aiding the growth and development of small businesses. The center operates an incubator facility, providing low-cost, furnished office and light manufacturing space to emerging and startup enterprises. In addition, they offer shared support services such as receptionist, consulting, and secretarial assistance. By assisting these new businesses in becoming successful entities, the center contributes to enhanced employment opportunities and other economic benefits in the surrounding area.
Official website here: www.nussbaumcfe.com
Who is the CEO of The Nussbaum Center For Entrepreneurship Inc?
Sam Funchess is the Board Chair of The Nussbaum Center For Entrepreneurship Inc. The CEO's salary of The Nussbaum Center For Entrepreneurship Inc is $24,627 and their total compensation is $24,627.
Official website here: www.nussbaumcfe.com
What is the revenue of The Nussbaum Center For Entrepreneurship Inc?
The Nussbaum Center For Entrepreneurship Inc's revenue in 2022 was $738,990.
Official website here: www.nussbaumcfe.com
Who are the executives of The Nussbaum Center For Entrepreneurship Inc and what are their salaries?
The average compensation at The Nussbaum Center For Entrepreneurship Inc during 2022 was $18,637. There are 9 employees at The Nussbaum Center For Entrepreneurship Inc.
Here are 16 key members and their salaries (The Nussbaum Center For Entrepreneurship Inc's CEO's salary is $24,627 and their total compensation is $24,627):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $24,627
- Related: $0
- Other: $0
- Compensation: $79,837
- Related: $0
- Other: $0
Official website here: www.nussbaumcfe.com
Where can I find the form 990 for The Nussbaum Center For Entrepreneurship Inc?
The Nussbaum Center For Entrepreneurship Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nussbaumcfe.com
Learn more at the official website: www.nussbaumcfe.com
Mission Statement of The Nussbaum Center For Entrepreneurship Inc
The Nussbaum Center for Entrepreneurship Inc is dedicated to fostering economic development and enhancing social welfare in its surrounding areas, with a particular focus on supporting and aiding the growth and development of small businesses. In pursuit of this mission, the center operates an incubator facility that provides low-cost, furnished office and light manufacturing space to emerging and start-up enterprises. This assistance is further extended through shared support services such as receptionist, consulting, and secretarial services. By helping these new businesses thrive and become successful entities, The Nussbaum Center for Entrepreneurship Inc contributes to increased employment opportunities and various economic benefits within the greater community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Nussbaum Center For Entrepreneurship Inc has made a significant impact on the economic development and social welfare of Greensboro and surrounding areas. By operating an incubator facility, the center supports non-retail emerging and start-up enterprises by providing low-cost, furnished office and light manufacturing space, along with shared support services such as receptionist, consulting, and secretarial services. Through this assistance, the center enables new businesses to thrive, leading to enhanced employment opportunities and other economic benefits for the Greater Greensboro area. This initiative contributes to community improvement by fostering the growth and development of small businesses and ultimately boosting the local economy.
This information is meant to be a general summary of The Nussbaum Center For Entrepreneurship Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,717
- Program Service Revenue: $627,135
- Gross Receipts: $740,831
Assets and Liabilities:
- Total Assets: $7,131,350
- Total Liabilities: $2,076,920
- Net Assets: $5,054,430
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$568,490
TELEPHONE & INTERNET F
Revenue
$57,520
EASE PROGRAM SERVICE F
Revenue
$1,125
Organization Details
Founding Year
1987
Phone
(336) 379-5001Principal Officer
Sam Funchess
Main Address
1451 S ELM-EUGENE STREET BOX 35, GREENSBORO, NC, 27406
Website
www.nussbaumcfe.comNTEE Category
Code: S43Z - Community improvement
If you are a representative of The Nussbaum Center For Entrepreneurship Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.