Nashville Business Incubation Center

Growth Enterprises Of Nashville Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621274582 ✦ Nashville, TN ✦ Designated as a 501(c)(3)

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Overview

What is Nashville Business Incubation Center?

The Nashville Business Incubation Center, known as Growth Enterprises of Nashville Inc, is a small business incubator located in Nashville, Tennessee. Established to foster the growth and development of small and microenterprise businesses, they offer one-on-one technical assistance and below-market-rate office space. During the fiscal year, they were able to support an additional 65 businesses through these services. The center's mission extends beyond providing workspace, offering training programs to aid in the overall success of these businesses, thereby contributing to the local economy.


Official website here: www.nbiconline.com

What do the Facebook reviews say about Nashville Business Incubation Center?

100% of 15 reviewers on Facebook recommend the Nashville Business Incubation Center. The overwhelming sentiment reflects a strong appreciation for the organization's impact on entrepreneurs. Many individuals express that the center provides essential support, resources, and a nurturing environment that fosters growth and development for new businesses.

Commenters frequently highlight the invaluable mentoring and networking opportunities available, which they believe significantly contribute to their success. The positive experiences shared indicate that the center truly commits to empowering budding entrepreneurs and helping them navigate the challenges of starting and running a business.

Overall, the Nashville Business Incubation Center has garnered an excellent reputation among its users, demonstrating a clear dedication to fulfilling its mission and making a difference in the local entrepreneurial community.


This AI summary has been generated from reviews found on Facebook.

Is Nashville Business Incubation Center legitimate?

Nashville Business Incubation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nashville Business Incubation Center 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: $157,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,285

For more financial information, click here


Official website here: www.nbiconline.com

What is the mission statement of Nashville Business Incubation Center?

The Nashville Business Incubation Center serves as a small business incubator, providing below-market rate office space and various training and support services to assist in the growth and development of small and microenterprise businesses. The center's mission is to aid in the expansion of these businesses, offering one-on-one technical assistance to an additional 65 clients during the fiscal year. By doing so, the center aims to contribute to the overall development and growth of these enterprises.


Official website here: www.nbiconline.com

Who is the CEO of Nashville Business Incubation Center?

Matt Perkins is the Chairman of Nashville Business Incubation Center.


Official website here: www.nbiconline.com

What is the revenue of Nashville Business Incubation Center?

Nashville Business Incubation Center's revenue in 2022 was $1,670,908.


Official website here: www.nbiconline.com

Who are the executives of Nashville Business Incubation Center and what are their salaries?

The average compensation at Nashville Business Incubation Center during 2022 was $34,459. There are 6 employees and 45 volunteers at Nashville Business Incubation Center.


Here are 16 key members and their salaries:


Matt Perkins (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlotte Peacock (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Crane Jones (Secretary)
  • Compensation: $184,103
  • Related: $0
  • Other: $9,000
Jj Rosen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jarrett Strickland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Mcmullan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emanuel Reed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda R Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chasity Farver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cherelle Cortez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Conner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica M Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Mason (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Byrd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nbiconline.com

Where can I find the form 990 for Nashville Business Incubation Center?

Nashville Business Incubation Center's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nbiconline.com

Learn more at the official website: www.nbiconline.com

Mission Statement of Nashville Business Incubation Center

Nashville Business Incubation Center is a small business incubator dedicated to fostering the growth and development of small and microenterprise businesses. Their mission is to provide below-market rate office space and various training and support services to assist these businesses in their growth and expansion. The center has demonstrated its commitment to this mission by serving an additional 65 clients with one-on-one technical assistance during the fiscal year. The incubator plays a crucial role in nurturing these businesses, offering them the resources they need to thrive and contribute positively to the economy.

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Impact




October, 2024

The Nashville Business Incubation Center significantly impacts the local economy by fostering the growth and development of small and microenterprise businesses. By offering below-market rate office space and essential training, the center supports entrepreneurs in navigating the challenges of starting and scaling their businesses.

In the past fiscal year, the center has extended its reach by providing one-on-one technical assistance to an additional 65 clients, equipping them with the necessary tools and guidance to thrive in competitive markets. This hands-on approach not only enhances individual business prospects but also strengthens the overall community by encouraging innovation and job creation.

Through its comprehensive support services, the Nashville Business Incubation Center plays a crucial role in community improvement, empowering local entrepreneurs to achieve their goals and contribute to the city's economic vitality.




This information is meant to be a general summary of Nashville Business Incubation Center. 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.

Revenue
$1,670,908 (2022)
Expenses
$635,862 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9
  • Program Service Revenue: $667
  • Gross Receipts: $1,685,160

Assets and Liabilities:

  • Total Assets: $1,802,518
  • Total Liabilities: $503,576
  • Net Assets: $1,298,942

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONSULTING FEES

Revenue

$667

Organization Details

Founding Year

1987

Principal Officer

Matt Perkins

Main Address

PO BOX 280567, NASHVILLE, TN, 37228

NTEE Category

Code: S43 - Community improvement

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