The Nashville Entrepreneur Center
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$3,398,000.00
Projected Expenses
$3,398,000.00
Organizational Budgets and Other Documents
| NEC Budget | 2023 |
| NEC Budget | 2022 |
| NEC 2021 Budget | 2021 |
| NEC 2020 Budget | 2020 |
| NEC 2019 Budget | 2019 |
| NEC 2018 Budget | 2018 |
| NEC 2017 Budget | 2017 |
| 2016 Budget | 2016 |
IRS Letter of Exemption
| The Nashville Entrepreneur Center IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $3,275,516.00 | $3,220,772.00 | $3,019,290.00 |
| Total Expenses | $3,476,807.00 | $2,966,093.00 | $2,443,944.00 |
| Revenue Less Expenses | ($201,291.00) | $254,679.00 | $575,346.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $920,296.00 | $495,735.00 | $920,000.00 |
| Contributions, Gifts, and Grants | $1,606,584.00 | $1,770,715.00 | $1,261,573.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $372,143.00 | $359,471.00 | $330,352.00 |
| Investment Income, Net of Losses | $21,502.00 | $34,350.00 | $43,825.00 |
| Membership Dues | $337,941.00 | $310,108.00 | $277,131.00 |
| Special Events | $0.00 | $0.00 | $-19,624.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $17,050.00 | $250,393.00 | $206,033.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $2,926,598.00 | $2,386,456.00 | $1,906,823.00 |
| Administration Expense | $179,264.00 | $177,083.00 | $166,322.00 |
| Fundraising Expense | $370,945.00 | $402,554.00 | $370,799.00 |
| Total Revenue/Total Expenses | 94% | 109% | 124% |
| Program Expense/Total Expenses | 84% | 80% | 78% |
| Fundraising Expense/Contributed Revenue | 11% | 14% | 15% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,606,584.00 | Contributions, Gifts, Grants $1,770,715.00 | Contributions, Gifts, and Grants $1,261,573.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $920,296.00 | Government Grants $495,735.00 | Government Grants $920,000.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $372,143.00 | Program Revenue $359,471.00 | Program Revenue $330,352.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $5,335,273.00 | $5,510,497.00 | $5,458,467.00 |
| Current Assets | $1,134,010.00 | $2,031,524.00 | $2,004,559.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $116,503.00 | $90,436.00 | $293,085.00 |
| Total Net Assets | $5,218,770.00 | $5,420,061.00 | $5,165,382.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$550,000.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| NEC 990 | 2022 |
| NEC 990 | 2021 |
| NEC 2020 990 | 2020 |
| NEC 2019 990 | 2019 |
| NEC 2018 990 | 2018 |
| NEC 2017 990 | 2017 |
| NEC 2016 990 | 2016 |
| Form 990 | 2015 |
| Form 990 | 2014 |
| Form 990 | 2013 |
| Form 990 | 2012 |
| Form 990 | 2011 |
| Nashville Entrepreneur Center 2010 990 | 2010 |
Audit Documents
Foundation Staff Comments
| Financial data taken from 990. 990 prepared by LBMC, PC. Foundation and corporate contributions may be included in Contributions, Gifts, and Grants sum, as amounts are not separated in 990. Comments provided by Hayley Sulfridge 9/20/23. |
