2024-11-15T08:43:45-06:00 2023-12-31 275360847 CROSSLIN PLLC 3803 BEDFORD AVENUE SUITE 201 NASHVILLE TN 37215 990 2023-01-01 271230916 THE NASHVILLE ENTREPRENEUR CENTER NASH 6158731257 41 PEABODY STREET NASHVILLE TN 37210 SAMUEL DAVIDSON CHIEF EXECUTIVE OFFICER 6152189110 2024-11-15 1 0 RODNEY C BROWER P00168898 6153205500 2024-11-14 2023 2024-10-15 13:58:12Z SAMUEL DAVIDSON 41 PEABODY STREET NASHVILLE TN 37210 5046570 0 X WWW.EC.CO X 2009 TN THE NASHVILLE ENTREPRENEUR CENTER EXISTS TO HELP MAKE NASHVILLE THE BEST PLACE TO START AND GROW A BUSINESS BY INCREASING THE LIKELIHOOD OF SUCCESS FOR ENTREPRENEURS. 28 28 21 200 0 0 2864821 3049539 297390 324236 21502 78333 91803 78497 3275516 3530605 0 0 0 0 1324493 1667941 0 0 317994 2152314 2235242 3476807 3903183 -201291 -372578 5335273 4909608 116503 63416 5218770 4846192 X THE NASHVILLE ENTREPRENEUR CENTER EXISTS TO HELP MAKE NASHVILLE THE BEST PLACE TO START AND GROW A BUSINESS BY INCREASING THE LIKELIHOOD OF SUCCESS FOR ENTREPRENEURS. 0 0 3193975 324236 FRONT DOOR TO ENTREPRENEURSHIP: THE NEC SERVES AS A GUIDE TO NASHVILLE'S ENTREPRENEURS BY CONNECTING THEM WITH THE RESOURCES NECESSARY TO SUPPORT THEIR BUSINESS ACROSS THE THE ENTREPRENEURAL ECOSYSTEM. IN ADDITION, THE NEC OFFERS DIRECT SUPPORT TO FOUNDERS THROUGH MEMBERSHIP, AN ADVISOR PROGRAM, AND IMMERSIVE EXPERIENCES TO SUPPORT GROWTH-MINDED ENTREPRENEURS AT ALL STAGES OF BUSINESS AND IN ANY INDUSTRY.ENTREPRENEURAL SUPPORT INCLUDES STRUCTURED EDUCATION AND MENTORSHIP, STAKEHOLDER (POTENTIAL CUSTOMERS, PARTNERS AND FOUNDERS) CONNECTIONS AND ENGAGEMENT, CO-WORKING SPACE, MEMBERSHIP, NETWORKING EVENTS, EDUCATIONAL WORKSHOPS, IMPRESSIVE INDUSTRY PROGRAMS (SUCH AS MUSIC AND HEALTHCARE), AND INDUSTRY AGNOSTIC PROGRAMS. 3193975 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 60 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 TN X X LARRY FELTS 6158731257 41 PEABODY STREET NASHVILLE TN 37210 BILL BROWN VOTING MEMBER 0.00 X 0 0 0 MICHAEL BURCHAM DR VOTING MEMBER 0.00 X X 0 0 0 BETH CHASE CHAIRMAN EMERITUS 0.00 X X 0 0 0 MARK DEUTSCHMANN VOTING MEMBER 0.00 X 0 0 0 JEFF DRUMMONDS VOTING MEMBER 0.00 X 0 0 0 BRIAN FOX VOTING MEMBER 0.00 X 0 0 0 MIGNON FRANCOIS VOTING MEMBER 0.00 X 0 0 0 BOBBY FRIST VICE CHAIR 0.00 X 0 0 0 MAX GOLDBERG VOTING MEMBER 0.00 X 0 0 0 JOHN INGRAM CHAIRMAN EMERITUS 0.00 X X 0 0 0 JESSA KELLEY VOTING MEMBER 0.00 X 0 0 0 STACEY GARRETT KOJU VOTING MEMBER 0.00 X 0 0 0 ANDY MOATS VOTING MEMBER 0.00 X 0 0 0 ROD MCDANIEL VOTING MEMBER 0.00 X 0 0 0 JANET MILLER BOARD CHAIR 0.00 X X 0 0 0 TURNER NASHE DR VOTING MEMBER 0.00 X 0 0 0 DAVID A OWENS VOTING MEMBER 0.00 X 0 0 0 LINDA REBROVICK GOVERNANCE CHAIR 0.00 X X 0 0 0 SHARON REYNOLDS DEVELOPMENT CHAIR 0.00 X X 0 0 0 COURTNEY ROSS VOTING MEMBER 0.00 X 0 0 0 STEVE SCHNUR VOTING MEMBER 0.00 X 0 0 0 SAURABH SINHA VOTING MEMBER 0.00 X 0 0 0 CLINT SMITH VOTING MEMBER 0.00 X 0 0 0 JORGE TITINGER VOTING MEMBER 0.00 X 0 0 0 KELLI TURNER VOTING MEMBER 0.00 X 0 0 0 DAMON WHITESIDE VOTING MEMBER 0.00 X 0 0 0 JOHN ZARLING VOTING MEMBER 0.00 X 0 0 0 JANE ALLEN CEO PARTIAL YEAR 40.00 X 96655 0 2746 SAMUEL DAVIDSON CEO PARTIAL YEAR 40.00 X 107327 0 2019 MIRA HANNA VP OF OPERATIONS PARTIAL YEAR 40.00 X 66441 0 2826 DONNA MATTICK CHIEF STRATEGIC ALLIANCE OFFICER 40.00 X 160120 0 8567 ANTHONY RAGLAND SVP OF CONNECTIONS PARTIAL YEAR 40.00 X 152074 0 5070 ANGELA MAY SVP MARKETING & COMMUNICATIONS 40.00 X 133581 0 5370 DAKOTA SIMPSON VP OF PROGRAMS PARTIAL YEAR 40.00 X 21582 0 845 REBEKAH CARROLL FORMER SVP STRATEGY & OPS 40.00 X 69352 0 2672 807132 0 30115 4 0 1 0 4FOCUS LLC 41 PEABODY ST NASHVILLE TN 37210 ACCOUNTING AND ADVISORY SERVICES 108000 ALLEE ADVISORY SERVICES 4406B LEALAND LN NASHVILLE TN 37204 BUSINESS ADVISORY SERVICES 105899 2 391438 964660 1693441 2422 3049539 PROGRAM INCOME 541900 324236 324236 324236 31760 31760 78497 0 78497 78497 78497 1562538 1515965 46573 46573 46573 3530605 324236 0 156830 807183 616085 156020 35078 680100 519088 131456 29556 78992 59612 15802 3578 101666 76527 20519 4620 137241 115272 10305 11664 119188 82589 8054 28545 224684 181096 20446 23142 113716 91655 10348 11713 PROGRAM EXPENSES 677704 677704 0 0 MARKETING EXPENSES 265627 236622 10387 18618 BAD DEBT EXPENSE 261682 133432 128250 NEXT AWARDS 253554 253554 0 0 181846 150739 7877 23230 3903183 3193975 391214 317994 495728 1075134 621533 60718 16749 57489 4450867 1790080 2849504 2660787 1351156 1055480 603 5335273 4909608 116503 57116 6300 116503 63416 X 4466770 3945374 752000 900818 5218770 4846192 5335273 4909608 -372578 0 X 0 1 X 1 0 X 1943604 2458704 2576558 2864821 3049539 12893226 1943604 2458704 2576558 2864821 3049539 12893226 12893226 36655 63319 79446 96255 78497 354172 13247398 2548401 0.97330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 517669 60258 577927 586549 -68880 517669 443532 100000 43017 586549 304951 100000 38581 443532 200000 100000 4951 304951 0.13484 0.86516 0 0 3515499 895966 2619533 908368 867114 41254 27000 27000 0 2660787 MUTUAL FUNDS 173769 F EXCHANGE TRADED FUNDS 203576 F U. S. TREASURY BONDS 476550 F CASH & CASH EQUIVALENTS 82193 F CERTIFICATES OF DEPOSIT 119392 F 1055480 X 3570105 39500 39500 3530605 0 3530605 3942683 39500 39500 3903183 0 3903183 PART X, LINE 2: NASHVILLE ENTREPRENEUR CENTER IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); ACCORDINGLY, NO PROVISION FOR TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. NEC ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAT NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR NEC INCLUED, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, NEC HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. X 0 0 0 0 0 0 0 0 0 DONNA MATTICK CHIEF STRATEGIC ALLIANCE OFFICER 160120 0 0 0 0 0 0 0 8567 0 168687 0 0 0 ANTHONY RAGLAND SVP OF CONNECTIONS PARTIAL YEAR 152074 0 0 0 0 0 0 0 5070 0 157144 0 0 0 PART I, LINE 3 COMPENSATION OF THE CEO IS SUBJECT TO APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. JEFF DRUMMONDS BOARD MEMBER 15350 TAX & ACCOUNTING 0 JEFF DRUMMONDS BOARD MEMBER 18023 HR/PAYROLL SERVICES 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JEFF DRUMMONDS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATIONS: PRINCIPAL AT LBMC/NEC BOARD MEMBER(D) DESCRIPTION OF TRANSACTIONS: TAX SERVICES(A) NAME OF PERSON: JEFF DRUMMONDS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATIONS: PRINCIPAL AT LBMC/NEC BOARD MEMBER(D) DESCRIPTION OF TRANSACTIONS: HR/PAYROLL SERVICES FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED INTERNALLY BY MEMBERS OF MANAGEMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. IN ADDITION, WE HAVE PROVIDED A FULL COPY OF THE 990 TO THE BOARD OF DIRECTORS PRIOR TO FINALIZING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, EMPLOYEES AND OTHER INDIVIDUALS ARE ASKED TO DISCLOSE POTENTIAL CONFLICTS WHICH ARE REVIEWED AND ANY ACTION IS TAKEN AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS AS AVAILABLE VIA PAYSCALE.COM TO DETERMINE THE COMPENSATION OF ITS OFFICERS, DIRECTORS, AND EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE TAX RELATED INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST.