Nonprofit · EIN 56-1577495
NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC
Tax-exempt · GREENSBORO, NC 27406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,511,661 | $1,305,237 | $206,424 | $11,589,176 | $1,239,105 | $10,350,071 |
| December 31, 2024 | 990 | $7,416,594 | $1,253,718 | $6,162,876 | $12,658,905 | $2,963,040 | $9,695,865 |
| December 31, 2023 | 990 | $1,232,525 | $1,127,585 | $104,940 | $8,035,969 | $2,877,239 | $5,158,730 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $719,923
- of which government grants
- $20,000
- Program service revenue
- $694,828
- Investment income
- $95,898
- Other revenue
- $1,012
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $256,472
- Other salaries and wages
- $94,630
- Salaries, compensation and benefits (total)
- $409,929
- Professional fundraising fees
- $0
- Legal fees
- $22,863
- Accounting fees
- $33,300
- Occupancy
- $522,410
- Travel
- $4,406
- Depreciation
- $148,194
- Program services (functional)
- $1,142,067
- Management and general (functional)
- $114,098
- Fundraising (functional)
- $49,072
Balance sheet and other
- Total assets, start of year
- $12,658,905
- Total assets, end of year
- $11,589,176
- Total liabilities, end of year
- $1,239,105
- Net assets, end of year
- $10,350,071
- Land, buildings and equipment
- $4,053,945
- Net assets without donor restrictions
- $10,283,044
- Net assets with donor restrictions
- $67,027
- Gross receipts
- $1,511,661
- Employees
- 6
- Volunteers
- 0
- Year formed
- 1987
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM FUNCHESS | CHIEF EXECUTIVE OFFICER Officer | 40 | $151,486 |
| LISA HAZLETT | PRESIDENT Officer | 40 | $104,986 |
| BARRY FRANK | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| GEORGE LOTHIAN | BOARD VICE CHAIR Trustee or director, Officer | 5 | $0 |
| ZAC ENGLE | TREASURER Trustee or director, Officer | 5 | $0 |
| ANDREA BUNN | SECRETARY Trustee or director, Officer | 5 | $0 |
| JOHN BENJAMIN BROWN | DIRECTOR Trustee or director | 2 | $0 |
| CHARLIE MELVIN JR | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES YOUNCE | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT LEIGHTY | DIRECTOR Trustee or director | 2 | $0 |
| JOHNNY WOOD | DIRECTOR Trustee or director | 2 | $0 |
| RODNEY ROBERTS | DIRECTOR Trustee or director | 2 | $0 |
| MARCUS THOMAS | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN COOKE | DIRECTOR Trustee or director | 2 | $0 |
| ODELL CLEVELAND | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM FUNCHESS | CHIEF EXECUTIVE OFFICER Officer | 40 | $145,702 |
| LISA HAZLETT | PRESIDENT Officer | 40 | $97,543 |
| BARRY FRANK | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| GEORGE LOTHIAN | BOARD VICE CHAIR Trustee or director, Officer | 5 | $0 |
| ZAC ENGLE | TREASURER Trustee or director, Officer | 5 | $0 |
| ANDREA BUNN | SECRETARY Trustee or director, Officer | 5 | $0 |
| JOHN BENJAMIN BROWN | DIRECTOR Trustee or director | 2 | $0 |
| CHARLIE MELVIN JR | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES YOUNCE | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT LEIGHTY | DIRECTOR Trustee or director | 2 | $0 |
| WILSON LESTER | DIRECTOR Trustee or director | 2 | $0 |
| JOHNNY WOOD | DIRECTOR Trustee or director | 2 | $0 |
| ANDY SCOTT | DIRECTOR Trustee or director | 2 | $0 |
| RODNEY ROBERTS | DIRECTOR Trustee or director | 2 | $0 |
| MARCUS THOMAS | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN COOKE | DIRECTOR Trustee or director | 2 | $0 |
| ODELL CLEVELAND | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA HAZLETT | PRESIDENT Officer | 40 | $104,606 |
| SAM FUNCHESS | CHIEF EXECUTIVE OFFICER Officer | 40 | $24,613 |
| BARRY FRANK | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| GEORGE LOTHIAN | BOARD VICE CHAIR Trustee or director, Officer | 5 | $0 |
| ZAC ENGLE | TREASURER Trustee or director, Officer | 5 | $0 |
| ANDREA BUNN | SECRETARY Trustee or director, Officer | 5 | $0 |
| JOHN BENJAMIN BROWN | DIRECTOR Trustee or director | 2 | $0 |
| CHARLIE MELVIN JR | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES YOUNCE | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT LEIGHTY | DIRECTOR Trustee or director | 2 | $0 |
| WILSON LESTER | DIRECTOR Trustee or director | 2 | $0 |
| JOHNNY WOOD | DIRECTOR Trustee or director | 2 | $0 |
| ANDY SCOTT | DIRECTOR Trustee or director | 2 | $0 |
| RODNEY ROBERTS | DIRECTOR Trustee or director | 2 | $0 |
| MARCUS THOMAS | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1451 S ELM EUGENE ST UNIT 35, GREENSBORO, NC 27406-2454
- In care of
- % SAM FUNCHESS
- Principal officer (990 for 2025)
- SAM FUNCHESS, 1451 S ELM-EUGENE ST, BOX GREENSBORO, NC 27406
- Signed the 990
- SAM FUNCHESS, CHIEF EXECUTIVE OFFICER
- Phone
- (336) 379-5001
- Website
- HTTPS://NUSSBAUMCFE.COM
- Return prepared by
- LEEPER KEAN AND RUMLEY LLP
Mission
FURTHER ECONOMIC DEVELOPMENT AND SOCIAL WELFARE IN GREENSBORO AND SURROUNDING AREAS WITH EMPHASIS ON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES.
Program accomplishments
- OPERATES 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.Expenses $1,142,067 · revenue $695,840
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1577495
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
- Assets (IRS master file)
- $11,589,176
- Income (IRS master file)
- $1,511,661
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,511,661 | $1,305,237 | $11,589,176 | XML |
| 990 | December 2024 | $7,416,594 | $1,253,718 | $12,658,905 | XML |
| 990 | December 2023 | $1,232,525 | $1,127,585 | $8,035,969 | XML |
| 990 | December 2022 | $738,990 | $862,456 | $7,131,350 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1577495).
Questions about NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC
- What is the EIN of NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC?
- The employer identification number (EIN) of NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC is 56-1577495.
- Is NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC?
- The 990 for the year ended December 31, 2025 names SAM FUNCHESS.
- Who are the officers and directors of NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 2 received compensation from the organization, the highest $151,486 (SAM FUNCHESS, CHIEF EXECUTIVE OFFICER).
- How much revenue does NUSSBAUM CENTER FOR ENTREPRENEURSHIP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,511,661, expenses of $1,305,237 and total assets of $11,589,176 at year end.
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