Nashville Entrepreneur Center
- Assets
- $5.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Nashville, TN
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-1230916
Organization Overview
Nashville Entrepreneur Center is located in Nashville, TN. The organization was established in 2010. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nashville Entrepreneur Center employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Entrepreneur Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nashville Entrepreneur Center generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT ENTREPRENEURS WITH THE CRITICAL RESOURCES TO CREATE, LAUNCH AND GROW BUSINESSES. THE EC IS DEDICATED TO MAKING NASHVILLE THE BEST PLACE IN AMERICA TO START A BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
- FRONT DOOR TO ENTREPRENEURSHIP: IN ADDITION TO SERVING AS A GUIDE THROUGH NASHVILLE'S ENTREPRENEUR RESOURCES ECOSYSTEM THE NEC DIRECTLY OFFERS DIRECT SUPPORT THROUGH MEMBERSHIP AND ADVISOR PROGRAMS AND IMMERSIVE EXPERIENCES TO SUPPORT GROWTH-MINDED ENTREPRENEURS AT ALL STAGES OF BUSINESS AND IN ANY INDUSTRY.-ENTREPRENEUR SUPPORT: STRUCTURED EDUCATION AND MENTORSHIP, STAKEHOLDER (POTENTIAL CUSTOMERS, PARTNERS, AND FUNDERS) CONNECTIONS AND ENGAGEMENT, COLLABORATIVE WORKSPACE, MEMBERSHIP, NETWORKING EVENTS, IMMERSIVE INDUSTRY PROGRAMS (MUSIC AND HEALTHCARE), AND INDUSTRY AGNOSTIC PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane H Allen Ceo/president | OfficerTrustee | 40 | $250,000 |
John E Murdock Coo/chief Product Officer | Officer | 40 | $198,000 |
Donna Mattick Chief Strategic Alliance Officer | 40 | $175,425 | |
Angela May VP Of Marketing Communications | Officer | 40 | $93,122 |
Whitney Plummer VP Eic | Officer | 40 | $89,633 |
Beth Chase Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $310,108 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $495,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,770,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,576,558 |
| Total Program Service Revenue | $315,007 |
| Investment income | $34,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,096 |
| Net Gain/Loss on Asset Sales | -$632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,220,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $806,180 |
| Compensation of current officers, directors, key employees. | $40,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,533 |
| Pension plan accruals and contributions | $14,424 |
| Other employee benefits | $52,071 |
| Payroll taxes | $88,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,880 |
| Advertising and promotion | $207,527 |
| Office expenses | $88,135 |
| Information technology | $55,860 |
| Royalties | $0 |
| Occupancy | $228,005 |
| Travel | $774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,572 |
| Insurance | $14,303 |
| All other expenses | $0 |
| Total functional expenses | $2,966,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,712,602 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,951 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,971 |
| Net Land, buildings, and equipment | $2,891,821 |
| Investments—publicly traded securities | $586,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $603 |
| Other assets | $0 |
| Total assets | $5,510,497 |
| Accounts payable and accrued expenses | $90,436 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $90,436 |
| Net assets without donor restrictions | $4,434,543 |
| Net assets with donor restrictions | $985,518 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,510,497 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nashville Entrepreneur Center has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Milton And Denice Johnson Family Foundation Nashville, TN PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $443,532 |
| Earnings | $43,017 |
| Net Contributions | $100,000 |
| Ending Balance | $586,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
People Incorporated Of Virginia Abingdon, VA | $22,478,644 | $16,537,740 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Southern States Millwright Regional Council-Ubcja Russellville, AR | $38,325,316 | $11,623,005 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Fairhope Single Tax Corporation Fairhope, AL | $9,781,910 | $8,332,566 |
Reinvestment Partners Durham, NC | $12,338,640 | $8,350,193 |
Star C Corporation Marietta, GA | $534,124 | $5,554,127 |
Sandhills Community Action Program Inc Southern Pines, NC | $2,226,446 | $4,141,015 |
Urban Ministries Of Durham Inc Durham, NC | $4,630,944 | $4,348,989 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Basic Acrylic Monomer Manufacturers Inc Williamsburg, VA | $5,992,927 | $2,980,426 |