Junction Business Services Inc
- Assets
- $742.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-0657393
Organization Overview
Junction Business Services Inc, operating under the name Nxtclt, is located in Charlotte, NC. According to its NTEE Classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nxtclt is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Nxtclt has awarded 13 individual grants totaling $195,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING CHARLOTTE'S NEXT GENERATION OF SUCCESSFUL ENTERPRISE COMPANIES (CONT. ON SCH O) OWNED BY BLACK AND INDIGENOUS PEOPLE OF COLOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NXT | CLT COHORT EXPERIENCE IS DESIGNED TO PREPARE BUSINESS OWNERS WITH C-SUITE LEADERSHIP SKILLS, COACHING AND SUPPORT, ALONG WITH THE DEVELOPMENT OF THEIR EMOTIONAL INTELLIGENCE TO FURTHER THEIR BUSINESS ACUMEN TO TAKE THEIR BUSINESSES TO THE NEXT LEVEL. ENTREPRENEURS BECOME PART OF THE NXT | CLT FAMILY AND ARE PROVIDED WRAP AROUND SUPPORT TO SCALE, GROW, AND CREATE A LEGACY OF WEALTH BUILDING.(CONTINUED ON SCHEDULE O)PHASE 1: LEARNING & DEVELOPMENTGUIDED FACILITATION IN MONTHLY 3-HOUR IMMERSIVE LEARNING SESSIONS AND EXTENDED HOME WORK ASSIGNMENTS TO HELP THEM IMPROVE THEIR BUSINESS OPERATIONSPHASE 2: GROWTH & IMPLEMENTATIONMENTOR | MENTEE COACHING INITIATIVEPHASE 3: LEADERSHIP PEER ADVISORY GROUPSPARTICIPATION IN NEXT LEVEL ENTREPRENEUR ORGANIZATION PHASE 4: CONTINUAL LEARNING AND DEVELOPMENTTHE ABILITY TO PARTICIPATE IN ON GOING LEADERSHIP EDUCATION; GET ACCESS TO CAPITAL, AND ACCESS TO MARKETS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Lewis Executive Dir./ceo | Officer | 45 | $39,375 |
Greg Johnson Board Chair | Trustee | 5 | $0 |
Derrick Davis Vice-Chair | Trustee | 3 | $0 |
Natalie Williams Funding Comm. Chair | Trustee | 3 | $0 |
Chris Elliott Finance Comm. Chair | Trustee | 3 | $0 |
Paul Wetenhall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $921,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,121,099 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $87,099 |
| Fees for services: Legal | $2,403 |
| Fees for services: Accounting | $4,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,729 |
| Office expenses | $3,363 |
| Information technology | $5,783 |
| Royalties | $0 |
| Occupancy | $10,772 |
| Travel | $1,030 |
| 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 | $0 |
| Insurance | $906 |
| All other expenses | $0 |
| Total functional expenses | $382,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,679 |
| Savings and temporary cash investments | $50,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $742,686 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $642,686 |
| Net assets with donor restrictions | $100,000 |
| 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 | $742,686 |
Grants Awarded
Over the last fiscal year, Junction Business Services Inc has awarded $195,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDON GYNECOLOGY ASSOCIATES PA PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS AND CAPACITY BUILDING | $15,000 |
COMNET GROUP INC PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS AND CAPACITY BUILDING | $15,000 |
AMPED EVENTS PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS AND CAPACITY BUILDING | $15,000 |
A CULTIVATED MINDSET INC PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS AND CAPACITY BUILDING | $15,000 |
GRADIFY PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS AND CAPACITY BUILDING | $15,000 |
GOLDEN TECH SYSTEMS INC PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS AND CAPACITY BUILDING | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Junction Business Services Inc has recieved totaling $545,000.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $500,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: JUSTICE, EQUITY, & INCLUSION | $25,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Central Human Resource Agency Inc Fayetteville, TN | $18,690,706 | $37,175,959 |
Utilities Protection Center Inc Duluth, GA | $5,979,743 | $9,358,104 |
Society Of American Military Engineers Alexandria, VA | $13,723,509 | $8,826,006 |
National Postal Forum Fairfax, VA | $4,860,406 | $1,117,826 |
International Registration Plan Inc Lake Ridge, VA | $6,767,213 | $2,522,513 |
Tech For Troops Richmond, VA | $370,247 | $496,990 |
Public Entity Risk Institute Alexandria, VA | $6,109,209 | $637,966 |
Junction Business Services Inc Charlotte, NC | $742,686 | $1,121,099 |
City Of Refuge Communities Inc Atlanta, GA | $190,124 | $258,000 |
Pacific Helps Greenville, SC | $2,510 | $33,398 |