Junction Business Services Inc
- Assets
- $624.6k
- Revenue
- $489.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2022
- 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.
For the year ending 12/2022, Nxtclt generated $489.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $607.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nxtclt has awarded 20 individual grants totaling $300,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING CHARLOTTES NEXT GENERATION OF SUCCESSFUL ENTERPRISES COMPANIES 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 INTELLIENCE 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
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Lewis Exec Director CEO | Officer | 45 | $119,904 |
Anita Staton Member | Trustee | 1 | $0 |
Terry Pickney Memberacting Secretary | Trustee | 1 | $0 |
Sharon Matthews Member | Trustee | 1 | $0 |
Natalie Williams Member | Trustee | 1 | $0 |
Hal Levinson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,684 |
| Total Program Service Revenue | $0 |
| Investment income | $111 |
| 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 | $489,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,000 |
| 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. | $116,154 |
| Compensation of current officers, directors, key employees. | $17,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $665 |
| Payroll taxes | $9,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,646 |
| Fees for services: Accounting | $21,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,902 |
| Advertising and promotion | $28,281 |
| Office expenses | $12,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,261 |
| Travel | $1,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,736 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $766 |
| All other expenses | $0 |
| Total functional expenses | $607,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,553 |
| Savings and temporary cash investments | $50,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $624,553 |
| 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 | $27,442 |
| Net assets with donor restrictions | $597,111 |
| 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 | $624,553 |
Grants Awarded
Over the last fiscal year, Junction Business Services Inc has awarded $105,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DIVERSITY TALENT SCOUTS PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS | $15,000 |
ONYX ZEALOT DISTRIBUTOR PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS | $15,000 |
QUEEN BOSS CONSTRUCTION PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS | $15,000 |
FDY INC PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS | $15,000 |
BOGUES GROUP PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS | $15,000 |
MR REFURBISHER PURPOSE: FINANCIAL SUPPORT FOR OPERATIONS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Central Human Resource Agency Inc Fayetteville, TN | $21,310,056 | $39,838,049 |
Utilities Protection Center Inc Duluth, GA | $6,545,605 | $10,423,656 |
Society Of American Military Engineers Alexandria, VA | $12,273,778 | $9,949,376 |
International Registration Plan Inc Lake Ridge, VA | $8,522,366 | $4,124,501 |
National Postal Forum Fairfax, VA | $4,658,082 | $2,330,958 |
Rock Blue Alexandria, VA | $149,773 | $1,155,769 |
Tech For Troops Richmond, VA | $340,927 | $579,196 |
City Of Refuge Communities Inc Atlanta, GA | $436,742 | $930,800 |
Junction Business Services Inc Charlotte, NC | $624,553 | $489,795 |
Public Entity Risk Institute Alexandria, VA | $4,867,679 | $148,962 |
Pacific Helps Greenville, SC | $3,880 | $31,644 |