Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
17 people listed on the 990.
Eric Lewis’s $124K as Exec Director CEO is at the 85th percentile of top reported officer pay among 1044 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2022 | FY2021 |
|---|---|---|---|
| Eric Lewis | $123,531 | $119,904 | $39,375 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Accelerates the growth of Black- and Indigenous-owned small businesses in Charlotte through targeted development programs to build a more equitable local economy.
Questions for Junction Business Services INC
Your first name shows with your question. Junction Business Services INC answers here, for everyone.
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NXT CLT, charlotte metros premier small business development initiative, strives to create a robust pathway to success for businesses owned by people of color. The company was set up with a desire to create a real, accessible, and highly effective movement for high-potential small and medium-sized businesses.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $355K | $433K |
| Total assetsLn 16 | $423K | $453K |
| LiabilitiesLn 26 | $0 | $62K |
| Net assetsLn 32 | $423K | $390K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $225K | $225K | ||
| Other salaries and wagesLn 7 | $71K | $57K | $11K | $4K |
| Payroll taxesLn 10 | $6K | $5K | $872 | $291 |
| Management feesLn 11a | $67K | $53K | $10K | $3K |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $26K | $20K | $4K | $2K |
| Other fees for servicesLn 11g | $44K | $10K | $45 | $33K |
| Advertising and promotionLn 12 | $35K | $28K | $5K | $2K |
| Office expensesLn 13 | $14K | $7K | $7K | $347 |
| OccupancyLn 16 | $12K | $9K | $2K | $580 |
| TravelLn 17 | $630 | $588 | $42 | |
| InsuranceLn 23 | $999 | $799 | $150 | $50 |
| Other expenses (24a–d)Ln 24 | $84K | $35K | $48K | $105 |
| All other expensesLn 24e | $7K | $7K | ||
| Total functional expensesLn 25 | $593K | $458K | $91K | $45K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $561K | $593K | −$32K | $390K | 990 PDF |
| FY2023 | $510K | $711K | −$202K | $423K | 990 PDF |
| FY2022 | $490K | $608K | −$118K | $625K | 990 PDF |
| FY2021 | $1.1M | $382K | $739K | $743K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $561,027 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $561,027 across 5 lines filed
Part IX · Statement of functional expenses $593,368 across 14 lines filed
Part X · Balance sheet $452,848 assets, 10 lines filed
Part XI · Reconciliation of net assets $390,348 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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