Civic Intelligence

Junction Business Services Inc

EIN 85-0657393 • 501(c)3 • Charlotte, NC

Profile

Building charlottes next generation of successful enterprises companies owned by black, and indigenous people of color

9319 Robert D Snyder Rd Ste 403Charlotte, NC 28223

www.nxtclt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.14x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.11x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

29th percentile

-5.8%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

15th percentile

-15%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2024

Assets

Up

$452,848

Up $30,159 (+7.1%) from 2023

Liabilities

Up

$62,500

Up $62,500 from 2023

Net Assets

Down

$390,348

Down $32,341 (-7.7%) from 2023

Revenue

Up

$561,027

Up $51,424 (+10%) from 2023

Expenses

Down

$593,368

Down $117,992 (-17%) from 2023

Net Income

Up

-$32,341

Up $169,416 (+84%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2021: $742,686Liabilities 2021: $0Net Assets 2021: $742,6862021Assets 2022: $624,553Liabilities 2022: $0Net Assets 2022: $624,5532022Assets 2023: $422,689Liabilities 2023: $0Net Assets 2023: $422,6892023Assets 2024: $452,848Liabilities 2024: $62,500Net Assets 2024: $390,3482024

Highlighted filing

2024

Assets$452,848
Liabilities$62,500
Net Assets$390,348

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2021: $1,121,099Expenses 2021: $382,387Net Income 2021: $738,7122021Revenue 2022: $489,795Expenses 2022: $607,928Net Income 2022: -$118,1332022Revenue 2023: $509,603Expenses 2023: $711,360Net Income 2023: -$201,7572023Revenue 2024: $561,027Expenses 2024: $593,368Net Income 2024: -$32,3412024

Highlighted filing

2024

Revenue$561,027
Expenses$593,368
Net Income-$32,341

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$561,027
Mission and Program Overview

Mission

Building charlotte's next generation of successful enterprise companies owned by black, and indigenous people of color

Nxtclt, 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$354,761$432,848▲ $78,087
Accounts Receivable$47,928--
Pledges and Grants Receivable$20,000$20,000→ $0
Total Assets$422,689$452,848▲ $30,159
Liabilities
Grants Payable-$40,000-
Accounts Payable and Accrued Expenses-$22,500-
Total Liabilities$0$62,500▲ $62,500
Net Assets / Fund Balance
Net Assets With Donor Restrictions$230,000$411,317▲ $181,317
Net Assets Without Donor Restrictions$192,689$-20,969▼ $213,658
Total Net Assets Fund Balance$422,689$390,348▼ $32,341
Total Liabilities and Net Assets / Fund Balance$422,689$452,848▲ $30,159
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$561,027
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$41,027
Change in Net Assets
$-32,341

Audited Revenue Reconciliation

Revenue per Audited Statements
$561,027
Total Revenue per Audited Statements
$561,027
Total Revenue per Form 990
$561,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,249
Grants and Similar Amounts Paid$225,000
Salaries, Compensation, and Employee Benefits$77,119
Total Fundraising Expense$45,128
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$225,000--$225,000
Other Salaries and Wages$57,046$10,696$3,565$71,307
Fees for Services Management$53,422$10,017$3,339$66,778
Other Expenses$362$47,928$23$47,928
Fees for Services Other$10,239$45$33,349$43,633
Advertising$28,340$5,256$1,782$35,378
Fees for Services Accounting$19,520$4,360$1,720$25,600
Office Expenses$6,562$7,007$347$13,916
Occupancy$9,280$1,890$580$11,750
All Other Expenses$6,721--$6,721
Payroll Taxes$4,649$872$291$5,812
Fees for Services Legal-$2,047-$2,047
Insurance$799$150$50$999
Travel$588$42-$630
Total Functional Expenses$457,522$90,718$45,128$593,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$593,368
Total Expenses per Audited Statements$593,368
Total Expenses per Form 990$593,368
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Angela & David Berry--Financial Support for Operations$15,000
Khiana Morton--Financial Support for Operations$15,000
Kimberly Mcgregor--Financial Support for Operations$15,000
Kinglsey Ifedi--Financial Support for Operations$15,000
Leslie Ware--Financial Support for Operations$15,000
Trevonne & Marcus Cuffee--Financial Support for Operations$15,000
Vania Bredy--Financial Support for Operations$15,000
Avid Painting & Remodeling--Financial Support for Operations$10,000
Bernadette Joy LLC--Financial Support for Operations$10,000
Blueprint Consulting LLC--Financial Support for Operations$10,000
David Love Associates Inc--Financial Support for Operations$10,000
Inspector Jalen LLC--Financial Support for Operations$10,000
John Emily Alterations LLC--Financial Support for Operations$10,000
My Little Helper & Co LLC--Financial Support for Operations$10,000
Pino CPA--Financial Support for Operations$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The form 990 was completed by the accounting firm in preparation for a review by the finance committee, followed by a review of the board of directors.

Conflict of interest policy compliance Part VI line 12C

Members of the board and the staff have a clear obligation to conduct all affairs of the organization in an upright and honest manner. All decisions of the organization will be made solely on the basis of a desire to promote the best interests of the organizaton and the individuals, organizations, and agencies it serves. Members of the board and staff of the organization agree to place the welfare of the organization above personal interests, interests of family members and others who may be personally involved in substantial affairs affecting the organizations basic functions. Members of the board and staff shall disclose fully, to the secretary of the board, the precise nature of their interest and involvement when participating in any transaction for the organization.

CEO executive director top management comp Part VI line 15A

The finance and executive committee shall annually evaluate the executive director on his/her performance and ask for his/her input on matters of performance and compensation. The finance and executive committee will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of the executive director (and other highly compensated employees or consultants) based on a review of comparability data. To approve the compensation for the executive director, the board must document how it reached its decisions, including the data on which it relied, in minutes of the meeting during which the compensation was approved.

Other officer or key employee compensation Part VI line 15B

The finance and executive committee will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of key employees and highly compensated employees or consultants based on a review of comparability data.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, financial statements, and all policies available upon request.

Filing and Contact Details

Filer

Filer Name
Junction Business Services Inc
EIN
85-0657393
In Care Of
% DERRICK DAVIS
Phone
7049618879
Address
9319 ROBERT D SNYDER RD STE 403, CHARLOTTE, NC 28223
Doing Business As
Nxtclt

Signing Officer

Name
Derrick Davis
Title
Vice-chair
Phone
7049618879
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
1

Preparer

Firm
Proctor and Assocs Tbs Inc
Address
9115 HARRIS CORNERS PKWY STE 165, Charlotte, NC 28269
Preparer
Tony Proctor Ea
Phone
7043851040
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0561027
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt050
IRS990/InsuranceGrp/ManagementAndGeneralAmt0150
IRS990/InsuranceGrp/ProgramServicesAmt0799
IRS990/InsuranceGrp/TotalAmt0999
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0NXTCLT, 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0422689
IRS990/NetAssetsOrFundBalancesEOYAmt0390348
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0192689
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-20969
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0580
IRS990/OccupancyGrp/ManagementAndGeneralAmt01890
IRS990/OccupancyGrp/ProgramServicesAmt09280
IRS990/OccupancyGrp/TotalAmt011750
IRS990/OfficeExpensesGrp/FundraisingAmt0347
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07007
IRS990/OfficeExpensesGrp/ProgramServicesAmt06562
IRS990/OfficeExpensesGrp/TotalAmt013916
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGES & FEES
IRS990/OtherExpensesGrp/Desc1COHORT FACILITATION
IRS990/OtherExpensesGrp/Desc2LICENCES & PERMITS
IRS990/OtherExpensesGrp/Desc3CREDIT LOSSES
IRS990/OtherExpensesGrp/FundraisingAmt082
IRS990/OtherExpensesGrp/FundraisingAmt123
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0340
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt168
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt247928
IRS990/OtherExpensesGrp/ProgramServicesAmt01306
IRS990/OtherExpensesGrp/ProgramServicesAmt133688
IRS990/OtherExpensesGrp/ProgramServicesAmt2362
IRS990/OtherExpensesGrp/TotalAmt01728
IRS990/OtherExpensesGrp/TotalAmt133688
IRS990/OtherExpensesGrp/TotalAmt2453
IRS990/OtherExpensesGrp/TotalAmt347928
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03565
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010696
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057046
IRS990/OtherSalariesAndWagesGrp/TotalAmt071307
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0291
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0872
IRS990/PayrollTaxesGrp/ProgramServicesAmt04649
IRS990/PayrollTaxesGrp/TotalAmt05812
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020000
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0506282
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0230000
IRS990/PYInvestmentIncomeAmt03321
IRS990/PYOtherExpensesAmt0348041
IRS990/PYRevenuesLessExpensesAmt0-201757
IRS990/PYSalariesCompEmpBnftPaidAmt0133319
IRS990/PYTotalExpensesAmt0711360
IRS990/PYTotalRevenueAmt0509603
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-32341
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0561027
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0561027
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0438142
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0489684
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01121099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02609952
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt068140
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt068140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03321
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0111
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03321
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03432
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt02678092
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0561027
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0506282
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0489684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01121099
IRS990ScheduleA/Total509Grp/TotalAmt02678092
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0561027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0509603
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0489795
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01121099
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02681524
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0593368
IRS990ScheduleD/RevenueSubtotalAmt0561027
IRS990ScheduleD/TotalExpensesPerForm990Amt0593368
IRS990ScheduleD/TotalRevenuePerForm990Amt0561027
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0561027
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0593368
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt510000
IRS990ScheduleI/RecipientTable/CashGrantAmt610000
IRS990ScheduleI/RecipientTable/CashGrantAmt715000
IRS990ScheduleI/RecipientTable/CashGrantAmt815000

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