Skip to content
Nonprofiteer
← NONPROFIT ENTERPRISE AND SELF-SUSTAINABILITY TEAM INC

Form 990 for tax year 2022

Filed by NONPROFIT ENTERPRISE AND SELF-SUSTAINABILITY TEAM INC.

Totals

Total revenue
$3,496,265
Total expenses
$2,871,820
Contributions and grants received
$3,315,117
Grants paid
$348,945
Program service revenue
$28,610
Investment income
$178,049
Other revenue
-$25,511
Total assets, end of year
$7,429,191
Total liabilities, end of year
$2,905,207
Net assets or fund balances, end of year
$4,523,984
Program services expenses (Part IX)
$2,316,265
Management and general expenses
$331,258
Fundraising expenses
$224,297
Program service expenses (Part III)
$2,316,265

Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $390,897

  • 1f · All other contributions, gifts and grants

    $2,924,220

  • 2a · Program service revenue: SELF FINANCING INCOME

    total $28,610 · related or exempt $28,610

  • 3 · Investment income

    total $178,049 · excluded $178,049

  • 11a · Other revenue: FOREIGN CURRENCY LOSS

    total -$25,511 · excluded -$25,511

  • 11e · Other revenue, total

    -$25,511

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $348,945 · program services $348,945

  • 5 · Compensation of officers, directors and key employees

    total $272,283 · program services $210,752 · management and general $61,531

  • 7 · Other salaries and wages

    total $1,536,487 · program services $1,177,669 · management and general $140,600 · fundraising $218,218

  • 11b · Fees: legal

    total $24,100 · program services $21,087 · management and general $2,185 · fundraising $828

  • 11c · Fees: accounting

    total $65,378 · management and general $65,378

  • 11g · Fees: other

    total $234,471 · program services $226,080 · management and general $7,835 · fundraising $556

  • 13 · Office expenses

    total $87,907 · program services $78,106 · management and general $9,699 · fundraising $102

  • 14 · Information technology

    total $31,942 · program services $25,876 · management and general $5,664 · fundraising $402

  • 16 · Occupancy

    total $32,136 · program services $29,222 · management and general $2,914

  • 17 · Travel

    total $77,691 · program services $75,800 · management and general $36 · fundraising $1,855

  • 19 · Conferences, conventions and meetings

    total $11,459 · program services $9,656 · management and general $18 · fundraising $1,785

  • 20 · Interest

    total $31,308 · management and general $31,308

  • 22 · Depreciation, depletion and amortization

    total $7,538 · program services $7,538

  • 24a · Other expenses: LOAN LOSS RESERVE

    total $69,426 · program services $69,426

  • 24b · Other expenses: EVENT SUPPLIES & PHOTOG

    total $31,900 · program services $30,734 · management and general $1,000 · fundraising $166

  • 24e · All other expenses

    total $8,849 · program services $5,374 · management and general $3,090 · fundraising $385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,116,728 · end of year $4,703,806

  • 4 · Accounts receivable

    beginning of year $664,179 · end of year $190,447

  • 7 · Other notes and loans receivable

    beginning of year $1,915,527 · end of year $2,453,678

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,182 · end of year $19,973

  • 10a · Land, buildings and equipment: cost or other basis

    $45,877

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,947

  • 10c · Land, buildings and equipment, net

    beginning of year $19,896 · end of year $27,930

  • 15 · Other assets

    beginning of year $35,345 · end of year $33,357

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,671 · end of year $115,614

  • 18 · Grants payable

    beginning of year $23,000 · end of year $6,859

  • 24 · Unsecured notes and loans payable

    beginning of year $1,727,647 · end of year $2,505,286

  • 25 · Other liabilities

    beginning of year $0 · end of year $277,448

  • 27 · Net assets without donor restrictions

    beginning of year $939,732 · end of year $1,227,675

  • 28 · Net assets with donor restrictions

    beginning of year $2,959,807 · end of year $3,296,309

Mission and programs · 2022

Mission

NESST INVESTS IN SOCIAL ENTERPRISES THAT GENERATE DIGNIFIED JOBS FOR PEOPLE MOST IN NEED. NESST USES AN ENGAGED APPROACH PROVIDING TAILORED FINANCING AND ONE-ON-ONE BUSINESS DEVELOPMENT SUPPORT TO SOCIAL ENTREPRENEURS IN EMERGING MARKETS.

  • NESST PROVIDES CAPACITY SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN PERU THAT PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS.

    Expenses $766,423 · Grants $47,914 · Revenue $8,381

  • NESST PROVIDES CAPACITY SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN BRAZIL THAT PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS.

    Expenses $466,765 · Grants $105,456 · Revenue $339

  • NESST PROVIDES CAPACITY SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN POLAND THAT PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS.

    Expenses $424,143 · Grants $62,000

  • NESST PROVIDES CAPACITY BUILDING SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN CENTRAL EUROPE AND LATIN AMERICA TO HELP THEM BECOME FINANCIALLY SUSTAINABLE AND TO FURTHER THEIR SOCIAL IMPACT. NESST ALSO DEVELOPS AND DISSEMINATES CASE STUDIES, LEGAL RESEARCH, PUBLICATIONS ABOUT SOCIAL ENTERPRISE DEVELOPMENT, AND ORGANIZES FORUMS AND OTHER EVENTS TO PROMOTE THIS ISSUE AMONG SOCIAL ENTREPRENEURS, ACADEMICS, DONORS, AND POLICY-MAKERS.

    Expenses $658,934 · Grants $133,576 · Revenue $19,890

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mervyn Davies

    CHAIR

    Total calculated
    $0
    Hours/week
    0.7

  • Brian Wardrop

    TREASURER

    Total calculated
    $0
    Hours/week
    0.7

  • Nathalie Figueroa

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.7

  • David York

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Edwin Gutierrez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Geoffrey Hamlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Joamir Alves

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Natasha Buchler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Istvan Szoke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • Nicole Etchart

    CO-FOUNDER & CO-CEO

    Total calculated
    $151,540
    From this org
    $140,595
    From related orgs
    $0
    Other
    $10,945
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $140,595
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,945 related
    Filer's total
    $140,595 + $10,945 related

  • Loic Comolli

    CO-CEO

    Total calculated
    $120,743
    From this org
    $111,759
    From related orgs
    $0
    Other
    $8,984
    Hours/week
    60

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NESST SELF LLC

    LOAN FUND · DE · income $479 · assets $2,834,169

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202321359349317962

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.