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← NONPROFIT ENTERPRISE AND SELF-SUSTAINABILITY TEAM INC

Form 990 for tax year 2024

Filed by NONPROFIT ENTERPRISE AND SELF-SUSTAINABILITY TEAM INC.

Totals

Total revenue
$4,766,420
Total expenses
$4,672,520
Contributions and grants received
$4,230,259
Grants paid
$590,525
Program service revenue
$8,853
Investment income
$667,111
Other revenue
-$139,803
Total assets, end of year
$14,115,895
Total liabilities, end of year
$7,571,568
Net assets or fund balances, end of year
$6,544,327
Program services expenses (Part IX)
$3,406,337
Management and general expenses
$855,487
Fundraising expenses
$410,696
Program service expenses (Part III)
$3,406,337

Program services were 72.9% 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.

  • 1d · Related organizations

    $69,000

  • 1e · Government grants (contributions)

    $722,166

  • 1f · All other contributions, gifts and grants

    $3,439,093

  • 2a · Program service revenue: SELF FINANCING INCOME

    total $8,853 · related or exempt $8,853

  • 3 · Investment income

    total $669,379 · excluded $669,379

  • 7b · Less cost or other basis and sales expenses

    other assets $2,268

  • 7c · Gain or loss

    other assets -$2,268

  • 7d · Net gain or loss

    total -$2,268 · excluded -$2,268

  • 11a · Other revenue: FOREIGN CURRENCY LOSS

    total -$139,803 · excluded -$139,803

  • 11e · Other revenue, total

    -$139,803

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,300 · program services $1,300

  • 3 · Grants to foreign organizations and individuals

    total $589,225 · program services $589,225

  • 5 · Compensation of officers, directors and key employees

    total $431,081 · program services $153,705 · management and general $123,671 · fundraising $153,705

  • 7 · Other salaries and wages

    total $2,366,564 · program services $1,863,451 · management and general $274,240 · fundraising $228,873

  • 11b · Fees: legal

    total $124,407 · program services $51,806 · management and general $72,601

  • 11c · Fees: accounting

    total $66,503 · management and general $66,503

  • 11g · Fees: other

    total $226,790 · program services $205,101 · management and general $18,660 · fundraising $3,029

  • 13 · Office expenses

    total $175,945 · program services $166,001 · management and general $3,674 · fundraising $6,270

  • 14 · Information technology

    total $30,298 · program services $19,285 · management and general $10,771 · fundraising $242

  • 16 · Occupancy

    total $48,582 · program services $31,849 · management and general $16,733

  • 17 · Travel

    total $264,965 · program services $175,119 · management and general $82,042 · fundraising $7,804

  • 19 · Conferences, conventions and meetings

    total $25,539 · program services $14,492 · management and general $1,061 · fundraising $9,986

  • 20 · Interest

    total $165,895 · management and general $165,895

  • 22 · Depreciation, depletion and amortization

    total $15,323 · program services $15,323

  • 24a · Other expenses: EVENT SUPPLIES & PHOTOS

    total $104,477 · program services $92,600 · management and general $11,228 · fundraising $649

  • 24b · Other expenses: LOAN LOSS RESERVE

    total $12,050 · program services $12,050

  • 24e · All other expenses

    total $23,576 · program services $15,030 · management and general $8,408 · fundraising $138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,583,956 · end of year $1,161,035

  • 2 · Savings and temporary cash investments

    end of year $6,588,641

  • 4 · Accounts receivable

    beginning of year $96,306 · end of year $22,949

  • 7 · Other notes and loans receivable

    beginning of year $5,112,389 · end of year $6,206,909

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,766 · end of year $45,632

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

    $90,993

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

    $42,015

  • 10c · Land, buildings and equipment, net

    beginning of year $49,247 · end of year $48,978

  • 15 · Other assets

    beginning of year $40,498 · end of year $41,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,917 · end of year $252,190

  • 19 · Deferred revenue

    end of year $3,465

  • 24 · Unsecured notes and loans payable

    beginning of year $4,360,928 · end of year $6,185,133

  • 25 · Other liabilities

    beginning of year $928,890 · end of year $1,130,780

  • 27 · Net assets without donor restrictions

    beginning of year $1,694,180 · end of year $2,668,571

  • 28 · Net assets with donor restrictions

    beginning of year $4,756,247 · end of year $3,875,756

Mission and programs · 2024

Mission

NESST PROVIDES CATALYTIC CAPITAL TO SOCIAL ENTERPRISES THAT CREATE QUALITY JOBS FOR UNDERSERVED COMMUNITIES WHILE SUSTAINING THE PLANET.

Activities or mission (Part I)

NESST INVESTS IN SOCIAL ENTERPRISES, USING BOTH GRANTS AND IMPACT INVESTMENTS.

  • NESST PROVIDES CAPACITY SUPPORT AND GRANTS OR RECOVERABLE GRANTS THROUGH OUR ACCELERATION PROGRAMS TO SOCIAL ENTERPRISES IN LATIN AMERICA, NOTABLY BRAZIL, PERU, COLOMBIA, CHILE AND ECUADOR TO HELP PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS. MANY OF THESE GROUPS ARE OPERATING IN THE AMAZON AND ANDES AND ARE HELPING TO DEVELOP NOT ONLY WAYS TO IMPROVE THE LIVELIHOODS OF THEIR COMMUNITIES BUT ALSO CONSERVE AND PRESERVE THE ENVIRONMENT THAT IS FACING THREATS OF DEFORESTATION, NATURAL DISASTERS FROM CLIMATE CHANGE AND THREATS TO BIODIVERSITY.

    Expenses $2,142,668 · Grants $513,874 · Revenue $8,853

  • NESST PROVIDES CAPACITY SUPPORT AND GRANTS OR RECOVERABLE GRANTS THROUGH OUR ACCELERATION PROGRAMS TO SOCIAL ENTERPRISES IN CENTRAL EASTERN EUROPE, NOTABLY IN POLAND AND ROMANIA, TO HELP PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS. MANY OF THESE GROUPS ARE HELPING MIGRANTS, PARTICULARLY FROM UKRAINE, OR THEY ARE HELPING AT RISK WOMEN AND YOUTH GAIN CRITICAL JOB TRAINING TO INTEGRATE INTO HIGHER PAYING JOB OPPORTUNITIES.

    Expenses $802,761 · Grants $75,351

  • NESST THROUGH ITS IMPACT INVESTMENT FUNDS PROVIDES MORE APPROPRIATE, PATIENT CAPITAL AND MEZZANINE DEBT TO SUPPORT SOCIAL ENTERPRISES. IN LATIN AMERICA, THIS INVESTMENT IS DONE THROUGH THE LIRIO FUND THAT FOCUSES ON HELPING VULNERABLE RURAL COMMUNITIES IN THE ANDES AND AMAZON. IN CENTRAL EASTERN EUROPE, THIS INVESTMENT IS DONE THROUGH THE VIOLET FUND THAT FOCUSES ON S.M.E.S THAT ADOPT POLICIES TO SUPPORT VULNERABLE POPULATIONS INCLUDING PEOPLE FROM THE LGBTQIA+ COMMUNITY AND MIGRANTS, PARTICULARLY FROM UKRAINE.

    Expenses $345,555 · Grants $1,300

  • WORKING WITH PHILANTHROPIC SUPPORT, NESST ALSO WORKS WITH OTHER ECOSYSTEM PLAYERS TO ORGANIZE FORUMS AND EVENTS TO PROMOTE SOCIAL ENTREPRENEURSHIP AND ENCOURAGE INNOVATION AMONG ENTERPRENEURS, DONORS AND POLICY MAKERS TO ASSIST IN MAKING SOCIAL ENTERPRISES MORE FINANCIALLY SUSTAINABLE.

    Expenses $115,353

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kirsten Dueck

    CEO (THRU 4/25)

    Total calculated
    $236,673
    From this org
    $187,088
    From related orgs
    $0
    Other
    $49,585
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $187,088
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $19,585
    Filer's total
    $236,673

  • Nicole Etchart

    FOUNDER & SENIOR ADVISOR

    Total calculated
    $121,904
    From this org
    $100,966
    From related orgs
    $0
    Other
    $20,938
    Hours/week
    60

  • Mervyn Davies

    CHAIR

    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 (THRU 12/24)

    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

  • Brian Wardrop

    TREASURER (THRU 12/24)

    Total calculated
    $0
    Hours/week
    0.7

  • Chad Adam Sachs

    CEO (EFF 4/25)

    Total calculated
    $72,505
    From this org
    $68,389
    From related orgs
    $0
    Other
    $4,116
    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 $224,618 · assets $6,759,086

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543169349308494

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