Nessp Inc
- Assets
- $12.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Groton, MA
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 20-5288174
Organization Overview
Nessp Inc is located in Groton, MA. The organization was established in 2007. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Nessp Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nessp Inc 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 12/2023, Nessp Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS PROGRAMS, DISCOURSES, AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS PROGRAMS, DISCOURSES, AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siva Kandukuri President | Trustee | 4 | $0 |
Venkatachalam Arumugam Secretary | Trustee | 4 | $0 |
Murali Gade Treasurer | Trustee | 4 | $0 |
Sandeep Kaushik Director | Trustee | 4 | $0 |
Neelkanth Mishra Director | Trustee | 4 | $0 |
Surya Kodukulla Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,807,239 |
| Noncash contributions included in lines 1a–1f | $17,592 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,807,239 |
| Total Program Service Revenue | $0 |
| Investment income | $601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,755 |
| 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 | $12,426 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,864,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,706 |
| Payroll taxes | $17,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,453 |
| Advertising and promotion | $2,740 |
| Office expenses | $12,082 |
| Information technology | $173 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $261,678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,610 |
| Insurance | $13,398 |
| All other expenses | $238,892 |
| Total functional expenses | $1,979,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,585 |
| 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 | $11,211,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,408 |
| Total assets | $12,069,977 |
| Accounts payable and accrued expenses | $3,830 |
| 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 | $5,452,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,456,429 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $6,613,548 |
| Total liabilities and net assets/fund balances | $12,069,977 |