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 12/2022, Nessp Inc employed 7 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 12/2022, Nessp Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Siva Kandukuri President | Trustee | 4 | $0 |
Venkatachalam Arumugam Secretary | Trustee | 4 | $0 |
Murali Gade Treasurer | Trustee | 4 | $0 |
Surya Kodukulla Director | Trustee | 4 | $0 |
Neelkanth Mishra Director | Trustee | 4 | $0 |
Sandeep Kaushik Director | Trustee | 4 | $0 |
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 | $1,809,052 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,809,052 |
Total Program Service Revenue | $0 |
Investment income | $449 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $54,645 |
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 | $22,677 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,886,823 |
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 | $208,584 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $90,956 |
Payroll taxes | $18,729 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $39,675 |
Advertising and promotion | $7,030 |
Office expenses | $26,606 |
Information technology | $772 |
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 | $314,613 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $243,610 |
Insurance | $12,589 |
All other expenses | $219,084 |
Total functional expenses | $1,795,371 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $784,734 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $148 |
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 | $11,455,292 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $52,488 |
Total assets | $12,292,662 |
Accounts payable and accrued expenses | $0 |
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 | $5,563,668 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $5,563,668 |
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 | $6,728,994 |
Total liabilities and net assets/fund balances | $12,292,662 |
Over the last fiscal year, we have identified 4 grants that Nessp Inc has recieved totaling $48,384.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,689 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,645 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $6,800 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 09/08/21 | $250 |
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