Nest Inc

Organization Overview

Nest Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Nest Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nest 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 12/2021, Nest Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NEST, INC. IS AN IRS SECTION 501(C)(3) ORGANIZATION THAT IDENTIFIES AND COLLABORATES WITH RESPONSIBLE ARTISIAN BUSINESS THROUGH THE PROVISION OF CUSTOMIZED CAPACITY BUILDING PROGRAMS TO ENABLE EACH ENTERPRISE TO BECOME PROFITABLE AND HAVE A SIGNIFICANT POSITIVE SOCIAL IMPACT. NEST HAS SEARCHED GLOBALLY TO IDENTIFY A NETWORK OF EXISTING ARTISANAL WORKSHOPS THAT HAVE STRONG LEADERSHIP, ARE SCALABLE AND CAN TRANSFORM THEIR COMMUNITIES IN ONE OF THREE WAYS: ALLEVIATE POVERTY, EMPOWER WOMEN, AND PROMOTE PEACE. THROUGH THEIR PARTICIPATORY MODEL, NEST WORKS WITH THE ARTISANS TO PROVIDE THE SERVICES THEY NEED TO BOTH PRESERVE AND ENHANCE ARTISTIC TRADITIONS AND INCREASE THEIR ABILITY TO MEET THE CAPACITY AND QUALITY DEMANDS OF THE EXPORTING MARKETPLACE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GUILDPROVIDING ARTISAN AND HANDCRAFT BUSINESSES IN DEVELOPING COUNTRIES AROUND THE WORLD TRAINING AND CAPACITY BUILDING RESOURCES, INCLUDING BOTH DIGITAL AND ON-SITE PROGRAMMING, AS WELL AS BUILDING OUT GLOBAL SECTOR SOLUTIONS THAT ADDRESS THE MOST PRESSING AND DIFFICULT CHALLENGES THAT ARTISAN BUSINESSES IN THE DEVELOPING WORLD FACE. NEST IS HELPING ARTISAN BUSINESSES REACH NEW MARKETS IN ORDER TO ENHANCE SOCIAL IMPACT.


PROGRAM REVENUE - DEVELOPING WORLD ARTISANSTHE PROVISION OF CONSULTING SERVICES IN FURTHERANCE OF THE INTERESTS OF DEVELOPING WORLD ARTISANS.THROUGH THIS EFFORT, NEST WORKS WITH COMMERCIAL BUSINESSES THAT ARE SEEKING TO INCORPORATE DEVELOPING WORLD ARTISAN PRODUCTION AND SUPPORT WITHIN THEIR BUSINESS MODELS. THIS INCLUDES SOURCING STRATEGY, ETHICAL COMPLIANCE TRAINING AND ASSESSMENT, EMPLOYEE ENGAGEMENT ACTIVITIES AND POLICY REVIEW.


RESEARCH AND ADVOCACYNEST ADVANCES DATA COLLECTION AND RESEARCH FOR THE DEVELOPING WORLD ARTISAN AND HANDCRAFT SECTOR. NEST ADVOCATES AND RAISES AWARENESS FOR THE WORK OF HANDCRAFT BUSINESSES, RECOGNIZING THE IMPORTANCE OF CRAFT AS A CORNERSTONE OF CULTURAL IDENTITY AND ECONOMIC OPPORTUNITY IN THE DEVELOPING WORLD.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $321,360
All other contributions, gifts, grants, and similar amounts not included above$3,588,565
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,909,925
Total Program Service Revenue$905,989
Investment income $765
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$1,644
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$4,918
Miscellaneous Revenue$0
Total Revenue $4,810,117

Grants Awarded

Over the last fiscal year, Nest Inc has awarded $26,231 in support to 2 organizations.

Grant RecipientAmount

ALABAMA CHANIN

PURPOSE: PROGRAM SERVICES

$21,011

BOX T PARTNERS

PURPOSE: PROGRAM SERVICES

$5,220
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Nest Inc has recieved totaling $550,000.

Awarding OrganizationAmount
Winn Family Foundation Inc

Dallas, TX

PURPOSE: ARTISAN ACCELERATOR PROGRAM AND COVID-19 RELIEF.

$370,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS

$110,000
Cordes Foundation

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$70,000
View Grant Recipient Profile

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