Nest Inc
- Assets
- $6.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 32
- Location
- New York, NY
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5450672
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 12/2022, Nest Inc employed 32 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 12/2022, Nest Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 17.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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.
HARDWORKER SECTOR CONSULTINGTHE 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Van Bergen Executive Director | Officer | 40 | $165,039 |
Christopher Van Bergen Chief Operating Officer | Officer | 40 | $163,304 |
Marta Druckman CFO | Officer | 40 | $87,744 |
Ashia Dearwester Chief Strategy/partnership | Officer | 40 | $150,996 |
Lindsey Struck Chief Handcraft Programs Officer | 40 | $124,166 | |
Jim Brigham Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $245,020 |
| Related organizations | $0 |
| Government grants | $364,147 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,486,112 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,095,279 |
| Total Program Service Revenue | $1,324,074 |
| Investment income | $44,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,498 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $237 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,462,310 |
| 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. | $714,534 |
| Compensation of current officers, directors, key employees. | $162,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,209,543 |
| Pension plan accruals and contributions | $170,215 |
| Other employee benefits | $226,813 |
| Payroll taxes | $194,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,059 |
| Advertising and promotion | $4,838 |
| Office expenses | $146,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $45,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,252 |
| All other expenses | $0 |
| Total functional expenses | $5,236,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,630,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $504,134 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,005,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,605 |
| Total assets | $6,170,653 |
| Accounts payable and accrued expenses | $117,395 |
| Grants payable | $0 |
| Deferred revenue | $211,180 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,000,000 |
| Total liabilities | $1,328,575 |
| Net assets without donor restrictions | $3,222,864 |
| Net assets with donor restrictions | $1,619,214 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,170,653 |
Grants Awarded
Over the last fiscal year, Nest Inc has awarded $26,231 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOX T PARTNERS PURPOSE: PROGRAM SERVICES | $5,220 |
ALABAMA CHANIN PURPOSE: PROGRAM SERVICES | $21,011 |