Nonprofit Enterprise And Self-Sustainability Team Inc
- Assets
- $11.9m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 9
- Location
- St Petersburg, FL
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 52-2018791
Organization Overview
Nonprofit Enterprise And Self-Sustainability Team Inc is located in St Petersburg, FL. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Nonprofit Enterprise And Self-Sustainability Team Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nonprofit Enterprise And Self-Sustainability Team 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, Nonprofit Enterprise And Self-Sustainability Team Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NESST INVESTS IN SOCIAL ENTERPRISES THAT GENERATE DIGNIFIED JOBS FOR PEOPLE MOST IN NEED. NESST USES AN ENGAGED APPROACH PROVIDING TAILORED FINANCING AND ONE-ON-ONE BUSINESS DEVELOPMENT SUPPORT TO SOCIAL ENTREPRENEURS IN EMERGING MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NESST PROVIDES CAPACITY SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN BRAZIL THAT PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS.
NESST PROVIDES CAPACITY BUILDING SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN CENTRAL EUROPE AND LATIN AMERICA TO HELP THEM BECOME FINANCIALLY SUSTAINABLE AND TO FURTHER THEIR SOCIAL IMPACT. NESST ALSO DEVELOPS AND DISSEMINATES CASE STUDIES, LEGAL RESEARCH, PUBLICATIONS ABOUT SOCIAL ENTERPRISE DEVELOPMENT, AND ORGANIZES FORUMS AND OTHER EVENTS TO PROMOTE THIS ISSUE AMONG SOCIAL ENTREPRENEURS, ACADEMICS, DONORS, AND POLICY-MAKERS.
NESST PROVIDES CAPACITY SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN POLAND THAT PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS.
NESST PROVIDES CAPACITY SUPPORT AND FINANCING TO A SELECT PORTFOLIO OF SOCIAL ENTERPRISES IN PERU THAT PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Dueck CEO | OfficerTrustee | 60 | $28,038 |
Nicole Etchart Founder & Senior Advisor | OfficerTrustee | 60 | $187,121 |
Mervyn Davies Chair | OfficerTrustee | 0.7 | $0 |
Brian Wardrop Treasurer | OfficerTrustee | 0.7 | $0 |
Nathalie Figueroa Secretary | OfficerTrustee | 0.7 | $0 |
David York Board Member | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $239,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,144,333 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,383,837 |
| Total Program Service Revenue | $11,691 |
| Investment income | $393,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,784,266 |
| 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 | $353,492 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $272,241 |
| Compensation of current officers, directors, key employees. | $139,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,246,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,815 |
| Fees for services: Accounting | $61,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,234 |
| Advertising and promotion | $0 |
| Office expenses | $208,018 |
| Information technology | $30,038 |
| Royalties | $0 |
| Occupancy | $41,012 |
| Travel | $157,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,298 |
| Interest | $85,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,416 |
| Insurance | $0 |
| All other expenses | $8,124 |
| Total functional expenses | $3,857,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,583,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,306 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,112,389 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,766 |
| Net Land, buildings, and equipment | $49,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,498 |
| Total assets | $11,908,162 |
| Accounts payable and accrued expenses | $167,917 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $4,360,928 |
| Other liabilities | $928,890 |
| Total liabilities | $5,457,735 |
| Net assets without donor restrictions | $1,694,180 |
| Net assets with donor restrictions | $4,756,247 |
| 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 | $11,908,162 |