2024-10-21T12:37:51-05:00 2023-12-31 941481988 BOWMAN & COMPANY LLP 10100 TRINITY PARKWAYSTE 310 STOCKTON CA 95219 990 2023-01-01 522018791 NONPROFIT ENTERPRISE AND SELF- SUSTAINABILITY TEAM INC (NESST) NONP 5403167379 3276 12TH STREET NORTH ST PETERSBURG FL 33704 KIRSTEN DUECK CEO 5403167379 2024-07-22 1 1 TOBBIE J WELLS CPA P00174659 2094731040 2024-07-22 2023 2024-10-15 13:58:12Z X KIRSTEN DUECK 3276 12TH STREET NORTH ST PETERSBURG FL 33704 5785529 0 X WWW.NESST.ORG X 1997 CA 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. 11 9 9 40 0 0 3315117 5383837 28610 11691 178049 393677 -25511 -4939 3496265 5784266 348945 353492 0 0 1808770 2518942 0 0 382341 714105 985389 2871820 3857823 624445 1926443 7429191 11908162 2905207 5457735 4523984 6450427 X 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. 0 0 739323 93333 11691 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. 627637 64363 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. 531447 32826 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. 1108967 162970 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. 1108967 162970 3007374 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 0 0 9 1 0 1 BR CI PE RO PL 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 5403167379 3276 12TH STREET NORTH ST PETERSBURG FL 33704 KIRSTEN DUECK CEO 60.00 X X 28038 0 2448 NICOLE ETCHART FOUNDER & SENIOR ADVISOR 60.00 X X 187121 0 31460 MERVYN DAVIES CHAIR 0.70 X X 0 0 0 BRIAN WARDROP TREASURER 0.70 X X 0 0 0 NATHALIE FIGUEROA SECRETARY 0.70 X X 0 0 0 DAVID YORK BOARD MEMBER 0.60 X 0 0 0 EDWIN GUTIERREZ BOARD MEMBER 0.60 X 0 0 0 GEOFFREY HAMLIN BOARD MEMBER 0.60 X 0 0 0 JOAMIR ALVES BOARD MEMBER 0.60 X 0 0 0 NATASHA BUCHLER BOARD MEMBER 0.60 X 0 0 0 ISTVAN SZOKE BOARD MEMBER 0.60 X 0 0 0 LOIC COMOLLI CO-CEO (THRU 1/23) 60.00 X X 19285 0 3889 234444 0 37797 1 0 1 0 0 239504 5144333 5383837 SELF FINANCING INCOME 541610 11691 11691 11691 393666 393666 1274 1263 11 11 11 FOREIGN CURRENCY LOSS 900099 -4939 -4939 -4939 5784266 11691 0 388738 353492 353492 272241 132297 139944 2246701 1710418 156792 379491 42815 38608 4207 61617 61617 184234 179525 4008 701 208018 201196 6773 49 30038 27576 2095 367 41012 38466 2546 157775 154573 1494 1708 17298 16148 1150 85947 85947 9416 9416 LOAN LOSS RESERVE 83124 83124 EVENT SUPPLIES & PHOTOS 55971 55208 763 8124 7327 772 25 3857823 3007374 468108 382341 4703806 6583956 190447 96306 2453678 5112389 19973 25766 76599 27352 27930 49247 33357 40498 7429191 11908162 115614 167917 6859 2505286 4360928 277448 928890 2905207 5457735 X 1227675 1694180 3296309 4756247 4523984 6450427 7429191 11908162 1926443 0 X X 0 1 X 1 0 X 1606949 2608741 3540396 3315117 5383837 16455040 1606949 2608741 3540396 3315117 5383837 16455040 7953719 8501321 10301 62261 85812 178049 393666 730089 -13716 -36284 -67444 -25511 -4939 -147894 17037235 284943 0.49900 0.50780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FOREIGN CURRENCY GAIN LOSS - 2019 AMOUNT: $ -13,716. 2020 AMOUNT: $ -36,284. 2021 AMOUNT: $ -67,444. 2022 AMOUNT: $ -25,511. 2023 AMOUNT: $ -4,939. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X FINANCIAL GAIN 76599 27352 49247 49247 FORGIVABLE LOAN 680620 COLLATERAL - ASSIGNMENT OF RIGHTS 248270 928890 X PART III, LINE 4: THE ORGANIZATION ACCEPTS DONATIONS OF ART FOR THE PURPOSE OF FINANCIAL GAIN AND DOES NOT INTEND TO HOLD THE DONATIONS FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH. THE FUNDS RECEIVED FROM THE SALE OF THE DONATIONS WILL BE USED FOR GENERAL OPERATIONS IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT PURPOSE. PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER IRC SECTION 501(C)(3) AND THE CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 23701(D). THE ORGANIZATION IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN OTHER-THAN-PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. 0 LATIN AMERICA - BRAZIL, CHILE, COLOMBIA, PERU 2 32 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION DEVELOPMENT OF SOCIAL ENTERPRISE, INCLUDING PLANNING, START-UP, IMPROVING MANAGEMENT EFFECTIVENESS, OPERATIONS, AND PROVIDING ASSISTANCE IN ATTRACTING START-UP OR GROWTH CAPITAL. 1719129 EUROPE - POLAND, ROMANIA 3 12 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION DEVELOPMENT OF SOCIAL ENTERPRISE, INCLUDING PLANNING, START-UP, IMPROVING MANAGEMENT EFFECTIVENESS, OPERATIONS, AND PROVIDING ASSISTANCE IN ATTRACTING START-UP OR GROWTH CAPITAL. 167913 5 44 0 0 5 44 1887042 0 1887042 LATIN AMERICA - BRAZIL, CHILE, COLOMBIA, PERU TO HELP OTHER SOCIAL ENTERPRISE ORGANIZATIONS BECOME SELF-SUSTAINING. 225033 CHECK/WIRE 0 EUROPE - POLAND, ROMANIA TO HELP OTHER SOCIAL ENTERPRISE ORGANIZATIONS BECOME SELF-SUSTAINING. 110459 CHECK/WIRE 0 21 14 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION HAS SIGNED CONTRACTS WITH GRANTEES. THEY HAVE PERSONNEL IN CHARGE AT EACH FOREIGN COUNTRY LOCATION TO MAINTAIN THE RECORDS AND FOLLOW UP WITH THE GRANTEES. X X X X 0 0 0 0 0 0 0 0 0 NICOLE ETCHART FOUNDER & SENIOR ADVISOR 187121 0 0 0 0 0 0 0 31460 0 218581 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVES A FINAL COPY OF THE 990 PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE NESST CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE CEOS' SALARIES ARE REVIEWED EVERY YEAR BY THE EXECUTIVE COMMITTEE (CHAIR, SECRETARY, TREASURER) BY RESEARCHING AND REVIEWING EXTERNAL BENCHMARKING DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS. THE DATA MAY BE OBTAINED BY IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS, DOCUMENTED TELEPHONE CALLS TO OTHER NONPROFIT OGANIZATIONS, OR STUDIES BY INDEPENDENT SOURCES. A RECOMMENDATION IS THEN MADE TO THE FULL BOARD TO APPROVE CEOS' COMPENSATION AND THE APPROVAL AND DETAILS OF HOW THE BOARD REACHED ITS DECISION IS DOCUMENTED IN THE MINUTES. INDEPENDENCE IS ACHIEVED AS THE CHAIR OF THE BOARD OF DIRECTORS IS A VOLUNTEER, IS NOT COMPENSATED BY NESST, INC., AND OPERATES INDEPENDENTLY WITHOUT UNDUE INFLUENCE FROM EITHER CEO. THE EXECUTIVE COMMITTEE MEMBERS ARE NOT EMPLOYEES AND HAVE NO RELATIVES WHO WORK FOR NESST, INC. WHICH COULD PRESENT A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE ORGANIZATIONS'S FINANCIAL STATEMENTS ARE AVAILABLE ON THEIR WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. NESST SELF LLC 3276 12TH STREET ST PETERSBURG FL 33704 832346425 LOAN FUND DE 97963 4989299 1 1 1 1 1 1