2025-02-14T15:33:42-06:00 2024-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2024-01-01 205450672 NEST INC NEST 2158069349 228 PARK AVE S 70891 70891 NEW YORK NY 100031502 CHRISTOPHER VAN BERGEN CHIEF FINANCIAL OFFICER 2158069349 2025-02-10 1 1 CASSE TATE P01271193 3175802000 2025-02-10 2024 2025-03-06 01:10:19Z CHRISTOPHER VAN BERGEN 228 PARK AVE S 70891 70891 NEW YORK NY 100031502 4151049 0 X WWW.BUILDANEST.ORG X 2006 MO 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. 12 11 0 400 0 0 4212239 2698935 1231880 554619 221181 143509 -12138 -19242 5653162 3377821 105285 153882 0 0 3672585 1935288 0 0 289997 1632751 764703 5410621 2853873 242541 523948 6187879 6181401 1079847 560231 5108032 5621170 X AT NEST, WE UNDERSTAND THE IMPORTANCE OF HANDCRAFT AND THE MEANING IT CAN HOLD FOR EVERY LIFE IT TOUCHES. THAT'S WHY WE CONNECT A COMMUNITY OF ARTISANS, RETAILERS AND PHILANTHROPIES TO BRING THE FULL BEAUTY OF HANDCRAFT TO THE WORLD. WE PROVIDE THE RESOURCES AND RELATIONSHIPS THAT UPLIFT THE PEOPLE, PLACES AND PRACTICES BEHIND EACH ETHICALLY HANDCRAFTED PIECE SO ARTISANS ARE RESPECTED, TRADITIONS ARE CELEBRATED, AND FAMILIES AND COMMUNITIES CAN GROW AND THRIVE. 0 0 1295723 153882 31925 THE NEST GUILD: IS AN EVER-GROWING GLOBAL NETWORK OF 2,950+ HANDCRAFT ENTERPRISES AND MAKER BUSINESSES IN 125+ COUNTRIES. WHILE REPRESENTING A DIVERSITY OF CRAFT TYPES FROM BASKET WEAVING TO HAND DYEING, CERAMICS, AND WOODWORKING GUILD MEMBERS ARE UNITED IN THEIR PURSUIT OF SUSTAINABLE BUSINESS GROWTH AND SOCIAL IMPACT IN THEIR COMMUNITIES. IT'S FREE TO JOIN THE NEST GUILD, AND ARTISAN AND MAKER MEMBERS RECEIVE ACCESS TO ONGOING RESOURCES AND PROGRAMS. THIS NETWORK IMPRESSIVE SHOWCASES THE POWER AND REACH OF THE CREATIVE ECONOMY. GUILD MEMBERS GAIN ACCESS TO EXCLUSIVE OPPORTUNITIES INCLUDING NEST'S APPLICATION-BASED BUSINESS ACCELERATORS, FINANCING OPPORTUNITIES, AND PRO BONO MENTORSHIP PROVIDED THROUGH NEST'S NETWORK OF INDUSTRY PROFESSIONALS AND CORPORATE PARTNERS. THEY MAY ALSO BENEFIT FROM MARKET ACCESS SUPPORT AND CONSIDERATION FOR SOURCING OPPORTUNITIES WITH OUR GROWING NETWORK OF BRAND PARTNERS. NEST PROVIDED DIRECT GRANT FUNDS TO GUILD AND MAKERS UNITED MEMBERS OF $153,882. MAKERS UNITED: IS BUILDING A MORE INCLUSIVE COMMUNITY OF U.S. MAKER-ENTREPRENEURS AND CRAFTSPEOPLE BY CO-CREATING AN ECOSYSTEM WHERE BIPOC AND LOW- INCOME MAKERS FEEL RECOGNIZED AND REPRESENTED AND HAVE ACCESS TO THE TOOLS THEY NEED TO GROW THEIR BUSINESSES AND THRIVE. A SUBSET OF NEST'S GLOBAL NETWORK OF CREATIVE ENTREPRENEURS, MAKERS UNITED ELEVATES THE VOICES OF DIVERSE MAKERS IN THE UNITED STATES TO ENSURE THAT THE GROWING AMERICAN MAKERS MOVEMENT IS GENERATING OPPORTUNITY FOR ALL MAKERS REGARDLESS OF GENDER, RACE, ECONOMIC MEANS OR ABILITY. MAKERS UNITED IS COMMITTED TO BUILDING A BETTER-CONNECTED ECOSYSTEM FOR MAKERS. TO DO THIS, NEST MAPS THE LOCAL LANDSCAPE OF SMALL BUSINESS SUPPORT AND CONNECTS THE DOTS BETWEEN MAKERS AND THE LOCAL, NATIONAL, AND PEER RESOURCES THEY NEED. ADDITIONALLY, THROUGH THE PROGRAM, CREATIVE ENTREPRENEURS CAN GAIN ACCESS TO EXCLUSIVE OPPORTUNITIES LIKE THE MADEWELL MAKER COLLECTIVE, ETSY'S UPLIFT MAKERS PROGRAM, NEST'S FLAGSHIP MAKERS FUTURE FUND, AND MORE! NEST SUPPORTS HISTORICALLY MARGINALIZED COMMUNITIES ACROSS THE US AND INVESTS IN THE PRESERVATION OF IMPORTANT CRAFT TRADITIONS. THESE SPECIAL PROGRAMS INCLUDE WORK WITH GEE'S BEND QUILTERS OF ALABAMA, MAKERS IN SAN FRANCISCO, AND MAKERS IN APPALACHIA, WHERE NEST CONNECTED 74 LOCAL MAKERS WITH HELPFUL RESOURCES TO ADDRESS THEIR BUSINESS UNIQUE CHALLENGES, POSITIONING THEM FOR FUTURE AND SUSTAINABILITY.NEST'S ARTISAN BUSINESS ACCELERATORS ARE APPLICATION-BASED, INTENSIVE, AND HOLISTIC PROGRAMS THAT PROVIDE HIGH POTENTIAL HANDCRAFT BUSINESSES AND SOCIAL ENTERPRISES FROM THE NEST GUILD WITH THE SUPPORT THEY NEED TO BECOME VITAL PLAYERS IN THE INTERNATIONAL MARKETPLACE. NEST'S FLAGSHIP PROGRAM, THE ARTISAN ACCELERATOR, CONTINUES TO ESTABLISH ITSELF AS THE PREEMINENT ACCELERATOR OF ARTISAN BUSINESSES EQUIPPING HIGHLY MOTIVATED SOCIAL ENTREPRENEURS WITH A SUITE OF TARGETED PROGRAMMING TO DRIVE THEIR BUSINESS GROWTH AND SOCIAL IMPACT IN THE HANDCRAFT SECTOR. HANDCRAFT ENTERPRISES THAT PARTICIPATE IN ANY OF NEST'S BUSINESS ACCELERATOR PROGRAMS GAIN ACCESS TO KEY LEARNING RESOURCES AND DEVELOP NEW SKILLS TO COMPLEMENT AND STRENGTHEN THEIR BUSINESS OPERATIONS, DEVELOP AND MARKET THEIR PRODUCTS, AND SUPPORT THEIR WORKERS AND COMMUNITIES. IN 2024, NEST EXPANDED OUR ARTISAN ACCELERATOR PROGRAM INTO AN UMBRELLA THAT ALSO INCLUDES A GROWING NUMBER OF MICRO-ACCELERATORS. THESE PROGRAMS ARE DESIGNED IN PARTNERSHIP WITH A BRAND OR PHILANTHROPY TO ADDRESS THE UNIQUE BUSINESS CHALLENGES OF A SPECIFIC GROUP OF ARTISANS OR MAKERS. 476735 522694 NEST'S ETHICAL HANDCRAFT PROGRAM IS REVOLUTIONIZING THE INDUSTRY BY MAKING HOMEWORK A SAFE AND VIABLE OPTION FOR WORKERS WORLDWIDE. LEVERAGING INTERNATIONAL LABOR ORGANIZATION PRINCIPLES, NEST DEVELOPED THE FIRST-EVER SET OF UNIVERSALLY APPLICABLE STANDARDS AND VERIFICATION METHODOLOGY FOR DECENTRALIZED SUPPLY CHAINS IN THE UNREGULATED INFORMAL ECONOMY. ESTIMATES SUGGEST THAT AROUND THE WORLD 300 MILLION PEOPLE, THE MAJORITY OF WHOM ARE WOMEN, ARE WORKING FROM THEIR HOMES OR SMALL WORKSHOPS TO SUPPORT FASHION AND HOME DECOR PRODUCTION. THIS WORK RANGES FROM SKILLED-BASED LABOR LIKE HAND-KNOTTING RUGS AND SEWING SOLES ONTO SHOES, TO STRINGING BEADED JEWELRY, CRAFTING DECORATIVE TASSELS, FOLDING TISSUE PAPER, AND PACKING POLY BAGS. FOR THESE WORKERS, HANDWORK OFFERS THEM AN OPPORTUNITY TO EARN AN INCOME WHILE CARING FOR THEIR FAMILIES AND LIMITS THE NEED FOR LONG AND SOMETIMES DANGEROUS TRAVEL INTO CITIES. LAUNCHED AT THE UNITED NATIONS ALONGSIDE A COMMITTEE OF FOUNDING BRANDS AND RETAILERS, THE PROGRAM HAS REACHED SUPPLY CHAINS ON 5 CONTINENTS. TODAY, NEST PARTNERS WITH BRANDS LIKE TARGET, WEST ELM, POTTERY BARN, AND PATAGONIA TO IMPLEMENT ETHICAL HANDCRAFT PROGRAMMING WITHIN SELECT SUPPLY CHAINS. TO DATE, THE CONNECTIONS NEST HAS MADE BETWEEN RETAILERS AND ARTISANS HAVE YIELDED $6.7 MILLION IN PURCHASE ORDERS FOR THE MEMBERS OF THE NEST GUILD. 50,000+ ARTISANS, ACROSS 172 BUSINESSES AND 202 SUPPLY CHAINS, HAVE BEEN POSITIVELY IMPACTED THROUGH THE ETHICAL HANDCRAFT PROGRAM.FEE FOR SERVICE PROGRAMS: NEST'S SOURCING SERVICES ADVANCE TRANSPARENCY, SOCIAL WELLBEING, AND ECONOMIC OPPORTUNITY FOR GLOBAL ARTISANS AND US MAKERS BY FACILITATING MATCHES BETWEEN BRANDS AND DESIGNERS AND NEST'S NETWORK OF ARTISANS AND MAKERS. NEST COLLABORATES WITH INDUSTRY-LEADING BRANDS INCLUDING CHLO, RALPH LAUREN, TORY BURCH, WEST ELM, AND MADEWELL TO CELEBRATE THE BEAUTY AND ARTISANSHIP OF MAKERS IN THE UNITED STATES AND ARTISAN BUSINESS LEADERS WORLDWIDE THROUGH CURATED HANDCRAFTED COLLECTIONS. NEST BELIEVES THAT SUSTAINABLE ECONOMIC GROWTH FOR ARTISANS IS ACHIEVED THROUGH TRANSPARENT SOURCING RELATIONSHIPS, WHICH IS WHY NEST CONNECTS BRANDS AND DESIGNERS WITH HANDCRAFT VENDORS OR INDEPENDENT MAKERS DIRECTLY. WE NEVER REQUIRE EXCLUSIVITY AGREEMENTS THAT MAY INHIBIT AN ARTISAN BUSINESS' ABILITY TO GROW AND ENCOURAGE CELEBRATION AND STORYTELLING FOR THE ARTISANS INVOLVED. NEST'S MODEL FOSTERS SUCCESSFUL LONG-TERM RELATIONSHIPS BETWEEN MAKERS AND BRANDS. OUR CONSULTATIONS, REPORTS, AND RETAINER SERVICES SUPPORT THE CREATION OF CRAFT VENDOR PROFILES WITH BEAUTIFUL PRODUCT PHOTOS, DETAILS ON THE TECHNIQUES, AS WELL AS CONTACT INFORMATION, APPROXIMATE PRICES AND LEAD TIMES. ALL OF NEST SERVICES INCLUDE AN EXCLUSIVE ARTISAN BEST PRACTICE TRAINING BASED ON NEST'S TWO DECADES OF EXPERIENCE FOR CORPORATE TEAMS, AS WELL AS MARKETING AND STORYTELLING SUPPORT FOR LAUNCHES. NEST PARTNERS WITH DESIGNERS, BRANDS, AND RETAILERS OF ALL SIZES TO PROVIDE HIGHLY CUSTOMIZED SOURCING SERVICES AND DELIVER INNOVATIVE IMPACT SOLUTIONS WHICH PRIORITIZE DIVERSITY, EQUITY, INCLUSION, AND CIRCULARITY. THROUGH CUSTOMIZED INITIATIVES, LIKE THE ETSY'S UPLIFT MAKERS PROGRAM, AND UNIQUE UPCYCLING SOLUTIONS, WE WORK ALONGSIDE BRANDS TO DEVELOP OPPORTUNITIES TO SUPPORT US MAKERS AND GLOBAL ARTISANS THAT EXTEND BEYOND SOURCING TO BENEFIT INDIVIDUALS, FAMILIES, AND COMMUNITIES. 429650 RESEARCH & ADVOCACY: MAKERS UNITED BRINGS VISIBILITY TO UNDER-REPRESENTED MAKERS AND THE CHALLENGES THEY FACE TO INCLUSION IN THE MICRO- AND SMALL-BUSINESS ECONOMY BY MAPPING THE REGIONAL LANDSCAPE OF SMALL BUSINESS SUPPORTS AND CONNECTING THE DOTS BETWEEN MAKERS AND THE LOCAL, NATIONAL, AND PEER RESOURCES THEY NEED. WE PUBLISH A REPORT THAT SHOWCASES THE OPPORTUNITIES FOR THE CREATIVE ECONOMY IN EACH CITY WE WORK IN TO HELP BUILD A STRONG ECOSYSTEM OF SUPPORT FOR MAKERS. NEST'S RESEARCH AND ADVOCACY INITIATIVES AIM TO BRING INDUSTRY AND PUBLIC AWARENESS TO THE OFTEN OVERLOOKED AND UNDER-REPRESENTED HANDWORKER SECTOR. RECOGNIZING THE DISPROPORTIONATE IMPACT OF MORE FREQUENT AND COSTLY SEVERE WEATHER EVENTS ON SMALL, CREATIVE BUSINESSES, WE PARTNERED WITH THE ENVIRONMENTAL DEFENSE FUND, WITH SUPPORT FROM ETSY, TO DEVELOP A NEW SET OF RESOURCES FOR US MAKERS.FROM THOUGHT LEADERSHIP PIECES TO CONCISE RESEARCH BRIEFS AND FULL REPORTS, NEST'S PUBLICATIONS INVESTIGATE RESEARCH TOPICS THAT ARE TIMELY AND IMPORTANT TO THE SECTOR AND AIM TO SYNTHESIZE RESULTS IN A WAY THAT CAN BE CONVEYED WITH EASE TO ANY AUDIENCE. 2202108 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY AL CA CO CT DC FL GA IL KS KY ME MD MA MI MS NV NH NJ NC ND OK OR PA RI SC TN UT WA WV WI AL AR HI MN NM OH VA X MARTA DRUCKMAN 4802628335 228 PARK AVE S 70891 NEW YORK NY 100031502 JIM BRIGHAM CHAIR 5.00 X X 0 0 0 MARTY CORDES PARTNERSHIP CHAIR 5.00 X X 0 0 0 NICOLE PECHANEC LUCK FINANCE CHAIR 5.00 X X 0 0 0 LOUISE PARZICK TRUSTEE 5.00 X 0 0 0 JULIE MEYER TRUSTEE 5.00 X 0 0 0 HEATHER WINN BOWMAN TRUSTEE 5.00 X 0 0 0 TRACY REESE TRUSTEE 5.00 X 0 0 0 CLEMENT KING TRUSTEE 5.00 X 0 0 0 TRACEY AUSTIN-GROOMS TRUSTEE 5.00 X 0 0 0 AMANDA NUSZ TRUSTEE 5.00 X 0 0 0 CARMEN BUSQUETS TRUSTEE 5.00 X 0 0 0 CHRISTOPHER VAN BERGEN CHIEF FINANCIAL OFFICER 40.00 X 0 0 0 0 0 0 68529 2630406 51024 2698935 PROGRAM SERVICE REVENU 900099 550144 550144 4475 4475 554619 108290 108290 777705 742486 35219 35219 35219 11500 68529 30742 -19242 -19242 3377821 554619 0 124267 112432 112432 41450 41450 346245 271422 25756 49067 1196098 937624 88974 169500 96447 75605 7174 13668 176567 138412 13134 25021 119931 95161 9528 15242 35115 35115 161126 135401 11383 14342 64508 62347 2161 144260 144260 6734 5738 996 14391 14391 SITE EXPENSES 326516 326516 SERVICE CHARGES 9526 9526 STATE FILING FEES 2527 2527 2853873 2202108 361768 289997 4463522 4252205 525234 522500 93112 150086 0 118531 1084426 1126062 21585 12017 6187879 6181401 58062 152941 271785 157290 750000 250000 1079847 560231 X 3428679 3947900 1679353 1673270 5108032 5621170 6187879 6181401 523948 -10810 0 X X 0 1 X 1 0 X 3613522 3908281 4095279 4212239 2698935 18528256 3613522 3908281 4095279 4212239 2698935 18528256 5870592 12657664 14086 765 44218 198454 108290 365813 18894069 5080528 0.66990 0.65420 X PART II, SHORT YEAR EXPLANATION: THIS RETURN IS FOR A SHORT YEAR FOR PERIOD 01/01/24 THROUGH 06/30/24. THE ORGANIZATION IS CHANGING THEIR TAX YEAR FROM A CALENDAR YEAR TO FISCAL YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REFUNDABLE ADVANCE 250000 250000 X 3535382 -10810 138520 29851 157561 3377821 0 3377821 3022244 138520 29851 168371 2853873 0 2853873 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, THE ORGANIZATION IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR THE PERIOD AND YEAR ENDED JUNE 30, 2024. THE ORGANIZATION FILES U.S. FEDERAL AND STATE INFORMATION RETURNS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 29,851. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 29,851. 1 AUSTRALIA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 5081 CANADA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 184 CHINA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 7458 COLUMBIA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 5709 DENMARK 0 0 PROGRAM SUPPORT PROGAM SUPPORT 5000 ETHIOPIA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 504 FRANCE 0 0 PROGRAM SUPPORT PROGAM SUPPORT 1760 GUATEMALA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 3711 HONG KONG 0 0 PROGRAM SUPPORT PROGAM SUPPORT 10000 INDIA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 7713 INDONESIA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 7000 ITALY 0 0 PROGRAM SUPPORT PROGAM SUPPORT 3000 KENYA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 21579 MEXICO 0 0 PROGRAM SUPPORT PROGAM SUPPORT 21644 MOROCCO 0 0 PROGRAM SUPPORT PROGAM SUPPORT 7610 NEPAL 0 0 PROGRAM SUPPORT PROGAM SUPPORT 1500 PERU 0 0 PROGRAM SUPPORT PROGAM SUPPORT 5000 PHILLIPINES 0 0 PROGRAM SUPPORT PROGAM SUPPORT 12449 QATAR 0 0 PROGRAM SUPPORT PROGAM SUPPORT 1105 SWITZERLAND 0 0 PROGRAM SUPPORT PROGAM SUPPORT 800 UNITED KINGDOM 0 0 PROGRAM SUPPORT PROGAM SUPPORT 5500 ZAMBIA 0 0 PROGRAM SUPPORT PROGAM SUPPORT 532 0 0 0 0 0 0 29407 105432 134839 PHILLIPINES MARKET ACCESS GRANT AND ARTISAN ACCELERATOR MICROGRANT 5750 CHECK 0 0 1 0 0 0 0 0 0 PART I, LINE 2: NEST PROVIDES SUPPORT TO GLOBAL ARTISANS, WHO RECEIVE FINANCIAL GRANTS TO ASSIST WITH INCREASING THEIR MARKET ACCESS OPPORTUNITIES. WE ALSO PROVIDE FINANCIAL GRANTS TO SUPPORT GLOBAL COMPLIANCE ASSESSMENTS. GRANTEES PROVIDE NEST'S PROGRAMMING TEAM WITH REPORTS AND UPDATES ON THE VARIOUS WAYS THEY HAVE UTILIZED THESE GRANTS. PART I, LINE 3: NEST SUPPORTS ARTISANS AND ARTISAN BUSINESSES AROUND THE WORLD. OUR NON-US ACTIVITIES CONSIST OF ON-THE-GROUND TRAINING, ASSESSMENTS, AND REMEDIATION FOR ARTISAN BUSINESSES, AS WELL AS FINANCIAL SUPPORT DIRECTLY TO GLOBAL ARTISANS. WE COMPENSATE BUSINESSES FOR PARTICIPATION IN OUR RESEARCH SURVEYS, AND PROVIDE PAYMENTS TO MEMBERS OF OUR FELOW NETWORK WHO ARE LOCATED OUTSIDE THE US. 2024 NEST IN JACKSON 71599 65099 6500 1950 5400 2024 NEST MEXICO TRIP 5250 250 5000 22501 4 3180 3180 891 80029 68529 11500 1950 28792 30742 -19242 X 1 51024 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 REBECCA VAN BERGEN, THE FOUNDER & EXECUTIVE DIRECTOR, IS MARRIED TO CHRISTOPHER VAN BERGEN, THE CHIEF FINANCIAL & OPERATIONS OFFICER. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE RECONCILES THE 990 TO THE AUDITED FINANCIALS FOR ACCURACY AND COMPLETE INFORMATION. THE 990 IS THEN SHARED WITH THE CHIEF FINANCE & OPERATIONS OFFICER FOR REVIEW, QUESTIONS AND COMMENTS. AFTER REVIEW, THE 990 IS SHARED WITH THE MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW AND FEEDBACK. FINALLY, THE VERIFIED 990 IS SHARED WITH THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS HAVE A DUTY TO DISCLOSE ANY CONFLICTS OF INTEREST THAT MIGHT EXIST. THE BOARD REVIEWS CONFLICTS ON AN ONGOING BASIS AS THEY ARE DISCLOSED. MEMBERS OF THE BOARD RECEIVE THE CONFLICT OF INTEREST POLICY AND SIGN AN AGREEMENT ANNUALLY AFFIRMING THEY HAVE READ AND UNDERSTAND POLICY AND AGREE TO COMPLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY- THIS POLICY PROVIDES A PROCESS FOR DETERMINING REASONABLE COMPENSATION OF DIRECTORS, OFFICERS AND KEY EMPLOYEES OF NEST (THE ORGANIZATION"), OTHER LISTED INDIVIDUALS AS WELL AS FAMILY MEMBERS OF THE FOREGOING. THE PROCESS INCLUDES THE FOLLOWING ELEMENTS: (1) ADVANCE APPROVAL BY THE BOARD OF DIRECTORS ("BOARD") OR COMPENSATION COMMITTEE OF THE ORGANIZATION; (2) USE OF APPROPRIATE COMPARABILITY DATA; AND (3) CONTEMPORANEOUS DOCUMENTATION. 1. ADVANCE REVIEW - BOARD OR COMPENSATION COMMITTEE SHALL REVIEW AND APPROVE COMPENSATION ARRANGEMENTS IN ADVANCE, PROVIDED THAT PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO A GIVEN COMPENSATION ARRANGEMENT DO NOT PARTICIPATE IN THE REVIEW OR APPROVAL OF SUCH COMPENSATION ARRANGEMENT. 2. COMPARABILITY DATA - TO DETERMINE REASONABLE COMPENSATION, THE BOARD OR COMPENSATION COMMITTEE SHALL OBTAIN AND RELY ON APPROPRIATE COMPARABILITY DATA, INCLUDING, BUT NOT LIMITED TO, (I) COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS; (II) THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THE ORGANIZATION; (III) CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; AND (IV) ACTUAL WRITTEN OFFERS FROM SIMILAR ORGANIZATIONS COMPETING FOR THE SERVICES OF THE PERSON. 3. CONTEMPORANEOUS DOCUMENTATION - THE BOARD OR COMPENSATION COMMITTEE SHALL CONTEMPORANEOUSLY DOCUMENT THE BASIS FOR ITS COMPENSATION DETERMINATION, INCLUDING DOCUMENTING (I) THE AGREED-UPON TERMS AND DATE OF APPROVAL; (II) THE MEMBERS OF THE BOARD OR COMPENSATION COMMITTEE WHO (A) WERE PRESENT DURING DEBATE ON THE COMPENSATION ARRANGEMENT AND (B) VOTED ON THE COMPENSATION ARRANGEMENT; (III) THE COMPARABILITY DATA OBTAINED AND RELIED UPON AND HOW SUCH DATA WAS OBTAINED; AND (IV) ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE COMPENSATION ARRANGEMENT BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD OR COMPENSATION COMMITTEE BUT HAD A CONFLICT OF INTEREST WITH RESPECT TO SUCH COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FORM 990, PART XII LINE 2C THE AUDIT PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.