2025-11-12T16:42:58-06:00 2024-12-31 941481988 BOWMAN & COMPANY LLP 10100 TRINITY PARKWAYSTE 310 STOCKTON CA 95219 990 2024-01-01 522018791 NONPROFIT ENTERPRISE AND SELF- SUSTAINABILITY TEAM INC (NESST) NONP 4157862676 3276 12TH STREET NORTH ST PETERSBURG FL 33704 CHAD SACHS CEO 4157862676 2025-11-11 1 0 TOBBIE J WELLS CPA P00174659 2094731040 2025-11-11 2024 2025-03-06 01:10:19Z CHAD SACHS 3276 12TH STREET NORTH ST PETERSBURG FL 33704 4768688 0 X WWW.NESST.ORG X 1997 FL NESST INVESTS IN SOCIAL ENTERPRISES, USING BOTH GRANTS AND IMPACT INVESTMENTS. 11 9 45 17 0 0 5383837 4230259 11691 8853 393677 667111 -4939 -139803 5784266 4766420 353492 590525 0 0 2518942 2797645 0 0 410696 985389 1284350 3857823 4672520 1926443 93900 11908162 14115895 5457735 7571568 6450427 6544327 X NESST PROVIDES CATALYTIC CAPITAL TO SOCIAL ENTERPRISES THAT CREATE QUALITY JOBS FOR UNDERSERVED COMMUNITIES WHILE SUSTAINING THE PLANET. 0 0 2142668 513874 8853 NESST PROVIDES CAPACITY SUPPORT AND GRANTS OR RECOVERABLE GRANTS THROUGH OUR ACCELERATION PROGRAMS TO SOCIAL ENTERPRISES IN LATIN AMERICA, NOTABLY BRAZIL, PERU, COLOMBIA, CHILE AND ECUADOR TO HELP PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS. MANY OF THESE GROUPS ARE OPERATING IN THE AMAZON AND ANDES AND ARE HELPING TO DEVELOP NOT ONLY WAYS TO IMPROVE THE LIVELIHOODS OF THEIR COMMUNITIES BUT ALSO CONSERVE AND PRESERVE THE ENVIRONMENT THAT IS FACING THREATS OF DEFORESTATION, NATURAL DISASTERS FROM CLIMATE CHANGE AND THREATS TO BIODIVERSITY. 802761 75351 NESST PROVIDES CAPACITY SUPPORT AND GRANTS OR RECOVERABLE GRANTS THROUGH OUR ACCELERATION PROGRAMS TO SOCIAL ENTERPRISES IN CENTRAL EASTERN EUROPE, NOTABLY IN POLAND AND ROMANIA, TO HELP PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS. MANY OF THESE GROUPS ARE HELPING MIGRANTS, PARTICULARLY FROM UKRAINE, OR THEY ARE HELPING AT RISK WOMEN AND YOUTH GAIN CRITICAL JOB TRAINING TO INTEGRATE INTO HIGHER PAYING JOB OPPORTUNITIES. 345555 1300 NESST THROUGH ITS IMPACT INVESTMENT FUNDS PROVIDES MORE APPROPRIATE, PATIENT CAPITAL AND MEZZANINE DEBT TO SUPPORT SOCIAL ENTERPRISES. IN LATIN AMERICA, THIS INVESTMENT IS DONE THROUGH THE LIRIO FUND THAT FOCUSES ON HELPING VULNERABLE RURAL COMMUNITIES IN THE ANDES AND AMAZON. IN CENTRAL EASTERN EUROPE, THIS INVESTMENT IS DONE THROUGH THE VIOLET FUND THAT FOCUSES ON S.M.E.S THAT ADOPT POLICIES TO SUPPORT VULNERABLE POPULATIONS INCLUDING PEOPLE FROM THE LGBTQIA+ COMMUNITY AND MIGRANTS, PARTICULARLY FROM UKRAINE. 115353 WORKING WITH PHILANTHROPIC SUPPORT, NESST ALSO WORKS WITH OTHER ECOSYSTEM PLAYERS TO ORGANIZE FORUMS AND EVENTS TO PROMOTE SOCIAL ENTREPRENEURSHIP AND ENCOURAGE INNOVATION AMONG ENTERPRENEURS, DONORS AND POLICY MAKERS TO ASSIST IN MAKING SOCIAL ENTERPRISES MORE FINANCIALLY SUSTAINABLE. 115353 3406337 1 1 0 0 0 0 0 1 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 2 0 1 45 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 FL X THE ORGANIZATION 4157862676 3276 12TH STREET NORTH ST PETERSBURG FL 33704 KIRSTEN DUECK CEO (THRU 4/25) 60.00 X X 187088 0 49585 NICOLE ETCHART FOUNDER & SENIOR ADVISOR 60.00 X X 100966 0 20938 MERVYN DAVIES CHAIR 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 (THRU 12/24) 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 BRIAN WARDROP TREASURER (THRU 12/24) 0.70 X X 0 0 0 CHAD ADAM SACHS CEO (EFF 4/25) 60.00 X X 68389 0 4116 356443 0 74639 2 0 1 0 0 69000 722166 3439093 4230259 SELF FINANCING INCOME 541610 8853 8853 8853 669379 669379 2268 -2268 -2268 -2268 FOREIGN CURRENCY LOSS 900099 -139803 -139803 -139803 4766420 8853 0 527308 1300 1300 589225 589225 431081 153705 123671 153705 2366564 1863451 274240 228873 124407 51806 72601 66503 66503 226790 205101 18660 3029 175945 166001 3674 6270 30298 19285 10771 242 48582 31849 16733 264965 175119 82042 7804 25539 14492 1061 9986 165895 165895 15323 15323 EVENT SUPPLIES & PHOTOS 104477 92600 11228 649 LOAN LOSS RESERVE 12050 12050 23576 15030 8408 138 4672520 3406337 855487 410696 6583956 1161035 6588641 96306 22949 5112389 6206909 25766 45632 90993 42015 49247 48978 40498 41751 11908162 14115895 167917 252190 3465 4360928 6185133 928890 1130780 5457735 7571568 X 1694180 2668571 4756247 3875756 6450427 6544327 11908162 14115895 93900 0 X X 0 1 X 1 0 X 2608741 3540396 3315117 5383837 4230259 19078350 2608741 3540396 3315117 5383837 4230259 19078350 8578347 10500003 62261 85812 178049 393666 669379 1389167 -36284 -67444 -25511 -4939 -139803 -273981 20193536 107744 0.52000 0.49900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FOREIGN CURRENCY GAIN LOSS - 2020 AMOUNT: $ -36,284. 2021 AMOUNT: $ -67,444. 2022 AMOUNT: $ -25,511. 2023 AMOUNT: $ -4,939. 2024 AMOUNT: $ -139,803. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 31500 X FINANCIAL GAIN 0 90993 42015 48978 48978 FORGIVABLE LOAN 1130780 1130780 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. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 0 LATIN AMERICA - BRAZIL, CHILE, COLOMBIA, PERU 1 37 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION SELECTION OF SOCIAL ENTERPRISES TO BE INVESTED; INVESTMENTS OF PATIENT CAPITAL IN FORM OF GRANTS, RECOVERABLE GRANTS AND LOANS; CAPACITY BUILDING SUPPORT AND ACCESS TO A NETWORK OF EXTERNAL MENTORS. 1616230 EUROPE - POLAND, ROMANIA 2 10 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION SELECTION OF SOCIAL ENTERPRISES TO BE INVESTED; INVESTMENTS OF PATIENT CAPITAL IN FORM OF GRANTS, RECOVERABLE GRANTS AND LOANS; CAPACITY BUILDING SUPPORT AND ACCESS TO A NETWORK OF EXTERNAL MENTORS. 653938 3 47 0 0 3 47 2270168 0 2270168 LATIN AMERICA - BRAZIL, CHILE, COLOMBIA, PERU TO HELP OTHER SOCIAL ENTERPRISE ORGANIZATIONS BECOME SELF-SUSTAINING. 513874 WIRE TRANSFERS 0 EUROPE - POLAND, ROMANIA TO HELP PROVIDE INCOME-GENERATION AND EMPLOYMENT OPPORTUNITIES TO MARGINALIZED GROUPS. 75351 WIRE TRANSFERS 0 24 13 0 0 0 0 0 0 PART I, LINE 2: THE GRANTS MANAGEMENT PROCESS BEGINS WITH THE APPLICATION AND DUE DILIGENCE PHASES, LED BY NESST PORTFOLIO MANAGERS AND COUNTRY DIRECTORS. THEY CONDUCT DUE DILIGENCE AND PREPARE THE INVESTMENT PROPOSAL FOR THE INVESTMENT COMMITTEE (IC). THE ACCELERATION DIRECTOR MANAGES THE IC, SETTING ITS DATES, INVITING MEMBERS, AND ESTABLISHING DEADLINES. A KEY PREREQUISITE FOR SCHEDULING AN IC MEETING IS CONFIRMING THAT THE FUNDS ARE AVAILABLE IN NESST'S BANK ACCOUNT AND THAT THEIR USE HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. FOR REINVESTMENTS OR REVOLVING CREDITS, SPECIFIC GUIDELINES ARE FOLLOWED, WITH THE ACCELERATION DIRECTOR HAVING THE AUTHORITY TO APPROVE SUBSEQUENT REVOLVING CREDITS WITHOUT A FULL IC REVIEW. FOLLOWING THE APPLICATION, THE APPROVAL PHASE INVOLVES THE PORTFOLIO TEAM PRESENTING A FORMAL INVESTMENT MEMO TO THE ACCELERATION DIRECTOR, WHO RECOMMENDS ADJUSTMENTS. THE CASE IS THEN PRESENTED TO THE IC, WHICH MAKES THE FINAL RECOMMENDATION TO APPROVE OR DENY THE INVESTMENT. FOR CERTAIN CONTRACTS, THIS DECISION MAY REQUIRE VALIDATION FROM A DONOR OR PARTNER OR NESST CEO AND NESST BOD BEFORE MOVING FORWARD. ONCE APPROVED, THE ACCELERATION DIRECTOR PROVIDES THE NECESSARY LEGAL DOCUMENTS, INCLUDING THE MEMORANDUM OF UNDERSTANDING (MOU) AND DISBURSEMENT MEMOS, FOR THE PORTFOLIO TEAM TO PROCEED. THE FINAL STAGE INVOLVES REQUESTING THE FUNDS AND MANAGING FINANCIAL REPORTING. PORTFOLIO OR COUNTRY DIRECTORS SUBMIT THE REQUIRED APPROVED DOCUMENTATION TO THE NESST GLOBAL FINANCE TEAM TO REQUEST THE DISBURSEMENT OF GRANT FUNDS. THE FINANCE TEAM VERIFIES ALL DOCUMENTS, ENSURING MOUS ARE IN ENGLISH AND CONTAIN CLEAR INVESTMENT RULES. ALL PAYMENTS AND REPAYMENTS ARE REPORTED TO THE FINANCE TEAM, WHICH RECORDS THEM IN THE FINANCIAL SYSTEM. THE ACCELERATION DIRECTOR THEN RECEIVES QUARTERLY UPDATES ON THIS FINANCIAL DATA FROM THE GLOBAL FINANCE TEAM TO MONITOR THE INVESTMENTS. X X X X 0 0 0 0 0 0 0 0 0 KIRSTEN DUECK CEO (THRU 4/25) 187088 0 0 0 0 0 30000 0 19585 0 236673 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 224618 6759086