Overview
What is Nest Inc?
Nest Inc, a 501(c)(3) nonprofit organization situated in New York, New York, focuses on uplifting artisan and handcraft businesses in developing countries worldwide. By providing tailored capacity-building programs, Nest helps these enterprises become profitable and make a significant social impact. The organization has identified a network of responsible artisanal workshops with strong leadership, scalability, and the potential to alleviate poverty, empower women, or promote peace within their communities. Through a participatory model, Nest collaborates with the artisans to preserve artistic traditions while enhancing their ability to meet the capacity and quality demands of the exporting marketplace. The goal is to generate global workforce inclusivity, improve women's well-being beyond factories, and preserve cultural traditions of craft. Nest Inc employs a team of 32 individuals in its mission to foster a new handworker economy.
Official website here: www.buildanest.org
What are the reviews and ratings of this charity?
98% rating from Charity Navigator
Nest Inc has achieved a Four-Star out of Four Star rating, reflecting a strong commitment to accountability and financial transparency. With a score of 56% in Accountability & Finance and 44% in Impact & Measurement, the organization demonstrates a robust operational framework, including a fully independent board and effective oversight measures.
The charity excels in financial health, with a program expense ratio of 82.01%, indicating that a significant portion of its funds directly support its mission. Additionally, it boasts impressive metrics in fundraising efficiency and working capital, showcasing its effective management of resources and sustainability.
While the impact score is perfect at 100, signaling significant effectiveness in its mission, the slightly lower impact measurement score suggests there may be room for improvement in assessing outcomes. Overall, Nest Inc stands out for its strong governance and commitment to making a difference.
This AI summary has been generated from information found on Charity Navigator.
Is Nest Inc legitimate?
Nest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nest Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $714,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,209,543
For more financial information, click here
Official website here: www.buildanest.org
What is the mission statement of Nest Inc?
Nest Inc, a non-profit organization under IRS Section 500(C)(3), aims to establish a new handcraft economy globally. Their mission is to foster inclusivity in the global workforce, enhance women's well-being beyond factory settings, and preserve cultural traditions through craft. They achieve this by collaborating with responsible artisan businesses worldwide, providing them with customized capacity building programs to become profitable and make a significant social impact. Nest identifies artisan workshops with strong leadership, scalability, and the potential to transform their communities by alleviating poverty, empowering women, or promoting peace. Their participatory model helps artisans preserve and enhance their artistic traditions while meeting the capacity and quality demands of the exporting marketplace.
Official website here: www.buildanest.org
Who is the CEO of Nest Inc?
Christopher Van Bergen is the Executive Director of Nest Inc.
Official website here: www.buildanest.org
What is the revenue of Nest Inc?
Nest Inc's revenue in 2022 was $5,462,310.
Official website here: www.buildanest.org
Who are the executives of Nest Inc and what are their salaries?
The average compensation at Nest Inc during 2022 was $91,377. There are 32 employees and 220 volunteers at Nest Inc.
Here are 17 key members and their salaries:
- Compensation: $165,039
- Related: $0
- Other: $41,749
- Compensation: $163,304
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- Other: $30,364
- Compensation: $87,744
- Related: $0
- Other: $34,382
- Compensation: $150,996
- Related: $0
- Other: $40,957
- Compensation: $124,166
- Related: $0
- Other: $26,565
- Compensation: $0
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- Other: $0
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Official website here: www.buildanest.org
Where can I find the form 990 for Nest Inc?
Nest Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.buildanest.org
Learn more at the official website: www.buildanest.org
Mission Statement of Nest Inc
Nest Inc, a 501(c)(3) organization, is on a mission to create a new handworker economy that fosters global workforce inclusivity, enhances women's well-being beyond factory settings, and preserves the cultural traditions of crafts. By identifying and collaborating with responsible artisan businesses worldwide, Nest provides customized capacity building programs. These programs aim to transform these enterprises, enabling them to become profitable and make a significant positive social impact, either by alleviating poverty, empowering women, or promoting peace in their communities. Nest's participatory model works closely with artisans, helping them preserve and enhance their artistic traditions while increasing their ability to meet the capacity and quality demands of the exporting marketplace.
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Impact
October, 2024
Nest Inc plays a transformative role in the artisan business landscape, particularly in developing countries. By identifying and collaborating with responsible artisan businesses, Nest facilitates customized capacity-building programs that empower these enterprises to achieve profitability while generating significant social impact.
Their focus on alleviating poverty, empowering women, and promoting peace allows them to cultivate a network of artisanal workshops that can make a meaningful difference in their communities. Through a participatory model, Nest offers essential training resources, both digital and on-site, enabling artisans to improve their skills, enhance the quality of their products, and meet the demands of global markets.
Nest's commitment to inclusivity and its mission to build a new handworker economy not only improves the livelihoods of artisans but also fosters women's well-being beyond traditional factory settings. Additionally, by preserving cultural traditions of craft, Nest helps to maintain and celebrate the rich heritage of artisanal practices.
Overall, Nest Inc has established itself as a vital player in enhancing social impact and driving economic growth within the artisan sector, ultimately leading to a more inclusive and sustainable global economy.
This information is meant to be a general summary of Nest Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $44,218
- Program Service Revenue: $1,324,074
- Gross Receipts: $5,499,538
Assets and Liabilities:
- Total Assets: $6,170,653
- Total Liabilities: $1,328,575
- Net Assets: $4,842,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUES
Revenue
$1,305,492
OTHER PROGRAM REVENUE
Revenue
$18,582
Organization Details
Founding Year
2006
Phone
(215) 806-9349Principal Officer
Christopher Van Bergen
Main Address
228 PARK AVE S 70891, NEW YORK, NY, 100031502
Website
www.buildanest.orgNTEE Category
Code: Q32 - International
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