Overview
What is Nascent Solutions Inc?
Nascent Solutions Inc, located in Alexandria, Virginia, is a nonprofit organization with a team of 13 dedicated individuals. Their mission is to empower rural women and youths by fostering their creative and entrepreneurial abilities, creating self-reliant local economies, and enhancing the overall quality of life for their families and communities. This is achieved through various projects, one of which is the implementation of the McGovern-Dole International Food for Education and Child Nutrition Program in Cameroon, funded by the USDA. This project aimed to improve literacy among school-age children, encourage positive health and dietary practices, and benefited over 1.2 million individuals directly and indirectly through 240 primary schools across four regions in Cameroon. In 2022, the project had a direct cost of $4,477,302 and an indirect cost of $85,618, which included a Commodity Grant of $1,777,942.
Official website here: www.nascents.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Nascent Solutions Inc has achieved an impressive 100% rating from Charity Navigator, reflecting outstanding accountability and finance practices. This high score is based solely on their strong performance in financial accountability, showcasing the organization's commitment to transparency and responsible management of resources.
The nonprofit displays a well-functioning governance structure with 88% of its board members being independent, which is a significant strength. This independence contributes to effective oversight and ensures that decisions are made in the best interest of the organization and its beneficiaries. Additionally, their financial health is robust, with a low liabilities to assets ratio and a high percentage of expenses directed towards programs.
While the organization excels in several areas, ongoing scrutiny of its financial practices will be essential to maintain this high standard. Overall, the rating reflects Nascent Solutions Inc's dedication to ethical practices and financial stewardship, reinforcing its credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Nascent Solutions Inc legitimate?
Nascent Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nascent Solutions 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: $265,607
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,380,043
For more financial information, click here
Official website here: www.nascents.org
What is the mission statement of Nascent Solutions Inc?
Nascent Solutions Inc is dedicated to fostering self-reliance among rural women and youths by unlocking their innovative and entrepreneurial potential. Their mission is to empower these individuals to tackle local issues, establish resilient economies, and enhance the living standards of their families and communities. Through various initiatives, Nascent Solutions enables rural populations to find solutions to everyday problems, build sustainable economic structures, and ultimately, improve overall quality of life. One such initiative is the McGovern-Dole International Food for Education and Child Nutrition Program, aimed at boosting literacy and promoting positive health practices among school-age children in Cameroon. This program reached over 1 million individuals, including 765,000 students, and resulted in significant improvements in education and nutrition across four regions in the country.
Official website here: www.nascents.org
Who is the CEO of Nascent Solutions Inc?
Beatrice Wamey is the President And Ceo of Nascent Solutions Inc. The CEO's salary of Nascent Solutions Inc is $265,607 and their total compensation is $265,607.
Official website here: www.nascents.org
What is the revenue of Nascent Solutions Inc?
Nascent Solutions Inc's revenue in 2022 was $14,513,852.
Official website here: www.nascents.org
Who are the executives of Nascent Solutions Inc and what are their salaries?
The average compensation at Nascent Solutions Inc during 2022 was $203,512. There are 13 employees at Nascent Solutions Inc.
Here are 13 key members and their salaries (Nascent Solutions Inc's CEO's salary is $265,607 and their total compensation is $265,607):
- Compensation: $265,607
- Related: $0
- Other: $0
- Compensation: $135,526
- Related: $0
- Other: $0
- Compensation: $123,334
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nascents.org
Where can I find the form 990 for Nascent Solutions Inc?
Nascent Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nascents.org
Learn more at the official website: www.nascents.org
Mission Statement of Nascent Solutions Inc
Nascent Solutions Inc is a mission-driven organization that empowers rural women and youths to foster self-reliance and build thriving local economies. By harnessing their creative and entrepreneurial spirit, Nascent Solutions aims to enhance the quality of life for families and communities.
In practical terms, Nascent Solutions has demonstrated this commitment through its involvement in the McGovern-Dole International Food for Education and Child Nutrition Program in Cameroon. Funded by the United States Department of Agriculture, the program boasts impressive numbers, reaching 228,241 direct beneficiaries and over 1 million indirect beneficiaries across four regions in Cameroon. Through this program, Nascent Solutions has instigated positive change in the lives of 765,000 schoolchildren and 240 primary schools.
The organization's efforts extend beyond mere numbers. With a focus on literacy and health, Nascent Solutions has significantly contributed to improving the educational and nutritional wellbeing of countless individuals. The 2022 program saw a direct cost of $4,477,302 and an indirect cost of $85,618, including a substantial Commodity Grant of $1,777,942. Nascent Solutions' impact on the communities it serves is evident in the transformative outcomes for both the direct and indirect beneficiaries.
Nascent Solutions' goal is to ignite a fire within rural women and youths, enabling them to address challenges, innovate, and contribute to the development of their communities. By fostering self-reliance and building resilient local economies, the organization sets the stage for a brighter future for individuals and their families.
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Impact
October, 2024
Nascent Solutions Inc has made a significant impact by promoting self-reliance and enhancing the quality of life for rural women and youths. By harnessing their creativity and entrepreneurial spirit, the organization empowers local communities to effectively address challenges, build resilient economies, and make meaningful improvements to their standards of living.
Through its implementation of the McGovern-Dole International Food for Education and Child Nutrition Program in Cameroon, Nascent has directly benefited 228,241 individuals and indirectly impacted over 1 million more. This initiative not only focuses on improving literacy for school-age children but also encourages healthy dietary practices, ultimately aiming to foster a healthier and more educated population.
The reach of the program is extensive, affecting 765,000 students across 240 primary schools in four regions of Cameroon—Adamawa, East, North, and North-West. The financial investment in the 2022 program, totaling over $4.5 million, demonstrates a commitment to sustaining and expanding these impactful initiatives, which include significant food assistance support.
Overall, Nascent Solutions Inc is pivotal in transforming the lives of many, creating a ripple effect that fosters stronger communities and promotes a sustainable future through education and health.
This information is meant to be a general summary of Nascent Solutions 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.
- Gross Receipts: $14,513,852
Assets and Liabilities:
- Total Assets: $6,860,525
- Total Liabilities: $552,400
- Net Assets: $6,308,125
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Organization Details
Founding Year
2004
Principal Officer
Beatrice Wamey
Main Address
85 Bragg Street STE 500, Alexandria, VA, 22312
Website
www.nascents.orgNTEE Category
Code: Q33 - International
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