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The Nest Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464279313 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is The Nest Fund Inc?

The Nest Fund Inc, located in Brooklyn, New York, is a charitable organization that focuses on contributing to the well-being of less fortunate families. They carry out their mission by providing used furniture and distributing financial assistance in the form of checks to those in need. The organization's activities encompass contributing to the betterment of families' living conditions and offering monetary support, thereby aiding in their overall financial stability.

Is The Nest Fund Inc legitimate?

The Nest Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nest Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Nest Fund Inc?

The Nest Fund Inc's mission involves contributing both used furniture and financial assistance in the form of checks to families in need. This organization's primary objective is to provide essential resources to those who are financially disadvantaged. By doing so, The Nest Fund Inc aims to alleviate some of the hardships faced by these families, contributing to their overall well-being. The organization's activities are supported by the funds it receives and the expenses it incurs while carrying out its exempt purpose.

Who is the CEO of The Nest Fund Inc?

Joyce D Silverman is the Director of The Nest Fund Inc.

What is the revenue of The Nest Fund Inc?

The Nest Fund Inc's revenue in 2022 was $246,120.

Who are the executives of The Nest Fund Inc and what are their salaries?


Here are 3 key members and their salaries:


Renee Farman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce D Silverman (Managing Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Silverman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Nest Fund Inc?

The Nest Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Nest Fund Inc

The Nest Fund Inc, as a nonprofit organization, is dedicated to making a positive impact on needy families. Their mission is twofold: they contribute used furniture to families in need, offering them essential household items to help improve their living conditions. Additionally, The Nest Fund Inc also provides financial assistance in the form of checks to families who are facing financial hardships. By offering both material and financial support, this organization aims to alleviate some of the burdens faced by those in need, thereby contributing to their overall well-being.

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Impact




October, 2024

The Nest Fund Inc significantly enhances the lives of needy families in Brooklyn, NY, by providing essential support through various means. By facilitating the donation of used furniture, the organization helps families furnish their homes, creating a more stable and comfortable living environment. In addition to in-kind support, The Nest Fund also contributes financial assistance in the form of checks to families in need, addressing immediate financial hardships and allowing them to allocate resources to other vital areas, such as education and healthcare. Through these initiatives, The Nest Fund plays a crucial role in improving the overall well-being of underserved families in the community.




This information is meant to be a general summary of The Nest Fund 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.

Revenue
$246,120 (2022)
Expenses
$247,661 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $246,120

Assets and Liabilities:

  • Total Assets: $17,493
  • Total Liabilities: $25,799
  • Net Assets: -$8,306

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Organization Details

Founding Year

2013

Principal Officer

Joyce D Silverman

Main Address

1988 E FIFTH STREET, BROOKLYN, NY, 11223

NTEE Category

Code: P20 - Human services

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