Overview
What is Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)?
Nonprofit Enterprise and Self-Sustainability Team Inc., or Nesst, is a California-based organization situated at 5917 Jordan Avenue, El Cerrito. Its primary mission is to provide financial and capacity support to a select portfolio of social enterprises in Peru. These enterprises offer income-generating opportunities and employment to marginalized groups. Nesst adopts an engaged approach, offering tailored financing and one-on-one business development assistance to social entrepreneurs in emerging markets. Their goal is to empower these entrepreneurs and create dignified job opportunities for individuals in need. With a staff of six dedicated individuals, Nesst contributes to economic growth and social development in Peru.
Official website here: www.nesst.org
What are the reviews and ratings of this charity?
95% rating from Charity Navigator indicates that Nonprofit Enterprise And Self-Sustainability Team Inc (Nesst) is performing exceptionally well in terms of accountability and financial management. The organization has a strong accountability and finance score of 94, which reflects transparency and effective use of resources. It also demonstrates a commitment to community engagement, evidenced by a perfect score of 100 in culture and community.
Nesst has proven efficient in its financial operations, showcasing a program expense ratio of 82.30%, indicating that a significant portion of its expenses directly supports its mission. The fundraising efficiency also stands out, with a low cost of $0.05 to raise a dollar, highlighting its effective fundraising strategies. The organization maintains a well-structured governance system, with 81% of its board members being independent, ensuring diverse perspectives in decision-making.
User feedback from Great Nonprofits reinforces the organization's positive reputation, with a notable review praising the successful hosting of the SEWF 2012 conference. Overall, Nesst appears to be a well-managed nonprofit with strong financial health and community involvement, though additional user feedback could provide a more comprehensive view of its impact over time.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst) legitimate?
Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst) 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: $272,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,536,487
For more financial information, click here
Official website here: www.nesst.org
What is the mission statement of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)?
Nonprofit Enterprise and Self-Sustainability Team Inc., commonly known as Nesst, invests in social enterprises that create dignified job opportunities for individuals in need. Utilizing an engaged approach, Nesst offers tailored financing and one-on-one business development support to social entrepreneurs in emerging markets. The primary mission of Nesst is to invest in enterprises that generate income and employment opportunities for marginalized groups, thereby contributing to their self-sustainability. In support of this mission, Nesst provides capacity building and financing to a select portfolio of social enterprises in Peru.
Official website here: www.nesst.org
Who is the CEO of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)?
Nicole Etchart is the Chair of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst). The CEO's salary of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst) is $111,759 and their total compensation is $120,743.
Official website here: www.nesst.org
What is the revenue of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)?
Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)'s revenue in 2022 was $3,496,265.
Official website here: www.nesst.org
Who are the executives of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst) and what are their salaries?
The average compensation at Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst) during 2022 was $301,462. There are 6 employees and 80 volunteers at Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst).
Here are 11 key members and their salaries (Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)'s CEO's salary is $111,759 and their total compensation is $120,743):
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- Compensation: $140,595
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- Compensation: $111,759
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- Other: $8,984
Official website here: www.nesst.org
Where can I find the form 990 for Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)?
Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nesst.org
Learn more at the official website: www.nesst.org
Mission Statement of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst)
Nonprofit Enterprise and Self-Sustainability Team Inc., or Nesst, dedicates its efforts to investing in social enterprises that create dignified job opportunities for individuals in need. The organization employs an engaged approach, offering tailored financing and one-on-one business development support to social entrepreneurs in emerging markets. Nesst's mission is to empower these entrepreneurs, helping them generate income and employment opportunities for marginalized groups. Through its capacity support and financing, Nesst aims to foster a positive impact in the communities they serve, contributing to a more equitable and prosperous society.
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Impact
July, 2024
NESST invests in social enterprises that generate dignified jobs for people most in need. By providing tailored financing and one-on-one business development support to social entrepreneurs in emerging markets, NESST is able to empower marginalized groups and create income-generating opportunities. In Peru, NESST specifically focuses on providing capacity support and financing to a select portfolio of social enterprises, ultimately contributing to the economic development and social well-being of the region. Through its mission-driven approach, NESST is making a meaningful impact by promoting job creation and entrepreneurship among marginalized communities.
This information is meant to be a general summary of Nonprofit Enterprise And Self- Sustainability Team Inc (Nesst). 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: $178,049
- Program Service Revenue: $28,610
- Gross Receipts: $3,496,265
Assets and Liabilities:
- Total Assets: $7,429,191
- Total Liabilities: $2,905,207
- Net Assets: $4,523,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SELF FINANCING INCOME
Revenue
$28,610
Organization Details
Founding Year
1997
Phone
(503) 704-9195Principal Officer
Nicole Etchart
Main Address
5917 JORDAN AVENUE, EL CERRITO, CA, 94530
Website
www.nesst.orgNTEE Category
Code: Z99 - Unknown
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