Public Charity

NASCENT SOLUTIONS INC

NASCENT SOLUTIONS INC, of Alexandria, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $5.1M in revenue, $5.9M in expenses, $323K in total assets.

EIN: 412155341 Alexandria, VA International Relief NTEE: Q33 Latest filing: 2024
Total Revenue$5.1M
Total Expenses$5.9M
Total Assets$323K
Grant Records0
Filing Years2020–2024

Mission

To promote self-reliance by harnessing the creative and entrepreneurial drive of rural women and youths to problem solve, build resilient local economies, and improve the quality of life for their families and communities.

Where $100 goes at Nascent Solutions Inc

How Nascent Solutions Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$85 Programs the work itself
$15 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $85 for programs

$76
Nascent implemented McGovern-Dole International Food for Education and Child Nutrition (McGovern-Dole) Program in Malawi (USDA FFE-621- 2019/008-00)funded under the United States Department of Agriculture (USDA)
89% of program spending · Reported in the filing: 106 schools; 174,742 meals
$8
Nascent implemented McGovern-Dole International Food for Education and Child Nutrition (McGovern-Dole) Program in Cameroon USDA FFE-631-2023/014-00) to improve the literacy of school-age children, and promote good health and…
10% of program spending · Reported in the filing: 140,000 children; 260 schools
$1
Combined Smaller Projects
1% of program spending · Reported in the filing: 10,147 persons; 1,315 men; 8,832 women
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Accounting Compliance Manager Ahmad Pathan
Board Member Beatrice Namata
President and CEO Beatrice Wamey
Director of Operaions Chenelle Jackson Tiana
Board Member Comfort Atanga
Board Member Dr Avis Graham

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $5.1M $5.9M $323K
2023 $11.2M $16.6M $1.0M
2022 $14.5M $12.4M $6.9M
2021 $10.6M $11.1M $4.5M
2020 $10.3M $6.6M $4.9M

Between 2020 and 2024, reported annual revenue declined from $10.3M to $5.1M (-51%), with total assets most recently reported at $323K.

Interactive year-over-year charts and full filing details available with membership.

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