NonprofitsNascent Solutions Inc

International, Foreign Affairs & National Security

Nascent Solutions Inc

ALEXANDRIA, VA

Total revenue

$11.2M

Total expenses

$16.6M

Net assets

$822K

Grants received

EIN

412155341

Tax year

2023

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.

Programs

2 programs

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). The program benefited 498,000 direct and indirect beneficiaries and 77,000 students from 106 public schools in six districts: Lilongwe, Kasungu, and Ntcheu in the Central region and Thyolo, Mulanje, and Chiradzulu in the Southern region. The beneficiaries included students and their families, teachers, school administrators, civil servants, Parent-Teacher Association (PTA) members, members of school management committees (SMCs), members of commodity management committees (CMCs), volunteer cooks, pregnant and lactating women and children aged between 5 to 36 months. The 2023 program direct cost was $2,784,431 Both Grants and Direct Costs included a Commodity Grant of $2,094,472 and indirect expense of $535,447. FFE-621- 2019/008-00

Expenses: $4.9MGrants: $4.2M

Combined Smaller Projects:In 2023, Nascent also implemented the USAID International Food Relief Partnership projects in Cameroon (72-OBHA 22FA0003)and other smaller projects 72-OBHA 22FA00009. The IFRP project was implemented in South West Region of Cameroon and benefited 8,217. The 2023 program direct cost was $126,338 and $11,306 respectively as well as indirect costs of $24,295 and $2,174 respectively

Expenses: $343KGrants: $295K

Financials

FY 2023

Revenue

Contributions & grants$11.2M
Program service revenue
Investment income
Other revenue
Total revenue$11.2M

Expenses

Grants paid
Salaries & benefits$3.6M
Fundraising$5K
Other expenses$13.1M
Total expenses$16.6M
Total assets$1.0M
Net assets$822K

People

13 listed

NameRoleCompensation

Beatrice Wamey

President and CEO

Board

$307K

40 hrs/wk

Chenelle Jackson Tiana

Director of Operaions

Board

$167K

0

Patrick Gallagher

Senior Director Monitoring an

Board

$160K

40 hrs/wk

Dr Avis Graham

Board Member

Board

0

Dr Raymond Terry

Board Member

Board

0

Dr Lenox Graham

Board Chair

Board

0

Jude Samua Nyambi

Board Member

Board

0

Beatrice Namata

Board Member

Board

0

Haris Mujadidi

Director of Finance and Compl

Board

0

Frehiwot Tarekegn

Director of Finance and Accou

Board

40 hrs/wk

Pamela Nelson

Board Member

Board

0

Comfort Atanga

Board Member

Board

0

Reverend Gerald Robinson

Board Member

Board

0

Details

EIN412155341
NTEE codeQ33
Subsection03
Ruling date2005-03
Formed2004
Employees10
NASCENT SOLUTIONS INC — Mission, Financials & Grants Received | Grantivo