NASCENT SOLUTIONS INC

EIN: 412155341 501(c)(3) International Affairs

Alexandria, VA

Total Revenue
$5,066,529
Total Expenses
$5,853,767
Total Assets
$322,700
Net Assets
$34,343
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
VA
Principal Officer
Beatrice Wamey
Phone
7033335822
Tax Period
2024-01-01 to 2024-12-31

NASCENT SOLUTIONS INC, founded in 2004, is a community nonprofit in the International Affairs sector that reported $6.6M in total revenue in fiscal year 2018. Revenue surged 202% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 21% operating margin.

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,066,529
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,066,529

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,445,902
Fundraising Expenses $32,599
Program Expenses $4,616,417
Other Expenses $3,407,865
TOTAL EXPENSES $5,853,767

Year-over-Year Comparison

2024 2023 Change
Revenue $5,066,529 $11,154,281 -0.5%
Expenses $5,853,767 $16,640,825 -0.6%
Net Income $-787,238 $-5,486,544 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
8
Independent Members
7
Employees
14
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$279,547
Total Directors
16
$290,016
Key Employees
2
$290,016
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beatrice Wamey President and CEO 40.00
Officer
$279,547 $0 $279,547
Haris Mujadidi Director of Finance and Compliance 40.00
Director Key Emp
$147,500 $0 $147,500
Patrick Gallagher Senior Director Monitoring and Eval 40.00
Director Key Emp
$142,516 $0 $142,516
Chenelle Jackson Tiana Director of Operaions 0.00
Director
$0 $0 $0
Dr Emily Rutto Technical Advisor Agriculture and S 0.00
Director
$0 $0 $0
Eugine Da Technical Advisor Education 0.00
Director
$0 $0 $0
Elvis Wamey Media and Communication Officer 0.00
Director
$0 $0 $0
Francis Kamuhanda Program Research Officer 0.00
Director
$0 $0 $0
Yaya Nghoni Gender and Inclusion Officer 0.00
Director
$0 $0 $0
Ahmad Pathan Accounting Compliance Manager 0.00
Director
$0 $0 $0
Pamela Nelson Board Member 0.00
Director
$0 $0 $0
Comfort Atanga Board Member 0.00
Director
$0 $0 $0
Dr Avis Graham Board Member 0.00
Director
$0 $0 $0
Dr Lenox Graham Board Chair 0.00
Director
$0 $0 $0
Beatrice Namata Board Member 0.00
Director
$0 $0 $0
Jude Samua Nyambi Board Member 0.00
Director
$0 $0 $0
Thomas Fongwe Board Member 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,066,529 $5,853,767 $322,700 $-787,238
2023 $11,154,281 $16,640,825 $1,036,689 $-5,486,544
2022 $14,513,852 $12,410,023 $6,860,525 $2,103,829
2021 $10,643,568 $11,069,250 $4,533,019 $-425,682
2020 $10,346,876 $6,563,537 $4,923,167 $3,783,339
2019 $4,746,884 $5,485,476 $1,000,319 $-738,592
2018 $6,570,120 $5,200,406 $1,729,225 $1,369,714
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