Nessp Inc
- Assets
- $12.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Groton, MA
- Founding
- 04/2007
- Data as of
- 12/2022
- EIN
- 20-5288174
Organization Overview
Nessp Inc is located in Groton, MA. The organization was established in 2007. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Nessp Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nessp Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nessp Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS PROGRAMS, DISCOURSES, AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS PROGRAMS, DISCOURSES, AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siva Kandukuri President | Trustee | 4 | $0 |
Surya Kodukulla Director | Trustee | 4 | $0 |
Badari Gudivada Trustee | Trustee | 4 | $0 |
Vishwanth Krishnamoorthy Trustee | Trustee | 4 | $0 |
Nagaraj Ariga Director | Trustee | 4 | $0 |
Shashank Bellary Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,809,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,809,052 |
| Total Program Service Revenue | $0 |
| Investment income | $449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,645 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,677 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,886,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,956 |
| Payroll taxes | $18,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,675 |
| Advertising and promotion | $7,030 |
| Office expenses | $26,606 |
| Information technology | $772 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $314,613 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,610 |
| Insurance | $12,589 |
| All other expenses | $219,084 |
| Total functional expenses | $1,795,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,455,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,488 |
| Total assets | $12,292,662 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,563,668 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,563,668 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,728,994 |
| Total liabilities and net assets/fund balances | $12,292,662 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nessp Inc has recieved totaling $48,384.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,689 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,645 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $6,800 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 09/08/21 | $250 |
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