Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $524K paid to officers and key staff.
Beatrice Wamey’s $280K as President and CEO is at the 92nd percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Beatrice Wamey | $279,547 | $307,413 | $265,607 | $264,165 | — |
| Beatrice Wamey | $279,547 | — | — | — | — |
| Dr Beatrice Wamey | — | — | — | — | $239,205 |
| Chenelle Jackson Tiana | — | $167,309 | — | $91,480 | — |
| Patrick Gallagher | $142,516 | $159,702 | $135,526 | $138,349 | $128,610 |
| Haris Mujadidi | $147,500 | — | — | — | — |
| Dr Truphena Choti | — | — | — | — | $147,170 |
| Frehiwot Tarekegn | — | — | $123,334 | $111,329 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers Africans to build strong economies and better lives through creativity and entrepreneurship.
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Nascent implemented McGovern-Dole International Food for Education and Child Nutrition (McGovern-Dole) Program in Cameroon (USDA FFE-631-2018/011-00) funded under the United States Department of Agriculture (USDA).
Nascent implemented McGovern-Dole International Food for Education and Child Nutrition (McGovern-Dole) Program in Malawi (USDA FFE-612- 2019/008-00)funded under the United States Department of Agriculture (USDA).
Combined Smaller Projects
In 2022, Nascent also implemented the USAID International Food Relief Partnership projects in Liberia (IFRP#720BHA21FA00009)and other smaller projects. The IFRP project was implemented in Bong County in Liberia and benefited 1200 PLW and 3600 children 6 24 months old.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $219K | $16K |
| Land, buildings, equipmentLn 10c | $19K | $13K |
| Total assetsLn 16 | $4.5M | $6.9M |
| LiabilitiesLn 26 | $329K | $552K |
| Net assetsLn 32 | $4.2M | $6.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $266K | $66K | $199K | |
| Other salaries and wagesLn 7 | $2.4M | $1.6M | $753K | |
| Pension plan contributionsLn 8 | $422K | $262K | $160K | |
| Management feesLn 11a | $186K | $85K | $100K | |
| Other fees for servicesLn 11g | $4K | $4K | ||
| Advertising and promotionLn 12 | $20K | $19K | $2K | |
| OccupancyLn 16 | $293K | $228K | $64K | |
| TravelLn 17 | $1.3M | $1.3M | $13K | |
| Depreciation, depletion and amortizationLn 22 | $6K | $6K | ||
| InsuranceLn 23 | $20K | $13K | $7K | |
| All other expensesLn 24e | $7.5M | $7.2M | $278K | $149 |
| Total functional expensesLn 25 | $12.4M | $10.8M | $1.6M | $149 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $5.1M | $5.9M | −$787K | $34K | 990 PDF |
| FY2023 | $11.2M | $16.6M | −$5.5M | $822K | 990 PDF |
| FY2022 Viewing | $14.5M | $12.4M | $2.1M | $6.3M | 990 PDF |
| FY2021 | $10.6M | $11.1M | −$426K | $4.2M | 990 PDF |
| FY2020 | $10.3M | $6.6M | $3.8M | $4.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $14,513,852 across 5 lines filed
Part IX · Statement of functional expenses $12,410,023 across 11 lines filed
Part X · Balance sheet $6,860,525 assets, 15 lines filed
Part XI · Reconciliation of net assets $6,308,125 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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