Beat together butter and cream cheese in a large bowl till smooth. Beat in sugar. Add egg, vanilla, and extracts. Mix well. Stir in the flour and baking powder.
Roll dough in balls (about the size of ping pongs).
Place on lightly greased or silpat lined cookie sheets. Make an indentation in each one using the back of a teaspoon.
Bake at 350° for 10-12 minutes. Cookies won't brown. Remove from oven and use the spoon to press down the indentation again.
Remove to cooling racks and let cool completely.
Mix coconut with a couple of drops of green food coloring in a pint sized mason jar with a lid. Cover and shake till coconut is tinted green.
Fill nests with coconut, and add a few egg candies.
Notes
You may need more or less candies depending on size.