NonprofitsMarket Entry Fund

Market Entry Fund

SAINT PAUL, MN

Total revenue

$486K

Total expenses

$211K

Net assets

$392K

Grants received

$732K

12 grants

EIN

834587871

Tax year

2024

Mission

The market entry (tmef) aims to advance inclusion in local food supply chains. Our mission is to enable traditionally marginalized and underrepresented entrepreneurs who are in food production and manufacturing, to participate equitably in this industry. Specifically, tmef provides technical supports and services, along with micro-grants, and public education/awareness to help small-scale food and beverage manufacturers work through racial, social and economic barriers to their participation and potential in this industry.

Programs

2 programs

2. Structured network services = providing business and technical assistance to small food manufacturing businesses, included the following activities and impact: at least 13 site visits to measure challenges and needs of small food manufacturing businesses; 1 survey to collect data of existing support services, 4 planning meetings, 1 event focused on business assistance, specifically on financial management, ten (10) small businesses served.

3. Community retail support and 100k accelerator- focused on training and learning how to enter markets with food products - going beyond the farmer's markets. Served 12 businesses and their packaged food products entered the market through our community retail model - which provides a supportive retail training (incubator) environment for small food makers to learn and grow. Supported an additional 50 local makers through community retail - in which retail support resulted in higher prices for the maker; and entry into more grocery store shelves and distribution to other multiple states.

Financials

FY 2024

Revenue

Contributions & grants$476K
Program service revenue
Investment income$5K
Other revenue$5K
Total revenue$486K

Expenses

Grants paid$85K
Salaries & benefits$86K
Fundraising$5K
Other expenses$40K
Total expenses$211K
Total assets$392K
Net assets$392K

People

5 listed

NameRoleCompensation

KAYLA YANG-BEST

PRESIDENT & CEO

Board

$63K

36 hrs/wk

BRENDAN KURVERS

BOARD CHAIR

Board

1 hrs/wk

MALA THAO

TREASURER

Board

1 hrs/wk

TERRI BARREIRO

DIRECTOR

Board

1 hrs/wk

LORRENE OCCHINO

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$50K
GENERAL OPERATING
2024
$50K
ECONOMIC OPPORTUNITY - HOMETOWN
2024
$3K
GENERAL SUPPORT
2024
$100K
GENERAL SUPPORT
2023
$49K
FISCAL SPONSORSHIP
2023
$30K
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
2023
$260K
FISCAL SPONSORSHIP
2022
$50K
GENERAL SUPPORT
2022
$45K
FISCAL SPONSORSHIP
2021
$55K
Fiscal Sponsorship Program
2020
$10K
FISCAL SPONSORSHIP PROGRAM
2019

Funded by

$732K from 7 funders · 12 grants · 2019–2024

Propel Nonprofits

$419K · 5 grants · 2019–2023

Mary T And James J Hill Library

$150K · 2 grants · 2022–2023

Target Foundation

$50K · 1 grant · 2024

Cla Foundation

$50K · 1 grant · 2024

The Minneapolis Foundation

$30K · 1 grant · 2024

Saint Paul & Minnesota Foundation

$30K · 1 grant · 2023

Rooted Philanthropic

$3K · 1 grant · 2024

Details

EIN834587871
Subsection03
Ruling date2023-04
Formed2019
Employees3
Volunteers12
MARKET ENTRY FUND — Mission, Financials & Grants Received | Grantivo