NonprofitsNorthside Economic Opportunity Network

Community Improvement & Capacity Building

Northside Economic Opportunity Network

MINNEAPOLIS, MN

Total revenue

$5.9M

Total expenses

$3.0M

Net assets

$18.2M

Grants received

$16.0M

94 grants

EIN

800163521

Tax year

2024

Mission

Build wealth for low-to-moderate income entreprenuers in north minneapolis and surrounding communities

Programs

1 program

The destination northside coalition is a group of organizations committed to the long-term economic prosperity of north minneapolis. The destination north coalition seeks to:- transform north minneapolis into a more prosperous, healthy and thriving environment that is centered on sustaining a good quality of life for our residents.- strengthen northside business corridors as key destinations for families, individuals, stakeholders and visitors.- increase north minneapolis' visibility and viability as a destination while growing our assets and building cultural wealth through generations.

Expenses: $37K

Financials

FY 2024

Revenue

Contributions & grants$5.1M
Program service revenue$193K
Investment income$563K
Other revenue$2K
Total revenue$5.9M

Expenses

Grants paid$80K
Salaries & benefits$1.7M
Fundraising$422K
Other expenses$1.0M
Total expenses$3.0M
Total assets$19.1M
Net assets$18.2M

People

18 listed

NameRoleCompensation

WARREN MCLEAN

PRESIDENT

Board

$224K

40 hrs/wk

TING TING NI

DIRECTOR

Board

1 hrs/wk

MARGARET MURPHY

DIRECTOR

Board

1 hrs/wk

TETO WILSON

DIRECTOR

Board

1 hrs/wk

MELANIE GATEWOOD-HALL

VICE CHAIR

Board

1 hrs/wk

GLORIA FREEMAN

DIRECTOR

Board

1 hrs/wk

RUSSELL KNIGHTON

DIRECTOR

Board

1 hrs/wk

TRENT BOWMAN

CHAIRMAN

Board

1 hrs/wk

SHANNON OLSON TEKLE

DIRECTOR

Board

1 hrs/wk

BETH DUMKE

DIRECTOR

Board

1 hrs/wk

BLAKE BERQUIST

DIRECTOR

Board

1 hrs/wk

SPENCER CRONIN

DIRECTOR

Board

1 hrs/wk

DEBRA SPEARS

DIRECTOR

Board

1 hrs/wk

KB BROWN

DIRECTOR

Board

1 hrs/wk

TYLER BURKHARDT

TREASURER

Board

1 hrs/wk

DAVID STEIER

SECRETARY

Board

1 hrs/wk

STEPHEN OBAYUWANA

SENIOR VP & COO

Staff

$140K

40 hrs/wk

ANN FIX

VP BUSINESS DEVELOPMENT

Staff

$111K

40 hrs/wk

Independent contractors

MA MORTENSON COMPANY

CONSTRUCTION SERVICES

$1.3M

LSE ARCHITECTS INC

ARCHITECTURAL SERVICES

$384K

CLIFTONLARSONALLEN LLP

ACCOUNTING SERVICES

$173K

J MURPHY & ASSOCIATES RAINMAKER LLC

FUNDRAISING SERVICES

$150K

BETTERWORLD PARTNERS LLC

FUNDRAISING SERVICES

$100K

Grants received

Showing 94 of 94

FromAmountPurposeYear
$341K
PROGRAM COSTS
2024
$300K
NEON GROW AND THRIVE CAPITAL CAMPAIGN
2024
$250K
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK GENERAL OPERATIONS
2024
$200K
ECONOMIC OPPORTUNITY - HOMETOWN
2024
$150K
for general operating support
2024
$150K
for general operating support
2024
$53K
PUBLIC AFFAIRS/SOCIETY BENEFIT
2024
$50K
GENERAL OPERATIONS
2024
$50K
EQUIPMENT PURCHASES
2024
$40K
PUBLIC AFFAIRS/SOCIETY BENEFIT
2024
$25K
GENERAL SUPPORT
2024
$20K
DESTINATION NORTHSIDE COALITION GRANT TO SUPPORT COMMUNITY SAFETY EFFORTS
2024
$5K
GENERAL OPERATING SUPPORT
2024
$3K
GENERAL SUPPORT
2024
$3.2M
THE NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (NEON) WILL DEVELOP AND TEST AN INNOVATIVE BLACK FOOD BUSINESS INCUBATOR THAT SUPPORTS ENTREPRENEURS AND PROMOTES A REGENERATIVE ECONOMY IN NORTH MINNEAPOLIS. MODELED AFTER THE HATCHERY IN CHICAGO, NEON'S FACILITY WILL FURTHER INNOVATE THIS MODEL BY INCORPORATING OTHER FUNCTIONS INCLUDING ADDING A RETAIL COMPONENT TO DRIVE NORTHSIDE VISIBILITY AND VITALITY.
2023
$3M
GENERAL
2023
$1M
NEON FOOD INCUBATOR CAMPAIGN
2023
$358K
PUBLIC AFFAIRS/SOCIETY BENEFIT, DONOR-ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
2023
$250K
GENERAL OPERATING SUPPORT
2023
$200K
ECONOMIC OPPORTUNITY - HOMETOWN
2023
$100K
GENERAL OPERATING SUPPORT
2023
$75K
PROGRAM COSTS
2023
$30K
CHARITABLE DONATION
2023
$11K
PUBLIC, SOCIETAL BENEFIT
2023
$10K
COMMUNITY VITALITY
2023
$6K
GENERAL SUPPORT
2023
$5K
ECONOMIC OPPORTUNITY THROUGH ENTREPRENEURSHIP
2023
$5K
GENERAL OPERATING SUPPORT
2023
$340K
CHARITABLE DONATION
2022
$250K
GENERAL OPERATING SUPPORT FOR THE GROW AND THRIVE NORTHSIDE CAMPAIGN
2022
$150K
For general operating and capital support
2022
$130K
COMMUNITY & ECONOMIC DEVELOPMENT
2022
$100K
GENERAL OPERATING SUPPORT
2022
$75K
PROGRAM COSTS
2022
$61K
THIS ECOSYSTEM GRANT PROVIDES GENERAL OPERATING SUPPORT FOR THE NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (ON BEHALF OF THE CATALYST INITIATIVE) TO HELP ADVANCE ITS CHARITABLE MISSION
2022
$25K
HUMAN SERVICES
2022
$15K
GENERAL OPERATING SUPPORT
2022
$13K
TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION
2022
$11K
PUBLIC, SOCIETAL BENEFIT
2022
$10K
GENERAL OP SUPPORT, EQUITY, WEALTH-BUILDING
2022
$10K
COMMUNITY VITALITY
2022
$10K
GENERAL OPERATING SUPPORT
2022
$6K
GENERAL SUPPORT
2022
$850K
for general operating and capital support
2021
$850K
for general operating and capital support
2021
$95K
COMMUNITY & ECONOMIC DEVELOPMENT
2021
$75K
PROGRAM SUPPORT
2021
$75K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$50K
COMMUNITY & ECONOMIC DEVELOPMENT
2021
$30K
Operating Support
2021
$8K
TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION
2021
$5K
ECONOMIC SUSTAINABILITY GRANT
2021
$50
DOLLARS FOR DOERS
2021
$672K
EXPANDED TECHNICAL ASSISTANCE TO SMALL BUSINESS AND CONTRACTORS
2020
$628K
PROGRAM COSTS
2020
$150K
IMPACT INVESTING GRANT FOR NORTHSIDE ECONOMIC OPPORTUNITY NETWORK'S IMPACT FUND
2020
$100K
COMMITTED IN 2019 - HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT
2020
$100K
For general operating support
2020
$100K
RACIAL EQUITY
2020
$100K
For general operating support
2020
$100K
CAPACITY BUILDING AND OPERATING SUPPORT
2020
$71K
THIS ECOSYSTEM GRANT PROVIDES GENERAL OPERATING SUPPORT FOR THE NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (ON BEHALF OF THE CATALYST INITIATIVE) TO HELP ADVANCE ITS CHARITABLE MISSION
2020
$55K
GENERAL OPERATIONS
2020
$50K
For general operating support, and to help cover costs associated with CARES Act funding
2020
$50K
For general operating support, and to help cover costs associated with CARES Act funding
2020
$25K
GENERAL OPERATING SUPPORT
2020
$25K
PROGRAM SUPPORT
2020
$25K
GENERAL OPERATING SUPPORT IN RESPONSE TO COVID-19
2020
$25K
GENERAL PURPOSE
2020
$16K
General Support
2020
$15K
Capacity Building
2020
$14K
General Support
2020
$10K
GENERAL OPERATING SUPPORT
2020
$8K
GENERAL SUPPORT
2020
$5K
MULTIPLE PURPOSES
2020
$2K
For general operating support, and to help cover costs associated with CARES Act funding
2020
$2K
For general operating support, and to help cover costs associated with CARES Act funding
2020
$50K
FOR GENERAL OPERATIONS TO SERVE ENTREPRENEURS OF COLOR IN NORTH MINNEAPOLIS THROUGH THE DEVELOPMENT AND GROWTH OF SMALL BUSINESSES.
2019
$22K
NEON ORGANIZATIONAL CAPACITY - 407458
2019
$54K
PROGRAM OPERATING COSTS
2018
$50K
ENTREPRENEUR TRAINING PROGRAMS AND WORKSHOPS
2018
$20K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2018
$50K
NEON 2017 OPERATING SUPPORT - 347814
2017

Funded by

$16.0M from 34 funders · 94 grants · 2017–2024

The Bush Foundation

$3.5M · 4 grants · 2020–2023

Wem Foundation

$3M · 1 grant · 2023

The McKnight Foundation

$2.5M · 11 grants · 2020–2024

The Minneapolis Foundation

$1.5M · 10 grants · 2017–2024

Greater Twin Cities United Way

$1.2M · 5 grants · 2018–2024

Cargill Foundation

$1.1M · 2 grants · 2021–2023

Northwest Area Foundation

$875K · 5 grants · 2020–2024

Target Foundation

$600K · 4 grants · 2020–2024

Details

EIN800163521
NTEE codeS31
Subsection03
Ruling date2009-12
Formed2009
Employees15
Volunteers20
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK — Mission, Financials & Grants Received | Grantivo