2024-11-14T17:07:16-06:00 2023-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-01-01 832642593 FRIENDS OF GLOBAL MARKET INC FRIE 6127183023 920 E LAKE STREET G10 MINNEAPOLIS MN 55407 MIHAILO TEMALI VICE PRESIDENT 6512912480 2024-11-14 1 0 DEANNA SOMVONG P03035760 6512276695 2024-11-14 2023 2024-10-15 13:58:12Z MIHAILO TEMALI 625 UNIVERSITY AVE SUITE 200 ST PAUL MN 55104 311034 0 X WWW.FRIENDSOFGLOBALMARKETORG X 2017 MN TO SUPPORT THE MIDTOWN GLOBAL MARKET AS A VITAL COMMUNITY RESOURCE THAT SUPPORTS SMALL BUSINESS, CULTURAL DIVERSITY, AND FREE/LOW-COST PROGRAMMING. 7 7 0 10 0 0 646347 260572 33224 50462 26 0 -30523 -41360 649074 269674 537374 340511 0 0 75397 110000 262 25 25 31363 141841 644396 592377 4678 -322703 348098 133405 142177 124791 205921 8614 X TO SUPPORT THE MIDTOWN GLOBAL MARKET AS A VITAL COMMUNITY RESOURCE THAT SUPPORTS SMALL BUSINESS, CULTURAL DIVERSITY, AND FREE/LOW-COST PROGRAMMING. 0 0 559350 340511 50462 MIDTOWN GLOBAL MARKET HAS OVER 32 LOCALLY-OWNED BUSINESSES, AND HAS GAINED NATIONAL ATTENTION AS A VIBRANT, CULTURAL MARKET WHERE COMMUNITIES GATHER IN MINNEAPOLIS, MINNESOTA. MIDTOWN GLOBAL MARKET IS A SPACE WHERE ENTREPRENEURS CAN BRING THEIR BUSINESS DREAMS INTO A REALITY.SINCE THE MARKET HAS A COMMUNITY DEVELOPMENT MISSION AND IS NOT IN EXISTENCE TO MAKE A PROFIT, ONE OF THE PRIMARY PARTS OF OUR MISSION IS TO TRAIN AND SUPPORT THE ENTREPRENEURS AND SMALL BUSINESSES INSIDE THE MARKET IN MANY DIFFERENT WAYS, AT NO COST TO THEM.FRIENDS OF GLOBAL MARKET SUPPORTS THE MISSION OF MIDTOWN GLOBAL MARKET BY BUILDING THE "FRIENDS" TO THE MARKET AND HELPING KEEP THE MARKET A PLACE OF RESOURCE FOR OUR SMALL BUSINESS OWNERS AND THE COMMUNITY. WE WILL HELP BUILD THE LEGACY OF THE MIDTOWN GLOBAL MARKET. 559350 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X TAMMIE NASSEFF 6512912480 625 UNIVERSITY AVENUE SAINT PAUL MN 55104 X MIKE GOZE CHAIR 1.00 X X 0 0 0 MIHAILO TEMALI VICE PRESIDENT 1.00 X X 0 0 0 ANTHONY TAYLOR BOARD MEMBER 1.00 X 0 0 0 HOWARD ORENSTEIN TREASURER 1.00 X X 0 0 0 JOHNNY BALMER BOARD MEMBER 1.00 X 0 0 0 ALEXIS MCKINNIS BOARD MEMBER 1.00 X 0 0 0 DESTINEE SHELBY BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2813 177975 79784 260572 TOURS & DEMOS 900099 22779 22779 MN STATE FAIR 900099 16504 16504 SPACE RENTAL 900099 11179 11179 50462 0 2813 41360 -41360 -41360 269674 50462 0 -41360 340511 340511 110000 88000 22000 2200 2200 25 25 15766 15766 10142 1340 8802 1697 1697 1068 1068 PUBLIC RELATIONS 55853 55853 MGM CUSTOMER PARKING 29270 29270 TOUR & DEMO EXPENSE 13731 13731 MN STATE FAIR EXPENSES 12114 12114 592377 559350 33002 25 294519 35524 49227 93471 2483 3609 6955 6154 1869 801 348098 133405 142177 124791 142177 124791 X 205921 8614 205921 8614 348098 133405 X -322703 125396 X 0 0 0 X 68302 962928 571202 646347 260572 2509351 68302 962928 571202 646347 260572 2509351 818455 1690896 26 26 6096 6096 2515473 84321 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6955 6154 801 801 1 MIDTOWN GLOBAL MARKET LLC 920 EAST LAKE STREET MINNEAPOLIS MN 55407 203036460 340511 0 OPERATING SUBSIDY 0 1 PART I, LINE 2: GRANTS ARE GIVEN TO TENANTS IN THE MIDTOWN GLOBAL MARKET LOCATED IN MINNEAPOLIS, MN. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL GOZE (BOARD SECRETARY) SERVES AS A VOLUNTEER ON THE BOARD OF DIRECTORS OF THE NEIGHBORHOOD DEVELOPMENT CENTER (NDC), A PUBLIC CHARITY, AND MIHAILO TEMALI (BOARD VICE PRESIDENT), IS THE FOUNDER AND CEO OF NDC. THE NDC BOARD SETS THE CEO COMPENSATION IN A MANNER CONSISTENT WITH RECOMMENDED COMPENSATION PRACTICES. FORM 990, PART VI, SECTION A, LINE 2 ATUM AZZAHIR (BOARD PRESIDENT) AND MIHAILO TEMALI ARE EACH A DIRECTOR AND CO-CHAIR OF THE BOARD OF MIDTOWN GLOBAL MARKET (MGM) FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY MANAGEMENT AND A COPY IS GIVEN TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: * HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY * HAS READ AND UNDERSTANDS THE POLICY * HAS AGREED TO COMPLY WITH THE POLICY * UNDERSTAND THE ORGANIZATION IS CHARITABLE AND IN IORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION CURRENTLY HAS NO EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPIN REQUEST. FORM 990, PART XI, LINE 9: SALARY FORGIVENESS FROM NDC 125,396.