Nonprofit · EIN 80-0163521
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
Tax-exempt · MINNEAPOLIS, MN 55411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,856,372 | $3,037,277 | $2,819,095 | $19,079,157 | $929,064 | $18,150,093 |
| December 31, 2023 | 990 | $11,896,335 | $2,772,485 | $9,123,850 | $18,678,460 | $3,636,980 | $15,041,480 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,097,933
- of which government grants
- $589,559
- Program service revenue
- $193,064
- Investment income
- $563,321
- Net gain from sales of assets
- -$141
- Other revenue
- $2,054
Expenses
- Grants and similar amounts paid
- $79,646
- Compensation of officers, directors and key employees
- $262,756
- Other salaries and wages
- $1,072,604
- Salaries, compensation and benefits (total)
- $1,729,264
- Professional fundraising fees
- $208,920
- Legal fees
- $16,000
- Accounting fees
- $205,315
- Occupancy
- $128,392
- Travel
- $2,511
- Depreciation
- $37,433
- Program services (functional)
- $1,961,574
- Management and general (functional)
- $653,663
- Fundraising (functional)
- $422,040
Balance sheet and other
- Total assets, start of year
- $18,678,460
- Total assets, end of year
- $19,079,157
- Total liabilities, end of year
- $929,064
- Net assets, end of year
- $18,150,093
- Land, buildings and equipment
- $969,586
- Publicly traded securities
- $2,264,417
- Net assets without donor restrictions
- $5,967,674
- Net assets with donor restrictions
- $12,182,419
- Gross receipts
- $7,356,513
- Employees
- 15
- Volunteers
- 20
- Year formed
- 2009
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WARREN MCLEAN | PRESIDENT Officer | 40 | $224,297 | $38,459 |
| STEPHEN OBAYUWANA | SENIOR VP & COO Highest-paid employee | 40 | $139,817 | $20,687 |
| ANN FIX | VP BUSINESS DEVELOPMENT Highest-paid employee | 40 | $110,714 | $25,218 |
| TRENT BOWMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TYLER BURKHARDT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID STEIER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TING TING NI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGARET MURPHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TETO WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELANIE GATEWOOD-HALL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GLORIA FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSSELL KNIGHTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KB BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON OLSON TEKLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH DUMKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BLAKE BERQUIST | DIRECTOR Trustee or director | 1 | $0 |
| SPENCER CRONIN | DIRECTOR Trustee or director | 1 | $0 |
| DEBRA SPEARS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WARREN MCLEAN | PRESIDENT Officer | 40 | $187,356 | $20,740 |
| STEPHEN OBAYUWANA | SENIOR VP & COO Highest-paid employee | 40 | $124,500 | $18,164 |
| BETH DUMKE | CHAIR Institutional trustee | 1 | $0 | $0 |
| TING TING NI | VICE CHAIR Institutional trustee | 1 | $0 | $0 |
| MELANIE GATEWOOD | SECRETARY Institutional trustee | 1 | $0 | $0 |
| BLAKE BERQUIST | TREASURER Institutional trustee | 1 | $0 | $0 |
| MARGARET MURPHY | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| STELLA SITUMA | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| SHANNON OLSON | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| KB BROWN | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| RUSSELL KNIGHTON | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| TYLER BURKHARDT | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| ANISSA KEYES | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| DEBRA SPEARS | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| TRENT BOWMAN | DIRECTOR Institutional trustee | 1 | $0 | $0 |
| DAVID STREIER | DIRECTOR Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1007 W BROADWAY AVE, MINNEAPOLIS, MN 55411-2503
- In care of
- % AMANDA GOLLY
- Principal officer (990 for 2024)
- WARREN MCLEAN, 1007 WEST BROADWAY AVE N, MINNEAPOLIS, MN 55411
- Signed the 990
- WARREN MCLEAN, PRESIDENT
- Phone
- (612) 302-1505
- Website
- WWW.NEON-MN.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
NEON MISSION IS TO BUILD WEALTH FOR THE LOW TO MODERATE-INCOME ENTREPRENEURS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES. NEON ACCOMPLISHES ITS MISSION BY COLLABORATING WITH PARTNER ORGANIZATIONS TO PROVIDE TECHNICAL ASSISTANCE AND SUPPORT: ENTREPRENEUR TRAINING AND OUTREACH, FINANCIAL LITERACY, SMALL BUSINESS, AND TECHNICAL ASSISTANCE AND SUPPORT.
Program accomplishments
- IN 2024 NEON SERVED 1,920 CLIENTS, PROVIDED 6,036 HOURS OF TECHNICAL ASSISTANCE, APPROVED AND/OR DISBURSED $1,050,000 IN LOANS TO BUSINESSES. WE HELPED START 224 BUSINESSES, CREATED 225 JOBS, AND RETAINED 718 JOBS. WE CONDUCTED 22 THINKING ABOUT BUSINESS AND FOOD 101 WORKSHOPS. WE LAUNCHED THE FOOD INDUSTRY COHORT SERIES AND WE HELD 4-8 EVENTS. NEON ALSO BROKE GROUND FOR THE CONSTRUCTION OF THE NEON COLLECTIVE KITCHENS BUILDING, A FOOD BUSINESS INCUBATOR AND COMMERCIAL KITCHEN FACILITY. 90 PERCENT OF NEON CLIENTS ARE BIPOC AND 80 PERCENT ARE AFRICAN AMERICAN.Expenses $1,924,768 · grants $79,646 · revenue $193,064
- 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 $36,806
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0163521
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $19,079,157
- Income (IRS master file)
- $7,356,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,856,372 | $3,037,277 | $19,079,157 | XML |
| 990 | December 2023 | $11,896,335 | $2,772,485 | $18,678,460 | XML |
| 990 | December 2022 | $3,342,830 | $3,441,144 | $9,703,973 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0163521).
Questions about NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
- What is the EIN of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK?
- The employer identification number (EIN) of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK is 80-0163521.
- Is NORTHSIDE ECONOMIC OPPORTUNITY NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to NORTHSIDE ECONOMIC OPPORTUNITY NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHSIDE ECONOMIC OPPORTUNITY NETWORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHSIDE ECONOMIC OPPORTUNITY NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK?
- The 990 for the year ended December 31, 2024 names WARREN MCLEAN.
- Who are the officers and directors of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK?
- The 990 for the year ended December 31, 2024 lists 18 people; 3 received compensation from the organization, the highest $224,297 (WARREN MCLEAN, PRESIDENT).
- How much revenue does NORTHSIDE ECONOMIC OPPORTUNITY NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,856,372, expenses of $3,037,277 and total assets of $19,079,157 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building