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Nonprofit · EIN 83-2642593

FRIENDS OF GLOBAL MARKET INC

Tax-exempt · MINNEAPOLIS, MN 55407

Financials

$270K$592K2023$224K$383K2024$647K$441K2025
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF GLOBAL MARKET INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$646,641$441,052$205,589$279,976$11,466$268,510
December 31, 2024990$223,712$382,676-$158,964$68,311$5,390$62,921
December 31, 2023990$269,674$592,377-$322,703$133,405$124,791$8,614
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$586,753
of which government grants
$92,700
Program service revenue
$39,810
Investment income
$0
Net income from fundraising events
-$87,922
Other revenue
$20,078

Expenses

Grants and similar amounts paid
$166,187
Other salaries and wages
$110,000
Salaries, compensation and benefits (total)
$110,000
Professional fundraising fees
$28,620
Accounting fees
$2,125
Occupancy
$13,218
Program services (functional)
$384,302
Management and general (functional)
$28,130
Fundraising (functional)
$28,620

Balance sheet and other

Total assets, start of year
$68,311
Total assets, end of year
$279,976
Total liabilities, end of year
$11,466
Net assets, end of year
$268,510
Net assets without donor restrictions
$268,510
Gross receipts
$734,563
Employees
0
Volunteers
0
Year formed
2017
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
DANIEL FEHRENKAMPCHAIR
Trustee or director, Officer
1$0
ANTHONY TAYLORBOARD MEMBER
Trustee or director
1$0
ALEXIS MCKINNISTREASURER
Trustee or director, Officer
1$0
JOHNNY BALMERBOARD MEMBER
Trustee or director
1$0
YUSRA MOHAMUDBOARD MEMBER
Trustee or director
1$0
DESTINEE SHELBYBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
DANIEL FEHRENKAMPCHAIR
Trustee or director, Officer
1$0
ANTHONY TAYLORBOARD MEMBER
Trustee or director
1$0
ALEXIS MCKINNISTREASURER
Trustee or director, Officer
1$0
JOHNNY BALMERBOARD MEMBER
Trustee or director
1$0
YUSRA MOHAMUDBOARD MEMBER
Trustee or director
1$0
DESTINEE SHELBYBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
MIKE GOZECHAIR
Trustee or director, Officer
1$0
MIHAILO TEMALIVICE PRESIDENT
Trustee or director, Officer
1$0
ANTHONY TAYLORBOARD MEMBER
Trustee or director
1$0
HOWARD ORENSTEINTREASURER
Trustee or director, Officer
1$0
JOHNNY BALMERBOARD MEMBER
Trustee or director
1$0
ALEXIS MCKINNISBOARD MEMBER
Trustee or director
1$0
DESTINEE SHELBYBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
920 E LAKE ST STE G10, MINNEAPOLIS, MN 55407-3588
Mailing address (990-N for 2019)
920 East Lake Street Suite G10, Minneapolis MN 55407
Principal officer (990 for 2025)
ALEXIS MCKINNIS, 625 UNIVERSITY AVE SUITE 200, ST PAUL, MN 55104
Principal officer (990-N for 2019)
Atum Azzahir, 920 East Lake Street Suite G10, Minneapolis MN 55407
Signed the 990
ALEXIS MCKINNIS, TREASURER
Phone
(612) 718-3023
Return prepared by
MAHONEY ULBRICH CHRISTIANSEN & RUSS PA

Mission

TO SUPPORT THE MIDTOWN GLOBAL MARKET AS A VITAL COMMUNITY RESOURCE THAT SUPPORTS SMALL BUSINESS, CULTURAL DIVERSITY, AND FREE/LOW-COST PROGRAMMING.

990 for the year ended December 31, 2025

Program accomplishments

  • 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.
    Expenses $384,302 · grants $166,187 · revenue $147,810

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-2642593
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
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$279,976
Income (IRS master file)
$734,563

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$646,641$441,052$279,976XML
990December 2024$223,712$382,676$68,311XML
990December 2023$269,674$592,377$133,405XML
990December 2022$649,074$644,396$348,098IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2019
Officer: Atum Azzahir
December 31, 2019≤ $50,000 receipts––e-Postcard

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 83-2642593).

Questions about FRIENDS OF GLOBAL MARKET INC

What is the EIN of FRIENDS OF GLOBAL MARKET INC?
The employer identification number (EIN) of FRIENDS OF GLOBAL MARKET INC is 83-2642593.
Is FRIENDS OF GLOBAL MARKET INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to FRIENDS OF GLOBAL MARKET INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF GLOBAL MARKET INC 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 FRIENDS OF GLOBAL MARKET INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRIENDS OF GLOBAL MARKET INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of FRIENDS OF GLOBAL MARKET INC?
The 990 for the year ended December 31, 2025 names ALEXIS MCKINNIS.
Who are the officers and directors of FRIENDS OF GLOBAL MARKET INC?
The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does FRIENDS OF GLOBAL MARKET INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $646,641, expenses of $441,052 and total assets of $279,976 at year end.

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