Public Charity

NORTHSIDE ECONOMIC OPPORTUNITY NETWORK

Based in MINNEAPOLIS, MN, NORTHSIDE ECONOMIC OPPORTUNITY NETWORK operates as a Public Charity. The organization reported $5.9M in revenue, $3.0M in expenses, $19.1M in total assets for fiscal year 2024. Imperigo tracks 56 reported grant relationships connected to this organization totaling approximately $5.6M.

EIN: 800163521 MINNEAPOLIS, MN Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$5.9M
Total Expenses$3.0M
Total Assets$19.1M
Grant Records56
Funding Total$5.6M
Filing Years2019–2024

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.

Where $100 goes at Northside Economic Opportunity Network

How Northside Economic Opportunity Network divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$72 Programs the work itself
$17 Management running the organization
$11 Fundraising raising the next dollar

Inside the $72 for programs

$71
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
98% of program spending · Reported in the filing: 1,920 clients; 6,036 hours of technical; 224 businesses
$1
The destination northside coalition is a group of organizations committed to the long-term economic prosperity of north Minneapolis
2% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

VP BUSINESS DEVELOPMENT Ann Fix
DIRECTOR Beth Dumke
DIRECTOR Blake Berquist
SECRETARY David Steier
DIRECTOR Debra Spears
DIRECTOR Gloria Freeman

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$4,442,740 42 grants
Economic Development
$1,021,942 6 grants
Training & Professional Development
$15,000 1 grant
Unspecified
$153,500 6 grants

Financial Trends

Year Revenue Expenses Assets
2024 $5.9M $3.0M $19.1M
2023 $11.9M $2.8M $18.7M
2022 $3.3M $3.4M $9.7M
2020 $3.9M $1.6M $4.0M
2019 $1.3M $1.3M $566K

Between 2019 and 2024, reported annual revenue grew from $1.3M to $5.9M (+338%), with total assets most recently reported at $19.1M.

Interactive year-over-year charts and full filing details available with membership.

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