Northside Economic Opportunity Network
Empowers low- to moderate-income entrepreneurs in North Minneapolis by providing business training, financial literacy, technical support, and access to small business financing. For fiscal year 2024 it reported $5.9M in revenue, $3.0M in expenses, and $18.2M in net assets.Pt I
- Founded
- 2009
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Minneapolis, MN
- Website
- www.neon-mn.org
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Warren McLean’s $224K as President is at the 73rd percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Warren McLean | $224,297 | $187,356 | — | $115,162 | $116,852 |
| Warren McLean | — | — | $151,405 | — | — |
| Stephen Obayuwana | $139,817 | $124,500 | — | — | — |
| Ann Fix | $110,714 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
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.
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.-…
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 65% | — | — |
| Overhead ratio | 22% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Revenue growth | -51% | — | — |
| Investment management fee ratio | 0.1% | — | — |
| Legal fee ratio | 0.5% | — | — |
| Accounting fee ratio | 7% | — | — |
| Fundraising fee ratio | 7% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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