Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $475K paid to officers and key staff.
Warren McLean’s $224K as President is at the 73rd percentile of top reported officer pay among 2832 $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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Warren McLean | $224,297 | $187,356 | $151,405 | $115,162 | $116,852 |
| 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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers low- to moderate-income entrepreneurs in North Minneapolis by providing business training, financial literacy, technical support, and access to small business financing.
Questions for Northside Economic Opportunity Network
Your first name shows with your question. Northside Economic Opportunity Network answers here, for everyone.
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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.-…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $10.9M | $6.6M |
| InvestmentsLn 11–13 | $4.5M | $2.3M |
| Land, buildings, equipmentLn 10c | $1.8M | $970K |
| Total assetsLn 16 | $18.7M | $19.1M |
| LiabilitiesLn 26 | $3.6M | $929K |
| Net assetsLn 32 | $15.0M | $18.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $80K | $80K | ||
| Pay of current officers, directors and key staffLn 5 | $263K | $118K | $79K | $66K |
| Other salaries and wagesLn 7 | $1.1M | $808K | $179K | $86K |
| Other employee benefitsLn 9 | $298K | $239K | $37K | $22K |
| Payroll taxesLn 10 | $96K | $72K | $13K | $11K |
| Legal feesLn 11b | $16K | $16K | ||
| Accounting feesLn 11c | $205K | $205K | ||
| Professional fundraising feesLn 11e | $209K | $209K | ||
| Investment management feesLn 11f | $24K | $24K | ||
| Other fees for servicesLn 11g | $283K | $228K | $48K | $7K |
| Advertising and promotionLn 12 | $14K | $3K | $11K | |
| Office expensesLn 13 | $60K | $43K | $14K | $3K |
| Information technologyLn 14 | $66K | $47K | $16K | $3K |
| OccupancyLn 16 | $128K | $118K | $6K | $5K |
| TravelLn 17 | $3K | $2K | $230 | |
| Conferences, conventions and meetingsLn 19 | $175K | $172K | $3K | |
| InterestLn 20 | $2K | $852 | $2K | |
| Depreciation, depletion and amortizationLn 22 | $37K | $27K | $10K | |
| InsuranceLn 23 | $4K | $3K | $907 | $202 |
| Total functional expensesLn 25 | $3.0M | $2.0M | $654K | $422K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $5.9M | $3.0M | $2.8M | $18.2M | 990 PDF |
| FY2023 | $11.9M | $2.8M | $9.1M | $15.0M | 990 PDF |
| FY2022 | $3.3M | $3.4M | −$98K | $5.9M | 990 PDF |
| FY2021 | $5.3M | $1.9M | $3.4M | $6.0M | 990 PDF |
| FY2020 | $3.9M | $1.6M | $2.2M | $2.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $5,856,372 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $5,856,372 across 9 lines filed
Part IX · Statement of functional expenses $3,037,277 across 19 lines filed
Part X · Balance sheet $19,079,157 assets, 17 lines filed
Part XI · Reconciliation of net assets $18,150,093 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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