Market Entry Fund EIN 83-4587871 Form 990 (PDF) Claim this org

Market Entry Fund

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Empowers underrepresented food entrepreneurs by providing support, grants, and education to overcome industry barriers. For fiscal year 2025 it reported $86K in revenue, $215K in expenses, and $263K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Saint Paul, MN
Website
marketentryfund.org
Filings
3 on file (2023–2025)
Revenue
$86KFY2025
Expenses
$215K
Net assets
$263K
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  83-4587871 Public charity (501(c)(3)) Saint Paul, MN
Form 990 (PDF)
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Size
<$100K
What they do
Empowers underrepresented food entrepreneurs by providing support, grants, and education to overcome industry barriers.
Leadership
Kayla Yang-Best · President & CEO · $30K
Money in and out
$86K revenue, $215K expenses
Bottom line
94% program efficiency
Where the money goes · FY2025
Total revenue
$86K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$129K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.03 Fundraising $0.02
Program efficiency
94%
of spending reaches programs▲ +0.6% vs prior filing year
Operating runway
14.7mo
months of highly liquid reserves at operating expense rate▼ -34% vs prior filing year
Surplus margin
-151%
revenue over expenses, this year▼ -366% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$86K
FY2025▼ -82%
Expenses
$215K
FY2025▲ +2%
Total assets
$263K
FY2025▼ -33%
Total liabilities
$0
FY2025
Total revenue
$86K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$129K
Total assetsPt X · Ln 16$263K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarket Entry Fund
EINHdr · item D83-4587871
Principal addressHdr · item CSaint Paul, MN
WebsiteHdr · item Jmarketentryfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$30,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Kayla Yang-Best$30,000$62,500$48,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $203K of program spending, described in the organization's own filed words · FY2025.
01

1. Micro grants program, provided modest financial support to small food manufacturing businesses started by or owned by under-represented AND/OR under-resourced populations, such women, rural, AND/OR people of color - owned micro-enterprises. Activities and impact included: appx.

$203Kprogram expense
02

3. Community retail support and 100k accelerator- focused on training and learning how to enter markets with food products - going beyond the farmer's markets. Served 12 businesses and their packaged food products entered the market through our community retail model - which provides a supportive retail training (incubator) environment…

Pt IX · col B
03

3. Community retail support and 100k accelerator- focused on training and learning how to enter markets with food products for the same target population. Served 12 businesses and their packaged food products enter the market for the first time through a community retail model - which provides a supportive retail training (incubator)…

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$79K · 92%
Investment income$7K · 8%
Contributions & grants92%$79K
Investment income8%$7K
Other revenue$95
Total revenueLn 12$86K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.03 Fundraising $0.02
Program services94%$203K
Management & general3%$7K
Fundraising2%$5K
Total functional expensesLn 25$215K

Balance Sheet

Part X · end of year
CashLn 1$263K
Total assetsLn 16$263K
Total liabilitiesLn 26$0
Total net assetsLn 32$263K
Months of cash on handcomputed14.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $263K · Operating expenses/yr $215K
14.7 months
Where the money goes
Program services
Program services $203K · Total expenses $215K
94%
Management & General
Management & general $7K · Total expenses $215K
3%
Fundraising
Fundraising $5K · Total expenses $215K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $261K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $86K
92%
Government reliance
Government grants — · Total revenue $86K
Earned-income share
Program service revenue $0 · Total revenue $86K
0%
Investment reliance
Investment income $7K · Total revenue $86K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $215K
0%
Growth & trend
Revenue growth (YoY)
This year $86K · Prior year $486K
-82%
Net-asset trend (YoY)
End of year $263K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $86K · Expenses $215K
-151%
Liabilities-to-Assets
Total liabilities — · Total assets $263K
Net-asset ratio
Net assets $263K · Total assets $263K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $263K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kayla Yang-Best · Reported title PRESIDENT & CEO · Highest reported compensation $30K · Total expenses $215K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $58K · Total expenses $215K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 3%
Fundraising cost ratio 6%
Revenue growth -82%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Cla FoundationFY2024$50K
Total grants receivedfrom 5 funders$302K
See all 5 funders →
Grants paid · 2 grants · $34K · 2024–2024
Hoyo SbcFY2024$20,000
Junita's Jar LLCFY2024$14,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$86K revenue · viewing · ⤓ 990 PDF
FY2024$486K revenue · ⤓ 990 PDF
FY2023$227K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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