Program areas at Northside Economic Opportunity Network
In 2023 neon served 1,427 clients, provided 6,157 hours of technical assistance, approved and/or disbursed $722,500 in loans to businesses. We helped start 229 businesses, created 217 jobs, and retained 381 jobs. We conducted 11 thinking about business and food 101 workshops. We launched the food industry cohort series and we held 8 events. 90 percent of neon clients are bipoc and 80 percent are african american.
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.- strengthen Northside business corridors as key destinations for families, individuals, stakeholders and visitors.- increase north minneapolis' visibility and viability as a destination while growing our assets and building cultural wealth through generations.
Who funds Northside Economic Opportunity Network
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
Bush Foundation | 2023-12 | The Northside Economic Opportunity Network (Neon) Will Develop and Test An Innovative Black Food Business Incubator That Supports Entrepreneurs and Promotes A Regenerative Economy in North Minneapolis. Modeled After the Hatchery in Chicago, Neon's Facility Will Further Innovate This Model By Incorporating Other Functions Including Adding A Retail Component To Drive Northside Visibility and Vitality. | $3,200,000 |
WEM Foundation | 2023-12 | General | $3,000,000 |
Charities Aid Foundation of America | 2023-04 | Charitable Donation | $340,000 |
...and 20 more grants received totalling $7,525,762 |
Personnel at Northside Economic Opportunity Network
Name | Title | Compensation | Date of data |
---|
Stephen Obayuwana | Senior Vice President and Chief Operating Officer | $124,500 | 2024-11-07 |
Ann Fix | Vice President of Business Development | | 2024-11-07 |
Phillip Conley Jr | Director of Marketing and Communications | | 2024-11-07 |
Patrick Wilson | Director of Development | | 2024-11-07 |
Tina Thomas | Office Manager and Neon Spaces | | 2024-11-07 |
...and 1 more key personnel |
Financials for Northside Economic Opportunity Network
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $11,401,045 | $3,218,354 | 254.3% |
Program services | $220,283 | $223,010 | -1.2% |
Investment income and dividends | $346,874 | $26,137 | 1227.1% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $-71,867 | $-124,671 | 42.4% |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $11,896,335 | $3,342,830 | 255.9% |
Organizations like Northside Economic Opportunity Network
Organization | Type | Location | Revenue |
---|
Local First Arizona Foundation | 501(c)(3) | Phoenix, AZ | $12,939,628 |
Urban League of Greater Oklahoma City | 501(c)(3) | Oklahoma City, OK | $3,174,210 |
Lansdowne Up | 501(c)(3) | East Saint Louis, IL | $7,351,435 |
Warriors | 501(c)(3) | Youngstown, OH | $4,191,894 |
Initiating Change in Our Neighborhoods Community Development Corporation | 501(c)(3) | Pacoima, CA | $4,036,369 |
Eastside Community Network | 501(c)(3) | Detroit, MI | $3,617,526 |
Washington Area Community Investment Fund | 501(c)(3) | Washington, DC | $7,616,507 |
Valley Partners | 501(c)(3) | Youngstown, OH | $8,153,238 |
World Business Chicago | 501(c)(3) | Chicago, IL | $13,132,683 |
Common Wealth Development | 501(c)(3) | Madison, WI | $3,480,272 |
Data update history
December 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 28, 2024
Used new vendors
Identified 2 new vendors, including , and
November 26, 2024
Received grants
Identified 4 new grant, including a grant for $3,000,000 from WEM Foundation November 7, 2024
Updated personnel
Identified 7 new personnel
August 25, 2024
Received grants
Identified 3 new grant, including a grant for $30,000 from DV Foundation Nonprofit Types
Civic / social organizationsBusiness and community development organizationsCharities
Issues
Human rightsCommunity improvementEconomic development
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 1007 W Broadway Ave N
- Minneapolis, MN 55411
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- County
- Hennepin County, MN
- Website URL
- neon-mn.org/Â
- Phone
- (612) 302-1505
IRS details
- EIN
- 80-0163521
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2009
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 813410: Civic and Social Organizations
- Parent/child status
- Independent
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