Northeast Entrepreneur Fund
Also known as Entrepreneur Fund
Northeast Entrepreneur Fund reported $20.6 million in revenue and $13.6 million in expenses for calendar year 2024. Of every $100 it spent, $91.98 went to program services, $5.81 to management and general costs and $2.21 to fundraising. Its largest source of revenue was contributions and grants: 79.9% of the total. Government grants made up 34.6%. The highest compensation it reported for one person was $263,540 (CEO/PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue rose 324% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $14MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $21MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.0% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.8% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 79.9% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 34.6% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 17.1% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $263,540 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.94% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 6 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 31.9 | 6.8 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Northeast Entrepreneur Fund (ef) provides small business services and loans to business owners and aspiring entrepreneurs in its 29 county service area of minnesota and wisconsin. In 2024, total program costs of $12,502,694 were expensed to provide services to 1,856 entrepreneurs. 164 loans were disbursed to those clients to start,stabilize or expand their businesses. A total of $11.1 million in loans were approved. A majority of those were disbursed to low-income individuals or in low-income communities. Ef targets and serves underserved business owners and rural communities. The…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/PRESIDENT Officer, 40.00 hrs/week | $251,274 | $0 | $12,266 | $263,540 |
| DIR. OF BUSINESS FINANCE Highest compensated employee, 40.00 hrs/week | $156,431 | $0 | $21,424 | $177,855 |
| COO Officer, 40.00 hrs/week | $154,212 | $0 | $20,642 | $174,854 |
| CREDIT MANAGER Highest compensated employee, 40.00 hrs/week | $114,634 | $0 | $22,308 | $136,942 |
| DIR. OF ACCOUNTING AND COMPLIANCE Officer, 40.00 hrs/week | $109,668 | $0 | $22,394 | $132,062 |
| DIR. OF BUSINESS SERVICES Highest compensated employee, 40.00 hrs/week | $108,048 | $0 | $7,340 | $115,388 |
6 people received more than $100,000 in reportable compensation from Northeast Entrepreneur Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $564K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 549
- Volunteers Part I, line 619
Private foundation grants it received
1 private foundation reported grants to Northeast Entrepreneur Fund totaling $100K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Northeast Entrepreneur Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Northeast Entrepreneur Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Northeast Entrepreneur Fund spent in 2024, $91.98 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- International Child Resource InstituteBerkeley, CA · revenue $21M · programs 98.3% · FY2025
- Practical Farmers of IowaAmes, IA · revenue $21M · programs 92.8% · FY2025
- Northern MetropolitanMonsey, NY · revenue $21M · programs 86.9% · 2024
- Centers for Family DevelopmentDetroit, MI · revenue $21M · programs 96.7% · 2024
- Grant-Blackford Mental HealthMarion, IN · revenue $21M · programs 73.8% · FY2025
Questions people ask
How much of Northeast Entrepreneur Fund's spending goes to programs?
In calendar year 2024, Northeast Entrepreneur Fund reported that 92.0% of its $13.6 million in expenses went to program services, 5.8% to management and general and 2.2% to fundraising (Form 990, Part IX).
How much does Northeast Entrepreneur Fund pay its top executive?
The largest total compensation Northeast Entrepreneur Fund reported for one person in calendar year 2024 was $263,540, for the role of CEO/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Northeast Entrepreneur Fund get its money?
Of $20.6 million in revenue in calendar year 2024, 79.9% came from contributions and grants (including 34.6% from government grants) and 17.1% from program service revenue (Form 990, Part VIII).
Is Northeast Entrepreneur Fund a registered charity?
The IRS lists EIN 36-3566632 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202522759349300722 · read the filing
- 2023: Form 990 for calendar year 2023, object 202422749349301522 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343119349302744 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242939349300234 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102889349301510 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003089349300035 · read the filing
All filings for EIN 36-3566632: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.