Home › Community improvement & capacity building
Northside Economic Opportunity Network
Northside Economic Opportunity Network reported $5.9 million in revenue and $3.0 million in expenses for calendar year 2024. Of every $100 it spent, $64.58 went to program services, $21.52 to management and general costs and $13.90 to fundraising. Its largest source of revenue was contributions and grants: 87.0% of the total. Government grants made up 10.1%. The highest compensation it reported for one person was $262,756 (PRESIDENT). 3 people received more than $100,000 in reportable compensation. Revenue rose 338% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $3.0MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 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 $5.9MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 64.6% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.5% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 13.9% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 87.0% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.1% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.3% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $262,756 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 8.65% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 3 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 71.7 | 9.2 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 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 expenseIn 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. We launched the food industry cohort series and we held 4-8 events. Neon also broke ground for the construction of the neon collective kitchens building, a food business incubator and commercial kitchen facility. 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
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 |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $224,297 | $0 | $38,459 | $262,756 |
| SENIOR VP & COO Highest compensated employee, 40.00 hrs/week | $139,817 | $0 | $20,687 | $160,504 |
| VP BUSINESS DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $110,714 | $0 | $25,218 | $135,932 |
3 people received more than $100,000 in reportable compensation from Northside Economic Opportunity Network (Part VII, line 2). Compensation of current officers, directors and key employees totaled $263K (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–1b15 · 15 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 515
- Volunteers Part I, line 620
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| LSE ARCHITECTS INC Architectural services | $383,550 |
| CLIFTONLARSONALLEN LLP Accounting services | $173,306 |
| J MURPHY & ASSOCIATES RAINMAKER LLC Fundraising services | $149,669 |
| BETTERWORLD PARTNERS LLC Fundraising services | $100,049 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
16 private foundations reported grants to Northside Economic Opportunity Network totaling $7.9M 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 Northside Economic Opportunity Network's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Northside Economic Opportunity Network, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Northside Economic Opportunity Network spent in 2024, $64.58 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- P33Chicago, IL · revenue $5.8M · programs 78.4% · FY2025
- Civic Hall LabsNew York, NY · revenue $6.4M · programs 95.8% · FY2025
- United Housing ConnectionsGreenville, SC · revenue $5.6M · programs 89.5% · FY2025
- St Clair County Community Action AgencyBelleville, IL · revenue $7.8M · programs 89.8% · 2024
- Lower Roxbury Community CorporationRoxbury, MA · revenue $5.2M · programs 99.3% · 2025
All community improvement & capacity building charities · Largest charities in Minnesota
Questions people ask
How much of Northside Economic Opportunity Network's spending goes to programs?
In calendar year 2024, Northside Economic Opportunity Network reported that 64.6% of its $3.0 million in expenses went to program services, 21.5% to management and general and 13.9% to fundraising (Form 990, Part IX).
How much does Northside Economic Opportunity Network pay its top executive?
The largest total compensation Northside Economic Opportunity Network reported for one person in calendar year 2024 was $262,756, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Northside Economic Opportunity Network get its money?
Of $5.9 million in revenue in calendar year 2024, 87.0% came from contributions and grants (including 10.1% from government grants) and 3.3% from program service revenue (Form 990, Part VIII).
Is Northside Economic Opportunity Network a registered charity?
The IRS lists EIN 80-0163521 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 202532749349300013 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442849349302034 · read the filing
- 2022: Form 990 for calendar year 2022, object 202331929349301653 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203159349307215 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133159349301858 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349301866 · read the filing
All filings for EIN 80-0163521: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.