2024-10-10T19:06:05-05:00 2023-12-31 341873282 CBIZ ADVISORS LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2023-01-01 800163521 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK NORT 6123021505 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 WARREN MCLEAN PRESIDENT 6123021505 2024-09-30 1 0 BRUCE THIEL P00526510 6123397811 2024-09-30 2023 2024-10-15 13:58:12Z WARREN MCLEAN 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 11974779 0 X WWW.NEON-MN.ORG X 2009 MN BUILD WEALTH FOR LOW-TO-MODERATE INCOME ENTREPRENUERS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES 14 14 16 35 0 0 3218354 11401045 223010 220283 26137 346874 -124671 -71867 3342830 11896335 214264 416176 0 0 1096393 1370218 188459 224529 410208 1942028 761562 3441144 2772485 -98314 9123850 9703973 18678460 3786343 3636980 5917630 15041480 X NEON MISSION IS TO BUILD WEALTH FOR THE LOW TO MODERATE-INCOME ENTREPRENEURS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES. NEON ACCOMPLISHES ITS MISSION BY COLLABORATING WITH PARTNER ORGANIZATIONS TO PROVIDE TECHNICAL ASSISTANCE AND SUPPORT: ENTREPRENEUR TRAINING AND OUTREACH, FINANCIAL LITERACY, SMALL BUSINESS, AND TECHNICAL ASSISTANCE AND SUPPORT. 0 0 1834919 416176 240762 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. 70503 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. 1905422 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 108 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X WARREN MCLEAN 6123021505 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 BETH DUMKE CHAIR 1.00 X 0 0 0 TING TING NI VICE CHAIR 1.00 X 0 0 0 MELANIE GATEWOOD SECRETARY 1.00 X 0 0 0 BLAKE BERQUIST TREASURER 1.00 X 0 0 0 MARGARET MURPHY DIRECTOR 1.00 X 0 0 0 STELLA SITUMA DIRECTOR 1.00 X 0 0 0 SHANNON OLSON DIRECTOR 1.00 X 0 0 0 KB BROWN DIRECTOR 1.00 X 0 0 0 RUSSELL KNIGHTON DIRECTOR 1.00 X 0 0 0 TYLER BURKHARDT DIRECTOR 1.00 X 0 0 0 ANISSA KEYES DIRECTOR 1.00 X 0 0 0 DEBRA SPEARS DIRECTOR 1.00 X 0 0 0 TRENT BOWMAN DIRECTOR 1.00 X 0 0 0 DAVID STREIER DIRECTOR 1.00 X 0 0 0 WARREN MCLEAN PRESIDENT 40.00 X 187356 0 20740 STEPHEN OBAYUWANA SENIOR VP & COO 40.00 X 124500 0 18164 311856 0 38904 2 0 1 0 CLIFTONLARSONALLEN LLP 220 S 6TH STREET STE 300 MINNEAPOLIS MN 55411 ACCOUNTING 147447 J MURPHY & ASSOCIATES RAINMAKER LLS 2021 E HENNEPIN AVE STE 130 MINNEAPOLIS MN 55413 MARKETING 132773 2 75000 161001 209860 10955184 11401045 RENT/OFFICE SHARING 531120 196383 196383 TECHNICAL ASSISTANCE 561499 19000 19000 ADMINISTRATIVE FEES 561000 4900 4900 220283 346874 20479 326395 6577 161001 78444 -71867 -71867 11896335 240762 0 254528 416176 416176 208096 62429 52024 93643 963064 796471 123871 42722 114958 97575 13103 4280 84100 64792 9958 9350 20000 20000 159771 159771 224529 224529 17770 17770 194819 164063 14430 16326 14073 4200 1738 8135 54632 39465 12988 2179 72406 52305 17213 2888 160143 146770 7642 5731 2319 24 2295 13627 12107 1520 8256 8256 26992 26992 10651 7694 2532 425 LOAN PROVISION EXPENSE 6103 6103 2772485 1905422 456855 410208 6608963 1378904 9555182 1141585 1492111 8893 14234 1926808 171541 1013270 1755267 3618177 920284 862318 10978 2267 9703973 18678460 128435 315810 1000000 1019441 2646930 2299462 10978 2267 3786343 3636980 X 3591150 4223084 2326480 10818396 5917630 15041480 9703973 18678460 9123850 0 X 0 1 X 1 0 X 1150179 3503141 5118116 3042204 11401045 24214685 1150179 3503141 5118116 3042204 11401045 24214685 10850384 13364301 26137 326395 352532 8 5009 1167 6184 24573401 1247842 0.54390 0.69070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 191321 191321 1703310 151455 1551855 32177 20086 12091 1755267 LEASE LIABILITY 2267 2267 X 11938533 59968 59968 11878565 17770 17770 11896335 2814683 59968 59968 2754715 17770 17770 2772485 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. X X X X X X X 1 BETTER WORLD PARTNERS 370 SELBY AVE ST PAUL MN 55102 GRANT WRITING 0 6810000 92793 6717207 J MURPHY & ASSOCIATES RAINMAKER LLC 1300 GODWARD ST NE MINNEAPOLIS MN 55413 GROW AND THRIVE CONSULTANT 0 5033500 131736 4901764 11843500 224529 11618971 MN COMMUNITY CONVERSATIONS CC 4.0 167578 161001 6577 53665 13491 11288 167578 161001 6577 53665 13491 11288 78444 -71867 1 GOOD HAIR LLC 707 NORTH 42ND AVE MINNEAPOLIS MN 55412 873616013 7000 0 COVID RELIEF FOR RENT $5,000 AND STIPEND FOR BLACK BUSINESS WEEK $2,000 HOUSTON WHITE 1500 NORTH 44TH AVENUE 1500 N 44TH AVE MINNEAPOLIS MN 55412 273937939 102000 0 STIPEND FOR BLACK BUSINESS WEEK $2,000 AND GRANT TO SUPPORT IT'S MISSION $100,000 WILSONS IMAGE BARBERS & STYLISTS 2126 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 921436347 235000 0 SCHOLARSHIPS $200,000, BUSINESS AND GRANT TO SUPPORT THE PREDEVELOPMENT OF THE FIVE POINTS BUILDING $35,000 WOLFPACK PROMOTIONALS 2038 WEST BROADWAY AVE STE B MINNEAPOLIS MN 55411 465492547 18500 0 ASSISTANCE FOR ACCOUNTING SERVICES 0 4 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANTS AND ASSISTANCE, THE GRANTEES' ELIGIBILITY FOR THE GRANTS OR ASSISTANCE, AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS OR ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 WARREN MCLEAN PRESIDENT 157356 0 30000 0 0 0 7495 0 13245 0 208096 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD ELECTRONICALLY TO REVIEW PRIOR TO FILING. BOARD MEMBERS WILL HAVE APPROPRIATE TIME TO COMMENT. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OF TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. RESPONSIBLE PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS OF NEON, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE CHAIR OR THE CHAIR'S DESIGNEE ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE RESPONSIBLE PERSON KNOWS THE CONFLICT OF INTEREST. EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO A NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO NEON. EACH MEMBER OF THE BOARD OF DIRECTORS SHALL REVIEW THIS POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF COMPARABLE COMPENSATION DATA. A SELF EVALUATION BY THE EXECUTIVE DIRECTOR WITH INPUT BY BOARD MEMBERS AND A FORMAL REVIEW BY BOARD CHAIR. THE MOST RECENT COMPENSATION REVIEW WAS COMPLETED IN DECEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.