2025-10-01T08:43:03-05:00 2024-12-31 341873282 CBIZ ADVISORS LLC 222 SOUTH 9TH STREET SUITE 1000 MINNEAPOLIS MN 55402 990 2024-01-01 800163521 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK NORT 6123021505 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 WARREN MCLEAN PRESIDENT 6123021505 2025-09-30 1 1 BRUCE THIEL P00526510 6123397811 2025-09-30 2024 2025-03-06 01:10:19Z WARREN MCLEAN 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 7356513 0 X WWW.NEON-MN.ORG X 2009 MN BUILD WEALTH FOR LOW-TO-MODERATE INCOME ENTREPRENUERS IN NORTH MINNEAPOLIS AND SURROUNDING COMMUNITIES 15 15 15 20 0 0 11401045 5097933 220283 193064 346874 563321 -71867 2054 11896335 5856372 416176 79646 0 0 1370218 1729264 224529 208920 422040 761562 1019447 2772485 3037277 9123850 2819095 18678460 19079157 3636980 929064 15041480 18150093 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 1 1924768 79646 193064 IN 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. 36806 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. 1961574 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 24 0 1 15 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 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 TRENT BOWMAN CHAIRMAN 1.00 0.00 X X 0 0 0 TYLER BURKHARDT TREASURER 1.00 0.00 X X 0 0 0 DAVID STEIER SECRETARY 1.00 0.00 X X 0 0 0 TING TING NI DIRECTOR 1.00 0.00 X 0 0 0 MARGARET MURPHY DIRECTOR 1.00 0.00 X 0 0 0 TETO WILSON DIRECTOR 1.00 0.00 X 0 0 0 MELANIE GATEWOOD-HALL VICE CHAIR 1.00 0.00 X X 0 0 0 GLORIA FREEMAN DIRECTOR 1.00 0.00 X 0 0 0 RUSSELL KNIGHTON DIRECTOR 1.00 0.00 X 0 0 0 KB BROWN DIRECTOR 1.00 0.00 X 0 0 0 SHANNON OLSON TEKLE DIRECTOR 1.00 0.00 X 0 0 0 BETH DUMKE DIRECTOR 1.00 0.00 X 0 0 0 BLAKE BERQUIST DIRECTOR 1.00 0.00 X 0 0 0 SPENCER CRONIN DIRECTOR 1.00 0.00 X 0 0 0 DEBRA SPEARS DIRECTOR 1.00 0.00 X 0 0 0 WARREN MCLEAN PRESIDENT 40.00 0.00 X 224297 0 38459 STEPHEN OBAYUWANA SENIOR VP & COO 40.00 0.00 X 139817 0 20687 ANN FIX VP BUSINESS DEVELOPMENT 40.00 0.00 X 110714 0 25218 474828 0 84364 3 0 1 0 MA MORTENSON COMPANY 300 PARK BLVD SUITE 100 ITASCA IL 60143 CONSTRUCTION SERVICES 1298299 LSE ARCHITECTS INC 100 PORTLAND AVE S SUITE 100 MINNEAPOLIS MN 55401 ARCHITECTURAL SERVICES 383550 CLIFTONLARSONALLEN LLP 220 S 6TH ST SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 173306 J MURPHY & ASSOCIATES RAINMAKER LLC 2021 E HENNEPIN AVE STE 130 MINNEAPOLIS MN 55413 FUNDRAISING SERVICES 149669 BETTERWORLD PARTNERS LLC 370 SELBY AVENUE SUITE 301 ST PAUL MN 55102 FUNDRAISING SERVICES 100049 5 346500 589559 4161874 5097933 RENT/OFFICE SHARING 531120 186160 186160 TECHNICAL ASSISTANCE 561499 6000 6000 REGISTRATION FEES 611430 904 904 193064 563462 563462 1500000 1500000 141 0 -141 -141 -141 MISCELLANEOUS INCOME 459900 2054 2054 2054 5856372 193064 0 565375 79646 79646 262756 118240 78827 65689 1072604 808225 178793 85586 297871 239333 36879 21659 96033 71872 13416 10745 16000 16000 205315 205315 208920 208920 24206 24206 283352 228028 48199 7125 13697 2800 10897 60481 43177 14149 3155 66453 47440 15546 3467 128392 117670 6127 4595 2511 2281 230 175344 172177 3167 2385 852 1533 37433 27064 10369 3878 2769 907 202 3037277 1961574 653663 422040 1378904 1844918 9555182 4739395 1492111 2068001 7119000 14234 35641 1169332 199746 1755267 969586 3618177 2264417 862318 0 2267 38199 18678460 19079157 315810 157928 1019441 0 2299462 723333 2267 47803 3636980 929064 X 4223084 5967674 10818396 12182419 15041480 18150093 18678460 19079157 X 2819095 289518 X 0 1 X 1 0 X 3503141 5118116 3042204 11401045 5097933 28162439 3503141 5118116 3042204 11401045 5097933 28162439 11081670 17080769 26137 326395 563462 915994 5009 1167 2054 8230 29086663 1234832 0.58720 0.54390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 191321 191321 921615 172520 749095 56396 27226 29170 969586 LEASE LIABILITY 38199 SECURITY DEPOSITS PAYABLE 9604 47803 X 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. X X X X X X X 1 BETTER WORLD PARTNERS 370 SELBY AVE ST PAUL MN 55413 GRANT WRITING 0 2571809 100049 2471760 J MURPHY & ASSOCIATES RAINMAKER LLC 1300 GODWARD ST NE MINNEAPOLIS MN 55413 GROW AND THRIVE CONSULTANT 0 1075000 149669 925331 3646809 249718 3397091 MN 1 BETTER GREENS LLC 2203 SADDLEBROOK ROAD BUFFALO MN 55313 812045078 19646 0 4AP SMALL BUSINESS EQUIPMENT GRANT FUND DISBURSEMENT. MINNEBUN LLC 4020 CRANBOOK DR WHITE BEAR LAKE MN 55110 510416366 10000 0 4AP SMALL BUSINESS EQUIPMENT GRANT FUND DISBURSEMENT. 4 ACCESS PARTNERS 4513 OAK DR MINNEAPOLIS MN 55424 880556095 501(C)(3) 50000 0 GREATER TWIN CITIES UNITED WAY - GRANT DISBURSEMENT TO 4 ACCESS PARTNERS FOR MAIFA FUNDING. 1 2 PART I, LINE 2: NEON MONITORS THE USE OF EQUIPMENT GRANTS BY REQUIRING GRANT RECIPIENTS TO PROVIDE ACTUAL INVOICES FOR THE EQUIPMENT. OTHER GRANTS REGARDING SERVICE IS MONITORED BY NEON WITH VISITS TO THE GRANTEE TO ENSURE THE PROPER USE OF FUNDS. X X 0 0 0 0 0 0 0 1 0 WARREN MCLEAN PRESIDENT 192797 0 31500 0 0 0 8972 0 29487 0 262756 0 0 0 STEPHEN OBAYUWANA SENIOR VP & COO 127817 0 12000 0 0 0 5593 0 15094 0 160504 0 0 0 PART I, LINE 7 BONUS PAYMENTS WERE DETERMINED BASED ON MEETING ORGANIZATIONAL PERFORMANCE PLAN GOALS AND AT THE DISCRETION OF THE BOARD OF DIRECTORS. FORM 990, PART III, LINE 3 IN AUGUST 2024, NEON TRANSFERRED ITS LENDING PROGRAM ACTIVITIES TO NEON BUSINESS FINANCE, A RELATED 501(C)(3) NONPROFIT ORGANIZATION THAT WAS ESTABLISHED TO PROVIDE FINANCIAL PRODUCTS AND BUSINESS DEVELOPMENT SERVICES TO BUILD WEALTH FOR LOW-TO MODERATE INCOME ENTREPRENEURS. 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 JANUARY 2024. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: INTER-ORGANIZATIONAL CONTRIBUTION 289,518. NEON REAL ESTATE HOLDING COMPANY 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 994854546 SMALL BUSINESS FOOD INCUBATOR PROGRAM MN 501(C)(3) LINE 12A, I NORTHSIDE ECONOMIC OPPORTUNITY NETWORK 1 NEON BUSINESS FINANCE 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 994895458 LENDING ACTIVITIES MN 501(C)(3) LINE 10 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK 1 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 NEON BUSINESS FINANCE R 4105700 COST NEON REAL ESTATE HOLDING COMPANY Q 2421521 COST NEON REAL ESTATE HOLDING COMPANY R 18406645 COST NEON REAL ESTATE HOLDING COMPANY D 9800000 LOAN BALANCE