Minnesota · Nonprofit
NORTHEAST ENTREPRENEUR FUND INC
NORTHEAST ENTREPRENEUR FUND INC (Minnesota) receives grants from 16 organizations whose IRS filings report $13,064,949 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($9,000,000). 10 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $21M
- Funders on record
- 16
- Grants received
- $13M
- Net assets
- $36M
What Northeast Entrepreneur Fund Inc does
Mission
The mission of entrepreneur fund is to advance community economic development in rural and underserved communities. We work to achieve this by actively partnering with entrepreneurs to stimulate the growth of successful businesses. Our vision is to have vibrant communities and a diverse regional economy that is created and sustained by entrepreneurs.
As stated on its FY2024 Form 990.
Program
The 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 organizational expenses, non-program related were a total of $300,796 for fundraising, $834,693 for management and general costs to support the mission. Program revenue totaled $3,517,557.
$12,502,694 spentof which $552,718 as grants$3,517,557 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $12,502,694.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $28M to $46M (+66%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 43% · 2018 39% · 2019 33% · 2020 49% · 2021 54% · 2022 53% · 2023 56% · 2024 35%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Shawn Wellnitz
CEO/president
Board chair
Crystal Rohde
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $75k → $95k.
4 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 70% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NORTHEAST ENTREPRENEUR FUND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NORTHEAST ENTREPRENEUR FUND INC leans on a few funders — its largest provides 69% of grant income and the top three 85%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
81% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NORTHEAST ENTREPRENEUR FUND INC.
Largest funder’s share by year: 2017 60% · 2018 100% · 2019 84% · 2020 20% · 2021 33% · 2022 41% · 2023 63% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of NORTHEAST ENTREPRENEUR FUND INC's funders are still giving 3 years after their first grant; 63% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
70% of NORTHEAST ENTREPRENEUR FUND INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $3.9M that is directly attributable, 64% of it comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $9.2M arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding NORTHEAST ENTREPRENEUR FUND INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $32.3M on record.
- Small Business Administration$16.6M
- Department of the Treasury$15.1M
- Department of Agriculture$590k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NORTHEAST ENTREPRENEUR FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
70%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for NORTHEAST ENTREPRENEUR FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NORTHEAST ENTREPRENEUR FUND INC?
- NORTHEAST ENTREPRENEUR FUND INC (Minnesota) receives grants from 16 organizations whose IRS filings report $13,064,949 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($9,000,000). 10 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does NORTHEAST ENTREPRENEUR FUND INC have?
- IRS filings report 16 organizations giving $13,064,949 in grants to NORTHEAST ENTREPRENEUR FUND INC, 10 of which have funded it in more than one year.
- Who is the largest funder of NORTHEAST ENTREPRENEUR FUND INC?
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC is the largest funder on record, with $9,000,000 in grants. The full list of funders is on this page.
- How can an organization like NORTHEAST ENTREPRENEUR FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 16 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing