Minnesota · Nonprofit
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (Minnesota) receives grants from 46 organizations whose IRS filings report $20,328,647 to it, the largest being THE BUSH FOUNDATION ($4,043,000). 23 of them have funded it in more than one year.
- Revenue FY2024
- $5.9M
- Funders on record
- 46
- Grants received
- $20M
- Net assets
- $18M
What Northside Economic Opportunity Network does
Mission
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.
As stated on its FY2024 Form 990.
Programs
On its FY2024 return the organization reported a significant change in how it conducts a program.
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.
Its own explanation, from Schedule O of that return (Part III, line 3).
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.
$1,924,768 spentof which $79,646 as grants$193,064 earned by the program98% of program spendingThe 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.
$36,806 spent2% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,961,574.
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. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $9.7M to $19M (+92%).
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 17% · 2018 48% · 2019 7% · 2020 1% · 2021 2% · 2022 9% · 2023 2% · 2024 10%. Grants only. Government contracts and fees sit inside program revenue.
87% of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 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.
Board chair
Trent Bowman
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 19 funders, grant income rose $142k → $8.4M.
9 of 46 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 14% 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 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK’s funders (the co-funder graph). Top 30 of 46 funders by total. 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
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK has a broad base — no single funder exceeds 20% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
30% 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 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK.
Largest funder’s share by year: 2017 42% · 2018 51% · 2019 39% · 2020 46% · 2021 25% · 2022 22% · 2023 38% — diversifying over time.
“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 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK's funders are still giving 3 years after their first grant; 50% 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
98% of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.7M arriving through sponsors registered in 7 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.
Against its field
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK runs a healthier operating margin than three-quarters of the 4,206 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024
Government funding NORTHSIDE ECONOMIC OPPORTUNITY NETWORK receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.2M on record.
- Small Business Administration$1.0M
- Department of the Treasury$250k
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 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
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
65% of spending goes to programs.
Governance
Public support
59%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Neon Real Estate Holding Company · exempt
- Neon Business Finance · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NORTHSIDE ECONOMIC OPPORTUNITY NETWORK: 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 NORTHSIDE ECONOMIC OPPORTUNITY NETWORK?
- NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (Minnesota) receives grants from 46 organizations whose IRS filings report $20,328,647 to it, the largest being THE BUSH FOUNDATION ($4,043,000). 23 of them have funded it in more than one year.
- How many funders does NORTHSIDE ECONOMIC OPPORTUNITY NETWORK have?
- IRS filings report 46 organizations giving $20,328,647 in grants to NORTHSIDE ECONOMIC OPPORTUNITY NETWORK, 23 of which have funded it in more than one year.
- Who is the largest funder of NORTHSIDE ECONOMIC OPPORTUNITY NETWORK?
- THE BUSH FOUNDATION is the largest funder on record, with $4,043,000 in grants. The full list of funders is on this page.
- How can an organization like NORTHSIDE ECONOMIC OPPORTUNITY NETWORK 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 46 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 22, 2026. What this page cannot tell you · view filing