Northside Economic Opportunity Network
Northside Economic Opportunity Network
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About this organization
Mission
The Northside Economic Opportunity Network (NEON) expands economic development opportunities and builds wealth for low- to moderate-income entrepreneurs in North Minneapolis and surrounding communities.
About
Business development services. Businesses served: 300. Low-income clients: 180. Residents of color: 295. Feasibility assessments conducted: 287. Technical assistance hours: 3,597.50. Business development. Financing provided to clientele: $171,500.00. Businesses created: 26. Businesses stabilized: 25. Businesses expanded: 1. Business retention: 25.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “The northside economic opportunity network (neon) expands economic development opportunities and builds wealth for low- to moderate- income entrepreneurs in north minneapolis and surrounding communities. neon accomplishes its mission by collaborating with partner organizations to provide ongoing technical assistance and support: entrepreneur training and outreach, financial literacy, small business financing, and technical assistance and support.”.
When discussing its purpose, they were characterized as: “The northside economic opportunity network (neon) expands economic development opportunities and builds wealth for low- to moderate- income entrepreneurs in north minneapolis and surrounding communities.”.
- The state in which the non-profit is legally authorized to operate is MN, as reported.
- The filing confirms that the non-profit's address in 2020 was 1007 WEST BROADWAY AVENUE NO 100, MINNEAPOLIS, MN, 55411.
- The form of the non-profit reports 10 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is -$387,537.
- The organization has 13 independent voting members.
- The organization was formed in 2009.
- The organization pays $633,496 in salary, compensation, and benefits to its employees.
- The organization pays $117,595 in fundraising expenses.