Totals
- Total revenue
- $197,896
- Total expenses
- $2,614,087
- Contributions and grants received
- $197,896
- Grants paid
- $1,878,027
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,785,444
- Total liabilities, end of year
- $55,256
- Net assets or fund balances, end of year
- $2,730,188
- Program services expenses (Part IX)
- $2,356,059
- Management and general expenses
- $190,327
- Fundraising expenses
- $67,701
- Program service expenses (Part III)
- $2,356,059
Program services were 90.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$2,800
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$36,050
-
1f · All other contributions, gifts and grants
$159,046
-
1g · Noncash contributions included above
$0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,878,027 · program services $1,878,027
-
5 · Compensation of officers, directors and key employees
total $99,012 · program services $79,210 · management and general $12,871 · fundraising $6,931
-
7 · Other salaries and wages
total $88,750 · program services $71,000 · management and general $11,538 · fundraising $6,212
-
9 · Other employee benefits
total $12,146 · program services $9,717 · management and general $1,579 · fundraising $850
-
10 · Payroll taxes
total $25,783 · program services $20,627 · management and general $3,351 · fundraising $1,805
-
11b · Fees: legal
total $870 · program services $0 · management and general $870 · fundraising $0
-
11c · Fees: accounting
total $45,276 · program services $0 · management and general $45,276 · fundraising $0
-
11g · Fees: other
total $379,998 · program services $228,320 · management and general $103,978 · fundraising $47,700
-
12 · Advertising and promotion
total $18,089 · program services $18,089 · management and general $0 · fundraising $0
-
13 · Office expenses
total $22,903 · program services $18,323 · management and general $2,977 · fundraising $1,603
-
14 · Information technology
total $3,364 · program services $2,691 · management and general $438 · fundraising $235
-
16 · Occupancy
total $26,441 · program services $21,153 · management and general $3,437 · fundraising $1,851
-
17 · Travel
total $240 · program services $192 · management and general $48
-
19 · Conferences, conventions and meetings
total $2,847 · program services $2,847 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,489 · program services $0 · management and general $1,489 · fundraising $0
-
23 · Insurance
total $7,330 · program services $5,863 · management and general $953 · fundraising $514
-
24a · Other expenses: Bank Fees
total $927 · program services $0 · management and general $927 · fundraising $0
-
24b · Other expenses: Misc Expense
total $595 · program services $0 · management and general $595 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,000,026 · end of year $2,654,489
-
2 · Savings and temporary cash investments
beginning of year $21,268 · end of year $21,268
-
3 · Pledges and grants receivable
beginning of year $240,575 · end of year $96,221
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,976 · end of year $6,118
-
10a · Land, buildings and equipment: cost or other basis
$10,970
-
10b · Land, buildings and equipment: accumulated depreciation
$3,822
-
10c · Land, buildings and equipment, net
beginning of year $3,472 · end of year $7,148
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $700 · end of year $200
-
17 · Accounts payable and accrued expenses
beginning of year $121,638 · end of year $55,256
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $312,624 · end of year $605,013
-
28 · Net assets with donor restrictions
beginning of year $4,833,755 · end of year $2,125,175
Mission and programs · 2022
Mission
The West Broadway Business Coalition leads initiatives to bring businesses, non-profit organizations, and neighbors together to create an inviting and vital West Broadway corridor that will transform the Northside into a thriving economic community.
-
Technical Assistance Programs: Northside Business Luncheons: Northside Business Luncheons are monthly gatherings for networking and info on select topics with lunch provided from local restaurants and caterers in Minneapolis. Co-hosted by the West Broadway Business & Area Coalition (WBC) and the Northside Economic Opportunity Network (NEON). B-TAP: Provide direct business technical assistance and training to small businesses and microenterprises located in Minneapolis. The goal of the Business Technical Assistance Program (B-TAP) is to help small, Minneapolis-based businesses start or expand and support job creation in the city.
Expenses $190,673
-
Outreach/events - FLOW Northside Arts Crawl: Since 2006, FLOW has become both a community celebration and the premier art event in North Minneapolis. FLOW is a non-juried, self guided tour of studios, galleries, theaters, commercial and vacant spaces over a mile and a half of the West Broadway corridor. From b-boys to ballet, graffiti to graphite, rap to rhapsody, fine artist to arts, practicing to professional, FLOW showcases the great art being made every day on the Northside. FLOW is a program of the West Broadway Coalition that showcases over Northside artists of all ages and experiences at various locations around the community with an exciting weekend of indoor and outdoor activities. Open Streets West Broadway: Open Streets Minneapolis is part of a global movement to make streets places that put people first. During these free, family-friendly events local nonprofit Our Streets Minneapolis partners with the City of Minneapolis to temporarily close major thoroughfares to car traffic, opening them to people biking, walking, rolling, and connecting with neighbors and local businesses. Open Streets Minneapolis events help us experience streets as public spaces where communities thrive. These events spark transformative changes in how people think about streets. At each Open Streets Minneapolis event, local businesses, artists, community groups, and institutions come out into the street to play. Black Friday on Broadway: Black Friday on Broadway (BFOB) is a collaboration between the Northside Economic Opportunity Network (NEON) and the West Broadway Business and Area Coalition (WBC). It encourages the community and beyond to support entrepreneurs on Black Friday and Small Business Saturday - while promoting holiday shopping in the richly diverse business district of North Minneapolis.
Expenses $150,569
-
Corridor Recovery - Restore North and other grants or services provided to businesses and nonprofit organizations whose location of operation in North Minneapolis were impacted by the civil unrest that followed the murder of George Floyd and the aftermath of the economic effects of COVID.
Expenses $2,014,817 · Grants $1,878,027
As filed on the 2022 return.
Listed in Part VII
-
Cheryl Jensen
Interim Executive Director
- Total calculated
- $87,554
- From this org
- $87,554
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Kristel Porter
Executive Director
- Total calculated
- $11,458
- From this org
- $11,458
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tara Watson
President
- Total calculated
- $0
- Hours/week
- 2
-
Jackie Cherryhomes
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
KB Brown
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Justin Baylor
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Dean Rose
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
James Scott
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ravie Singh
Board Member
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322989349301317
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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