Skip to content
Nonprofiteer
← MARKET ENTRY FUND

Form 990 for tax year 2024

Filed by MARKET ENTRY FUND.

Totals

Total revenue
$486,443
Total expenses
$210,503
Contributions and grants received
$475,880
Grants paid
$84,500
Program service revenue
$0
Investment income
$5,472
Other revenue
$5,091
Total assets, end of year
$392,403
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$392,403
Program services expenses (Part IX)
$197,494
Management and general expenses
$7,994
Fundraising expenses
$5,015
Program service expenses (Part III)
$197,494

Program services were 93.8% 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.

  • 1f · All other contributions, gifts and grants

    $475,880

  • 3 · Investment income

    total $5,472 · excluded $5,472

  • 11a · Other revenue: ,ISCELLANEOUS REVENUE

    total $5,091 · related or exempt $5,091

  • 11e · Other revenue, total

    $5,091

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,500 · program services $84,500

  • 5 · Compensation of officers, directors and key employees

    total $56,835 · program services $51,153 · management and general $3,409 · fundraising $2,273

  • 9 · Other employee benefits

    total $1,975 · program services $1,774 · management and general $126 · fundraising $75

  • 10 · Payroll taxes

    total $26,697 · program services $24,027 · management and general $1,601 · fundraising $1,069

  • 11c · Fees: accounting

    total $409 · management and general $409

  • 11g · Fees: other

    total $26,295 · program services $23,665 · management and general $1,578 · fundraising $1,052

  • 13 · Office expenses

    total $4,721 · program services $4,249 · management and general $284 · fundraising $188

  • 14 · Information technology

    total $5,042 · program services $4,539 · management and general $302 · fundraising $201

  • 17 · Travel

    total $230 · program services $207 · management and general $14 · fundraising $9

  • 19 · Conferences, conventions and meetings

    total $1,791 · program services $1,612 · management and general $109 · fundraising $70

  • 23 · Insurance

    total $1,579 · program services $1,422 · management and general $94 · fundraising $63

  • 24a · Other expenses: PRINTING

    total $216 · program services $194 · management and general $14 · fundraising $8

  • 24b · Other expenses: MISCELLANEOUS

    total $94 · program services $84 · management and general $6 · fundraising $4

  • 24c · Other expenses: DUE AND SUBSCRIPTION

    total $50 · program services $45 · management and general $3 · fundraising $2

  • 24d · Other expenses: BANK CHARGE

    total $44 · management and general $44

  • 24e · All other expenses

    total $25 · program services $23 · management and general $1 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,463 · end of year $392,403

  • 4 · Accounts receivable

    beginning of year $30,000

  • 27 · Net assets without donor restrictions

    beginning of year $116,463 · end of year $392,403

  • 28 · Net assets with donor restrictions

    beginning of year $30,000 · end of year $0

Mission and programs · 2024

Mission

THE MARKET ENTRY (TMEF) AIMS TO ADVANCE INCLUSION IN LOCAL FOOD SUPPLY CHAINS. OUR MISSION IS TO ENABLE TRADITIONALLY MARGINALIZED AND UNDERREPRESENTED ENTREPRENEURS WHO ARE IN FOOD PRODUCTION AND MANUFACTURING, TO PARTICIPATE EQUITABLY IN THIS INDUSTRY. SPECIFICALLY, TMEF PROVIDES TECHNICAL SUPPORTS AND SERVICES, ALONG WITH MICRO-GRANTS, AND PUBLIC EDUCATION/AWARENESS TO HELP SMALL-SCALE FOOD AND BEVERAGE MANUFACTURERS WORK THROUGH RACIAL, SOCIAL AND ECONOMIC BARRIERS TO THEIR PARTICIPATION AND POTENTIAL IN THIS INDUSTRY.

  • 1. MICRO GRANTS PROGRAM, PROVIDES MODES FINANCIAL SUPPORT TO SMALL FOOD MANUFACUTIRNG BUSINESSES. ACTIVITIES AND IMPACT INCLUDED: FOUR (4) MEETINGS HELD TOTALING OVER 10-12 HOURS, 42 SMALL BUSINESSES SERVED, AND 12 GRANTS AWARDED, TOTALING $84,500 AND, REACHING AT LEAST 12 CITIES ACROSS MN, INCLUDING RURAL AND URBAN LOCATIONS AND VARIOUS COMMUNITIES.

    Expenses $197,494 · Revenue $5,091

  • 2. STRUCTURED NETWORK SERVICES = PROVIDING BUSINESS AND TECHNICAL ASSISTANCE TO SMALL FOOD MANUFACTURING BUSINESSES, INCLUDED THE FOLLOWING ACTIVITIES AND IMPACT: AT LEAST 13 SITE VISITS TO MEASURE CHALLENGES AND NEEDS OF SMALL FOOD MANUFACTURING BUSINESSES; 1 SURVEY TO COLLECT DATA OF EXISTING SUPPORT SERVICES, 4 PLANNING MEETINGS, 1 EVENT FOCUSED ON BUSINESS ASSISTANCE, SPECIFICALLY ON FINANCIAL MANAGEMENT, TEN (10) SMALL BUSINESSES SERVED.

  • 3. COMMUNITY RETAIL SUPPORT AND 100K ACCELERATOR- FOCUSED ON TRAINING AND LEARNING HOW TO ENTER MARKETS WITH FOOD PRODUCTS - GOING BEYOND THE FARMER'S MARKETS. SERVED 12 BUSINESSES AND THEIR PACKAGED FOOD PRODUCTS ENTERED THE MARKET THROUGH OUR COMMUNITY RETAIL MODEL - WHICH PROVIDES A SUPPORTIVE RETAIL TRAINING (INCUBATOR) ENVIRONMENT FOR SMALL FOOD MAKERS TO LEARN AND GROW. SUPPORTED AN ADDITIONAL 50 LOCAL MAKERS THROUGH COMMUNITY RETAIL - IN WHICH RETAIL SUPPORT RESULTED IN HIGHER PRICES FOR THE MAKER; AND ENTRY INTO MORE GROCERY STORE SHELVES AND DISTRIBUTION TO OTHER MULTIPLE STATES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brendan Kurvers

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mala Thao

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Terri Barreiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorrene Occhino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kayla Yang-Best

    PRESIDENT & CEO

    Total calculated
    $62,500
    From this org
    $62,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    36

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.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • HOYO SBC

    $20,000

    BUSINESS

  • JUNITA'S JAR LLC

    $14,500

    BUSINESS

Provenance

Return type
form_990
Tax year
2024
Filed
4 March 2025
IRS schema version
2024v5.0
Source object
202520659349301022

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.