Form 990 for tax year 2025

Filed by MARKET ENTRY FUND.

Totals

Total revenue: $85,669
Total expenses: $214,907
Contributions and grants received: $78,670
Grants paid: $95,000
Program service revenue: $0
Investment income: $6,904
Other revenue: $95
Total assets, end of year: $263,165
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $263,165
Program services expenses (Part IX): $202,835
Management and general expenses: $7,280
Fundraising expenses: $4,792
Program service expenses (Part III): $202,835

Program services were 94.4% 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

$78,670
3 · Investment income

total $6,904 · excluded $6,904
11a · Other revenue: MISCELLANEOUS REVENUE

total $95 · related or exempt $95
11e · Other revenue, total

$95

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $95,000 · program services $95,000
5 · Compensation of officers, directors and key employees

total $30,001 · program services $27,001 · management and general $1,800 · fundraising $1,200
7 · Other salaries and wages

total $9,538 · program services $8,585 · management and general $572 · fundraising $381
10 · Payroll taxes

total $18,504 · program services $16,654 · management and general $1,110 · fundraising $740
11g · Fees: other

total $45,620 · program services $41,057 · management and general $2,738 · fundraising $1,825
12 · Advertising and promotion

total $800 · program services $720 · management and general $48 · fundraising $32
13 · Office expenses

total $2,673 · program services $2,406 · management and general $160 · fundraising $107
14 · Information technology

total $5,929 · program services $5,336 · management and general $356 · fundraising $237
17 · Travel

total $198 · program services $178 · management and general $12 · fundraising $8
19 · Conferences, conventions and meetings

total $1,502 · program services $1,352 · management and general $90 · fundraising $60
23 · Insurance

total $4,338 · program services $3,904 · management and general $260 · fundraising $174
24a · Other expenses: DUES AND SUBSCRIPTIONS

total $499 · program services $449 · management and general $30 · fundraising $20
24b · Other expenses: PRINTING

total $128 · program services $115 · management and general $8 · fundraising $5
24c · Other expenses: BANK CHARGE

total $91 · management and general $91
24d · Other expenses: LICENSE FEE

total $82 · program services $74 · management and general $5 · fundraising $3
24e · All other expenses

total $4 · program services $4

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $392,403 · end of year $263,165
27 · Net assets without donor restrictions

beginning of year $392,403 · end of year $263,165

Mission and programs · 2025

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.

Activities or mission (Part I)

TMEF AIMS TO ADVANCES LOCAL FOOD SUPPLY CHAINS BY ENABLING UNDER-REPRESENTED AND UNDER-RESOURCED ENTREPRENEURS AND SMALL BUSINESSES IN FOOD PRODUCTION AND MANUFACTURING TO ENTER AND PARTICIPATE EQUITABLY IN THIS INDUSTRY.

1. MICRO GRANTS PROGRAM, PROVIDED MODEST FINANCIAL SUPPORT TO SMALL FOOD MANUFACTURING BUSINESSES STARTED BY OR OWNED BY UNDER-REPRESENTED AND/OR UNDER-RESOURCED POPULATIONS, SUCH WOMEN, RURAL, AND/OR PEOPLE OF COLOR - OWNED MICRO-ENTERPRISES. ACTIVITIES AND IMPACT INCLUDED: APPX. EIGHT (8) DECISION MEETINGS HELD TOTALING OVER 30 HOURS AND COUNTLESS MEETINGS AND HOURS FOR PLANNING; 65+ SMALL BUSINESSES SERVED, AND 19 MONETARY GRANTS AWARDED, TOTALING $95,000 (OR $5,000/EACH), AND REACHING AT LEAST 10-13 CITIES ACROSS MN, INCLUDING RURAL AND URBAN LOCATIONS AND VARIOUS COMMUNITIES.

Expenses $202,835 · Revenue $95
3. COMMUNITY RETAIL SUPPORT AND 100K ACCELERATOR- FOCUSED ON TRAINING AND LEARNING HOW TO ENTER MARKETS WITH FOOD PRODUCTS FOR THE SAME TARGET POPULATION. SERVED 12 BUSINESSES AND THEIR PACKAGED FOOD PRODUCTS ENTER THE MARKET FOR THE FIRST TIME THROUGH A COMMUNITY RETAIL MODEL - WHICH PROVIDES A SUPPORTIVE RETAIL TRAINING (INCUBATOR) ENVIRONMENT FOR SMALL FOOD MAKERS TO LEARN AND GROW. ALSO SUPPORTED AN ADDITIONAL 40 LOCAL MAKERS THROUGH COMMUNITY RETAIL VIA CONNECTIONS TO OTHER NONPROFITS AND FOOD MARKET TRADESHOWS.
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 2025 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

0.15
MALA THAO

TREASURER

Total calculated

$0

Hours/week

0.15
TERRI BARREIRO

SECRETARY

Total calculated

$0

Hours/week

0.2
LORRENE OCCHINO

DIRECTOR

Total calculated

$0

Hours/week

0.2
JUNITA FLOWERS

DIRECTOR

Total calculated

$0

Hours/week

0.12
KAYLA YANG-BEST

PRESIDENT & CEO

Total calculated

$30,000

From this org

$30,000

From related orgs

$0

Other

$0

Hours/week

30

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2025
Filed: 10 February 2026
IRS schema version: 2025v4.0
Source object: 202630559349301408

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