West Bank Business Association
- Assets
- $240.5k
- Revenue
- $289.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Minneapolis, MN
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 41-1694119
Organization Overview
West Bank Business Association is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, West Bank Business Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Bank Business Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, West Bank Business Association generated $289.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $222.9k during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WBBA EXISTS TO ENGAGE THE BUSINESS COMMUNITY IN THE RESPONSIBLE ECONOMIC DEVELOPMENT OF THE WEST BANK DISTRICT WHILE PRESERVING THE UNIQUE CHARACTER AND HERITAGE OF THE CEDAR-RIVERSIDE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRICT MARKETING & EVENTS- HOSTED OPEN STREETS BLOCK PARTY EVENT AUGUST 2024 FEATURING LOCAL BUSINESSES, 4 STAGES OF MUSIC AND THEATER, A CAMEL, A WIENER DOG RACE, AS WELL AS GAMES AND ACTIVITIES.- INSTALLED MURAL ON THE HEAVILY GRAFFITIED DARUL QUBA BUILDING ON THE BLUE LINE LIGHT RAIL STATION.- HOSTED 20 WEEKS OF FREE ARTS AND MUSIC IN A BLIGHTED LOT OFF CEDAR AVENUE AND BEGAN WORK DESIGNING A "SHADE SCULPTURE".- VIDEOTAPED FOOTAGE OF EVENTS AND CONVERSATIONS WITH BUSINESS OWNERS FOR A WEST BANK MARKETING VIDEO.- HOSTED FALL WEST BANK BIKE RIDE FOR VISITORS AND RESIDENTS.- RAN DISTRICT CLEAN UPS.
DANIA HALL ENGAGEMENT- EDUCATED THE COMMUNITY ABOUT COMMUNITY OWNERSHIP OPTIONS AND ABOUT OPTIONS FOR THE DEVELOPMENT OF THE DANIA HALL SITE.- HOSTED AN END OF YEAR MEETING AND COLLECTED SURVEYS TO LISTEN TO COMMUNITY REGARDING THE SITE.COLLABORATIONSWE HELPED SPONSOR SEVERAL COMMUNITY EVENTS INCLUDING THE MULTICULTURAL DINNER, WOMEN'S NIGHT OUT, AND YOUTH COUNCIL PROGRAMS.
SAFETY & YOUTH ENGAGEMENT- HIRED YOUTH AFFECTED BY HOMELESS AND ADDICTION TO INSTALL GARDENS IN BLIGHTED LOT AND ASSIST WITH 20 WEEKS OF FREE ARTS AND MUSIC AND WEEKLY HOMELESSNESS RESOURCE FAIR.- COORDINATED A WEEKLY HOMELESSNESS RESOURCE FAIR.- GAVE YOUTH STIPENDS TO WORK WITH MURALISTS AND OTHER ARTSISTS ON PUBLIC ART PROJECTS.- INSTALLED AND PAINTED A SHED FOR PROGRAMMING MATERIALS.- HOSTED 4 FREE WORKSHOPS OFFERING CARDBOARD BASED CREATIVE GAMES TO THE PUBLIC.
TECHNICAL ASSISTANCE AND OUTREACH- PILOTED CULTURAL MALL EXTREME MAKEOVER PROGRAM TO ASSIST MALL TENANTS WITH ORGANIZING AND MERCHANDISING.- PROVIDED OVER 500 HOURS OF DIRECT TECHNICAL ASSISTANCE TO BUSINESSES, ABOUT 74% OF BUSINESSES RECEIVING ASSISTANCE WERE IMMIGRANT BUSINESSES AND 59% WERE WOMEN BUSINESSES.- DISTRIBUTED OVER $50,000 IN FAADE GRANT FUNDS. 100% WENT TO IMMIGRANT OWNED BUSINESSES.- ASSISTED IN SECURING OVER $500,000 IN DIRECT GRANT FUNDS FOR LOCAL BUSINESSES.- WE AWARDED $5,000 IN WEST BANK CARES GRANTS TO INDIVIDUALS AND ORGANIZATIONS SHOWING CARE FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kj Star Executive Director | OfficerTrustee | 16 | $30,808 |
Amano Dube Chair | OfficerTrustee | 2 | $0 |
Josh Schuder Vice Chair | OfficerTrustee | 2 | $0 |
Caleigh Souhan Vice Chair | OfficerTrustee | 2 | $0 |
Merrie Benasutti Secretary | OfficerTrustee | 2 | $0 |
Susannah Dodge Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $219,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,302 |
| Total Program Service Revenue | $2,793 |
| Investment income | $2,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,312 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,635 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $1,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,607 |
| Advertising and promotion | $0 |
| Office expenses | $16,625 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,589 |
| Travel | $102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,158 |
| Insurance | $1,203 |
| All other expenses | $268 |
| Total functional expenses | $222,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,150 |
| Accounts receivable, net | $750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $240,488 |
| Accounts payable and accrued expenses | $11,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500 |
| Total liabilities | $11,880 |
| Net assets without donor restrictions | $228,608 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $240,488 |