West Broadway Area Coalition is located in Minneapolis, MN. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, West Broadway Area Coalition employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Broadway Area Coalition 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 12/2021, West Broadway Area Coalition generated $711.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $732.1k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. RESTORE NORTH: PROVIDE SUPPORT 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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Felicia Perry Executive Director | Officer | 40 | $79,640 |
Jackie Cherryhomes Vice President | OfficerTrustee | 2 | $0 |
Tara Watson President | OfficerTrustee | 2 | $0 |
Kb Brown Board Member | Trustee | 2 | $0 |
Justin Baylor Board Director | Trustee | 2 | $0 |
Dean Rose Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,895 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $157,225 |
All other contributions, gifts, grants, and similar amounts not included above | $546,430 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $707,550 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $711,000 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $79,640 |
Compensation of current officers, directors, key employees. | $10,353 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $96,191 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,872 |
Payroll taxes | $15,765 |
Fees for services: Management | $0 |
Fees for services: Legal | $940 |
Fees for services: Accounting | $24,883 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $440,215 |
Advertising and promotion | $5,430 |
Office expenses | $12,692 |
Information technology | $1,654 |
Royalties | $0 |
Occupancy | $22,623 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,181 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,119 |
Insurance | $7,522 |
All other expenses | $0 |
Total functional expenses | $732,111 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,000,026 |
Savings and temporary cash investments | $21,268 |
Pledges and grants receivable | $240,575 |
Accounts receivable, net | $0 |
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 | $1,976 |
Net Land, buildings, and equipment | $3,472 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $700 |
Total assets | $5,268,017 |
Accounts payable and accrued expenses | $121,638 |
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 | $0 |
Total liabilities | $121,638 |
Net assets without donor restrictions | $312,624 |
Net assets with donor restrictions | $4,833,755 |
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 | $5,268,017 |
Over the last fiscal year, we have identified 7 grants that West Broadway Area Coalition has recieved totaling $184,597.
Awarding Organization | Amount |
---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $48,012 |
Nexus Community Partners Saint Paul, MN PURPOSE: Asset and Wealth Building | $25,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: COMMUNITY & ECONOMIC DEVELOPMENT | $6,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,565 |
Organization Name | Assets | Revenue |
---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Northside Economic Opportunity Network Minneapolis, MN | $8,534,205 | $5,326,140 |
Greater Fargo Moorhead Economic Development Corporation Fargo, ND | $1,995,409 | $1,379,514 |
Pottawattamie County Development Corporation Council Bluffs, IA | $7,450,789 | $1,451,387 |