West Broadway Area Coalition

Nonprofit profile at a glance

EIN
411985423
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Minneapolis, MN, USA
Phone
6123535178
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Official website

Reported finances

Revenue
$746,244
Expenses
$876,760
Assets
$1,559,277
Liabilities
$102,247

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Kristel Porter (Executive Director)
  • Tara Watson (President)
  • Thakurdyal Singh (Past President)
  • Teto Wilson (Vice President)

Highest reported compensation

  • Kristel Porter (Executive Director): $94,984 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

Outreach/Events: Black Business Week- WBC partners with the City of Minneapolis every last week in July to host Black Business Week. This is a 2 day event that brings together Black-owned businesses together to share, learn from each other, and to boost their sales and exposure. Day one consists of a formal business event highlighting prominent Black Business Owners throughout the country. Day 2 WBC hosts an outdoor pop-up street mall, where the community can shop for all their favorite products from Black-owned businesses in one place. Open Streets West Broadway- WBC has been hosting Open Streets West Broadway since 2011. This event has grown immensely from its inception and enjoys over 300 vendors every year. Open Streets West Broadway is led by WBC and partners with the City of Minneapolis, is supported by partner organizations along West Broadway Avenue to celebrate our community's commerce, programs and residents. This 17-block event happens in September and closes down our main business corridor in North Minneapolis and allows businesses to set up shop in the street. Bringing the businesses to the people and the entire city and surrounding twin cities area to the Northside so they may enjoy our rich culture and to be introduced to our narrative of the Northside. Black Friday on West Broadway- Created by 2 black-women business owners in North Minneapolis; WBC and Northside Economic Opportunity Network partnered with them to produce an event that allowed consumer conscious patrons in the Twin Cities to support an event that competed with big box stores, allowing a space where small business owners, artists, and curators could successfully sell their products to a wide audience for 2 days following the Thanksgiving holiday. West Broadway Business and Area Coalition (WBC) hosted its largest ever, 13th Annual Open Streets West Broadway, street fair. Also coordinated two annual community clean up days along West Broadway Ave

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 89
  • Accountability: 79
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.9%; rating input score 91
  • Program expense ratio: 76.8%; rating input score 77
  • Fundraising efficiency: $12.44 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -17.5%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 1.78; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 10.8%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 12.4% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 15.1% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 90.9% of revenue deployed · 76.8% of spending went to programs
  • Governance: 11 of 11 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $674K in reported program spending
  • Leadership: top reported pay $95K · 12 people listed
  • Consistency: 28 of 30 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • High — Sustainability: Operating margin scored 8/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.