Nonprofit · EIN 83-2642593
FRIENDS OF GLOBAL MARKET INC
Tax-exempt · MINNEAPOLIS, MN 55407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $646,641 | $441,052 | $205,589 | $279,976 | $11,466 | $268,510 |
| December 31, 2024 | 990 | $223,712 | $382,676 | -$158,964 | $68,311 | $5,390 | $62,921 |
| December 31, 2023 | 990 | $269,674 | $592,377 | -$322,703 | $133,405 | $124,791 | $8,614 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $586,753
- of which government grants
- $92,700
- Program service revenue
- $39,810
- Investment income
- $0
- Net income from fundraising events
- -$87,922
- Other revenue
- $20,078
Expenses
- Grants and similar amounts paid
- $166,187
- Other salaries and wages
- $110,000
- Salaries, compensation and benefits (total)
- $110,000
- Professional fundraising fees
- $28,620
- Accounting fees
- $2,125
- Occupancy
- $13,218
- Program services (functional)
- $384,302
- Management and general (functional)
- $28,130
- Fundraising (functional)
- $28,620
Balance sheet and other
- Total assets, start of year
- $68,311
- Total assets, end of year
- $279,976
- Total liabilities, end of year
- $11,466
- Net assets, end of year
- $268,510
- Net assets without donor restrictions
- $268,510
- Gross receipts
- $734,563
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL FEHRENKAMP | CHAIR Trustee or director, Officer | 1 | $0 |
| ANTHONY TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXIS MCKINNIS | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHNNY BALMER | BOARD MEMBER Trustee or director | 1 | $0 |
| YUSRA MOHAMUD | BOARD MEMBER Trustee or director | 1 | $0 |
| DESTINEE SHELBY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL FEHRENKAMP | CHAIR Trustee or director, Officer | 1 | $0 |
| ANTHONY TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXIS MCKINNIS | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHNNY BALMER | BOARD MEMBER Trustee or director | 1 | $0 |
| YUSRA MOHAMUD | BOARD MEMBER Trustee or director | 1 | $0 |
| DESTINEE SHELBY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE GOZE | CHAIR Trustee or director, Officer | 1 | $0 |
| MIHAILO TEMALI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANTHONY TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 |
| HOWARD ORENSTEIN | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHNNY BALMER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXIS MCKINNIS | BOARD MEMBER Trustee or director | 1 | $0 |
| DESTINEE SHELBY | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 920 E LAKE ST STE G10, MINNEAPOLIS, MN 55407-3588
- Mailing address (990-N for 2019)
- 920 East Lake Street Suite G10, Minneapolis MN 55407
- Principal officer (990 for 2025)
- ALEXIS MCKINNIS, 625 UNIVERSITY AVE SUITE 200, ST PAUL, MN 55104
- Principal officer (990-N for 2019)
- Atum Azzahir, 920 East Lake Street Suite G10, Minneapolis MN 55407
- Signed the 990
- ALEXIS MCKINNIS, TREASURER
- Phone
- (612) 718-3023
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
TO SUPPORT THE MIDTOWN GLOBAL MARKET AS A VITAL COMMUNITY RESOURCE THAT SUPPORTS SMALL BUSINESS, CULTURAL DIVERSITY, AND FREE/LOW-COST PROGRAMMING.
Program accomplishments
- MIDTOWN GLOBAL MARKET HAS OVER 32 LOCALLY-OWNED BUSINESSES, AND HAS GAINED NATIONAL ATTENTION AS A VIBRANT, CULTURAL MARKET WHERE COMMUNITIES GATHER IN MINNEAPOLIS, MINNESOTA. MIDTOWN GLOBAL MARKET IS A SPACE WHERE ENTREPRENEURS CAN BRING THEIR BUSINESS DREAMS INTO A REALITY.SINCE THE MARKET HAS A COMMUNITY DEVELOPMENT MISSION AND IS NOT IN EXISTENCE TO MAKE A PROFIT, ONE OF THE PRIMARY PARTS OF OUR MISSION IS TO TRAIN AND SUPPORT THE ENTREPRENEURS AND SMALL BUSINESSES INSIDE THE MARKET IN MANY DIFFERENT WAYS, AT NO COST TO THEM.FRIENDS OF GLOBAL MARKET SUPPORTS THE MISSION OF MIDTOWN GLOBAL MARKET BY BUILDING THE "FRIENDS" TO THE MARKET AND HELPING KEEP THE MARKET A PLACE OF RESOURCE FOR OUR SMALL BUSINESS OWNERS AND THE COMMUNITY. WE WILL HELP BUILD THE LEGACY OF THE MIDTOWN GLOBAL MARKET.Expenses $384,302 · grants $166,187 · revenue $147,810
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2642593
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $279,976
- Income (IRS master file)
- $734,563
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $646,641 | $441,052 | $279,976 | XML |
| 990 | December 2024 | $223,712 | $382,676 | $68,311 | XML |
| 990 | December 2023 | $269,674 | $592,377 | $133,405 | XML |
| 990 | December 2022 | $649,074 | $644,396 | $348,098 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Atum Azzahir | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-2642593).
Questions about FRIENDS OF GLOBAL MARKET INC
- What is the EIN of FRIENDS OF GLOBAL MARKET INC?
- The employer identification number (EIN) of FRIENDS OF GLOBAL MARKET INC is 83-2642593.
- Is FRIENDS OF GLOBAL MARKET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FRIENDS OF GLOBAL MARKET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF GLOBAL MARKET INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF GLOBAL MARKET INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF GLOBAL MARKET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FRIENDS OF GLOBAL MARKET INC?
- The 990 for the year ended December 31, 2025 names ALEXIS MCKINNIS.
- Who are the officers and directors of FRIENDS OF GLOBAL MARKET INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF GLOBAL MARKET INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $646,641, expenses of $441,052 and total assets of $279,976 at year end.
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