MARKET ENTRY FUND THE

EIN: 834587871 501(c)(3)

ST PAUL, MN

Total Revenue
$85,669
Total Expenses
$214,907
Total Assets
$263,165
Net Assets
$263,165
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MN
Principal Officer
BRENDAN KURVERS
Tax Period
2025-01-01 to 2025-12-31

MARKET ENTRY FUND THE, founded in 2019, is a micro nonprofit that reported $86K in total revenue in fiscal year 2025. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 151% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $202,835 Revenue: $95

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...

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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.

Program 2

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...

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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.

Program 3

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...

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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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $78,670
Program Service Revenue $0
Investment Income $6,904
Other Revenue $95
TOTAL REVENUE $85,669

Expense Breakdown

Grants Paid $95,000
Salaries & Benefits $58,043
Fundraising Expenses $4,792
Program Expenses $202,835
Other Expenses $61,864
TOTAL EXPENSES $214,907

Year-over-Year Comparison

2025 2024 Change
Revenue $85,669 $486,443 -0.8%
Expenses $214,907 $210,503 +0.0%
Net Income $-129,238 $275,940 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$30,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDAN KURVERS BOARD CHAIR 0.15
Officer Director
$0 $0 $0
MALA THAO TREASURER 0.15
Officer Director
$0 $0 $0
TERRI BARREIRO SECRETARY 0.20
Officer Director
$0 $0 $0
LORRENE OCCHINO DIRECTOR 0.20
Director
$0 $0 $0
JUNITA FLOWERS DIRECTOR 0.12
Director
$0 $0 $0
KAYLA YANG-BEST PRESIDENT & CEO 30.00
Officer
$30,000 $0 $30,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $85,669 $214,907 $263,165 $-129,238
2024 $486,443 $210,503 $392,403 $275,940
2023 $226,959 $86,074 $146,463 $140,885
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