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West Bank Business Association

EIN 41-1694119 · Minneapolis, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceFair56 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$309,899
Spending
$267,420
Spent on programs
90%
Reserves
12.2 months of spending
Largest source of income
government grants, 64%
Employees
17
Volunteers
0
Highest pay
$64,778, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 88% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 12.2 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 14% of income.

  • Income trend

    15 of 15

    Income rose 7% on the year before.

  • Spending floor

    15 of 15

    90% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 56 out of 100. Higher than 20% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $55,100 spent. DISTRICT MARKETING & EVENTS- HOSTED IMAGINE CEDARFEST BLOCK PARTY EVENT SEPTEMBER 2024 FEATURING LOCAL BUSINESSES, 4 STAGES OF MUSIC AND THEATER, A CAMEL, A WIENER DOG RACE, AS WELL AS GAMES AND ACTIVITIES- INSTALLED FOUR MURALS CELEBRATING ARTS AND CULTURE IN THE DISTRICT- COLLECTED MATERIALS FOR OUR WEST BANK COMMUNITY ARCHIVE AND DEVELOPED ONLINE ARCHIVE FOR THE PUBLIC- RAN DISTRICT CLEAN UPS- SERVED AS THE NEIGHBORHOOD'S ARTS AND CULTURE AMBASSADOR AND CONVENED CONVERSATIONS ABOUT THE ARTS AND CULTURE FUTURE OF THE NEIGHBORHOOD- BEGAN WORK ON REPAIRING A SMASHED UP CHILDREN'S BUS STOP SHELTER AND INSTALLING CUSTOM MADE PROTECTIVE ART SCREENS
  2. $125,561 spent. SAFETY & YOUTH ENGAGEMENT- DRAMATICALLY EXPANDED OUR YOUTH GARDENING PROGRAM TO HIRE 16 YOUTH AFFECTED BY HOUSING INSECURITY AND SUBSTANCE USE TO GARDEN IN 8 GARDEN AREAS, BEAUTIFYING THE NEIGHBORHOOD- HOSTED 20 WEEKS OF FREE ARTS AND MUSIC, DISTRIBURED HEALTHY FOOD, AND HOSTED HOMELESSNESS RESOURCE FAIRS IN A BLIGHTED LOT OFF CEDAR AVENUE- HOSTED THE MONTHLY NEIGHBORHOOD SAFETY MEETING AND ADVOCATING FOR SAFETY PROGRAMS IN THE NEIGHBORHOOD, SERVING ALMOST 2,000 PEOPLE- ENGAGED WITH COMMUNITY EDUCATING PEOPLE ABOUT THE SAFETY AND HEALTHFULNESS OF TAP WATER- HOSTED TRANSPORTATION AND PARKING COMMITTEE FOR THE NEIGHBORHOOD- HOSTED A WEST BANK PUPPET SHOW BY NEIGHBORHOOD YOUTH
  3. $53,759 spent. TECHNICAL ASSISTANCE AND OUTREACH- ASSISTED TWO NEIGHBORHOOD GROCERY STORES TO RECEIVE OVER $100K IN FUNDING FOR IMPROVEMENTS TO MAKE HEALTHY FOOD ACCESSIBLE AND AFFORDABLE IN THE NEIGHBORHOOD- DELIVERED OVER 500 HOURS OF DIRECT TECHINCAL ASSISTANE TO BUSINESSES. 75% OF HOURS DELIVERED WERE TO IMMIGRANT-OWNED BUSINESSES- DISTRIBUTED OVER $50K IN FAADE GRANTS, ALL TO IMMIGRANT-OWNED BUSINESES, LEVERAGING AN ADDITIONA $43,000 IN PRIVATE FUNDING FOR IMPROVEMENTS- SUPPORTED BUSINESSES IN RECEIVING OVER $150K IN STATE FUNDING FOR IMPROVEMENTS TO THEIR BUILDINGS- FUNDRAISED AND DISTRIBUTED $15K TO BUSINESSES DISPLACED BY A FIRE
  4. $5,944 spent. COLLABORATIONS & POLICYWE HELPED SPONSOR SEVERAL COMMUNITY EVENTS INCLUDING THE MULTICULTURAL DINNER, WOMEN'S NIGHT OUT, AND YOUTH COUNCIL PROGRAMS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.