Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
990EZ • Fiscal year 2014 • EIN 80-0345712
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
77th percentile
Higher net margin than 77% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 30.2% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
Down$45,093
Down $8,074 (-15%) from 2010
Net Assets
Down$43,672
Down $8,762 (-17%) from 2010
Liabilities
Up$1,421
Up $688 (+94%) from 2010
Revenue
Up$124,229
Up $25,439 (+26%) from 2010
Expenses
Up$98,464
Up $50,429 (+105%) from 2010
Net Income
Down$25,765
Down $24,990 (-49%) from 2010
African economic development solutions (aeds) builds wealth within african immigrant communities in the twin cities through economic development activities. We work throughout the twin cities metropolitan area to create wealth, lift immigrant communities out of poverty, and contribute to and benefit from the region's vibrant economy.
Entrepreneur training with neighborhood
| Description | Grants | Expenses |
|---|---|---|
| BUSINESS COACHING AND TECHNICAL ASSISTANCE DURING 2014 AEDS PROVIDED SERVICE TO 33 BUSINESSES BY AEDS STAFF AND CONSULTANTS | - | $66,100 |
| AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS IN PARTNERSHIP WITH NEIGHBORHOOD DEVELOPMENT CENTER PROVIDED 2 TRAINING CLASSES TO 29 ASPIRING ENTREPRENEURS AS 9 FEMALE AND 20 MALE AFRICANS | - | $8,813 |
| Other program services | - | $8,813 |
| LOAN ACCESS AEDS HAVE SMALL LOAN FUND BUT LEVERAGED ITS RELATIONSHIP WITH PARTNER ORGANIZATION TO HELP AFRICAN IMMIGRANT ACCESS LOAN FUNDS | - | $4,407 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GENE GELGELU | Executive Director | FT | $37,500 | - | $37,500 |
| TESHITE WAKO | Board Chair | - | $0 | - | - |
| AMANO DUBE | Board Member | - | $0 | - | - |
| HABTAMU AWETU | Board Member | - | $0 | - | - |
| ABDIRAHMAN AHMED | Board Treasurer | - | $0 | - | - |
| LEILA S PAYE BAKER | Secretary | - | $0 | - | - |
| KATE SPEED | Board Member | - | $0 | - | - |
“Description amountdepreciation from 4562 293postage expense 150payroll expenses 3,281staff training expense 1,193legal fees 75grant writing 8,500strategic planning consultant 869office expenses 919supplies expenses 66telephone expenses 1,050home stretch expenses 1,600little africa branding expense 31,310maintenance expense 2,136technical assistance expense 737automobile expense 521conferences expense 183meeting expense 847dues and subscription 1,315other expense 1,669”
“Category beginning of year end of yearloan receivable 1,064 2,483”
“Category beginning of year end of yeartotal liabilities 9,320 453fiscal agent payable 0 968”
“Homeownership program. Aeds provided to 72 families in homeownership worshop in fiscal year 2014”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | GENE GELGELU |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6516469411 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1821 UNIVERSITY AVE W |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SAINT PAUL |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55104 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 25791 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 41929 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 124151 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 25765 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1822 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 27227 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 45093 |
| IRS990EZ/GrossReceiptsAmt | 0 | 124229 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 78 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 372 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 681 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 17907 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 43672 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 17907 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 43672 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 1440 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 37500 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | GENE GELGELU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | TESHITE WAKO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | AMANO DUBE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | HABTAMU AWETU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ABDIRAHMAN AHMED |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | LEILA S PAYE BAKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | KATE SPEED |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1064 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2483 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 56714 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | ENTREPRENEUR TRAINING WITH NEIGHBORHOOD |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 988 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS IN PARTNERSHIP WITH NEIGHBORHOOD DEVELOPMENT CENTER PROVIDED 2 TRAINING CLASSES TO 29 ASPIRING ENTREPRENEURS AS 9 FEMALE AND 20 MALE AFRICANS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | BUSINESS COACHING AND TECHNICAL ASSISTANCE DURING 2014 AEDS PROVIDED SERVICE TO 33 BUSINESSES BY AEDS STAFF AND CONSULTANTS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | LOAN ACCESS AEDS HAVE SMALL LOAN FUND BUT LEVERAGED ITS RELATIONSHIP WITH PARTNER ORGANIZATION TO HELP AFRICAN IMMIGRANT ACCESS LOAN FUNDS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | Other program services |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 8813 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 66100 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 4407 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 3 | 8813 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 37500 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 9320 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1421 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 98464 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 88133 |
| IRS990EZ/TotalRevenueAmt | 0 | 124229 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 124395 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 124395 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 78 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 78 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.55830 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 69494 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 54901 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 124395 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 124395 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 124473 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleC/DirectContactLegislatorsInd | 0 | false |
| IRS990ScheduleC/GrantsOtherOrganizationsInd | 0 | false |
| IRS990ScheduleC/MailingsMembersInd | 0 | false |
| IRS990ScheduleC/MediaAdvertisementsInd | 0 | false |
| IRS990ScheduleC/NotDescribedSection501c3Ind | 0 | false |
| IRS990ScheduleC/PaidStaffOrManagementInd | 0 | false |
| IRS990ScheduleC/PublicationsOrBroadcastInd | 0 | false |
| IRS990ScheduleC/RalliesDemonstrationsInd | 0 | false |
| IRS990ScheduleC/VolunteersInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION AMOUNTDEPRECIATION FROM 4562 293POSTAGE EXPENSE 150PAYROLL EXPENSES 3,281STAFF TRAINING EXPENSE 1,193LEGAL FEES 75GRANT WRITING 8,500STRATEGIC PLANNING CONSULTANT 869OFFICE EXPENSES 919SUPPLIES EXPENSES 66TELEPHONE EXPENSES 1,050HOME STRETCH EXPENSES 1,600LITTLE AFRICA BRANDING EXPENSE 31,310MAINTENANCE EXPENSE 2,136TECHNICAL ASSISTANCE EXPENSE 737AUTOMOBILE EXPENSE 521CONFERENCES EXPENSE 183MEETING EXPENSE 847DUES AND SUBSCRIPTION 1,315OTHER EXPENSE 1,669 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CATEGORY BEGINNING OF YEAR END OF YEARLOAN RECEIVABLE 1,064 2,483 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CATEGORY BEGINNING OF YEAR END OF YEARTOTAL LIABILITIES 9,320 453FISCAL AGENT PAYABLE 0 968 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | HOMEOWNERSHIP PROGRAM. AEDS PROVIDED TO 72 FAMILIES IN HOMEOWNERSHIP WORSHOP IN FISCAL YEAR 2014 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of total liabilities Part II line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other program services Part III line 31 |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GENE GELGELU |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIREC |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6516469411 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-05-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | AFRICAN ECONOMIC DEVELOPMENT SOLUTI |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | AFRI |
| ReturnHeader/Filer/EIN | 0 | 800345712 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1821 UNIVERSITY AVE W |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SAINT PAUL |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55104 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 411854374 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PETER DENG ASSOCIATES CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1885 UNIVERSITY AVE W STE 269 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Saint Paul |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55104 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6519170809 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-07-24 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Peter Deng |
| ReturnHeader/ReturnTs | 0 | 2015-07-24T13:03:22-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
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Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.