Civic Intelligence

African Economic Development Solutions

990EZ • Fiscal year 2014 • EIN 80-0345712

Jan 01, 2014 to Dec 31, 2014 • Filed on May 22, 2015

1821 University Ave WSaint Paul, MN 55104

(651) 646-9411

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

88th percentile

$37,500

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 30.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

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

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $53,167Liabilities 2010: $733Net Assets 2010: $52,4342010Assets 2014: $45,093Liabilities 2014: $1,421Net Assets 2014: $43,6722014Assets 2015: $174,380Liabilities 2015: $2,098Net Assets 2015: $172,2822015Assets 2016: $203,572Liabilities 2016: $3,354Net Assets 2016: $200,2182016Assets 2017: $261,355Liabilities 2017: $56,918Net Assets 2017: $204,4372017Assets 2018: $566,671Liabilities 2018: $166,319Net Assets 2018: $400,3522018Assets 2019: $1,506,400Liabilities 2019: $427,248Net Assets 2019: $1,079,1522019Assets 2020: $4,047,906Liabilities 2020: $1,815,849Net Assets 2020: $2,232,0572020Assets 2021: $5,659,267Liabilities 2021: $1,931,257Net Assets 2021: $3,728,0102021Assets 2022: $6,521,701Liabilities 2022: $2,122,221Net Assets 2022: $4,399,4802022Assets 2023: $10,106,080Liabilities 2023: $3,716,723Net Assets 2023: $6,389,3572023Assets 2024: $13,711,523Liabilities 2024: $4,424,956Net Assets 2024: $9,286,5672024

Highlighted filing

2014

Assets$45,093
Liabilities$1,421
Net Assets$43,672

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2010: $98,790Expenses 2010: $48,035Net Income 2010: $50,7552010Revenue 2014: $124,229Expenses 2014: $98,464Net Income 2014: $25,7652014Revenue 2015: $314,629Expenses 2015: $186,017Net Income 2015: $128,6122015Revenue 2016: $376,709Expenses 2016: $348,773Net Income 2016: $27,9362016Revenue 2017: $451,893Expenses 2017: $442,212Net Income 2017: $9,6812017Revenue 2018: $610,400Expenses 2018: $529,817Net Income 2018: $80,5832018Revenue 2019: $1,245,666Expenses 2019: $566,866Net Income 2019: $678,8002019Revenue 2020: $5,145,016Expenses 2020: $3,917,111Net Income 2020: $1,227,9052020Revenue 2021: $2,479,243Expenses 2021: $983,290Net Income 2021: $1,495,9532021Revenue 2022: $3,784,754Expenses 2022: $3,113,284Net Income 2022: $671,4702022Revenue 2023: $3,868,135Expenses 2023: $1,878,258Net Income 2023: $1,989,8772023Revenue 2024: $5,189,587Expenses 2024: $2,292,377Net Income 2024: $2,897,2102024

Highlighted filing

2014

Revenue$124,229
Expenses$98,464
Net Income$25,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 22, 2015
Return Version
2014v5.0
Gross Receipts
$124,229
Mission and Program Overview

Mission

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

Program Services

DescriptionGrantsExpenses
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GENE GELGELUExecutive DirectorFT$37,500-$37,500
TESHITE WAKOBoard Chair-$0--
AMANO DUBEBoard Member-$0--
HABTAMU AWETUBoard Member-$0--
ABDIRAHMAN AHMEDBoard Treasurer-$0--
LEILA S PAYE BAKERSecretary-$0--
KATE SPEEDBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
African Economic Development Soluti
EIN
80-0345712
Address
1821 UNIVERSITY AVE W, SAINT PAUL, MN 55104

Signing Officer

Name
Gene Gelgelu
Title
Executive Direc
Phone
6516469411
Signed
2015-05-22
Discuss with paid preparer
Yes

Preparer

Firm
Peter Deng Associates CPA
Address
1885 UNIVERSITY AVE W STE 269, Saint Paul, MN 55104
Preparer
Peter Deng
Phone
6519170809
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

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

Description of other assets Part II line 24

Category beginning of year end of yearloan receivable 1,064 2,483

Description of total liabilities Part II line 26

Category beginning of year end of yeartotal liabilities 9,320 453fiscal agent payable 0 968

Other program services Part III line 31

Homeownership program. Aeds provided to 72 families in homeownership worshop in fiscal year 2014

Raw XML Appendix175 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SAINT PAUL
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IRS990EZ/LandAndBuildingsGrp/BOYAmt0372
IRS990EZ/LandAndBuildingsGrp/EOYAmt0681
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt017907
IRS990EZ/NetAssetsOrFundBalancesEOYAmt043672
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GENE GELGELU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TESHITE WAKO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2AMANO DUBE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3HABTAMU AWETU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ABDIRAHMAN AHMED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5LEILA S PAYE BAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6KATE SPEED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt02483
IRS990EZ/OtherExpensesTotalAmt056714
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrintingPublicationsPostageAmt0988
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1BUSINESS COACHING AND TECHNICAL ASSISTANCE DURING 2014 AEDS PROVIDED SERVICE TO 33 BUSINESSES BY AEDS STAFF AND CONSULTANTS
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt037500
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalExpensesAmt098464
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IRS990EZ/TotalRevenueAmt0124229
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0124395
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt078
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IRS990ScheduleA/TotalSupportAmt0124473
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION 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/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARLOAN RECEIVABLE 1,064 2,483
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARTOTAL LIABILITIES 9,320 453FISCAL AGENT PAYABLE 0 968
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HOMEOWNERSHIP PROGRAM. AEDS PROVIDED TO 72 FAMILIES IN HOMEOWNERSHIP WORSHOP IN FISCAL YEAR 2014
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other program services Part III line 31
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GENE GELGELU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum06516469411
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AFRICAN ECONOMIC DEVELOPMENT SOLUTI
ReturnHeader/Filer/BusinessNameControlTxt0AFRI
ReturnHeader/Filer/EIN0800345712
ReturnHeader/Filer/USAddress/AddressLine1Txt01821 UNIVERSITY AVE W
ReturnHeader/Filer/USAddress/CityNm0SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411854374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETER DENG ASSOCIATES CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01885 UNIVERSITY AVE W STE 269
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Saint Paul
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055104
ReturnHeader/PreparerPersonGrp/PhoneNum06519170809
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Peter Deng
ReturnHeader/ReturnTs02015-07-24T13:03:22-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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