Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
African Economic Development Solutions
990 • Fiscal year 2020 • EIN 80-0345712
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.45x
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
36th percentile
Higher top officer pay than 36% of similar nonprofits.
Top officer pay equals 1.7% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
Balance Sheet
Assets
Up$4,047,906
Up $2,541,506 (+169%) from 2019
Net Assets
Up$2,232,057
Up $1,152,905 (+107%) from 2019
Liabilities
Up$1,815,849
Up $1,388,601 (+325%) from 2019
Revenue And Expenses
Revenue
Up$5,145,016
Up $3,899,350 (+313%) from 2019
Expenses
Up$3,917,111
Up $3,350,245 (+591%) from 2019
Net Income
Up$1,227,905
Up $549,105 (+81%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 15, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $5,145,016
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.
African Economic Development Solutions (AEDS) builds wealth within African immigrant communities in the Twin Cities through economic development activities.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $693,778 | $2,105,318 | ▲ $1,411,540 |
| Other Notes and Loans Receivable, Net | $524,900 | $1,478,499 | ▲ $953,599 |
| Pledges and Grants Receivable | $273,500 | $445,886 | ▲ $172,386 |
| Land, Buildings, and Equipment, Net | $10,100 | $10,689 | ▲ $589 |
| Prepaid Expenses and Deferred Charges | $3,495 | $3,553 | ▲ $58 |
| Accounts Receivable | - | $3,334 | - |
| Total Assets | $1,506,400 | $4,047,906 | ▲ $2,541,506 |
| Other Assets Total | $627 | $627 | → $0 |
| Liabilities | |||
| Other Liabilities | $144,440 | $953,384 | ▲ $808,944 |
| Unsecured Notes Loans Payable | $281,303 | $575,709 | ▲ $294,406 |
| Grants Payable | - | $280,000 | - |
| Accounts Payable and Accrued Expenses | $1,505 | $6,756 | ▲ $5,251 |
| Total Liabilities | $427,248 | $1,815,849 | ▲ $1,388,601 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $806,652 | $1,663,448 | ▲ $856,796 |
| Net Assets With Donor Restrictions | $272,500 | $568,609 | ▲ $296,109 |
| Total Net Assets Fund Balance | $1,079,152 | $2,232,057 | ▲ $1,152,905 |
| Total Liabilities and Net Assets / Fund Balance | $1,506,400 | $4,047,906 | ▲ $2,541,506 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $10,689 | $19,015 | $29,704 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Gene Gelgelu | President & CEO | FT | $85,800 | $3,900 | $89,700 |
Board Members and Trustees
| Name | Title |
|---|---|
| Kate Speed | Chair |
| Abraham Dalu | Board Member |
| Anthony J Isubikalu | Board Member |
| Rebecca Cooper | Secretary |
| Phillip L Hampton | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $4,973,600
- Program Service Revenue
- $148,004
- Investment Income
- $15
- Other Revenue
- $23,397
- All Other Contributions
- $1,883,833
- Change in Net Assets
- $1,227,905
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $5,145,016
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $5,145,016
- Total Revenue per Form 990
- $5,145,016
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $3,100,457 |
| Salaries, Compensation, and Employee Benefits | $484,167 |
| Other Expenses | $332,487 |
| Total Fundraising Expense | $45,521 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $3,100,457 | - | - | $3,100,457 |
| Other Salaries and Wages | $283,564 | $22,565 | $19,744 | $325,873 |
| Fees for Services Other | $100,998 | $23,121 | $10,313 | $134,432 |
| Current Officers, Directors, Trustees, and Key Employees | $77,975 | $6,253 | $5,472 | $89,700 |
| Advertising | $73,111 | $1,539 | $2,309 | $76,959 |
| Other Employee Benefits | $30,171 | $2,841 | $2,484 | $35,496 |
| Payroll Taxes | $25,047 | $4,697 | $1,565 | $31,309 |
| Occupancy | $23,903 | $2,250 | $1,969 | $28,122 |
| Conferences and Meetings | $21,128 | - | - | $21,128 |
| Office Expenses | - | $20,040 | - | $20,040 |
| Fees for Services Accounting | - | $12,809 | - | $12,809 |
| Insurance | $8,373 | $789 | $687 | $9,849 |
| Depreciation Depletion | $3,749 | $353 | $310 | $4,412 |
| Other Expenses | $1,492 | $746 | $249 | $2,487 |
| Pension Plan Contributions | $1,521 | $143 | $125 | $1,789 |
| Travel | $331 | $31 | $27 | $389 |
| All Other Expenses | - | $149 | - | $149 |
| Interest | $142 | - | - | $142 |
| Total Functional Expenses | $3,766,478 | $105,112 | $45,521 | $3,917,111 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,917,111 |
| Total Expenses per Audited Statements | $3,917,111 |
| Total Expenses per Form 990 | $3,917,111 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Alkarama Mall Inc | Minneapolis, MN | - | COVID-19 Assistance | $187,500 |
| Madina Management Group | Saint Paul, MN | - | COVID-19 Assistance | $177,500 |
| Riverside Mall | Minneapoils, MN | - | COVID-19 Assistance | $157,500 |
| JigJiga Mall | Champlin, MN | - | COVID-19 Assistance | $117,500 |
| 2RHawkins LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| 7th Street Beer Company LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| A1 Cuts Barbershop LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| AL-Matar Hajj and Umrah Inc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Abdikarim Ali | Shakopee, MN | - | COVID-19 Assistance | $10,000 |
| Advantage Picture Framing Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Ahlam Beauty & Acessories LLC | Burnsville, MN | - | COVID-19 Assistance | $10,000 |
| Ahmed Mohamed | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Akwuba Law Office | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Al Madiina | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Amal Shop | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Amazed Group LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Ami Electronics Inc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Ashama Grocery & meat | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Awash Market LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Azzone Security Investigation Agency Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| BC Tire | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Bangkok Thai Deli Restaurant LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Barely Brothers Records LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Barwaqo clothing llc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Bass Bass supply | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Beauty Secret 1 | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Biruk Studio LLC | Richfield, MN | - | COVID-19 Assistance | $10,000 |
| Blaine Quick Food & Fuel Inc | minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Blarney Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Blush & Whim LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Bougies LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Brandy McCraney | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Brending Electrolysis Inc | Osseo, MN | - | COVID-19 Assistance | $10,000 |
| Bridal Aisle Wedding Consignment LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Brock-Frederick Molden | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Burning Brothers Brewing LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Campus Cafe LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Center For Lost Objects LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Charlottee Stylist | Brooklyn Park, MN | - | COVID-19 Assistance | $10,000 |
| Christyne Ann Eickstadt | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Classic Acupuncture Services and Chinese Medicine Inc | Coon Rapids, MN | - | COVID-19 Assistance | $10,000 |
| Diamond Nails And Spa LLC Inc | Andover, MN | - | COVID-19 Assistance | $10,000 |
| Divine Auto Sales LLC | saint paul, MN | - | COVID-19 Assistance | $10,000 |
| Dp Mccue Inc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Dreamers Vault Games Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| E Squared LLC | Eden Prairie, MN | - | COVID-19 Assistance | $10,000 |
| EWC MN Three LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Eden Recreation LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Ei8hty6ix Branding | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Emily Savage Rolfing | Shakopee, MN | - | COVID-19 Assistance | $10,000 |
| Empire Gas & Grocery LLC | Brooklyn park, MN | - | COVID-19 Assistance | $10,000 |
| Ermigebeya llc | Brooklyn Park, MN | - | COVID-19 Assistance | $10,000 |
| Eurotrendz | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Evergreen Acupuncture LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| FRGMNT Coffee Co LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Farhia Yusuf | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Fly Freak Yoga LLC | Blaine, MN | - | COVID-19 Assistance | $10,000 |
| FortuneFive Sports | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| GI Wireless LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Gigi Decker DBA A Sensitive Touch | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Global Braids & Salon | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Go get it tobacco LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Golden Chow Mein | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Good Luck Charmer Cloth & Cream LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Grandview Barber | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| H&M Digital Market LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Hafner Realty | Minnetonka, MN | - | COVID-19 Assistance | $10,000 |
| Hagbad Financial LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Hair by Tiffany MN | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Hami Express Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Hamline Inc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Hanna boutique | Wayzata, MN | - | COVID-19 Assistance | $10,000 |
| Hawo Hersi Dba Alhuda Store | Rogers, MN | - | COVID-19 Assistance | $10,000 |
| Healthy Eating MN LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Heartland Auto Connection | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Heimie's Haberdashery | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Herbal Retail Sales | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Hobbs Home Care LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Hogan Bar Claddagh Cofe | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Hogan Bard LLC | Shoreview, MN | - | COVID-19 Assistance | $10,000 |
| House of Talents LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| House of gristle | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Infinite Hair | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Ingridients Caribbean Cafe LLC | Brooklyn Center, MN | - | COVID-19 Assistance | $10,000 |
| Istabrak Restaurant Corp | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Jammin Wings | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Jeffry Durst | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Joan's in the Park | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Jovol Luxe LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Juba Electronics Services Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Just Truffles Inc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Kafka Too Enterprise Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Karbash Kollection | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Kng LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Kong & Su Tax Service | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Kula Fitness LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| LIFE Custom Clothing and Screenprinting LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| La Nails Eagan Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Lakes Adult Day Care Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Lanoras entities LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Legacy Barber Lounge | Burnsville, MN | - | COVID-19 Assistance | $10,000 |
| Legacy Barber Lounge LLC | Minnapolis, MN | - | COVID-19 Assistance | $10,000 |
| Leonura LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Lima Styles | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Little North Fork Limited Liability Company | Brooklyn Center, MN | - | COVID-19 Assistance | $10,000 |
| Lumin Bodywork LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| M&B Hair Braiding & Beauty Supply | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| McAllister Music LCC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Merriam Park Nails | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Michelle Brusegaard | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Midwest Market And Halaal Meat Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Mill City Laser LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Minnesota Chimney Cakes LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Minnesota Music Club Inc | Burnsville, MN | - | COVID-19 Assistance | $10,000 |
| MinnesotaColdTv | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Mj Accents | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Mobile Entertainment LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Molly Black Style | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Music go Round | New Hope, MN | - | COVID-19 Assistance | $10,000 |
| Nasibwireless inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Ncxt LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| New Hope Bowl Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Nimostyle | Bloomington, MN | - | COVID-19 Assistance | $10,000 |
| Nogob coffee shop | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| North Garden Theater LLC | Mounds View, MN | - | COVID-19 Assistance | $10,000 |
| Ontime health care llc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| P&C Massage Corp | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| P-Fashion | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Partners In Care LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Peggy Webb | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Phi Chay Thai Cuisine of MN Corporation | Brooklyn Park, MN | - | COVID-19 Assistance | $10,000 |
| Phil in the Circle LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Philipino Market Place LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Pompadorz Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Positive Image | Roseville, MN | - | COVID-19 Assistance | $10,000 |
| Prism Holistic Life Coaching & Consulting LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Providence Home care inc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Pura Vida Massage Therapy | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| R A James & Associates | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Rachel Farganis Photography LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Rawdah Trading Services INC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Red Moon LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Rohobot Hair Brading Salon | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Rotan inc | St Paul, MN | - | COVID-19 Assistance | $10,000 |
| Rugged North LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| SIR Cerresso Fort Boxing and Fitness LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| SRS Cards Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Sade Hahsi Great Lake INC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Salama Electronics LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Samia Adish | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Samsam Food Distribution | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Schmidty's Sports Barbers Inc | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Seward Pharmacy | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Shangani Store | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Skyline Market LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Skyy Event & Designs LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Snelling LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Soultry Unlimited Sizes | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Spinning Wylde LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Spoils of Wear LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| St Paul Brazilian Jiu Jitsu Academy LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| St Paul Yoga Center | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Stacia Hilmar | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Star Nail | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Stogies Inc | Minnetonka, MN | - | COVID-19 Assistance | $10,000 |
| T&C Barbershop | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| TK Inspiration Inc | Brooklyn Park, MN | - | COVID-19 Assistance | $10,000 |
| Tami And The Bachelor | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Tamra L King | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Tayo Grill LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Teste Vetinam food | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| The Beautique LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| The Chair Hairstyling | Saint Louis Park, MN | - | COVID-19 Assistance | $10,000 |
| The Midway Entertainment Group | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| The Milligan Studio | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| The Shoe Factory LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Tonka Medical Supplies | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Top Style LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Triple A'S Deli LLC | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| True Stone Lowertown Inc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Tuma's Catering LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Tuo's Haircut | Brooklyn Center, MN | - | COVID-19 Assistance | $10,000 |
| U pack Post LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| University Halal-Meat Market Inc | Bloomington, MN | - | COVID-19 Assistance | $10,000 |
| University Reality Limited | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| V & I Best Steak House | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Vico'S Collections LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Victor Entertainment INC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Viking Airport taxi LLC | Burnsville, MN | - | COVID-19 Assistance | $10,000 |
| Vina | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| West Bank Furniture | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| White squirrel llc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Winding Trail Books LLC | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Wireless outlet | Minneapolis, MN | - | COVID-19 Assistance | $10,000 |
| Woodburry Tobaco & Cigar Depot Plus | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| Wung Lee Supermarket | - | - | COVID-19 Assistance | $10,000 |
| Yang Fashion | - | - | COVID-19 Assistance | $10,000 |
| Yummy Chicken Bake Co | - | - | COVID-19 Assistance | $10,000 |
| Ziam Clothing Store | - | - | COVID-19 Assistance | $10,000 |
| Zimmerman Dry Goods LLC | - | - | COVID-19 Assistance | $10,000 |
| bMack LLC | Little Canada, MN | - | COVID-19 Assistance | $10,000 |
| classic designs llc | Saint Paul, MN | - | COVID-19 Assistance | $10,000 |
| scrum technologies | Chaska, MN | - | COVID-19 Assistance | $10,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Due to MN Dept of Employment and Economic Development | $953,384 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, line 11B
“Board reviews the Form 990 at its meeting and approves before filing.”
Form 990, Part VI, Section B, line 12C
“The Board regularly monitors the compliance with the conflict of interest policy.”
Form 990, Part VI, Section B, line 15
“Board decides the Executive Director's salary after doing market comparison and determining the Organization's resources available for compensation.”
Form 990, Part VI, Section C, line 19
“Available upon request.”
Filing and Contact Details
Filer
- Filer Name
- African Economic Development Solutions
- EIN
- 80-0345712
- Phone
- 6516469411
- Address
- 1821 University Ave W No S145, St Paul, MN 55104
Signing Officer
- Name
- Gene Gelgelu
- Title
- President & CEO
- Phone
- 6516469411
- Signed
- 2021-11-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Gene Gelgelu
- Formed
- 2008
- Legal Domicile
- Mn
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 8
- Volunteers
- 10
Preparer
- Firm
- Abdo Eick & Meyers LLP
- Address
- 5201 Eden Avenue Suite 250, Edina, MN 55436
- Preparer
- Steve Anseth
- Phone
- 9528359090
Supplemental Narrative
Additional Explanations
Form 990, Part XII, Line 2C:
“The process has not changed from the prior year.”
Form 990, Part XII, Line 3B:
“The Organization is currently in the process of undergoing the Single Audit.”
Raw XML AppendixShowing 400 of 1,998 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 |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1505 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 6756 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 3334 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | African Economic Development Solutions (AEDS) builds wealth within African immigrant communities in the Twin Cities through economic development activities. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 2309 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 1539 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 73111 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 76959 |
| IRS990/AllOtherContributionsAmt | 0 | 1883833 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 149 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 149 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Gene Gelgelu |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6516469411 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1821 University Ave W No S145 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | St Paul |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55104 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 693778 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2105318 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 5472 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 6253 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 77975 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 89700 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 21128 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 21128 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 4973600 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 3100457 |
| IRS990/CYInvestmentIncomeAmt | 0 | 15 |
| IRS990/CYOtherExpensesAmt | 0 | 332487 |
| IRS990/CYOtherRevenueAmt | 0 | 23397 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 148004 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1227905 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 484167 |
| IRS990/CYTotalExpensesAmt | 0 | 3917111 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 45521 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 5145016 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 310 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 353 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 3749 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 4412 |
| IRS990/Desc | 0 | Business Development Training and Small Business Consulting program provided service to 1286 clients in 2020. The program equips African immigrants and members clients of other marginalized communities in the Twin Cities and greater Minnesota with pertinent business skills indispensable for their success as entrepreneurs of color. The training consists of classes, workshops, field work, and one-on-one sessions. Some of the areas the program provides business consulting to existing or aspiring entrepreneurs in are licensing and lease review, finance, and accounting services, and crafting effective growth strategies and organizational structures. This program also includes the micro loans, which are to help provide access to the capital that helps launch their businesses, in addition to COVID-19 grants to businesses and malls. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 272500 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 568609 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 8 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 3117774 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 12809 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 12809 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 10313 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 23121 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 100998 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 134432 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 3900 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Gene Gelgelu |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Kate Speed |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Rebecca Cooper |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Phillip L Hampton |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Anthony J Isubikalu |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Abraham Dalu |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 85800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2008 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GovernmentGrantsAmt | 0 | 3089767 |
| IRS990/GrantAmt | 0 | 3100457 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 280000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 3100457 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 3100457 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 5145016 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 687 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 789 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 8373 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 9849 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 142 |
| IRS990/InterestGrp/TotalAmt | 0 | 142 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 15 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 15 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 215 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 19015 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 10100 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 10689 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 29704 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | African Economic Development Solutions (AEDS) builds wealth within African immigrant communities 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1079152 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2232057 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 806652 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1663448 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 1969 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 2250 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 23903 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 28122 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 20040 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 20040 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 627 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 627 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 2484 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 2841 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 30171 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 35496 |
| IRS990/OtherExpensesGrp/Desc | 0 | Miscellaneous |
| IRS990/OtherExpensesGrp/Desc | 1 | Rental and maintenance |
| IRS990/OtherExpensesGrp/Desc | 2 | Telephone |
| IRS990/OtherExpensesGrp/Desc | 3 | Bank charges and fees |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 23 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 244 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 249 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 6506 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 280 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 746 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 6798 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 4746 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 2972 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 1492 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 13327 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 4746 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 3496 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2487 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 144440 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 953384 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellaneous Income |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 23397 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 23397 |
| IRS990/OtherRevenueTotalAmt | 0 | 23397 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 19744 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 22565 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 283564 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 325873 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 524900 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 1478499 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 1565 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4697 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 25047 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 31309 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 125 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 143 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 1521 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 1789 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 273500 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 445886 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 3495 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 3553 |
| IRS990/PrincipalOfficerNm | 0 | Gene Gelgelu |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -75000 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Home stretch fees |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Program revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Loan income |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 81566 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 38769 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 27669 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 81566 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 38769 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 27669 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Homeownership and Financial Literacy Workshop program provided to 114 families in workshops and counseling in 2020. The program helps disadvantaged families and first-time homebuyers make informed decisions as they fully realize their slice of the American Dream, and to help individuals or families develop the skills necessary to succeed in the complex world of finance. Housing counselors can review your finances, credit report, and provide information on current mortgage loan programs, including down payment and closing cost assistance. Workshops will also assist in learning to make educated financial decisions and achieve financial goals. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 18049 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 17020 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Little Africa engaged with an estimated 10,000 people through our virtual Little African annual festival and National African Leadership Conference events in 2020. This program is designed to engage with artists and communities to build local economy through arts and building leadership capacity in the community. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 630655 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 119514 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | The AEDS Workforce Program partnered with Ramsey County and provided workforce services to residents of Ramsey during the Covid-19 period from September 2020 to December 31st, 2020. The program offered services to 150 clients or residents to Ramsey County, Minnesota from September 2020 to December 31st, 2020.The services include recruitment of job seekers, job placement, and adopting a sustainability approach for job seekers. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1099077 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 22871 |
| IRS990/PYOtherExpensesAmt | 0 | 209384 |
| IRS990/PYOtherRevenueAmt | 0 | 1276 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 122442 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 678800 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 357482 |
| IRS990/PYTotalExpensesAmt | 0 | 566866 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1245666 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1227905 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 11470 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Other income consists of miscellaneous income and other types of revenue. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part II, Section B, Line 10: |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 4973600 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1170326 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 452104 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 348297 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 198424 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 7142751 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 15 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 22871 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3765 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1666 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 76 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 28393 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 697956 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 23397 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1276 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3450 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 232 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3478 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 31833 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.95790 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.69440 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 6899931 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 242820 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 4973600 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1170326 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 452104 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 348297 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 198424 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 7142751 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 7202977 |
| 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 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 10689 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 19015 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 29704 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3917111 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 953384 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Due to MN Dept of Employment and Economic Development |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 5145016 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 10689 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3917111 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 953384 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 5145016 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 5145016 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3917111 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 7 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 8 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 9 | 187500 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 10 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 11 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 12 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 13 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 14 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 15 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 16 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 17 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 18 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 19 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 20 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 21 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 22 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 23 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 24 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 25 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 26 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 27 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 28 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 29 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 30 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 31 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 32 | 10000 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $4,047,906
- Liabilities
- $1,815,849
- Net assets
- $2,232,057
- Revenue
- $5,145,016
- Expenses
- $3,917,111
- Net income
- $1,227,905