Civic Intelligence

African Economic Development Solutions

990 • Fiscal year 2021 • EIN 80-0345712

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileWWW.AEDS-MN.ORG
1821 University Avenue West S145St Paul, MN 55104

(651) 646-9411

Siviq Scores

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

Liabilities / Assets

71st percentile

0.34x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.78x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

90th percentile

60%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$114,960

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

86th percentile

40%

Faster asset growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-52%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$5,659,267

Up $1,611,361 (+40%) from 2020

Net Assets

Up

$3,728,010

Up $1,495,953 (+67%) from 2020

Liabilities

Up

$1,931,257

Up $115,408 (+6.4%) from 2020

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin90th percentile

Revenue

Down

$2,479,243

Down $2,665,773 (-52%) from 2020

Expenses

Down

$983,290

Down $2,933,821 (-75%) from 2020

Net Income

Up

$1,495,953

Up $268,048 (+22%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

2021

Assets$5,659,267
Liabilities$1,931,257
Net Assets$3,728,010
Open 2021 Filing

Operations Trend

Revenue Growth4th percentile

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

2021

Revenue$2,479,243
Expenses$983,290
Net Income$1,495,953
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$2,479,243
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
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,105,318$3,320,162▲ $1,214,844
Other Notes and Loans Receivable, Net$1,478,499$1,542,563▲ $64,064
Pledges and Grants Receivable$445,886$484,462▲ $38,576
Land, Buildings, and Equipment, Net$10,689$296,243▲ $285,554
Accounts Receivable$3,334$11,657▲ $8,323
Prepaid Expenses and Deferred Charges$3,553$3,553→ $0
Total Assets$4,047,906$5,659,267▲ $1,611,361
Other Assets Total$627$627→ $0
Liabilities
Unsecured Notes Loans Payable$575,709$928,319▲ $352,610
Other Liabilities$953,384$897,801▼ $55,583
Grants Payable$280,000$100,000▼ $180,000
Accounts Payable and Accrued Expenses$6,756$5,137▼ $1,619
Total Liabilities$1,815,849$1,931,257▲ $115,408
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,663,448$2,499,508▲ $836,060
Net Assets With Donor Restrictions$568,609$1,228,502▲ $659,893
Total Net Assets Fund Balance$2,232,057$3,728,010▲ $1,495,953
Total Liabilities and Net Assets / Fund Balance$4,047,906$5,659,267▲ $1,611,361

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$291,318$11,147$302,465
Equipment$4,925$19,779$24,704
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gene GelegeluPresident & CEOFT$102,960$12,000$114,960

Board Members and Trustees

NameTitle
Kate SpeedChair
Abraham DaluDirector
Anthony J IsubikaluDirector
Rebecca CooperSecretary
Phillip HamptonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,396,539
Program Service Revenue
$78,638
Investment Income
$0
Other Revenue
$4,066
All Other Contributions
$1,938,239
Change in Net Assets
$1,495,953

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,479,243
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,479,243
Total Revenue per Form 990
$2,479,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$601,845
Other Expenses$356,445
Total Fundraising Expense$76,061
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$339,086$33,161$29,014$401,261
Fees for Services Other$96,614$26,039$26,514$149,167
Current Officers, Directors, Trustees, and Key Employees$89,502$7,177$6,281$102,960
Other Employee Benefits$47,658$4,485$3,925$56,068
Occupancy$45,055$4,240$3,710$53,005
Office Expenses$3,875$39,181-$43,056
Payroll Taxes$35,323$3,324$2,909$41,556
Conferences and Meetings$35,236--$35,236
Grants to Domestic Individuals$25,000--$25,000
Advertising$18,276$385$577$19,238
Insurance$10,199$960$840$11,999
Depreciation Depletion$10,124$953$834$11,911
Interest$3,673--$3,673
Other Expenses$1,573$787$262$2,622
Information Technology$1,147$108$95$1,350
Travel$363$34$30$427
Total Functional Expenses$785,172$122,057$76,061$983,290

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$983,290
Total Expenses per Audited Statements$983,290
Total Expenses per Form 990$983,290
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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

LiabilityAmount
Due to Mn Deed$897,801
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 prior to 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

“PROVIDED UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
African Economic Development Solutions
EIN
80-0345712
Phone
6516469411
Address
1821 UNIVERSITY AVENUE WEST S145, ST PAUL, MN 55104

Signing Officer

Name
Gene Gelgelu
Title
President & CEO
Phone
6516469411
Signed
2022-11-14
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
10
Volunteers
10

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Marc Colin
Phone
9528310085
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 96,614. Management and general expenses 26,039. Fundraising expenses 26,514. Total expenses 149,167.”

Raw XML AppendixShowing 400 of 444 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.

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IRS990/Desc0BUSINESS DEVELOPMENT TRAINING AND SMALL BUSINESS CONSULTING PROGRAM PROVIDED SERVICE TO 1286 CLIENTS IN 2021. 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.HOMEOWNERSHIP AND FINANCIAL LITERACY WORKSHOP PROGRAM PROVIDED TO 114 FAMILIES IN WORKSHOPS AND COUNSELING IN 2021. 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.LITTLE AFRICA ENGAGED WITH AN ESTIMATED 10,000 PEOPLE THROUGH OUR VIRTUAL LITTLE AFRICAN ANNUAL FESTIVAL AND NATIONAL AFRICAN LEADERSHIP CONFERENCE EVENTS IN 2021. THIS PROGRAM IS DESIGNED TO ENGAGE WITH ARTISTS AND COMMUNITIES TO BUILD LOCAL ECONOMY THROUGH ARTS AND BUILDING LEADERSHIP CAPACITY IN THE COMMUNITY.
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IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2BANK CHARGES AND FEES
IRS990/OtherExpensesGrp/FundraisingAmt01070
IRS990/OtherExpensesGrp/FundraisingAmt1262
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01223
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1787
IRS990/OtherExpensesGrp/ProgramServicesAmt012994
IRS990/OtherExpensesGrp/ProgramServicesAmt19474
IRS990/OtherExpensesGrp/ProgramServicesAmt21573
IRS990/OtherExpensesGrp/TotalAmt015287
IRS990/OtherExpensesGrp/TotalAmt19474
IRS990/OtherExpensesGrp/TotalAmt22622
IRS990/OtherLiabilitiesGrp/BOYAmt0953384
IRS990/OtherLiabilitiesGrp/EOYAmt0897801
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt04066
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04066
IRS990/OtherRevenueTotalAmt04066
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029014
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033161
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0339086
IRS990/OtherSalariesAndWagesGrp/TotalAmt0401261
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01478499
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01542563
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02909
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03324
IRS990/PayrollTaxesGrp/ProgramServicesAmt035323
IRS990/PayrollTaxesGrp/TotalAmt041556
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0445886
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0484462
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03553
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03553
IRS990/PrincipalOfficerNm0GENE GELGELU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046078
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132560
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046078
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132560
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04973600
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03100457
IRS990/PYInvestmentIncomeAmt015
IRS990/PYOtherExpensesAmt0332487
IRS990/PYOtherRevenueAmt023397
IRS990/PYProgramServiceRevenueAmt0148004
IRS990/PYRevenuesLessExpensesAmt01227905
IRS990/PYSalariesCompEmpBnftPaidAmt0484167
IRS990/PYTotalExpensesAmt03917111
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05145016
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01495953
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt078638
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02396539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04973600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01170326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0452104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0348297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09340866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022871
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01666
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028317
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99700
IRS990ScheduleA/PublicSupportPY170Pct00.95790
IRS990ScheduleA/PublicSupportTotal170Amt09340866
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02396539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04973600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01170326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0452104
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0348297
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09340866
IRS990ScheduleA/TotalSupportAmt09369183
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0291318
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011147
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0302465
IRS990ScheduleD/EquipmentGrp/BookValueAmt04925
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019779
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024704
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0983290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0897801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MN DEED
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02479243
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0296243
IRS990ScheduleD/TotalExpensesPerForm990Amt0983290
IRS990ScheduleD/TotalLiabilityAmt0897801
IRS990ScheduleD/TotalRevenuePerForm990Amt02479243
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02479243
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0983290
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt025000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SMALL BUSINESS GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0NO MONITORING SINCE THE GRANTS ARE ALL FOR GENERAL SUPPORT OF THE GRANTEES; THE GRANTS ARE NOT RESTRICTED FOR A PARTICULAR PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REGULARLY MONITORS THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD DECIDES THE EXECUTIVE DIRECTOR'S SALARY AFTER DOING MARKET COMPARISON AND DETERMINING THE ORGANIZATION'S RESOURCES AVAILABLE FOR COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 96,614. MANAGEMENT AND GENERAL EXPENSES 26,039. FUNDRAISING EXPENSES 26,514. TOTAL EXPENSES 149,167.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04047906
IRS990/TotalAssetsEOYAmt05659267
IRS990/TotalAssetsGrp/BOYAmt04047906
IRS990/TotalAssetsGrp/EOYAmt05659267
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02396539
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt076061
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122057
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0785172
IRS990/TotalFunctionalExpensesGrp/TotalAmt0983290
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01815849
IRS990/TotalLiabilitiesEOYAmt01931257
IRS990/TotalLiabilitiesGrp/BOYAmt01815849
IRS990/TotalLiabilitiesGrp/EOYAmt01931257
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02232057
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03728010
IRS990/TotalOtherCompensationAmt012000
IRS990/TotalProgramServiceExpensesAmt0785172
IRS990/TotalProgramServiceRevenueAmt078638
IRS990/TotalReportableCompFromOrgAmt0102960
IRS990/TotalRevenueGrp/ExclusionAmt04066
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078638
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02479243
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04047906
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05659267
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt030
IRS990/TravelGrp/ManagementAndGeneralAmt034
IRS990/TravelGrp/ProgramServicesAmt0363
IRS990/TravelGrp/TotalAmt0427
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,659,267
Liabilities
$1,931,257
Net assets
$3,728,010
Revenue
$2,479,243
Expenses
$983,290
Net income
$1,495,953
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$4.42$9.29$5.19$2.29$2.90
2023Detailed filing. Detailed filing data is available for this year.$10.1$3.72$6.39$3.87$1.88$1.99
2022Detailed filing. Detailed filing data is available for this year.$6.52$2.12$4.40$3.78$3.11$0.67
2021Detailed filing. Detailed filing data is available for this year.$5.66$1.93$3.73$2.48$0.98$1.50
2020Detailed filing. Detailed filing data is available for this year.$4.05$1.82$2.23$5.15$3.92$1.23
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.43$1.08$1.25$0.57$0.68
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.17$0.40$0.61$0.53$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.26$0.06$0.20$0.45$0.44$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.38$0.35$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.31$0.19$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.04$0.12$0.10$0.03
2010Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.10$0.05$0.05