Civic Intelligence

African Economic Development Solutions

990 • Fiscal year 2023 • EIN 80-0345712

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 22, 2024

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

67th percentile

0.37x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.96x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$156,844

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

91st percentile

55%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

2.2%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$10,106,080

Up $3,584,379 (+55%) from 2022

Net Assets

Up

$6,389,357

Up $1,989,877 (+45%) from 2022

Liabilities

Up

$3,716,723

Up $1,594,502 (+75%) from 2022

Revenue

Up

$3,868,135

Up $83,381 (+2.2%) from 2022

Expenses

Down

$1,878,258

Down $1,235,026 (-40%) from 2022

Net Income

Up

$1,989,877

Up $1,318,407 (+196%) from 2022

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

2023

Assets$10,106,080
Liabilities$3,716,723
Net Assets$6,389,357

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

2023

Revenue$3,868,135
Expenses$1,878,258
Net Income$1,989,877
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 22, 2024
Return Version
2023v5.1
Gross Receipts
$3,868,135
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$3,411,954$5,421,256▲ $2,009,302
Other Notes and Loans Receivable, Net$2,279,728$3,499,289▲ $1,219,561
Land, Buildings, and Equipment, Net$478,872$878,782▲ $399,910
Pledges and Grants Receivable$350,284$274,399▼ $75,885
Prepaid Expenses and Deferred Charges$236$32,354▲ $32,118
Total Assets$6,521,701$10,106,080▲ $3,584,379
Other Assets Total$627$0▼ $627
Liabilities
Unsecured Notes Loans Payable$1,140,000$2,431,425▲ $1,291,425
Other Liabilities$796,694$1,205,085▲ $408,391
Grants Payable$100,000$0▼ $100,000
Accounts Payable and Accrued Expenses$85,527$80,213▼ $5,314
Total Liabilities$2,122,221$3,716,723▲ $1,594,502
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,156,357$3,708,692▲ $552,335
Net Assets With Donor Restrictions$1,243,123$2,680,665▲ $1,437,542
Total Net Assets Fund Balance$4,399,480$6,389,357▲ $1,989,877
Total Liabilities and Net Assets / Fund Balance$6,521,701$10,106,080▲ $3,584,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$764,308$30,205$794,513
Land$94,642-$94,642
Equipment$19,832$31,587$51,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gene GelgeluPresident & CEOFT$133,436$23,408$156,844

Board Members and Trustees

NameTitle
Kate SpeedChair
Anthony J IsubikaluDirector
Ebisso UkaDirector
Grover JonesDirector
Nonkulueko ShongweDirector
Omer KissiDirector
Rebecca CooperSecretary
Gebi TufaaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,627,508
Program Service Revenue
$231,646
Investment Income
$0
Other Revenue
$8,981
All Other Contributions
$3,033,620
Change in Net Assets
$1,989,877

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,868,135
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,868,135
Total Revenue per Form 990
$3,868,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,062,815
Other Expenses$775,840
Total Fundraising Expense$119,795
Grants and Similar Amounts Paid$39,603
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$763,208$71,831$62,852$897,891
Conferences and Meetings$210,076--$210,076
Fees for Services Other$103,884$37,300$31,200$172,384
Other Employee Benefits$84,168$7,922$6,932$99,022
Payroll Taxes$56,017$5,272$4,613$65,902
Office Expenses$3,343$62,186-$65,529
Occupancy$46,950$4,419$3,867$55,236
Travel$45,237$4,258$3,725$53,220
Grants to Domestic Individuals$39,603--$39,603
Advertising$29,438$620$930$30,988
Insurance$20,505$1,930$1,689$24,124
Interest$17,963--$17,963
Depreciation Depletion$13,111$1,234$1,080$15,425
Other Expenses$4,408$4,705$1,568$4,408
Information Technology$952$90$78$1,120
Total Functional Expenses$1,555,255$203,208$119,795$1,878,258

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,878,258
Total Expenses per Audited Statements$1,878,258
Total Expenses per Form 990$1,878,258
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$660,667
Due to Mn Inclusive Growth Fund$544,418
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
2024-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gene Gelgelu
Formed
2008
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
15
Volunteers
0

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 XII, Line 2C

No change from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization has a tax-exempt status under section 501(c)(3) of the internal revenue code and has adopted accounting for uncertainty in income taxes, asc 740-10. The organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the internal revenue code and charitable contributions by donors are tax deductible. In compliance with its exempt status, the organization annually files a return of organization exempt from income tax (form 990).

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IRS990/Desc0BUSINESS DEVELOPMENT TRAINING AND SMALL BUSINESS CONSULTING PROGRAM PROVIDED SERVICE TO 1286 CLIENTS IN 2023. 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.HOMEOWNERSHIP AND FINANCIAL LITERACY WORKSHOP PROGRAM PROVIDED TO 114 FAMILIES IN WORKSHOPS AND COUNSELING IN 2023. 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 2023. 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/MissionDesc0AFRICAN 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.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OccupancyGrp/ProgramServicesAmt046950
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt099022
IRS990/OtherExpensesGrp/Desc0LOAN LOSS EXPENSE
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2BANK CHARGES AND FEES
IRS990/OtherExpensesGrp/Desc3PROGRAM EXPENSES
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IRS990/OtherExpensesGrp/TotalAmt34408
IRS990/OtherLiabilitiesGrp/BOYAmt0796694
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0897891
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03499289
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04613
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05272
IRS990/PayrollTaxesGrp/ProgramServicesAmt056017
IRS990/PayrollTaxesGrp/TotalAmt065902
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0350284
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0274399
IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt177271
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177271
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03543104
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01155000
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt012664
IRS990/PYProgramServiceRevenueAmt0228986
IRS990/PYRevenuesLessExpensesAmt0671470
IRS990/PYSalariesCompEmpBnftPaidAmt0855231
IRS990/PYTotalExpensesAmt03113284
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03784754
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01989877
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0231646
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03627508
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03543104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02396539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04973600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01170326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015711077
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt021645
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04973600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01170326
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015711077
IRS990ScheduleA/TotalSupportAmt015755608
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
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt030205
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0794513
IRS990ScheduleD/EquipmentGrp/BookValueAmt019832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031587
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051419
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01878258
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt094642
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0660667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1544418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MN DEED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO MN INCLUSIVE GROWTH FUND
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. THE ORGANIZATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE ORGANIZATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, THE ORGANIZATION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0878782
IRS990ScheduleD/TotalExpensesPerForm990Amt01878258
IRS990ScheduleD/TotalLiabilityAmt01205085
IRS990ScheduleD/TotalRevenuePerForm990Amt03868135
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03868135
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01878258
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt039603
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SMALL BUSINESS GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
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:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023408
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GENE GELGELU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0156844
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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.

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