NonprofitsAfrican Economic Development Solutions

Education

African Economic Development Solutions

SAINT PAUL, MN

Total revenue

$5.2M

Total expenses

$2.3M

Net assets

$9.3M

Grants received

$7.4M

90 grants

EIN

800345712

Tax year

2024

Mission

African economic development solutions (aeds) builds wealth within african immigrant communities in the twin cities through economic development activities.

Financials

FY 2024

Revenue

Contributions & grants$4.9M
Program service revenue$228K
Investment income
Other revenue$20K
Total revenue$5.2M

Expenses

Grants paid$66K
Salaries & benefits$1.2M
Fundraising$151K
Other expenses$1.1M
Total expenses$2.3M
Total assets$13.7M
Net assets$9.3M

People

7 listed

NameRoleCompensation

GENE GELGELU

PRESIDENT & CEO

Board

$147K

40 hrs/wk

GROVER JONES

SECRETARY

Board

1 hrs/wk

GEBI TUFAA

TREASURER

Board

1 hrs/wk

REBECCA COOPER

CHAIR

Board

1 hrs/wk

NONKULUEKO SHONGWE

DIRECTOR

Board

1 hrs/wk

EBISSO UKA

DIRECTOR

Board

1 hrs/wk

ANTHONY J ISUBIKALU

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 90 of 90

FromAmountPurposeYear
$150K
ECONOMIC OPPORTUNITY - HOMETOWN
2024
$148K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
$125K
GENERAL OPERATING SUPPORT
2024
$100K
African Minnesotan Childcare Provider Civic Leadership and Engagement Project
2024
$100K
for general operating support
2024
$96K
PROGRAM COSTS
2024
$60K
GENERAL SUPPORT
2024
$50K
HUMAN SERVICES
2024
$30K
UNRESTRICTED
2024
$20K
to plan and pilot programming and build new facility for increased artistic opportunities for African immigrant and next generation artists so they can catalyze the leadership, power, and creativity of artists and culture bearers
2024
$780K
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
2023
$500K
LITTLE AFRICA PLAZA
2023
$250K
FINANCE JUSTICE FUND SUBGRANT
2023
$250K
DONOR-ADVISED, HUMAN SERVICES
2023
$125K
GENERAL OPERATING SUPPORT
2023
$100K
African Minnesotan Early Childhood Provider Initiative
2023
$79K
PROGRAM COSTS
2023
$75K
LITTLE AFRICA PLAZA
2023
$75K
LITTLE AFRICA PLAZA
2023
$60K
TO SUPPORT WES ASSEFA FUND
2023
$50K
GENERAL OPERATIONS
2023
$33K
UNRESTRICTED
2023
$30K
LITTLE AFRICA PLAZA
2023
$25K
general operating grant
2023
$20K
To plan and pilot programming and build new facility for increased artistic opportunities for African immigrant and next generation artists so they can catalyze the leadership, power, and creativity of artists and culture bearers
2023
$20K
Capacity Building
2023
$19K
East African Youth Economic Development & President's Fund
2023
$9K
Arts & Cultural Heritage Grants
2023
$7K
SMALL DOLLAR LENDING
2023
$5K
AEDS GENERAL OPERATING SUPPORT - ENHANCING EQUITY, INCLUSION AND DIVERSITY
2023
$200K
2022 RENEWABLE ENERGY EFFICIENT GRANT
2022
$130K
To support nonprofit intermediaries re-granting public dollars
2022
$125K
SUPPORTING AFRICAN IMMIGRANT OWNED SMALL BUSINESSES AND MINORITY OWNED BUSINESSES
2022
$100K
For general operating support
2022
$100K
African Minnesotan Early Childhood Provider Initiative
2022
$100K
To redevelop a vacant commercial property in the Little Africa Cultural District to include a Halal meat market and grocery, retail space and community spaces, and AEDS offices
2022
$60K
GENERAL, STRATEGIC PLANNING
2022
$50K
2022 TRANSITIONAL GEN OP GRANT
2022
$50K
AEDS GENERAL OPERATING AND CAPITAL PROJECT REQUEST
2022
$50K
general operating grant
2022
$38K
PROGRAM COSTS
2022
$33K
UNRESTRICTED
2022
$30K
WES ASSEFA FUND PROJECT
2022
$28K
East African Youth Economic Development
2022
$25K
AEDS ART AND CULTURE CAPACITY BUILDING
2022
$20K
Capacity Building
2022
$6K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2022
$500
GENERAL OPERATING
2022
$310K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2021
$100K
for general operating support
2021
$100K
GENERAL OPERATING
2021
$100K
for general operating support
2021
$305K
PROGRAM COSTS
2020
$150K
To build capacity in delivering services that build wealth within the Twin Cities African immigrant communities, and to help cover costs associated with CARES Act funding
2020
$150K
To build capacity in delivering services that build wealth within the Twin Cities African immigrant communities, and to help cover costs associated with CARES Act funding
2020
$140K
AEDS COVID-19 RESPONSE - 422753
2020
$100K
PROJECT
2020
$100K
RACIAL EQUITY
2020
$70K
COMMITTED IN 2019 - HOMETOWN - RACIAL EQUITY
2020
$55K
Asset and Wealth Building
2020
$50K
General Support
2020
$50K
SUPPORTING AFRICAN IMMIGRANT BUSINESSES
2020
$50K
COVID-19 GRANT
2020
$50K
COVID-19 GRANT
2020
$40K
GENERAL OPERATIONS
2020
$25K
TO BE A LEADER AND LEARNER AS A MEMBER OF COMMUNITY CREATIVITY COHORT 2, A 3-YEAR PARTICIPANT-LED CAPACITY BUILDING EFFORT TO SUPPORT ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR AND INDIGENOUS PEOPLE, RURAL COMMUNITIES, AND SMALLER CITIES AND TOWNS
2020
$25K
GENERAL OPERATING SUPPORT
2020
$16K
East African Youth Economic Development and President's Fund
2020
$15K
SPONSORSHIP OF AFRICAN LEADERSHIP CONFERENCE
2020
$15K
GENERAL OPERATING SUPPORT IN RESPONSE TO COVID-19
2020
$10K
GENERAL OPERATIONS OF THE ORGANIZATION
2020
$10K
BUSH COMMUNITY CREATIVITY COHORT
2020
$10K
TWIN CITIES HEALING
2020
$2K
To build capacity in delivering services that build wealth within the Twin Cities African immigrant communities, and to help cover costs associated with CARES Act funding
2020
$2K
To build capacity in delivering services that build wealth within the Twin Cities African immigrant communities, and to help cover costs associated with CARES Act funding
2020
$60K
MULTIPLE GRANTS
2019
$30K
FOR GENERAL OPERATIONS TO PROVIDE SUPPORT TO AFRICAN ENTREPRENEURS AND SMALL BUSINESS OWNERS IN THE TWIN CITIES.
2019
$8K
GENERAL OPERATING SUPPORT
2019
$40K
GENERAL OPERATING SUPPORT - 380916
2018
$10K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2018
$40K
GENERAL OPERATING SUPPORT - 348591
2017

Funded by

$7.4M from 34 funders · 90 grants · 2017–2024

Saint Paul & Minnesota Foundation

$1.3M · 6 grants · 2018–2024

The McKnight Foundation

$844K · 11 grants · 2020–2024

Otto Bremer Trust

$720K · 6 grants · 2019–2023

The Minneapolis Foundation

$638K · 8 grants · 2017–2024

Opportunity Finance Network

$550K · 4 grants · 2020–2023

Greater Twin Cities United Way

$518K · 4 grants · 2020–2024

Local Initiatives Support Corporation

$473K · 4 grants · 2020–2024

Northwest Area Foundation

$390K · 4 grants · 2020–2024

Details

EIN800345712
NTEE codeB60
Subsection03
Ruling date2009-11
Formed2008
Employees13
Volunteers0
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS — Mission, Financials & Grants Received | Grantivo