Nonprofits›Asian Economic Development Association
Employment
Asian Economic Development Association
SAINT PAUL, MN
Total revenue
$1.1M
Total expenses
$1.2M
Net assets
$2.1M
Grants received
$3.5M
45 grants
EIN
411911474
Tax year
2024
Mission
To increase economic opportunities for asian americans.
Financials
FY 2024
Revenue
Contributions & grants$1.1M
Program service revenue—
Investment income$5K
Other revenue—
Total revenue$1.1M
Expenses
Grants paid—
Salaries & benefits$444K
Fundraising$28K
Other expenses$784K
Total expenses$1.2M
Total assets$2.3M
Net assets$2.1M
People
5 listed
NameRoleCompensation
VA-MEGN THOJ
EXECUTIVE DIRECTOR
Board
$125K
40 hrs/wk
MAY LEE-YANG
CHAIR
Board
—
1 hrs/wk
ERICKA TRINH
MEMBER
Board
—
1 hrs/wk
CHRISTOPHER RATSAMY
MEMBER
Board
—
1 hrs/wk
LUKE WANG
MEMBER
Board
—
1 hrs/wk
Grants received
Showing 45 of 45
FromAmountPurposeYear
$100K
OPERATING SUPPORT TO CONTINUE TO BOLSTER ASIAN ECONOMIC DEVELOPMENT ASSOCIATION'S CREATIVE PLACEMAKING ACTIVITIES AND PARTICIPATION IN KRESGE'S BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE.
2023
$75K
To support the Little Mekong Market Cooperative and incubator, which will create up to 50 microbusinesses and anchor wealth building in Little Mekong by helping to transfer an asset to BIPOC business owners
2023
$100K
OPERATING SUPPORT TO CONTINUE TO BOLSTER ASIAN ECONOMIC DEVELOPMENT ASSOCIATION'S CREATIVE PLACEMAKING ACTIVITIES AND PARTICIPATION IN KRESGE'S BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE.
2022
$75K
To support the Little Mekong Market Cooperative and incubator, which will create up to 50 microbusinesses and anchor wealth building in Little Mekong by helping to transfer an asset to BIPOC business owners
2022
$50K
for general operating support, and for capital to redevelop a vacant commercial space in Little Mekong as a new Creative Makers Business Incubator
2021
$50K
for general operating support, and for capital to redevelop a vacant commercial space in Little Mekong as a new Creative Makers Business Incubator
2021
$203K
OPERATING SUPPORT TO BOLSTER ASIAN ECONOMIC DEVELOPMENT ASSOCIATIONS CREATIVE PLACEMAKING ACTIVITIES AND OFFSET EXPENSES RELATED TO PARTICIPATION IN KRESGES BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE.
2020
$50K
For general operating support, and for capital to redevelop a vacant commercial space in Little Mekong as a new Creative Makers Business Incubator
2020
$50K
For general operating support, and for capital to redevelop a vacant commercial space in Little Mekong as a new Creative Makers Business Incubator
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
$20K
TO SUPPORT THE DEVELOPMENT OF A COMMUNITY FOOD CENTER AND ADVANCE URBAN FARMING, CREATIVE PLACEMAKING, AND BUSINESS DEVELOPMENT ACTIVITIES AS PART OF THE FRESH, LOCAL AND EQUITABLE INITIATIVE.
2020
Funded by
$3.5M from 22 funders · 45 grants · 2018–2024
Greater Twin Cities United Way
$990K · 4 grants · 2020–2024
The McKnight Foundation
$450K · 8 grants · 2020–2023
The Kresge Foundation
$423K · 4 grants · 2020–2023
Local Initiatives Support Corporation
$342K · 4 grants · 2020–2024
The Minneapolis Foundation
$310K · 2 grants · 2021–2023
Target Foundation
$300K · 2 grants · 2020–2023
National Coalition for Asian Pacific
$138K · 6 grants · 2018–2024
Minnesota Humanities Center
$105K · 1 grant · 2023
Details
EIN411911474
NTEE codeJ22
Subsection03
Ruling date1999-07
Formed1998
Employees7
Volunteers15