NonprofitsAsian 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
$101K
GENERAL SUPPORT
2024
$96K
PROGRAM COSTS
2024
$30K
Neighborhood Strategies
2024
$250K
DONOR-ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
2023
$150K
ECONOMIC OPPORTUNITY - HOMETOWN
2023
$105K
Arts & Cultural Heritage Grants
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.
2023
$93K
PROGRAM COSTS
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
$10K
GENERAL OPERATING SUPPORT
2023
$4K
GENERAL OPERATING SUPPORT
2023
$2K
MATCHING GIFT
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
$91K
PROGRAM COSTS
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
$30K
AAPI Community Resilience Fund, Small Business Network
2022
$30K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2022
$25K
SE ASIAN ARTIST ENGAGEMENT AND DEVELOPMENT
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
$710K
PROGRAM COSTS
2020
$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
$150K
COMMITTED IN 2019 - HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT
2020
$100K
PROJECT
2020
$75K
GENERAL OPERATING SUPPORT
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
2020
$50K
For general operating support
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
$22K
General Support
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
$20K
General Support
2020
$14K
AAPI Community Resilience Fund; Small Business Network
2020
$150
MATCHING GIFTS GRANT
2020
$17K
Asset Building and Housing Counseling
2019

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
ASIAN ECONOMIC DEVELOPMENT ASSOCIATION — Mission, Financials & Grants Received | Grantivo