Nonprofits›Association For Black Economic Power

Community Improvement & Capacity Building

Association For Black Economic Power

MINNEAPOLIS, MN

Website

Total revenue

$682K

Total expenses

$649K

Net assets

$543K

Grants received

$2.0M

24 grants

EIN

815486146

Tax year

2024

Mission

See schedule o.create prevention and intervention models to address wealth extraction through systems change and the development of products and services that provide generational wealth building opportunities and access to capital while providing an alternative to traditional predatory, culturally incompetent and inequitable practices.

Financials

FY 2024

Revenue

Contributions & grants$658K
Program service revenue—
Investment income$2K
Other revenue$23K
Total revenue$682K

Expenses

Grants paid—
Salaries & benefits$184K
Fundraising$9K
Other expenses$465K
Total expenses$649K
Total assets$588K
Net assets$543K

People

8 listed

NameRoleCompensation

DEBRA HURSTON

EXECUTIVE DIRECTOR

Board

$110K

40 hrs/wk

DR JUNEAU ROBBINS

CHAIR

Board

—

2 hrs/wk

GROVER JONES

TREASURER

Board

—

2 hrs/wk

BEN HERING

SECRETARY

Board

—

2 hrs/wk

KILEY DEMERY

DIRECTOR

Board

—

2 hrs/wk

GRACIE GEORGE

DIRECTOR

Board

—

2 hrs/wk

SEAN JAMES

DIRECTOR

Board

—

2 hrs/wk

SANDY JOHNSON

DIRECTOR

Board

—

2 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear
The McKnight Foundation
$500K
for working capital to launch Arise Community Credit Union as the state's first Black-led community credit union and provide a pathway to stabilize and build community wealth
2024
THE MINNEAPOLIS FOUNDATION
$35K
PUBLIC AFFAIRS/SOCIETY BENEFIT
2024
CENTERPOINT ENERGY FOUNDATION INC
$10K
GENERAL DONATION
2023
GATES FOUNDATION
$350K
PUBLIC AWARENESS AND ANALYSIS
2022
The McKnight Foundation
$100K
To support the launch of Village Financial Credit Union
2022
THE MINNEAPOLIS FOUNDATION
$40K
COMMUNITY & ECONOMIC DEVELOPMENT
2022
THE MINNEAPOLIS FOUNDATION
$26K
DONOR-RECOMMENDED, COMMUNITY & ECONOMIC DEVELOPMENT
2021
PROPEL NONPROFITS
$14K
NONPROFIT INFRASTRUCTURE GRANT PROGRAM
2021
NORTHWEST AREA FOUNDATION
$100K
RENEWAL SUPPORT FOR IT TAKES A VILLAGE
2020
The McKnight Foundation
$100K
For general operating support
2020
The McKnight Foundation
$100K
For general operating support
2020
The McKnight Foundation
$100K
For general operating support
2020
The McKnight Foundation
$100K
For general operating support
2020
PROPEL NONPROFITS
$19K
Nonprofit Infrastructure Grant Program (NIGP)
2020
HEADWATERS FOUNDATION FOR JUSTICE
$15K
GENERAL OPERATING SUPPORT
2020
AMERICAN ONLINE GIVING FOUNDATION INC
$11K
GENERAL SUPPORT
2020
THE CONFIDENCE FOUNDATION
$5K
PIMENTO RELIEF FUND
2020
The Future Hope Foundation
$3K
Pimento Relief Fund
2020
THE JAMF NATION GLOBAL FOUNDATION
$280
HUMAN SERVICES
2020
VERIZON FOUNDATION
$200
MIP PAYOUT FOR 07/14/20
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$28K
For grant recipient's exempt purposes
2019
NATIONAL PHILANTHROPIC TRUST
$13K
PUBLIC, SOCIETAL BENEFIT
2019
PROPEL NONPROFITS
$7K
NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT
2019
THE MINNEAPOLIS FOUNDATION
$333K
GENERAL OPERATING SUPPORT
2018

Funded by

$2.0M from 14 funders · 24 grants · 2018–2024

The McKnight Foundation

$1M · 6 grants · 2020–2024

The Minneapolis Foundation

$433K · 4 grants · 2018–2024

Gates Foundation

$350K · 1 grant · 2022

Northwest Area Foundation

$100K · 1 grant · 2020

Propel Nonprofits

$40K · 3 grants · 2019–2021

Headwaters Foundation For Justice

$15K · 1 grant · 2020

National Philanthropic Trust

$13K · 1 grant · 2019

Details

EIN815486146
NTEE codeS30
Subsection03
Ruling date2018-05
Formed2017
Employees5
Volunteers16
ASSOCIATION FOR BLACK ECONOMIC POWER — Mission, Financials & Grants Received | Grantivo