AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS

SAINT PAUL, MN, 55104-1840 (651) 646-9411 Est. 2008 EIN 80-0345712
B60 - Adult Education 990 - Public charity return 501(c)(3)
www.aeds-mn.org

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.

Giving Portfolio

Total Grants
203
Total Giving
$2.6M
Recipients
202
Years Active
2020
Avg grant: $12,956 Median: $10,000

Sectors Funded

Youth Development
1

Top States

Minnesota
198

Grantee Size Profile

$100K - $500K
1

Top Grantees

Page 1 of 3
Alkarama Mall Inc
MN
$188K
Madina Management Group
MN
$178K
Riverside Mall
MN
$158K
JigJiga Mall
MN
$118K
MinnesotaColdTv
MN
$10K
Vina
MN
$10K
Ziam Clothing Store
MN
$10K
Stogies Inc
MN
$10K
Nogob coffee shop
MN
$10K
McAllister Music LCC
MN
$10K

Grants Awarded · 83 grants

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Financials

Total Revenue
$5,189,587
Total Expenses
$2,292,377
Net Assets
$9,286,567
13 employees
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
4.0 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 34.2%
Expenses ↑ 22.0%
Revenue Sources
Contributions 95.2% Earned revenue 4.4%
Expense Breakdown
Program 83.6% Management 9.8% Fundraising 6.6%

Officers & Trustees (7)

Individual compensation is available on Grow plans.

Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$5,189,587 ↑$2,292,377$9,286,567
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$3,868,135 ↑$1,878,258$6,389,357
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$3,784,754 ↓$3,113,284$4,399,480
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$5,145,016 ↑$3,917,111$2,232,057
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$610,400 $529,817$400,352

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EIN: 80-0345712 · Source: IRS Form 990 e-file data