From public IRS filings

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS

SAINT PAUL, MN · Education

EIN (Tax ID): 80-0345712Latest Form 990: 2023IRS ruling year: 2009Find their 990 filing →

Mission

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS (AEDS) BUILDS WEALTH WITHIN AFRICAN IMMIGRANT COMMUNITIES IN THE TWIN CITIES THROUGH ECONOMIC DEVELOPMENT ACTIVITIES.

Financials (IRS Form 990)

Total revenue
$3.9M
Total expenses
$1.9M
Total assets
$10.1M
Program expense ratio
83%

Source: IRS Form 990, tax year 2023.

Who funds AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS

$5.6M in foundation grants on record from 24 funders — matched from IRS 990 grant line items. Some matches may be approximate.

FunderTotal givenGrants
Saint Paul & Minnesota Foundation$934K3
Mcknight Foundation$692K9
Otto Bremer Trust$600K3
Opportunity Finance Network$450K2
Minneapolis Foundation$410K4
Northwest Area Foundation$375K3
Local Initiatives Support$323K3
Target Foundation$300K2
Bcbsm Foundation$300K3
Fr Bigelow Foundation$260K5

Leadership

GENE GELGELU — PRESIDENT & CEO (Principal officer)

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