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EIN 41-1911474

Asian Economic Development Association

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Saint Paul
State
Minnesota
Year formed
1998
Most recent tax filings
2023-12-01
NTEE code, primary
J22: Employment Training
Description
The Asian Economic Development Association aims to increase economic opportunities for Asian Americans through providing loans and financial technical assistance to the Twin Cities' Asian communities, as well as operating a revolving loan pool financed by government grants, contributions, REDC, and interest earned on loans. Additionally, they promote cultural events and the Little Mekong District in Saint Paul to the public while creating access to economic opportunities for artists of the Twin Cities' Asian communities.
Total revenues
$1,665,059
2023
Total expenses
$881,250
2023
Total assets
$2,451,424
2023
Num. employees
7
2023

Program areas at Asian Economic Development Association

Business Development and lending -in 2023 aeda provided small business Development and lending to to over 140 entrepreneurs and created or retained over 50 jobs.
Xia gallery and cafe -the xia gallery produced 8 exhibitions and served 200 artists and makers.
Creative placemaking -aeda's arts and culture programming benefited over 7,000 community members.

Who funds Asian Economic Development Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Minneapolis FoundationDonor-Advised, Public Affairs/society Benefit$250,000
Target FoundationEconomic Opportunity - Hometown$150,000
Rooted PhilanthropicGeneral Support$100,950
...and 7 more grants received

Financials for Asian Economic Development Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,637,653
Program services$25,000
Investment income and dividends$3,630
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-2,965
Miscellaneous revenues$1,741
Total revenues$1,665,059

Organizations like Asian Economic Development Association

OrganizationLocationRevenue
La Mujer ObreraEl Paso, TX$1,522,152
HavenlyNew Haven, CT$1,123,973
The Prospect KCKansas City, MO$575,806
United Urban Indian CouncilOklahoma City, OK$641,000
Business Professionals of AmericaColumbus, OH$2,614,238
ConeXionBoston, MA$611,478
Garden 31 Community InitiativeEscondido, CA$561,082
1951 Coffee CompanyBerkeley, CA$764,932
Chicago Federation of Labor Workforce and Community InitiativeChicago, IL$3,548,922
Multi-Craft Apprenticeship Preparation ProgramRochester, NY$518,365
Data update history
March 27, 2025
Received grants
Identified 8 new grant, including a grant for $250,000 from The Minneapolis Foundation
January 18, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 18, 2025
Updated personnel
Identified 2 new personnel
November 26, 2024
Received grants
Identified 1 new grant, including a grant for $93,000 from Greater Twin Cities United Way
October 24, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsCivic / social organizationsEmployment organizationsCharities
Issues
Human servicesJobs and employment
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
422 University Ave W 14
Saint Paul, MN 55103
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Ramsey County, MN
Website URL
aedamn.org/ 
Phone
(651) 222-7798
IRS details
EIN
41-1911474
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
J22: Employment Training
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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