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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
2022-12-01
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
$808,780
2022
Total expenses
$1,056,618
2022
Total assets
$1,466,675
2022
Num. employees
7
2022

Program areas at Asian Economic Development Association

Arts and culture - provide cultural events and promote the little mekong district in saint paul to the public and create access to Economic opportunities for artists of the twin cities' Asian communities.
Lending and small business Development - aeda provides loans and financial technical assistance to the twin cities' Asian communities and operates a revolving loan pool financed by government grants, contributions, redc, and interest earned on loans.

Who funds Asian Economic Development Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kresge FoundationOperating 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.$100,000
Greater Twin Cities United WayProgram Costs$91,000
The McKnight FoundationTo 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$75,000
...and 4 more grants received

Personnel at Asian Economic Development Association

NameTitleCompensation
Va-Megn ThojExecutive Director$100,051
Katie Ka VangDirector of Artist and Maker Entrepreneurship
Evelyn MouacheupaoEvents and Project Manager
Khue YangBoard Treasurer$0
Terri ThaoBoard Chair$0
...and 5 more key personnel

Financials for Asian Economic Development Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$751,475
Program services$33,147
Investment income and dividends$1,041
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$20,593
Miscellaneous revenues$2,524
Total revenues$808,780

Form 990s for Asian Economic Development Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-04-01990View PDF
2018-122020-01-15990View PDF
...and 8 more Form 990s

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HavenlyNew Haven, CT$1,123,973
Tucson Values TeachersTucson, AZ$232,918
Anders & Anders FoundationSan Francisco, CA$353,011
Connected HeartsMemphis, TN$250,000
Work Vessels for VetsWest Mystic, CT$219,517
Flagship Help CenterDenver, CO$224,830
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Received grants
Identified 4 new grant, including a grant for $100,000 from Kresge Foundation
December 28, 2023
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
October 26, 2023
Received grants
Identified 9 new grant, including a grant for $200,000 from Kresge Foundation
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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