EIN 81-5486146

Association for Black Economic Power

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
2017
Most recent tax filings
2023-12-01
Description
Association for Black Economic Power has received the community development financial institutions fund certification and is developing a program to provide technical assistance and increase capacity to make village trust financial cooperative functional. Abep has continued to train the community.
Also known as...
Village Financial Cooperative
Total revenues
$182,196
2023
Total expenses
$488,037
2023
Total assets
$521,918
2023
Num. employees
3
2023

Program areas at Association for Black Economic Power

See schedule o.arise community credit unionin 2023, the Minnesota department of commerce has officially chartered arise credit union, marking a historic moment as Minnesota's first black-led (and newest) credit union in the state in more than two (2) decadesthe abep financial empowerment center (fec) is a program that works with residents within the community, who may be unbanked, underbanked, or victims of predatory lenders, or other fringe banking outlets.our financial empowerment center provides tailored support to individuals at all life stages, from youth to seniors. We offer financial education programs for students, college planning and job readiness for young adults, homeownership and debt management guidance for mid-life adults, and retirement and healthcare cost planning for seniors. Additionally, we assist families with budgeting, insurance, and emergency savings, and provide crisis intervention and recovery support for at-risk individuals. Our goal is to equip everyone in our community with the knowledge and resources they need to achieve financial stability and success.

Grants made by Association for Black Economic Power

GranteeGrant descriptionAmount
Pimento FoundationSupport.$261,249

Who funds Association for Black Economic Power

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Minneapolis FoundationCommunity & Economic Development$40,000
Centerpoint Energy FoundationGeneral Donation$10,000

Personnel at Association for Black Economic Power

NameTitleCompensation
Debra HurstonExecutive Director$99,999
Aquilla RobinsonFec Program Manager
Grover C. JonesTreasurer$0
Dr. Juneau RobbinsChair
Simone Hardeman-JonesSecretary$0
...and 6 more key personnel

Financials for Association for Black Economic Power

RevenuesFYE 12/2023
Total grants, contributions, etc.$165,296
Program services$0
Investment income and dividends$1,036
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$0
Miscellaneous revenues$15,864
Total revenues$182,196

Form 990s for Association for Black Economic Power

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122024-06-07990View PDF
2022-122023-10-30990View PDF
2021-122022-11-04990View PDF
2020-122021-11-10990View PDF
...and 3 more Form 990s
Data update history
October 8, 2024
Updated personnel
Identified 1 new personnel
September 25, 2024
Updated personnel
Identified 5 new personnel
July 15, 2024
Received grants
Identified 3 new grant, including a grant for $350,000 from Bill & Melinda Gates Foundation
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
227 Colfax Ave N 30
Minneapolis, MN 55405
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
abepmpls.org/ 
Phone
(612) 588-7821
IRS details
EIN
81-5486146
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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