Metropolitan Economic Development Association
Metropolitan Economic Development Association
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About this organization
Mission
Helping minority entrepreneurs succeed.
About
Access to Capital: In 2018, 158 loans provided financing capital to minority businesses. $17.2 million in financing was originated, renewed, or secured through companion financing. Lending activities to minority-owned businesses resulted in the creation of 956 quality and sustainable jobs with an average wage of $22 per hour.
Interesting data from their 2019 990 filing
The non-profit's aim, as stated in the filing, is “Helping minority entrepreneurs succeed.”.
When referring to its actions, they were outlined as: “Helping minority entrepreneurs succeed.”.
- The non-profit has complied with legal obligations by reporting their state of operation as MN.
- The non-profit's address in 2019 is noted in the filing as 1256 Penn Ave N Ste 4800, Minneapolis, MN, 55411.
- The non-profit's form for 2019 reports a total of 33 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,026,821.
- The organization has 31 independent voting members.
- The organization was formed in 1971.
- The organization pays $3,289,187 in salary, compensation, and benefits to its employees.
- The organization pays $914,485 in fundraising expenses.
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