African Economic Development Solutions (Aeds)
African Economic Development Solutions (Aeds)
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About this organization
Mission
African Economic Development Solutions (AEDS) builds wealth within African immigrant communities throughout Minnesota. We accomplish our mission by using business development and homeownership strategies that are informed by creative placemaking and cultural assets. AEDS works throughout the Twin Cities metropolitan area.
About
Business Development Training and Small Business Consulting program provided service to 193 clients. The program equips African immigrants and members of other marginalized communities in the Twin Cities and greater Minnesota with pertinent business skills indispensable for their success as entrepreneurs of color. The training consists of classes, workshops, field work, and one-on-one sessions. Some of the areas the program provides business consulting to existing or aspiring entrepreneurs in are licensing and lease review, finance and accounting services, and crafting effective growth strategies and organizational structures. This program also includes the micro loans, which is to help provide access to the capital that helps launch their businesses.
Interesting data from their 2019 990 filing
The purpose of the non-profit is listed in the filing as “African economic development solutions (aeds) builds wealth within african immigrant communities through economic development activities. we work throughout the twin cities metropolitan area to create wealth, lift immigrant communities out of poverty, and contribute to and benefit from the region's vibrant economy.”.
When discussing its operations, they were characterized as: “African economic development solutions (aeds) builds wealth within african immigrant communities in the twin cities through economic development activities.”.
- The non-profit's legally reported state of operation is MN.
- The filing states that the non-profit's address in the year 2019 is 1821 University Ave W No S145, St Paul, MN, 55104.
- The form submitted by the non-profit for 2019 shows a total of 8 employees.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $80,583.
- The organization has 5 independent voting members.
- The organization was formed in 2008.
- The organization pays $365,010 in salary, compensation, and benefits to its employees.
- The organization pays $32,838 in fundraising expenses.