Mission
Helping BIPOC (Black, Indigeneous, People of Color)
Public Charity
Metropolitan Economic Development Association
Metropolitan Economic Development Association, of Minneapolis, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $8.6M in revenue, $9.2M in expenses, $59.5M in total assets. 63 publicly reported grants to this organization, totaling roughly $4.3M, appear in IRS filings.
EIN: 410977257
Minneapolis, MN
Latest filing: 2025
Total Revenue$8.6M
Total Expenses$9.2M
Total Assets$59.5M
Grant Records63
Funding Total$4.3M
Filing Years2021–2025
Where $100 goes at Metropolitan Economic Development Association
How Metropolitan Economic Development Association divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$72
Programs
the work itself
$14
Management
running the organization
$14
Fundraising
raising the next dollar
Inside the $72 for programs
$61
MEDA's mission is to Help BIPOC Entrepreneurs Succeed
$5
Ascend Management Education Programming
$4
MEDA hosts the regional Minority Business Development Agency
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
CHARITABLE DONATION
$250,690
DONOR ADVISED, PUBLIC AFFAIRS/SOCIETY BENEFIT
$52,100
COMMUNITY SERVICE PROGRAMS
$30,000
GENERAL OPERATING GRANT
$25,000
GENERAL SUPPORT
$20,000
Showing up to 5 of 63 total records — full history available with membership.
Officers & Directors
and Business Consulting
Adrian Ruddock Vp Of Lending
Director
Al Mendoza
Director until May 2025
Al Perera
Director until May 2025
Andrea Novak
Director
Bukata Hayes
Director of Fund Development
Catherine Mccarthy
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $8.6M | $9.2M | $59.5M |
| 2024 | $15.5M | $8.7M | $63.5M |
| 2023 | $9.3M | $8.1M | $43.0M |
| 2022 | $6.6M | $9.5M | $38.7M |
| 2021 | $12.1M | $7.9M | $45.1M |
Between 2021 and 2025, reported annual revenue declined from $12.1M to $8.6M (-29%), with total assets most recently reported at $59.5M.
Interactive year-over-year charts and full filing details available with membership.