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 2024 filing shows $15.5M in revenue, $8.7M in expenses, $63.5M in total assets. 62 publicly reported grants to this organization, totaling roughly $4.3M, appear in IRS filings.

EIN: 410977257 Minneapolis, MN Latest filing: 2024
Total Revenue$15.5M
Total Expenses$8.7M
Total Assets$63.5M
Grant Records62
Funding Total$4.3M
Filing Years2020–2024

Mission

Helping minority entrepreneurs succeed.

Officers & Directors

& Business Consulting Services Adrian Ruddock Vp Of Lending
Director Al Mendoza
Director Al Perera
Director (Jan-Jun) Andrea Burns
Director Andrea Novak
Director Bukata Hayes

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION
$1,255,657 3 grants
COVID-19 RECOVERY
$500,000 1 grant
SMALL BUSINESS GRANT
$425,000 1 grant
CHARITABLE DONATION
$300,838 6 grants
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
$230,500 4 grants

Financial Trends

Year Revenue Expenses Assets
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
2020 $7.6M $6.0M $39.5M

Between 2020 and 2024, reported annual revenue grew from $7.6M to $15.5M (+104%), with total assets most recently reported at $63.5M.

Interactive year-over-year charts and full filing details available with membership.

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