Public Charity

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS

Based in ST PAUL, MN, AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS operates as a Public Charity. The organization reported $5.2M in revenue, $2.3M in expenses, $13.7M in total assets for fiscal year 2024. Imperigo tracks 48 reported grant relationships connected to this organization totaling approximately $4.2M.

EIN: 800345712 ST PAUL, MN Latest filing: 2024
Total Revenue$5.2M
Total Expenses$2.3M
Total Assets$13.7M
Grant Records48
Funding Total$4.2M
Filing Years2019–2024

Mission

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS (AEDS) BUILDS WEALTH WITHIN AFRICAN IMMIGRANT COMMUNITIES IN THE TWIN CITIES 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.

Officers & Directors

DIRECTOR Anthony J Isubikalu
DIRECTOR Ebisso Uka
TREASURER Gebi Tufaa
PRESIDENT & CEO Gene Gelgelu
SECRETARY Grover Jones
DIRECTOR Nonkulueko Shongwe

Officer compensation and complete director data available with membership.

Top Grant Purposes

MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
$780,000 1 grant
PROGRAM COSTS
$508,250 4 grants
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
$498,510 5 grants
SEE PART IV
$473,000 4 grants
DONOR-ADVISED, HUMAN SERVICES
$250,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $5.2M $2.3M $13.7M
2023 $3.9M $1.9M $10.1M
2022 $3.8M $3.1M $6.5M
2020 $5.1M $3.9M $4.0M
2019 $1.2M $567K $1.5M

Between 2019 and 2024, reported annual revenue grew from $1.2M to $5.2M (+317%), with total assets most recently reported at $13.7M.

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

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