Federal ID# 800345712
African Economic Development Solutions
-
- AEDS
General Information
| Organization Type | CHARITY |
| Contact Person | Gene Gelgelu |
| Address | 678 Snelling Avenue North, Suite 200, Saint Paul, MN 55104- |
| Phone Number | (651) 646-9411 |
| Purpose or Description | To provide business planning training, technical assistance, access loan and financial literacy programs to Oromo, Ethiopian and Eritrean communities in the Twin Cities. |
| Status | Active |
| Extension | None |
Financial Information
For Fiscal Year Ending 12/31/2024
INCOME
| Direct Public Support | $1,580,623 |
| Government Grants | + $3,360,997 |
| Other Revenue | + $247,967 |
| Total Revenue | $5,189,587 |
EXPENSES
| Amount Spent for Program or Charitable Purposes | $1,915,864 |
| Management/General Expense | + $225,153 |
| Fundraising Expense | + $151,360 |
| Total Expenses | $2,292,377 |
Excess/Deficit
| Total Revenue | $5,189,587 |
| Total Expenses | - $2,292,377 |
| Excess/Deficit | $2,897,210 |
End of Year Fund Bal/Net Worth
| Total Assets | $13,711,523 |
| Total Liabilities | - $4,424,956 |
| End of Year Fund Bal/Net Worth | $9,286,567 |
