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 55110-4 |
| 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 | Granted - LATE FEE REQUIRED |
Financial Information
For Fiscal Year Ending 12/31/2023
INCOME
| Direct Public Support | $3,033,620 |
| Government Grants | + $593,888 |
| Other Revenue | + $240,627 |
| Total Revenue | $3,868,135 |
EXPENSES
| Amount Spent for Program or Charitable Purposes | $1,555,255 |
| Management/General Expense | + $203,208 |
| Fundraising Expense | + $119,795 |
| Total Expenses | $1,878,258 |
Excess/Deficit
| Total Revenue | $3,868,135 |
| Total Expenses | - $1,878,258 |
| Excess/Deficit | $1,989,877 |
End of Year Fund Bal/Net Worth
| Total Assets | $10,106,080 |
| Total Liabilities | - $3,716,723 |
| End of Year Fund Bal/Net Worth | $6,389,357 |
