2024-11-14T17:07:16-06:00 2023-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2023-01-01 411911474 ASIAN ECONOMIC DEVELOPMENT ASSOCIATION ASIA 6512227798 422 UNIVERSITY AVENUE WEST 14 SAINT PAUL MN 55103 VA-MEGN THOJ EXECUTIVE DIRECTOR 6512227798 2024-11-14 1 0 TONYA J SHELDON P01270696 6512276695 2024-11-14 2023 2024-10-15 13:58:12Z VA-MEGN THOJ 422 UNIVERSITY AVENUE WEST 14 SAINT PAUL MN 55103 1716961 0 X AEDAMN.ORG X 1998 MN TO INCREASE ECONOMIC OPPORTUNITIES FOR ASIAN AMERICANS. 4 4 7 15 0 0 751475 1637653 33147 25000 1041 3630 23117 -1224 808780 1665059 0 0 0 0 485032 378190 0 0 20231 571586 503060 1056618 881250 -247838 783809 1466675 2451424 139269 147850 1327406 2303574 TO INCREASE ECONOMIC OPPORTUNITIES FOR ASIAN AMERICANS. 0 0 322528 23776 BUSINESS DEVELOPMENT AND LENDING -IN 2023 AEDA PROVIDED SMALL BUSINESS DEVELOPMENT AND LENDING TO TO OVER 140 ENTREPRENEURS AND CREATED OR RETAINED OVER 50 JOBS. 270217 CREATIVE PLACEMAKING -AEDA'S ARTS AND CULTURE PROGRAMMING BENEFITED OVER 7,000 COMMUNITY MEMBERS. 164352 XIA GALLERY AND CAFE -THE XIA GALLERY PRODUCED 8 EXHIBITIONS AND SERVED 200 ARTISTS AND MAKERS. 757097 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X VA-MEGN THOJ 6512227798 422 UNIVERSITY AVE WEST SUITE 14 SAINT PAUL MN 55103 MAY LEE-YANG CHAIR 1.00 X X 0 0 0 ERICKA TRINH MEMBER 1.00 X 0 0 0 CHRISTOPHER RATSAMY MEMBER 1.00 X 0 0 0 VUE THAO MEMBER 1.00 X 0 0 0 VA-MEGN THOJ EXECUTIVE DIRECTOR 40.00 X 124297 0 24000 124297 0 24000 1 0 0 0 0 330737 1306916 1637653 PROGRAM FEES 900099 25000 25000 25000 3630 3630 48937 51902 -2965 -2965 OTHER EARNED REVENUE 900099 1741 1741 1741 1665059 23776 0 3630 X 148297 127405 17488 3404 161674 138897 19065 3712 37734 32418 4450 866 30485 26190 3595 700 33540 28815 3955 770 45132 38774 5322 1036 292930 251661 34544 6725 8129 6983 959 187 11624 9986 1371 267 49754 42745 5867 1142 2164 1859 255 50 3058 2627 361 70 4580 3935 540 105 3749 3221 442 86 PROGRAM SUPPLIES 20939 17989 2469 481 EQUIPMENT EXPENSES 19032 16351 2244 437 MISCELLANEOUS 7325 6293 864 168 STAFF DEVELOPMENT 1014 871 120 23 90 77 11 2 881250 757097 103922 20231 448972 704168 729939 882646 121412 609705 17481 17481 133039 183039 5623 10060 321199 276874 10209 44325 1466675 2451424 39269 47850 100000 100000 139269 147850 X 726907 1245423 600499 1058151 1327406 2303574 1466675 2451424 783809 192359 0 X 0 0 0 X 912229 1725201 1116644 751475 1637653 6143202 92630 27338 6215 59955 23776 209914 1004859 1752539 1122859 811430 1661429 6353116 0 0 0 6353116 6 177 1041 3630 4854 6 177 1041 3630 4854 1004865 1752539 1123036 812471 1665059 6357970 0.99920 0.99980 0.00080 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 247551 247551 0 41481 29323 12158 32167 32167 44325 FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER RECEIVES A COPY OF THE FORM 990. IT IS REVIEWED AT A FULL BOARD MEETING AND APPROVED IF THERE ARE NO QUESTIONS OR CONCERNS. IF THERE ARE QUESTIONS, THE EXECUTIVE DIRECTOR IS IN CONTACT WITH THE ACCOUNTANT WHO PREPARED THE FORM 990 TO RESOLVE THOSE QUESTIONS BEFORE THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD AND EACH MEMBER DISCLOSES ANY CONFLICTS OF INTEREST THAT MAY EXIST. THIS IS ALSO DONE WITH NEW MEMBERS OF THE BOARD AS PART OF THEIR ORIENTATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ANNUALLY, AND AT THE TIME OF HIRE, DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR BASED ON SALARY DATA RESEARCHED AND PUBLISHED BY THE MINNESOTA COUNCIL OF NONPROFITS. THE EXECUTIVE DIRECTOR ANNUALLY, AND AT THE TIME OF HIRE, DETERMINES COMPENSATION FOR KEY EMPLOYEES BASED ON SALARY DATA RESEARCHED AND PUBLISHED BY THE MINNESOTA COUNCIL OF NONPROFITS. THE BOARD OF DIRECTORS REVIEWS THE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WERE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION KEEPS REGULAR OFFICE HOURS AND IS EASILY CONTACTED BY PHONE OR EMAIL FOR SUCH REQUESTS. FORM 990, PART IX, LINE 11G PAYROLL FEES: PROGRAM SERVICE EXPENSES 1,716. MANAGEMENT AND GENERAL EXPENSES 235. FUNDRAISING EXPENSES 46. TOTAL EXPENSES 1,997. ARTIST CONSULTANTS: PROGRAM SERVICE EXPENSES 45,406. MANAGEMENT AND GENERAL EXPENSES 6,233. FUNDRAISING EXPENSES 1,213. TOTAL EXPENSES 52,852. CONTRACT SERVICE: PROGRAM SERVICE EXPENSES 66,530. MANAGEMENT AND GENERAL EXPENSES 9,132. FUNDRAISING EXPENSES 1,778. TOTAL EXPENSES 77,440. CONSULTANTS AND PROFESSIONAL SERV: PROGRAM SERVICE EXPENSES 138,009. MANAGEMENT AND GENERAL EXPENSES 18,944. FUNDRAISING EXPENSES 3,688. TOTAL EXPENSES 160,641.