2025-11-13T10:21:00-06:00 2024-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-01-01 411911474 ASIAN ECONOMIC DEVELOPMENT ASSOCIATION ASIA 6512227798 422 UNIVERSITY AVENUE WEST 14 SAINT PAUL MN 55103 VA-MEGN THOJ EXECUTIVE DIRECTOR 6512227798 2025-11-11 1 0 TONYA J SHELDON P01270696 6512276695 2025-11-11 2024 2025-03-06 01:10:19Z VA-MEGN THOJ 422 UNIVERSITY AVENUE WEST 14 SAINT PAUL MN 55103 1189042 0 X AEDAMN.ORG X 1998 MN TO INCREASE ECONOMIC OPPORTUNITIES FOR ASIAN AMERICANS. 4 4 7 15 0 0 1637653 1071582 25000 0 3630 5240 -1224 -1390 1665059 1075432 0 0 0 0 378190 444382 0 0 28192 503060 783651 881250 1228033 783809 -152601 2451424 2297210 147850 200704 2303574 2096506 X TO INCREASE ECONOMIC OPPORTUNITIES FOR ASIAN AMERICANS. 0 0 1055026 16173 IN 2024, AEDA ACHIEVED SEVERAL MAJOR MILESTONES, SIGNIFICANTLY BOOSTING ITS PROGRAM SERVICES AND COMMUNITY ENGAGEMENT. THE ORGANIZATION SUCCESSFULLY EXPANDED XIA WITH A FULL ARTS SPACE, BUSINESS TRAINING SPACE, A CAF, AND A GALLERY, ENHANCING ITS CULTURAL AND ECONOMIC HUB. AEDA ALSO LAUNCHED THE YOBIZMO (YOUR BUSINESS, YOUR MONEY) ENTREPRENEURSHIP INITIATIVE, SERVING 65 PARTICIPANTS ACROSS TWO COHORTS, PREDOMINANTLY SOUTHEAST ASIAN IMMIGRANT WOMEN, AND REPORTING A 97% SATISFACTION RATE. THE INITIATIVE PROVIDED $120,000 IN GRANTS AND STABILIZATION LOANS TO 24 BUSINESSES AND AWARDED STARTUP/GROWTH TEN GRANTS RANGING FROM $4,000 TO $10,000 VIA A PITCH COMPETITION. ADDITIONALLY, AEDA ASIAN MINNESOTAN WEALTH BUILDING CONFERENCE, ATTRACTING OVER 300 ENTREPRENEURS AND SMALL BUSINESS RESOURCE PROVIDERS. THE COMMUNITY'S FLAGSHIP CULTURAL EVENT, THE LITTLE MEKONG NIGHT MARKET, WAS OFFICIALLY RELAUNCHED FOR THE FIRST TIME SINCE 2019, DRAWING MORE THAN 20,000 ATTENDEES, AND PREPARATORY COMMUNITY ENGAGEMENT FOR THE LITTLE MEKONG COOPERATIVE MARKET REDEVELOPMENT PROJECT BEGAN. 1055026 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 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 LUKE WANG MEMBER 1.00 X 0 0 0 VA-MEGN THOJ EXECUTIVE DIRECTOR 40.00 X 124573 0 33275 124573 0 33275 1 0 1 0 0 459668 611914 1071582 5240 5240 43600 61163 -17563 -17563 55413 52447 2966 2966 OTHER EARNED REVENUE 900099 13207 13207 13207 1075432 16173 0 -12323 X 157848 135610 18614 3624 245384 210814 28937 5633 5057 4345 596 116 36093 31008 4256 829 86572 74376 10209 1987 427946 367656 50466 9824 2161 1856 255 50 25153 21610 2966 577 13213 11352 1558 303 70035 60168 8259 1608 16697 14345 1969 383 2558 2197 302 59 5608 4818 661 129 9659 8298 1139 222 PROGRAM SUPPLIES & OTHE 91116 78279 10745 2092 EQUIPMENT EXPENSES 11956 10272 1410 274 MISCELLANEOUS 9924 8526 1170 228 STAFF DEVELOPMENT 7499 6443 884 172 3554 3053 419 82 1228033 1055026 144815 28192 704168 432398 882646 985537 609705 580840 17481 17481 183039 183039 10060 2697 377700 282482 44325 95218 2451424 2297210 47850 133044 100000 67660 147850 200704 X 1245423 1025673 1058151 1070833 2303574 2096506 2451424 2297210 -152601 -54467 0 X 0 0 0 X 1725201 1116644 751475 1637653 1071582 6302555 27338 6215 59955 23776 13207 130491 1752539 1122859 811430 1661429 1084789 6433046 0 0 0 6433046 177 1041 3630 5240 10088 177 1041 3630 5240 10088 1752539 1123036 812471 1665059 1090029 6443134 0.99840 0.99920 0.00160 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1 52500 0 0 52500 0 247551 247551 0 51500 29323 22177 78649 5608 73041 95218 NIGHT MARKET 43600 43600 61163 43600 43600 61163 61163 -17563 0 0 0 0 0 0 0 0 0 VA-MEGN THOJ EXECUTIVE DIRECTOR 124573 0 0 0 0 0 0 0 33275 0 157848 0 0 0 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 1,825. MANAGEMENT AND GENERAL EXPENSES 251. FUNDRAISING EXPENSES 49. TOTAL EXPENSES 2,125. ARTIST CONSULTANTS: PROGRAM SERVICE EXPENSES 55,494. MANAGEMENT AND GENERAL EXPENSES 7,617. FUNDRAISING EXPENSES 1,483. TOTAL EXPENSES 64,594. CONTRACT SERVICE: PROGRAM SERVICE EXPENSES 111,088. MANAGEMENT AND GENERAL EXPENSES 15,248. FUNDRAISING EXPENSES 2,968. TOTAL EXPENSES 129,304. CONSULTANTS AND PROFESSIONAL SERV: PROGRAM SERVICE EXPENSES 199,249. MANAGEMENT AND GENERAL EXPENSES 27,350. FUNDRAISING EXPENSES 5,324. TOTAL EXPENSES 231,923.