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Asian Economic Development Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411911474 ✦ Saint paul, MN ✦ Designated as a 501(c)(3)

Overview

What is Asian Economic Development Association?

The Asian Economic Development Association is a nonprofit organization situated in Saint Paul, Minnesota, at 422 University Avenue West 14. Their primary mission is to enhance economic opportunities for Asian Americans. They achieve this by organizing cultural events, promoting the Little Mekong District in Saint Paul, and creating access to economic prospects for artists within the Twin Cities' Asian communities. The association strives to provide cultural experiences to the public and contribute to the overall development and growth of these communities. The organization is staffed by a team of seven dedicated individuals.


Official website here: www.aedamn.org

Is Asian Economic Development Association legitimate?

Asian Economic Development Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Economic Development Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $123,169
Professional Fundraising Fees: $0
Other Salaries and Wages: $291,731

For more financial information, click here


Official website here: www.aedamn.org

What is the mission statement of Asian Economic Development Association?

The Asian Economic Development Association's mission is centered around enhancing economic prospects for the Asian American community. In pursuit of this objective, the organization strives to create and facilitate economic opportunities. To achieve this, they engage in activities that promote cultural events, particularly in the Little Mekong District of Saint Paul. This initiative not only exposes the public to the rich cultural heritage of the Asian communities in the Twin Cities but also provides economic opportunities for local artists.


Official website here: www.aedamn.org

Who is the CEO of Asian Economic Development Association?

Va-Megn Thoj is the Chair of Asian Economic Development Association.


Official website here: www.aedamn.org

What is the revenue of Asian Economic Development Association?

Asian Economic Development Association's revenue in 2022 was $808,780.


Official website here: www.aedamn.org

Who are the executives of Asian Economic Development Association and what are their salaries?

The average compensation at Asian Economic Development Association during 2022 was $59,271. There are 7 employees and 15 volunteers at Asian Economic Development Association.

Here are 5 key members and their salaries:

    Va-Megn Thoj (Executive Director)
  • Compensation: $100,051
  • Related: $0
  • Other: $23,118

    • Victor Vong Lee (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • May Lee-Yang (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erica Nguyen (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Seng Ratabout (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aedamn.org

    Where can I find the form 990 for Asian Economic Development Association?

    The Asian Economic Development Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.aedamn.org

    Learn more at the official website: www.aedamn.org

    Mission Statement of Asian Economic Development Association

    The Asian Economic Development Association, a notable organization, is committed to expanding economic prospects for Asian Americans. As part of its mission, the association strives to create avenues for economic advancement within the Asian American community. To achieve this, the organization focuses on the arts and culture sector. They organize cultural events and champion the Little Mekong District in Saint Paul, making it accessible to the public. This initiative not only showcases Asian art and culture but also provides economic opportunities for artists belonging to the Twin Cities' Asian communities.

    Impact

    This information is meant to be a general summary of Asian Economic Development Association. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Asian Economic Development Association's impact is felt through its efforts to increase economic opportunities for Asian Americans in Saint Paul, Minnesota. By providing cultural events and promoting the Little Mekong District, they create access to economic opportunities for artists in the Twin Cities' Asian communities. Their focus on promoting arts and culture not only enriches the community but also contributes to the economic development of Asian American individuals and businesses. Through their work, they help bridge gaps and enhance employment prospects for Asian Americans in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,041
  • Program Service Revenue: $33,147
  • Gross Receipts: $812,471

    • Assets and Liabilities:
  • Total Assets: $1,466,675
  • Total Liabilities: $139,269
  • Net Assets: $1,327,406
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM FEES

    Revenue

    $33,147

    Organization Details

    Founding Year

    1998

    Principal Officer

    Va-Megn Thoj

    Main Address

    422 UNIVERSITY AVENUE WEST 14, SAINT PAUL, MN, 55103

    NTEE Category

    Code: J22 - Employment

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