AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS (AEDS) BUILDS WEALTH WITHIN AFRICAN IMMIGRANT COMMUNITIES IN THE TWIN CITIES THROUGH ECONOMIC DEVELOPMENT ACTIVITIES. WE WORK THROUGHOUT THE TWIN CITIES METROPOLITAN AREA TO CREATE WEALTH, LIFT IMMIGRANT COMMUNITIES OUT OF POVERTY, AND CONTRIBUTE TO AND BENEFIT FROM THE REGION'S VIBRANT ECONOMY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.7M
+35.7% YoY
Revenue
$5.2M
+34.2% YoY
Net Investment Income
—
Expenses
$2.3M
+22.0% YoY
About African Economic Development Solutions
Based on IRS filings
African Economic Development Solutions is a nonprofit organization focused on Education, based in ST PAUL, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.7M in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,711,523 | $10,106,080 | $6,521,701 |
| Revenue | $5,189,587 | $3,868,135 | $3,784,754 |
| Expenses | $2,292,377 | $1,878,258 | $3,113,284 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REBECCA COOPER | CHAIR | 1 | — |
| GROVER JONES | SECRETARY | 1 | — |
| GEBI TUFAA | TREASURER | 1 | — |
| ANTHONY J ISUBIKALU | DIRECTOR | 1 | — |
| NONKULUEKO SHONGWE | DIRECTOR | 1 | — |
| EBISSO UKA | DIRECTOR | 1 | — |
| GENE GELGELU | PRESIDENT & CEO | 40 | $146,780 |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Assets
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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