Asian Economic Development Association
To increase economic opportunities for asian americans.
Asian Economic Development Association at a glance
- Total assets
- $2,297,210
- -6.3% vs 2023
- Revenue (2024)
- $1,075,432
- -35.4% vs 2023
- Net investment income (2024)
- $5,240
- +44.4% vs 2023
- Expenses (2024)
- $1,228,033
- +39.4% vs 2023
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated September 2026.
Who Asian Economic Development Association funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 7 grants totaling $62K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boba & Tea | Rebuilding After Unrest in the Twin Cities | $10,000 |
| Little Saigon Supermarket | Rebuilding After Unrest in the Twin Cities | $10,000 |
| King Cajun Inc | Rebuilding After Unrest in the Twin Cities | $10,000 |
| Pebmoob Senior Enter | Rebuilding After Unrest in the Twin Cities | $8,000 |
| Gandhi Mahal LLC | Rebuilding After Unrest in the Twin Cities | $8,000 |
| Lake and Nicollet Cost Cutters | Rebuilding After Unrest in the Twin Cities | $8,000 |
| Nail and Skin Care Inc | Rebuilding After Unrest in the Twin Cities | $8,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,297,210 | $1,075,432 | $1,228,033 | — | — | $5,240 |
| 2023 | $2,451,424 | $1,665,059 | $881,250 | — | — | $3,630 |
| 2022 | $1,466,675 | $808,780 | $1,056,618 | — | — | $1,041 |
| 2021 | $1,687,211 | $1,123,036 | $745,593 | $62,000 | 7 | $177 |
About Asian Economic Development Association
Based on IRS filings
Asian Economic Development Association is a nonprofit organization focused on Employment, based in Saint Paul, MN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.3M in total assets. Net investment income was $5K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Asian Economic Development Association is led by Va-Megn Thoj, Executive Director on every filing since 2021; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Va-Megn Thoj
Executive Director
On filings since 2021
40 hrs/week
$88K (2021) → $125K (2024)
May Lee-Yang
Chair
Vice Chair → Chair, 2023
On filings since 2021
1 hr/week
No compensation reported
Christopher Ratsamy
Member
On filings since 2023
1 hr/week
No compensation reported
Ericka Trinh
Member
On filings since 2023
1 hr/week
No compensation reported
Luke Wang
Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (4)
- Former: Vue Thao (2021–2023) — Member
- Former: Erica Nguyen (2021–2022) — Member
- Former: Seng Ratabout (2021–2022) — Member
- Former: Victor Vong Lee (2021–2022) — Chair
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $125K, to Va-Megn Thoj (Executive Director).
Frequently asked questions about Asian Economic Development Association
How large is Asian Economic Development Association?
Asian Economic Development Association reported $2.3M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $1.1M.
What is Asian Economic Development Association?
Asian Economic Development Association is a nonprofit organization focused on Employment, based in Saint Paul, MN. It holds $2.3M in total assets as of 2024.
What is Asian Economic Development Association's EIN?
Asian Economic Development Association's EIN (Employer Identification Number) is 41-1911474. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Asian Economic Development Association down — hundreds of funders to go?