Association for Black Economic Power logo

Association for Black Economic Power

Public charity · Grantmaker Minneapolis, MN EIN: 81-5486146 Website

See form 990, part I, line 1.

Key facts about Association for Black Economic Power

EIN
81-5486146
Latest 990 filing
Form 990, 2025
Total assets
$151,996

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$152K

-74.2% YoY

Revenue

$130K

-81.0% YoY

Net Investment Income

$84

-94.9% YoY

Expenses

$534K

-17.8% YoY

About Association for Black Economic Power

Based on IRS filings

Association for Black Economic Power is a public charity focused on Community Improvement & Capacity Building, based in Minneapolis, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $152K in total assets. Net investment income was $84.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Minneapolis

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K0 grants2019 0 grants2020 1 grant2021 0 grants2022 0 grants2023 0 grants2024 0 grants2025

In 2021 it made 1 grant totaling $261K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grants across all recorded years

<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$151,996$588,007$521,918
Revenue$129,774$682,388$182,196
Expenses$533,913$649,355$488,037
Net Investment Income$84$1,632$1,036

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS March 25, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 4, 2022)
  3. Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)

Leadership & Key People

Officers and directors from IRS filings

Association for Black Economic Power is led by Debra Hurston, Executive Director on every filing since 2020; 1 of 8 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Debra Hurston

    Executive Director

    On filings since 2020

    40 hrs/week

    $100K (2021) → $110K (2025)

  • Juneau Robbins

    Chair

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Gracie George

    Director

    Secretary → Director, 2022

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Sean James

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Kiley Demery

    Director

    On filings since 2024

    2 hrs/week

    No compensation reported

  • Sandy Johnson

    Director

    On filings since 2024

    2 hrs/week

    No compensation reported

  • Grover Jones

    Treasurer

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Ben Hering

    Secretary

    On filings since 2023

    2 hrs/week

    No compensation reported

Former officers (13)
  • Former: Valerie Geaither (2020–2023) — Director
  • Former: Ibrahim Owolabi (2022–2023) — Director
  • Former: Aquilla Robinson (2023) — Director
  • Former: James Holmes (2023) — Director
  • Former: Chaz Sandifer (2022) — Director
  • Former: Simone Hardeman-Jones (2022) — Secretary
  • Former: Domonique Scott (2020–2021) — Director
  • Former: Shane Hughley (2020–2021) — Director
  • Former: Elaine Rasmussen (2019–2020) — Interim Executive Director
  • Former: Felicia Perry (2019) — Director
  • Former: Jonathan Banks (2019) — Chair
  • Former: Malcom Wells (2019) — Secretary
  • Former: Patrick Troska (2019) — Treasurer

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Debra Hurston — Executive Director: $110KDebra HurstonExecutive Director$110K

The highest reported compensation on the 2025 filing was $110K, to Debra Hurston (Executive Director).

Frequently asked questions about Association for Black Economic Power

How large is Association for Black Economic Power?

Association for Black Economic Power reported $152K in total assets on its 2025 IRS Form 990. Its revenue that year was $130K.

What is Association for Black Economic Power?

Association for Black Economic Power is a public charity focused on Community Improvement & Capacity Building, based in Minneapolis, MN. It holds $152K in total assets as of 2025.

Where does Association for Black Economic Power operate?

Association for Black Economic Power has awarded grants in Minnesota.

What is Association for Black Economic Power's EIN?

Association for Black Economic Power's EIN (Employer Identification Number) is 81-5486146. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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