Minnesota · Nonprofit
ASIAN ECONOMIC DEVELOPMENT ASSOCIATION
ASIAN ECONOMIC DEVELOPMENT ASSOCIATION (Minnesota) receives grants from 30 organizations whose IRS filings report $5,211,572 to it, the largest being GREATER TWIN CITIES UNITED WAY ($1,288,222). 12 of them have funded it in more than one year.
- Revenue FY2024
- $1.1M
- Funders on record
- 30
- Grants received
- $5.2M
- Net assets
- $2.1M
What Asian Economic Development Association does
Mission
To increase economic opportunities for asian americans.
As stated on its FY2024 Form 990.
Program
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.
$1,055,026 spent$16,173 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,055,026.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $1.5M to $2.5M (+67%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 20% · 2018 31% · 2019 26% · 2020 5% · 2021 18% · 2022 20% · 2023 20% · 2024 43%. Grants only. Government contracts and fees sit inside program revenue.
100% of ASIAN ECONOMIC DEVELOPMENT ASSOCIATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (16% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Va-Megn Thoj
Executive director
Board chair
May Lee-Yang
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 7 funders, grant income fell $653k → $305k.
6 of 30 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 11% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of ASIAN ECONOMIC DEVELOPMENT ASSOCIATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ASIAN ECONOMIC DEVELOPMENT ASSOCIATION has a broad base — no single funder exceeds 25% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
52% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ASIAN ECONOMIC DEVELOPMENT ASSOCIATION.
Largest funder’s share by year: 2017 27% · 2018 36% · 2019 66% · 2020 50% · 2021 33% · 2022 26% · 2023 33% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
32% of ASIAN ECONOMIC DEVELOPMENT ASSOCIATION's funders are still giving 3 years after their first grant; 40% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of ASIAN ECONOMIC DEVELOPMENT ASSOCIATION's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $598k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ASIAN ECONOMIC DEVELOPMENT ASSOCIATION holds deeper cash reserves than three-quarters of the 1,551 employment nonprofits its size.
this organization peer median middle 50% of peers· 1,551 employment nonprofits $1M–$10M, FY2024
Government funding ASIAN ECONOMIC DEVELOPMENT ASSOCIATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $45k on record.
- Department of Agriculture$35k
- National Endowment for the Arts$10k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ASIAN ECONOMIC DEVELOPMENT ASSOCIATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for ASIAN ECONOMIC DEVELOPMENT ASSOCIATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ASIAN ECONOMIC DEVELOPMENT ASSOCIATION?
- ASIAN ECONOMIC DEVELOPMENT ASSOCIATION (Minnesota) receives grants from 30 organizations whose IRS filings report $5,211,572 to it, the largest being GREATER TWIN CITIES UNITED WAY ($1,288,222). 12 of them have funded it in more than one year.
- How many funders does ASIAN ECONOMIC DEVELOPMENT ASSOCIATION have?
- IRS filings report 30 organizations giving $5,211,572 in grants to ASIAN ECONOMIC DEVELOPMENT ASSOCIATION, 12 of which have funded it in more than one year.
- Who is the largest funder of ASIAN ECONOMIC DEVELOPMENT ASSOCIATION?
- GREATER TWIN CITIES UNITED WAY is the largest funder on record, with $1,288,222 in grants. The full list of funders is on this page.
- How can an organization like ASIAN ECONOMIC DEVELOPMENT ASSOCIATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 30 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing