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Employer Identification Number 41-0977257

METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION
Employer identification number (EIN):41-0977257
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:561300
401k Pension/Benefits registration METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationMichigan, MI

Organization Overview

Mission StatementHelping minority entrepreneurs succeed.
Number of Employees39
Number of Volunteers200
Year Formed1971

Organization Governance

Legal DomicileMN
Voting Members - Governing Body28
Voting Members - Independent27

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,589,214
Program Service Revenue from current yearUSD $ 1,892,072
Investment Income from prior yearUSD $ 270
Investment Income from current yearUSD $ 5,153
Other Revenue from prior yearUSD $ -241,834
Other Revenue from current yearUSD $ -164,214
Gross receipts from all sourcesUSD $ 9,598,712
Net assets / fund balances at end of fiscal yearUSD $ 11,580,823
Net assets / fund balances at beginning of fiscal yearUSD $ 10,364,416
Total liabilities at end of fiscal yearUSD $ 31,397,199
Total liabilities at beginning of fiscal yearUSD $ 28,348,723
Total assets at end of fiscal yearUSD $ 42,978,022
Total assets at beginning of fiscal yearUSD $ 38,713,139
Revenues less expenses for current yearUSD $ 1,216,407
Revenues less expenses for previous yearUSD $ -2,951,846
Total expenses for current yearUSD $ 8,074,691
Total expenses for previous yearUSD $ 9,518,584
Other expenses in current yearUSD $ 4,377,333
Other expenses in previous yearUSD $ 5,382,238
Total fundraising expenses in current yearUSD $ 925,214
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,330,118
Employee salary and benefits paid in previous yearUSD $ 3,746,919
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 367,240
Grants and similar amounts paid in previous yearUSD $ 389,427
Total revenue in current fiscal yearUSD $ 9,291,098
Total revenue in previous fiscal yearUSD $ 6,566,738
Contributions and grants from current yearUSD $ 7,558,087
Contributions and grants from previous yearUSD $ 5,219,088
Gross income from fundraising eventsUSD $ 143,400
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,009,557
Program Service Revenue from current yearUSD $ 1,589,214
Investment Income from prior yearUSD $ 275
Investment Income from current yearUSD $ 270
Other Revenue from prior yearUSD $ 5,845
Other Revenue from current yearUSD $ -241,834
Gross receipts from all sourcesUSD $ 6,824,209
Net assets / fund balances at end of fiscal yearUSD $ 10,364,416
Net assets / fund balances at beginning of fiscal yearUSD $ 13,316,262
Total liabilities at end of fiscal yearUSD $ 28,348,723
Total liabilities at beginning of fiscal yearUSD $ 31,797,322
Total assets at end of fiscal yearUSD $ 38,713,139
Total assets at beginning of fiscal yearUSD $ 45,113,584
Revenues less expenses for current yearUSD $ -2,951,846
Revenues less expenses for previous yearUSD $ 4,130,176
Total expenses for current yearUSD $ 9,518,584
Total expenses for previous yearUSD $ 7,934,680
Other expenses in current yearUSD $ 5,382,238
Other expenses in previous yearUSD $ 4,285,154
Total fundraising expenses in current yearUSD $ 1,381,864
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,746,919
Employee salary and benefits paid in previous yearUSD $ 3,159,526
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 389,427
Grants and similar amounts paid in previous yearUSD $ 490,000
Total revenue in current fiscal yearUSD $ 6,566,738
Total revenue in previous fiscal yearUSD $ 12,064,856
Contributions and grants from current yearUSD $ 5,219,088
Contributions and grants from previous yearUSD $ 10,049,179
Gross income from fundraising eventsUSD $ 14,527
Total of other revenueUSD $ 1,110
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,643,075
Program Service Revenue from current yearUSD $ 2,009,557
Investment Income from prior yearUSD $ 276,286
Investment Income from current yearUSD $ 275
Other Revenue from prior yearUSD $ 69,715
Other Revenue from current yearUSD $ 5,845
Gross receipts from all sourcesUSD $ 12,064,856
Net assets / fund balances at end of fiscal yearUSD $ 13,316,262
Net assets / fund balances at beginning of fiscal yearUSD $ 9,186,086
Total liabilities at end of fiscal yearUSD $ 31,797,322
Total liabilities at beginning of fiscal yearUSD $ 30,309,101
Total assets at end of fiscal yearUSD $ 45,113,584
Total assets at beginning of fiscal yearUSD $ 39,495,187
Revenues less expenses for current yearUSD $ 4,130,176
Revenues less expenses for previous yearUSD $ 1,554,293
Total expenses for current yearUSD $ 7,934,680
Total expenses for previous yearUSD $ 6,034,922
Other expenses in current yearUSD $ 4,285,154
Other expenses in previous yearUSD $ 2,918,241
Total fundraising expenses in current yearUSD $ 1,047,174
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,159,526
Employee salary and benefits paid in previous yearUSD $ 3,116,681
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 490,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 12,064,856
Total revenue in previous fiscal yearUSD $ 7,589,215
Contributions and grants from current yearUSD $ 10,049,179
Contributions and grants from previous yearUSD $ 5,600,139
Total of other revenueUSD $ 5,845
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,422,146
Program Service Revenue from current yearUSD $ 1,643,075
Investment Income from prior yearUSD $ 673
Investment Income from current yearUSD $ 276,286
Other Revenue from prior yearUSD $ -68,219
Other Revenue from current yearUSD $ 69,715
Gross receipts from all sourcesUSD $ 7,685,776
Net assets / fund balances at end of fiscal yearUSD $ 9,186,086
Net assets / fund balances at beginning of fiscal yearUSD $ 7,631,793
Total liabilities at end of fiscal yearUSD $ 30,309,101
Total liabilities at beginning of fiscal yearUSD $ 19,350,501
Total assets at end of fiscal yearUSD $ 39,495,187
Total assets at beginning of fiscal yearUSD $ 26,982,294
Revenues less expenses for current yearUSD $ 1,554,293
Revenues less expenses for previous yearUSD $ -842,780
Total expenses for current yearUSD $ 6,034,922
Total expenses for previous yearUSD $ 6,699,083
Other expenses in current yearUSD $ 2,918,241
Other expenses in previous yearUSD $ 3,279,157
Total fundraising expenses in current yearUSD $ 713,543
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,116,681
Employee salary and benefits paid in previous yearUSD $ 3,419,926
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,589,215
Total revenue in previous fiscal yearUSD $ 5,856,303
Contributions and grants from current yearUSD $ 5,600,139
Contributions and grants from previous yearUSD $ 4,501,703
Gross income from fundraising eventsUSD $ 14,245
Total of other revenueUSD $ 8,996
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,288,453
Program Service Revenue from current yearUSD $ 1,422,146
Investment Income from prior yearUSD $ 640
Investment Income from current yearUSD $ 673
Other Revenue from prior yearUSD $ -88,731
Other Revenue from current yearUSD $ -68,219
Gross receipts from all sourcesUSD $ 6,013,093
Net assets / fund balances at end of fiscal yearUSD $ 7,631,793
Net assets / fund balances at beginning of fiscal yearUSD $ 8,474,573
Total liabilities at end of fiscal yearUSD $ 19,350,501
Total liabilities at beginning of fiscal yearUSD $ 16,145,871
Total assets at end of fiscal yearUSD $ 26,982,294
Total assets at beginning of fiscal yearUSD $ 24,620,444
Revenues less expenses for current yearUSD $ -842,780
Revenues less expenses for previous yearUSD $ 1,026,821
Total expenses for current yearUSD $ 6,699,083
Total expenses for previous yearUSD $ 6,346,017
Other expenses in current yearUSD $ 3,279,157
Other expenses in previous yearUSD $ 3,056,830
Total fundraising expenses in current yearUSD $ 994,930
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,419,926
Employee salary and benefits paid in previous yearUSD $ 3,289,187
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 5,856,303
Total revenue in previous fiscal yearUSD $ 7,372,838
Contributions and grants from current yearUSD $ 4,501,703
Contributions and grants from previous yearUSD $ 6,172,476
Gross income from fundraising eventsUSD $ 88,000
Total of other revenueUSD $ 571
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 23,146
Program Service Revenue from prior yearUSD $ 805,470
Program Service Revenue from current yearUSD $ 1,288,453
Investment Income from prior yearUSD $ 1,171
Investment Income from current yearUSD $ 640
Other Revenue from prior yearUSD $ -108,154
Other Revenue from current yearUSD $ -88,731
Gross receipts from all sourcesUSD $ 7,592,542
Net assets / fund balances at end of fiscal yearUSD $ 8,474,573
Net assets / fund balances at beginning of fiscal yearUSD $ 7,447,752
Total liabilities at end of fiscal yearUSD $ 16,145,871
Total liabilities at beginning of fiscal yearUSD $ 8,939,018
Total assets at end of fiscal yearUSD $ 24,620,444
Total assets at beginning of fiscal yearUSD $ 16,386,770
Revenues less expenses for current yearUSD $ 1,026,821
Revenues less expenses for previous yearUSD $ 153,289
Total expenses for current yearUSD $ 6,346,017
Total expenses for previous yearUSD $ 5,829,336
Other expenses in current yearUSD $ 3,056,830
Other expenses in previous yearUSD $ 2,487,280
Total fundraising expenses in current yearUSD $ 914,485
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,289,187
Employee salary and benefits paid in previous yearUSD $ 3,271,056
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 71,000
Total revenue in current fiscal yearUSD $ 7,372,838
Total revenue in previous fiscal yearUSD $ 5,982,625
Contributions and grants from current yearUSD $ 6,172,476
Contributions and grants from previous yearUSD $ 5,284,138
Gross income from fundraising eventsUSD $ 121,580
Total of other revenueUSD $ 9,393
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 628,204
Program Service Revenue from current yearUSD $ 805,470
Investment Income from prior yearUSD $ 9,165
Investment Income from current yearUSD $ 1,171
Other Revenue from prior yearUSD $ -100,108
Other Revenue from current yearUSD $ -108,154
Gross receipts from all sourcesUSD $ 6,191,402
Net assets / fund balances at end of fiscal yearUSD $ 7,447,752
Net assets / fund balances at beginning of fiscal yearUSD $ 7,294,463
Total liabilities at end of fiscal yearUSD $ 8,939,018
Total liabilities at beginning of fiscal yearUSD $ 8,088,532
Total assets at end of fiscal yearUSD $ 16,386,770
Total assets at beginning of fiscal yearUSD $ 15,382,995
Revenues less expenses for current yearUSD $ 153,289
Revenues less expenses for previous yearUSD $ 3,144,814
Total expenses for current yearUSD $ 5,829,336
Total expenses for previous yearUSD $ 4,026,359
Other expenses in current yearUSD $ 2,487,280
Other expenses in previous yearUSD $ 1,298,582
Total fundraising expenses in current yearUSD $ 712,513
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,271,056
Employee salary and benefits paid in previous yearUSD $ 2,627,277
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 71,000
Grants and similar amounts paid in previous yearUSD $ 100,500
Total revenue in current fiscal yearUSD $ 5,982,625
Total revenue in previous fiscal yearUSD $ 7,171,173
Contributions and grants from current yearUSD $ 5,284,138
Contributions and grants from previous yearUSD $ 6,633,912
Gross income from fundraising eventsUSD $ 94,519
Total of other revenueUSD $ 6,104
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 824,674
Program Service Revenue from current yearUSD $ 628,204
Investment Income from prior yearUSD $ 1,846
Investment Income from current yearUSD $ 9,165
Other Revenue from prior yearUSD $ -30,850
Other Revenue from current yearUSD $ -100,108
Gross receipts from all sourcesUSD $ 7,385,977
Net assets / fund balances at end of fiscal yearUSD $ 7,294,463
Net assets / fund balances at beginning of fiscal yearUSD $ 4,149,649
Total liabilities at end of fiscal yearUSD $ 8,088,532
Total liabilities at beginning of fiscal yearUSD $ 7,218,049
Total assets at end of fiscal yearUSD $ 15,382,995
Total assets at beginning of fiscal yearUSD $ 11,367,698
Revenues less expenses for current yearUSD $ 3,144,814
Revenues less expenses for previous yearUSD $ 300,055
Total expenses for current yearUSD $ 4,026,359
Total expenses for previous yearUSD $ 3,557,547
Other expenses in current yearUSD $ 1,298,582
Other expenses in previous yearUSD $ 1,213,788
Total fundraising expenses in current yearUSD $ 416,824
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,627,277
Employee salary and benefits paid in previous yearUSD $ 2,343,759
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 100,500
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,171,173
Total revenue in previous fiscal yearUSD $ 3,857,602
Contributions and grants from current yearUSD $ 6,633,912
Contributions and grants from previous yearUSD $ 3,061,932
Gross income from fundraising eventsUSD $ 108,885
Total of other revenueUSD $ 5,811
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,660,865
Program Service Revenue from current yearUSD $ 824,674
Investment Income from prior yearUSD $ 1,970
Investment Income from current yearUSD $ 1,846
Other Revenue from prior yearUSD $ -25,833
Other Revenue from current yearUSD $ -30,850
Gross receipts from all sourcesUSD $ 4,052,273
Net assets / fund balances at end of fiscal yearUSD $ 4,149,649
Net assets / fund balances at beginning of fiscal yearUSD $ 3,849,594
Total liabilities at end of fiscal yearUSD $ 7,218,049
Total liabilities at beginning of fiscal yearUSD $ 5,709,682
Total assets at end of fiscal yearUSD $ 11,367,698
Total assets at beginning of fiscal yearUSD $ 9,559,276
Revenues less expenses for current yearUSD $ 300,055
Revenues less expenses for previous yearUSD $ 792,293
Total expenses for current yearUSD $ 3,557,547
Total expenses for previous yearUSD $ 3,211,610
Other expenses in current yearUSD $ 1,213,788
Other expenses in previous yearUSD $ 1,042,211
Total fundraising expenses in current yearUSD $ 358,036
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,343,759
Employee salary and benefits paid in previous yearUSD $ 2,169,399
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,857,602
Total revenue in previous fiscal yearUSD $ 4,003,903
Contributions and grants from current yearUSD $ 3,061,932
Contributions and grants from previous yearUSD $ 2,366,901
Gross income from fundraising eventsUSD $ 150,319
Total of other revenueUSD $ 13,502

Other Company Names associated with EIN

Metropolitan Economic Development

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 410977257

USA Location Address
250 SECOND AVENUE SOUTH
SUITE 106
MINNEAPOLIS
MN
554012168
Date first seen: 2011-06-28
Date last seen: 2018-06-19
USA Location Address
1256 PENN AVENUE NORTH
SUITE 4800
MINNEAPOLIS
MN
55411
Date first seen: 2007-01-01
Date last seen: 2024-06-30
USA Mailing Address
250 SECOND AVENUE SOUTH NO 106
MINNEAPOLIS
MN
55401
Date first seen: 2007-01-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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