MINNEAPOLIS, MN
Association For Black Economic Power
Quick Facts
- EIN
- 81-5486146
- Location
- MINNEAPOLIS, MN
- Category
- Community Development
- NTEE Code
- S30
- Total Assets
- $588K
- Annual Income
- $682K
- Annual Revenue
- $682K
- IRS Ruling Year
- 2018
- Tax Subsection
- 501(c)(03)
About This Organization
Association For Black Economic Power is a nonprofit organization based in MINNEAPOLIS, MN. It received its IRS tax-exempt ruling in 2018. The organization is classified under IRC Section 501(c)(03). It operates in the area of community development. Total assets are reported at $588K. Annual income is $682K. The organization has received $1.8M in foundation grants from 6 funders. It has received $50K in federal awards from 1 agency.
Grants Received from Foundations
Foundation grants awarded to Association For Black Economic Power, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Mcknight Foundation | $500K | 2024 | for working capital to launch Arise Community Credit Union as the state's first Black-led community credit union and provide a pathway to stabilize and build community wealth |
| Centerpoint Energy Foundation Inc. | $10K | 2023 | GENERAL DONATION |
| Gates Foundation | $350K | 2022 | PUBLIC AWARENESS AND ANALYSIS |
| Gates Foundation | $350K | 2022 | PUBLIC AWARENESS AND ANALYSIS |
| Mcknight Foundation | $100K | 2022 | To support the launch of Village Financial Credit Union |
| Mcknight Foundation | $100K | 2022 | To support the launch of Village Financial Credit Union |
| Mcknight Foundation | $100K | 2020 | For general operating support |
| Mcknight Foundation | $100K | 2020 | For general operating support |
| Mcknight Foundation | $100K | 2020 | For general operating support |
| Mcknight Foundation | $100K | 2020 | For general operating support |
| The Confidence Foundation | $5K | 2020 | PIMENTO RELIEF FUND |
| Jamf Nation Global Foundation | $280 | 2020 | HUMAN SERVICES |
| Verizon Foundation | $200 | 2020 | MIP PAYOUT FOR 07/14/20 |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of the Treasury | 2 awards totaling $50,000 | $50K | 2023 |
Frequently Asked Questions
What does Association For Black Economic Power do?
Association For Black Economic Power is a nonprofit organization focused on community development, based in MINNEAPOLIS, MN. It is classified under IRC Section 501(c)(03).
Who funds Association For Black Economic Power?
Association For Black Economic Power has received foundation grants from Mcknight Foundation, Centerpoint Energy Foundation Inc., Gates Foundation, and others. It has also received federal awards from Department of the Treasury.
What is Association For Black Economic Power's annual revenue?
Association For Black Economic Power reports total assets of $588K. Annual income is $682K.
Where is Association For Black Economic Power located?
Association For Black Economic Power is located in MINNEAPOLIS, MN.
Is Association For Black Economic Power a 501(c)(3)?
Yes, Association For Black Economic Power is a 501(c)(3) tax-exempt organization. Its EIN is 81-5486146. Donations to this organization may be tax-deductible.
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