MINNEAPOLIS, MN
Metropolitan Economic Development Association
Quick Facts
- EIN
- 41-0977257
- Location
- MINNEAPOLIS, MN
- Total Assets
- $63.5M
- Annual Income
- $16.1M
- Annual Revenue
- $15.5M
- IRS Ruling Year
- 1971
- Tax Subsection
- 501(c)(03)
About This Organization
Metropolitan Economic Development Association is a nonprofit organization based in MINNEAPOLIS, MN. It received its IRS tax-exempt ruling in 1971. The organization is classified under IRC Section 501(c)(03). Total assets are reported at $63.5M. Annual income is $16.1M. The organization has received $6.4M in foundation grants from 14 funders. It has received $45.6M in federal awards from 4 agencies.
Grants Received from Foundations
Foundation grants awarded to Metropolitan Economic Development Association, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Mcknight Foundation | $180K | 2024 | to build capacity for the Access To Capital 2025 Initiative |
| Target Foundation | $175K | 2024 | ECONOMIC OPPORTUNITY - HOMETOWN |
| Mcknight Foundation | $820K | 2023 | To build capacity for the Access To Capital 2025 Initiative |
| Surdna Foundation Inc. | $225K | 2023 | General Support |
| Target Foundation | $100K | 2023 | ECONOMIC OPPORTUNITY - HOMETOWN |
| Target Foundation | $100K | 2023 | ECONOMIC OPPORTUNITY - HOMETOWN |
| Mcknight Foundation | $100K | 2023 | For a landscape assessment project to solidify regional infrastructure partners, secure funders for program and business acquisition, get corporate buyer commitment, and formally launch a concept to transfer business ownership to potential BIPOC owners |
| Otto Bremer Trust | $75K | 2023 | BUILDING WEALTH THROUGH BIPOC ENTREPRENEURSHIP |
| Cargill Foundation | $50K | 2023 | ACCESS TO CAPITAL 2025 |
| Xcel Energy Foundation | $40K | 2023 | COMMUNITY VITALITY |
| F R Bigelow Foundation Trust 555 | $30K | 2023 | MEDA BIPOC ENTREPRENEUR FUNDING |
| Jpmorgan Chase Foundation | $200 | 2023 | GENERAL OPERATING SUPPORT |
| Mcknight Foundation | $1M | 2022 | To seed the 10,000 Black Businesses Initiative and invest in Black entrepreneurship |
| Mcknight Foundation | $1M | 2022 | To seed the 10,000 Black Businesses Initiative and invest in Black entrepreneurship |
| Mcknight Foundation | $100K | 2022 | For general operating support, and for one time organizational capacity building to increase lending |
| Cargill Foundation | $100K | 2022 | ACCELERATING MINORITY BUSINESS GROWTH |
| Mcknight Foundation | $100K | 2022 | For general operating support, and for one time organizational capacity building to increase lending |
| Cargill Foundation | $100K | 2022 | ACCELERATING MINORITY BUSINESS GROWTH |
| Deluxe Corporation Foundation | $100K | 2022 | GENERAL OPERATING SUPPORT |
| Deluxe Corporation Foundation | $100K | 2022 | GENERAL OPERATING SUPPORT |
| Pohlad Family Foundation | $80K | 2022 | PROJECT |
| Pohlad Family Foundation | $80K | 2022 | PROJECT |
| Otto Bremer Trust | $75K | 2022 | CREATING WEALTH THROUGH BIPOC ENTREPRENEURSHIP |
| Otto Bremer Trust | $75K | 2022 | CREATING WEALTH THROUGH BIPOC ENTREPRENEURSHIP |
| Jpmorgan Chase Foundation | $50K | 2022 | IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION |
| Jpmorgan Chase Foundation | $50K | 2022 | IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION |
| Xcel Energy Foundation | $40K | 2022 | COMMUNITY VITALITY / MATCHING FUNDS |
| Xcel Energy Foundation | $40K | 2022 | COMMUNITY VITALITY / MATCHING FUNDS |
| F R Bigelow Foundation Trust 555 | $30K | 2022 | 2022 TRANSITIONAL EAST METRO PROGRAM GRANT |
| F R Bigelow Foundation Trust 555 | $30K | 2022 | 2022 TRANSITIONAL EAST METRO PROGRAM GRANT |
| Travelers Foundation | $25K | 2022 | Program support for Creating Wealth through BIPOC entrepreneurship |
| Travelers Foundation | $25K | 2022 | Program support for Creating Wealth through BIPOC entrepreneurship |
| Mcknight Foundation | $15K | 2022 | For general operating support in recognition Metropolitan Economic Development Association's participation in the GroundBreak Coalition's work groups |
| Mcknight Foundation | $15K | 2022 | For general operating support in recognition Metropolitan Economic Development Association's participation in the GroundBreak Coalition's work groups |
| Jpmorgan Chase Foundation | $200 | 2022 | GENERAL OPERATING SUPPORT |
| Jpmorgan Chase Foundation | $200 | 2022 | GENERAL OPERATING SUPPORT |
| Mcknight Foundation | $140K | 2021 | for general operating support, and for one time organizational capacity building to increase lending |
| Mcknight Foundation | $140K | 2021 | for general operating support, and for one time organizational capacity building to increase lending |
| Mcknight Foundation | $140K | 2021 | for general operating support, and for one time organizational capacity building to increase lending |
| Ewing Marion Kauffman Foundation | $90K | 2021 | SUPPORT TO BUILD THE CAPACITY OF THE MINORITY BUSINESS ADVISORY COUNCIL IN AN EFFORT TO INCREASE SUPPORT FOR MINORITY ENTREPRENEURS, REDUCE BARRIERS THAT LIMIT THEIR CREATION OF NEW BUSINESSES, AND EDUCATE MINNESOTA POLICYMAKERS. 201710-3263 |
| Northwest Area Foundation | $75K | 2021 | CATALYST COVID-19 RESPONSE: TECHNICAL ASSISTANCE FOR MINORITY ENTREPRENEURS |
| Cargill Foundation | $30K | 2021 | ACCELERATING MINORITY BUSINESS GROWTH |
| F R Bigelow Foundation Trust 555 | $30K | 2021 | WAKE UP BIPOC-OWNED BUSINESSES - EAST METRO AREA |
| W K Kellogg Foundation | $240K | 2020 | strengthen efforts to enhance wealth in minority families and tackle economic inequality by expanding a business ecosystem model to catalyze and accelerate minority business growth |
| Cargill Foundation | $80K | 2020 | ACCELERATING MINORITY BUSINESS GROWTH |
| Mcknight Foundation | $75K | 2020 | For general operating, project, and capital support |
| Mcknight Foundation | $75K | 2020 | To provide recovery and retooling technical assistance to BIPOC-owned businesses affected by the COVID-19 pandemic, and to attract much needed capital to provide bridge financing to BIPOC-owned businesses in position to survive the downturn, and CARES Act |
| Mcknight Foundation | $75K | 2020 | For general operating, project, and capital support |
| Mcknight Foundation | $75K | 2020 | To provide recovery and retooling technical assistance to BIPOC-owned businesses affected by the COVID-19 pandemic, and to attract much needed capital to provide bridge financing to BIPOC-owned businesses in position to survive the downturn, and CARES Act |
| Xcel Energy Foundation | $40K | 2020 | 2020 ECONOMIC SUSTAINABILITY GRANT |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of Commerce | 21 awards totaling $32,252,211 | $32.3M | 2025 |
| Department of the Treasury | 6 awards totaling $11,035,507 | $11M | 2025 |
| Department of Defense | 4 awards totaling $1,841,360 | $1.8M | 2025 |
| Small Business Administration | 4 awards totaling $428,233 | $428K | 2025 |
Frequently Asked Questions
What does Metropolitan Economic Development Association do?
Metropolitan Economic Development Association is a nonprofit organization based in MINNEAPOLIS, MN. It is classified under IRC Section 501(c)(03).
Who funds Metropolitan Economic Development Association?
Metropolitan Economic Development Association has received foundation grants from Mcknight Foundation, Target Foundation, Surdna Foundation Inc., and others. It has also received federal awards from Department of Commerce, Department of the Treasury, Department of Defense, among others.
What is Metropolitan Economic Development Association's annual revenue?
Metropolitan Economic Development Association reports total assets of $63.5M. Annual income is $16.1M.
Where is Metropolitan Economic Development Association located?
Metropolitan Economic Development Association is located in MINNEAPOLIS, MN.
Is Metropolitan Economic Development Association a 501(c)(3)?
Yes, Metropolitan Economic Development Association is a 501(c)(3) tax-exempt organization. Its EIN is 41-0977257. Donations to this organization may be tax-deductible.
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