African Economic Development Solutions
Donations deductibleRevenue
$5.2m
year to 31 December 2024
Expenses
$2.3m
year to 31 December 2024
Total assets
$13.7m
$4.4m liabilities
Net assets
$9.3m
assets less liabilities
Directors and trustees
8
5.4 years on average
Staff
13
employees, year to 31 December 2024
Chair observed
≥5 yrs
Kate Speed
Left since last filing
2
25% of the board
African Economic Development Solutions' network
8 people5 organisationsi8 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (8). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
8 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Kate Speed Chair | Chair | 2018 | 8 yrs |
| Anthony J Isubikalu | Director | 2019 | 7 yrs |
| Ebisso UKA | Director | 2022 | 4 yrs |
| Gebi Tufaa | Treasurer | 2022 | 4 yrs |
| Grover Jones | Director | 2023 | 3 yrs |
| Nonkulueko Shongwe | Director | 2023 | 3 yrs |
| Omer Kissi | Director | 2022 | 4 yrs |
| Rebecca Cooper | Company secretary | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Gene Gelgelu | President & CEO | since 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Gene Gelgelu | President & CEO | 40 | $147k | $23k | |
| Rebecca Cooper | Chair | 1 | $0 | ||
| Grover Jones | Secretary | 1 | $0 | ||
| Gebi Tufaa | Treasurer | 1 | $0 | ||
| Anthony J Isubikalu | Director | 1 | $0 | ||
| Nonkulueko Shongwe | Director | 1 | $0 | ||
| Ebisso Uka | Director | 1 | $0 |
About
- Legal name
- African Economic Development Solutions
- EIN
- 800345712
- Address
- 678 Snelling Ave N, Saint Paul, MN, 55104-1840
- State
- Minnesota
- Mission
- African economic development solutions (aeds) builds wealth within african immigrant communities in the twin cities through economic development activities. We work throughout the twin cities metropolitan area to create wealth, lift immigrant communities out of poverty, and contribute to and benefit from the region's vibrant economy. (as filed on the Form 990)
- Activity (NTEE)
- B60 Education
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Education
- Size band
- 8 (IRS master file code)
- Formed
- 2008
- Principal officer
- Gene Gelgelu (as named on the Form 990)
- IRS ruling date
- 1 November 2009
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2023
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsKate Speed
≥7years on the filingsAnthony J Isubikalu
≥7years on the filingsRebecca Cooper
≥4years on the filingsEbisso UKA
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $13.7m
- Total liabilities
- $4.4m
- Net assets or fund balances
- $9.3m
- Contributions and grants received
- $4.9m
- Program service revenue
- $228k
- Grants and similar paid out
- $66k
- Employees
- 13