2025-10-30T13:44:45-05:00 2024-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2024-01-01 815486146 ASSOCIATION FOR BLACK ECONOMIC POWER ASSO 6125887821 227 COLFAX AVENUE NORTH 30 MINNEAPOLIS MN 55405 DEBRA HURSTON EXECUTIVE DIRECTOR 6125887821 2025-10-30 1 0 MARC COLIN P00560855 9528310085 2025-10-30 2024 2025-03-06 01:10:19Z DEBRA HURSTON 227 COLFAX AVENUE NORTH 30 MINNEAPOLIS MN 55405 682388 0 X WWW.ABEPMPLS.ORG X 2017 MN SEE SCHEDULE O.CREATE PREVENTION AND INTERVENTION MODELS TO ADDRESS WEALTH EXTRACTION THROUGH SYSTEMS CHANGE AND THE DEVELOPMENT OF PRODUCTS AND SERVICES THAT PROVIDE GENERATIONAL WEALTH BUILDING OPPORTUNITIES AND ACCESS TO CAPITAL WHILE PROVIDING AN ALTERNATIVE TO TRADITIONAL PREDATORY, CULTURALLY INCOMPETENT AND INEQUITABLE PRACTICES. 7 7 5 16 0 0 165296 658047 0 0 1036 1632 15864 22709 182196 682388 0 0 0 0 215717 184307 5510 0 8896 266810 465048 488037 649355 -305841 33033 521918 588007 11770 44826 510148 543181 X SEE SCHEDULE O.SEE FORM 990, PART I, LINE 1. 0 0 505376 SEE SCHEDULE O.IN 2024, ABEP ADVANCED ITS MISSION TO BUILD ECONOMIC POWER IN THE COMMUNITY BY ACHIEVING A HISTORIC MILESTONE: SECURING A CHARTER FROM THE MINNESOTA DEPARTMENT OF COMMERCE FOR ARISE COMMUNITY CREDIT UNION, THE STATE'S FIRST AND ONLY BLACK-LED CREDIT UNION. ABEP CONTINUED PREPARATIONS TO OPEN THE CREDIT UNION WHILE OPERATING ITS FINANCIAL EMPOWERMENT CENTER, WHICH PROVIDED FINANCIAL COUNSELING, WORKSHOPS, AND TOOLS TO HELP INDIVIDUALS AND FAMILIES STRENGTHEN THEIR FINANCIAL FUTURES. ABEP ALSO HOSTED MONTHLY FINANCIAL LITERACY EVENTS, FROM BLACK HISTORY MONTH'S POWER OF THE BLACK DOLLAR TO ESTATE PLANNING SEMINARS, ADDRESSING CRITICAL FINANCIAL TOPICS AND INSPIRING POSITIVE CHANGE. IN ADDITION, ABEP INCREASED STRATEGIC PARTNERSHIPS WITH LOCAL BANKS, BUSINESSES, AND COMMUNITY ORGANIZATIONS TO AMPLIFY THE REACH AND IMPACT OF ITS PROGRAMS. 505376 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MN X THE ORGANIZATION 6125887821 227 COLFAX AVENUE NORTH 30 MINNEAPOLIS MN 55405 DEBRA HURSTON EXECUTIVE DIRECTOR 40.00 X 110000 0 0 DR JUNEAU ROBBINS CHAIR 2.00 X X 0 0 0 GROVER JONES TREASURER 2.00 X X 0 0 0 BEN HERING SECRETARY 2.00 X X 0 0 0 KILEY DEMERY DIRECTOR 2.00 X 0 0 0 GRACIE GEORGE DIRECTOR 2.00 X 0 0 0 SEAN JAMES DIRECTOR 2.00 X 0 0 0 SANDY JOHNSON DIRECTOR 2.00 X 0 0 0 110000 0 0 1 0 0 0 0 658047 658047 1632 1632 OTHER INCOME 900099 22709 22709 22709 682388 0 0 24341 X 161077 121192 38431 1454 4211 3740 405 66 19019 12968 5869 182 132551 69692 57469 5390 219 146 66 7 7512 839 6673 15561 1650 12244 1667 9472 5588 3784 100 1658 359 1299 7374 3779 3565 30 3804 423 3381 1592 1592 GRANTS AND AWARDS 285305 285000 305 649355 505376 135083 8896 430102 549418 50000 0 80 0 690 1347 58249 26067 14898 32182 26148 5060 521918 588007 11770 44826 11770 44826 X 291926 293181 218222 250000 510148 543181 521918 588007 33033 0 X X 0 1 X 1 0 X 791545 267432 500218 165296 658047 2382538 791545 267432 500218 165296 658047 2382538 0 0 0 2382538 46 120 284 1036 1632 3118 46 120 284 1036 1632 3118 1136 15864 22709 39709 792727 267552 500502 182196 682388 2425365 0.98230 0.98770 0.00130 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12787 12787 19819 424 19395 25643 25643 0 32182 X PART X, LINE 2: ABEP'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. ABEP CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, ABEP ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) AND, IF REQUIRED, AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T). FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE DRAFT FORM 990 AND APPROVES SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST AND DISCLOSURE STATEMENTS ARE RENEWED IN WRITING ANNUALLY BY THE BOARD AND STAFF. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT FEES: PROGRAM SERVICE EXPENSES 69,692. MANAGEMENT AND GENERAL EXPENSES 57,469. FUNDRAISING EXPENSES 5,390. TOTAL EXPENSES 132,551. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.