Nonprofit · EIN 81-5486146
ASSOCIATION FOR BLACK ECONOMIC POWER
Tax-exempt · MINNEAPOLIS, MN 55405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $129,774 | $533,913 | -$404,139 | $151,996 | $12,954 | $139,042 |
| December 31, 2024 | 990 | $682,388 | $649,355 | $33,033 | $588,007 | $44,826 | $543,181 |
| December 31, 2023 | 990 | $182,196 | $488,037 | -$305,841 | $521,918 | $11,770 | $510,148 |
| December 31, 2022 | 990 (amended) | $500,502 | $416,122 | $84,380 | $856,015 | $40,026 | $815,989 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $119,302
- Program service revenue
- $0
- Investment income
- $84
- Other revenue
- $10,388
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $165,784
- Salaries, compensation and benefits (total)
- $191,904
- Professional fundraising fees
- $2,338
- Legal fees
- $225
- Accounting fees
- $29,113
- Occupancy
- $11,232
- Travel
- $973
- Depreciation
- $1,777
- Program services (functional)
- $428,669
- Management and general (functional)
- $74,904
- Fundraising (functional)
- $30,340
Balance sheet and other
- Total assets, start of year
- $588,007
- Total assets, end of year
- $151,996
- Total liabilities, end of year
- $12,954
- Net assets, end of year
- $139,042
- Land, buildings and equipment
- $31,674
- Net assets without donor restrictions
- $139,042
- Gross receipts
- $129,774
- Employees
- 2
- Volunteers
- 16
- Year formed
- 2017
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA HURSTON | EXECUTIVE DIRECTOR Officer | 40 | $110,000 |
| DR JUNEAU ROBBINS | CHAIR Trustee or director, Officer | 2 | $0 |
| GROVER JONES | TREASURER Trustee or director, Officer | 2 | $0 |
| BEN HERING | SECRETARY Trustee or director, Officer | 2 | $0 |
| KILEY DEMERY | DIRECTOR Trustee or director | 2 | $0 |
| GRACIE GEORGE | DIRECTOR Trustee or director | 2 | $0 |
| SEAN JAMES | DIRECTOR Trustee or director | 2 | $0 |
| SANDY JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA HURSTON | EXECUTIVE DIRECTOR Officer | 40 | $110,000 |
| DR JUNEAU ROBBINS | CHAIR Trustee or director, Officer | 2 | $0 |
| GROVER JONES | TREASURER Trustee or director, Officer | 2 | $0 |
| BEN HERING | SECRETARY Trustee or director, Officer | 2 | $0 |
| KILEY DEMERY | DIRECTOR Trustee or director | 2 | $0 |
| GRACIE GEORGE | DIRECTOR Trustee or director | 2 | $0 |
| SEAN JAMES | DIRECTOR Trustee or director | 2 | $0 |
| SANDY JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA HURSTON | EXECUTIVE DIRECTOR Officer | 40 | $100,000 |
| DR JUNEAU ROBBINS | CHAIR Trustee or director, Officer | 2 | $0 |
| GROVER JONES | TREASURER Trustee or director, Officer | 2 | $0 |
| BEN HERING | SECRETARY Trustee or director, Officer | 2 | $0 |
| VALERIE GEAITHER | DIRECTOR Trustee or director | 2 | $0 |
| GRACIE GEORGE | DIRECTOR Trustee or director | 2 | $0 |
| JAMES HOLMES | DIRECTOR Trustee or director | 2 | $0 |
| SEAN JAMES | DIRECTOR Trustee or director | 2 | $0 |
| IBRAHIM OWOLABI | DIRECTOR Trustee or director | 2 | $0 |
| AQUILLA ROBINSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA HURSTON | EXECUTIVE DIRECTOR Officer | 40 | $99,999 |
| VALERIE GEAITHER | CHAIR Trustee or director, Officer | 2 | $0 |
| GROVER JONES | TREASURER Trustee or director, Officer | 2 | $0 |
| SIMONE HARDEMAN-JONES | SECRETARY Trustee or director, Officer | 2 | $0 |
| GRACIE GEORGE | DIRECTOR Trustee or director | 2 | $0 |
| IBRAHIM OWOLABI | DIRECTOR Trustee or director | 2 | $0 |
| CHAZ SANDIFER | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 227 COLFAX AVE N STE 30, MINNEAPOLIS, MN 55405-1427
- In care of
- % DEBRA HURSTON
- Principal officer (990 for 2025)
- DEBRA HURSTON, 227 COLFAX AVENUE NORTH 30, MINNEAPOLIS, MN 55405
- Signed the 990
- DEBRA HURSTON, EXECUTIVE DIRECTOR
- Phone
- (612) 588-7821
- Website
- WWW.ABEPMPLS.ORG
- Return prepared by
- CARPENTER EVERT & ASSOCIATES LTD
Mission
SEE SCHEDULE O.SEE FORM 990, PART I, LINE 1.
Program accomplishments
- SEE SCHEDULE O.PROGRAM SERVICE ACCOMPLISHMENTS: IN 2025, ABEP ADVANCED ITS MISSION TO PROMOTE ECONOMIC INDEPENDENCE, MULTIGENERATIONAL WEALTH, AND COMMUNITY DEVELOPMENT THROUGH ITS FINANCIAL EMPOWERMENT CENTER (FEC). ABEP DELIVERED OVER 300 HOURS OF FINANCIAL EDUCATION AND COMMUNITY ENGAGEMENT THROUGH WORKSHOPS, PARTNER SESSIONS, AND DIGITAL PLATFORMS. ITS SIGNATURE SERIES, BEYOND TABLE TALK, GENERATED MORE THAN 3,300 VIEWS AND IS MAINTAINED ON DIGITAL PLATFORMS FOR CONTINUED PUBLIC ACCESS, EXPANDING REACH TO FINANCIAL EDUCATION ON BUDGETING, CREDIT, AND WEALTH BUILDING. THE ORGANIZATION PROVIDED INDIVIDUALIZED FINANCIAL COACHING TO SUPPORT IMPROVEMENTS IN SAVINGS, DEBT REDUCTION, AND CREDIT. ABEP CONTINUED TO STRENGTHEN ITS COACHING INFRASTRUCTURE AND COMMUNITY PARTNERSHIPS TO EXPAND ACCESS AND IMPACT.Expenses $428,669
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5486146
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $151,996
- Income (IRS master file)
- $129,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $129,774 | $533,913 | $151,996 | IRS |
| 990 | December 2024 | $682,388 | $649,355 | $588,007 | XML |
| 990 | December 2023 | $182,196 | $488,037 | $521,918 | XML |
| 990 | December 2022 | $500,502 | $416,122 | $856,015 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-5486146).
Questions about ASSOCIATION FOR BLACK ECONOMIC POWER
- What is the EIN of ASSOCIATION FOR BLACK ECONOMIC POWER?
- The employer identification number (EIN) of ASSOCIATION FOR BLACK ECONOMIC POWER is 81-5486146.
- Is ASSOCIATION FOR BLACK ECONOMIC POWER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to ASSOCIATION FOR BLACK ECONOMIC POWER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSOCIATION FOR BLACK ECONOMIC POWER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSOCIATION FOR BLACK ECONOMIC POWER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION FOR BLACK ECONOMIC POWER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ASSOCIATION FOR BLACK ECONOMIC POWER?
- The 990 for the year ended December 31, 2025 names DEBRA HURSTON.
- Who are the officers and directors of ASSOCIATION FOR BLACK ECONOMIC POWER?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $110,000 (DEBRA HURSTON, EXECUTIVE DIRECTOR).
- How much revenue does ASSOCIATION FOR BLACK ECONOMIC POWER have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $129,774, expenses of $533,913 and total assets of $151,996 at year end.
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