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Organizations Community Improvement & Capacity Building Association for Black Economic Power

Association for Black Economic Power

Fiscal year ending 2020. Filed on November 10, 2021.

227 Colfax Avenue North No 30
Minneapolis, Minnesota 55405

Association for Black Economic Power (EIN: 81-5486146) has filed an IRS Form 990 since fiscal year 2018. In its fiscal year 2020 IRS Form 990 filing, Association for Black Economic Power, a 501(c)(3) charitable organization, reported compensation for 2 out of 4 total employees. Among the employees shown here, the average compensation is $34,000. The highest compensated employee at Association for Black Economic Power is Elaine Rasmussen with fiscal year 2020 compensation of $34,000.

Revenue, expenses, and employee compensation

Revenue

$792,727

Expenses

$250,268

Employee compensation

$88,517
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Elaine Rasmussen
Interim Executive Director
$34,000
$34,000 No related compNo other comp
Debra Hurston
Executive Director
$0

Benchmark Employee Compensation

Non-Employee Board Members

Domonique Scott
Director
Gracie George
Secretary
Shane Hughley
Director
Valerie Geaither
Chair

Mission Statement

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.

Revisions to this organization profile

October 30, 2025:
2024 Association for Black Economic Power 990 filed
November 13, 2024:
2023 Association for Black Economic Power 990 filed
June 7, 2024:
Amended (originally filed October 30, 2023)2022 Association for Black Economic Power 990 filed

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