Association for Black Economic Power

37%

Zero-Star Charity

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

Association for Black Economic Power

Is this your nonprofit?

501(c)(3) organization

Donations are tax-deductible

WWW.ABEPMPLS.ORG

227 COLFAX AVE N STE 30

Minneapolis MN 55405-1427

612-588-7821

Minneapolis MN | IRS ruling year: 2018 | EIN: 81-5486146

An EIN is a unique nine-digit number that identifies a business for tax purposes.

Organization Mission

SEE SCHEDULE O.CREATE PREVENTION AND INTERVENTION MODELS TO ADDRESS WEALTH EXTRACTION THROUGH SYSTEMS CHANGE AND THE DEVELOPMENT OF PRODUCTS AND SERVICES THAT PROVID ...

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Rating Information

Very poor

This charity's score is 37%, earning it a Zero-Star rating.

This overall score is calculated entirely from a single beacon score, weighted as follows: 100% Accountability & Finance. Learn more about our criteria and methodology.

Historical Ratings

Proceed with Caution - Reported OtherMaterialLawsuit

On April 19, 2022, The Minneapolis/St. Paul Business Journal reported on the operations of Association for Black Economic Power in an article titled, "Ousted executives at yet-to-open Black-led credit union sue, allege wrongful termination and discrimination." For more information, please see The Minneapolis/St. Paul Business Journal article.

For more information about our alerts methodology, see here.

Accountability & Finance

Score

37

Most Recent Fiscal Year:
FY 2022

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

Learn more

Key Accountability Metrics

Full Credit

Partial Credit

No Credit

Majority Independent Board Members - 100% independent members

8 out of 8 points

Independent Board Size - 4 independent members

7 out of 7 points

Financial Statements - None

0 out of 15 points

Total Revenue Amount	Expectation to Receive Credit
$2 million or higher and 40% or higher donor support	Expected to complete an audit and have an audit oversight committee
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Material Diversion of Assets - None

10 out of 10 points

Tax Form Disclosures and Policies

Full Credit

Partial Credit

No Credit

Website Listed on Tax Form - Listed

2 out of 2 points

Conflict of Interest Policy - Listed

4 out of 4 points

Whistleblower Policy - Listed

4 out of 4 points

Document Retention and Destruction - Missing

0 out of 4 points

Documents Board Meeting Minutes - Yes

2 out of 2 points

Website Disclosures

Full Credit

Partial Credit

No Credit

Tax Form Posted on Nonprofit's Website - Missing

0 out of 4 points

Financial Metrics

Full Credit

Partial Credit

No Credit

Liabilities to Assets: Ratio - 4.67%

0 out of 15 points

Program Expense: Ratio - 37.83%

0 out of 25 points

Additional Information

Total Revenue and Expenses - Data Available

Salary of Key Persons - Data Available

IRS Published Data (Business Master File) - Data Available

Data Sources (IRS Forms 990) - Data Available