Minnesota Economic Development Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
BUILDING A STRONGER MINNESOTA THROUGH EDUCATION, SCHOLARSHIPS/GRANTS, RESEARCH AND OUTREACH BASED INCENTIVES.
- Income
- $73,468
- Spending
- $59,950
- Reserves
- 35.1 months of spending
- Largest source of income
- fees for its services, 60%
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 86% of charities in its peer group (community improvement, under $250k).
Reserves
35 of 35Spendable reserves would cover 35.1 months of spending.
Debt
20 of 20It owes 4% of what it owns.
Living within its means
15 of 15Income exceeded spending by 18% of income.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $20,045 spent. BUILDING STRONGER MINNESOTA COMMUNITIES THROUGH ECONOMIC DEVELOPMENT OUTREACH, EDUCATION, TRAINING AND RESEARCH INITIATIVES.
- $21,476 spent. MINNESOTA ECONOMIC DEVELOPMENT FOUNDATION HOSTED AMINNESOTA BASIC ECONOMIC DEVELOPMENT COURSE. THE CONTENT INCLUDED SESSIONS ON AN ECONOMIC DEVELOPMENTOVERVIEW, BUSINESS RETENTION AND EXPANSION, BUSINESS ATTRACTION AND MARKETING, ENTREPRENEURIAL AND SMALL BUSINESS DEVELOPMENT, RESEARCH AND ECONOMIC ANALYSIS, WORKFORCE DEVELOPMENT AND ATTRACTION, FINANCIAL ANDINCENTIVES, BUSINESS AND INDUSTRIAL PARK DEVELOPMENT, REAL ESTATE DEVELOPMENT, INDUSTRIAL REDEVELOPMENT, TRANSPORTATION AND UTILITIES,STRATEGIC PLANNING, MANAGING DEVELOPMENT ORGANIZATIONS, COMMUNITY ANDNEIGHBORHOOD DEVELOPMENT, AND ETHICS.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.