Ethio American Foundation

EIN: 332185093 501(c)(3) Education

Saint Paul, MN

Total Revenue
$5,000
Total Expenses
$365
Total Assets
$4,635
Net Assets
$4,635
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
MN
Principal Officer
Amare Berhie
Phone
6122823200
Tax Period
2025-01-01 to 2025-12-31

Ethio American Foundation, founded in 2024, is a micro nonprofit in the Education sector that reported $5K in total revenue in fiscal year 2025. The organization ran a surplus of $5K, a strong 93% operating margin.

Mission

To empower Ethiopian Americans in Saint Paul, Minneapolis, and beyond by preserving and celebrating Ethiopian culture and traditions, supporting education through scholarships and mentorship, strengthening economic opportunities via job training and financial literacy, and advocating for legal rights and healthcare well-being.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

During the 2025 initial tax year, the Ethio American Foundation focused on the Startup and Compliance Phase. Key accomplishments included securing IRS reclassification as a public charity under IRC...

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During the 2025 initial tax year, the Ethio American Foundation focused on the Startup and Compliance Phase. Key accomplishments included securing IRS reclassification as a public charity under IRC Sections 509(a)(1) and 170(b)(1)(A)(vi) , establishing a corporate banking relationship with Wells Fargo, and launching the digital platform to facilitate future community support. Although the foundation received $5,000 in corporate contributions, no direct program grants were issued in 2025 as the board finalized governance policies and strategic planning for 2026 program delivery.

Program 2
Expenses: $0 Revenue: $0

Development of the Community Heroes and mentorship framework. The foundation successfully recruited volunteers and identified core needs within the Saint Paul Ethiopian-American community...

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Development of the Community Heroes and mentorship framework. The foundation successfully recruited volunteers and identified core needs within the Saint Paul Ethiopian-American community, specifically focusing on career guidance and job training resources to be deployed in the subsequent fiscal year.

Program 3
Expenses: $0 Revenue: $0

Establishing partnerships for cultural exchange and community representation. Efforts were directed toward creating a framework for healthcare resource advocacy and mental health support initiatives...

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Establishing partnerships for cultural exchange and community representation. Efforts were directed toward creating a framework for healthcare resource advocacy and mental health support initiatives tailored to first-generation immigrants.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $5,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $365
TOTAL EXPENSES $365

Year-over-Year Comparison

2025 2024 Change
Revenue $5,000 N/A N/A
Expenses $365 N/A N/A
Net Income $4,635 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amare Berhie 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,000 $365 $4,635 $4,635
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