32
Area Partnership For Economic Expansion
Community Development · Duluth, Minnesota
306 W Superior St Ste 902, Duluth, MN 55802-5020
EIN: 320079166· Founded: Oct 2004· 22 years active· Filing Year: 2023
Annual Revenue
$833K
Total Expenses
$733K
Total Assets
$694K
Program Spending
13%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$158K
21.6% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$210K
Total Payroll
$368K
50% of total expenses
Where the Money Goes
13%
Programs: 13%
Payroll: 50%
Other overhead: 87%
Program Revenue$96K (11%)
Total Expenses$733K (88%)
Payroll$368K (50%)
Overhead (non-program)87%
Trust Score Breakdown
Program Spending Ratio
13% of expenses go to programs
Revenue & Stability
$833K annual revenue
Executive Compensation
$158K total officer comp (21.6% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$694K in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.