EIN 20-0553370

African Development Center

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
2002
Most recent tax filings
2022-12-01
Description
African Development Center contributes to the surge in African-owned businesses throughout Minnesota by growing businesses, building wealth and increasing reinvestment in the African communities of Minnesota through its culturally competent business development services and partnerships with crucial funding sources. In addition to ongoing technical assistance, ADC has an entr.
Total revenues
$4,002,961
2022
Total expenses
$2,168,783
2022
Total assets
$17,752,149
2022
Num. employees
10
2022

Program areas at African Development Center

Adc's culturally competent business Development services and its partnerships with crucial funding sources have directly contributed to the surge in african-owned businesses throughout Minnesota. In addition to ongoing technical assistance, adc has an entrepreneurial training class for clients looking to start a completely new business. Adc made 104 loans in 2022 with a total approved loan amount of $4,676,500 and they leveraged over $7 million. From our 2022 loans, 87.5 jobs have been retained and 141.5 new jobs have been created. The great majority of these loans and jobs created and retained are black-owned and operated small businesses. 96% of our loan dollars went to black-owned businesses and 48% went to women-owned businesses.

Who funds African Development Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Target FoundationEconomic Opportunity - Hometown$200,000
Prosperity NowTo Promote the Organization's Mission & Expand Its Reach To the Underserved Population$173,125
Otto Bremer Trust (OBT)Adc Capital Improvements$100,000
...and 7 more grants received

Personnel at African Development Center

NameTitleCompensation
Nasibu SarevaChief Executive Officer$170,000
Felicia RavelomanatsoaChief Financial Officer$97,583
In Memoriam HusseinExecutive Director
Jackie SpentCommunications and Fund Development Manager / Board Member
Christine LukuduProgram Manager Business Development Department and Portfolio
...and 6 more key personnel

Financials for African Development Center

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,335,602
Program services$661,014
Investment income and dividends$6,345
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,002,961

Form 990s for African Development Center

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-13990View PDF
2021-122022-11-15990View PDF
2020-122021-10-27990View PDF
2019-122020-09-29990View PDF
2018-122019-12-06990View PDF
...and 9 more Form 990s

Organizations like African Development Center

OrganizationLocationRevenue
HIAS PennsylvaniaPhiladelphia, PA$9,634,237
Access California ServicesAnaheim, CA$9,593,119
Tacoma Community House (TCH)Tacoma, WA$6,906,988
International Institute of MinnesotaSaint Paul, MN$7,793,871
Pueblo Unido PDXPortland, OR$2,944,075
Cielo Project at Radio RanchOlympia, WA$1,201,320
Quincy Asian Resources (QARI)Quincy, MA$2,206,188
Secure Families CollaborativeSanta Rosa, CA$1,074,753
Servicios de La RazaDenver, CO$11,486,024
Hmong American Partnership (HAP)Saint Paul, MN$14,633,664
Data update history
February 4, 2024
Received grants
Identified 6 new grant, including a grant for $200,000 from Target Foundation
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 30, 2023
Updated personnel
Identified 2 new personnel
November 27, 2023
Received grants
Identified 9 new grant, including a grant for $100,000 from The Aspen Institute
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsHuman service organizationsFamily service centersEthnic centersCharities
Issues
Human services
Characteristics
LobbyingState / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
1931 5th St South
Minneapolis, MN 55454
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
adcminnesota.org/ 
Phone
(612) 333-4772
IRS details
EIN
20-0553370
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P84: Ethnic, Immigrant Centers and Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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