Nonprofits›African Development Center

Human Services

African Development Center

MINNEAPOLIS, MN

WebsiteView as a funder

Total revenue

$4.6M

Total expenses

$1.8M

Net assets

$15.0M

Grants received

$4.2M

53 grants

EIN

200553370

Tax year

2024

Mission

Grow businesses, build wealth and increase reinvestement in the african communities of minnesota

Financials

FY 2024

Revenue

Contributions & grants$3.1M
Program service revenue$1.4M
Investment income$112K
Other revenue—
Total revenue$4.6M

Expenses

Grants paid—
Salaries & benefits$907K
Fundraising$50K
Other expenses$933K
Total expenses$1.8M
Total assets$24.8M
Net assets$15.0M

People

13 listed

NameRoleCompensation

NASIBU SAREVA

CEO

Board

$202K

50 hrs/wk

FELICIA RAVELOMANATSOA

CFO

Board

$124K

50 hrs/wk

UBAH ALI JAMA

DIRECTOR

Board

—

1 hrs/wk

DAIKA ISMAIL

DIRECTOR

Board

—

1 hrs/wk

MIKE STINSON

DIRECTOR

Board

—

1 hrs/wk

KAADE WALLACE

DIRECTOR

Board

—

1 hrs/wk

JO ANN VANO

BOARD PRESIDENT

Board

—

1 hrs/wk

BRUCE W NORDIN

DIRECTOR

Board

—

1 hrs/wk

DAMON JENKINS

DIRECTOR

Board

—

1 hrs/wk

SCOTT BROPHY

DIRECTOR

Board

—

1 hrs/wk

SEAN WOLD

DIRECTOR

Board

—

1 hrs/wk

EDWIN MIGIRO

DIRECTOR

Board

—

1 hrs/wk

LEAH MTEGHA

BOARD SECRETARY

Board

—

1 hrs/wk

Grants received

Showing 53 of 53

FromAmountPurposeYear
THE ASPEN INSTITUTE INC
$236K
JOB QUALITY IMPROVEMENT AMONG US SMALL BUSINESSES
2024
TARGET FOUNDATION
$175K
ECONOMIC OPPORTUNITY - HOMETOWN
2024
The McKnight Foundation
$150K
for general operating support
2024
THE MINNEAPOLIS FOUNDATION
$137K
HUMAN SERVICES
2024
OTTO BREMER TRUST
$100K
GENERAL OPERATIONS
2024
GREATER TWIN CITIES UNITED WAY
$81K
PROGRAM COSTS
2024
MORTENSON FAMILY FOUNDATION
$15K
UNRESTRICTED
2024
WALTER C RASMUSSEN - NORTHEAST BANK
$1K
COMMUNITY DEVELOPMENT
2024
OPPORTUNITY FINANCE NETWORK
$200K
FINANCE JUSTICE FUND SUBGRANT
2023
The McKnight Foundation
$150K
For general operating support
2023
THE ASPEN INSTITUTE INC
$100K
SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
2023
OTTO BREMER TRUST
$100K
GENERAL OPERATING SUPPORT
2023
OTTO BREMER TRUST
$100K
ADC CAPITAL IMPROVEMENTS
2023
GREATER TWIN CITIES UNITED WAY
$75K
PROGRAM COSTS
2023
THE MINNEAPOLIS FOUNDATION
$55K
HUMAN SERVICES
2023
MORTENSON FAMILY FOUNDATION
$33K
UNRESTRICTED
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$11K
For grant recipient's exempt purposes
2023
MARBROOK FOUNDATION
$10K
GENERAL OPERATIONS OF THE ORGANIZATION
2023
The McKnight Foundation
$2K
In recognition of Nasibu Sareva's participation in the McKnight Foundation's May 2023 field day
2023
WALTER C RASMUSSEN - NORTHEAST BANK
$1K
COMMUNITY DEVELOPMENT
2023
PROSPERITY NOW
$173K
TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION
2022
THE ASPEN INSTITUTE INC
$100K
SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
2022
The McKnight Foundation
$100K
For general operating support
2022
THE MINNEAPOLIS FOUNDATION
$50K
HUMAN SERVICES
2022
GREATER TWIN CITIES UNITED WAY
$43K
PROGRAM COSTS
2022
MORTENSON FAMILY FOUNDATION
$33K
UNRESTRICTED
2022
GREATER GREEN BAY COMMUNITY
$10K
EDUCATION PROGRAM SUPPORT
2022
The McKnight Foundation
$100K
for general operating support
2021
THE MINNEAPOLIS FOUNDATION
$100K
HUMAN SERVICES
2021
The McKnight Foundation
$100K
for general operating support
2021
OPPORTUNITY FINANCE NETWORK
$250K
SMALL BUSINESS GRANT
2020
GREATER TWIN CITIES UNITED WAY
$165K
PROGRAM COSTS
2020
THE MINNEAPOLIS FOUNDATION
$140K
COVID-19 SUPPORT - 422184
2020
OTTO BREMER TRUST
$133K
GENERAL OPERATIONS AND TECHNOLOGY UPGRADES
2020
TARGET FOUNDATION
$100K
RACIAL EQUITY
2020
ALLIANCE FOR METROPOLITAN STABILITY
$77K
PROGRAM SUPPORT
2020
C K BLANDIN FOUNDATION
$75K
OPERATING SUPPORT IN 2020-21 FOR OUTREACH AND SERVICES FOR AFRICAN AMERICAN POPULATIONS IN RURAL MINNESOTA AND SUPPORT FOR OPERATING A ST. CLOUD OFFICE
2020
Thrivent Financial for Lutherans
$50K
General Support
2020
THE JAMES M STANTON FOUNDATION
$50K
GENERAL PURPOSE
2020
The McKnight Foundation
$50K
For general operating support, and to help cover costs associated with CARES Act funding
2020
The McKnight Foundation
$50K
For general operating support, and to help cover costs associated with CARES Act funding
2020
OPPORTUNITY FINANCE NETWORK
$50K
COVID-19 GRANT
2020
OPPORTUNITY FINANCE NETWORK
$50K
COVID-19 GRANT
2020
OTTO BREMER TRUST
$25K
EMERGENCY RELIEF
2020
JPMORGAN CHASE FOUNDATION
$25K
IN SUPPORT OF CAPACITY BUILDING
2020
AMERICAN ONLINE GIVING FOUNDATION INC
$20K
GENERAL SUPPORT
2020
The McKnight Foundation
$2K
For general operating support, and to help cover costs associated with CARES Act funding
2020
The McKnight Foundation
$2K
For general operating support, and to help cover costs associated with CARES Act funding
2020
OTTO BREMER TRUST
$100K
FOR GENERAL OPERATIONS TO HELP AFRICAN IMMIGRANTS START BUSINESSES, BUILD WEALTH, AND REINVEST IN THE COMMUNITY, WITH PARTICULAR EMPHASIS ON PROVIDING NEW RESOURCES TO AFRICAN COMMUNITIES IN ST. CLOUD.
2019
THE MINNEAPOLIS FOUNDATION
$32K
ORGANIZATIONAL EFFECTIVENESS GRANT PROPOSAL OCTOBER 2019 - 406727
2019
COMMUNITYGIVING
$5K
GENERAL SUPPORT
2019
THE MINNEAPOLIS FOUNDATION
$25K
GENERAL OPERATING SUPPORT
2018
THE MINNEAPOLIS FOUNDATION
$165K
BUSINESS DEVELOPMENT & TECHNICAL ASSISTANCE - 347993
2017

Funded by

$4.2M from 20 funders · 53 grants · 2017–2024

The McKnight Foundation

$706K · 10 grants · 2020–2024

The Minneapolis Foundation

$704K · 8 grants · 2017–2024

Otto Bremer Trust

$558K · 6 grants · 2019–2024

Opportunity Finance Network

$550K · 4 grants · 2020–2023

The Aspen Institute Inc

$436K · 3 grants · 2022–2024

Greater Twin Cities United Way

$363K · 4 grants · 2020–2024

Target Foundation

$275K · 2 grants · 2020–2024

Prosperity Now

$173K · 1 grant · 2022

Details

EIN200553370
NTEE codeP40
Subsection03
Ruling date2004-04
Formed2002
Employees11
Volunteers40
AFRICAN DEVELOPMENT CENTER — Mission, Financials & Grants Received | Grantivo