Mission
GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA
Public Charity
AFRICAN DEVELOPMENT CENTER
AFRICAN DEVELOPMENT CENTER is a Public Charity headquartered in MINNEAPOLIS, MN. Financial data from the 2024 filing: $4.6M revenue, $1.8M expenses, $24.8M total assets. 29 publicly reported grants to this organization, totaling roughly $2.5M, appear in IRS filings.
EIN: 200553370
MINNEAPOLIS, MN
Family Services
NTEE: P40
Latest filing: 2024
Total Revenue$4.6M
Total Expenses$1.8M
Total Assets$24.8M
Grant Records29
Funding Total$2.5M
Filing Years2019–2024
Where $100 goes at African Development Center
How African Development Center divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$87
Programs
the work itself
$10
Management
running the organization
$3
Fundraising
raising the next dollar
Inside the $87 for programs
$87
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
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
PROGRAM COSTS
$43,250
HOMEOWNERSHIP ADVISOR NETWORK SUPPORT
$18,000
JOB QUALITY IMPROVEMENT AMONG US SMALL BUSINESSES
$235,912
HUMAN SERVICES
$136,510
PROGRAM COSTS
$80,750
Showing up to 5 of 29 total records — full history available with membership.
Officers & Directors
DIRECTOR
Bruce W Nordin
DIRECTOR
Daika Ismail
DIRECTOR
Damon Jenkins
DIRECTOR
Edwin Migiro
CFO
Felicia Ravelomanatsoa
BOARD PRESIDENT
Jo Ann Vano
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $4.6M | $1.8M | $24.8M |
| 2023 | $5.2M | $1.7M | $21.7M |
| 2022 | $4.0M | $2.2M | $17.8M |
| 2020 | $3.2M | $1.2M | $11.3M |
| 2019 | $1.2M | $1.0M | $6.2M |
Between 2019 and 2024, reported annual revenue grew from $1.2M to $4.6M (+270%), with total assets most recently reported at $24.8M.
Interactive year-over-year charts and full filing details available with membership.