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Minnesota · Nonprofit

AFRICAN DEVELOPMENT CENTER

AFRICAN DEVELOPMENT CENTER (Minnesota) receives grants from 24 organizations whose IRS filings report $5,384,294 to it, the largest being OTTO BREMER TRUST ($1,158,265). 13 of them have funded it in more than one year.

Revenue FY2024
$4.6M
Funders on record
24
Grants received
$5.4M
Net assets
$15M
13/24 repeat funderspeak grant-dependency 31%
01What it does

What African Development Center does

Mission

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

As stated on its FY2024 Form 990.

Program

  1. 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 74 loans in 2024 with a total approved loan amount of $7,439,029 and they leveraged over $10 million. From our 2024 loans, 178.5 jobs have been retained and 133 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 47% went to women-owned businesses.

    $1,619,958 spent$1,434,968 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $1,619,958.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($999k) Expenses 100 ($886k) Net assets 100 ($1.5M)2018 Revenue 116 ($1.2M) Expenses 107 ($952k) Net assets 114 ($1.7M)2019 Revenue 124 ($1.2M) Expenses 117 ($1.0M) Net assets 128 ($1.9M)2020 Revenue 323 ($3.2M) Expenses 130 ($1.2M) Net assets 270 ($3.9M)2021 Revenue 535 ($5.3M) Expenses 178 ($1.6M) Net assets 471 ($6.9M)2022 Revenue 401 ($4.0M) Expenses 245 ($2.2M) Net assets 597 ($8.7M)2023 Revenue 521 ($5.2M) Expenses 191 ($1.7M) Net assets 838 ($12M)2024 Revenue 461 ($4.6M) Expenses 208 ($1.8M) Net assets 1027 ($15M)
'17'18'19'20'21'22'23'24
Revenue (461)Expenses (208)Net assets (1027)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $11M to $18M (+61%).

$4.4M
$6.1M
$6.2M
$11M
$18M
$18M
$22M
$25M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 16% · 2018 84% · 2019 29% · 2020 48% · 2021 9% · 2022 51% · 2023 62% · 2024 53%. Grants only. Government contracts and fees sit inside program revenue.

66% of AFRICAN DEVELOPMENT CENTER’s revenue is contributions — about as donation-reliant as the typical peer (81% for the typical peer).

This organization
Typical peer · 11,793 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$113k
’17
$206k
’18
$203k
’19
$2.1M
’20
$3.8M
’21
$1.8M
’22
$3.5M
’23
$2.8M
’24
71
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Nasibu Sareva

CEO

Board chair

Jo Ann Vano

Board president

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1214141513141313
Joined·+3+2+2+2+2+1+0
No longer listed·1214120
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 12 funders, grant income rose $75k → $1.0M.

6 of 24 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of AFRICAN DEVELOPMENT CENTER’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

AFRICAN DEVELOPMENT CENTER has a broad base — no single funder exceeds 22% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

48% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund AFRICAN DEVELOPMENT CENTER.

22%
largest funder
47%
top three
~9
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 57% · 2020 35% · 2021 53% · 2022 25% · 2023 19% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

42% of AFRICAN DEVELOPMENT CENTER's funders are still giving 3 years after their first grant; 54% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

74% of AFRICAN DEVELOPMENT CENTER's grant income comes from Minnesota funders.

MN
WI
NY
DC

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $839k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

AFRICAN DEVELOPMENT CENTER runs a healthier operating margin than three-quarters of the 11,263 human services nonprofits its size.

Operating margin60% · top quartile
Months of reserve71.1mo · top quartile
Revenue growth (annualized)24% · top quartile

this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024

Government funding AFRICAN DEVELOPMENT CENTER receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $6.2M on record.

Federal$6.2M
grants $6.2Mcontracts $0
17
18
19
20
21
22
23
24
25
Top agencies
  • Department of the Treasury$5.2M
  • Small Business Administration$965k
  • Department of Housing and Urban Development$20k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like AFRICAN DEVELOPMENT CENTER

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 9%Fundraising 3%

Governance

11
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

81%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Part of a family of 1 related entity

  • Adc Commercial Real Estate Inc · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for AFRICAN DEVELOPMENT CENTER: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds AFRICAN DEVELOPMENT CENTER?
AFRICAN DEVELOPMENT CENTER (Minnesota) receives grants from 24 organizations whose IRS filings report $5,384,294 to it, the largest being OTTO BREMER TRUST ($1,158,265). 13 of them have funded it in more than one year.
How many funders does AFRICAN DEVELOPMENT CENTER have?
IRS filings report 24 organizations giving $5,384,294 in grants to AFRICAN DEVELOPMENT CENTER, 13 of which have funded it in more than one year.
Who is the largest funder of AFRICAN DEVELOPMENT CENTER?
OTTO BREMER TRUST is the largest funder on record, with $1,158,265 in grants. The full list of funders is on this page.
How can an organization like AFRICAN DEVELOPMENT CENTER find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 24 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing