GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.8M
+14.1% YoY
Revenue
$4.6M
-11.6% YoY
Net Investment Income
$112K
+560.3% YoY
Expenses
$1.8M
+8.9% YoY
About African Development Center
Based on IRS filings
African Development Center is a nonprofit organization focused on Human Services, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.8M in total assets. Net investment income was $112K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,797,186 | $21,723,388 | $17,752,149 |
| Revenue | $4,603,972 | $5,205,910 | $4,002,961 |
| Expenses | $1,839,252 | $1,688,397 | $2,168,783 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $111,727 | $16,920 | $6,345 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JO ANN VANO | BOARD PRESIDENT | 1 | — |
| LEAH MTEGHA | BOARD SECRETARY | 1 | — |
| UBAH ALI JAMA | DIRECTOR | 1 | — |
| DAIKA ISMAIL | DIRECTOR | 1 | — |
| MIKE STINSON | DIRECTOR | 1 | — |
| KAADE WALLACE | DIRECTOR | 1 | — |
| EDWIN MIGIRO | DIRECTOR | 1 | — |
| BRUCE W NORDIN | DIRECTOR | 1 | — |
| DAMON JENKINS | DIRECTOR | 1 | — |
| SCOTT BROPHY | DIRECTOR | 1 | — |
| SEAN WOLD | DIRECTOR | 1 | — |
| NASIBU SAREVA | CEO | 50 | $201,711 |
| FELICIA RAVELOMANATSOA | CFO | 50 | $123,725 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Assets
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Assets
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Clearway Minnesota (sm)
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Assets
—
Grants
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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