African Development Center
Grow businesses, build wealth and increase reinvestement in the african communities of Minnesota
African Development Center at a glance
- Total assets
- $24,797,186
- +14.1% vs 2023
- Revenue (2024)
- $4,603,972
- -11.6% vs 2023
- Net investment income (2024)
- $111,727
- +560.3% vs 2023
- Expenses (2024)
- $1,839,252
- +8.9% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who African Development Center funds
How this funder distributes its grants
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How African Development Center gives
- Giving grew 598% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $147 (2019) to $209K (2022). In 2023 it made 7 grants totaling $70K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Geire Properties Inc Minneapolis, MN | To Help Small Business | $18,805 |
| Arwa Fashion USA CO Minneapolis, MN | To Help Small Business | $15,000 |
| Addis Travel Services LLC St. Paul, MN | To Help Small Business | $7,500 |
| Photo Shop LLC Brooklyn Park, MN | To Help Small Business | $7,500 |
| Nabil Property LLC Eden Prairie, MN | To Help Small Business | $7,500 |
| Procare Health Corp Eden Prairie, MN | To Help Small Business | $7,500 |
| Godson Trucking LLC Woodbury, MN | To Help Small Business | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $24,797,186 | $4,603,972 | $1,839,252 | — | — | $111,727 |
| 2023 | $21,723,388 | $5,205,910 | $1,688,397 | $69,805 | 7 | $16,920 |
| 2022 | $17,752,149 | $4,002,961 | $2,168,783 | $208,864 | 18 | $6,345 |
| 2021 | $18,157,519 | $5,342,165 | $1,575,452 | $78,540 | Total only | $7,534 |
| 2020 | $11,261,326 | $3,230,798 | $1,152,266 | $10,000 | 2 | $7,967 |
| 2019 | $6,193,772 | $1,243,063 | $1,040,393 | $147 | Total only | $4,258 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About African Development Center
Based on IRS filings
African Development Center is a public charity focused on Human Services, based in Minneapolis, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $24.8M in total assets. Net investment income was $112K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
African Development Center is led by Nasibu Sareva, CEO since 2021 (on filings since 2019); 2 of 13 officers listed in 2024 are compensated.
Officers on the 2024 filing
Nasibu Sareva
CEO
Executive Director → CEO, 2021
On filings since 2019
50 hrs/week
$112K (2019) → $202K (2024)
Jo Ann Vano
Board President
President → Board President, 2021
On filings since 2019
1 hr/week
No compensation reported
Daika Ismail
Director
On filings since 2019
1 hr/week
No compensation reported
Edwin Migiro
Director
On filings since 2019
1 hr/week
No compensation reported
Kaade Wallace
Director
On filings since 2019
1 hr/week
No compensation reported
Mike Stinson
Director
On filings since 2019
1 hr/week
No compensation reported
Ubah Ali Jama
Director
On filings since 2019
1 hr/week
No compensation reported
Bruce W. Nordin
Director
On filings since 2020
1 hr/week
No compensation reported
Damon Jenkins
Director
On filings since 2020
1 hr/week
No compensation reported
Scott Brophy
Director
On filings since 2022
1 hr/week
No compensation reported
Sean Wold
Director
On filings since 2022
1 hr/week
No compensation reported
Felicia Ravelomanatsoa
CFO
Vice President → Board Vice President, 2021
Board Vice President → CFO, 2022
On filings since 2019
50 hrs/week
$98K (2022) → $124K (2024)
Leah Mtegha
Board Secretary
Secretary → Board Secretary, 2021
On filings since 2019
1 hr/week
No compensation reported
Former officers (5)
- Former: Paul Fehrenbach (2019–2022) — Director
- Former: Abdikafar Aden (2019–2021) — Board Treasurer
- Former: Anthony Watts (2019–2020) — Director
- Former: Vernon Doswell (2019–2020) — Director
- Former: Ravahere Nedich (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $202K, to Nasibu Sareva (CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about African Development Center
How large is African Development Center?
African Development Center reported $24.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.6M.
What is African Development Center?
African Development Center is a public charity focused on Human Services, based in Minneapolis, MN. It holds $24.8M in total assets as of 2024.
Where does African Development Center operate?
African Development Center has awarded grants in Minnesota.
What is African Development Center's EIN?
African Development Center's EIN (Employer Identification Number) is 20-0553370. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work African Development Center funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in African Development Center's focus areas in our free grants database
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Figures come from African Development Center's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
African Development Center down — hundreds of funders to go?