Civic Intelligence

African Development Center

990 • Fiscal year 2013 • EIN 20-0553370

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 07, 2014

Organization ProfileWWW.ADCMINNESOTA.ORG
1931 5th Street South55454

(612) 333-4772

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.66x

Higher debt load relative to assets than 83% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

2.61x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

64th percentile

$79,528

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

69th percentile

9.3%

Faster asset growth than 69% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$4,432,037

Up $376,097 (+9.3%) from 2012

Net Assets

Up

$1,496,639

Up $160,038 (+12%) from 2012

Liabilities

Up

$2,935,398

Up $216,059 (+7.9%) from 2012

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin72nd percentile

Revenue

$1,123,534

No earlier filing loaded for comparison.

Expenses

Down

$963,496

Down $94,172 (-8.9%) from 2012

Net Income

$160,038

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $4,492,647Liabilities 2010: $2,948,303Net Assets 2010: $1,544,3442010Assets 2011: $4,931,777Liabilities 2011: $3,256,829Net Assets 2011: $1,674,9482011Assets 2012: $4,055,940Liabilities 2012: $2,719,339Net Assets 2012: $1,336,6012012Assets 2013: $4,432,037Liabilities 2013: $2,935,398Net Assets 2013: $1,496,6392013Assets 2014: $3,851,584Liabilities 2014: $2,607,803Net Assets 2014: $1,243,7812014Assets 2015: $3,845,480Liabilities 2015: $2,411,941Net Assets 2015: $1,433,5392015Assets 2016: $3,543,536Liabilities 2016: $2,195,458Net Assets 2016: $1,348,0782016Assets 2017: $4,363,024Liabilities 2017: $2,901,935Net Assets 2017: $1,461,0892017Assets 2018: $6,072,582Liabilities 2018: $4,405,974Net Assets 2018: $1,666,6082018Assets 2019: $6,193,772Liabilities 2019: $4,324,494Net Assets 2019: $1,869,2782019Assets 2020: $11,261,326Liabilities 2020: $7,313,516Net Assets 2020: $3,947,8102020Assets 2021: $18,157,519Liabilities 2021: $11,271,997Net Assets 2021: $6,885,5222021Assets 2022: $17,752,149Liabilities 2022: $9,032,449Net Assets 2022: $8,719,7002022Assets 2023: $21,723,388Liabilities 2023: $9,486,175Net Assets 2023: $12,237,2132023Assets 2024: $24,797,186Liabilities 2024: $9,795,253Net Assets 2024: $15,001,9332024

Highlighted filing

2013

Assets$4,432,037
Liabilities$2,935,398
Net Assets$1,496,639
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,006,6192010Expenses 2011: $984,0802011Expenses 2012: $1,057,6682012Revenue 2013: $1,123,534Expenses 2013: $963,496Net Income 2013: $160,0382013Revenue 2014: $776,116Expenses 2014: $661,624Net Income 2014: $114,4922014Revenue 2015: $829,570Expenses 2015: $639,812Net Income 2015: $189,7582015Revenue 2016: $752,574Expenses 2016: $838,035Net Income 2016: -$85,4612016Revenue 2017: $999,211Expenses 2017: $886,200Net Income 2017: $113,0112017Revenue 2018: $1,157,798Expenses 2018: $952,278Net Income 2018: $205,5202018Revenue 2019: $1,243,063Expenses 2019: $1,040,393Net Income 2019: $202,6702019Revenue 2020: $3,230,798Expenses 2020: $1,152,266Net Income 2020: $2,078,5322020Revenue 2021: $5,342,165Expenses 2021: $1,575,452Net Income 2021: $3,766,7132021Revenue 2022: $4,002,961Expenses 2022: $2,168,783Net Income 2022: $1,834,1782022Revenue 2023: $5,205,910Expenses 2023: $1,688,397Net Income 2023: $3,517,5132023Revenue 2024: $4,603,972Expenses 2024: $1,839,252Net Income 2024: $2,764,7202024

Highlighted filing

2013

Revenue$1,123,534
Expenses$963,496
Net Income$160,038
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 7, 2014
Return Version
2013v3.0
Gross Receipts
$1,123,534
Mission and Program Overview

Mission

The mission of adc is to grow businesses, build wealth and increase reinvestment in the african communities of minnesota.

The mission of adc is to grow businesses, build wealth and increase reinvestement in the african communities of minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,954,817$1,749,311▼ $205,506
Savings and Temporary Cash Investments$780,918$1,024,632▲ $243,714
Pledges and Grants Receivable$500,000$757,350▲ $257,350
Investments Program Related$473,658$511,985▲ $38,327
Cash and Non-Interest-Bearing Accounts$192,352$200,045▲ $7,693
Accounts Receivable$83,527$120,997▲ $37,470
Land, Buildings, and Equipment, Net$70,439$67,717▼ $2,722
Prepaid Expenses and Deferred Charges$229--
Total Assets$4,055,940$4,432,037▲ $376,097
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,160,718$1,621,984▲ $461,266
Other Liabilities$1,505,386$1,236,824▼ $268,562
Accounts Payable and Accrued Expenses$53,235$76,590▲ $23,355
Total Liabilities$2,719,339$2,935,398▲ $216,059
Net Assets / Fund Balance
Temporarily Rstr Net Assets$922,100$927,350▲ $5,250
Unrestricted Net Assets$414,501$569,289▲ $154,788
Total Net Assets Fund Balance$1,336,601$1,496,639▲ $160,038
Total Liabilities and Net Assets / Fund Balance$4,055,940$4,432,037▲ $376,097

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$67,717$164,162$231,879
Investment Program Related Org$59,674--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hussein SamatarExecutive Director (first Part of Year)FT$69,935$9,593$79,528
Nasibu SarevaExecutive Director (end of Year)FT$61,676$6,450$68,126

Board Members and Trustees

NameTitle
Jo Ann VanoPresident, Beginning in September
Bamson FadipePresident, Through September
Abdirashid ShireDirector
Christine NsajjaDirector
Felicia RavelomanantsoaDirector
Leah MteghaDirector
Sara BarrowDirector
Sarah WalkerDirector
Abdikafar AdenTreasuer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,024,100
Program Service Revenue
$98,874
Investment Income
$560
Other Revenue
$0
All Other Contributions
$889,436
Change in Net Assets
$160,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$531,832
Other Expenses$431,239
Total Fundraising Expense$96,699
Grants and Similar Amounts Paid$425
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$264,182$25,922$14,399$304,503
Current Officers, Directors, Trustees, and Key Employees$56,108$69,397$22,148$147,653
Occupancy$86,700$10,300$5,000$102,000
Fees for Services Other$35,910$19,122$8,473$63,505
Office Expenses$44,112$5,986$581$50,679
Payroll Taxes$32,867$9,101$3,234$45,202
Fees for Services Lobbying--$40,000$40,000
Other Employee Benefits$33,085$39$1,350$34,474
Interest$30,808$407-$31,215
Depreciation Depletion$21,297$3,755-$25,052
Fees for Services Accounting$10,500$12,607-$23,107
Conferences and Meetings$4,858$838$1,012$6,708
Insurance$5,307$938-$6,245
Travel$5,002$508$403$5,913
Advertising$4,829$853$99$5,781
Information Technology$2,860$1,653-$4,513
Other Expenses$2,195$453-$2,648
Fees for Services Legal$2,392--$2,392
Grants to Domestic Orgs$425--$425
All Other Expenses-$75-$75
Total Functional Expenses$704,574$162,223$96,699$963,496
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Participations$923,117
Due to State of Minnesota$212,476
Funds Held for Loans$101,231
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The executive, finance, and audit committees review the form 990, and then the board accepts the recommendation of the committee.”

Form 990, Part VI, Section B, Line 12C

“Board members sign a document to disclose annual interests that could give rise to conflicts.”

Form 990, Part VI, Section B, Line 15

“Employees fill out an evaluation form that will be discussed by the board of directors for the executive director's compensation increment. The executive director evaluates employee's performances and determines the compensation based on their performances and comparability data.”

Form 990, Part VI, Section C, Line 18

“Adc has its form 990 publicly available and it is always posted on the organization's website.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and finanical statements are available to the public and are always posted on the organization's website.”

Filing and Contact Details

Filer

EIN
20-0553370
Phone
6123334772

Signing Officer

Name
Nasibu Sareva
Title
Executive Director
Phone
6123334772
Signed
2014-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nasibu Sareva
Formed
2002
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
11

Preparer

Preparer
Daniel J Flicek
Phone
6512276695
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 5A

“The former executive director passed away during 2013. The compensation amounts include the former and current executive directors compensation during 2013 and is therefore higher than prior years.”

Form 990, Part XII, Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Adc is classified as a tax-exempt organization under minnesota statute 290.05 and section 501(c)(3) of the internal revenue code and is exempt from private foundation status under section 509(a)(1) of the internal revenue code and is subject to income taxes only on net unrelated business income. Adc did not have any unrelated business income in 2013 or 2012. Federal and state tax authorities generally have the right to examine the current and three previous years of income tax returns. The companies are not currently under examination by any taxing jurisdiction.”

Raw XML AppendixShowing 400 of 571 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0ADC'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 OFFERS AT LEAST THREE START-UP BUSINESS WORKSHOPS EACH YEAR IN THE TWIN CITIES AND AT LEAST TWO IN GREATER MINNESOTA IN 2012 (WILLMAR/ST. CLOUD AND ROCHESTER). IN 2013, MORE THAN 100 BUSINESS CLASS GRADUATES PARTICIPATED IN WORKSHOPS IN THE TWIN CITIES AND GREATER MN. AFTER COMPLETION OF THE WORKSHOP, CLIENTS READY TO START THEIR BUSINESSES ENGAGE IN ONE-ON-ONE GUIDANCE WITH ADC'S BUSINESS LENDERS. IN 2013, ADC MADE 19 LOANS; LEVERAGED OVER $355K WITH A TOTAL PROJECT COSTS OF $1.2M, CREATED 102 NEW JOBS AND RETAINED 10. ADDITIONALLY, ADC HOLDS "HOMESTRETCH" WORKSHOPS THE FIRST SATURDAY OF EACH MONTH FOR FIRST-TIME HOME BUYERS IN THE TWIN CITIES AS WELL AS FINANCIALLY CONSULTING. ABOUT 16 WORKSHOPS WERE HELD THROUGHOUT THE YEAR IN MINNESOTA. IN 2013, ALMOST 400 FAMILIES SUCCESFULLY COMPLETED THESE WORKSHOPS AND FINANCIAL COUNSELING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, BEGINNING IN SEPTEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASUER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT, THROUGH SEPTEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR (END OF YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR (FIRST PART OF YEAR)
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IRS990/InformationTechnologyGrp/ProgramServicesAmt02860
IRS990/InformationTechnologyGrp/TotalAmt04513
IRS990/InsuranceGrp/ManagementAndGeneralAmt0938
IRS990/InsuranceGrp/ProgramServicesAmt05307
IRS990/InsuranceGrp/TotalAmt06245
IRS990/InterestGrp/ManagementAndGeneralAmt0407
IRS990/InterestGrp/ProgramServicesAmt030808
IRS990/InterestGrp/TotalAmt031215
IRS990/InvestmentIncomeGrp/ExclusionAmt0560
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0560
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0473658
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0511985
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0164162
IRS990/LandBldgEquipBasisNetGrp/BOYAmt070439
IRS990/LandBldgEquipBasisNetGrp/EOYAmt067717
IRS990/LandBldgEquipCostOrOtherBssAmt0231879
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF ADC IS TO GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01160718
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01621984
IRS990/NetAssetsOrFundBalancesBOYAmt01336601
IRS990/NetAssetsOrFundBalancesEOYAmt01496639
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05000
IRS990/OccupancyGrp/ManagementAndGeneralAmt010300
IRS990/OccupancyGrp/ProgramServicesAmt086700
IRS990/OccupancyGrp/TotalAmt0102000
IRS990/OfficeExpensesGrp/FundraisingAmt0581
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05986
IRS990/OfficeExpensesGrp/ProgramServicesAmt044112
IRS990/OfficeExpensesGrp/TotalAmt050679
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01350
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033085
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034474
IRS990/OtherExpensesGrp/Desc0AFROUNIVERSAL STUDIO WR
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN/LOAN-RELATED EXPEN
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0269
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1453
IRS990/OtherExpensesGrp/ProgramServicesAmt033932
IRS990/OtherExpensesGrp/ProgramServicesAmt121863
IRS990/OtherExpensesGrp/ProgramServicesAmt25342
IRS990/OtherExpensesGrp/ProgramServicesAmt32195
IRS990/OtherExpensesGrp/TotalAmt033932
IRS990/OtherExpensesGrp/TotalAmt121863
IRS990/OtherExpensesGrp/TotalAmt25611
IRS990/OtherExpensesGrp/TotalAmt32648
IRS990/OtherLiabilitiesGrp/BOYAmt01505386
IRS990/OtherLiabilitiesGrp/EOYAmt01236824
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014399
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025922
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0264182
IRS990/OtherSalariesAndWagesGrp/TotalAmt0304503
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01954817
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01749311
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03234
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09101
IRS990/PayrollTaxesGrp/ProgramServicesAmt032867
IRS990/PayrollTaxesGrp/TotalAmt045202
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0500000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0757350
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0229
IRS990/PrincipalOfficerNm0NASIBU SAREVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME-LOANS
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc3ROOM RENTALS
IRS990/ProgramServiceRevenueGrp/Desc4LOSS FROM SUBSIDIARIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt065562
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt149368
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32251
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4-29786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt065562
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt149368
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32251
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4-29786
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0589813
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt011118
IRS990/PYInvestmentIncomeAmt03148
IRS990/PYOtherExpensesAmt0415478
IRS990/PYOtherRevenueAmt07984
IRS990/PYProgramServiceRevenueAmt0118376
IRS990/PYRevenuesLessExpensesAmt0-338347
IRS990/PYSalariesCompEmpBnftPaidAmt0631072
IRS990/PYTotalExpensesAmt01057668
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0719321
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0160038
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt098874
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0780918
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01024632
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01024100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0589813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01000686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01345554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01185189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05145342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0560
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09603
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt029137
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0566446
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67060
IRS990ScheduleA/PublicSupportPY170Pct00.76780
IRS990ScheduleA/PublicSupportTotal170Amt03469772
IRS990ScheduleA/SubstantialContributorsTotAmt01675570
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01024100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0589813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01000686
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01345554
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01185189
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05145342
IRS990ScheduleA/TotalSupportAmt05174479
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsInd00
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesAmt040000
IRS990ScheduleC/OtherActivitiesInd01
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE AFRICAN DEVELOPMENT CENTER PAID $40,000 TO ALL MEDIA PUBLIC AFFAIRS FOR THE SERVICES OF A LOBBYIST THEY HIRED TO LOBBY THE STATE LEGISLATURE REGARDING FUNDING FOR THE JOBS RELATED PROGRAM.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt040000
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt067717
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0164162
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0231879
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0452311
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt159674
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN SUBSIDIARIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN AFROUNIVERSAL STUDIO, NET
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0101231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1923117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2212476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR LOANS

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,432,037
Liabilities
$2,935,398
Net assets
$1,496,639
Revenue
$1,123,534
Expenses
$963,496
Net income
$160,038
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$9.80$15.0$4.60$1.84$2.76
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.7$9.49$12.2$5.21$1.69$3.52
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$9.03$8.72$4.00$2.17$1.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.2$11.3$6.89$5.34$1.58$3.77
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$7.31$3.95$3.23$1.15$2.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.19$4.32$1.87$1.24$1.04$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$4.41$1.67$1.16$0.95$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$2.90$1.46$1.00$0.89$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.54$2.20$1.35$0.75$0.84$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.85$2.41$1.43$0.83$0.64$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.85$2.61$1.24$0.78$0.66$0.11
2013Detailed filing. Detailed filing data is available for this year.$4.43$2.94$1.50$1.12$0.96$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$2.72$1.34$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$3.26$1.67$0.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$2.95$1.54$1.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $1M-$5M nonprofits