Civic Intelligence

African Development Center

990 • Fiscal year 2015 • EIN 20-0553370

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 22, 2016

1931 5th Street SouthMinneapolis, MN 55454

(612) 333-4772

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.63x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

2.91x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$96,030

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

46th percentile

-0.2%

Faster asset growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

6.9%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,845,480

Down $6,104 (-0.2%) from 2014

Net Assets

Up

$1,433,539

Up $189,758 (+15%) from 2014

Liabilities

Down

$2,411,941

Down $195,862 (-7.5%) from 2014

Revenue

Up

$829,570

Up $53,454 (+6.9%) from 2014

Expenses

Down

$639,812

Down $21,812 (-3.3%) from 2014

Net Income

Up

$189,758

Up $75,266 (+66%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$3,845,480
Liabilities$2,411,941
Net Assets$1,433,539

Operations Trend

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

2015

Revenue$829,570
Expenses$639,812
Net Income$189,758
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 22, 2016
Return Version
2015v2.1
Gross Receipts
$829,570
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$1,499,267$1,410,499▼ $88,768
Savings and Temporary Cash Investments$1,206,978$1,135,095▼ $71,883
Investments Program Related$507,211$664,784▲ $157,573
Pledges and Grants Receivable$305,000$305,072▲ $72
Cash and Non-Interest-Bearing Accounts$160,797$232,580▲ $71,783
Accounts Receivable$128,387$66,456▼ $61,931
Land, Buildings, and Equipment, Net$43,944$30,994▼ $12,950
Total Assets$3,851,584$3,845,480▼ $6,104
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,614,569$1,651,319▲ $36,750
Other Liabilities$954,977$710,813▼ $244,164
Accounts Payable and Accrued Expenses$38,257$43,309▲ $5,052
Deferred Revenue-$6,500-
Total Liabilities$2,607,803$2,411,941▼ $195,862
Net Assets / Fund Balance
Unrestricted Net Assets$898,781$1,151,039▲ $252,258
Temporarily Rstr Net Assets$345,000$282,500▼ $62,500
Total Net Assets Fund Balance$1,243,781$1,433,539▲ $189,758
Total Liabilities and Net Assets / Fund Balance$3,851,584$3,845,480▼ $6,104

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,487$209,956$237,443
Leasehold Improvements$3,507$1,426$4,933
Investment Program Related Org$59,674--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nasibu SarevaExecutive DirectorFT$91,729$4,301$96,030

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$531,208
Program Service Revenue
$296,671
Investment Income
$1,691
Other Revenue
$0
All Other Contributions
$309,388
Change in Net Assets
$189,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$349,344
Other Expenses$287,586
Total Fundraising Expense$36,182
Grants and Similar Amounts Paid$2,882
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$170,478$5,649$27,625$203,752
Occupancy$99,734$15,634-$115,368
Current Officers, Directors, Trustees, and Key Employees$76,824$19,206-$96,030
Payroll Taxes$28,623$2,770$3,139$34,532
Interest$31,656$1,012-$32,668
Office Expenses$27,913$4,231-$32,144
Fees for Services Accounting$23,694$4,204-$27,898
Depreciation Depletion$18,937$3,348-$22,285
Other Employee Benefits$9,909$1,920$3,201$15,030
Travel$8,378$2,345$248$10,971
Conferences and Meetings$9,701$764-$10,465
Insurance$6,659$1,128-$7,787
Fees for Services Other$2,082$415$1,969$4,466
Grants to Domestic Orgs$2,882--$2,882
Information Technology$1,640$248-$1,888
Other Expenses$1,467$327-$1,794
Advertising$1,457$234-$1,691
Fees for Services Legal$1,046--$1,046
Total Functional Expenses$540,195$63,435$36,182$639,812
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Participations$551,810
Due to State of Minnesota$126,587
Funds Held for Loans$32,416
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

Filer Name
African Development Center
EIN
20-0553370
Phone
6123334772
Address
1931 5TH STREET SOUTH, MINNEAPOLIS, MN 55454

Signing Officer

Name
Nasibu Sareva
Title
Executive Director
Phone
6123334772
Signed
2016-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nasibu Sareva
Formed
2002
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
39

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Marc a Kotsonas
Phone
6512276695
Supplemental Narrative

Additional Explanations

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 2015 or 2014. 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.

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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 OFFERED 6 START-UP BUSINESS WORKSHOPS IN THE TWIN CITIES AND GREATER MINNESOTA(WILLMAR/ST. CLOUD AND ROCHESTER) IN 2015. IN 2015, MORE THAN 60 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 2015, ADC MADE 19 PROJECTS; 29 LOANS; LEVERAGED OVER $414K WITH A TOTAL PROJECT COST OF ALMSOT $877,983, CREATED 45 JOBS AND RETAINED 64.5. ADDITIONALLY, ADC HOLDS "HOMESTRETCH" WORKSHOPS THE FIRST SATURDAY OF EACH MONTH FOR FIRST-TIME HOME BUYERS IN THE TWIN CITIES AND IN GREATER MINNESOTA AS WELL AS FINANCIAL LITERACY CONSULTING. ADC CONDUCTED 28 WORKSHOPS THROUGHOUT THE YEAR IN MINNESOTA. IN 2015, ALMOST 291 FAMILIES SUCCESSFULLY COMPLETED THESE WORKSHOPS AND FINANCIAL COUNSELING.
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IRS990/OccupancyGrp/ManagementAndGeneralAmt015634
IRS990/OccupancyGrp/ProgramServicesAmt099734
IRS990/OccupancyGrp/TotalAmt0115368
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04231
IRS990/OfficeExpensesGrp/ProgramServicesAmt027913
IRS990/OfficeExpensesGrp/TotalAmt032144
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03201
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01920
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09909
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015030
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN/LOAN-RELATED EXPEN
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0327
IRS990/OtherExpensesGrp/ProgramServicesAmt012861
IRS990/OtherExpensesGrp/ProgramServicesAmt14254
IRS990/OtherExpensesGrp/ProgramServicesAmt21467
IRS990/OtherExpensesGrp/TotalAmt012861
IRS990/OtherExpensesGrp/TotalAmt14254
IRS990/OtherExpensesGrp/TotalAmt21794
IRS990/OtherLiabilitiesGrp/BOYAmt0954977
IRS990/OtherLiabilitiesGrp/EOYAmt0710813
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt027625
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05649
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0170478
IRS990/OtherSalariesAndWagesGrp/TotalAmt0203752
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01499267
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01410499
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03139
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02770
IRS990/PayrollTaxesGrp/ProgramServicesAmt028623
IRS990/PayrollTaxesGrp/TotalAmt034532
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0305000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0305072
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NASIBU SAREVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0INCOME FROM SUBSIDIARI
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2INTEREST INCOME-LOANS
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0149573
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt183231
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260482
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0149573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt183231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260482
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33385
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0693593
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01029
IRS990/PYInvestmentIncomeAmt01479
IRS990/PYOtherExpensesAmt0315622
IRS990/PYOtherRevenueAmt0-12287
IRS990/PYProgramServiceRevenueAmt093331
IRS990/PYRevenuesLessExpensesAmt0114492
IRS990/PYSalariesCompEmpBnftPaidAmt0335680
IRS990/PYTotalExpensesAmt0661624
IRS990/PYTotalProfFndrsngExpnsAmt09293
IRS990/PYTotalRevenueAmt0776116
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0189758
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0296671
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01206978
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01135095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0531208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0693593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01024100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0589813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01000686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03839400
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01479
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0560
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08248
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015126
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0710751
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63580
IRS990ScheduleA/PublicSupportPY170Pct00.69870
IRS990ScheduleA/PublicSupportTotal170Amt02450696
IRS990ScheduleA/SubstantialContributorsTotAmt01388704
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0531208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0693593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01024100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0589813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01000686
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03839400
IRS990ScheduleA/TotalSupportAmt03854526
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
IRS990ScheduleD/EquipmentGrp/BookValueAmt027487
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0209956
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0237443
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0605110
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt159674
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN SUBSIDIARIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN AFROUNIVERSAL STUDIO, NET
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03507
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01426
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1551810
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2126587
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR LOANS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PARTICIPATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO STATE OF MINNESOTA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ADC 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 2015 OR 2014. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030994
IRS990ScheduleD/TotalBookValueProgramRltdAmt0664784
IRS990ScheduleD/TotalLiabilityAmt0710813
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE, FINANCE, AND AUDIT COMMITTEES REVIEW THE FORM 990, AND THEN THE BOARD ACCEPTS THE RECOMMENDATION OF THE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SIGN A DOCUMENT TO DISCLOSE ANNUAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYEES 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADC HAS ITS FORM 990 PUBLICLY AVAILABLE AND IT IS ALWAYS POSTED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANICAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AND ARE ALWAYS POSTED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0260564229
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1264165628
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000

Document Assets

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Filings

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
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

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