Civic Intelligence

African Development Center

990 • Fiscal year 2017 • EIN 20-0553370

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 30, 2018

Organization ProfileWWW.ADCMINNESOTA.ORG
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

85th percentile

0.67x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

2.90x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$106,089

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

82nd percentile

23%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

33%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$4,363,024

Up $819,488 (+23%) from 2016

Net Assets

Up

$1,461,089

Up $113,011 (+8.4%) from 2016

Liabilities

Up

$2,901,935

Up $706,477 (+32%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin68th percentile

Revenue

Up

$999,211

Up $246,637 (+33%) from 2016

Expenses

Up

$886,200

Up $48,165 (+5.7%) from 2016

Net Income

Up

$113,011

Up $198,472 (+232%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2017

Assets$4,363,024
Liabilities$2,901,935
Net Assets$1,461,089
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

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

2017

Revenue$999,211
Expenses$886,200
Net Income$113,011
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 30, 2018
Return Version
2017v2.3
Gross Receipts
$999,211
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$1,414,026$2,085,460▲ $671,434
Savings and Temporary Cash Investments$1,091,110$919,622▼ $171,488
Investments Program Related$495,315$559,124▲ $63,809
Pledges and Grants Receivable$278,975$364,400▲ $85,425
Cash and Non-Interest-Bearing Accounts$119,920$264,262▲ $144,342
Accounts Receivable$116,389$138,159▲ $21,770
Land, Buildings, and Equipment, Net$27,801$31,997▲ $4,196
Total Assets$3,543,536$4,363,024▲ $819,488
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,531,367$2,096,675▲ $565,308
Other Liabilities$603,980$797,334▲ $193,354
Accounts Payable and Accrued Expenses$60,111$7,926▼ $52,185
Total Liabilities$2,195,458$2,901,935▲ $706,477
Net Assets / Fund Balance
Unrestricted Net Assets$966,778$938,446▼ $28,332
Temporarily Rstr Net Assets$381,300$522,643▲ $141,343
Total Net Assets Fund Balance$1,348,078$1,461,089▲ $113,011
Total Liabilities and Net Assets / Fund Balance$3,543,536$4,363,024▲ $819,488

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,148$233,462$262,610
Leasehold Improvements$2,849$2,084$4,933
Investment Program Related Org$559,124--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nasibu SarevaExecutive DirectorFT$97,131$8,958$106,089

Board Members and Trustees

NameTitle
Jo Ann VanoPresident
Anthony WattsDirector
Daika IsmailDirector
Felicia RavelomanantsoaDirector
Mike StinsonDirector
Ravahere NedichDirector
Stephanie LeeDirector
Ubah Ali JamaDirector
Vernon DoswellDirector
Leah MteghaSecretary
Abdikafar AdenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$972,790
Program Service Revenue
$24,590
Investment Income
$1,831
Other Revenue
$0
All Other Contributions
$817,461
Change in Net Assets
$113,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$471,993
Salaries, Compensation, and Employee Benefits$412,167
Total Fundraising Expense$30,182
Grants and Similar Amounts Paid$2,040
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$235,341$12,097$6,279$253,717
Occupancy$100,956$17,779-$118,735
Current Officers, Directors, Trustees, and Key Employees$84,870$15,914$5,305$106,089
Fees for Services Other$16,755$19,243$16,115$52,113
Office Expenses$37,819$5,954-$43,773
Payroll Taxes$30,194$2,685$1,032$33,911
Fees for Services Accounting$15,162$15,428-$30,590
Interest$28,791$835-$29,626
Other Employee Benefits$16,123$933$1,394$18,450
Travel$12,822$1,910-$14,732
Depreciation Depletion$8,353$1,476-$9,829
Insurance$8,053$858$57$8,968
Information Technology$6,348$1,498-$7,846
Conferences and Meetings$3,122$2,839-$5,961
Advertising$4,364$772-$5,136
Fees for Services Legal-$2,609-$2,609
Grants to Domestic Orgs$2,040--$2,040
Other Expenses$690$360-$360
Total Functional Expenses$751,695$104,323$30,182$886,200
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$541,703
Due to State of Minnesota$226,155
Funds Held for Loans$29,476
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 11B

“The executive committee reviews 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
2018-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nasibu Sareva
Formed
2002
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
51

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 2017 or 2016.”

Raw XML AppendixShowing 400 of 564 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/InformationTechnologyGrp/ProgramServicesAmt06348
IRS990/InformationTechnologyGrp/TotalAmt07846
IRS990/InsuranceGrp/FundraisingAmt057
IRS990/InsuranceGrp/ManagementAndGeneralAmt0858
IRS990/InsuranceGrp/ProgramServicesAmt08053
IRS990/InsuranceGrp/TotalAmt08968
IRS990/InterestGrp/ManagementAndGeneralAmt0835
IRS990/InterestGrp/ProgramServicesAmt028791
IRS990/InterestGrp/TotalAmt029626
IRS990/InvestmentIncomeGrp/ExclusionAmt01831
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01831
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0495315
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0559124
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0235546
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027801
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031997
IRS990/LandBldgEquipCostOrOtherBssAmt0267543
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
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/BOYAmt01531367
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02096675
IRS990/NetAssetsOrFundBalancesBOYAmt01348078
IRS990/NetAssetsOrFundBalancesEOYAmt01461089
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017779
IRS990/OccupancyGrp/ProgramServicesAmt0100956
IRS990/OccupancyGrp/TotalAmt0118735
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05954
IRS990/OfficeExpensesGrp/ProgramServicesAmt037819
IRS990/OfficeExpensesGrp/TotalAmt043773
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01394
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0933
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016123
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018450
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN/LOAN-RELATED EXPEN
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3GRANTS AND DONATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01133
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1360
IRS990/OtherExpensesGrp/ProgramServicesAmt0131079
IRS990/OtherExpensesGrp/ProgramServicesAmt18813
IRS990/OtherExpensesGrp/ProgramServicesAmt2690
IRS990/OtherExpensesGrp/TotalAmt0131079
IRS990/OtherExpensesGrp/TotalAmt18813
IRS990/OtherExpensesGrp/TotalAmt21823
IRS990/OtherExpensesGrp/TotalAmt3360
IRS990/OtherLiabilitiesGrp/BOYAmt0603980
IRS990/OtherLiabilitiesGrp/EOYAmt0797334
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06279
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012097
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0235341
IRS990/OtherSalariesAndWagesGrp/TotalAmt0253717
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01414026
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02085460
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01032
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02685
IRS990/PayrollTaxesGrp/ProgramServicesAmt030194
IRS990/PayrollTaxesGrp/TotalAmt033911
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0278975
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0364400
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NASIBU SAREVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME-LOANS
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LOSS FROM SUBSIDIARIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt084839
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt164951
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23954
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-129154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt084839
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt164951
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-129154
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0728798
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0319
IRS990/PYInvestmentIncomeAmt01716
IRS990/PYOtherExpensesAmt0447112
IRS990/PYOtherRevenueAmt01794
IRS990/PYProgramServiceRevenueAmt020266
IRS990/PYRevenuesLessExpensesAmt0-85461
IRS990/PYSalariesCompEmpBnftPaidAmt0390604
IRS990/PYTotalExpensesAmt0838035
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0752574
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0113011
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt024590
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01091110
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0919622
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0972790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0728798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0531208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0693593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01024100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03950489
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01831
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01716
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01479
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0560
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07277
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0531481
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70420
IRS990ScheduleA/PublicSupportPY170Pct00.71000
IRS990ScheduleA/PublicSupportTotal170Amt02788444
IRS990ScheduleA/SubstantialContributorsTotAmt01162045
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0972790
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0728798
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0531208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0693593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01024100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03950489
IRS990ScheduleA/TotalSupportAmt03959560
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt01794
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01794
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt029148
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0233462
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0262610
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0559124
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN SOCIAL VENTURES SUBSIDIARIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02849
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02084
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1541703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2226155
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 2017 OR 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031997
IRS990ScheduleD/TotalBookValueProgramRltdAmt0559124
IRS990ScheduleD/TotalLiabilityAmt0797334
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE REVIEWS 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 11B
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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,363,024
Liabilities
$2,901,935
Net assets
$1,461,089
Revenue
$999,211
Expenses
$886,200
Net income
$113,011
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
2017Detailed filing. Detailed filing data is available for this year.$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