Civic Intelligence

African Development Center

990 • Fiscal year 2019 • EIN 20-0553370

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2020

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

84th percentile

0.70x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

3.48x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

51st percentile

$123,300

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

46th percentile

2.0%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

7.4%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$6,193,772

Up $121,190 (+2.0%) from 2018

Net Assets

Up

$1,869,278

Up $202,670 (+12%) from 2018

Liabilities

Down

$4,324,494

Down $81,480 (-1.8%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin74th percentile

Revenue

Up

$1,243,063

Up $85,265 (+7.4%) from 2018

Expenses

Up

$1,040,393

Up $88,115 (+9.3%) from 2018

Net Income

Down

$202,670

Down $2,850 (-1.4%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2019

Assets$6,193,772
Liabilities$4,324,494
Net Assets$1,869,278
Open 2019 Filing

Operations Trend

Revenue Growth59th 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

2019

Revenue$1,243,063
Expenses$1,040,393
Net Income$202,670
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2020
Return Version
2019v5.1
Gross Receipts
$1,243,063
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$2,635,875$3,318,329▲ $682,454
Savings and Temporary Cash Investments$922,578$1,474,520▲ $551,942
Cash and Non-Interest-Bearing Accounts$1,129,336$797,192▼ $332,144
Pledges and Grants Receivable$900,000$287,944▼ $612,056
Investments Program Related$374,026$160,675▼ $213,351
Accounts Receivable$82,584$121,974▲ $39,390
Land, Buildings, and Equipment, Net$27,609$30,357▲ $2,748
Prepaid Expenses and Deferred Charges$574$2,781▲ $2,207
Total Assets$6,072,582$6,193,772▲ $121,190
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,748,561$1,781,481▲ $32,920
Unsecured Notes Loans Payable$1,707,578$1,707,578→ $0
Other Liabilities$932,272$786,892▼ $145,380
Accounts Payable and Accrued Expenses$17,563$48,543▲ $30,980
Total Liabilities$4,405,974$4,324,494▼ $81,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,342,238$992,578▼ $349,660
Net Assets With Donor Restrictions$324,370$876,700▲ $552,330
Total Net Assets Fund Balance$1,666,608$1,869,278▲ $202,670
Total Liabilities and Net Assets / Fund Balance$6,072,582$6,193,772▲ $121,190

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,166$256,491$284,657
Leasehold Improvements$2,191$2,742$4,933
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nasibu SarevaExecutive DirectorFT$111,802$11,498$123,300

Board Members and Trustees

NameTitle
Jo Ann VanoPresident
Anthony WattsDirector
Daika IsmailDirector
Edwin MigiroDirector
Felicia RavelomanantsoaDirector
Kaade WallaceDirector
Mike StinsonDirector
Paul FehrenbachDirector
Ravahere NedichDirector
Ubah Ali JamaDirector
Vernon DoswellDirector
Leah MteghaSecretary
Abdikafar AdenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,156,301
Program Service Revenue
$82,504
Investment Income
$4,258
Other Revenue
$0
All Other Contributions
$796,543
Change in Net Assets
$202,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$576,772
Salaries, Compensation, and Employee Benefits$463,474
Total Fundraising Expense$31,364
Grants and Similar Amounts Paid$147
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,840$15,235$25,961$285,036
Current Officers, Directors, Trustees, and Key Employees$98,640$24,660-$123,300
Occupancy$92,277$16,326-$108,603
Interest$79,576$222-$79,798
Fees for Services Other$24,722$25,909$174$50,805
Office Expenses$37,266$7,011$2,296$46,573
Fees for Services Accounting$16,411$23,899-$40,310
Payroll Taxes$24,834$2,655$1,966$29,455
Travel$18,522$10,699-$29,221
Other Employee Benefits$23,676$1,825$182$25,683
Depreciation Depletion$10,702$1,891-$12,593
Conferences and Meetings$9,591$1,699-$11,290
Insurance$7,762$832$647$9,241
Fees for Services Legal$3,705--$3,705
Other Expenses$1,537$591-$2,128
Information Technology$1,658$178$138$1,974
Advertising$681$121-$802
Grants to Domestic Orgs$147--$147
Total Functional Expenses$875,276$133,753$31,364$1,040,393
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$373,123
Due to State of Minnesota$339,557
Funds Held for Loans$74,212
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 35% controlled entity
No
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
2020-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nasibu Sareva
Formed
2002
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
30

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 2019 or 2018.”

Raw XML AppendixShowing 400 of 577 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0359758
IRS990/GrantAmt0147
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0147
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0147
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01243063
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0138
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0178
IRS990/InformationTechnologyGrp/ProgramServicesAmt01658
IRS990/InformationTechnologyGrp/TotalAmt01974
IRS990/InsuranceGrp/FundraisingAmt0647
IRS990/InsuranceGrp/ManagementAndGeneralAmt0832
IRS990/InsuranceGrp/ProgramServicesAmt07762
IRS990/InsuranceGrp/TotalAmt09241
IRS990/InterestGrp/ManagementAndGeneralAmt0222
IRS990/InterestGrp/ProgramServicesAmt079576
IRS990/InterestGrp/TotalAmt079798
IRS990/InvestmentIncomeGrp/ExclusionAmt04258
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04258
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0374026
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0160675
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0259233
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027609
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030357
IRS990/LandBldgEquipCostOrOtherBssAmt0289590
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/BOYAmt01748561
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01781481
IRS990/NetAssetsOrFundBalancesBOYAmt01666608
IRS990/NetAssetsOrFundBalancesEOYAmt01869278
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01342238
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0992578
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt016326
IRS990/OccupancyGrp/ProgramServicesAmt092277
IRS990/OccupancyGrp/TotalAmt0108603
IRS990/OfficeExpensesGrp/FundraisingAmt02296
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07011
IRS990/OfficeExpensesGrp/ProgramServicesAmt037266
IRS990/OfficeExpensesGrp/TotalAmt046573
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0182
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01825
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023676
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025683
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN/LOAN-RELATED EXPEN
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0591
IRS990/OtherExpensesGrp/ProgramServicesAmt0152382
IRS990/OtherExpensesGrp/ProgramServicesAmt127347
IRS990/OtherExpensesGrp/ProgramServicesAmt21537
IRS990/OtherExpensesGrp/TotalAmt0152382
IRS990/OtherExpensesGrp/TotalAmt127347
IRS990/OtherExpensesGrp/TotalAmt22128
IRS990/OtherLiabilitiesGrp/BOYAmt0932272
IRS990/OtherLiabilitiesGrp/EOYAmt0786892
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt025961
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015235
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0243840
IRS990/OtherSalariesAndWagesGrp/TotalAmt0285036
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02635875
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03318329
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01966
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02655
IRS990/PayrollTaxesGrp/ProgramServicesAmt024834
IRS990/PayrollTaxesGrp/TotalAmt029455
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0900000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0287944
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0574
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02781
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/RelatedOrExemptFuncIncomeAmt0196187
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt140582
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21981
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-156246
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0196187
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140582
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-156246
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01135790
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0272
IRS990/PYInvestmentIncomeAmt01352
IRS990/PYOtherExpensesAmt0486759
IRS990/PYOtherRevenueAmt0-9285
IRS990/PYProgramServiceRevenueAmt029941
IRS990/PYRevenuesLessExpensesAmt0205520
IRS990/PYSalariesCompEmpBnftPaidAmt0465247
IRS990/PYTotalExpensesAmt0952278
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01157798
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0202670
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt082504
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0922578
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01474520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01156301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01135790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0972790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0728798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0531208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04524887
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01352
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01831
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01716
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01691
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010848
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0453972
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66690
IRS990ScheduleA/PublicSupportPY170Pct00.77030
IRS990ScheduleA/PublicSupportTotal170Amt03026142
IRS990ScheduleA/SubstantialContributorsTotAmt01498745
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01156301
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01135790
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0972790
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0728798
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0531208
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04524887
IRS990ScheduleA/TotalSupportAmt04537529
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt01794
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01794
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/BookValueAmt028166
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0256491
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0284657
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02191
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02742
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074212
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1373123
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2339557
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 2019 OR 2018.

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,193,772
Liabilities
$4,324,494
Net assets
$1,869,278
Revenue
$1,243,063
Expenses
$1,040,393
Net income
$202,670
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
2019Detailed filing. Detailed filing data is available for this year.$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