Civic Intelligence

African Development Center

990 • Fiscal year 2022 • EIN 20-0553370

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 02, 2023

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

77th percentile

0.51x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

2.26x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

87th percentile

46%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$190,499

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

40th percentile

-2.2%

Faster asset growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-25%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$17,752,149

Down $405,370 (-2.2%) from 2021

Net Assets

Up

$8,719,700

Up $1,834,178 (+27%) from 2021

Liabilities

Down

$9,032,449

Down $2,239,548 (-20%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin87th percentile

Revenue

Down

$4,002,961

Down $1,339,204 (-25%) from 2021

Expenses

Up

$2,168,783

Up $593,331 (+38%) from 2021

Net Income

Down

$1,834,178

Down $1,932,535 (-51%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2022

Assets$17,752,149
Liabilities$9,032,449
Net Assets$8,719,700
Open 2022 Filing

Operations Trend

Revenue Growth14th 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

2022

Revenue$4,002,961
Expenses$2,168,783
Net Income$1,834,178
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 2, 2023
Return Version
2022v5.0
Gross Receipts
$4,002,961
Mission and Program Overview

Mission

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

Grow businesses, build wealth and increase reinvestement in the african communities of minnesota

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,583,632$8,421,033▲ $1,837,401
Cash and Non-Interest-Bearing Accounts$10,005,579$7,576,855▼ $2,428,724
Pledges and Grants Receivable$474,421$1,266,035▲ $791,614
Savings and Temporary Cash Investments$1,063,003$463,313▼ $599,690
Land, Buildings, and Equipment, Net$26,879$17,593▼ $9,286
Accounts Receivable$831$4,466▲ $3,635
Prepaid Expenses and Deferred Charges$3,174$2,854▼ $320
Total Assets$18,157,519$17,752,149▼ $405,370
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,877,875$5,058,874▼ $819,001
Other Liabilities$2,806,991$1,996,403▼ $810,588
Unsecured Notes Loans Payable$1,700,000$1,700,000→ $0
Deferred Revenue$661,933$181,982▼ $479,951
Accounts Payable and Accrued Expenses$225,198$95,190▼ $130,008
Total Liabilities$11,271,997$9,032,449▼ $2,239,548
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,243,222$7,860,850▲ $2,617,628
Net Assets With Donor Restrictions$1,642,300$858,850▼ $783,450
Total Net Assets Fund Balance$6,885,522$8,719,700▲ $1,834,178
Total Liabilities and Net Assets / Fund Balance$18,157,519$17,752,149▼ $405,370

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,853$293,855$300,708
Leasehold Improvements$10,740$4,019$14,759
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nasibu SarevaCEOFT$170,000$20,499$190,499
Felicia RavelomanatsoaCFOFT$97,583$7,548$105,131

Board Members and Trustees

NameTitle
Jo Ann VanoBoard President
Leah MteghaBoard Secretary
Bruce W NordinDirector
Daika IsmallDirector
Damon JenkinsDirector
Edwin MigiroDirector
Kaade WallaceDirector
Mike StinsonDirector
Paul FehrenbachDirector
Scott BrophyDirector
Sean WoldDirector
Ubah Ali JamaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,335,602
Program Service Revenue
$661,014
Investment Income
$6,345
Other Revenue
$0
All Other Contributions
$1,284,049
Change in Net Assets
$1,834,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,096,153
Salaries, Compensation, and Employee Benefits$732,174
Grants and Similar Amounts Paid$340,456
Total Fundraising Expense$70,739
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$279,111$30,883$60,188$370,182
Grants to Domestic Orgs$332,956--$332,956
Current Officers, Directors, Trustees, and Key Employees$257,530$38,100-$295,630
Interest$150,165$2,579$20$152,764
Occupancy$123,329$13,179$155$136,663
Fees for Services Accounting$82,513$13,998$291$96,802
Fees for Services Other$61,569$4,300$690$66,559
Payroll Taxes$38,490$4,947$4,599$48,036
Travel$27,385$5,363-$32,748
Fees for Services Legal$19,301$2,226-$21,527
Office Expenses$16,142$2,875-$19,017
Other Employee Benefits$13,562$758$4,006$18,326
All Other Expenses$11,032$1,779$20$12,831
Conferences and Meetings$10,838$1,830-$12,668
Other Expenses$10,223$1,774-$11,997
Insurance$9,042$1,127$349$10,518
Depreciation Depletion$8,230$635$421$9,286
Grants to Domestic Individuals$7,500--$7,500
Total Functional Expenses$1,969,919$128,125$70,739$2,168,783
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oasis Mediterranean GrillMinneapolis, MN-To Help Small Business$30,000
Goodland Properties Inc Dba Bezalel and Lelo LLCSouth St Paul, MN-To Help Small Business$20,000
Geire Properties IncMinneapolis, MN-To Help Small Business$15,000
HAJI'S LOCKSMITH LLCBlaine, MN-To Help Small Business$15,000
Haidars Logistics LLCBurnsville, MN-To Help Small Business$14,000
Jambo Africa IncBrooklyn Center, MN-To Help Small Business$12,500
Arwa Fashion USA CoMinneapolis, MN-To Help Small Business$10,000
Ilham Trading Company L L CNew Hope, MN-To Help Small Business$10,000
Kids Center St Paul LtdSt Paul, MN-To Help Small Business$10,000
Midwest Developers IncMinneapolis, MN-To Help Small Business$10,000
The Curl Loft Llp Dba Uptown CurlMinneapolis, MN-To Help Small Business$10,000
Time Motor Sales IncMinneapolis, MN-To Help Small Business$10,000
Jetsstar LLCSt Paul, MN-To Help Small Business$8,864
Hope Hair Braiding LLCBrooklyn Park, MN-To Help Small Business$7,500
Sanag Restaurant 2 LLCMinneapolis, MN-To Help Small Business$7,000
Twins Halal Meat LLCMinneapolis, MN-To Help Small Business$6,500
Voices LLC Dba Voices MagazineFridley, MN-To Help Small Business$6,500
The Park Liquor Outlet CorpBrooklyn Park, MN-To Help Small Business$6,000
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
Due to State of Minnesota, Less Current Portion$867,767
Funds Held for Grants and Loans$557,460
Due to Cped, Less Current Portion$264,911
Current Portion Due to State of Minnesota$163,925
Current Portion of Due to Cped$64,049
Loan Participations, Less Current Portion$43,078
Current Portion of Loan Proceeds$35,213
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 A, Line 1A

“The executive committee has the authority to act on behalf of the board of directors.”

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

“The conflict of interest policy covers any interested person that includes the adc board of directors, officers, employees, or members of a committee with board-delegated powers. When a potential conflict of interest exists, the interested person must disclose the matter to the directors and members of committees with board-delegated powers. After disclosure, the board or committee shall exclude the interested person and vote on whether a conflict of interest exists. Proceedings related to a potential conflict of interest are documented in the board minutes.”

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 ceos compensation increment. The ceo evaluates employee's performances and determines the compensation based on their performances and comparability data. At the end of the year, the board meets and votes on the ceo's compensation based on performance and compariability data. This process last took place december 2022.”

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
CEO
Phone
6123334772
Signed
2023-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nasibu Sareva
Formed
2002
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
10
Volunteers
40

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Deirdre Hodgson
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“The audit oversight process has not changed from 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 (irc), is exempt from private foundation status under section 509(a)(1) of the irc and is subject to income taxes only on net unrelated business income. Adc did not have any unrelated business income in 2022 or 2021. Management believes that adc and its subsidiaries have no uncertain income tax positions.”

Raw XML AppendixShowing 400 of 790 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 HAS AN ENTREPRENEURIAL TRAINING CLASS FOR CLIENTS LOOKING TO START A COMPLETELY NEW BUSINESS. ADC MADE 104 LOANS IN 2022 WITH A TOTAL APPROVED LOAN AMOUNT OF $4,676,500 AND THEY LEVERAGED OVER $7 MILLION. FROM OUR 2022 LOANS, 87.5 JOBS HAVE BEEN RETAINED AND 141.5 NEW JOBS HAVE BEEN CREATED. THE GREAT MAJORITY OF THESE LOANS AND JOBS CREATED AND RETAINED ARE BLACK-OWNED AND OPERATED SMALL BUSINESSES. 96% OF OUR LOAN DOLLARS WENT TO BLACK-OWNED BUSINESSES AND 48% WENT TO WOMEN-OWNED BUSINESSES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12170000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1397583
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt02051553
IRS990/GrantAmt0340456
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt07500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt07500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0332956
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0332956
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04002961
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0349
IRS990/InsuranceGrp/ManagementAndGeneralAmt01127
IRS990/InsuranceGrp/ProgramServicesAmt09042
IRS990/InsuranceGrp/TotalAmt010518
IRS990/InterestGrp/FundraisingAmt020
IRS990/InterestGrp/ManagementAndGeneralAmt02579
IRS990/InterestGrp/ProgramServicesAmt0150165
IRS990/InterestGrp/TotalAmt0152764
IRS990/InvestmentIncomeGrp/ExclusionAmt06345
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06345
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0258
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0297874
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026879
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017593
IRS990/LandBldgEquipCostOrOtherBssAmt0315467
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05877875
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05058874
IRS990/NetAssetsOrFundBalancesBOYAmt06885522
IRS990/NetAssetsOrFundBalancesEOYAmt08719700
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05243222
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07860850
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0155
IRS990/OccupancyGrp/ManagementAndGeneralAmt013179
IRS990/OccupancyGrp/ProgramServicesAmt0123329
IRS990/OccupancyGrp/TotalAmt0136663
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02875
IRS990/OfficeExpensesGrp/ProgramServicesAmt016142
IRS990/OfficeExpensesGrp/TotalAmt019017
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04006
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0758
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013562
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018326
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1LOAN RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP DUES AND SUB
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01772
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11774
IRS990/OtherExpensesGrp/ProgramServicesAmt0476392
IRS990/OtherExpensesGrp/ProgramServicesAmt123106
IRS990/OtherExpensesGrp/ProgramServicesAmt211503
IRS990/OtherExpensesGrp/ProgramServicesAmt310223
IRS990/OtherExpensesGrp/TotalAmt0476392
IRS990/OtherExpensesGrp/TotalAmt123106
IRS990/OtherExpensesGrp/TotalAmt213275
IRS990/OtherExpensesGrp/TotalAmt311997
IRS990/OtherLiabilitiesGrp/BOYAmt02806991
IRS990/OtherLiabilitiesGrp/EOYAmt01996403
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt060188
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030883
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0279111
IRS990/OtherSalariesAndWagesGrp/TotalAmt0370182
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06583632
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08421033
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04599
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04947
IRS990/PayrollTaxesGrp/ProgramServicesAmt038490
IRS990/PayrollTaxesGrp/TotalAmt048036
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0474421
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01266035
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03174
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02854
IRS990/PrincipalOfficerNm0NASIBU SAREVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME-LOANS
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0380997
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1272217
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0380997
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1272217
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27800
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04543064
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0100540
IRS990/PYInvestmentIncomeAmt07534
IRS990/PYOtherExpensesAmt0886854
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0791567
IRS990/PYRevenuesLessExpensesAmt03766713
IRS990/PYSalariesCompEmpBnftPaidAmt0588058
IRS990/PYTotalExpensesAmt01575452
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05342165
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01834178
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0661014
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01063003
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0463313
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2021 AMOUNT: $ 42,509. 2022 AMOUNT: $ 7,800.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03335602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03678064
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02983222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01156301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01135790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012288979
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0387342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0288730
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07967
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01352
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0689649
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07800
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt042509
IRS990ScheduleA/OtherIncome170Grp/TotalAmt050309
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74690
IRS990ScheduleA/PublicSupportPY170Pct00.71810
IRS990ScheduleA/PublicSupportTotal170Amt09731110
IRS990ScheduleA/SubstantialContributorsTotAmt02557869
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03335602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03678064
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02983222
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01156301
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01135790
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012288979
IRS990ScheduleA/TotalSupportAmt013028937
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/BookValueAmt06853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0293855
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0300708
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010740
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04019
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt164049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt243078

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,752,149
Liabilities
$9,032,449
Net assets
$8,719,700
Revenue
$4,002,961
Expenses
$2,168,783
Net income
$1,834,178
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
2022Detailed filing. Detailed filing data is available for this year.$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