African Development Center

MINNEAPOLIS, MN EIN: 20-0553370 Website

GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$24.8M

+14.1% YoY

Annual Giving

-100.0% YoY

Grant Count

0

-100.0% YoY

Avg Grant Size

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$3M$4M$6M20202021202220232024
Metric202420232022
Total Assets$24,797,186$21,723,388$17,752,149
Revenue$4,603,972$5,205,910$4,002,961
Expenses$1,839,252$1,688,397$2,168,783
Qualifying Distributions
Net Investment Income$111,727$16,920$6,345
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$52K$104K$157K$209K2 grants20200 grants202118 grants20227 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

27 grants across all recorded years

27<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does African Development Center fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

NASIBU SAREVACEO$202KFELICIA RAVELOMANATSOACFO$124K

From 2024 filing

NameTitleHoursCompensation
JO ANN VANOBOARD PRESIDENT1
LEAH MTEGHABOARD SECRETARY1
UBAH ALI JAMADIRECTOR1
DAIKA ISMAILDIRECTOR1
MIKE STINSONDIRECTOR1
KAADE WALLACEDIRECTOR1
EDWIN MIGIRODIRECTOR1
BRUCE W NORDINDIRECTOR1
DAMON JENKINSDIRECTOR1
SCOTT BROPHYDIRECTOR1
SEAN WOLDDIRECTOR1
NASIBU SAREVACEO50$201,711
FELICIA RAVELOMANATSOACFO50$123,725

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

BlaineBrooklyn CenterBrooklyn ParkBurnsvilleEden PrairieFridleyMinneapolisNew HopeSouth St PaulSt PaulWoodbury

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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