From public IRS filings
AFRICAN DEVELOPMENT CENTER
MINNEAPOLIS, MN · Human Services
Mission
GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA
Financials (IRS Form 990)
Total revenue
$4.6M
Total expenses
$1.8M
Total assets
$24.8M
Program expense ratio
88%
Source: IRS Form 990, tax year 2024.
Who funds AFRICAN DEVELOPMENT CENTER
$2.9M in foundation grants on record from 14 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Mcknight Foundation | $654K | 8 |
| Aspen Institute | $436K | 3 |
| Target Foundation | $375K | 2 |
| Minneapolis Foundation | $342K | 4 |
| Otto Bremer Trust | $300K | 3 |
| Opportunity Finance Network | $200K | 1 |
| Greater Twin Cities United Way | $198K | 3 |
| Prosperity Now | $173K | 1 |
| Mortenson Family Foundation | $81K | 3 |
| Wells Fargo Foundation | $80K | 2 |
Leadership
NASIBU SAREVA — CEO (Principal officer)
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