AFRICAN DEVELOPMENT CENTER: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- AFRICAN DEVELOPMENT CENTER (EIN 20-0553370)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-06-24
- IRS object ID
- 201131759349300713
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-06-24T11:58:18-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAHONEYULBRICHCHRISTIANSEN & RUSS PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 EAST PLATO BOULEVARD | AddressLine1 |
| City | SAINT PAUL | City |
| State | MN | State |
| ZIP Code | 551071809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200553370 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AFRICAN DEVELOPMENT CENTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AFRI | NameControl |
| Phone | 6123334772 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1931 5TH STREET SOUTH | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55454 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HUSSEIN SAMATAR | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 6123334772 | Phone |
| Date Signed | 2011-05-31 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL J FLICEK | Name |
| Phone | 6512276695 | Phone |
| Date Prepared | 2011-05-31 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | HUSSEIN SAMATAR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1931 5TH STREET SOUTH | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55454 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1547110 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ADCMINNESOTA.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | ADC WORKS WITHIN THE AFRICAN COMMUNITIES OF MINNESOTA TO START AND SUSTAIN SUCCESSFUL BUSINESSES, BUILD ASSETS, AND PROMOTE COMMUNITY REINVESTMENT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 8 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1185189 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1345554 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 51719 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 193978 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 9603 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7578 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1246511 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1547110 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 452563 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 524108 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 9000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 5890 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 59985 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 408522 | OtherExpensePriorYear |
| Other Expenses Current Year | 476621 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 870085 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1006619 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 376426 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 540491 | RevenuesLessExpensesCY |
| Total Assets BOY | 3391795 | TotalAssetsBOY |
| Total Assets EOY | 4492647 | TotalAssetsEOY |
| Total Liabilities BOY | 2387942 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2948303 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1003853 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1544344 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ADC'S MISSION IS TO WORK WITHIN AFRICAN COMMUNITIES IN MINNESOTA TO START AND SUSTAIN SUCCESSFUL BUSINESSES, BUILD ASSETS, AND PROMOTE COMMUNITY REINVESTMENT. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 792561 | Expense |
| Revenue | 193978 | Revenue |
| Description | ADC'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 OFFERS THREE START-UP BUSINESS WORKSHOPS EACH YEAR. MORE THAN 88 BUSINESS CLASS GRADUATES PARTICIPATED IN WORKSHOPS IN 2010. AFTER COMPLETION OF THE WORKSHOP, CLIENTS READY TO START THEIR BUSINESSES ENGAGE IN ONE-ON-ONE GUIDANCE WITH ADC'S BUSINESS LENDERS. IN 2010, ADC HAS MADE 59 LOANS; LEVERAGED 1.14M. FOR THE THIRD YEAR IN A ROW, ADC WAS SELECTED AS THE NUMBER ONE SMALL BUSINESS LENDER IN THE CITY OF MINNEAPOLIS IN 2010, OUTPERFORMING EVEN LARGER BANKING INSTITUTIONS. ADDITIONALLY, ADC HOLDS "HOMESTRETCH" WORKSHOPS FOR FIRST TIME HOME BUYERS IN THE TWIN CITIES AND GREATER MINNESOTA. IN 2009, 362 FIRST TIME HOME BUYERS FAMILIES TRAINED. ADC HAS 42% SUCCESSFUL HOME PURCHASES AMONG HOMESTRETCH GRADUATES- THREE TIMES THE HOMESTRETCH AVERAGE FOR THE U.S.IN 2009, 71 FAMILIES COMPLETED THE HOMESTRETCH WORKSHOPS. | Description |
| Total Program Service Expense | 792561 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 12 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 8 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AFRICAN DEVELOPMENT CENTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6123334772 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1931 5TH STREET SOUTH | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55454 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| FATUMA ELMI | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| VERGE GRANGER | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | X | |
| JO ANN VANO | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| BAMSON FADIPE | |||||||
| PRESIDENT | 1.00 | X | 0 | 0 | 0 | X | |
| BRUCK NERAYO | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| SARA STENBERG | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| HUSSEIN SAMATAR | |||||||
| EXECUTIVE DIRECTOR | 40.00 | 91418 | 0 | 5506 | X | ||
| HUSSEIN FARAH | |||||||
| BUSINESS DEVELOPMENT DIRECTOR | 40.00 | 67894 | 0 | 5751 | X | ||
| STEPHEN WREH-WILSON | |||||||
| HOMEOWNERSHIP & FL DIRECTOR | 40.00 | 58552 | 0 | 3448 | X | ||
| NASIBU SAREVA | |||||||
| SENIOR BUSINESS LENDER | 40.00 | 54121 | 0 | 2594 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 91418 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 5506 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 841400 | GovernmentGrants |
| All Other Contributions | 504154 | AllOtherContributions |
| Total Contributions | 1345554 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| PROGRAM SERVICE FEES | 900099 | 154895 | 154895 |
| INTEREST INCOME-LOANS | 900099 | 48471 | 48471 |
| MISCELLANEOUS INCOME | 900099 | 24302 | 24302 |
| RENTAL REVENUE | 900099 | 550 | 550 |
| LOSS FROM AFFILIATES | 900099 | -34240 | -34240 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 193978 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7578 | TotalRevenueColumn |
| Exclusion | $7,578 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1547110 | TotalRevenueColumn |
| Related Or Exempt Function Income | 193978 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $7,578 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96924 | Total |
| Program Services | 50886 | ProgramServices |
| Management And General | 33923 | ManagementAndGeneral |
| Fundraising | 12115 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 360631 | Total |
| Program Services | 296798 | ProgramServices |
| Management And General | 46644 | ManagementAndGeneral |
| Fundraising | 17189 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28385 | Total |
| Program Services | 23378 | ProgramServices |
| Management And General | 2710 | ManagementAndGeneral |
| Fundraising | 2297 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38168 | Total |
| Program Services | 29098 | ProgramServices |
| Management And General | 6639 | ManagementAndGeneral |
| Fundraising | 2431 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31905 | Total |
| Program Services | 15359 | ProgramServices |
| Management And General | 16546 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5890 | Total |
| Fundraising | 5890 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69549 | Total |
| Program Services | 57757 | ProgramServices |
| Management And General | 11792 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2416 | Total |
| Program Services | 2131 | ProgramServices |
| Management And General | 285 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72978 | Total |
| Program Services | 54758 | ProgramServices |
| Management And General | 10854 | ManagementAndGeneral |
| Fundraising | 7366 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63737 | Total |
| Program Services | 63737 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18806 | Total |
| Program Services | 18086 | ProgramServices |
| Management And General | 720 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31385 | Total |
| Program Services | 10627 | ProgramServices |
| Management And General | 8336 | ManagementAndGeneral |
| Fundraising | 12422 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24323 | Total |
| Program Services | 24028 | ProgramServices |
| Management And General | 295 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27396 | Total |
| Program Services | 23284 | ProgramServices |
| Management And General | 4112 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5112 | Total |
| Program Services | 3835 | ProgramServices |
| Management And General | 1002 | ManagementAndGeneral |
| Fundraising | 275 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| PROVISION FOR LOAN LOSS | 89131 | 89131 | |
| PROGRAM EXPENSES | 24313 | 24313 | |
| SUBCONTRACT FEES | 11947 | 2639 | 9308 |
| MISCELLANEOUS | 3623 | 2716 | 907 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1006619 | Total |
| Program Services | 792561 | ProgramServices |
| Management And General | 154073 | ManagementAndGeneral |
| Fundraising | 59985 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25624 | BOY |
| EOY | 198338 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 893552 | BOY |
| EOY | 1326446 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 125000 | BOY |
| EOY | 75000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3026 | BOY |
| EOY | 36267 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1345 | BOY |
| EOY | 27664 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 164081 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 88893 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90353 | BOY |
| EOY | 75188 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2252045 | BOY |
| EOY | 2753744 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 850 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3391795 | BOY |
| EOY | 4492647 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58356 | BOY |
| EOY | 42043 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13500 | BOY |
| EOY | 10000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 750000 | BOY |
| EOY | 1000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1566086 | BOY |
| EOY | 1896260 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2387942 | BOY |
| EOY | 2948303 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 410853 | BOY |
| EOY | 702444 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 593000 | BOY |
| EOY | 841900 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1003853 | BOY |
| EOY | 1544344 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3391795 | BOY |
| EOY | 4492647 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 540491 | ReconcilationRevenueExpenses |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 614917 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 653165 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 533044 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1185189 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1345554 | CurrentTaxYear |
| Total | 4331869 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 614917 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 653165 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 533044 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1185189 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1345554 | CurrentTaxYear |
| Total | 4331869 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 615064 | AmountsSubstContributorsTotal |
| Public Support Total170 | 3716805 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11816 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 18860 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15578 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9603 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7578 | CurrentTaxYear |
| Total | 63435 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 4395304 | TotalSupport |
| Gross Receipts From Admissions Etc | 602345 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.84560 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.78740 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Activities | 1 | OtherActivities |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | THE AFRICAN DEVELOPMENT CENTER PAID $100 TO THE MINNEAPOLIS CONSORTIUM OF COMMUNITY DEVELOPERS FOR THE SERVICES OF A LOBBYIST THEY HIRED TO LOBBY THE STATE LEGISLATURE REGARDING FUNDING FOR THE URBAN INITIATIVE PROGRAM. | Explanation |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 164081 | OtherCostOrOtherBasis |
| Depreciation | 88893 | Depreciation |
| Book Value | 75188 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 75188 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENT IN AFFILIATES | 327781 | F |
| LOANS RECEIVABLE | 2425963 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 2753744 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FUNDS HELD FOR LOANS | $95,726 |
| LOAN PARTICIPATIONS | $1,342,035 |
| DUE TO STATE OF MINNESOTA | $458,499 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1896260 | TotalOfAmounts |
| Total Revenue | 1547110 | TotalRevenue |
| Total Expenses | 1006619 | TotalExpenses |
| Excess Or Deficit For Year | 540491 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 540491 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1678432 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 11686 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 119636 | OtherRevenues |
| Revenue Not Rptd F990 | 131322 | RevenueNotRptdF990 |
| Revenue Subtotal | 1547110 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1547110 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1137941 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 11686 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 119636 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 131322 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1006619 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1006619 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF INCOME TAX RETURNS. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ANY INTEREST OR PENALTIES ASSESSED IS REPORTED IN MANAGEMENT AND GENERAL EXPENSES. THERE WERE NO INTEREST OR PENALTIES RECORDED IN 2010. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | ELIMINATION OF CONSOLIDATED ENTITY 119,636. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | ELIMINATION OF CONSOLIDATED ENTITY 119,636. |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BRUCK NERAYO | NamePerson |
| Purpose Of Loan | BUSINESS LOAN | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Balance Due | 21589 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 21589 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE EXECUTIVE AND FINANCE COMMITTEE REVIEWS THE FORM 990, AND THEN THE BOARD ACCEPTS THE RECOMMENDATION OF THE COMMITTEE. NEXT YEAR AFRICAN DEVELOPMENT CENTER WILL BE FORMING AN AUDIT COMMITTEE, AND THEY WILL BE INVOLVED IN REVIEWING THE 990 AS WELL. | |
| BOARD MEMBERS SIGN A DOCUMENT TO DISCLOSE ANNUAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. | FORM 990, PART VI, SECTION B, LINE 12C | |
| 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 B, LINE 15 | |
| ADC HAS ITS FORM 990 PUBLICLY AVAILABLE AND IT IS ALWAYS POSTED ON THE ORGRNIZATION'S WEBSITE. | FORM 990, PART VI, SECTION C, LINE 18 | |
| THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANICAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AND ARE ALWAYS POSTED ON THE ORGANIZATION'S WEBSITE. | FORM 990, PART VI, SECTION C, LINE 19 | |
| THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | FORM 990, PART XI, LINE 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADC FINANCIAL SERVICES INC | |||||||||||
| 1808 RIVERSIDE AVENUE SUITE 206 | MINNEAPOLIS | MN | 55454 | 260564229 | MORTGAGE ORIGINATION | MN | N/A | C | -476 | 55202 | 1.00000 |
| ADC COMMERCIAL REAL ESTATE INC | |||||||||||
| 1808 RIVERSIDE AVENUE SUITE 206 | MINNEAPOLIS | MN | 55454 | 264165628 | COMMERCIAL REAL ESTATE | MN | N/A | C | -33764 | 1923886 | 1.00000 |
| MGM COMMUNITY PARTNERS LLC | |||||||||||
| 663 UNIVERSITY AVENUE | SAINT PAUL | MN | 55104 | 203436698 | COMMERCIAL REAL ESTATE | MN | N/A | C | 50068 | 60772 | 0.25000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADC COMMERCIAL REAL ESTATE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | J | TransactionType |
| Amount Involved | 63498 | AmountInvolved |
| Method Of Amt Determination | ACTUAL AMOUNT PAID. | MethodOfAmtDetermination |