Organizations Filed Purposes:
THE MISSION OF ADC IS TO GROW BUSINESSES, BUILD WEALTH AND INCREASE REINVESTEMENT IN THE AFRICAN COMMUNITIES OF MINNESOTA.
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'S ENTREPRENEURSHIP WORKSHOPS HAD 23 GRADUATES IN THE TWIN CITIES AND 58 GRADUATES IN GREATER MINNESOTA. AFTER COMPLETION OF THE TRAININGS/WORKSHOPS, CLIENTS READY TO START THEIR BUSINESSES ENGAGE IN ONE-ON-ONE GUIDANCE WITH ADC'S BUSINESS LENDERS. IN 2019, ADC MADE 27 PROJECTS; 40 LOANS; LEVERAGED OVER $1.8 MILLION WITH A TOTAL PROJECT COST OF $3,003,483, CREATED 93 JOBS AND RETAINED 52.5 JOBS (TOTAL JOBS 145.5).
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Nasibu Sareva | EXECUTIVE DIRECTOR | 50 | $111,802 |
| Ravahere Nedich | DIRECTOR | 1 | $0 |
| Ubah Ali Jama | DIRECTOR | 1 | $0 |
| Felicia Ravelomanantsoa | DIRECTOR | 1 | $0 |
| Edwin Migiro | DIRECTOR | 1 | $0 |
| Kaade Wallace | DIRECTOR | 1 | $0 |
| Paul Fehrenbach | DIRECTOR | 1 | $0 |
| Anthony Watts | DIRECTOR | 1 | $0 |
| Daika Ismail | DIRECTOR | 1 | $0 |
| Mike Stinson | DIRECTOR | 1 | $0 |
| Vernon Doswell | DIRECTOR | 1 | $0 |
| Abdikafar Aden | TREASURER | 1 | $0 |
| Leah Mtegha | SECRETARY | 1 | $0 |
| Jo Ann Vano | PRESIDENT | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202021959349304037_public.xml