New American Development Center
- Assets
- $4.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 32-0241006
Organization Overview
New American Development Center is located in Minneapolis, MN. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, New American Development Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New American Development Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, New American Development Center generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 57.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES: BUILD A STRONG VIBRANT COMMUNITY THROUGH SUSTAINABLE COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS BY LEVERAGING RESOURCES AND ADDRESSING CULTURAL NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL MEALS PROGRAM FOR CHILDREN FROM LOW INCOME FAMILIES IN MINNESOTA
GRANT ADMINISTRATION COST
RENT, MORTGAGE AND UTILITIES SUPPORT TO FAMILIES AND INDIVIDUALS AFFECTED BY COVID-19
PROVIDE SMALL BUSINESS COVID GRANT TO SMALL BUSINESS OWNERS AFFECTED BY COVID-19
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asad Aliweyed Executive Director | Officer | 40 | $136,892 |
Abdul Sheik Nur Board Chair | Trustee | 1 | $0 |
Mahat Ali Treasurer | Trustee | 1 | $0 |
Abdihakim Ahmed Board Member | Trustee | 1 | $0 |
Abdinasir Hoosh Board Member | Trustee | 1 | $0 |
Fatah Osman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercy Kitchen & Catering Inc Hot Meals | 12/30/22 | $177,100 |
Adama Restaurant Hot Meals | 12/30/22 | $118,580 |
Aaran Halaal Hot Meals | 12/30/22 | $177,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,111,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,111,499 |
| Total Program Service Revenue | $0 |
| Investment income | $303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,111,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,892 |
| Compensation of current officers, directors, key employees. | $62,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,346 |
| Fees for services: Management | $274,993 |
| Fees for services: Legal | $206,530 |
| Fees for services: Accounting | $36,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $547 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,924,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,017,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,026,825 |
| Accounts payable and accrued expenses | $442,909 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $457,515 |
| Other liabilities | $24,083 |
| Total liabilities | $924,507 |
| Net assets without donor restrictions | $3,102,318 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,026,825 |