NEW AMERICAN DEVELOPMENT CENTER

MINNEAPOLIS, MN, 55408-1628 (612) 823-0180 Est. 2008 EIN 32-0241006

B90 - Educational Services 990 - Public charity return 501(c)(3)

www.nadcmn.org

Mission

Build a strong vibrant community through sustainable community and economic development programs by leveraging resources and addressing cultural needs.

Grants Awarded · 12 grants

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Financials

Total Revenue

$1,789,839

Total Expenses

$1,583,286

Net Assets

$2,868,921

5 employees

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

21.7 months Healthy

Net assets / monthly expenses

Revenue Sources

Contributions 80.6% Investment 0.1% Other 19.0%

Expense Breakdown

Program 61.6% Management 38.4%

Officers & Trustees (6)

Individual compensation is available on Grow plans.

Filing History (8 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$1,789,839 ↑	$1,583,286	$2,868,921
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$639,169 ↓	$1,010,335	$2,731,152
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$4,111,802 ↓	$3,924,734	$3,102,318
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$9,122,032	$7,392,590	$2,540,201
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$9,122,032 ↑	$7,392,590	$2,540,201
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$1,906,057 ↑	$964,533	$1,021,801
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$200,864 ↓	$224,963	$30,277
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$200,897	$177,406	$54,376