Overview
What is New American Development Center?
The New American Development Center, located in Minneapolis, Minnesota, is a nonprofit organization with a focus on community and economic development. Their primary mission is to foster a robust, thriving community by utilizing available resources and addressing cultural needs. One of their significant activities includes providing after-school meals for children from low-income families in Minnesota. The center employs a team of 10 individuals, dedicated to improving the lives of their community members.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 64% (Two-Star out of Four Star rating).
The New American Development Center has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial management. The charity scored particularly low due to a lack of independent board members and the absence of financial statements, which are critical factors for transparency. However, it has demonstrated strong program expense efficiency, with 93.23% of its expenses directed towards its programs.
While the organization has established policies such as conflict of interest and whistleblower protections, the absence of independent oversight raises questions about governance. Furthermore, the failure to provide financial documentation on its website limits accessibility and transparency for potential donors and stakeholders. Despite these limitations, the organization does show a solid commitment to its mission, as evidenced by its high program expense ratio.
Overall, while the New American Development Center has effective program expenditure, the lack of independent board oversight and financial transparency are significant areas for improvement. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is New American Development Center legitimate?
New American Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. New American Development Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $136,892
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,581
For more financial information, click here
What is the mission statement of New American Development Center?
The New American Development Center's mission is centered around building a thriving community. They accomplish this through sustainable community and economic development programs. By leveraging available resources and addressing cultural needs, they strive to create a robust community environment. One of their notable activities includes providing after-school meals for children from low-income families in Minnesota.
Who is the CEO of New American Development Center?
Asad Aliweyed is the Executive Director of New American Development Center.
What is the revenue of New American Development Center?
New American Development Center's revenue in 2022 was $4,111,802.
Who are the executives of New American Development Center and what are their salaries?
The average compensation at New American Development Center during 2022 was $38,147. There are 10 employees at New American Development Center.
Here are 6 key members and their salaries:
- Compensation: $136,892
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New American Development Center?
New American Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New American Development Center
The New American Development Center is dedicated to fostering a robust and thriving community by implementing sustainable community and economic development programs. This mission is achieved by leveraging available resources and addressing the unique cultural needs within the community. One of their significant initiatives includes providing after-school meals for children from low-income families in Minnesota. This program not only ensures nutritional needs are met but also contributes to the overall well-being and development of these children, thereby helping to strengthen the community as a whole. The New American Development Center's mission is a testament to their commitment to uplifting the community and improving the lives of its members, particularly those who may be disadvantaged due to economic or cultural factors.
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Impact
October, 2024
The New American Development Center significantly impacts the Minneapolis community by fostering sustainable community and economic development programs aimed at creating a vibrant environment for residents. One of its key initiatives is the after-school meals program, which addresses the nutritional needs of children from low-income families. By providing healthy meals, the center ensures that these children are supported academically and socially, helping to alleviate food insecurity within the community. The organization's commitment to leveraging resources and addressing cultural needs further enhances its ability to strengthen community bonds and promote economic stability. Through these efforts, the center cultivates an inclusive atmosphere that empowers individuals and families, ultimately contributing to the overall growth and development of the community in Minneapolis.
This information is meant to be a general summary of New American Development Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $303
- Gross Receipts: $4,111,802
Assets and Liabilities:
- Total Assets: $4,026,825
- Total Liabilities: $924,507
- Net Assets: $3,102,318
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Organization Details
Founding Year
2008
Phone
(612) 823-0180Principal Officer
Asad Aliweyed
Main Address
2614 NICOLLET AVE S, Minneapolis, MN, 55408
NTEE Category
Code: B90 - Education
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