Nonprofit · EIN 32-0241006
NEW AMERICAN DEVELOPMENT CENTER
Tax-exempt · MINNEAPOLIS, MN 55404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,789,839 | $1,583,286 | $206,553 | $3,468,399 | $599,478 | $2,868,921 |
| December 31, 2023 | 990 | $639,169 | $1,010,335 | -$371,166 | $3,606,546 | $875,394 | $2,731,152 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,441,733
- of which government grants
- $1,441,733
- Program service revenue
- $0
- Investment income
- $1,763
- Other revenue
- $346,343
Expenses
- Grants and similar amounts paid
- $613,157
- Compensation of officers, directors and key employees
- $163,900
- Salaries, compensation and benefits (total)
- $360,514
- Professional fundraising fees
- $0
- Legal fees
- $53,907
- Accounting fees
- $28,650
- Occupancy
- $23,000
- Travel
- $9,266
- Depreciation
- $678
- Program services (functional)
- $974,593
- Management and general (functional)
- $608,693
Balance sheet and other
- Total assets, start of year
- $3,607,546
- Total assets, end of year
- $3,468,399
- Total liabilities, end of year
- $599,478
- Net assets, end of year
- $2,868,921
- Land, buildings and equipment
- $19,198
- Net assets without donor restrictions
- $2,868,921
- Gross receipts
- $1,789,839
- Employees
- 5
- Year formed
- 2008
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Asad Aliweyd | Director Trustee or director | 40 | $163,900 |
| Abdi Sheik Nur | Board Chair Institutional trustee | 1 | $0 |
| Mahat Ali | Treasurer Institutional trustee | 1 | $0 |
| Abdihakim A | Board Member Institutional trustee | 1 | $0 |
| Abdinasir H | Board Member Institutional trustee | 1 | $0 |
| Fatah Osman | Board Member Institutional trustee | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Asad Aliweyd | Director Officer, Key employee, Highest-paid employee | 40 | $0 |
| Abdi Sheik Nur | Board Chair Trustee or director | 1 | $0 |
| Mahad Ali | Secretary Trustee or director | 1 | $0 |
| Abdihakim A | Board Member Trustee or director | 1 | $0 |
| Abdinasir H | Baord Member Trustee or director | 1 | $0 |
| Fatah Osman | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2304 PARK AVE STE 200, MINNEAPOLIS, MN 55404-3756
- In care of
- % ASAD ALIWEYD
- Principal officer (990 for 2024)
- Asad Aliweyd, 2614 Nicollet Ave, MINNEAPOLIS, MN 55408
- Signed the 990
- Asad Aliweyd, Executive Director
- Phone
- (612) 823-0180
- 990-N for 2011 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Asad Aliweyd, 6875 washington avenue south 103, Edina MN 55439. Mailing address: 6875 Washington Avenue south 103, Edina MN 55439. Website: www.newamericanacademy.org
- Return prepared by
- Expert Accounting and Tax
Mission
Build a strong vibrant community through sustainable community and economic development programs by leveraging resources and addressing cultural needs.
Program accomplishments
- Housing program is the largest program that provide rent and utilitiesExpenses $1,583,287
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0241006
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $3,468,399
- Income (IRS master file)
- $1,789,839
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,789,839 | $1,583,286 | $3,468,399 | XML |
| 990 | December 2023 | $639,169 | $1,010,335 | $3,606,546 | XML |
| 990 | December 2022 | $4,111,802 | $3,924,734 | $4,026,825 | IRS |
| 990 | December 2021 | $9,122,032 | $7,392,590 | $3,930,676 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Asad Aliweyd Filed under this EIN, most likely by a chapter or affiliate | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0241006).
Questions about NEW AMERICAN DEVELOPMENT CENTER
- What is the EIN of NEW AMERICAN DEVELOPMENT CENTER?
- The employer identification number (EIN) of NEW AMERICAN DEVELOPMENT CENTER is 32-0241006.
- Is NEW AMERICAN DEVELOPMENT CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to NEW AMERICAN DEVELOPMENT CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW AMERICAN DEVELOPMENT CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW AMERICAN DEVELOPMENT CENTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW AMERICAN DEVELOPMENT CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW AMERICAN DEVELOPMENT CENTER?
- The 990 for the year ended December 31, 2024 names Asad Aliweyd.
- Who are the officers and directors of NEW AMERICAN DEVELOPMENT CENTER?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $163,900 (Asad Aliweyd, Director).
- How much revenue does NEW AMERICAN DEVELOPMENT CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,789,839, expenses of $1,583,286 and total assets of $3,468,399 at year end.
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