Immigrant Development Center
- Assets
- $282.4k
- Revenue
- $324.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Moorhead, MN
- Founding
- 08/2006
- Data as of
- 06/2021
- EIN
- 20-3368647
Organization Overview
Immigrant Development Center is located in Moorhead, MN. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Immigrant Development Center employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Immigrant 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 06/2021, Immigrant Development Center generated $324.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $211.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD CAPACITY OF BUSINESS AND ECONOMIC SKILLS WITHIN THE IMMIGRANT POPULATION, ULTIMATELY LEADING TO ECONOMIC SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDC'S OBJECTIVE IS TO BUILD STRONG COMMUNITIES THROUGH BUSINESSES THAT WILL CREATE NEW JOB OPPORTUNITIES FOR NEW IMMIGRANTS IN AND AROUND MOORHEAD, MN AND FARGO, ND. THIS IS ACCOMPALISHED PRIMARILY THROUGH PROVIDING GRANTS TO INTERNATIONAL MARKET PLAZA, WHICH SUPPORTS IMMIGRANT-OWNED BUSINESSES. IDC IS ALSO WORKING TO BRING UNITY AND POWER TO A DIVERSIFIED GROUP OF ENTREPRENEURS IN THE FARGO-MOORHEA COMMUNITY. IDC'S ULTIMATE GOAL IS TO ENABLE ITS CONTRIBUTORS AND MEMBERS TO BECOME SELF-SUFFICIENT AND EQUAL MEMBERS OF THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fowzia Adde Executive Director | Officer | 40 | $56,000 |
Laura Askie President | OfficerTrustee | 0.5 | $0 |
Naleye Ismail Vice President | OfficerTrustee | 0.5 | $0 |
Roselinda Treasurer | OfficerTrustee | 0.5 | $0 |
Sadik Ilmi Secretary | OfficerTrustee | 0.5 | $0 |
Jacob Galuak Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,229 |
| Investment income | $0 |
| 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 | $324,229 |
| Statement of Expenses | |
|---|---|
| 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. | $56,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,054 |
| Advertising and promotion | $1,000 |
| Office expenses | $2,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,790 |
| Travel | $13,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $618 |
| All other expenses | $0 |
| Total functional expenses | $211,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,219 |
| 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 | $83,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,137 |
| Total assets | $282,356 |
| Accounts payable and accrued expenses | $8,340 |
| 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 | $0 |
| Other liabilities | $4,511 |
| Total liabilities | $12,851 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $269,505 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Immigrant Development Center has recieved totaling $585,006.
| Awarding Organization | Amount |
|---|---|
Northwest Area Foundation St Paul, MN PURPOSE: GENERAL OPERATING SUPPORT FOR INTERNATIONAL MARKET PLAZA | $250,000 |
Northwest Area Foundation St Paul, MN PURPOSE: GENERAL OPERATING SUPPORT FOR INTERNATIONAL MARKET PLAZA | $125,000 |
Bush Foundation St Paul, MN PURPOSE: TO ESTABLISH THE NEW AMERICAN LOAN FUND AND RELATED SERVICES TO HELP LOW-INCOME, LOW-WEALTH AND DISADVANTAGED IMMIGRANT BUSINESS OWNERS JOIN THE ECONOMIC MAINSTREAM IN THE FARGO-MOORHEAD REGION | $100,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $45,000 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: GENERAL SUPPORT | $20,000 |
Northwest Area Foundation St Paul, MN PURPOSE: BUSINESS RESILIENCY LOAN FUND FOR IMMIGRANT ENTREPRENEURS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Greater Madison Convention & Visitor Bureau Inc Madison, WI | $7,711,633 | $4,933,152 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |