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Nonprofiteer
← SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL

Form 990 for tax year 2024

Filed by SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL.

Totals

Total revenue
$964,707
Total expenses
$932,421
Contributions and grants received
$964,581
Grants paid
$0
Program service revenue
$0
Investment income
$126
Other revenue
$0
Total assets, end of year
$2,038,703
Total liabilities, end of year
$31,500
Net assets or fund balances, end of year
$2,007,203
Program services expenses (Part IX)
$493,257
Management and general expenses
$201,656
Fundraising expenses
$237,508
Program service expenses (Part III)
$493,257

Program services were 52.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $701,153

  • 1c · Fundraising events

    $250,997

  • 1f · All other contributions, gifts and grants

    $12,431

  • 1g · Noncash contributions included above

    $12,431

  • 3 · Investment income

    total $126 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $250,997

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $253,830 · program services $83,764 · management and general $83,764 · fundraising $86,302

  • 7 · Other salaries and wages

    total $275,368 · program services $194,212 · management and general $40,983 · fundraising $40,173

  • 8 · Pension plan contributions

    total $89,170 · program services $58,323 · management and general $15,945 · fundraising $14,902

  • 10 · Payroll taxes

    total $35,492 · program services $19,638 · management and general $8,007 · fundraising $7,847

  • 11c · Fees: accounting

    total $17,650 · program services $0 · management and general $17,650 · fundraising $0

  • 13 · Office expenses

    total $4,270 · program services $1,974 · management and general $455 · fundraising $1,841

  • 14 · Information technology

    total $11,539 · program services $11,067 · management and general $472 · fundraising $0

  • 16 · Occupancy

    total $3,900 · program services $1,300 · management and general $1,300 · fundraising $1,300

  • 17 · Travel

    total $31,725 · program services $19,422 · management and general $6,072 · fundraising $6,231

  • 22 · Depreciation, depletion and amortization

    total $1,497 · program services $499 · management and general $499 · fundraising $499

  • 23 · Insurance

    total $2,483 · program services $1,237 · management and general $1,246 · fundraising $0

  • 24a · Other expenses: Payroll service

    total $5,342 · program services $0 · management and general $5,342 · fundraising $0

  • 24b · Other expenses: Audit

    total $16,897 · program services $0 · management and general $16,897 · fundraising $0

  • 24c · Other expenses: Telephone/Long Distance

    total $9,008 · program services $6,654 · management and general $1,177 · fundraising $1,177

  • 24d · Other expenses: Postage & Shipping

    total $734 · program services $551 · management and general $183 · fundraising $0

  • 24e · All other expenses

    total $173,516 · program services $94,616 · management and general $1,664 · fundraising $77,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,932,188 · end of year $1,992,166

  • 4 · Accounts receivable

    beginning of year $70,229

  • 9 · Prepaid expenses and deferred charges

    end of year $33,161

  • 10a · Land, buildings and equipment: cost or other basis

    $14,873

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,497

  • 10c · Land, buildings and equipment, net

    end of year $13,376

  • 19 · Deferred revenue

    beginning of year $27,500 · end of year $31,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,974,917 · end of year $2,007,203

Mission and programs · 2024

Mission

To create opportunities and an an environment for minority enterprises to grow and to actively add value to corporate members through positive business relationships.

  • Minority Business Enterprises (MBEs) that have become certified through the the council are able to associate with over 400 Corporate and more than 543 MBEs. This association generates corporate and governmental contracts for goods and services. There were 4 sponsored events providing business interaction

    Expenses $493,257

As filed on the 2024 return.

Listed in Part VII

  • Carlos Dones

    Board Chair

    Total calculated
    $0
    Hours/week
    6

  • Jesus Sanchez

    Board Member

    Total calculated
    $0
    Hours/week
    6

  • Nicole Navarro Velesiotis

    MBEIC Chair

    Total calculated
    $0
    Hours/week
    6

  • Todd Reed

    General Council

    Total calculated
    $0
    Hours/week
    6

  • Shawn Green

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Dusty Nimmo

    Board Member

    Total calculated
    $0
    Hours/week
    6

  • Max Rutherford

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Debbie Trevino

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Kevin Jackson

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Rebecca James

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Karen Box

    President/CEO

    Total calculated
    $253,830
    From this org
    $253,830
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,830
    Bonus
    $42,000
    Other
    $0
    Deferred
    $11,000
    Nontaxable benefits
    $0
    Filer's total
    $264,830

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 February 2026
IRS schema version
2024v5.2
Source object
202620509349301852

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