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← MID-STATES MINORITY SUPPLIER DEVELOPMENT COUNCIL

Form 990 for tax year 2024

Filed by MID-STATES MINORITY SUPPLIER DEVELOPMENT COUNCIL.

Totals

Total revenue
$1,155,151
Total expenses
$1,310,085
Contributions and grants received
$1,065,244
Grants paid
$500
Program service revenue
$0
Investment income
$24,783
Other revenue
$65,124
Total assets, end of year
$1,495,103
Total liabilities, end of year
$1,175,431
Net assets or fund balances, end of year
$319,672
Program services expenses (Part IX)
$609,999
Management and general expenses
$545,975
Fundraising expenses
$154,111
Program service expenses (Part III)
$609,999

Program services were 46.6% 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

    $135,553

  • 1e · Government grants (contributions)

    $10,400

  • 1f · All other contributions, gifts and grants

    $919,291

  • 3 · Investment income

    total $24,783 · excluded $24,783

  • 6a · Gross rents

    real property $55,176

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $55,176

  • 6d · Net rental income or loss

    total $55,176 · excluded $55,176

  • 8a · Fundraising events: gross income

    $203,613

  • 8b · Fundraising events: direct expenses

    $248,945

  • 8c · Net income from fundraising events

    total -$45,332 · excluded -$45,332

  • 11a · Other revenue: SUBSCRIPTIONS AND OTHE

    total $23,336 · related or exempt $23,336

  • 11d · All other revenue

    total $31,944 · related or exempt $31,944

  • 11e · Other revenue, total

    $55,280

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500 · program services $500

  • 5 · Compensation of officers, directors and key employees

    total $156,250 · program services $73,523 · management and general $53,804 · fundraising $28,923

  • 7 · Other salaries and wages

    total $297,511 · program services $139,994 · management and general $102,446 · fundraising $55,071

  • 8 · Pension plan contributions

    total $19,414 · program services $9,135 · management and general $6,685 · fundraising $3,594

  • 9 · Other employee benefits

    total $11,163 · program services $5,253 · management and general $3,844 · fundraising $2,066

  • 10 · Payroll taxes

    total $29,030 · program services $13,660 · management and general $9,996 · fundraising $5,374

  • 11c · Fees: accounting

    total $117,809 · program services $65,553 · management and general $52,256

  • 11g · Fees: other

    total $209,844 · program services $146,488 · management and general $63,356

  • 12 · Advertising and promotion

    total $3,189 · program services $1,100 · management and general $1,656 · fundraising $433

  • 13 · Office expenses

    total $74,409 · program services $25,665 · management and general $38,648 · fundraising $10,096

  • 14 · Information technology

    total $52,916 · program services $24,900 · management and general $18,221 · fundraising $9,795

  • 16 · Occupancy

    total $44,138 · program services $15,224 · management and general $22,925 · fundraising $5,989

  • 17 · Travel

    total $35,326 · program services $6,198 · management and general $29,128

  • 20 · Interest

    total $27,973 · management and general $27,973

  • 22 · Depreciation, depletion and amortization

    total $32,751 · program services $15,411 · management and general $11,278 · fundraising $6,062

  • 23 · Insurance

    total $38,692 · program services $13,345 · management and general $20,097 · fundraising $5,250

  • 24a · Other expenses: BAD DEBTS

    total $85,465 · program services $29,478 · management and general $44,391 · fundraising $11,596

  • 24b · Other expenses: DUES, SUBS, MEMBERSHIPS

    total $41,419 · program services $14,286 · management and general $21,513 · fundraising $5,620

  • 24c · Other expenses: MEETING EXPENSES

    total $22,246 · program services $7,673 · management and general $11,555 · fundraising $3,018

  • 24e · All other expenses

    total $10,040 · program services $2,613 · management and general $6,203 · fundraising $1,224

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $880,249 · end of year $625,824

  • 4 · Accounts receivable

    beginning of year $30,375 · end of year $205,875

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,348 · end of year $9,187

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

    $1,575,471

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

    $921,254

  • 10c · Land, buildings and equipment, net

    beginning of year $686,968 · end of year $654,217

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,776 · end of year $93,195

  • 19 · Deferred revenue

    beginning of year $172,243 · end of year $212,688

  • 24 · Unsecured notes and loans payable

    beginning of year $894,315 · end of year $869,548

  • 27 · Net assets without donor restrictions

    beginning of year $468,506 · end of year $313,572

  • 28 · Net assets with donor restrictions

    beginning of year $6,100 · end of year $6,100

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION.

  • SEE SCHEDULE O

    Expenses $609,999 · Grants $500 · Revenue $55,280

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leviticous Cleveland

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Truax

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Hardin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Leo Lopez

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Freedom Smith Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richard Miller

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Duke

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katrina Scott

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Baris Kiyar

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Darrell Morton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Corbitt

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Holli Harrington

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Bailey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle Morin

    MEMBER - PARTIAL TERM

    Total calculated
    $0
    Hours/week
    1

  • Daryle Johnson

    VP OF STRATEGY

    Total calculated
    $105,793
    From this org
    $104,167
    From related orgs
    $0
    Other
    $1,626
    Hours/week
    40

  • Demetrius Glover

    CEO

    Total calculated
    $171,670
    From this org
    $156,250
    From related orgs
    $0
    Other
    $15,420
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,250
    Bonus
    $0
    Other
    $0
    Deferred
    $12,168
    Nontaxable benefits
    $3,252
    Filer's total
    $171,670

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
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349319922

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