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Nonprofiteer
← SOUTHERN CALIFORNIA MINORITY SUPPLIER DEVELOPMENT COUNCIL INC

Form 990 for tax year 2022

Filed by SOUTHERN CALIFORNIA MINORITY SUPPLIER DEVELOPMENT COUNCIL INC.

Totals

Total revenue
$1,998,278
Total expenses
$1,719,933
Contributions and grants received
$951,875
Grants paid
$0
Program service revenue
$1,002,849
Investment income
$41,757
Other revenue
$1,797
Total assets, end of year
$3,634,127
Total liabilities, end of year
$401,212
Net assets or fund balances, end of year
$3,232,915
Program services expenses (Part IX)
$897,659
Management and general expenses
$298,000
Fundraising expenses
$524,274
Program service expenses (Part III)
$897,659

Program services were 52.2% 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.

  • 1a · Federated campaigns

    $291,928

  • 1b · Membership dues

    $162,667

  • 1f · All other contributions, gifts and grants

    $497,280

  • 2a · Program service revenue: MBE Program Revenue

    total $1,002,849 · related or exempt $1,002,849

  • 3 · Investment income

    total $41,757 · excluded $41,757

  • 11a · Other revenue: Miscellaneous

    total $1,797 · excluded $1,797

  • 11e · Other revenue, total

    $1,797

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $167,663 · program services $121,122 · management and general $28,522 · fundraising $18,019

  • 7 · Other salaries and wages

    total $395,380 · program services $287,929 · management and general $64,173 · fundraising $43,278

  • 8 · Pension plan contributions

    total $30,280 · program services $18,319 · management and general $9,924 · fundraising $2,037

  • 9 · Other employee benefits

    total $87,201 · program services $47,033 · management and general $37,869 · fundraising $2,299

  • 10 · Payroll taxes

    total $50,044 · program services $35,999 · management and general $7,113 · fundraising $6,932

  • 11b · Fees: legal

    total $11,721 · management and general $11,721

  • 11c · Fees: accounting

    total $109,290 · program services $79,285 · management and general $15,447 · fundraising $14,558

  • 11f · Fees: investment management

    total $12,124 · management and general $12,124

  • 11g · Fees: other

    total $100,324 · program services $70,366 · management and general $29,958

  • 12 · Advertising and promotion

    total $65,729 · program services $2,749 · management and general $7,729 · fundraising $55,251

  • 13 · Office expenses

    total $45,914 · program services $26,696 · management and general $13,605 · fundraising $5,613

  • 14 · Information technology

    total $70,444 · program services $27,524 · management and general $14,938 · fundraising $27,982

  • 16 · Occupancy

    total $346,459 · program services $107,319 · management and general $16,894 · fundraising $222,246

  • 17 · Travel

    total $20,194 · program services $11,570 · management and general $8,425 · fundraising $199

  • 19 · Conferences, conventions and meetings

    total $6,598 · program services $6,015 · management and general $583

  • 22 · Depreciation, depletion and amortization

    total $15,161 · program services $3,246 · management and general $11,416 · fundraising $499

  • 23 · Insurance

    total $7,592 · program services $5,547 · management and general $1,046 · fundraising $999

  • 24a · Other expenses: Events & facilities

    total $138,870 · program services $14,712 · management and general $2,407 · fundraising $121,751

  • 24b · Other expenses: Merchant fees

    total $28,085 · program services $27,228 · management and general $857

  • 24c · Other expenses: Bad debt expense

    total $7,500 · program services $5,000 · fundraising $2,500

  • 24d · Other expenses: Dues & subscriptions

    total $2,318 · management and general $2,207 · fundraising $111

  • 24e · All other expenses

    total $1,042 · management and general $1,042

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,027 · end of year $273,664

  • 2 · Savings and temporary cash investments

    beginning of year $1,296,142 · end of year $1,355,268

  • 4 · Accounts receivable

    beginning of year $51,610 · end of year $105,618

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

    $416,514

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

    $383,341

  • 10c · Land, buildings and equipment, net

    beginning of year $42,647 · end of year $33,173

  • 11 · Investments: publicly traded securities

    beginning of year $1,941,682 · end of year $1,706,273

  • 15 · Other assets

    beginning of year $12,130 · end of year $160,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $160,508 · end of year $153,421

  • 19 · Deferred revenue

    beginning of year $157,333 · end of year $81,666

  • 25 · Other liabilities

    beginning of year $0 · end of year $166,125

  • 27 · Net assets without donor restrictions

    beginning of year $3,178,227 · end of year $3,095,747

  • 28 · Net assets with donor restrictions

    beginning of year $160,170 · end of year $137,168

Mission and programs · 2022

Mission

SCMSDC's service area encompasses thirteen California counties, which include Orange County, Los Angeles County, and Fresno County. Its regional office, headquartered in Los Angeles, administers the programs and services of SCMSDC and its divisions in Orange County and the Central Valley.

Activities or mission (Part I)

Southern California Minority Supplier Development Council's (SCMSDC) mission is to advance the economic development and business opportunities of diverse suppliers.

  • SCMSDC's various services include 1) Validating ownership, management and control by a minority or a group of minorities of an applicant business (MBE certification); 2) Developing diverse suppliers through programs and services that prepare them to do business with majority corporations and help build their capacity; 3) Advocating on issues and challenges that face minority business suppliers, and connects them to corporate members whose procurement needs match their products or services.Through delivery of technical assistance based on recommendations of majority companies and the diverse business community, SCMSDC strategically positions diverse suppliers to increase their readiness, caliber and ability to grow. Among such offerings are educational as well as professional development programs that focus on leadership, communications, business acumen, finance & accounting (including access to capital), strategic planning, and "how to" workshops on a variety of topics & issues including electronic Request for Proposal workshops (eRFP), Reverse Auction seminars & other tangible procurement knowledge, and contemporary business issues.

    Expenses $897,659 · Revenue $1,002,849

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Virginia Gomez

    President/CEO

    Total calculated
    $167,663
    From this org
    $159,748
    From related orgs
    $0
    Other
    $7,915
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $137,917
    Bonus
    $21,831
    Other
    $0
    Deferred
    $7,915
    Nontaxable benefits
    $0
    Filer's total
    $167,663

  • Joe Chow

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Vicky Harper-Hall

    Vice-Chair

    Total calculated
    $0
    Hours/week
    2

  • Michael Cooper

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Jinus Moghbeli

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Luis Armona

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ray Arroyo

    Director (1/22 - 3/22)

    Total calculated
    $0
    Hours/week
    2

  • Michelle Smith-Ballard

    Director (End 12/22)

    Total calculated
    $0
    Hours/week
    2

  • Joe Blackstone

    Director

    Total calculated
    $0
    Hours/week
    2

  • Chamberlain Duru

    Director

    Total calculated
    $0
    Hours/week
    2

  • Oscar Orozco

    Director

    Total calculated
    $0
    Hours/week
    2

  • Anita Ron

    MBEIC Chair

    Total calculated
    $0
    Hours/week
    2

  • Larry D Young

    Director

    Total calculated
    $0
    Hours/week
    2

  • Darretta Whitfield

    Director

    Total calculated
    $0
    Hours/week
    2

  • Marlene Nantell

    VP of External Affairs

    Total calculated
    $130,164
    From this org
    $117,304
    From related orgs
    $0
    Other
    $12,860
    Hours/week
    60

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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 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
2022
Filed
12 October 2023
IRS schema version
2022v5.0
Source object
202342859349300134

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