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Nonprofiteer
← NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC

Form 990 for tax year 2024

Filed by NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC.

Totals

Total revenue
$2,210,975
Total expenses
$2,028,886
Contributions and grants received
$1,361,452
Grants paid
$0
Program service revenue
$944,349
Investment income
$14,642
Other revenue
-$109,468
Total assets, end of year
$3,897,772
Total liabilities, end of year
$716,255
Net assets or fund balances, end of year
$3,181,517
Program services expenses (Part IX)
$650,639
Management and general expenses
$805,580
Fundraising expenses
$572,667
Program service expenses (Part III)
$650,639

Program services were 32.1% 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

    $607,463

  • 1c · Fundraising events

    $359,913

  • 1f · All other contributions, gifts and grants

    $394,076

  • 2a · Program service revenue: CERTIFICATION AND RECERTIFICATION

    total $944,349 · related or exempt $944,349

  • 3 · Investment income

    total $14,642 · related or exempt $14,642

  • 8a · Fundraising events: gross income

    $213,518

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

    $232,455

  • 8b · Fundraising events: direct expenses

    $322,986

  • 8c · Net income from fundraising events

    total -$109,468 · excluded -$109,468

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $672,838 · program services $309,833 · management and general $175,884 · fundraising $187,121

  • 9 · Other employee benefits

    total $172,188 · program services $77,527 · management and general $60,646 · fundraising $34,015

  • 11g · Fees: other

    total $17,119 · program services $3,287 · management and general $13,832

  • 16 · Occupancy

    total $327,166 · management and general $327,166

  • 17 · Travel

    total $72,727 · program services $23,856 · management and general $14,104 · fundraising $34,767

  • 19 · Conferences, conventions and meetings

    total $253,542 · program services $97,191 · management and general $4,463 · fundraising $151,888

  • 22 · Depreciation, depletion and amortization

    total $10,581 · program services $1,352 · management and general $9,229

  • 24a · Other expenses: CONSULTANTS AND CONTRAC

    total $314,878 · program services $79,484 · management and general $131,538 · fundraising $103,856

  • 24b · Other expenses: OTHER EXPENSES

    total $175,582 · program services $57,316 · management and general $65,137 · fundraising $53,129

  • 24c · Other expenses: PRINTING SUPPLIES/SERVI

    total $10,463 · program services $772 · management and general $2,520 · fundraising $7,171

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $1,802 · program services $21 · management and general $1,061 · fundraising $720

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,294,397 · end of year $2,614,992

  • 2 · Savings and temporary cash investments

    beginning of year $212,137 · end of year $125,979

  • 4 · Accounts receivable

    beginning of year $218,969 · end of year $147,344

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,441 · end of year $78,300

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

    $14,006

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

    $10,122

  • 10c · Land, buildings and equipment, net

    beginning of year $11,265 · end of year $3,884

  • 11 · Investments: publicly traded securities

    beginning of year $105,136 · end of year $201,845

  • 12 · Investments: other securities

    beginning of year $799,287

  • 15 · Other assets

    beginning of year $194,895 · end of year $725,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,191 · end of year $31,153

  • 19 · Deferred revenue

    beginning of year $94,100 · end of year $75,442

  • 25 · Other liabilities

    beginning of year $873,276 · end of year $609,660

  • 27 · Net assets without donor restrictions

    beginning of year $2,887,235 · end of year $3,180,342

  • 28 · Net assets with donor restrictions

    beginning of year $2,725 · end of year $1,175

Mission and programs · 2024

Mission

THE ORGANIZATION PROVIDES A WIDE RANGE OF SERVICES INCLUDING A COMPREHENSIVE DIRECTORY OF CERTIFIED QUALITY SUPPLIERS. A BI-MONTHLY NEWSLETTER, EDUCATIONAL SEMINARS, BUSINESS CARDS EXCHANGE AND PRIORITY ACCESS TO MARKETING BUSINESS EXPO AND OTHER SERVICES TO ALL CORPORATE MEMBERS.

Activities or mission (Part I)

THE COUNCIL WAS ORGAINIZED TO ASSIST ECONOMICALLY DISADVANTAGED MINORITY-OWNED FIRMS IN CREATING MARKETS FOR THEIR PRODUCTS AND SERVICES AND TO ENCOURAGE THE COOPERATION OF THE BUSINESS COMMUNITY IN THE PURCHASING OF SUCH PRODUCTS AND SERVICES. TO ACHIEVE THIS OBJECTIVE THE COUNCIL HAS ESTABLISHED OFFICES TO FACILITATE EXCHANGE OF INFORMATION AMOUNG CORPORATE PURCHASING PROGRAMS.

  • MEMBERSHIP SERVICES

    Expenses $202,612

  • CERTIFICATION SERVICES

    Expenses $269,671 · Revenue $944,349

  • NETWORKING SERVICES

    Expenses $101,113

  • Expenses $77,243 · Revenue $14,642

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

Listed in Part VII

  • Rondu Vincent

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Terrence Clark

    PRESIDENT CEO

    Total calculated
    $208,026
    From this org
    $208,026
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,026
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $208,026

  • Melanie Gunn-Nieves

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Darrien Pinkman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sheri Shafir

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cheryl McCants

    MBEIC CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Shendora Pridgen

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Trung Tieu

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Laurinda Thomas

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeanine Pedoto

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marisol Ramirez

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Wesley W Joseph

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Greg Michel

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dawn Wells

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carl Tietjen

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Fuquan Collins

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Prince

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Punita Patel

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Daniel S Park

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jessica Johnson-Cope

    MEMBER

    Total calculated
    $0
    Hours/week
    2

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
5 November 2025
IRS schema version
2024v5.2
Source object
202503099349302470

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