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← ROCKY MOUNTAIN MINORITY SUPPLIER DEVELOPMENT COUNCIL

Form 990 for tax year 2023

Filed by ROCKY MOUNTAIN MINORITY SUPPLIER DEVELOPMENT COUNCIL.

Totals

Total revenue
$1,681,262
Total expenses
$1,415,271
Contributions and grants received
$167,820
Grants paid
$0
Program service revenue
$1,371,031
Investment income
$35,880
Other revenue
$106,531
Total assets, end of year
$2,096,987
Total liabilities, end of year
$612,287
Net assets or fund balances, end of year
$1,484,700
Program services expenses (Part IX)
$1,301,695
Management and general expenses
$113,576
Fundraising expenses
$0
Program service expenses (Part III)
$1,301,695

Program services were 92.0% 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.

  • 1e · Government grants (contributions)

    $167,820

  • 2a · Program service revenue: MEMBERSHIPS

    total $904,980 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: NMSDC

    total $466,051 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $35,880 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $156,667

  • 8b · Fundraising events: direct expenses

    $67,886

  • 8c · Net income from fundraising events

    total $88,781 · unrelated business $0 · excluded $88,781

  • 11a · Other revenue: IN KIND CONTRIBUTIONS

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue: OTHERS

    total $17,750 · related or exempt $17,750 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $17,750

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $579,353 · program services $518,417 · management and general $60,936 · fundraising $0

  • 11a · Fees: management

    total $481,947 · program services $463,221 · management and general $18,726 · fundraising $0

  • 13 · Office expenses

    total $167,568 · program services $148,601 · management and general $18,967 · fundraising $0

  • 16 · Occupancy

    total $62,611 · program services $54,747 · management and general $7,864 · fundraising $0

  • 17 · Travel

    total $83,571 · program services $77,048 · management and general $6,523 · fundraising $0

  • 24a · Other expenses: TELEPHONE

    total $11,557 · program services $10,997 · management and general $560 · fundraising $0

  • 24b · Other expenses: BAD DEBT

    total $9,000 · program services $9,000 · management and general $0 · fundraising $0

  • 24c · Other expenses: EQUIPMENT

    total $1,690 · program services $1,690 · management and general $0 · fundraising $0

  • 24d · Other expenses: MISC.

    total $17,974 · program services $17,974 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,619,980 · end of year $2,045,718

  • 4 · Accounts receivable

    beginning of year $98,500 · end of year $38,250

  • 7 · Other notes and loans receivable

    beginning of year $4,403 · end of year $4,403

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,369 · end of year $6,880

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

    $173,688

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

    $171,952

  • 10c · Land, buildings and equipment, net

    beginning of year $3,630 · end of year $1,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $300,530 · end of year $398,248

  • 19 · Deferred revenue

    beginning of year $173,393 · end of year $173,789

  • 24 · Unsecured notes and loans payable

    beginning of year $40,250 · end of year $40,250

  • 27 · Net assets without donor restrictions

    beginning of year $1,218,709 · end of year $1,484,700

Mission and programs · 2023

Mission

TO ENCOURAGE ALL AREA BUSINESS POLICIES AND PROCEDURES THAT WILL ENHANCE THE PURCHASE OF GOODS AND SERVICES FROM MINORITY BUSINESS COMMUNITY

  • Mountain Plains Minority Supplier Development Council has encouraged all its members to adopt and implement corporate policies and programs that has enhanced the purchase of goods and services from minority owned businesses and has further the economic development of the minority businesses.

    Expenses $1,301,695 · Revenue $1,681,262

As filed on the 2023 return.

Listed in Part VII

  • Stan Sena

    CEO

    Total calculated
    $279,835
    From this org
    $230,695
    From related orgs
    $49,140
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,695
    Bonus
    $49,140
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $279,835

  • Jared Casey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Murugan Palani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denika Dwyer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Martin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lisa Helm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ivan Burwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Saunders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renee Cusack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keli Hearon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Beinda Hooks

    Schedule J breakdown

    Base
    $135,000
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,000

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract

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
2023
Filed
12 July 2024
IRS schema version
2023v5.1
Source object
202422289349300907

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