Form 990 for tax year 2022
Filed by PR MINORITY SUPPLIER DEVELOPMENT CO.
Totals
- Total revenue
- $838,661
- Total expenses
- $659,900
- Contributions and grants received
- $377,158
- Grants paid
- $0
- Program service revenue
- $458,194
- Investment income
- $2,027
- Other revenue
- $1,282
- Total assets, end of year
- $1,898,055
- Total liabilities, end of year
- $252,214
- Net assets or fund balances, end of year
- $1,645,841
- Program services expenses (Part IX)
- $301,524
- Management and general expenses
- $358,376
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $301,524
Program services were 45.7% 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
$25,675
-
1f · All other contributions, gifts and grants
$351,483
-
2a · Program service revenue: CERTIFICATION FEE
total $261,750 · related or exempt $261,750
-
2b · Program service revenue: SPECIAL EVENTS
total $180,244 · related or exempt $180,244
-
2c · Program service revenue: CORPORATE SPONSORSHIP
total $16,200 · related or exempt $16,200
-
3 · Investment income
total $2,027 · related or exempt $2,027
-
11a · Other revenue: MISCELANEOUS REVENUE
total $1,282 · related or exempt $1,282
-
11e · Other revenue, total
$1,282
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $106,650 · program services $7,465 · management and general $99,185
-
7 · Other salaries and wages
total $204,334 · program services $117,985 · management and general $86,349
-
8 · Pension plan contributions
total $10,056 · management and general $10,056
-
9 · Other employee benefits
total $36,605 · program services $17,772 · management and general $18,833
-
10 · Payroll taxes
total $24,363 · program services $9,557 · management and general $14,806
-
11g · Fees: other
total $30,413 · program services $14,338 · management and general $16,075
-
13 · Office expenses
total $1,222 · management and general $1,222
-
14 · Information technology
total $5,391 · management and general $5,391
-
16 · Occupancy
total $58,818 · program services $35,291 · management and general $23,527
-
17 · Travel
total $382 · management and general $382
-
19 · Conferences, conventions and meetings
total $14,793 · program services $9,815 · management and general $4,978
-
22 · Depreciation, depletion and amortization
total $19,275 · management and general $19,275
-
23 · Insurance
total $6,904 · management and general $6,904
-
24a · Other expenses: COLLECTION CHARGES
total $13,035 · management and general $13,035
-
24b · Other expenses: TELEPHONE
total $7,656 · program services $2,188 · management and general $5,468
-
24c · Other expenses: VENUE EXPENSE
total $45,743 · program services $45,743
-
24d · Other expenses: OTHER EXPENSE
total $15,631 · program services $11,254 · management and general $4,377
-
24e · All other expenses
total $58,629 · program services $30,116 · management and general $28,513
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $300 · end of year $128
-
2 · Savings and temporary cash investments
beginning of year $1,138,317 · end of year $1,300,386
-
3 · Pledges and grants receivable
beginning of year $25,534 · end of year $80,421
-
10a · Land, buildings and equipment: cost or other basis
$200,129
-
10b · Land, buildings and equipment: accumulated depreciation
$139,776
-
10c · Land, buildings and equipment, net
beginning of year $68,463 · end of year $60,353
-
13 · Investments: program-related
beginning of year $266,423 · end of year $266,812
-
15 · Other assets
beginning of year $10,319 · end of year $189,955
-
17 · Accounts payable and accrued expenses
beginning of year $26,801 · end of year $40,835
-
19 · Deferred revenue
beginning of year $15,475 · end of year $42,966
-
25 · Other liabilities
end of year $168,413
-
31 · Retained earnings, endowment or other funds
beginning of year $1,467,080 · end of year $1,645,841
Mission and programs · 2022
Mission
Target to increase the amount of business opportunities provided by our members to certified Minority Business Enterprise.
Activities or mission (Part I)
TO TARGET TO INCREASE THE AMOUNT OF BUSINESS OPPORTUNITIES PROVIDED BY OUR MEMBERS TO THE BONAFIDE MBE (MINORITY BUSINESS ENTERPRISE) CERTIFIED.
-
Includes certification development and corporate referrals for business opportunities.
Expenses $196,080 · Revenue $261,750
-
Events: 1) Business Opportunities -Annual Conference to provide opportunities and education to corporate members and certified suppliers. 2) Recognition and other events-Activities to connect suppliers and corporate members 3)Centers of Excellence Certificate Program-Provide certified minority supplier development.
Expenses $105,444 · Revenue $196,444
As filed on the 2022 return.
Listed in Part VII
-
Francisco Cabrera GalindoFRANCISCO CABRERA GALINDO
PRESIDENT
- Total calculated
- $107,251
- From this org
- $107,251
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Idalia Acevedo MoralesIDALIA ACEVEDO MORALES
VICE PRES
- Total calculated
- $0
- Hours/week
- 2
-
Jose Quinones QuintanaJOSE QUINONES QUINTANA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Maria Perez GhigliottyMARIA PEREZ GHIGLIOTTY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Coral Fernandez Del ValleCORAL FERNANDEZ DEL VALLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia Ortiz VelazquezCYNTHIA ORTIZ VELAZQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Flavia Tejada VegaFLAVIA TEJADA VEGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Juan SenquizJUAN SENQUIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jorge LopezJORGE LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rosarito Faria CabreraROSARITO FARIA CABRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Yolanda I VazquezYOLANDA I VAZQUEZ
DIRECTOR
- 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.
Schedule J
Answered yes
- 3 · Written employment contract
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
- 9 · Followed the rebuttable-presumption procedure
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
- 28 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322759349300602
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