Form 990 for tax year 2022
Filed by NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $27,312,876
- Total expenses
- $26,691,604
- Contributions and grants received
- $9,269,252
- Grants paid
- $223,846
- Program service revenue
- $17,665,476
- Investment income
- $178,643
- Other revenue
- $199,505
- Total assets, end of year
- $15,892,163
- Total liabilities, end of year
- $6,752,850
- Net assets or fund balances, end of year
- $9,139,313
- Program services expenses (Part IX)
- $22,445,290
- Management and general expenses
- $4,063,929
- Fundraising expenses
- $182,385
- Program service expenses (Part III)
- $22,445,290
Program services were 84.1% 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.
-
1f · All other contributions, gifts and grants
$9,269,252
-
1g · Noncash contributions included above
$10,000
-
2a · Program service revenue: MEMBERSHIP DUES
total $13,188,138 · related or exempt $13,188,138
-
2b · Program service revenue: REGISTRATION FEES AND TUITIONS
total $3,765,574 · related or exempt $3,765,574
-
2c · Program service revenue: TRADE SHOW AND MEETING FEES
total $711,764 · related or exempt $711,764
-
3 · Investment income
total $173,866 · excluded $173,866
-
7a · Gross sales of assets other than inventory
securities $976,732
-
7b · Less cost or other basis and sales expenses
securities $971,955
-
7c · Gain or loss
securities $4,777
-
7d · Net gain or loss
total $4,777 · excluded $4,777
-
11a · Other revenue: OTHER INCOME
total $199,505 · related or exempt $199,505
-
11e · Other revenue, total
$199,505
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $171,500 · program services $171,500
-
2 · Grants to domestic individuals
total $52,346 · program services $52,346
-
5 · Compensation of officers, directors and key employees
total $793,096 · management and general $793,096
-
7 · Other salaries and wages
total $2,926,719 · program services $1,790,975 · management and general $1,022,218 · fundraising $113,526
-
8 · Pension plan contributions
total $109,639 · program services $58,742 · management and general $50,897
-
9 · Other employee benefits
total $346,803 · program services $197,926 · management and general $130,918 · fundraising $17,959
-
10 · Payroll taxes
total $259,490 · program services $127,195 · management and general $113,188 · fundraising $19,107
-
11a · Fees: management
total $5,491,069 · program services $4,507,558 · management and general $967,060 · fundraising $16,451
-
11b · Fees: legal
total $174,054 · program services $112,095 · management and general $61,959
-
11c · Fees: accounting
total $69,748 · management and general $69,748
-
13 · Office expenses
total $506,169 · program services $334,762 · management and general $169,716 · fundraising $1,691
-
14 · Information technology
total $92,423 · program services $11,247 · management and general $79,459 · fundraising $1,717
-
16 · Occupancy
total $661,813 · program services $267,400 · management and general $394,413
-
17 · Travel
total $580,406 · program services $501,674 · management and general $68,475 · fundraising $10,257
-
19 · Conferences, conventions and meetings
total $4,881,689 · program services $4,874,712 · management and general $6,954 · fundraising $23
-
21 · Payments to affiliates
total $9,135,609 · program services $9,135,609
-
22 · Depreciation, depletion and amortization
total $129,919 · program services $105,974 · management and general $23,132 · fundraising $813
-
24a · Other expenses: OFFICE RELOCATION
total $82,275 · management and general $82,275
-
24b · Other expenses: CREDIT CARD MERCHANT FE
total $52,376 · program services $52,376
-
24c · Other expenses: LICENSING
total $14,631 · management and general $14,631
-
24d · Other expenses: MEMBERSHIP FEES
total $3,587 · management and general $3,587
-
24e · All other expenses
total $156,243 · program services $143,199 · management and general $12,203 · fundraising $841
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $620,932 · end of year $383,995
-
2 · Savings and temporary cash investments
beginning of year $7,789,356 · end of year $8,998,703
-
4 · Accounts receivable
beginning of year $1,014,342 · end of year $2,661,567
-
9 · Prepaid expenses and deferred charges
beginning of year $313,206 · end of year $245,667
-
10a · Land, buildings and equipment: cost or other basis
$6,582,919
-
10b · Land, buildings and equipment: accumulated depreciation
$6,247,296
-
10c · Land, buildings and equipment, net
beginning of year $265,116 · end of year $335,623
-
12 · Investments: other securities
beginning of year $3,974,285 · end of year $3,073,286
-
15 · Other assets
beginning of year $173,787 · end of year $193,322
-
17 · Accounts payable and accrued expenses
beginning of year $1,471,686 · end of year $1,807,318
-
19 · Deferred revenue
beginning of year $3,234,214 · end of year $2,970,385
-
25 · Other liabilities
beginning of year $927,083 · end of year $1,975,147
-
27 · Net assets without donor restrictions
beginning of year $8,413,041 · end of year $9,034,313
-
28 · Net assets with donor restrictions
beginning of year $105,000 · end of year $105,000
Mission and programs · 2022
Mission
THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS.
-
FIELD SERVICES: OVERSEES THE ACTIVITIES OF 23 AFFILIATED REGIONAL COUNCILS BY MONITORING THEIR ACTIVITIES AND SERVICE DELIVERY AND APPLICATION OF UNIFORM STANDARDS OF WORK.
Expenses $10,029,609 · Revenue $10,094,510
-
ANNUAL CONFERENCE AND BOE: CONNECTS MINORITY SUPPLIERS AND CORPORATE MEMBERS TO INCREASE POTENTIAL FOR BUSINESS TRANSACTIONS, CONDUCTS EDUCATIONAL SESSIONS. 2022 WAS NMSDC'S 50TH ANNIVERSARY YEAR AND THE CONFERENCE WAS ALSO A CELEBRATION OF THE LEGACY AND WORK OF NMSDC. WORKSHOPS, AND SEMINARS TO ENHANCE VENDOR CAPABILITIES AND SHARE SUPPLIER DIVERSITY BEST PRACTICES.
Expenses $7,418,153 · Revenue $9,184,405
-
ECONOMIC FORUM: IN 2022, NMSDC HOSTED ITS INAUGURAL ECONOMIC FORUM. THIS EVENT BRINGS TOGETHER THROUGH LEADERS, PUBLIC OFFICIALS, BRINGING TOGETHER 500 OF THE NATION'S MOST INFLUENTIAL POLICYMAKERS, ACADEMICS, AND BUSINESS AND COMMUNITY LEADERS, FORMING THE NEW VANGUARD IN THE NEXT WAVE OF THE ECONOMIC EQUITY MOVEMENT.
Expenses $1,223,818 · Revenue $2,129,900
-
CENTERS OF EXCELLENCE CERTIFICATE PROGRAM TO BRING TOGETHER THE BEST AND BRIGHTEST MINDS IN SUPPLIER DIVERSITY AND INCLUSION, ACROSS MULTIPLE DISCIPLINES AND REGIONAL AFFILIATE GEOGRAPHIC AREAS.LEARNING PROGRAMS - PROVIDES LEARNING AND EDUCATIONAL PLATFORM FOR CORPORATE MEMBERS, SUPPLIERS AND COUNCILS.CORPORATE PLUS - PROVIDES CORPORATE MEMBERS WITH REFERRALS AND ACCESS TO THE LARGEST MINORITY-OWNED VENDORS IN THE COUNTRY WITH CAPACITY FOR SERVICING NATIONAL CONTRACTS.ACRES PROGRAM - FOCUSED ON CAPACITY BUILDING FOR BLACK FARMERS.
Expenses $3,773,710 · Grants $223,846 · Revenue -$3,543,834
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sue BhatiaSUE BHATIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kendra Burris-AustinKENDRA BURRIS-AUSTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harvey ButlerHARVEY BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derek B CanteyDEREK B CANTEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabriel CastroGABRIEL CASTRO
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Brian DownerBRIAN DOWNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jackie DyessJACKIE DYESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen FreemanSTEPHEN FREEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kala GibsonKALA GIBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clint W GrimesCLINT W GRIMES
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Heather Herndon WrightHEATHER HERNDON WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen L HightowerSTEPHEN L HIGHTOWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vickie Irwin-AveryVICKIE IRWIN-AVERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan JenningsJONATHAN JENNINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William KapferWILLIAM KAPFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacey KeySTACEY KEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris LaydenCHRIS LAYDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria LeporeMARIA LEPORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas LutzTHOMAS LUTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shashi MandapatySHASHI MANDAPATY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy McGuireNANCY MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David McMurrayDAVID MCMURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Farryn MeltonFARRYN MELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie NijstBONNIE NIJST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tanya NixonTANYA NIXON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carlton L OnealCARLTON L ONEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Regenia R SandersREGENIA R SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Guy SchweppeGUY SCHWEPPE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Stan SenaSTAN SENA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony TomczakANTHONY TOMCZAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susanna WebberSUSANNA WEBBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose TurkieniczJOSE TURKIENICZ
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Miguel GonzalezMIGUEL GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ying McGuireYING MCGUIRE
PRESIDENT
- Total calculated
- $468,321
- From this org
- $436,000
- From related orgs
- $0
- Other
- $32,321
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $411,000
- Bonus
- $25,000
- Other
- $0
- Deferred
- $20,550
- Nontaxable benefits
- $11,771
- Filer's total
- $468,321
-
Craig CuffieCRAIG CUFFIE
DIRECTOR - UNTIL JUNE 2022
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Nash Cpm CpimTHOMAS NASH CPM CPIM
DIRECTOR - UNTIL MAY 2022
- Total calculated
- $0
- Hours/week
- 1
-
Melani Wilson SmithMELANI WILSON SMITH
DIRECTOR - UNTIL DEC. 2022
- Total calculated
- $0
- Hours/week
- 1
-
Casilda Del ValleCASILDA DEL VALLE
SENIOR VICE PRESIDENT
- Total calculated
- $324,775
- From this org
- $299,058
- From related orgs
- $0
- Other
- $25,717
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $279,058
- Bonus
- $20,000
- Other
- $0
- Deferred
- $13,953
- Nontaxable benefits
- $11,764
- Filer's total
- $324,775
-
Pauline GebonPAULINE GEBON
VICE PRESIDENT
- Total calculated
- $255,392
- From this org
- $233,478
- From related orgs
- $0
- Other
- $21,914
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $202,860
- Bonus
- $30,618
- Other
- $0
- Deferred
- $10,143
- Nontaxable benefits
- $11,771
- Filer's total
- $255,392
-
Stefan BradhamSTEFAN BRADHAM
VICE PRESIDENT
- Total calculated
- $192,820
- From this org
- $176,201
- From related orgs
- $0
- Other
- $16,619
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $153,218
- Bonus
- $22,983
- Other
- $0
- Deferred
- $7,661
- Nontaxable benefits
- $8,958
- Filer's total
- $192,820
-
Lisa MorrisLISA MORRIS
VICE PRESIDENT
- Total calculated
- $222,228
- From this org
- $189,932
- From related orgs
- $0
- Other
- $32,296
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $169,538
- Bonus
- $20,394
- Other
- $0
- Deferred
- $8,477
- Nontaxable benefits
- $23,819
- Filer's total
- $222,228
-
Sylvia AcostaSYLVIA ACOSTA
SENIOR VICE PRESIDENT
- Total calculated
- $120,444
- From this org
- $113,526
- From related orgs
- $0
- Other
- $6,918
- Hours/week
- 35
-
Christine NarineCHRISTINE NARINE
DIRECTOR OF FINANCE
- Total calculated
- $147,781
- From this org
- $129,655
- From related orgs
- $0
- Other
- $18,126
- Hours/week
- 35
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
-
$20,000
COECP
-
$18,500
COECP
-
$18,500
COECP
-
$18,500
COECP
-
$18,500
COECP
-
$15,000
COECP
-
$15,000
COECP
-
$15,000
COECP
-
$15,000
COECP
-
$14,000
COECP
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349320235
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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