Form 990 for tax year 2024
Filed by CAPITAL REGION MINORITY SUPPLIER DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $2,828,516
- Total expenses
- $2,474,921
- Contributions and grants received
- $1,065,440
- Grants paid
- $0
- Program service revenue
- $1,706,657
- Investment income
- $0
- Other revenue
- $56,419
- Total assets, end of year
- $3,552,741
- Total liabilities, end of year
- $873,904
- Net assets or fund balances, end of year
- $2,678,837
- Program services expenses (Part IX)
- $2,162,213
- Management and general expenses
- $270,712
- Fundraising expenses
- $41,996
- Program service expenses (Part III)
- $2,162,213
Program services were 87.4% 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)
$922,070
-
1f · All other contributions, gifts and grants
$143,370
-
1g · Noncash contributions included above
$81,070
-
2a · Program service revenue: SPECIAL EVENTS
total $656,485 · unrelated business $0 · excluded $0
-
2b · Program service revenue: CORPORATE AND GOVT FEES
total $563,017 · unrelated business $0 · excluded $0
-
2c · Program service revenue: MBE CERTIFICATION FEES
total $487,155 · unrelated business $0 · excluded $0
-
11a · Other revenue: OTHER INCOME
total $56,419 · related or exempt $56,419 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$56,419
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,157,116 · program services $1,036,640 · management and general $91,818 · fundraising $28,658
-
9 · Other employee benefits
total $178,545 · program services $155,319 · management and general $18,909 · fundraising $4,317
-
10 · Payroll taxes
total $88,769 · program services $79,209 · management and general $7,359 · fundraising $2,201
-
13 · Office expenses
total $20,894 · program services $20,443 · management and general $347 · fundraising $104
-
16 · Occupancy
total $36,223 · program services $32,322 · management and general $3,003 · fundraising $898
-
17 · Travel
total $59,675 · program services $54,485 · management and general $4,947 · fundraising $243
-
19 · Conferences, conventions and meetings
total $34,007 · program services $22,425 · management and general $11,344 · fundraising $238
-
23 · Insurance
total $11,749 · program services $10,484 · management and general $974 · fundraising $291
-
24a · Other expenses: COMMUNICATIONS/TELEPHONE
total $37,858 · program services $33,781 · management and general $3,138 · fundraising $939
-
24b · Other expenses: PUBLICATION/DUES
total $3,058 · program services $1,587 · management and general $1,132 · fundraising $339
-
24c · Other expenses: SPECIAL EVENTS
total $332,427 · program services $294,374 · management and general $34,702 · fundraising $3,351
-
24d · Other expenses: OTHER EXPENSES
total $12,764 · program services $0 · management and general $12,764 · fundraising $0
-
24e · All other expenses
total $501,836 · program services $421,144 · management and general $80,275 · fundraising $417
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,650,454 · end of year $3,440,847
-
3 · Pledges and grants receivable
beginning of year $69,214 · end of year $81,249
-
4 · Accounts receivable
beginning of year $88,648 · end of year $5,325
-
9 · Prepaid expenses and deferred charges
beginning of year $11,559 · end of year $8,252
-
10a · Land, buildings and equipment: cost or other basis
$17,068
-
10c · Land, buildings and equipment, net
beginning of year $41,740 · end of year $17,068
-
17 · Accounts payable and accrued expenses
beginning of year $119,874 · end of year $293,892
-
19 · Deferred revenue
beginning of year $374,365 · end of year $563,047
-
25 · Other liabilities
beginning of year $42,134 · end of year $16,965
-
27 · Net assets without donor restrictions
beginning of year $2,285,242 · end of year $2,638,837
-
28 · Net assets with donor restrictions
beginning of year $40,000 · end of year $40,000
Mission and programs · 2024
Mission
CAPITAL REGION MINORITY SUPPLIER DEVELOPMENT COUNCILS (THE COUNCIL) MISSION IS TO PROVIDE A DIRECT LINK BETWEEN CORPORATE AMERICA AND MINORITY-OWNED BUSINESSES FOR THE PURPOSE OF INCREASING PROCUREMENT OPPORTUNITIES.
-
CERTIFICATION & CORPORATE SERVICES. MBDA BUSINESS CENTER PROJECT MDBA CAPITAL READINESS PROGRAM PROJECT
Expenses $2,162,213 · Revenue $2,520,851
As filed on the 2024 return.
Listed in Part VII
-
Sharon PinderSHARON PINDER
PRESIDENT & CEO
- Total calculated
- $186,000
- From this org
- $186,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $186,000
-
Marcus KimberlyMARCUS KIMBERLY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ana GonzalezANA GONZALEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Allison KubeALLISON KUBE
SPECIAL ADVISOR
- Total calculated
- $0
- Hours/week
- 1
-
Anjali RamakumaranANJALI RAMAKUMARAN
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Diane DempseyDIANE DEMPSEY
CHAIR - ETHICS
- Total calculated
- $0
- Hours/week
- 1
-
Darlene FullerDARLENE FULLER
CO-CHAIR CERTIFICATION
- Total calculated
- $0
- Hours/week
- 1
-
Charles MartinCHARLES MARTIN
CO- CHAIR CERTIFICATION
- Total calculated
- $0
- Hours/week
- 1
-
Roland L JonesROLAND L JONES
CHAIR-EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Graylin SmithGRAYLIN SMITH
CHAIR - FINANCE
- Total calculated
- $0
- Hours/week
- 1
-
Arnold SowaARNOLD SOWA
CHAIR - AUDIT
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan ButlerJONATHAN BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martha CrawfordMARTHA CRAWFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anna HakobyanANNA HAKOBYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rita BrooksRITA BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Franklin LeeFRANKLIN LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claude GregoryCLAUDE GREGORY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris BiltonCHRIS BILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sonya HopsonSONYA HOPSON
CHAIR OF MBE INPUT COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kim SamsKIM SAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony IrudhayanathanANTHONY IRUDHAYANATHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mercedita Roxas-MurrayMERCEDITA ROXAS-MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly AyersKIMBERLY AYERS
DIRCTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher LundyCHRISTOPHER LUNDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Necole ParkerNECOLE PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosemary Suggs-EvansROSEMARY SUGGS-EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert WallaceROBERT WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carla UndurragaCARLA UNDURRAGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shaun SmithSHAUN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tomaneci Waller DayTOMANECI WALLER DAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracey EdwardsTRACEY EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wande Diakite LeintuWANDE DIAKITE LEINTU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clairesse JacksonCLAIRESSE JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Y Maria MartinezY MARIA MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vernice LewisVERNICE LEWIS
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
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NATIONAL MINORITY SUPPLIER DEVELOPMENT
501C6 · LIASON · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512869349302141
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