Form 990 for tax year 2022
Filed by CHICAGO MINORITY SUPPLIER DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $3,236,508
- Total expenses
- $3,160,492
- Contributions and grants received
- $1,462,309
- Grants paid
- $0
- Program service revenue
- $1,736,637
- Investment income
- $175
- Other revenue
- $37,387
- Total assets, end of year
- $1,331,123
- Total liabilities, end of year
- $503,258
- Net assets or fund balances, end of year
- $827,865
- Program services expenses (Part IX)
- $1,340,851
- Management and general expenses
- $1,819,641
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,340,851
Program services were 42.4% 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)
$948,800
-
1f · All other contributions, gifts and grants
$513,509
-
2a · Program service revenue: CONFERENCES AND EVENTS
total $1,076,185 · related or exempt $1,076,185
-
2b · Program service revenue: PROGRAM SERVICE FEES
total $660,452 · related or exempt $660,452
-
3 · Investment income
total $175 · related or exempt $175
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous Income
total $37,387 · related or exempt $37,387
-
11e · Other revenue, total
$37,387
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $115,500 · program services $65,835 · management and general $49,665
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $735,208 · program services $130,555 · management and general $604,653
-
8 · Pension plan contributions
total $17 · management and general $17
-
9 · Other employee benefits
total $157,014 · program services $39,863 · management and general $117,151
-
10 · Payroll taxes
total $102,583 · program services $22,902 · management and general $79,681
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $6,096 · program services $165 · management and general $5,931
-
11c · Fees: accounting
total $159,322 · program services $32,719 · management and general $126,603
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $2,197 · program services $2,197
-
13 · Office expenses
total $11,842 · program services $1,010 · management and general $10,832
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $175,012 · program services $24,250 · management and general $150,762
-
17 · Travel
total $156,150 · program services $138,188 · management and general $17,962
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $76,589 · program services $24,966 · management and general $51,623
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $20,301 · management and general $20,301
-
24a · Other expenses: CONSULTANTS
total $973,016 · program services $647,356 · management and general $325,660
-
24b · Other expenses: space and equipment rental
total $111,449 · program services $57,385 · management and general $54,064
-
24c · Other expenses: BAD DEBT
total $94,200 · program services $45,500 · management and general $48,700
-
24d · Other expenses: bank and payroll service fees
total $66,027 · program services $25,803 · management and general $40,224
-
24e · All other expenses
total $197,969 · program services $82,157 · management and general $115,812
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $785,689 · end of year $938,022
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $307,916 · end of year $243,663
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $54,057 · end of year $50,275
-
10a · Land, buildings and equipment: cost or other basis
$242,257
-
10b · Land, buildings and equipment: accumulated depreciation
$241,999
-
10c · Land, buildings and equipment, net
beginning of year $387 · end of year $258
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $11,367 · end of year $98,905
-
17 · Accounts payable and accrued expenses
beginning of year $131,318 · end of year $90,497
-
19 · Deferred revenue
beginning of year $79,000 · end of year $116,907
-
25 · Other liabilities
beginning of year $197,249 · end of year $295,854
-
27 · Net assets without donor restrictions
beginning of year $751,849 · end of year $827,865
Mission and programs · 2022
Mission
To increase corporate procurement for the minority business community.
-
MBDA - TO PROVIDE OPPORTUNITY IDENTIFICATION SERVICES FOR CONTRACTS AND FINANCING THAT POSITIVELY IMPACTS THE BUSINESS AND OWNERSHIP OPPORTUNITIES FOR MINORITY BUSINESS ENTERPRISES.
Expenses $962,875
-
CBOF - TO INCREASE CORPORATE PROCUREMENT FOR THE MINORITY BUSINESS COMMUNITY. PROGRAM SERVICES ARE PROVIDED THROUGH OUT THE YEAR THROUGH VARIOUS TECHNICAL ASSISTANCE PARTNERSHIPS.
Expenses $369,562
-
PIPE - The PIPE Program (Progress, Insight & Performance Education) is a collaboration between the Chicago Minority Supplier Development Council and the University of Phoenix. This 8-week, advanced management training program provides participants with the skills and knowledge needed to optimize their business.
Expenses $8,414
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DEBRA JENNINGS-JOHNSON
INTERIM PRES.
- Total calculated
- $128,000
- From this org
- $128,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
JOSE ROBLES-MICHELENA
EXECUTIVE VICE PRESIDENT
- Total calculated
- $115,500
- From this org
- $115,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
JULIUS V WILLIAMS
FORMER PRESIDENT & CEO
- Total calculated
- $12,690
- From this org
- $12,051
- From related orgs
- $0
- Other
- $639
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $12,051
- Bonus
- not reported
- Other
- not reported
- Deferred
- $100
- Nontaxable benefits
- $539
- Filer's total
- $12,690
-
Yvette Moten
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
BRIAN ALCALA
ADVISOR
- Total calculated
- $0
- Hours/week
- 5
-
HESTER BIANCA
Director
- Total calculated
- $0
- Hours/week
- 5
-
Joan-CarlesBrugue
Director
- Total calculated
- $0
- Hours/week
- 5
-
SHELLY BROWN
Director
- Total calculated
- $0
- Hours/week
- 5
-
Kristin Malek
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Donna Bridgforth
Director
- Total calculated
- $0
- Hours/week
- 5
-
Vasanthi Ilangovan
Director
- Total calculated
- $0
- Hours/week
- 5
-
Greg Salinas
Director
- Total calculated
- $0
- Hours/week
- 5
-
Donna Meeks
Director
- Total calculated
- $0
- Hours/week
- 5
-
CHERISE CONLEY
Director
- Total calculated
- $0
- Hours/week
- 5
-
JACKIE DYESS
ASST. SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
JOYCE JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 5
-
Hans Debruijn
Director
- Total calculated
- $0
- Hours/week
- 5
-
Mark Hands
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
GWEN JONES
Director
- Total calculated
- $0
- Hours/week
- 5
-
JARED KELLY
Director
- Total calculated
- $0
- Hours/week
- 5
-
THOMAS MCLEARY
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
RAQUEL SALTER
Director
- Total calculated
- $0
- Hours/week
- 5
-
LIVIA SOUSA
Director
- Total calculated
- $0
- Hours/week
- 5
-
Rona Fourte
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
ROCHELLE TAYLOR
CERT.CTE.CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Sharla Roberts
Director
- Total calculated
- $0
- Hours/week
- 5
-
Ruby McLeary
Director
- Total calculated
- $0
- Hours/week
- 5
-
Travis Latham
Director
- Total calculated
- $0
- Hours/week
- 5
-
KRISTEL TRAVIS
Director
- Total calculated
- $0
- Hours/week
- 5
-
Byron Witherspoon
Director
- Total calculated
- $0
- Hours/week
- 5
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 · Compensation committee
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 April 2025
- IRS schema version
- 2022v5.0
- Source object
- 202531059349302208
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