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Nonprofiteer
← CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC

Form 990 for tax year 2022

Filed by CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC.

Totals

Total revenue
$1,403,116
Total expenses
$1,198,866
Contributions and grants received
$521,409
Grants paid
$0
Program service revenue
$881,648
Investment income
$59
Other revenue
$0
Total assets, end of year
$1,586,105
Total liabilities, end of year
$98,408
Net assets or fund balances, end of year
$1,487,697
Program services expenses (Part IX)
$945,680
Management and general expenses
$118,264
Fundraising expenses
$134,922
Program service expenses (Part III)
$945,680

Program services were 78.9% 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

    $147,500

  • 1f · All other contributions, gifts and grants

    $373,909

  • 2f · All other program service revenue

    total $881,648 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $59 · unrelated business $59 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $459,786 · program services $321,850 · management and general $45,979 · fundraising $91,957

  • 9 · Other employee benefits

    total $66,707 · program services $46,695 · management and general $6,671 · fundraising $13,341

  • 10 · Payroll taxes

    total $37,839 · program services $26,487 · management and general $3,784 · fundraising $7,568

  • 11b · Fees: legal

    total $1,008 · program services $0 · management and general $1,008 · fundraising $0

  • 11c · Fees: accounting

    total $24,666 · program services $0 · management and general $24,666 · fundraising $0

  • 12 · Advertising and promotion

    total $25,421 · program services $25,421 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $7,897 · program services $0 · management and general $7,897 · fundraising $0

  • 14 · Information technology

    total $43,603 · program services $43,603 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $93,197 · program services $65,238 · management and general $9,320 · fundraising $18,639

  • 17 · Travel

    total $41,491 · program services $38,322 · management and general $3,169 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $268,677 · program services $253,003 · management and general $14,599 · fundraising $1,075

  • 22 · Depreciation, depletion and amortization

    total $2,872 · program services $2,011 · management and general $287 · fundraising $574

  • 24a · Other expenses: AWARDS,RECOGNITION

    total $4,059 · program services $4,059 · management and general $0 · fundraising $0

  • 24b · Other expenses: MEMBERSHIP DUES

    total $1,575 · program services $1,575 · management and general $0 · fundraising $0

  • 24c · Other expenses: PUBLIC RELATIONS & MARKETING

    total $38,295 · program services $38,295 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $81,773 · program services $79,121 · management and general $884 · fundraising $1,768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $799,521 · end of year $942,698

  • 2 · Savings and temporary cash investments

    beginning of year $531,260 · end of year $537,054

  • 4 · Accounts receivable

    beginning of year $45,200 · end of year $85,093

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,136 · end of year $15,586

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

    $69,364

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

    $64,690

  • 10c · Land, buildings and equipment, net

    beginning of year $7,247 · end of year $4,674

  • 15 · Other assets

    end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,165 · end of year $52,908

  • 19 · Deferred revenue

    beginning of year $30,000 · end of year $45,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,238,199 · end of year $1,407,697

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $80,000

Mission and programs · 2022

Mission

CVMSDC Connects MBEs and Corporations to Drive Economic Growth

  • Added 12 New Corporate Members Added 84 New MBEs 3 Major Events 50th Anniversay of Commmunity Engagement Development Scholarships to 50 MBEs

    Expenses $945,680 · Revenue $881,648

As filed on the 2022 return.

Listed in Part VII

  • DOMINIQUE MILTON

    PRESIDENT & CEO

    Total calculated
    $141,539
    From this org
    $141,539
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DEBRA WHITE

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN WILKINS

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CATHY WILLIAMS

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • S DALLAS SIMMONS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANDREA HORNE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MATTEO DI MICHELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES W JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHIQUITA LLOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES HAMLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY KNIGHTON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DALLAS SIMMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLO WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TROY ROBERTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA BLAKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG LASKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISSA MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFERY SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA SABINE LIDL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTON GUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DERRICK JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DALLAS DANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RONALD HARVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TJ 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
5 November 2023
IRS schema version
2022v5.0
Source object
202333199349312928

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