Form 990 for tax year 2024
Filed by SOUTHERN CALIFORNIA MINORITY SUPPLIER DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $1,787,126
- Total expenses
- $1,737,966
- Contributions and grants received
- $559,811
- Grants paid
- $0
- Program service revenue
- $1,103,568
- Investment income
- $123,747
- Other revenue
- $0
- Total assets, end of year
- $4,467,533
- Total liabilities, end of year
- $403,839
- Net assets or fund balances, end of year
- $4,063,694
- Program services expenses (Part IX)
- $898,899
- Management and general expenses
- $347,757
- Fundraising expenses
- $491,310
- Program service expenses (Part III)
- $898,899
Program services were 51.7% 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
$180,498
-
1c · Fundraising events
$53,235
-
1f · All other contributions, gifts and grants
$326,078
-
2a · Program service revenue: MBE PROGRAM REVENUE
total $1,103,568 · related or exempt $1,103,568
-
3 · Investment income
total $106,879 · excluded $106,879
-
7a · Gross sales of assets other than inventory
securities $16,868
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $16,868
-
7d · Net gain or loss
total $16,868 · excluded $16,868
-
8a · Fundraising events: gross income
$149,274
-
8a · Fundraising events: contributions included on line 1c
$53,235
-
8b · Fundraising events: direct expenses
$149,274
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $169,294 · program services $75,234 · management and general $63,113 · fundraising $30,947
-
7 · Other salaries and wages
total $641,332 · program services $329,631 · management and general $84,352 · fundraising $227,349
-
9 · Other employee benefits
total $99,808 · program services $50,352 · management and general $16,413 · fundraising $33,043
-
10 · Payroll taxes
total $68,288 · program services $34,144 · management and general $12,292 · fundraising $21,852
-
11b · Fees: legal
total $14,256 · management and general $14,256
-
11c · Fees: accounting
total $136,328 · program services $68,164 · management and general $24,539 · fundraising $43,625
-
11f · Fees: investment management
total $15,995 · management and general $15,995
-
11g · Fees: other
total $248,943 · program services $169,511 · management and general $54,928 · fundraising $24,504
-
12 · Advertising and promotion
total $9,066 · program services $4,533 · management and general $1,632 · fundraising $2,901
-
13 · Office expenses
total $41,812 · program services $20,907 · management and general $7,526 · fundraising $13,379
-
16 · Occupancy
total $122,900 · program services $61,450 · management and general $22,122 · fundraising $39,328
-
17 · Travel
total $28,260 · program services $14,130 · management and general $5,087 · fundraising $9,043
-
19 · Conferences, conventions and meetings
total $9,396 · program services $4,698 · management and general $1,691 · fundraising $3,007
-
20 · Interest
total $22,598 · program services $11,299 · management and general $4,068 · fundraising $7,231
-
22 · Depreciation, depletion and amortization
total $16,069 · program services $8,035 · management and general $2,892 · fundraising $5,142
-
23 · Insurance
total $6,074 · program services $3,037 · management and general $1,093 · fundraising $1,944
-
24a · Other expenses: TAXES, LICENSES, AND FE
total $76,912 · program services $38,456 · management and general $13,844 · fundraising $24,612
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $10,466 · program services $5,233 · management and general $1,884 · fundraising $3,349
-
24c · Other expenses: STAFF DEVELOPMENT
total $129 · program services $65 · management and general $23 · fundraising $41
-
24d · Other expenses: MISCELLANEOUS
total $40 · program services $20 · management and general $7 · fundraising $13
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $385,914 · end of year $600,758
-
2 · Savings and temporary cash investments
beginning of year $1,467,301 · end of year $1,239,047
-
4 · Accounts receivable
beginning of year $196,160 · end of year $114,036
-
9 · Prepaid expenses and deferred charges
end of year $5,700
-
10a · Land, buildings and equipment: cost or other basis
$619,893
-
10b · Land, buildings and equipment: accumulated depreciation
$534,446
-
10c · Land, buildings and equipment, net
beginning of year $21,469 · end of year $85,447
-
11 · Investments: publicly traded securities
beginning of year $1,991,151 · end of year $2,268,713
-
15 · Other assets
beginning of year $49,489 · end of year $153,832
-
17 · Accounts payable and accrued expenses
beginning of year $161,897 · end of year $182,696
-
19 · Deferred revenue
beginning of year $81,249 · end of year $71,249
-
25 · Other liabilities
beginning of year $38,589 · end of year $149,894
-
27 · Net assets without donor restrictions
beginning of year $3,650,126 · end of year $3,832,339
-
28 · Net assets with donor restrictions
beginning of year $179,623 · end of year $231,355
Mission and programs · 2024
Mission
THE SOUTHERN CALIFORNIA MINORITY SUPPLIER DEVELOPMENT COUNCIL (SCMSDC) IS A NON-PROFIT, 501(C ) 3 ORGANIZATION COMMITTED TO DRIVING ECONOMIC GROWTH WITHIN ALL COMMUNITIES IN ITS SERVICE AREA SPANNING 13 CENTRAL AND SOUTHERN CALIFORNIA COUNTIES. THE SCMSDC IS IN THE BUSINESS OF GROWING AND DEVELOPING ENTREPRENEURS, AND FACILITATES OVER $40 BILLION ANNUALLY IN ECONOMIC OUTPUT EACH YEAR THROUGH 2,000 ENTREPRENEURIAL CLIENTS WHO EMPLOY AN ESTIMATED 300,000 EMPLOYEES ANNUALLY.
Activities or mission (Part I)
SOUTHERN CALIFORNIA MINORITY SUPPLIER DEVELOPMENT COUNCIL'S (SCMSDC) MISSION IS TO ADVANCE THE ECONOMIC DEVELOPMENT AND BUSINESS OPPORTUNITIES OF DIVERSE SUPPLIERS.
-
FOUNDED IN 1973, THE SCMSDC IS ONE OF 23 AFFILIATES OF THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (NMSDC), A NONPROFIT CORPORATE MEMBERSHIP ORGANIZATION THAT ADVANCES BUSINESS OPPORTUNITIES FOR ITS CERTIFIED BUSINESS ENTERPRISES AND CONNECTS THEM TO ITS CORPORATE MEMBERS. ONE OF THE NATION'S LEADING CORPORATE MEMBERSHIP ORGANIZATIONS, NMSDC WAS FOUNDED IN 1972 TO PROVIDE INCREASED PROCUREMENT AND BUSINESS OPPORTUNITIES FOR ITS CERTIFIED BUSINESS ENTERPRISES. SCMSDC SERVES OUR CORPORATE MEMBERS BY ENABLING THEM TO RETAIN STRONG, INNOVATIVE AND EFFICIENT SUPPLIERS TO FILL THE NEEDS OF THEIR SUPPLY CHAIN. IN DOING SO, SCMSDC ENABLES BUSINESSES TO GROW, INCREASE THEIR ABILITY TO HIRE MORE EMPLOYEES, AND CREATE WEALTH IN THEIR RESPECTIVE COMMUNITIES.
Expenses $898,899 · Revenue $1,103,568
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joe ChowJOE CHOW
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 6
-
Vicky Harper- HallVICKY HARPER- HALL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Michael CooperMICHAEL COOPER
TREASURER
- Total calculated
- $0
- Hours/week
- 8
-
Jinus MoghbeliJINUS MOGHBELI
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Flora MayerFLORA MAYER
SECRETARY
- Total calculated
- $0
- Hours/week
- 8
-
Virginia GomezVIRGINIA GOMEZ
PRESIDENT
- Total calculated
- $169,294
- From this org
- $169,294
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $161,242
- Bonus
- $0
- Other
- $8,052
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $169,294
-
Anita RonANITA RON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Aura McCracken-ByrdAURA MCCRACKEN-BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Chamberlain DuruCHAMBERLAIN DURU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Darretta WhitfieldDARRETTA WHITFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Christina TulfoCHRISTINA TULFO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Elizabeth MartinezELIZABETH MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joe BlackstoneJOE BLACKSTONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Kirby HaysKIRBY HAYS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Luis ArmonaLUIS ARMONA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Oscar OrozcoOSCAR OROZCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Tammy TranTAMMY TRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Vanessa TorresVANESSA TORRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 6
-
Richard HazelRICHARD HAZEL
VP OF EXTERNAL AFFAIRS
- Total calculated
- $131,822
- From this org
- $131,822
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Marlena G NantellMARLENA G NANTELL
VP OF OPERATIONS
- Total calculated
- $147,624
- From this org
- $147,624
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
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 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE COMPENSATION FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF SCMSDC WHICH INCLUDES SALARY INCREASES AND BONUSES.
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
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349325722
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