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Nonprofiteer
← MICHIGAN MINORITY PURCHASING COUNCIL MMSDC

Form 990 for tax year 2024

Filed by MICHIGAN MINORITY PURCHASING COUNCIL MMSDC.

Totals

Total revenue
$5,361,699
Total expenses
$5,706,388
Contributions and grants received
$3,999,555
Grants paid
$0
Program service revenue
$792,333
Investment income
$827,047
Other revenue
-$257,236
Total assets, end of year
$5,557,827
Total liabilities, end of year
$3,945,272
Net assets or fund balances, end of year
$1,612,555
Program services expenses (Part IX)
$5,354,851
Management and general expenses
$301,199
Fundraising expenses
$50,338
Program service expenses (Part III)
$5,354,851

Program services were 93.8% 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

    $1,531,382

  • 1e · Government grants (contributions)

    $2,380,527

  • 1f · All other contributions, gifts and grants

    $87,646

  • 2a · Program service revenue: MMPC

    total $690,362 · related or exempt $690,362

  • 2b · Program service revenue: MISCELLANEOUS PROGRAMS

    total $101,971 · excluded $101,971

  • 3 · Investment income

    total $69,673 · excluded $69,673

  • 7a · Gross sales of assets other than inventory

    securities $823,525

  • 7b · Less cost or other basis and sales expenses

    securities $66,151

  • 7c · Gain or loss

    securities $757,374

  • 7d · Net gain or loss

    total $757,374 · excluded $757,374

  • 8a · Fundraising events: gross income

    $518,979

  • 8b · Fundraising events: direct expenses

    $776,215

  • 8c · Net income from fundraising events

    total -$257,236 · excluded -$257,236

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $902,556 · program services $864,663 · management and general $26,058 · fundraising $11,835

  • 7 · Other salaries and wages

    total $787,293 · program services $754,238 · management and general $22,731 · fundraising $10,324

  • 9 · Other employee benefits

    total $214,782 · program services $205,803 · management and general $6,174 · fundraising $2,805

  • 11a · Fees: management

    total $1,290,151 · program services $1,290,151

  • 11b · Fees: legal

    total $791,305 · program services $758,304 · management and general $33,001

  • 11c · Fees: accounting

    total $221,969 · program services $69,589 · management and general $152,380

  • 11d · Fees: lobbying

    total $54,000 · program services $54,000

  • 11g · Fees: other

    total $388,920 · program services $367,219 · management and general $13,660 · fundraising $8,041

  • 12 · Advertising and promotion

    total $239,476 · program services $239,340 · fundraising $136

  • 13 · Office expenses

    total $28,618 · program services $22,600 · management and general $3,921 · fundraising $2,097

  • 14 · Information technology

    total $155,399 · program services $155,399

  • 16 · Occupancy

    total $217,990 · program services $209,288 · management and general $5,984 · fundraising $2,718

  • 17 · Travel

    total $114,785 · program services $106,626 · management and general $4,886 · fundraising $3,273

  • 19 · Conferences, conventions and meetings

    total $37,011 · program services $15,052 · management and general $21,709 · fundraising $250

  • 20 · Interest

    total $21,014 · program services $19,963 · management and general $1,051

  • 22 · Depreciation, depletion and amortization

    total $3,943 · program services $3,652 · management and general $200 · fundraising $91

  • 23 · Insurance

    total $31,380 · program services $28,630 · management and general $1,891 · fundraising $859

  • 24a · Other expenses: BANK FEES

    total $55,011 · program services $50,028 · management and general $3,254 · fundraising $1,729

  • 24b · Other expenses: CERTIFICATION EXPENSE

    total $50,261 · program services $50,261

  • 24c · Other expenses: MISCELLANEOUS

    total $43,681 · program services $39,376 · management and general $2,632 · fundraising $1,673

  • 24d · Other expenses: TELEPHONE

    total $26,403 · program services $25,955 · fundraising $448

  • 24e · All other expenses

    total $30,440 · program services $24,714 · management and general $1,667 · fundraising $4,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $318,543 · end of year $1,308,154

  • 4 · Accounts receivable

    beginning of year $205,957 · end of year $345,142

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,841 · end of year $66,853

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

    $346,873

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

    $346,067

  • 10c · Land, buildings and equipment, net

    beginning of year $4,750 · end of year $806

  • 11 · Investments: publicly traded securities

    beginning of year $3,749,185 · end of year $2,172,703

  • 15 · Other assets

    beginning of year $304,699 · end of year $1,664,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,375,990 · end of year $966,179

  • 19 · Deferred revenue

    beginning of year $585,358 · end of year $568,376

  • 23 · Secured mortgages and notes payable

    end of year $744,575

  • 25 · Other liabilities

    beginning of year $287,674 · end of year $1,666,142

  • 27 · Net assets without donor restrictions

    beginning of year $1,179,979 · end of year $1,011,514

  • 28 · Net assets with donor restrictions

    beginning of year $1,229,974 · end of year $601,041

Mission and programs · 2024

Mission

THE MICHIGAN MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR SEDI BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS.

  • CUSTOMIZED MATCHMAKERS, BUSINESS NETWORKING FORUMS, TRADE FAIRSCONDUCT FORUMS THROUGHOUT THE YEAR PROVIDING OPPORTUNITIES FOR ENTREPRENEURS TO SHOWCASE THEIR PRODUCTS/SERVICES AND INTERACT WITH MAJOR CORPORATIONS AND GOVERNMENT AGENCIES IN AN EFFORT TO FACILITATE AND ENCOURAGE BUYER/VENDOR RELATIONSHIPS THAT RESULT IN BUSINESS GROWTH.IN A TYPICAL YEAR WE OFFER MORE THAN 200 SESSIONS FOR CORPORATE MEMBERS AND ENTREPRENEURS. COLLECTIVELY, WE SERVE OVER 11,000 PARTICIPANTS AND RECEIVE 90% SATISFACTION RATING FOR EACH SESSION. THE ECONOMIC IMPACT WAS $36 BILLION WITH 209,500 JOBS CREATED AND/OR RETAINED.

    Expenses $1,551,836 · Revenue $200,067

  • SEDI BUSINESS DEVELOPMENT/EDUCATIONAL PROGRAMMINGCONDUCT PROFESSIONAL DEVELOPMENT WORKSHOPS AND ONE-ON-ONE CONSULTATIONS THAT PROVIDE INFORMATION AIMED AT PROMPTING GROWTH AND STRENGTHENING COMPANIES THROUGH SKILL BUILDING, EFFICIENCY, QUALITY IMPROVEMENT, INDUSTRY PROGRAM DEVELOPMENT, AS WELL AS PERSONALIZED ASSISTANCE WITH FINANCIAL PACKAGES, VARIOUS CERTIFICATIONS AND GROWTH STRATEGIES.SERVE NEARLY 2,000 DISTINCT CORPORATE MEMBERS AND SEDI BUSINESSES THAT PARTICIPATED IN DEVELOPMENT AND NETWORKING EVENTS.

    Expenses $2,822,007 · Revenue $363,821

  • MINORITY BUSINESS ENTERPRISE (MBE) CERTIFICATIONCONDUCT PRE-CERTIFICATION AND ORIENTATION SESSION TO HELP NMSDC-QUALIFIED BUSINESSES UNDERSTAND THE BENEFITS AND PROCESS FOR CERTIFICATION.WE CERTIFY NEARLY 1,500 MINORITY BUSINESS ENTERPRISES (MBES) ON BEHALF OF A NATIONAL ORGANIZATION. WE ALSO CONDUCT 13 PRE-CERTIFICATION BRIEFINGS AND NEW MBE ORIENTATION SESSIONS.

    Expenses $702,020 · Revenue $90,506

  • HELD ANNUAL ACE AWARDS DINNER THAT HONORS ENTREPRENEURS AND CORPORATE MEMBERS IN INDUSTRY, GOVERNMENT AND EDUCATION FOR THEIR OUTSTANDING ACCOMPLISHMENTS. THIS ANNUAL EVENT ATTENDED BY APPROXIMATELY 800 PEOPLE INCREASES CORPORATE AWARENESS OF INCLUSIVE BUSINESS CAPABILITIES AND THEIR DIVERSE AREAS OF EXPERTISE. IT ALSO RECOGNIZES CORPORATE MEMBERS AND DIVERSE BUSINESSES FOR THEIR COMMITMENT AND ENCOURAGES MINORITY SUPPLIER DEVELOPMENT.ALSO, HOSTED THE ANNUAL MICHIGAN MINORITY PROCUREMENT CONFERENCE (MMPC), A 3 DAY EVENT, WHICH INCLUDES A TRADE SHOW, EDUCATIONAL AND MATCHMAKER SESSIONS, AND IS ATTENDED BY NEARLY 2,000 PEOPLE.

    Expenses $278,988 · Revenue $35,968

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KATHRYN MICHELLE SOURIE JOHNSON

    PRESIDENT/CEO

    Total calculated
    $401,051
    From this org
    $368,270
    From related orgs
    $0
    Other
    $32,781
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $298,447
    Bonus
    $69,823
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,781
    Filer's total
    $401,051

  • LIZ DOOR

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIM ROBERTS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JEFF MORRISON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR DUDLEY ESQ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SYLVESTER HESTER

    MBEIC CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARLO VITOUS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERESA LEFEVRE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR MCCLELLAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TRAVIS SPENCER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HELENA HUTTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT YOUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TANYA SKILTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CASSANDRA ALSTON-CHILDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHANI BURNLEY-HEMPHILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TRACY JOSHUA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HASS BEYDOUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CASSAUNDRA SIMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCUS LEWIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACQUIE MUNSON-GAINES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRUNO OLVERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAROLYN BUCKLES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RON SHAHANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LORI RUSH LANCASTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINZIE VENEGAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACQUELINE BURNLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MANUEL FERNANDEZ-GONZALEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VARCHASVI SHANKAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM GRICE

    VICE PRESIDENT & EXECUTIVE

    Total calculated
    $269,000
    From this org
    $248,477
    From related orgs
    $0
    Other
    $20,523
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $206,962
    Bonus
    $41,515
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,523
    Filer's total
    $269,000

  • TAMEKA WILLIAMSON

    VP, OPERATING EXCELLENCE

    Total calculated
    $177,331
    From this org
    $160,161
    From related orgs
    $0
    Other
    $17,170
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $148,097
    Bonus
    $12,064
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,170
    Filer's total
    $177,331

  • TERI BRADDOCK

    HEAD OF CERTIFICATION & MB

    Total calculated
    $155,793
    From this org
    $125,649
    From related orgs
    $0
    Other
    $30,144
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $119,529
    Bonus
    $6,120
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,144
    Filer's total
    $155,793

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 · 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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349300028

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