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Nonprofiteer
← THE PACIFIC SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL

Form 990 for tax year 2024

Filed by THE PACIFIC SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL.

Totals

Total revenue
$900,439
Total expenses
$1,046,714
Contributions and grants received
$141,216
Grants paid
$0
Program service revenue
$803,963
Investment income
$0
Other revenue
-$44,740
Total assets, end of year
$272,305
Total liabilities, end of year
$460,314
Net assets or fund balances, end of year
-$188,009
Program services expenses (Part IX)
$710,047
Management and general expenses
$179,202
Fundraising expenses
$157,465
Program service expenses (Part III)
$710,047

Program services were 67.8% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $90,347

  • 1c · Fundraising events

    $25,869

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $25,000

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Other Program Revenue

    total $422,682 · related or exempt $422,682 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MBE Certification Fees

    total $310,449 · related or exempt $310,449 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Business Conferences

    total $70,832 · related or exempt $70,832 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $25,869

  • 8b · Fundraising events: direct expenses

    $44,030

  • 8c · Net income from fundraising events

    total -$44,030 · unrelated business $0 · excluded -$44,030

  • 9a · Gaming: gross income

    $4,385

  • 9b · Gaming: direct expenses

    $5,095

  • 9c · Net income from gaming

    total -$710 · related or exempt -$710 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $159,907 · program services $103,940 · management and general $23,986 · fundraising $31,981

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $167,175 · program services $108,664 · management and general $25,076 · fundraising $33,435

  • 8 · Pension plan contributions

    total $1,490 · program services $969 · management and general $224 · fundraising $297

  • 9 · Other employee benefits

    total $25,144 · program services $16,344 · management and general $3,772 · fundraising $5,028

  • 10 · Payroll taxes

    total $22,271 · program services $14,476 · management and general $3,341 · fundraising $4,454

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $19,200 · program services $0 · management and general $19,200 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $9,975 · fundraising $9,975

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $137,746 · program services $90,121 · management and general $25,223 · fundraising $22,402

  • 12 · Advertising and promotion

    total $60,000 · program services $24,000 · management and general $24,000 · fundraising $12,000

  • 13 · Office expenses

    total $36,112 · program services $23,797 · management and general $7,205 · fundraising $5,110

  • 14 · Information technology

    total $65,513 · program services $47,730 · management and general $11,542 · fundraising $6,241

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $60,501 · program services $42,572 · management and general $7,703 · fundraising $10,226

  • 17 · Travel

    total $78,930 · program services $51,473 · management and general $11,865 · fundraising $15,592

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $177,080 · program services $177,080 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $15,521 · program services $0 · management and general $15,521 · fundraising $0

  • 23 · Insurance

    total $3,621 · program services $2,353 · management and general $544 · fundraising $724

  • 24a · Other expenses: Temporary Help

    total $6,528 · program services $6,528 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204,154 · end of year $52,500

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $22,880 · end of year $17,500

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,296 · end of year $22,500

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

    $80,109

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

    $41,946

  • 10c · Land, buildings and equipment, net

    beginning of year $47,514 · end of year $38,163

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $183,042 · end of year $136,468

  • 15 · Other assets

    beginning of year $5,174 · end of year $5,174

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,342 · end of year $102,933

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $212,872 · end of year $207,459

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $223,720 · end of year $149,922

  • 27 · Net assets without donor restrictions

    beginning of year -$64,874 · end of year -$188,009

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

PSWMSDC advances business opportunities for certified minority businesses enterprises and connects them to corporate and governmental entities.

  • PSWMSDC GENERATED 3500 MBE REFERRALS. THE 2024 RECERTIFICATION PERCENTAGE WAS 86%. WE HOSTED 60 EVENTS AND WORKSHOPS. WE HOSTED PROCUREMENT CONFERENCE & OPPORTUNITY FAIR MATCHMAKERS BUSINESS SUMMIT PACESETTER AWARDS AND ADDITIONAL EDUCATIONAL PROGRAMS IN ARIZONA AND SAN DIEGO. WE HIGHLIGHTED MBES AND HELPED THEM BUILD RELATIONSHIP WITH CORPORATION AND OTHER MBES. WE LAUNCHED AN OPPORTUNITY FOR MBES TO BE ENGAGED IN DAY ON CAPITAL HILL AND MEET WITH LEGISLATORS. WE PUBLISHED AN ECONOMIC IMPACT REPORT THAT CAN BE FOUND ON OUR WEBSITE. PROGRAMS AND EVENTS ATTENDANCE INCREASED BY 53%. THE CORPORATIONS AND MBES SPEND MORE THAN $206M IN DIVERSE SPEND WITH CERTIFIED MBES IN 2024.

    Expenses $710,047 · Revenue $803,963

As filed on the 2024 return.

Listed in Part VII

  • Summer Faussette

    Board Chairman

    Total calculated
    $0
    Hours/week
    5

  • Brandon Carson

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Todd Jackson

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Beverly Scott

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Ivan Garcia

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joanne Flores

    Director

    Total calculated
    $0
    Hours/week
    2

  • Vera Howell

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sibia Manzanarez

    Director

    Total calculated
    $0
    Hours/week
    2

  • Leslie Okamoto

    Director

    Total calculated
    $0
    Hours/week
    2

  • Chi Pak

    Director

    Total calculated
    $0
    Hours/week
    2

  • Cionte Prater

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michelle Thieken

    Director

    Total calculated
    $0
    Hours/week
    2

  • Geoff Thompson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joseph Trimble

    Director

    Total calculated
    $0
    Hours/week
    2

  • Andrew Volpendesta

    Director

    Total calculated
    $0
    Hours/week
    2

  • Patricia Crenshaw

    President CEO

    Total calculated
    $159,906
    From this org
    $143,279
    From related orgs
    $16,627
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,279 + $16,627 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $143,279 + $16,627 related

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
17 November 2025
IRS schema version
2024v5.1
Source object
202513219349317736

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