Totals
- Total revenue
- $2,179,489
- Total expenses
- $1,661,294
- Contributions and grants received
- $683,755
- Grants paid
- $0
- Program service revenue
- $1,120,734
- Investment income
- $3,344
- Other revenue
- $371,656
- Total assets, end of year
- $3,607,659
- Total liabilities, end of year
- $179,482
- Net assets or fund balances, end of year
- $3,428,177
- Program services expenses (Part IX)
- $542,386
- Management and general expenses
- $818,004
- Fundraising expenses
- $300,904
- Program service expenses (Part III)
- $542,386
Program services were 32.6% 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
$668,026
-
1f · All other contributions, gifts and grants
$15,729
-
1g · Noncash contributions included above
$15,729
-
2a · Program service revenue: FEES INCOME
total $608,206 · unrelated business $0 · excluded $0
-
2b · Program service revenue: SPECIAL EVENTS-PROGRAMATIC
total $269,225 · unrelated business $0 · excluded $0
-
2c · Program service revenue: SPECIAL EVENTS - OTHER
total $30,347 · unrelated business $0 · excluded $0
-
2d · Program service revenue: CONTRACT SERVICE INCOME
total $212,956 · unrelated business $0 · excluded $0
-
3 · Investment income
total $3,344 · unrelated business $0 · excluded $3,344
-
8a · Fundraising events: gross income
$219,346
-
8b · Fundraising events: direct expenses
$41,355
-
8c · Net income from fundraising events
total $177,991 · unrelated business $0 · excluded $177,991
-
11a · Other revenue: OTHER INCOME
total $20,835 · related or exempt $20,835 · unrelated business $0 · excluded $0
-
11b · Other revenue: TRADE-OUT INCOME
total $172,830 · related or exempt $172,830 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$193,665
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $300,445 · program services $60,089 · management and general $180,267 · fundraising $60,089
-
7 · Other salaries and wages
total $357,127 · program services $149,383 · management and general $151,297 · fundraising $56,447
-
8 · Pension plan contributions
total $16,884 · program services $7,961 · management and general $6,692 · fundraising $2,231
-
9 · Other employee benefits
total $51,244 · program services $10,932 · management and general $35,669 · fundraising $4,643
-
10 · Payroll taxes
total $44,045 · program services $15,130 · management and general $19,997 · fundraising $8,918
-
11a · Fees: management
total $213,753 · program services $66,610 · management and general $69,712 · fundraising $77,431
-
11b · Fees: legal
total $5,025 · program services $0 · management and general $5,025 · fundraising $0
-
11c · Fees: accounting
total $15,157 · program services $5,107 · management and general $10,050 · fundraising $0
-
12 · Advertising and promotion
total $53,235 · program services $11,121 · management and general $35,803 · fundraising $6,311
-
13 · Office expenses
total $40,237 · program services $27,238 · management and general $7,602 · fundraising $5,397
-
14 · Information technology
total $71,330 · program services $49,283 · management and general $18,678 · fundraising $3,369
-
16 · Occupancy
total $189,681 · program services $49,163 · management and general $121,507 · fundraising $19,011
-
17 · Travel
total $19,475 · program services $4,598 · management and general $13,132 · fundraising $1,745
-
19 · Conferences, conventions and meetings
total $51,095 · program services $41,373 · management and general $9,722 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $19,994 · program services $4,199 · management and general $13,596 · fundraising $2,199
-
23 · Insurance
total $10,779 · program services $1,806 · management and general $8,027 · fundraising $946
-
24a · Other expenses: PROCESSING FEES & CHARGES
total $42,291 · program services $8,707 · management and general $29,024 · fundraising $4,560
-
24b · Other expenses: AUDIO VIDEO PRODUCTION
total $32,033 · program services $9,665 · management and general $1,640 · fundraising $20,728
-
24c · Other expenses: PRINTING, GRAPHICS, PHOTOGRAPHY
total $24,026 · program services $4,611 · management and general $12,703 · fundraising $6,712
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $8,067 · program services $0 · management and general $8,067 · fundraising $0
-
24e · All other expenses
total $95,371 · program services $15,410 · management and general $59,794 · fundraising $20,167
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $836,309 · end of year $1,091,428
-
2 · Savings and temporary cash investments
beginning of year $1,721,249 · end of year $1,942,717
-
4 · Accounts receivable
beginning of year $67,526 · end of year $178,803
-
9 · Prepaid expenses and deferred charges
beginning of year $3,923 · end of year $11,215
-
10a · Land, buildings and equipment: cost or other basis
$660,736
-
10b · Land, buildings and equipment: accumulated depreciation
$278,000
-
10c · Land, buildings and equipment, net
beginning of year $402,730 · end of year $382,736
-
15 · Other assets
beginning of year $760 · end of year $760
-
17 · Accounts payable and accrued expenses
beginning of year $52,515 · end of year $91,482
-
19 · Deferred revenue
beginning of year $70,000 · end of year $88,000
-
27 · Net assets without donor restrictions
beginning of year $2,909,982 · end of year $3,428,177
Mission and programs · 2023
Mission
TO FOSTER AND EXPAND MUTUALLY BENEFICIAL ECONOMIC OPPORTUNITIES BETWEEN CERTIFIED MINORITY BUSINESS ENTERPRISES (MBEs) CORPORATIONS, AND GOVERNMENT ENTITIES WITHIN THE STATE OF GEORGIA; AND TO HELP BUILD A STRONGER,
-
BUSINESS OPPORTUNITY EXPO (BOE)- LARGEST TRADE SHOW OF ITS KIND IN THE STATE OF GEORGIA THAT OFFERS CONCENTRATED INTERACTION BETWEEN PROCUREMENT PROFESSIONALS AND ETHNIC MINORITY SUPPLIERS, STATE-OF-THE-ART DEVELOPMENT SESSIONS AND WORKSHOPS, MBE/CORPORATE MATCHING SESSIONS, INTERNATIONALLY KNOWN SPEAKERS AND EXPERTS AND AS BUSINESS MARKETING TRADE SHOW FLOOR OF HUNDREDS OF EXHIBITORS AND PARTICIPANTS.
Expenses $172,122 · Revenue $131,600
-
DEKALB LSBE - PROVIDES BACKEND SUPPORT TO THE CERTIFICATION AND COMPLIANCE ACTIVITIES GMSDC OFFERS TECHNOLOGY TO MOVE FROM PAPER TO ONLINE APPLICATIONS, PROVIDES 24/7 ACCESS TO THE LSBE DATABASE AND REPORTS AND DEVELOPS A COMPLIANCE PROCESS TO ENSURE APPROPRIATE USE OF LSBES ON DEKALB AWARDED CONTRACTS.
Expenses $170,047 · Revenue $212,956
-
GMSDC ACADEMY - THE WORKSHOP, TRAINING AND SKILL DEVELOPMENT SIDE OF THE ORGANIZATION. FOCUSED ON FULFILLING THE DEVELOP PHASE OF THE ORGANIZTIONS MISSION, THE ACADEMY HOUSES ALL OF THE TRAINING AND EDUCATION PROGRAMS OFFERED DURING THE YEAR FOR MINORITY BUSINESS ENTERPRISE FIRMS TO CLOSE ANY SKILL GAPS THAT EXIST AND ENHANCE THEIR CHANCES FOR WINNING CONTRACTS IN CORPORATE SUPPLY CHAINS.
Expenses $121,078 · Revenue $22,500
-
MINORITY BUSINESS SUMMIT, MBEIC, INDUSTRY GROUP
Expenses $79,139 · Revenue $115,125
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Douglas BurrellDOUGLAS BURRELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tremese DavisTREMESE DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nedra DicksonNEDRA DICKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracey GraceTRACEY GRACE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christi JordanCHRISTI JORDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Raven SmithRAVEN SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dan McNallyDAN MCNALLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David BraxtonDAVID BRAXTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Valerie NesbittVALERIE NESBITT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lauren CostleyLAUREN COSTLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken TauntonKEN TAUNTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jack McPhersonJACK MCPHERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Fernando HernandezFERNANDO HERNANDEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Keith AmbersleyKEITH AMBERSLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Clovice VaughnCLOVICE VAUGHN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Wassel LewisWASSEL LEWIS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Vicki Irwin-AveryVICKI IRWIN-AVERY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Stacey KeySTACEY KEY
PRESIDENT & CEO
- Total calculated
- $308,263
- From this org
- $275,836
- From related orgs
- $0
- Other
- $32,427
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $190,676
- Bonus
- $88,497
- Other
- $0
- Deferred
- $11,154
- Nontaxable benefits
- $21,273
- Filer's total
- $311,600
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
None.
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NAT'L MINORITY SUPPLIER DEVEL COUNCIL
501(C)3 · MINORITY SUPPLIER NETWORKING · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349311675
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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