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Nonprofiteer
← SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL

Form 990 for tax year 2023

Filed by SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL.

Totals

Total revenue
$1,207,973
Total expenses
$899,796
Contributions and grants received
$1,207,802
Grants paid
$0
Program service revenue
$0
Investment income
$171
Other revenue
$0
Total assets, end of year
$2,002,417
Total liabilities, end of year
$27,500
Net assets or fund balances, end of year
$1,974,917
Program services expenses (Part IX)
$468,164
Management and general expenses
$199,495
Fundraising expenses
$232,137
Program service expenses (Part III)
$468,164

Program services were 52.0% 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

    $898,391

  • 1c · Fundraising events

    $296,981

  • 1f · All other contributions, gifts and grants

    $12,430

  • 1g · Noncash contributions included above

    $12,431

  • 3 · Investment income

    total $171 · unrelated business $0 · excluded $0

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

    $296,981

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $207,531 · program services $68,522 · management and general $68,522 · fundraising $70,487

  • 7 · Other salaries and wages

    total $271,058 · program services $193,974 · management and general $39,347 · fundraising $37,737

  • 9 · Other employee benefits

    total $85,166 · program services $54,548 · management and general $15,618 · fundraising $15,000

  • 10 · Payroll taxes

    total $34,037 · program services $19,159 · management and general $7,569 · fundraising $7,309

  • 11c · Fees: accounting

    total $15,980 · program services $0 · management and general $15,980 · fundraising $0

  • 13 · Office expenses

    total $3,644 · program services $2,542 · management and general $244 · fundraising $858

  • 14 · Information technology

    total $19,925 · program services $19,925 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $5,622 · program services $1,300 · management and general $3,022 · fundraising $1,300

  • 17 · Travel

    total $59,324 · program services $29,811 · management and general $13,514 · fundraising $15,999

  • 22 · Depreciation, depletion and amortization

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

  • 24a · Other expenses: Payroll service

    total $4,719 · program services $0 · management and general $4,719 · fundraising $0

  • 24b · Other expenses: Audit

    total $28,103 · program services $0 · management and general $28,103 · fundraising $0

  • 24c · Other expenses: Telephone/Long Distance

    total $9,384 · program services $7,030 · management and general $1,177 · fundraising $1,177

  • 24d · Other expenses: Postage & Shipping

    total $1,030 · program services $579 · management and general $451 · fundraising $0

  • 24e · All other expenses

    total $154,273 · program services $70,774 · management and general $1,229 · fundraising $82,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,671,482 · end of year $1,932,188

  • 4 · Accounts receivable

    beginning of year $20,000 · end of year $70,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $444

  • 19 · Deferred revenue

    beginning of year $24,300 · end of year $27,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,666,738 · end of year $1,974,917

Mission and programs · 2023

Mission

To create opportunities and an an environment for minority enterprises to grow and to actively add value to corporate members through positive business relationships.

  • Minority Business Enterprises (MBEs) that have become certified through the the council are able to associate with over 400 Corporate and more than 543 MBEs. This association generates corporate and governmental contracts for goods and services. There were 4 sponsored events providing business interaction

    Expenses $468,164 · Revenue $296,981

As filed on the 2023 return.

Listed in Part VII

  • David Feldman

    Board Chair

    Total calculated
    $0
    Hours/week
    6

  • Darlene Owens

    Treasurer

    Total calculated
    $0
    Hours/week
    6

  • Nicole Navarro Velesiotis

    MBEIC Chair

    Total calculated
    $0
    Hours/week
    6

  • Todd Reed

    General Council

    Total calculated
    $0
    Hours/week
    6

  • Shawn Green

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Dusty Nimmo

    Board Member

    Total calculated
    $0
    Hours/week
    6

  • Tomo Iikubo

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Max Rutherford

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Carlos Dones

    Vice-Chair

    Total calculated
    $0
    Hours/week
    4

  • Debbie Trevino

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Kevin Jackson

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Karen Box

    President/CEO

    Total calculated
    $196,322
    From this org
    $196,322
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,822
    Bonus
    $0
    Other
    $9,500
    Deferred
    $11,209
    Nontaxable benefits
    $0
    Filer's total
    $207,531

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 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
2023
Filed
4 August 2024
IRS schema version
2023v5.1
Source object
202432429349300313

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