Form 990 for tax year 2022
Filed by SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL.
Totals
- Total revenue
- $917,168
- Total expenses
- $756,890
- Contributions and grants received
- $917,036
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $132
- Other revenue
- $0
- Total assets, end of year
- $1,691,482
- Total liabilities, end of year
- $24,744
- Net assets or fund balances, end of year
- $1,666,738
- Program services expenses (Part IX)
- $395,017
- Management and general expenses
- $173,817
- Fundraising expenses
- $188,056
- Program service expenses (Part III)
- $395,017
Program services were 52.2% 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
$707,530
-
1c · Fundraising events
$197,075
-
1f · All other contributions, gifts and grants
$12,431
-
1g · Noncash contributions included above
$12,431
-
3 · Investment income
total $132 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$197,075
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $233,444 · program services $77,036 · management and general $77,037 · fundraising $79,371
-
7 · Other salaries and wages
total $252,556 · program services $142,965 · management and general $39,835 · fundraising $69,756
-
8 · Pension plan contributions
total $26,459 · program services $13,871 · management and general $6,287 · fundraising $6,301
-
9 · Other employee benefits
total $48,745 · program services $22,189 · management and general $17,418 · fundraising $9,138
-
10 · Payroll taxes
total $31,756 · program services $14,967 · management and general $7,186 · fundraising $9,603
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $15,865 · program services $0 · management and general $15,865 · fundraising $0
-
13 · Office expenses
total $4,043 · program services $3,374 · management and general $274 · fundraising $395
-
14 · Information technology
total $18,838 · program services $18,838 · management and general $0 · fundraising $0
-
16 · Occupancy
total $35,553 · program services $31,261 · management and general $2,992 · fundraising $1,300
-
17 · Travel
total $10,561 · program services $3,786 · management and general $250 · fundraising $6,525
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Payroll service
total $2,332 · program services $0 · management and general $2,332 · fundraising $0
-
24b · Other expenses: Audit
total $0 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Telephone/Long Distance
total $8,679 · program services $6,325 · management and general $1,177 · fundraising $1,177
-
24d · Other expenses: Postage & Shipping
total $624 · program services $20 · management and general $604 · fundraising $0
-
24e · All other expenses
total $67,435 · program services $60,385 · management and general $2,560 · fundraising $4,490
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,479,762 · end of year $1,671,482
-
4 · Accounts receivable
beginning of year $60,000 · end of year $20,000
-
17 · Accounts payable and accrued expenses
end of year $444
-
19 · Deferred revenue
beginning of year $73,300 · end of year $24,300
-
27 · Net assets without donor restrictions
beginning of year $1,466,462 · end of year $1,666,738
Mission and programs · 2022
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 (MBE's) 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 $395,017 · Revenue $957,168
As filed on the 2022 return.
Listed in Part VII
-
Reginald K Layton
Board Chair
- Total calculated
- $0
- Hours/week
- 6
-
Darlene Owens
Treasurer
- Total calculated
- $0
- Hours/week
- 6
-
David Feldman
Parlimentarian
- 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
-
Deborah Trevino
MBEIC Chair
- Total calculated
- $0
- Hours/week
- 4
-
Beatriz Fernandez
MBEIC Co-Chair
- Total calculated
- $0
- Hours/week
- 4
-
Kevin Jackson
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Karen Box
President/CEO
- Total calculated
- $233,444
- From this org
- $233,444
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,865
- Bonus
- $38,000
- Other
- $15,579
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $233,444
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
- 2022
- Filed
- 25 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311819349300521
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