Form 990 for tax year 2024
Filed by NORTH CENTRAL MINORITY SUPPLIER DEV.
Totals
- Total revenue
- $1,317,371
- Total expenses
- $1,317,932
- Contributions and grants received
- $1,109,303
- Grants paid
- $0
- Program service revenue
- $206,728
- Investment income
- $1,340
- Other revenue
- $0
- Total assets, end of year
- $1,456,175
- Total liabilities, end of year
- $967,064
- Net assets or fund balances, end of year
- $489,111
- Program services expenses (Part IX)
- $707,976
- Management and general expenses
- $591,224
- Fundraising expenses
- $18,732
- Program service expenses (Part III)
- $707,976
Program services were 53.7% 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
$384,164
-
1f · All other contributions, gifts and grants
$725,139
-
2a · Program service revenue: CERTIFICATION
total $111,601 · related or exempt $111,601
-
2b · Program service revenue: EVENT INCOME
total $67,160 · related or exempt $67,160
-
2c · Program service revenue: SERVICES
total $24,662 · related or exempt $24,662
-
2d · Program service revenue: BUSINESS OPPORTUNITY
total $3,305 · related or exempt $3,305
-
3 · Investment income
total $1,340 · excluded $1,340
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $107,016 · program services $81,333 · management and general $22,473 · fundraising $3,210
-
7 · Other salaries and wages
total $468,140 · program services $356,045 · management and general $99,088 · fundraising $13,007
-
9 · Other employee benefits
total $31,311 · program services $20,152 · management and general $9,854 · fundraising $1,305
-
10 · Payroll taxes
total $43,049 · program services $32,761 · management and general $9,078 · fundraising $1,210
-
11b · Fees: legal
total $6,434 · management and general $6,434
-
11c · Fees: accounting
total $86,609 · management and general $86,609
-
11g · Fees: other
total $309,307 · program services $133,163 · management and general $176,144
-
12 · Advertising and promotion
total $23,797 · program services $5,933 · management and general $17,864
-
13 · Office expenses
total $13,418 · program services $3,982 · management and general $9,436
-
16 · Occupancy
total $20,600 · program services $11,600 · management and general $9,000
-
17 · Travel
total $47,995 · program services $23,395 · management and general $24,600
-
19 · Conferences, conventions and meetings
total $9,868 · program services $6,073 · management and general $3,795
-
22 · Depreciation, depletion and amortization
total $1,176 · management and general $1,176
-
23 · Insurance
total $3,242 · program services $250 · management and general $2,992
-
24a · Other expenses: EVENT EXPENSES
total $95,958 · program services $31,670 · management and general $64,288
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $21,450 · management and general $21,450
-
24c · Other expenses: BANK AND CREDIT CARD FE
total $18,671 · management and general $18,671
-
24d · Other expenses: COMMUNICATIONS EXPENSE
total $8,043 · management and general $8,043
-
24e · All other expenses
total $1,848 · program services $1,619 · management and general $229
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $740,689 · end of year $1,361,769
-
2 · Savings and temporary cash investments
beginning of year $21,076 · end of year $21,278
-
4 · Accounts receivable
beginning of year $162,508 · end of year $20,800
-
9 · Prepaid expenses and deferred charges
beginning of year $6,989 · end of year $47,410
-
10a · Land, buildings and equipment: cost or other basis
$68,805
-
10b · Land, buildings and equipment: accumulated depreciation
$65,387
-
10c · Land, buildings and equipment, net
beginning of year $842 · end of year $3,418
-
15 · Other assets
beginning of year $1,500 · end of year $1,500
-
17 · Accounts payable and accrued expenses
beginning of year $86,891 · end of year $116,082
-
19 · Deferred revenue
beginning of year $357,041 · end of year $850,982
-
27 · Net assets without donor restrictions
beginning of year $489,672 · end of year $489,111
Mission and programs · 2024
Mission
NCMSDC'S MISSION IS TO PROVIDE BUSINESS DEVELOPMENT SERVICES TO CORPORATE MEMBERS AND CERTIFIED MBES TO ENHANCE RELATIONSHIPS AND MAXIMIZE BUSINESS OPPORTUNITIES.
Activities or mission (Part I)
OUR MISSION IS TO ACCELERATE ECONOMIC GROWTH BY DRIVING OPPORTUNITIES AND COLLABORATION BETWEEN CORPORATIONS AND MINORITY BUSINESSES. AS ONE OF 23 REGIONAL AFFILIATES OF THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (NMSDC), WE FORM THE NATION'S MOST DYNAMIC NETWORK FOR FOSTERING SUCCESSFUL RELATIONSHIPS BETWEEN AMERICA'S TOP CORPORATIONS AND SUPPLY-CHAIN PROVIDERS FROM THE ASIAN, BLACK, HISPANIC, AND NATIVE AMERICAN COMMUNITIES. WE ENSURE A HIGH STANDARD OF EXCELLENCE THROUGH FOUR ESSENTIAL STEPS: CERTIFICATION, DEVELOPMENT, CONNECTION, AND ADVOCACY.
-
MBDA SUPPORTS AND PROMOTES THE GROWTH OF COMPETITIVE MINORITY BUSINESS ENTERPRISES.
Expenses $707,976 · Revenue $206,728
As filed on the 2024 return.
Listed in Part VII
-
Veronica JohnsonVERONICA JOHNSON
CHAIR/PART-YEAR PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Lorenzo BellLORENZO BELL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon PatelSHANNON PATEL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Natalie McGradyNATALIE MCGRADY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Edna AbernathyEDNA ABERNATHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jesus C SanchezJESUS C SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen ToblerKAREN TOBLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darren HarmonDARREN HARMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert KellyROBERT KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay ParkerJAY PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Prema PatilPREMA PATIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adonica RandallADONICA RANDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon SegalJON SEGAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Minoo SeifoddiniMINOO SEIFODDINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Damani ShortDAMANI SHORT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yolanda PiersonYOLANDA PIERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert SimpsonROBERT SIMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian MitchellBRIAN MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn MosbyCAROLYN MOSBY
PRESIDENT
- Total calculated
- $107,016
- From this org
- $106,940
- From related orgs
- $0
- Other
- $76
- Hours/week
- 60
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349307661
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