Form 990 for tax year 2023

Filed by NORTH CENTRAL MINORITY SUPPLIER DEV.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $2,086,637 changed to $1,186,059
Total expenses: $1,150,345 changed to $1,179,965
Contributions and grants received: $1,881,650 changed to $929,585
Program service revenue: $210,240 changed to $255,290
Other revenue: -$6,691 changed to -$254
Total assets, end of year: $1,577,513 changed to $933,604
Total liabilities, end of year: $157,643 changed to $443,932
Net assets or fund balances, end of year: $1,419,870 changed to $489,672
Program services expenses: $770,935 changed to $796,000
Management and general expenses: $366,730 changed to $371,004
Fundraising expenses: $12,680 changed to $12,961
Program service expenses (Part III): $770,935 changed to $796,000

Listed under a different title

Heather OlsonHEATHER OLSON: FORMER PRESIDENT/CEO then PRESIDENT/CEO

Totals

Total revenue: $1,186,059
Total expenses: $1,179,965
Contributions and grants received: $929,585
Grants paid: $0
Program service revenue: $255,290
Investment income: $1,438
Other revenue: -$254
Total assets, end of year: $933,604
Total liabilities, end of year: $443,932
Net assets or fund balances, end of year: $489,672
Program services expenses (Part IX): $796,000
Management and general expenses: $371,004
Fundraising expenses: $12,961
Program service expenses (Part III): $796,000

Program services were 67.5% 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

$665,385
1c · Fundraising events

$13,200
1f · All other contributions, gifts and grants

$251,000
1g · Noncash contributions included above

$1,000
2a · Program service revenue: EVENT INCOME

total $130,540 · related or exempt $130,540
2b · Program service revenue: CERTIFICATION

total $116,500 · related or exempt $116,500
2c · Program service revenue: BUSINESS OPPORTUNITIES

total $8,250 · related or exempt $8,250
3 · Investment income

total $1,438 · excluded $1,438
8a · Fundraising events: gross income

$13,265
8a · Fundraising events: contributions included on line 1c

$13,200
8b · Fundraising events: direct expenses

$20,891
8c · Net income from fundraising events

total -$7,626 · excluded -$7,626
11a · Other revenue: MISC REVENUE

total $7,372 · related or exempt $7,372
11e · Other revenue, total

$7,372

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $166,309 · program services $126,395 · management and general $34,925 · fundraising $4,989
7 · Other salaries and wages

total $192,899 · program services $146,604 · management and general $40,508 · fundraising $5,787
8 · Pension plan contributions

total $570 · program services $167 · management and general $396 · fundraising $7
9 · Other employee benefits

total $18,841 · program services $11,850 · management and general $6,523 · fundraising $468
10 · Payroll taxes

total $26,165 · program services $19,885 · management and general $5,495 · fundraising $785
11b · Fees: legal

total $14,593 · management and general $14,593
11c · Fees: accounting

total $42,496 · management and general $42,496
11g · Fees: other

total $484,914 · program services $362,998 · management and general $121,916
13 · Office expenses

total $6,714 · management and general $6,714
16 · Occupancy

total $30,832 · program services $23,432 · management and general $6,475 · fundraising $925
17 · Travel

total $29,824 · management and general $29,824
22 · Depreciation, depletion and amortization

total $2,262 · management and general $2,262
23 · Insurance

total $2,635 · management and general $2,635
24a · Other expenses: EVENT EXPENSES

total $104,669 · program services $104,669
24b · Other expenses: BANK AND CREDIT CARD FE

total $28,564 · management and general $28,564
24c · Other expenses: DUES AND SUBSCRIPTIONS

total $14,879 · management and general $14,879
24d · Other expenses: COMMUNICATIONS

total $10,475 · management and general $10,475
24e · All other expenses

total $2,324 · management and general $2,324

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $592,639 · end of year $740,689
2 · Savings and temporary cash investments

beginning of year $20,866 · end of year $21,076
4 · Accounts receivable

beginning of year $29,850 · end of year $162,508
9 · Prepaid expenses and deferred charges

beginning of year $14,349 · end of year $6,989
10a · Land, buildings and equipment: cost or other basis

$65,053
10b · Land, buildings and equipment: accumulated depreciation

$64,211
10c · Land, buildings and equipment, net

beginning of year $3,104 · end of year $842
15 · Other assets

beginning of year -$2,425 · end of year $1,500
17 · Accounts payable and accrued expenses

beginning of year $44,288 · end of year $86,891
19 · Deferred revenue

beginning of year $84,058 · end of year $357,041
25 · Other liabilities

beginning of year $46,459 · end of year $0
27 · Net assets without donor restrictions

beginning of year $483,578 · end of year $489,672

Mission and programs · 2023

Mission

NCMSDC'S MISSION IS TO PROVIDE BUSINESS DEVELOPMENT SERVICES TO CORPORATE MEMBERS AND CERTIFIED MBES TO ENHANCE RELATIONSHIPS AND MAXIMIZE BUSINESS OPPORTUITIES

Activities or mission (Part I)

SUPPORTING CORPORATE SUPPLIER DIVERSITY INITIATIVES AND GROWING MINORITY BUSINESS ENTERPRISES.

MBDA SUPPOORTS AND PROMOTES THE GROWTH OF COMPETITIVE MINORITY BUSINESS ENTERPRISES.

Expenses $796,000 · Revenue $262,662

As filed on the 2023 return.

Listed in Part VII

Carolyn MosbyCAROLYN MOSBY

PRESIDENT

Total calculated

$0

Hours/week

1
Veronica JohnsonVERONICA JOHNSON

BOARD CHAIR

Total calculated

$0

Hours/week

1
Lorenzo BellLORENZO BELL

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
Carolyn MosbyCAROLYN MOSBY

DIRECTOR

Total calculated

$0

Hours/week

1
Hector MartinezHECTOR MARTINEZ

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
Shannon PatelSHANNON PATEL

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
Robert SimpsonROBERT SIMPSON

DIRECTOR

Total calculated

$0

Hours/week

1
Brian MitchellBRIAN MITCHELL

DIRECTOR

Total calculated

$0

Hours/week

1
Yolanda PiersonYOLANDA PIERSON

DIRECTOR

Total calculated

$0

Hours/week

1
Heather OlsonHEATHER OLSON

PRESIDENT/CEO

Total calculated

$166,310

From this org

$148,741

From related orgs

$0

Other

$17,569

Hours/week

40

Schedule J breakdown matched by us

Base

$148,741

Bonus

$0

Other

$0

Deferred

$14,540

Nontaxable benefits

$3,029

Filer's total

$166,310

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

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: 15 November 2025
IRS schema version: 2023v6.0
Source object: 202513459349301001

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