National Minority Supplier Development Council Business Conso

Organization Overview

National Minority Supplier Development Council Business Conso is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Minority Supplier Development Council Business Conso employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Minority Supplier Development Council Business Conso is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, National Minority Supplier Development Council Business Conso generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ACCESS TO CAPITAL TO NMSDC COUNCIL CERTIFIED MINORITY BUSINESS ENTRPRENEURS UNABLE TO SECURE FINANCING ON REASONABLE TERMS THROUGH TRADITIONAL LENDING CHANNELS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

A NONPROFIT LENDER THAT PROVIDES FINANCING TO CERTIFIED MINORITY-OWNED BUSINESSES THAT ENGAGE IN BUSINESS-RELATED ACTIVITY WITH CORPORATE MEMBERS OF THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL AND ITS AFFILIATED REGIONAL COUNCILS.


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Board, Officers & Key Employees

Name (title)Compensation
Sahra Halpern
President
$299,650
Jeffrey Underweiser
Secretary
$52,008
Natalie Mcgrady
Chairperson
$0
Clifford Bailey
Vice Chair
$0
Kris Oswold
Immediate Past Chair (to Nov '23)
$0
Jennifer Powers
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,409,150
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,409,150
Total Program Service Revenue$517,977
Investment income $95,661
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,022,788

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