National Minority Supplier Development Council Inc
- Assets
- $14.2m
- Revenue
- $19.1m
- Investments
- $4.0m
- Employees
- 30
- Location
- New York, NY
- Founding
- 01/1974
- Data as of
- 12/2021
- EIN
- 23-7348220
Organization Overview
National Minority Supplier Development Council Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Minority Supplier Development Council Inc employed 30 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Minority Supplier Development Council Inc 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 12/2021, National Minority Supplier Development Council Inc generated $19.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $17.4m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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.
Since 2021, National Minority Supplier Development Council Inc has awarded 43 individual grants totaling $1,386,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIELD SERVICES: OVERSEES THE ACTIVITIES OF 23 AFFILIATED REGIONAL COUNCILS BY MONITORING THEIR ACTIVITIES AND SERVICE DELIVERY AND APPLICATION OF UNIFORM STANDARDS OF WORK.
ANNUAL CONFERENCE AND BOE: CONNECTS MINORITY SUPPLIERS AND CORPORATE MEMBERS TO INCREASE POTENTIAL FOR BUSINESS TRANSACTIONS, CONDUCTS EDUCATIONAL SESSIONS, WORKSHOPS, AND SEMINARS TO ENHANCE VENDOR CAPABILITIES AND SHARE SUPPLIER DIVERSITY BEST PRACTICES.
CORPORATE SUCCESS: HANDLES MEMBER RECRUITMENT AND RETENTION, PROVIDES CUSTOMER SERVICE AND SUPPORT TO MEMBERS, TRACKS SUPPLIER DIVERSITY BEST PRACTICES AS WELL AS PROCUREMENT OPPORTUNITIES FOR MINORITY VENDORS TO DO BUSINESS WITH CORPORATE MEMBERS.
OTHER PROGRAM SERVICES INCLUDE: (1) LEARNING PROGRAMS - PROVIDES A LEARNING AND EDUCATIONAL PLATFORM FOR CORPORATE MEMBERS, MINORITY SUPPLIERS AND REGIONAL COUNCILS; (2) CORPORATE PLUS - PROVIDES CORPORATE MEMBERS WITH REFERRALS AND ACCESS TO THE LARGEST MINORITY-OWNED VENDORS IN THE COUNTRY WITH CAPACITY FOR SERVICING NATIONAL CONTRACTS; (3) CENTERS OF EXCELLENCE CERTIFICATE PROGRAM - PROVIDES A PLATFORM FOR MINORITY SUPPLIERS TO INCREASE BUSINESS CAPACITY AND MINORITY SUPPLIER PROGRAM DEVELOPMENT FOR CORPORATE MEMBERS; (4) PROGRAM DEVELOPMENT A PLATFORM FOR THE DEVELOPMENT OF NEW PROGRAMS TO ADDRESS GROWING NEEDS OF CONSTITUENT GROUPS;
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casilda Del Valle Senior Vice President | Officer | 35 | $269,386 |
Pauline Gebon Vice President | 35 | $216,422 | |
Ying Mcguire President | OfficerTrustee | 35 | $198,477 |
Tammy Wilkins Vice President | 35 | $196,674 | |
Maria Prince Vice President | 35 | $153,957 | |
Christine Narine Director | 35 | $129,956 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adaptone Software Provider | 12/30/21 | $233,151 |
Ashay Media Group Marketing And Communication Services | 12/30/21 | $145,792 |
Avolin Software Provider | 12/30/21 | $185,322 |
Abcd & Company Llc Conference And Event Management | 12/30/21 | $110,930 |
Opensesame Inc Elearning Courses | 12/30/21 | $101,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $855,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,834,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,690,129 |
| Total Program Service Revenue | $14,225,326 |
| Investment income | $195,685 |
| 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 | $19,123,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,950,151 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $521,459 |
| Compensation of current officers, directors, key employees. | $521,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,337,899 |
| Pension plan accruals and contributions | $100,283 |
| Other employee benefits | $289,548 |
| Payroll taxes | $188,707 |
| Fees for services: Management | $1,961,729 |
| Fees for services: Legal | $79,734 |
| Fees for services: Accounting | $64,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $166,579 |
| Information technology | $22,060 |
| Royalties | $0 |
| Occupancy | $750,689 |
| Travel | $81,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,678 |
| Interest | $0 |
| Payments to affiliates | $8,436,289 |
| Depreciation, depletion, and amortization | $155,631 |
| Insurance | $0 |
| All other expenses | $143,232 |
| Total functional expenses | $17,354,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,932 |
| Savings and temporary cash investments | $7,789,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,014,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $313,206 |
| Net Land, buildings, and equipment | $265,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,974,285 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,787 |
| Total assets | $14,151,024 |
| Accounts payable and accrued expenses | $1,471,686 |
| Grants payable | $0 |
| Deferred revenue | $3,234,214 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $927,083 |
| Total liabilities | $5,632,983 |
| Net assets without donor restrictions | $8,413,041 |
| Net assets with donor restrictions | $105,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,151,024 |
Grants Awarded
Over the last fiscal year, National Minority Supplier Development Council Inc has awarded $1,386,000 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: WELLS FARGO OPEN FOR BUSINESS GRANT | $905,000 |
Atlanta, GA PURPOSE: SUPPORT TO REGIONAL COUNCIL | $35,000 |
Detroit, MI PURPOSE: SUPPORT TO REGIONAL COUNCIL | $35,000 |
Columbus, OH PURPOSE: SUPPORT TO REGIONAL COUNCIL | $35,000 |
Indianapolis, IN PURPOSE: SUPPORT TO REGIONAL COUNCIL | $35,000 |
Chicago, IL PURPOSE: SUPPORT TO REGIONAL COUNCIL | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Minority Supplier Development Council Inc has recieved totaling $79,200.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $44,200 |
Aarp Washington, DC PURPOSE: Sponsorship of conference and business opportunity exchange | $35,000 |
Endowment Analysis
| Beg. Balance | $991,627 |
| Earnings | $29,749 |
| Ending Balance | $1,021,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
American Friends Of Yagdil Torah Inc Lakewood, NJ | $434,654 | $3,850,627 |
International Society Of Aesthetic Plastic Surgery Mount Royal, NJ | $7,345,668 | $3,633,051 |