Eastern Minority Supplier Development Council
- Assets
- $556.6k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Philadelphia, PA
- Founding
- 01/1974
- Data as of
- 12/2023
- EIN
- 25-1236796
Organization Overview
Eastern Minority Supplier Development Council is located in Philadelphia, PA. The organization was established in 1974. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Eastern Minority Supplier Development Council employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Minority Supplier Development Council 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, Eastern Minority Supplier Development Council generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 7.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING BUSINESS OPPORTUNITIES FOR MINORITY-OWNED ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING BUSINESS OPPORTUNITIES FOR MINORITY OWNED ENTERPRISES BY CERTIFYING AND LINKING THEM TO CORPORATIONS AND PUBLIC AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian K Oglesby President & CEO | Officer | 40 | $143,462 |
Vernice Lewis Board Chair | Trustee | 1 | $0 |
Chuck Stefanosky Vice Chair | Trustee | 1 | $0 |
Colette Dechalus Lee Treasurer | OfficerTrustee | 1 | $0 |
Ron Baldwin Board Member | Trustee | 1 | $0 |
William Bowie Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,284,988 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,884,988 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $106,679 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,224,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $143,462 |
| Compensation of current officers, directors, key employees. | $53,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,429 |
| Pension plan accruals and contributions | $38,639 |
| Other employee benefits | $86,104 |
| Payroll taxes | $48,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,279 |
| Fees for services: Accounting | $16,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,517 |
| Advertising and promotion | $2,600 |
| Office expenses | $0 |
| Information technology | $28,333 |
| Royalties | $0 |
| Occupancy | $127,034 |
| Travel | $86,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,377 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,740 |
| All other expenses | $764,448 |
| Total functional expenses | $1,965,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,095 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,400 |
| 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 | $0 |
| Net Land, buildings, and equipment | $70,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,397 |
| Total assets | $556,556 |
| Accounts payable and accrued expenses | $101,619 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $701,350 |
| Other liabilities | $18,547 |
| Total liabilities | $821,516 |
| Net assets without donor restrictions | -$264,960 |
| Net assets with donor restrictions | $0 |
| 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 | $556,556 |