Eastern Minority Supplier Development Council
- Assets
- $581.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 01/1974
- Data as of
- 12/2021
- 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 12/2021, Eastern Minority Supplier Development Council employed 11 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 12/2021, Eastern Minority Supplier Development Council generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valarie J Cofield President/ceo | OfficerTrustee | 40 | $153,759 |
Tasha Y Brown Treasurer | OfficerTrustee | 1 | $0 |
L Jay Burks PHD Secretary | OfficerTrustee | 1 | $0 |
Vernice Lewis Board Chair | Trustee | 1 | $0 |
Reshma Moorthy Mbeic At-Large Member | Trustee | 1 | $0 |
Erik Meader Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,126,492 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,126,492 |
| 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 | $141,892 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,402,663 |
| 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. | $153,759 |
| Compensation of current officers, directors, key employees. | $61,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,398 |
| Pension plan accruals and contributions | $16,598 |
| Other employee benefits | $91,855 |
| Payroll taxes | $58,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44 |
| Fees for services: Accounting | $11,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,314 |
| Office expenses | $0 |
| Information technology | $36,369 |
| Royalties | $0 |
| Occupancy | $67,095 |
| Travel | $52,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,269 |
| Insurance | $7,789 |
| All other expenses | $250,254 |
| Total functional expenses | $1,445,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,417 |
| Savings and temporary cash investments | $288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,970 |
| 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 | $5,727 |
| Net Land, buildings, and equipment | $31,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,904 |
| Total assets | $581,725 |
| Accounts payable and accrued expenses | $96,311 |
| Grants payable | $0 |
| Deferred revenue | $100,933 |
| 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 | $743,709 |
| Other liabilities | $18,055 |
| Total liabilities | $959,008 |
| Net assets without donor restrictions | -$377,283 |
| 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 | $581,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eastern Minority Supplier Development Council has recieved totaling $9,500.
| Awarding Organization | Amount |
|---|---|
Upmc Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $9,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |