Mid-States Minority Supplier Development Council
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 35-1466848
Organization Overview
Mid-States Minority Supplier Development Council is located in Indianapolis, IN. The organization was established in 1980. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Mid-States Minority Supplier Development Council employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-States 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, Mid-States Minority Supplier Development Council generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $971.8k during the year ending 12/2021. 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
SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Mosby President | OfficerTrustee | 40 | $145,844 |
Dennis Truax Chair | OfficerTrustee | 0 | $0 |
Leviticous Cleveland Vice Chair | OfficerTrustee | 0 | $0 |
David Cook Treasurer | OfficerTrustee | 0 | $0 |
Kevin Token Sectretary | OfficerTrustee | 0 | $0 |
Nick Lunn Mbeic Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $142,283 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $919,316 |
| Total Program Service Revenue | $0 |
| Investment income | $139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,275 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $238,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,227,768 |
| 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. | $136,996 |
| Compensation of current officers, directors, key employees. | $89,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,059 |
| Pension plan accruals and contributions | $19,511 |
| Other employee benefits | $16,501 |
| Payroll taxes | $30,742 |
| Fees for services: Management | $11,305 |
| Fees for services: Legal | $517 |
| Fees for services: Accounting | $47,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,600 |
| Advertising and promotion | $6,235 |
| Office expenses | $80,191 |
| Information technology | $28,370 |
| Royalties | $0 |
| Occupancy | $31,807 |
| Travel | $6,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,751 |
| Insurance | $7,033 |
| All other expenses | $6,239 |
| Total functional expenses | $971,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,168 |
| 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 | $16,225 |
| Net Land, buildings, and equipment | $744,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,698,350 |
| Accounts payable and accrued expenses | $71,147 |
| Grants payable | $0 |
| Deferred revenue | $236,697 |
| 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 | $569,338 |
| Other liabilities | $0 |
| Total liabilities | $877,182 |
| Net assets without donor restrictions | $613,086 |
| Net assets with donor restrictions | $208,082 |
| 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 | $1,698,350 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mid-States Minority Supplier Development Council has recieved totaling $220,000.
| Awarding Organization | Amount |
|---|---|
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT MSDC'S ACCELERATE 100+ TRAINING PROGRAM THAT FOCUSES ON THE GROWTH AND DEVELOPMENT OF BLACK-OWNED BUSINESS OWNERS. | $175,000 |
National Minority Supplier Development Council Inc New York, NY PURPOSE: SUPPORT TO REGIONAL COUNCIL | $35,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Korean American Service And Education Consortium Inc Chicago, IL | $2,513,164 | $3,044,351 |
South Suburban Housing Center Homewood, IL | $1,073,106 | $883,884 |
Mid-States Minority Supplier Development Council Indianapolis, IN | $1,698,350 | $1,227,768 |
Changing Worlds Chicago, IL | $352,934 | $1,152,723 |
Forward Through Ferguson Saint Louis, MO | $989,725 | $1,022,722 |
Life After Hate Inc Wauwatosa, WI | $464,073 | $1,027,690 |
Blackroots Alliance Chicago, IL | $2,728,460 | $1,844,936 |
Springboard To Learning Inc St Louis, MO | $3,064,390 | $1,635,300 |
Metro Organization For Racial And Economic Equity Inc Kansas City, MO | $412,701 | $554,314 |
Louisville Youth Group Inc Louisville, KY | $140,177 | $389,637 |
Barnes & Thornburg Llp Racial And Social Justice Foundation Inc Indianapolis, IN | $17,917 | $291,684 |
Illinois Legislative Black Caucus Foundation Springfield, IL | $686,185 | $542,891 |