Mid-States Minority Supplier Development Council
- Assets
- $1.7m
- Revenue
- $884.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Indianapolis, IN
- Founding
- 09/1980
- Data as of
- 12/2022
- 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 12/2022, Mid-States Minority Supplier Development Council employed 2 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 12/2022, Mid-States Minority Supplier Development Council generated $884.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
2022
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 - Term Ended March 2022 | OfficerTrustee | 40 | $98,710 |
Dennis Truax Chair | OfficerTrustee | 1 | $0 |
Leviticous Cleveland Vice Chair | OfficerTrustee | 1 | $0 |
Kevin Token Sectretary | OfficerTrustee | 1 | $0 |
David Cook Treasurer | OfficerTrustee | 1 | $0 |
Nick Lunn Mbeic Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $109,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,972 |
| Total Program Service Revenue | $0 |
| Investment income | $263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,175 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $160,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $884,693 |
| 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. | $142,026 |
| Compensation of current officers, directors, key employees. | $87,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,222 |
| Pension plan accruals and contributions | $16,800 |
| Other employee benefits | $18,366 |
| Payroll taxes | $29,334 |
| Fees for services: Management | $53,920 |
| Fees for services: Legal | $7,661 |
| Fees for services: Accounting | $55,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,574 |
| Advertising and promotion | $5,470 |
| Office expenses | $62,189 |
| Information technology | $42,443 |
| Royalties | $0 |
| Occupancy | $28,638 |
| Travel | $19,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,751 |
| Insurance | $24,649 |
| All other expenses | $15,177 |
| Total functional expenses | $1,159,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $943,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,085 |
| 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 | $12,291 |
| Net Land, buildings, and equipment | $712,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,699,795 |
| Accounts payable and accrued expenses | $91,294 |
| Grants payable | $0 |
| Deferred revenue | $152,482 |
| 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 | $908,462 |
| Other liabilities | $0 |
| Total liabilities | $1,152,238 |
| Net assets without donor restrictions | $508,439 |
| Net assets with donor restrictions | $39,118 |
| 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 | $1,699,795 |