Chicago Minority Supplier Development Council Inc

Organization Overview

Chicago Minority Supplier Development Council Inc is located in Chicago, IL. The organization was established in 1976. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Chicago Minority Supplier Development Council Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago 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, Chicago Minority Supplier Development Council Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 5.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INCREASE CORPORATE PROCUREMENT FOR THE MINORITY BUSINESS COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MBDA - TO PROVIDE OPPORTUNITY IDENTIFICATION SERVICES FOR CONTRACTS AND FINANCING THAT POSITIVELY IMPACTS THE BUSINESS AND OWNERSHIP OPPORTUNITIES FOR MINORITY BUSINESS ENTERPRISES.


ALL OTHER PROGRAMS


CBOF - TO INCREASE CORPORATE PROCUREMENT FOR THE MINORITY BUSINESS COMMUNITY. PROGRAM SERVICES ARE PROVIDED THROUGH OUT THE YEAR THROUGH VARIOUS TECHNICAL ASSISTANCE PARTNERSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Yvette Moten
Secretary
$0
Phil Barreda
Executive VP
$0
Mark Hands
Chairman
$0
Latonya Fourte Lyle
Vice Chairman
$0
Thomas Mcleary
Treasurer
$0
Bridget Carter
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,519,529
All other contributions, gifts, grants, and similar amounts not included above$2,251,088
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,770,617
Total Program Service Revenue$0
Investment income $438
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 $3,861,380

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Chicago Minority Supplier Development Council Inc has recieved totaling $35,000.

Awarding OrganizationAmount
National Minority Supplier Development Council Inc

New York, NY

PURPOSE: SUPPORT TO REGIONAL COUNCIL

$35,000
View Grant Recipient Profile

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