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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Yvette Moten Secretary | OfficerTrustee | 0 | $0 |
Phil Barreda Executive VP | OfficerTrustee | 40 | $0 |
Mark Hands Chairman | OfficerTrustee | 0 | $0 |
Latonya Fourte Lyle Vice Chairman | OfficerTrustee | 0 | $0 |
Thomas Mcleary Treasurer | OfficerTrustee | 0 | $0 |
Bridget Carter Director | Trustee | 0 | $0 |
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 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,326,215 |
Pension plan accruals and contributions | $41,987 |
Other employee benefits | $185,382 |
Payroll taxes | $111,732 |
Fees for services: Management | $0 |
Fees for services: Legal | $61,979 |
Fees for services: Accounting | $210,677 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $14,106 |
Advertising and promotion | $0 |
Office expenses | $93,363 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $166,042 |
Travel | $70,413 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $93,365 |
Interest | $2,833 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $129 |
Insurance | $28,143 |
All other expenses | $151,544 |
Total functional expenses | $4,471,131 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $425,846 |
Savings and temporary cash investments | $359,669 |
Pledges and grants receivable | $295,416 |
Accounts receivable, net | $0 |
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 | $54,057 |
Net Land, buildings, and equipment | $387 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $11,367 |
Total assets | $1,146,742 |
Accounts payable and accrued expenses | $131,318 |
Grants payable | $0 |
Deferred revenue | $79,000 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $210,318 |
Net assets without donor restrictions | $936,424 |
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 | $1,146,742 |
Over the last fiscal year, we have identified 1 grants that Chicago Minority Supplier Development Council Inc has recieved totaling $35,000.
Awarding Organization | Amount |
---|---|
National Minority Supplier Development Council Inc New York, NY PURPOSE: SUPPORT TO REGIONAL COUNCIL | $35,000 |
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Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
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Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
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American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
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Surplus Line Association Of Illinois Chicago, IL | $9,048,277 | $3,089,072 |
American Alliance Of Orthopaedic Executives Inc Indianapolis, IN | $1,277,728 | $2,372,301 |