Capital Region Minority Supplier Development Council Inc

Organization Overview

Capital Region Minority Supplier Development Council Inc is located in Silver Spring, MD. The organization was established in 1982. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Capital Region Minority Supplier Development Council Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Region 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 12/2023, Capital Region Minority Supplier Development Council Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

CAPITAL REGION MINORITY SUPPLIER DEVELOPMENT COUNCILS (THE COUNCIL) MISSION IS TO PROVIDE A DIRECT LINK BETWEEN CORPORATE AMERICA AND MINORITY-OWNED BUSINESSES FOR THE PURPOSE OF INCREASING PROCUREMENT OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CERTIFICATION & CORPORATE SERVICES. MBDA BUSINESS CENTER PROJECT MBDA FEDERAL PROCUEMENT CENTER PROJECT


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Board, Officers & Key Employees

Name (title)Compensation
Sharon Pinder
President & CEO
$160,000
Shakira Garcia
Board Chair
$0
Jimmy Rhee
Treasurer
$0
Tracey Edwards
Secretary
$0
Allison Kube
Special Advisor
$0
Anjali Ramakumaran
2nd Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $787,644
All other contributions, gifts, grants, and similar amounts not included above$39,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$827,144
Total Program Service Revenue$1,421,392
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 $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,480,051

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$2,663,412
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$2,480,051
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