Tristate Minority Supplier Development Council Inc is located in Nashville, TN. The organization was established in 1984. 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 12/2021, Tristate Minority Supplier Development Council Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tristate 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, Tristate Minority Supplier Development Council Inc generated $763.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $504.0k 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
ADVANCEMENT OF ECOMONIC OPPORTUNITIES AND DEVELOPMENT PROGRAMS FOR ECONCOMICALLY DISADVANTATED BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCEMENT OF ECONOMIC OPPORTUNITIES AND DEVELOPMENT PROGRAMS FOR ECONOMICALLY DISADVANTAGED BUSINESSES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cheri K Henderson President & CEO | Officer | 40 | $159,120 |
Nicole Dunigan Treasurer | OfficerTrustee | 0 | $0 |
Stanford Williams Jr Chairman | Officer | 2 | $0 |
Richard Manson Legal Counsel | Officer | 5 | $0 |
Warren Sawyers Director | Trustee | 2 | $0 |
Kimberly Stagg Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $246,537 |
Fundraising events | $0 |
Related organizations | $338,915 |
Government grants | $117,905 |
All other contributions, gifts, grants, and similar amounts not included above | $10,499 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $713,856 |
Total Program Service Revenue | $38,496 |
Investment income | $2,002 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $8,634 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $762,988 |
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. | $233,376 |
Compensation of current officers, directors, key employees. | $74,256 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $18,238 |
Payroll taxes | $16,793 |
Fees for services: Management | $101,280 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $20,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,743 |
Advertising and promotion | $5,193 |
Office expenses | $42,439 |
Information technology | $1,904 |
Royalties | $0 |
Occupancy | $50,501 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,432 |
Insurance | $1,634 |
All other expenses | $3,777 |
Total functional expenses | $504,010 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,280,679 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $13,728 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $142,372 |
Total assets | $1,436,779 |
Accounts payable and accrued expenses | $9,514 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $123,558 |
Total liabilities | $133,072 |
Net assets without donor restrictions | $1,303,707 |
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 | $1,436,779 |
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