Northwest Minority Supplier Development Council
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $43.2k
- Employees
- 5
- Location
- Tukwila, WA
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 91-1199237
Organization Overview
Northwest Minority Supplier Development Council is located in Tukwila, WA. The organization was established in 1995. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Northwest Minority Supplier Development Council employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest 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, Northwest Minority Supplier Development Council generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IDENTIFY AND DEVELOP EDUCATIONAL AND BUSINESS OPPORTUNITIES FOR MINORITY BUSINESS ENTERPRISES (MBES), CORPORATIONS, AND PUBLIC AGENCIES THAT RESULT IN STAKEHOLDER REVENUE GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAMS - EXPAND BUSINESS OPPORTUNITIES TO MINORITY FIRMS, ENCOURAGE MUTUALLY BENEFICIAL ECONOMIC LINKS BETWEEN MINORITY SUPPLIERS AND THE PUBLIC AND PRIVATE SECTORS, AND PROMOTE MINORITY BUSINESS DEVELOPEMENT.
OUTREACH - CONDUCTED MEMBERSHIP RECRUITMENT THROUGH TRADESHOWS, BUYER TOWN MEETINGS, NATIONAL CONFERENCE, QUARTERLY NEWSLETTER, INTERNET MARKETING OPPORTUNITIES AND SEMINARS.
ADVOCACY - HELD MONTHLY NETWORKING LUNCHEONS WITH GUEST SPEAKERS AND PANELIST DISCUSSIONS REGARDING PERTINENT BUSINESS DEVELOPEMENT ISSUES AND PROGRAMS. DEVELOPED MENTOR-PROTEGE PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fernando Martinez Former Ed | Officer | 40 | $254,875 |
Josh Canady Vice Chair | OfficerTrustee | 1 | $0 |
Rocky Fong Treasurer | OfficerTrustee | 1 | $0 |
Kate Kleyman Mbeic Chairman | OfficerTrustee | 1 | $0 |
Shahzad Qadri Secretary | Trustee | 1 | $0 |
Carl Gipson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $564,135 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $766,227 |
| Total Program Service Revenue | $499,707 |
| Investment income | -$318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,298,704 |
| 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. | $254,875 |
| Compensation of current officers, directors, key employees. | $11,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,495 |
| Payroll taxes | $45,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,403 |
| Travel | $23,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,470 |
| Insurance | $7,488 |
| All other expenses | $36,873 |
| Total functional expenses | $1,007,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $855,529 |
| Savings and temporary cash investments | $477,253 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,442 |
| 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 | $17,978 |
| Net Land, buildings, and equipment | $17,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $43,232 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,740 |
| Total assets | $1,758,750 |
| Accounts payable and accrued expenses | $85,167 |
| Grants payable | $0 |
| Deferred revenue | $135,400 |
| 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 | $12,036 |
| Other liabilities | $112,112 |
| Total liabilities | $344,715 |
| Net assets without donor restrictions | $1,414,035 |
| 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 | $1,758,750 |