Northwest Minority Supplier Development Council

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 12/2021, 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 12/2021, Northwest Minority Supplier Development Council generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $723.8k during the year ending 12/2021. While expenses have increased by 2.4% 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

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.


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Board, Officers & Key Employees

Name (title)Compensation
Ffernando Martinez
President & CEO
$224,472
Angela Battle
Chairperson
$0
Carri Rpman
Vice Chairperso
$0
Carl Gipson
Treasurer
$0
Kate Kleyman
Secretary
$0
Shahzad Qadri
Mbeic Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$594,958
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$137,140
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$732,098
Total Program Service Revenue$414,093
Investment income $147
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $65,356
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,211,694

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Northwest Minority Supplier Development Council has recieved totaling $75,000.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$75,000
View Grant Recipient Profile

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