Western Regional Minority Supplier Development Council
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Oakland, CA
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 94-2416322
Organization Overview
Western Regional Minority Supplier Development Council is located in Oakland, CA. The organization was established in 1977. 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, Western Regional Minority Supplier Development Council employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Regional 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, Western Regional Minority Supplier Development Council generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 7.0% 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 PROMOTE INCREASED PROCUREMENT AND BUSINESS OPPORTUNITIES FOR MINORITY BUSINESSES, AND TO DEVELOP MUTUALLY BENEFICIAL BUSINESS RELATIONSHIPS BETWEEN PUBLIC AND PRIVATE SECTORS AND MBES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MBE CERTIFICATION: REVIEW PROCESS USED TO DETERMINE IF A BUSINESS IS ELIGIBLE FOR CERTIFIED MBE STATUS. CERTIFICATION PROVIDES CORPORATE BUYERS WITH THE ASSURANCE THEY SEEK IN IDENTIFYING U.S. QUALIFIED BUSINESSES THAT ARE CONTROLLED AND OPERATED BY AN ETHNIC MINORITY INDIVIDUAL.
EVENTS: WRMSDC HOSTS A VARIETY OF EVENTS FOR OUR CORPORATE MEMBERS AND CERTIFIED MINORITY BUSINESS ENTERPRISES (MBES). THESE EVENTS PROVIDE AN EXCELLENT FORUM FOR OUR MBES TO MEET, NETWORK AND CONNECT WITH OTHER MBES AND CORPORATIONS, AS WELL AS RECEIVE VALUABLE TRAINING & DEVELOPMENT TO GROW THEIR BUSINESSES AND BUILD THE SKILLS AND CAPABILITIES NEEDED TO MEET THE NEEDS OF OUR CORPORATE MEMBERS.
ANNUAL MINORITY BUSINESS OPPORTUNITY EXPO: THE EXPO PROVIDES A DYNAMIC FORUM FOR MBES TO NETWORK, LEARN, AND MARKET THEIR CAPABILITES TO OUR CORPORATE MEMBERS. THE CORPORATE MEMBERS HOST CATEGORY/INDUSTRY SPECIFIC BREAKOUT ROOMS TO PROVIDE OVERVIEWS ON BUSINESS OPPORTUNITIES, ENGAGEMENT AND ADDRESS QUESTIONS FROM MBES. ADDITIONALLY, ALL PARTICIPANTS HAVE ACCESS TO HEAR FROM INDUSTRY EXPERTS ON BEST PRACTICES WITHIN THE MARKET AS WELL AS EXPOSURE TO DEVELOPMENT TRAINING, AND PARTICIPATE IN STRATEGIC PRE-SCREENED ONE ON ONE MATCHMAKING SESSIONS WHICH MAKES FOR AN OUTSTANDING BUSINESS OPPORTUNITY EVENT.
OTHER PROGRAM SERVICES INCLUDE OUTREACH, MINORITY BUSINESS ENTERPRISE INPUT COMMITTE (MBEIC), TRAINING AND NATIONAL.
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 |
|---|---|---|---|
Cecil Plummer President/ceo | OfficerTrustee | 40 | $265,610 |
Michael Mcquarry VP Of Operations & Corp Services | 40 | $159,932 | |
Christine Garcia VP Of Program Development & Minority | 40 | $135,842 | |
Rose Davis Director Of Corporate Svcs & Mbe Dev | 40 | $101,861 | |
Tanya Nixon Board Chair | OfficerTrustee | 1 | $0 |
Kathleen Trimble Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $629,712 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,369 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,531,595 |
| Total Program Service Revenue | $573,144 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $210,199 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,319,287 |
| 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. | $265,610 |
| Compensation of current officers, directors, key employees. | $84,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $675,507 |
| Pension plan accruals and contributions | $27,567 |
| Other employee benefits | $58,491 |
| Payroll taxes | $82,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $25,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,610 |
| Advertising and promotion | $84,200 |
| Office expenses | $13,621 |
| Information technology | $33,527 |
| Royalties | $0 |
| Occupancy | $75,945 |
| Travel | $5,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,619 |
| Interest | $25 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,058 |
| Insurance | $2,998 |
| All other expenses | $20,907 |
| Total functional expenses | $1,710,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $754,571 |
| Savings and temporary cash investments | $817,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,580 |
| 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 | $6,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,103 |
| Total assets | $1,859,925 |
| Accounts payable and accrued expenses | $154,368 |
| 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 | $0 |
| Total liabilities | $154,368 |
| Net assets without donor restrictions | $913,277 |
| Net assets with donor restrictions | $792,280 |
| 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 | $1,859,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |