2024-11-13T07:31:53-06:00 2023-12-31 381910111 UHY ADVISORS GREAT LAKES INC 455 E EISENHOWER SUITE 102 ANN ARBOR MI 48108 990 2023-01-01 382292187 MICHIGAN MINORITY PURCHASING COUNCIL D/B/A MMSDC MICH 3138733200 100 RIVER PLACE 300 DETROIT MI 48207 MICHELLE SOURIE ROBINSON PRESIDENT / CEO 3138733200 2024-11-13 1 0 MICHAEL SANTICCHIA P00046899 7342131040 2024-11-13 2023 2024-10-15 13:58:12Z MICHELLE SOURIE ROBINSON 100 RIVER PLACE 300 DETROIT MI 48207 3934397 0 X WWW.MINORITYSUPPLIER.ORG X 1980 MI THE MICHIGAN MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. 25 25 21 117 0 0 4771237 2411589 660271 818234 188477 103453 -199250 94861 5420735 3428137 0 0 0 0 1773867 1917504 0 0 310650 3697194 4218079 5471061 6135583 -50326 -2707446 6546503 4658975 1861077 2249022 4685426 2409953 X THE MICHIGAN MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. 1 0 1606595 CUSTOMIZED MATCHMAKERS, BUSINESS NETWORKING FORUMS, TRADE FAIRS: CONDUCT FORUMS THROUGHOUT THE YEAR WHICH PROVIDE MINORITY OWNED BUSINESSES THE OPPORTUNITY TO SHOWCASE THEIR PRODUCTS/SERVICES AND INTERACT WITH MAJOR CORPORATIONS AND GOVERNMENT AGENCIES IN AN EFFORT TO FACILITATE AND ENCOURAGE BUYER/VENDOR RELATIONSHIPS THAT RESULT IN INCREASED BUSINESS OPPORTUNITIES FOR MINORITY-OWNED FIRMS. IN A TYPICAL YEAR WE OFFER MORE THAN 200 SESSIONS FOR CORPORATE MEMBERS AND MBES. COLLECTIVELY, WE SERVE OVER 11,000 PARTICIPANTS AND RECEIVE 90% SATISFACTION RATING FOR EACH SESSION. THE ECONOMIC IMPACT WAS $36 BILLION WITH 209,500 JOBS CREATED AND/OR RETAINED. 2921585 MINORITY BUSINESS DEVELOPMENT/EDUCATIONAL PROGRAMMING: CONDUCT PROFESSIONAL DEVELOPMENT WORKSHOPS AND ONE-ON-ONE CONSULTATIONS THAT PROVIDE INFORMATION AIMED AT PROMPTING GROWTH AND STRENGTHENING MEMBER COMPANY ORGANIZATIONS THROUGH SKILL BUILDING, EFFICIENCY, QUALITY IMPROVEMENT, INDUSTRY DIVERSIFICATION AND SUPPLIER DIVERSITY PROGRAM DEVELOPMENT, AS WELL AS PERSONALIZED ASSISTANCE WITH FINANCIAL PACKAGES, VARIOUS CERTIFICATIONS AND GROWTH STRATEGIES. SERVE NEARLY 2,000 DISTINCT CORPORATE MEMBERS AND MINORITY BUSINESSES THAT PARTICIPATED IN DEVELOPMENT AND NETWORKING EVENTS. 726792 MINORITY BUSINESS ENTERPRISE (MBE) CERTIFICATION: CONDUCT PRE-CERTIFICATION AND ORIENTATION SESSION TO HELP MINORITY BUSINESSES UNDERSTAND THE BENEFITS AND PROCESS FOR CERTIFICATION; UPON RECEIVING CERTIFICATION HELP BUSINESSES MAXIMIZE THEIR EXPERIENCE. WE CERTIFY MORE THAN 1,250 MINORITY BUSINESS ENTERPRISES (MBES). WE ALSO CONDUCT 13 PRE-CERTIFICATION BRIEFINGS AND NEW MBE ORIENTATION SESSIONS. 288832 HELD ANNUAL ACE AWARDS DINNER THAT HONORS MINORITY BUSINESSES AND CORPORATE MEMBERS IN INDUSTRY, GOVERNMENT AND EDUCATION FOR THEIR OUTSTANDING ACCOMPLISHMENTS IN SUPPLIER DIVERSITY. THIS ANNUAL EVENT ATTENDED BY APPROXIMATELY 800 PEOPLE INCREASES CORPORATE AWARENESS OF MINORITY BUSINESS CAPABILITIES AND THEIR DIVERSE AREAS OF EXPERTISE. IT ALSO RECOGNIZES CORPORATE MEMBERS AND MINORITY BUSINESSES FOR THEIR COMMITMENT TO SUPPLIER DIVERSITY AND ENCOURAGES MINORITY SUPPLIER DEVELOPMENT.ALSO, HOSTED THE ANNUAL MICHIGAN MINORITY PROCUREMENT CONFERENCE (MMPC), A 3 DAY EVENT, WHICH INCLUDES A TRADE SHOW, EDUCATIONAL AND MATCHMAKER SESSIONS, IS ATTENDED BY NEARLY 2,000 PEOPLE. 288832 5543804 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 21 1 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MI X ANNE MARIE SMITH 3138733200 100 RIVER PLACE SUITE 300 DETROIT MI 48207 ANDRA RUSH BOARD MEMBER 1.00 X 0 0 0 ARTHUR DUDLEY ESQ SECRETARY 1.00 X X 0 0 0 ARTHUR MCCLELLAN BOARD MEMBER 1.00 X 0 0 0 CARLA NEFF BOARD MEMBER 1.00 X 0 0 0 DANTE CROCKETT BOARD MEMBER 1.00 X 0 0 0 JEFF MORRISON VICE-CHAIRMAN 1.00 X X 0 0 0 JIM ROBERTS TREASURER 1.00 X X 0 0 0 KATHRYN MICHELLE SOURIE JOHNSON PRESIDENT/CEO 37.50 X X 345845 0 29865 LINZIE VENEGAS BOARD MEMBER 1.00 X 0 0 0 MARCUS LEWIS BOARD MEMBER 1.00 X 0 0 0 MARLO VITOUS BOARD MEMBER 1.00 X 0 0 0 RISHIE MODI BOARD MEMBER 1.00 X 0 0 0 ROBERT YOUNG CHAIR 1.00 X X 0 0 0 RON SHAHANI BOARD MEMBER 1.00 X 0 0 0 SYLVESTER HESTER MBEIC CHAIR 1.00 X X 0 0 0 TAMARA HICKS BOARD MEMBER 1.00 X 0 0 0 TEKISHA LEE BOARD MEMBER 1.00 X 0 0 0 TRACY JOSHUA BOARD MEMBER 1.00 X 0 0 0 TRAVIS SPENCER BOARD MEMBER 1.00 X 0 0 0 VARCHASVI SHANKAR BOARD MEMBER 1.00 X 0 0 0 TERESA LEFEVRE BOARD MEMBER 1.00 X 0 0 0 CASSANDRA ALSON-CHILDS BOARD MEMBER 1.00 X 0 0 0 HELENA HUTTON BOARD MEMBER 1.00 X 0 0 0 CASSAUNDRA SIMS BOARD MEMBER 1.00 X 0 0 0 BRUNO OLVERA BOARD MEMBER 1.00 X 0 0 0 MARK SHOWS HEAD OF STRATEGIC GROWTH 37.50 X 116549 0 0 TAMEKA WILLIAMSON VP, OPERATING EXCELLENCE 37.50 X 153194 0 9344 WILLIAM GRICE VICE PRESIDENT & EXECUTIVE 37.50 X 233371 0 22562 TERI BRADDOCK HEAD OF CERTIFICATION & MB 1.00 X 114504 0 26456 963463 0 88227 5 0 1 0 HONIGMAN LLP 2290 FIRST NATIONAL BUILDING 660 WO DETROIT MI 48226 ATTORNEY 1133604 GREENBERG TRAURIG LLP 3333 PIEDMONT RD NE SUITE 2500 ATLANTA GA 30305 ATTORNEY 715682 TALON CENTER OWNER LLC 26600 TELEGRAPH ROAD SUITE 200 BLOOMFIELD HILLS MI 48033 RENT/LANDLORD 224373 FINANCIAL ONE ACCOUNTING INC 44744 HELM STREET PLYMOUTH MI 48170 ACCOUNTING SERVICES 174673 DIVERSE CAPITAL SOLUTIONS LLC 4580 ROLLING RIDGE ROAD WEST BLOOMFIELD MI 48323 PROGRAM CONSULTANT 130550 9 1645703 500867 265019 2411589 MMPC 900099 655300 655300 MISCELLANEOUS PROGRAMS 561499 150934 150934 CHAIR'S SCHOLARSHIP 900099 12000 12000 818234 91833 91833 11620 0 11620 11620 11620 601121 506260 94861 94861 3428137 667300 0 349248 963462 922456 26445 14561 769562 736825 21106 11631 184480 177422 4551 2507 579734 579734 1976193 1946424 29769 198169 52341 145828 29371 27315 1469 587 361383 337548 23835 124437 124362 75 112628 108290 2797 1541 233512 224200 6001 3311 80369 75123 3336 1910 30295 19992 9782 521 13705 12791 589 325 20559 19126 924 509 FUNDRAISING EVENT EXPEN 260585 260585 BANK FEES 52746 49061 2376 1309 MISCELLANEOUS 46079 44589 961 529 CERTIFICATION EXPENSE 29533 29533 68781 56672 1360 10749 6135583 5543804 281129 310650 575752 318543 1347751 205957 57436 75841 375121 370371 18454 4750 4015666 3749185 531444 304699 6546503 4658975 600644 1375990 734704 585358 525729 287674 1861077 2249022 X 2542330 1179979 2143096 1229974 4685426 2409953 6546503 4658975 -2707446 431973 0 X X 0 1 X 1 0 X 2737315 2773675 3418634 4771237 2411589 16112450 807109 437425 1244534 3544424 3211100 3418634 4771237 2411589 17356984 0 0 0 17356984 77394 63037 142806 173750 91833 548820 77394 63037 142806 173750 91833 548820 3621818 3274137 3561440 4944987 2503422 17905804 0.96930 0.97040 0.03070 0.02960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30907 30305 602 217723 213575 4148 126491 126491 0 4750 ROU ASSET 286977 SECURITY DEPOSIT 17722 304699 OPERATING LEASE LIABILITY 287674 287674 X 4336999 431973 431973 3905026 29371 -506260 -476889 3428137 6612472 506260 506260 6106212 29371 29371 6135583 PART X, LINE 2: THE COUNCIL ADOPTED ASC GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO STEP PROCESS. A DETERMINATION IS FIRST MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED UPON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULTIMATE SETTLEMENT. AT DECEMBER 31, 2023 THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES DIRECTLY RELATED TO FUNDRAISING EVENTS -506,260. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES DIRECTLY RELATED TO FUNDRAISING EVENTS 506,260. X X X X MI ACE AWARDS 381993 381993 74715 52188 2150 216068 GOLF OUTING 219128 219128 27025 53364 80750 601121 601121 101740 105552 2150 296818 506260 94861 X X 0 0 0 0 0 0 0 0 0 KATHRYN MICHELLE SOURIE JOHNSON PRESIDENT/CEO 278836 0 67009 0 0 0 0 0 29865 0 375710 0 0 0 WILLIAM GRICE VICE PRESIDENT & EXECUTIVE 193871 0 39500 0 0 0 0 0 22562 0 255933 0 0 0 TAMEKA WILLIAMSON VP, OPERATING EXCELLENCE 135098 0 18096 0 0 0 0 0 9344 0 162538 0 0 0 FORM 990, PART III, LINE 2 MMSDC STARTED UP THE NEW STATE GRANT THROUGH MEDC (MICHIGAN ECONOMIC DEVELOPMENT CORPORATION) FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ORGANIZATION HAVE THE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY OR THEIR DELEGATES. FORM 990, PART VI, SECTION A, LINE 7A ANY ACTIVE MEMBER CAN PARTICIPATE IN THE ELECTION OF THE ORGANIZATION'S GOVERNING BODY AT LARGE WHEN VACANCIES ARISE OR EVERY YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE PRESIDENT/CEO AND THEN FORWARDED TO THE TREASURER FOR REVIEW AND COMMENT. THE 990 IS THEN PRESENTED TO THE EXECUTIVE FINANCE COMMITTEE OF THE BOARD AND AVAILABLE ON SITE FOR ALL TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEE ACTIVITY AND INTERACTION WITH MEMBERS, MBES AND OTHER BUSINESS ASSOCIATES ARE REGULARLY MONITORED DURING THE NORMAL COURSE OF BUSINESS BY MANAGEMENT. EMPLOYEE CONDUCT AND EXPECTATIONS ARE REVIEWED AND DISCUSSED AT STAFF MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS THE BOARD OF DIRECTORS FORMS A SUB-COMMITTEE TO REVIEW THE PERFORMANCE OF THE PRESIDENT/CEO AGAINST METRICS ESTABLISHED AT THE BEGINNING OF THE YEAR. THEY ALSO EVALUATE LEADERSHIP SKILLS THROUGH THE USE OF A LEADERSHIP SURVEY TOOL. THE SUB-COMMITTEE THEN PROVIDES A REPORT TO THE EXECUTIVE FINANCE COMMITTEE WHICH CONTAINS EVALUATION RESULTS, AS WELL AS SALARY RECOMMENDATION BASED ON A NON-PROFIT EXECUTIVE SALARY SURVEY FOR LIKE POSITIONS. THE EXECUTIVE FINANCE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C THE PROCESS FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR HAS NOT CHANGED DURING THE YEAR.