2021-11-09T16:49:06-06:00 2020-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2020-01-01 237348220 NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC NATI 2129442430 1359 BROADWAY NO 1000 NEW YORK NY 10018 YING MCGUIRE PRESIDENT 2129442430 2021-11-09 1 YING MCGUIRE 999009999 FREDERICK E DAVIS JR P00446023 2127094500 2021-11-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z YING MCGUIRE 1359 BROADWAY NO 1000 NEW YORK NY 10018 13801990 0 X WWW.NMSDC.ORG X 1973 IL THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. 43 43 28 43 0 0 2681360 2941589 13048750 10663796 217018 192810 -281148 3795 15665980 13801990 0 631861 0 0 2830928 3072096 0 0 130514 12715175 10156545 15546103 13860502 119877 -58512 11627864 11601102 4374682 4738307 7253182 6862795 X THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. 0 0 7033840 0 6983264 NETWORK DELIVERY SERVICES: MANAGES A NETWORK OF REGIONAL MINORITY SUPPLIER DEVELOPMENT COUNCILS, MONITORS THEIR ACTIVITIES, SERVICES AND UNIFORM STANDARD OF WORK. 980472 0 347270 ANNUAL CONFERENCE: EVALUATES ORGANIZATION'S PERFORMANCE, CONDUCTS WORKSHOPS AND SEMINARS FOR MINORITY SUPPLIERS AND CORPORATE MEMBERS. 894808 0 1960133 CORPORATE RELATIONS: PROVIDES TRAINING, NETWORKING AND REFERRAL OPPORTUNITIES TO MINORITY SUPPLIERS AND OTHER SERVICES TO CORPORATE MEMBERS. 1750224 631861 1376924 OTHER PROGRAM SERVICES INCLUDE: (1) BUSINESS OPPORTUNITY EXCHANGE - PROVIDES A FORUM FOR BUSINESS EXCHANGE BETWEEN CORPORATE BUYERS AND MINORITY SUPPLIERS; (2) LEARNING PROGRAMS - PROVIDES A LEARNING AND EDUCATIONAL PLATFORM FOR CORPORATE MEMBERS, MINORITY SUPPLIERS AND REGIONAL COUNCILS; (3) CORPORATE PLUS - PROVIDES CORPORATE MEMBERS WITH REFERRALS AND ACCESS TO THE LARGEST MINORITY-OWNED VENDORS IN THE COUNTRY WITH CAPACITY FOR SERVICING NATIONAL CONTRACTS; (4) CENTERS OF EXCELLENCE CERTIFICATE PROGRAM - PROVIDES A PLATFORM FOR MINORITY SUPPLIERS TO INCREASE BUSINESS CAPACITY AND MINORITY SUPPLIER PROGRAM DEVELOPMENT FOR CORPORATE MEMBERS; (5) PROGRAM DEVELOPMENT A PLATFORM FOR THE DEVELOPMENT OF NEW PROGRAMS TO ADDRESS GROWING NEEDS OF CONSTITUENT GROUPS; 1750224 631861 1376924 10659344 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 28 1 0 0 0 0 0 0 0 0 0 0 0 0 X 43 43 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IL NY X CASILDA DEL VALLE 2129442430 1359 BROADWAY SUITE 1000 NEW YORK NY 10018 CLIFFORD A BAILEY DIRECTOR 3.00 0.00 X 0 0 0 DAVID W BARFIELD DIRECTOR 1.00 0.00 X 0 0 0 ELEANOR BRADFORD DIRECTOR 1.00 0.00 X 0 0 0 KEITH BROWNING DIRECTOR 1.00 0.00 X 0 0 0 SHAWN BUCHANAN DIRECTOR 1.00 0.00 X 0 0 0 HARVEY BUTLER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL BYRON DIRECTOR 1.00 0.00 X 0 0 0 DEREK B CANTEY DIRECTOR 1.00 0.00 X 0 0 0 GABE CASTRO SECRETARY 3.00 0.00 X X 0 0 0 TIFFANY EUBANKS-SAUNDERS DIRECTOR 1.00 0.00 X 0 0 0 KALA GIBSON DIRECTOR 1.00 0.00 X 0 0 0 MIGUEL GONZALEZ DIRECTOR 1.00 0.00 X 0 0 0 CLINT W GRIMES TREASURER 3.00 0.00 X X 0 0 0 STEPHEN L HIGHTOWER DIRECTOR 1.00 0.00 X 0 0 0 I JAVETTE HINES DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL HOFFMAN DIRECTOR 1.00 0.00 X 0 0 0 JIM HOLLOWAY DIRECTOR 1.00 0.00 X 0 0 0 DEBRA JENNINGS-JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM KAPFER DIRECTOR 1.00 0.00 X 0 0 0 JOAN KERR DIRECTOR 1.00 0.00 X 0 0 0 STACEY KEY DIRECTOR 1.00 0.00 X 0 0 0 CHRIS LAYDEN DIRECTOR 1.00 0.00 X 0 0 0 REGINALD K LAYTON DIRECTOR 3.00 0.00 X 0 0 0 NANCY MCGUIRE DIRECTOR 1.00 0.00 X 0 0 0 DAVID MCMURRAY DIRECTOR 1.00 0.00 X 0 0 0 CAROLYN E MOSBY DIRECTOR 1.00 0.00 X 0 0 0 THOMAS NASH DIRECTOR 1.00 0.00 X 0 0 0 TANYA NIXON DIRECTOR 1.00 0.00 X 0 0 0 BRAD POMERLEAU DIRECTOR 1.00 0.00 X 0 0 0 TERRI QUINTON DIRECTOR 1.00 0.00 X 0 0 0 CRAIG REED DIRECTOR 1.00 0.00 X 0 0 0 LEON RICHARDSON DIRECTOR 1.00 0.00 X 0 0 0 GEORGE RICHTER DIRECTOR 1.00 0.00 X 0 0 0 RODERICK K RICKMAN DIRECTOR 1.00 0.00 X 0 0 0 FRANK SANDERS DIRECTOR 1.00 0.00 X 0 0 0 STAN SENA DIRECTOR 1.00 0.00 X 0 0 0 GUY SCHWEPPE VICE CHAIRMAN 3.00 0.00 X X 0 0 0 TERREZ THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY TOMCZAK DIRECTOR 1.00 0.00 X 0 0 0 JOSE TURKIENICZ CHAIRMAN 3.00 0.00 X X 0 0 0 JOHN VAZQUEZ DIRECTOR 1.00 0.00 X 0 0 0 HEATHER HERNDON WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 ADRIENNE TRIMBLE PRESIDENT 35.00 0.00 X X 0 0 0 CASILDA DEL VALLE SENIOR VICE PRESIDENT 35.00 0.00 X 266665 0 43562 PAULINE GEBON VICE PRESIDENT 35.00 0.00 X 155912 0 1400 MARIA PRINCE VICE PRESIDENT 35.00 0.00 X 189710 0 1778 TAMMY WILKINS VICE PRESIDENT 35.00 0.00 X 185834 0 15180 CHRISTINE NARINE DIRECTOR 35.00 0.00 X 120184 0 8928 MAUREEN SIMONETTE SENIOR DIRECTOR 35.00 0.00 X 112152 0 13877 1030457 0 84725 6 0 1 1 NIMBUS INC PO BOX 43911 LOUISVILLE KY 40253 CNSLT AC & MBDA BUY MBE DAY PROJECT 192000 AVOLIN LLC 401 CONGRESS AVE STE 2650 AUSTIN TX 78701 SOFTWARE 148974 ADAPTONE 6495 SHILOH ROAD ALPHARETTA GA 30005 SOFTWARE 133383 ASHAY MEDIA GROUP 159 20TH STREET SUITE 1B-34/38 BROOKLYN NY 11232 MARKETING & COMMS CONSULTANT 129640 HENRY CHILDS II 1315 W ST NW 532 WASHINGTON DC 20009 CONSULTANT TO THE PRESIDENT 128000 5 2941589 2941589 MEMBERSHIP DUES 813990 9248450 9248450 TRADE SHOW AND MEETING FEES 561920 486808 486808 REGISTRATION FEES AND TUITIONS 611430 106250 106250 822288 822288 10663796 192810 192810 OTHER REVENUE - MEMBER SERVICES 900099 3795 3795 3795 13801990 10667591 0 192810 631861 631861 459083 459083 2105315 1072997 926818 105500 80632 38052 39148 3432 263599 128818 123635 11146 163467 82624 72939 7904 1628680 1443339 185341 111019 48085 62934 64206 64206 3500 3500 137824 25300 110699 1825 24046 2120 21926 732577 732577 99598 22583 77015 69676 68745 931 6846230 6846230 216655 107303 109137 215 26835 26835 SOUVENIRS/PORTFOLIOS/ME 49129 49129 CREDIT CARD MERCHANT SE 32317 31558 759 NMBEIC OPPTY ACCELERATO 12630 12630 SECURITY 5361 5361 96262 44470 51300 492 13860502 10659344 3070644 130514 773767 678265 3868847 4720864 1668264 1390355 258919 118361 6262953 5961747 373374 301206 150154 217268 4356756 4001083 177783 173700 11627864 11601102 458189 1322161 1562468 1975255 2354025 1440891 4374682 4738307 X 7148182 6757795 105000 105000 7253182 6862795 11627864 11601102 -58512 -331875 0 X 0 1 X 1 0 X 2669708 3147371 2737247 2681360 2941589 14177275 2669708 3147371 2737247 2681360 2941589 14177275 220926 13956349 210872 242103 236964 217018 192810 1099767 29135 35529 45466 63388 3795 177313 15454355 64040516 0.90310 0.90100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1556588 35039 600000 991627 1511305 45283 1556588 1467286 44019 1511305 1424550 42736 1467286 1384230 40320 1424550 0.89920 0.10080 0 0 881761 845463 36298 4780669 4528626 252043 600523 587658 12865 301206 ANNUITIES 2732252 F CERTIFICATES OF DEPOSIT 158578 F REAL ESTATE INVESTMENT TRUSTS 1084331 F ARTWORK 25922 C 4001083 DEFERRED COMPENSATION 217268 DEFERRED RENT CREDITS 96723 DUE TO REGIONAL COUNCILS 760523 PAYCHECK PROTECTION PROGRAM LOAN 366377 1440891 X 13470115 -331875 -331875 13801990 0 13801990 13860502 0 13860502 0 13860502 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS REPRESENT THE JAMES H. O'NEAL/PEPSICO FOUNDATION/NMSDC ENDOWED SCHOLARSHIP FUND. THE INCOME EARNED WILL BE USED TO SUPPORT SCHOLARSHIPS FOR MINORITY BUSINESS OWNERS WHO PARTICIPATE IN THE ADVANCED MANAGEMENT EDUCATION PROGRAM. PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE UNCERTAIN TAX POSITIONS TAKEN BY THE COUNCIL. THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ARE RECOGNIZED WHEN THE POSITION IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS, TO BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT ANALYZED THE COUNCIL'S TAX POSITIONS, AND IT CONCLUDED THAT AS OF DECEMBER 31, 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE COUNCIL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE COUNCIL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2017. 1 PART I, LINE 2: NMSDC HAS AMPLIFIED OUR ADVOCACY FOR MINORITY BUSINESS DEVELOPMENT AND ECONOMIC INCLUSION. WE ARE LEVERAGING OUR FORUMS TO LISTEN TO MBES ABOUT THE OBSTACLES THEY FACE AND PROVIDE ACCESS TO SERVICES AND RESOURCES WHICH ADDRESS THESE CHALLENGES. OUR EFFORTS ARE INTENTIONAL AND POSITIONED TO GENERATE PARITY AND ECONOMIC INCLUSION WITHIN THE ALL-TOO OFTEN UNDERSERVED MINORITY BUSINESS COMMUNITY. IN RESPONSE TO NMSDC'S CORPORATE PARTNERS AND MBES ASKING HOW TO BEST ADDRESS THESE ISSUES, NMSDC HAS INVITED COMPANIES AND INDIVIDUALS TO SUPPORT OUR 2020 MBE RECOVERY & REVITALIZATION CAMPAIGN, FEATURING SEVERAL FINANCIAL, INVESTMENT, AND SUPPORTIVE RESOURCES. AS PART OF OUR FOUR-PRONGED INITIATIVE, THE REBUILDING FUND WAS LAUNCHED TO INVEST IN NMSDC CERTIFIED MINORITY BUSINESSES STRUGGLING TO RECOVER FROM THE ECONOMIC DOWNTURN DUE TO COVID-19 AND SOCIAL UNREST. THE REBUILDING FUNDS ARE INTENDED FOR STRUCTURAL REPAIRS, INVENTORY RECOVERY AND OTHER OPERATIONAL IMPROVEMENTS NEEDED AS A RESULT OF THE ECONOMIC DOWNTURN CAUSED BY COVID-19 AND/OR DAMAGE AND VANDALISM FROM RECENT SOCIAL UNREST. ELIGIBILITY CRITERIA - (1) NMSDC CERTIFIED MINORITY OWNED BUSINESSES CURRENT OR EXTENDED DUE TO COVID-19 (2) IN BUSINESS MORE THAN 2 YEARS (3) CLASS I AND CLASS II (OR BASED ON NEED DEMONSTRATED FOR MBES OUTSIDE OF CLASS I & II) THE REBUILDING FUND CONTRIBUTIONS COLLECTED IN 2020 WERE DISTRIBUTED TO THE MBE'S IN 2021. THE RECIPIENTS OF THE GRANTS ARE REQUIRED TO COMPLETE A FORM WITH REQUIRING DOCUMENTATION ON HOW THE GRANT WAS SPENT. NMSDC HAS ACCELERATED ITS WORK WITH ITS BUSINESS CONSORTIUM FUND, THE ONLY U.S. NON-PROFIT CDFI FOCUSED EXCLUSIVELY ON FINANCING THE GROWTH AND DEVELOPMENT OF NMSDC CERTIFIED MBES THROUGHOUT THE UNITED STATES OPERATING IN CORPORATE AND GOVERNMENT SUPPLY CHAINS AND HELPING RAISE CAPITAL FOR LOW INTEREST LOANS TO MBES. WITH ITT SUPPORT, NMSDC HAS BEEN FOCUSED ON RAMPING UP ACCESS TO LOANS AND FINANCING FOR CERTIFIED MBES. WE RAISED OVER $360,000 FROM CORPORATE MEMBERS DURING THE CAMPAIGN TO PROVIDE MICRO-LOANS TO CLASS I AND CLASS II MBES AND ARE FINALIZING DETAILS WITH BCF ON THE ROLL-OUT THESE LOANS THROUGH A STREAMLINED PROCESS. THE FUNDS TO BCF WILL BE DISTRIBUTED IN OCTOBER 2021 WHEN THE LOAN PROGRAM IS SCHEDULED TO LAUNCH. X X X 0 0 0 0 0 0 0 0 0 CASILDA DEL VALLE SENIOR VICE PRESIDENT 247700 0 17822 0 1143 0 37500 0 6062 0 310227 0 0 0 PAULINE GEBON VICE PRESIDENT 145138 0 10258 0 516 0 0 0 1400 0 157312 0 0 0 MARIA PRINCE VICE PRESIDENT 178222 0 10800 0 688 0 0 0 1778 0 191488 0 0 0 TAMMY WILKINS VICE PRESIDENT 172024 0 12950 0 860 0 12354 0 2826 0 201014 0 0 0 FORM 990, PART VII, SECTION A, LINE 5 NAME OF UNRELATED ORGANIZATION: TOYOTA MOTOR ENGINEERING & MANUFACTURING NORTH AMERICA, INC. TYPE OF COMPENSATION: SALARY AMOUNT: $150,000 THE PERSON WHO IS ENTITLE TO ACCRUED COMPENSATION: ADRIENNE TRIMBLE FORM 990, PART VI, SECTION A, LINE 6 NMSDC IS A MEMBERSHIP ORGANIZATION. CERTAIN FIRMS THAT DESIRE MEMBERSHIP IN THE ORGANIZATION ARE REQUIRED TO PAY ANNUAL MEMBERSHIP DUES IN AMOUNTS AS DETERMINED BY THE BOARD OF DIRECTORS. MEMBERS RECEIVED CERTIFICATION SERVICES, ELECTRONIC DATABASE ACCESS OF CERTIFIED MINORITY-OWNED COMPANIES, SUPPLIER DIVERSITY TRAINING AND SEMINARS, VENDOR REFERRAL SUPPORT AND MATCHMAKING OPPORTUNITIES AS WELL AS NETWORKING OPPORTUNITIES WITH THEIR CORPORATE PEERS TO EXCHANGE BEST PRACTICES AND PROMOTE ADVOCACY FOR MINORITY SUPPLIER DEVELOPMENT. DUES ARE ASSESSED FOR SERVICES PROVIDED; ACCORDINGLY, THEY ARE NOT TAX DEDUCTIBLE AS CONTRIBUTIONS AND ARE REPORTED AS PROGRAM INCOME ON FORM 990. FORM 990, PART VI, SECTION A, LINE 7A A MEETING OF MEMBERS IS HELD ANNUALLY BY NMSDC FOR THE PURPOSE OF REVIEWING THE NOMINATION OF MEMBERS TO THE BOARD OF DIRECTORS AND CONDUCTING THE ELECTION OF DIRECTORS. THE BOARD OF DIRECTORS ALSO MEETS ANNUALLY AND ELECTS THE OFFICERS: CHAIRMAN, VICE CHAIRMAN, SECRETARY, TREASURER AND PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B DIRECTOR OF FINANCE COMPLETES THE QUESTIONNAIRE PROVIDED BY PREPARER (MITCHELL & TITUS) FROM WHICH A DRAFT IS GENERATED. DRAFT IS SUBMITTED TO SR. VICE PRESIDENT AND CHIEF FINANCIAL OFFICER FOR REVIEW. ONCE THE REVIEW IS COMPLETED, THE FINAL FORM 990 IS PRESENTED TO THE PRESIDENT FOR HER REVIEW AND APPROVAL. A COPY IS FORWARDED TO THE CHAIRMAN OF THE AUDIT COMMITTEE FOR REVIEW AND COMMENT BY THE AUDIT COMMITTEE. THE E-FILING AUTHORIZATION IS PROVIDED TO MITCHELL AND TITUS TO SUBMIT THE FORM 990 ELECTRONICALLY. FORM 990 IS ALSO PROVIDED TO GUIDESTAR FOR LISTING IN THEIR WEBSITE AND IT IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DECLARATION OF CONFLICT OF INTEREST WAS INSTITUTED IN 2017 FOR BOARD MEMBERS TO DECLARE ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S PERFORMANCE AND COMPENSATION IS REVIEWED ANNUALLY BY A COMPENSATION COMMITTEE HEADED BY THE CHAIRMAN OF THE EXECUTIVE COMMITTEE. THE CHAIRMAN OF THE EXECUTIVE COMMITTEE AUTHORIZES THE TREASURER TO ISSUE WRITTEN NOTICE TO THE SR. VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF SALARY INCREASES AWARDED TO THE PRESIDENT. ANNUAL BONUSES (IF ANY) ARE ALSO AUTHORIZED BY THE CHAIRMAN OF THE EXECUTIVE COMMITTEE WITH INPUT FROM THE CHAIRMAN OF THE BOARD AND THE TREASURER AND CONFIRMED IN WRITING BY THE TREASURER. THE CHAIRMAN OF THE EXECUTIVE COMMITTEE THEN REVIEWS THE AWARD OF BONUSES WITH THE EXECUTIVE COMMITTEE. NMSDC'S PRESIDENT IS RESPONSIBLE FOR THE HIRING, MANAGEMENT AND SUPERVISION OF KEY EMPLOYEES. THE PRESIDENT IS RESPONSIBLE FOR EVALUATING KEY EMPLOYEE'S PERFORMANCE AND AUTHORIZES SALARY INCREASES. SALARY INCREASES GENERALLY FOLLOW ANNUAL INCREASES APPROVED BY THE EXECUTIVE COMMITTEE IN THE APPROVED BUDGET. SALARY INCREASES DUE TO PROMOTIONS FOLLOW GUIDELINES CONTAINED IN THE APPROVED BUDGET FOR SUCH POSITION. EXTERNAL COMPENSATION STUDIES, SUCH AS THOSE ISSUED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES, ARE USED TO ESTABLISH SALARY LEVELS. THE AWARD OF ANNUAL BONUSES, IF ANY, FOLLOW THE SAME APPROVAL PROCESS USED TO AWARD BONUSES TO THE PRESIDENT. THE DISTRIBUTION OF STAFF BONUSES ARE AT THE DISCRETION OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE INCORPORATED IN THE ORGANIZATION'S PUBLISHED ANNUAL REPORT WHICH IS DISSEMINATED TO MEMBERS, BOARD OF DIRECTORS AND REGIONAL COUNCILS. THROUGH A NETWORK DISTRIBUTION LIST, HUNDREDS OF COPIES OF THE ANNUAL REPORT ARE SENT TO THE REGIONAL COUNCILS FOR LOCAL DISSEMINATION. THE ANNUAL REPORT IS ALSO AVAILABLE ON NMSDC'S WEBSITE. COPIES OF NMSDC'S CERTIFIED FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS CONTAINED IN NMSDC'S EMPLOYEE HANDBOOK AND THE AFFILIATES OPERATING MANUAL. FORM 990 IS MADE AVAILABLE UPON REQUEST. NMSDC ENSURES THAT FORM 990 IS ALSO AVAILABLE VIA GUIDESTAR WEBSITE.