2020-11-15T19:19:09-06:00 2019-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32 FL NEW YORK NY 10005 990 2019-01-01 237348220 NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC NATI 2129442430 1359 BROADWAY NO 1000 NEW YORK NY 10018 ADRIENNE TRIMBLE PRESIDENT 2129442430 2020-11-15 1 FREDERICK E DAVIS JR P00446023 2127094500 2020-11-15 108.27.214.142 2020-11-15 19:18:07 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A344DD58239D8D08B4451429FA5BBA314E8BA6B5 2019 2021-01-29 14:40:06Z ADRIENNE TRIMBLE 1359 BROADWAY NO 1000 NEW YORK NY 10018 16208741 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. 47 47 28 633 0 0 2737247 2681360 12492061 13048750 236964 217018 -325289 -281148 15140983 15665980 0 0 0 0 2461476 2830928 0 0 140659 12560400 12715175 15021876 15546103 119107 119877 11232589 11627864 4026074 4374682 7206515 7253182 X THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. 0 0 7156794 0 6715602 NETWORK DELIVERY SERVICES: MANAGES A NETWORK OF REGIONAL MINORITY SUPPLIER DEVELOPMENT COUNCILS, MONITORS THEIR ACTIVITIES, SERVICES AND UNIFORM STANDARD OF WORK. 3422091 0 2576783 ANNUAL CONFERENCE: EVALUATES ORGANIZATION'S PERFORMANCE, CONDUCTS WORKSHOPS AND SEMINARS FOR MINORITY SUPPLIERS AND CORPORATE MEMBERS. 980686 0 1828615 CORPORATE RELATIONS: PROVIDES TRAINING, NETWORKING AND REFERRAL OPPORTUNITIES TO MINORITY SUPPLIERS AND OTHER SERVICES TO CORPORATE MEMBERS. 602738 0 1991138 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; (6) MBDA CONTRACT - MBDA PROVIDED A CONTRACT EXTENSION (TO THE 2018 CONTRACT) ADDING $100,000 FOR GOVERNMENT SPONSORSHIP FOR THE 2019 CONFERENCE AND $220,000 FOR THE "BUY MBE DAY" MARKETING INITIATIVE (EXECUTED IN 2020) TO INCREASE AND PROMOTE THE UTILIZATION OF GOODS AND SERVICES PRODUCED BY MINORITY-OWNED FIRMS. 602738 0 1991138 12162309 1 1 0 0 0 0 0 0 0 1 1 1 0 0 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 74 0 1 28 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 47 47 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 BAILEY DIRECTOR 3.00 0.00 X 0 0 0 DAVID BARFIELD DIRECTOR 1.00 0.00 X 0 0 0 SHELLY BROWN 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 CANTEY DIRECTOR 1.00 0.00 X 0 0 0 ANN CARTER DIRECTOR 1.00 0.00 X 0 0 0 GABE CASTRO DIRECTOR 1.00 0.00 X 0 0 0 BOB CURREY DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM DEMPSEY DIRECTOR 1.00 0.00 X 0 0 0 TIFFANY EUBANKS-SAUNDERS DIRECTOR 1.00 0.00 X 0 0 0 JERRY FULMER 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 PAM HEMINGER DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN HIGHTOWER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL HOFFMAN DIRECTOR 1.00 0.00 X 0 0 0 JIM HOLLOWAY DIRECTOR 2.00 0.00 X 0 0 0 SIG HUBER DIRECTOR 1.00 0.00 X 0 0 0 PETER HURST JR DIRECTOR 1.00 0.00 X 0 0 0 DEBRA JENNINGS-JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 JOAN KERR DIRECTOR 1.00 0.00 X 0 0 0 REGINALD LAYTON DIRECTOR 3.00 0.00 X 0 0 0 FREDA LEWIS-HALL DIRECTOR 1.00 0.00 X 0 0 0 KENNETH LITTON DIRECTOR 1.00 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 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 ROBERT NOEL 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 JENI RAJBHANDARI 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 RICKMAN DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 FRANK SANDERS DIRECTOR 1.00 0.00 X 0 0 0 TERREZ THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 JOSE TURKIENICZ DIRECTOR 1.00 0.00 X 0 0 0 GUY SCHWEPPE VICE CHAIRMAN 2.00 0.00 X X 0 0 0 CLINT GRIMES TREASURER 1.00 0.00 X X 0 0 0 I JAVETTE HINES SECRETARY 1.00 0.00 X X 0 0 0 ADRIENNE TRIMBLE PRESIDENT 35.00 0.00 X X 195683 0 0 MAUREEN SIMONETTE DIRECTOR 35.00 0.00 X 109443 0 10167 CASILDA DEL VALLE VICE PRESIDENT 35.00 0.00 X 283479 0 41344 FARAD ALI VICE PRESIDENT 35.00 0.00 X 198793 0 1575 DOROTHY KAUFFMAN VICE PRESIDENT 35.00 0.00 X 179340 0 9408 TAMMY WILKINS VICE PRESIDENT 35.00 0.00 X 222955 0 1864 CHRISTINE NARINE DIRECTOR 35.00 0.00 X 112506 0 9159 1302199 0 73517 9 0 1 1 21ST CENTURY EXPO GROUP 1000 HAMPTON PARK BLVD STE D CAPITAL HEIGHTS MD 20743 EXHIBIT MANAGEMENT 314138 MVP COLLABORATIVE 1751 EAST LINCOLN AVENUE MADISON HEIGHTS MI 48071 AUDIO VISUAL EQUIPMENT/SUPPORT 232040 MERCEDES-BENZ STADIUM 1 AMB DRIVE ATLANTA GA 30313 FOOD SERVICE 209402 MGM RESORTS INTERNATIONAL PO BOX 748137 LOS ANGELES CA 90074 LODGING AND FOOD 182976 HIGHERLOGIC LOCATION 111 PO BOX 645579 PITTSBURG PA 15264 SOFTWARE 106800 5 562275 2119085 2681360 MEMBERSHIP DUES 813990 8786550 8786550 TRADE SHOW AND MEETING FEES 561920 3562589 3562589 REGISTRATION FEES AND TUITIONS 611430 133500 133500 566111 566111 13048750 217018 217018 198225 562275 542761 -344536 -344536 OTHER REVENUE - PRIOR YEAR ADJUST 900099 62967 62967 OTHER REVENUE - MEMBER SERVICES 900099 421 421 63388 15665980 13112138 0 -127518 507679 507679 1855466 972737 775375 107354 76891 34969 37165 4757 235296 96343 129124 9829 155596 81071 66929 7596 1737198 1543918 188352 4928 59637 43113 16524 63606 63606 657052 535518 119538 1996 44775 25029 19746 1007099 141000 866099 610257 361472 246346 2439 1096210 1086671 9539 6667002 6667002 221758 110710 110728 320 28260 28260 CREDIT CARD MERCHANT SE 95676 95676 TEMPORARY HELP 67543 66119 1424 SIGNAGE 40722 40722 0 UBTI TAXES:PRE-TAX TRAN 8500 0 8500 309880 260239 48201 1440 15546103 12162309 3243135 140659 640087 773767 3893365 3868847 977728 1668264 124357 258919 6118466 5745092 542064 373374 339971 150154 4541427 4356756 173590 177783 11232589 11627864 496743 458189 1615570 1562468 1913761 2354025 4026074 4374682 X 7101515 7148182 105000 105000 7206515 7253182 11232589 11627864 119877 -73210 0 X 0 1 X 1 0 X 2257679 2669708 3147371 2737247 2681360 13493365 2257679 2669708 3147371 2737247 2681360 13493365 163197 13330168 206725 210872 242103 236964 217018 1113682 14607 29135 35529 45466 63388 188125 14795172 66971452 0.90100 0.90370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1511305 45283 1556588 1467286 44019 1511305 1424550 42736 1467286 1384230 40320 1424550 1343471 40759 1384230 0.93580 0.06420 0 0 881761 772771 108990 4636182 4391095 245087 600523 581226 19297 373374 ANNUITIES 2698819 F CERTIFICATES OF DEPOSIT 156132 F REAL ESTATE INVESTMENT TRUSTS 1439145 F MONEY MARKET FUNDS 36738 F ARTWORK 25922 C 4356756 DEFERRED COMPENSATION 186892 DEFERRED RENT CREDITS 71209 DUE TO REGIONAL COUNCILS 2095924 2354025 X 16044031 -73210 106725 33515 16010516 -344536 -344536 15665980 15997364 106725 344536 451261 15546103 0 15546103 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, 2019, 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 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSE -344,536. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSE 344,536. LEADERSHIP AWARDS 760500 562275 198225 217579 16861 308321 760500 562275 198225 217579 16861 308321 542761 -344536 X X X 0 0 0 0 0 0 0 0 0 ADRIENNE TRIMBLE PRESIDENT 150000 0 0 0 45683 0 0 0 0 0 195683 0 0 0 CASILDA DEL VALLE VICE PRESIDENT 280431 0 0 0 3048 0 35451 0 5893 0 324823 0 0 0 FARAD ALI VICE PRESIDENT 198425 0 0 0 368 0 0 0 1575 0 200368 0 0 0 DOROTHY KAUFFMAN VICE PRESIDENT 179340 0 0 0 0 0 6913 0 2495 0 188748 0 0 0 TAMMY WILKINS VICE PRESIDENT 222955 0 0 0 0 0 0 0 1864 0 224819 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 RECEIVED THE 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.