2025-11-13T16:00:34-06:00 2024-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-01-01 237348220 NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC NATI 2129442430 65 WEST 36TH STREET SUITE 702 NEW YORK NY 10018 EVERETT C PARKER CHIEF FINANCIAL OFFICER 9048825162 2025-11-13 1 0 QIAN ZHANG P01306575 2127094500 2025-11-13 2024 2025-03-06 01:10:19Z DONALD R CRAVINS JR 65 WEST 36TH STREET SUITE 702 NEW YORK NY 10018 29739144 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. 31 31 58 192 0 0 11877419 9311718 18720908 19879172 153735 179316 457444 368938 31209506 29739144 172629 265520 63329 0 6093081 6534367 0 0 31021 26791946 24851779 33120985 31651666 -1911479 -1912522 13223060 10767642 5919361 5322188 7303699 5445454 X THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. 0 0 10236782 0 14617560 FIELD SERVICES: OVERSEES THE ACTIVITIES OF NMSDC'S REGIONAL AFFILIATES BY MONITORING THEIR ACTIVITIES, PROGRAMS, EVENTS, AND SERVICE DELIVERY TO ENSURE THE APPLICATION OF UNIFORM STANDARDS OF WORK. 7187761 0 4725443 ANNUAL CONFERENCE & EXCHANGE: CONNECTS NMSDC-CERTIFIED MINORITY BUSINESS ENTERPRISES (MBES) WITH NATIONAL/LOCAL CORPORATE MEMBERS, GOVERNMENT ENTITIES, NONPROFITS, AND OTHER BUYERS TO INCREASE THE INCLUSION OF MBES IN THE U.S. SUPPLY CHAIN. ADDITIONALLY, MBES ARE CONNECTED TO EDUCATION, CAPITAL, CONTRACTS, AND OTHER GROWTH AND DEVELOPMENT ACTIVITIES TO ENSURE MBES ARE POISED AND READY TO ENTER AND EXPAND THEIR PRESENCE IN THE U.S. SUPPLY CHAIN, WHILE NATIONAL/LOCAL CORPORATE MEMBERS ARE CONNECTED TO EDUCATION ON HOW TO EXPAND THEIR SUPPLIER DIVERSITY PROGRAMS. 4311327 0 267950 "CORPORATE SUCCESS, MBE SERVICES & PROGRAMS:CENTERS OF EXCELLENCE CERTIFICATE PROGRAM: A 12-MONTH INNOVATIVE AND RIGOROUS DIVERSE VENDOR BUSINESS DEVELOPMENT INITIATIVE TO FACILITATE THE DEVELOPMENT AND GROWTH OF NMSDC-CERTIFIED MBES WITH $1 MILLION TO LESS THAN $10 MILLION IN SALES TO BECOME MORE PREPARED TO COMPETE EFFECTIVELY AND WIN LARGER CONTRACTS WITH CORPORATIONS, ANCHOR INSTITUTIONS, AND GOVERNMENT AGENCIES.ACRES: CULTIVATING EQUITY IN BLACK AGRICULTURE: A 12-WEEK PROGRAM DESIGNED TO HELP BLACK MINORITY BUSINESS ENTERPRISES (MBES) IN THE AGRICULTURE INDUSTRY GROW THEIR CAPACITY TO TAKE ON MAJOR NATIONAL CONTRACTS WITH NMSDC CORPORATE MEMBERS.NMSDC CYBERPRO TRAINING NETWORK: AN EXTENSIVE TRAINING CURRICULUM DESIGNED FOR SMALL AND MEDIUM-SIZED BUSINESSES, HELPING THEM ESTABLISH A PRIORITIZED SECURITY PROGRAM FOR RESILIENCE AGAINST CYBER-ATTACKS.EMERGING YOUNG ENTREPRENEURS PROGRAM: A YEAR-LONG PROGRAM CREATED TO SUPPORT GEN Z AND MILLENNIAL MINORITY ENTREPRENEURS BETWEEN THE AGES OF 19-35.MBE CENTER FOR ACCELERATED GROWTH, INNOVATION, AND RESILIENCY: A NEW TRANSFORMATION CENTER, FUNDED IN PART BY THE MINORITY BUSINESS DEVELOPMENT AGENCY (MBDA) CAPITAL READINESS GRANT, TO DELIVER COMPREHENSIVE CONTRACT AND CAPITAL READINESS PROGRAMMING NATIONALLY THROUGH THE NMSDC NETWORK. THE PROGRAM BRINGS TOGETHER NETWORK MEMBERS AS WELL AS LEADING MINORITY BUSINESS NONPROFITS AND GOVERNMENT AGENCIES COMMITTED TO SCALING MBES.CAPITAL MANAGERS PROGRAM: A TRANSFORMATIVE INITIATIVE THAT UNLOCKS A GATEWAY TO THE RESOURCES AND SUPPORT SYSTEM CRITICAL FOR ACHIEVING ENTREPRENEURIAL DREAMS. NMSDC HAS CREATED A COMPREHENSIVE DATABASE OF CAPITAL FIRMS WITH AN ETHNIC MINORITY FOUNDER AND/OR A FOCUS ON THE MINORITY BUSINESS ECOSYSTEM." 3496020 265520 637157 MINORITY BUSINESS ECONOMIC FORUM: CONNECTS THE MOST INFLUENTIAL POLICYMAKERS, ACADEMICS, BUSINESS, AND COMMUNITY LEADERS IN THE U.S. TO DISCUSS THE SYSTEMIC BARRIERS MBES FACE IN GROWING THEIR BUSINESSES AND CREATING GENERATIONAL WEALTH. THIS EVENT PROVIDES A UNIQUE OPPORTUNITY TO PROPOSE SOLUTIONS TO OVERCOME THOSE BARRIERS AND PROMOTE AN INCLUSIVE ECONOMY THAT WORKS FOR ALL. 3496020 265520 637157 25231890 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 67 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IL NY X X EVERETT C PARKER 9048825162 65 WEST 36TH STREET SUITE 702 NEW YORK NY 10018 KENDRA BURRIS-AUSTIN DIRECTOR 1.00 0.00 X 0 0 0 TERRENCE CLARK DIRECTOR 1.00 0.00 X 0 0 0 MAURICE COFFEY DIRECTOR 1.00 0.00 X 0 0 0 BRIAN DOWNER TREASURER 3.00 0.00 X X 0 0 0 JACQUELINE DYESS DIRECTOR 1.00 0.00 X 0 0 0 TIFFANY EUBANKS-SAUNDERS DIRECTOR 1.00 0.00 X 0 0 0 KALA GIBSON CHAIRMAN 3.00 0.00 X X 0 0 0 PAULA GLICKENHAUS DIRECTOR 1.00 0.00 X 0 0 0 KINDLE GOODSON DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER GUO DIRECTOR 1.00 0.00 X 0 0 0 I JAVETTE HINES DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM KAPFER DIRECTOR 1.00 0.00 X 0 0 0 BARBARA KUBICKI DIRECTOR 1.00 0.00 X 0 0 0 TARBINLAM LAFON DIRECTOR 1.00 0.00 X 0 0 0 FIROZ LALJI DIRECTOR 1.00 0.00 X 0 0 0 MIKE LAPHAM DIRECTOR 1.00 0.00 X 0 0 0 CHRIS LAYDEN DIRECTOR 1.00 0.00 X 0 0 0 TRICIA MILLER DIRECTOR 1.00 0.00 X 0 0 0 BONNIE NIJST DIRECTOR 1.00 0.00 X 0 0 0 KENNEDY OATES DIRECTOR 1.00 0.00 X 0 0 0 CARLTON L ONEAL DIRECTOR 1.00 0.00 X 0 0 0 JORGE PLASENCIA DIRECTOR 1.00 0.00 X 0 0 0 ANJALI RAMAKUMARAN DIRECTOR 1.00 0.00 X 0 0 0 GEORGE RICHTER SECRETARY 3.00 0.00 X X 0 0 0 REGENIA R SANDERS DIRECTOR 1.00 0.00 X 0 0 0 ANU SAXENA DIRECTOR 1.00 0.00 X 0 0 0 PHIL SEIDLER DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER SHOMENTA DIRECTOR 1.00 0.00 X 0 0 0 MARVIN WASHINGTON DIRECTOR 1.00 0.00 X 0 0 0 SUSANNA WEBBER VICE CHAIRMAN 3.00 0.00 X X 0 0 0 GERALD YOUNGBLOOD DIRECTOR 1.00 0.00 X 0 0 0 YING MCGUIRE PRESIDENT 40.00 0.00 X 532831 0 24091 PAULINE GEBON VICE PRESIDENT 40.00 0.00 X 254546 0 17843 STEFAN BRADHAM VICE PRESIDENT 40.00 0.00 X 211382 0 13646 LISA MORRIS VICE PRESIDENT 40.00 0.00 X 201676 0 15994 LEAHANNE THOMAS COO 40.00 0.00 X 280724 0 17484 JETHEDA HERNANDEZ SENIOR DIRECTOR 40.00 0.00 X 179261 0 14426 1660420 0 103484 18 0 1 0 ABCD & COMPANY LLC 11140 ROCKVILLE PIKE STE 300 ROCKVILLE MD 20852 EVENT SERVICES 4145275 REPUBLICA HAVAS LLC 2153 CORAL WAY 5TH FLOOR MIAMI FL 33145 EVENT SERVICES 1324650 21ST CENTURY EXPO GROUP 9200 ALAKING CT STE 200 CAPITOL HEIGHTS MD 20743 EVENT SERVICES 1045381 IDATALYTICS LLC 12900 METCALF AVE SUITE 150 OVERLAND KS 66213 CONSULTANT 448200 ADAPTONE 6495 SHILOH RD SUITE 310 ALPHARETTA GA 30005 CONSULTANT 240033 14 750000 8561718 9311718 MEMBERSHIP DUES 813990 14617560 14617560 TRADE SHOW AND MEETING FEES 561920 4725443 4725443 OTHER PROGRAM SERVICE REVENUE 900099 268219 268219 REGISTRATION FEES AND TUITIONS 611430 267950 267950 19879172 179316 179316 CERTIFICATION REVENUE RENEWAL 900099 161000 161000 PRIOR YEAR ADJUSTMENT 900099 106905 106905 MISC. REV - OPERATIONS/ADMIN 900099 101033 101033 368938 29739144 20248110 0 179316 265520 265520 5355332 2833222 2516629 5481 189707 108643 81064 589915 290544 299371 399413 161509 237430 474 4303196 2619865 1662331 21000 109436 109436 78393 78393 213391 37430 175961 727774 627185 100589 8051402 7974438 76964 9000948 9000948 334864 74731 259066 1067 89261 89261 BAD DEBT EXPENSES 988460 988460 CREDIT CARD MERCHANT FE 226671 226671 SUBSCRIPTIONS 160116 31850 125267 2999 LICENSING FEES 5731 5731 562136 217545 344591 31651666 25231890 6388755 31021 X 630309 566076 4796533 5564963 3851590 1975901 373624 501426 6749370 6719059 338386 30311 3211511 2128965 21107 0 13223060 10767642 4361513 3742063 1264329 1557227 293519 22898 5919361 5322188 X 7198699 5340454 105000 105000 7303699 5445454 13223060 10767642 -1912522 50595 3682 0 X 0 1 X 1 0 X 2941589 4690129 9269252 11877419 9311718 38090107 2941589 4690129 9269252 11877419 9311718 38090107 1338902 36751205 192810 195685 173866 153735 179316 895412 3795 12248 199505 457444 368938 1041930 40027449 81154678 0.91820 0.92500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175865 50595 75865 150595 1152017 75865 1052017 175865 1021376 30641 1052017 991627 29749 1021376 1556588 35039 600000 991627 0.33600 0.66400 0 0 881762 881762 0 5267085 5236774 30311 600523 600523 0 30311 ANNUITIES 2096081 F REAL ESTATE INVESTMENT TRUSTS 6962 F ARTWORK 25922 C 2128965 DEFERRED COMPENSATION 22898 22898 X 29793421 50595 3682 54277 29739144 0 29739144 31651666 0 31651666 0 31651666 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, 2024, NO UNCERTAIN TAX POSITIONS WERE 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 2022. X X X 0 0 0 0 0 0 0 0 0 YING MCGUIRE PRESIDENT 532831 0 0 0 0 0 17250 0 6841 0 556922 0 0 0 LEAHANNE THOMAS COO 280724 0 0 0 0 0 13208 0 4276 0 298208 0 0 0 PAULINE GEBON VICE PRESIDENT 254546 0 0 0 0 0 12971 0 4872 0 272389 0 0 0 STEFAN BRADHAM VICE PRESIDENT 211382 0 0 0 0 0 10716 0 2930 0 225028 0 0 0 LISA MORRIS VICE PRESIDENT 201676 0 0 0 0 0 10365 0 5629 0 217670 0 0 0 JETHEDA HERNANDEZ SENIOR DIRECTOR 179261 0 0 0 0 0 9223 0 5203 0 193687 0 0 0 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 THE FINANCIAL LEAD COMPLETES THE QUESTIONNAIRE PROVIDED BY THE PREPARER (MITCHELL & TITUS) FROM WHICH A DRAFT IS GENERATED. DRAFT IS SUBMITTED TO CHIEF FINANCIAL OFFICER FOR REVIEW. ONCE THE REVIEW IS COMPLETED, THE FINAL FORM 990 IS PRESENTED TO THE PRESIDENT FOR HIS REVIEW AND APPROVAL. A COPY IS FORWARDED TO THE CHAIRMAN OF 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 ON 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 ARE REVIEWED ANNUALLY BY THE CHARIMAN OF THE BOARD. THE CHAIRMAN 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. 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. 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. FORM 990, PART X, LINE 32 - NET ASSETS - TRANSFORMATION COSTS IN 2021, THE BOARD OF DIRECTORS DESIGNATED $1,655,246 TO BE USED FOR THE TRANSFORMATION OF THE ORGANIZATION AND TO ENHANCE ITS ABILITY TO SERVE ITS MEMBERS AND AFFILIATES. IN 2022 THIS WAS INCREASED TO $2,276,518. IN 2023, NMSDC ALLOCATED $1,112,694 TOWARD NEW TECHNOLOGY, SYSTEMS, AND PROCESS IMPROVEMENTS AS PART OF ITS ONGOING TRANSFORMATION OF CERTIFICATION SERVICES AND BROADER MODERNIZATION EFFORTS. IN 2024, THE ORGANIZATION CONTINUED THIS WORK, INCURRING TRANSFORMATION COSTS OF $962,086.