2013-07-30T09:56:18-05:00 2012-12-31 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2012-01-01 237348220 NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC % CASILDA DEL VALLE NATI 2129442430 1359 Broadway Suite 1000 New York NY 10018 Joset B Wright 2129442430 2013-07-29 true FREDERICK DAVIS 2127094500 2012 2016-02-24 21:20:13Z Joset B Wright 1359 Broadway Suite 1000 New York NY 10018 16340212 false 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. 80 79 29 369 0 0 2357375 3785350 12347591 12155941 169596 135066 -241014 -241216 14633548 15835141 0 0 0 0 2907908 3353105 0 0 223295 11332760 11244831 14240668 14597936 392880 1237205 11524776 11898071 4046756 3182846 7478020 8715225 X THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO 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3096350 1767450 3785350 TRADE SHOW AND MEETING FEES 900099 2928685 2928685 SEMINAR REGISTRATION AND TUITIONS 611430 36950 36950 MEMBERSHIP DUES 900099 8854371 8854371 PARTICIPATION FEES-CENTERS OF EXCELLENCE 900099 35000 35000 PARTICIPATION FEES-INTERNATIONAL PROGRAM 900099 99460 99460 201475 201475 12155941 161344 161344 0 0 0 0 0 26278 -26278 -26278 -26278 224000 689000 478793 -254793 -254793 0 0 OTHER REVENUE 900099 13577 13577 13577 15835141 12169518 0 -119727 0 0 0 0 572631 0 572631 0 0 2281469 1518152 596083 167234 111438 78042 17126 16270 217096 120136 84661 12299 170471 100281 60355 9835 979841 833084 146757 0 29052 16532 12520 0 49290 0 49290 0 0 0 0 0 0 574639 429708 138879 6052 39646 25292 14354 0 0 891179 116605 774574 0 473285 398386 73281 1618 0 919559 888782 30777 0 0 6401024 6401024 0 0 432415 209024 221645 1746 0 TEMPORARY HELP 88371 85521 1046 1804 CREDIT CARD MERCHANT SERVICES 76679 76679 0 0 SECURITY SERVICES 37942 34648 3294 0 ALL OTHER EXPENSES 251909 206853 38619 6437 14597936 11538749 2835892 223295 1017331 0 4397816 2546774 0 0 786314 1017253 0 0 0 0 0 0 0 0 122727 129626 4792578 2215635 1084600 2576943 0 0 3947857 5458914 0 0 0 0 168131 168561 11524776 11898071 1491476 1012118 0 0 1946032 1557009 0 0 0 0 0 0 0 0 0 0 609248 613719 4046756 3182846 X 7360894 8610225 17126 5000 100000 100000 7478020 8715225 11524776 11898071 1237205 X false true X true false X 2421179 1914125 2170900 2357375 3785350 12648929 0 0 2421179 1914125 2170900 2357375 3785350 12648929 1964378 10684551 323085 239453 175813 169596 161344 1069291 0 238076 73811 22597 5533 13577 353594 14071814 62443308 0.75929 0.83677 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1229017 36916 1265933 1193166 35851 1229017 1146426 46740 1193166 100000 100000 100000 5600 4800 800 100000 0.92100 0.07900 false false 868331 269449 598882 3368748 1478191 1890557 555499 467995 87504 2576943 ANNUITY INVESTMENTS 3440350 F CERTIFICATES OF DEPOSIT - LT 1308958 F ARTWORK 25922 C MUTUAL FUNDS 207970 F MONEY MARKET FUNDS 63883 F REAL ESTATE INVESTMENT TRUSTS 406660 F CORPORATE BOND 5171 F 5458914 0 DEFERRED RENT CREDITS 336696 DEFERRED COMPENSATION 277023 613719 16348667 34733 34733 16313934 -478793 -478793 15835141 15111462 34733 478793 513526 14597936 14597936 Form 990, Schedule D, Part X, Line 2 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, 2012, there are no uncertain positions taken or expected to be taken. Form 990, Schedule D, Part XII, Line 4b & XIII, Line 2d DIRECT EXPENSES from FUNDRAISING EVENTS: $478,793. Form 990, Part V, Line 4 The intended uses of the organization's endowment funds Permanently restricted net assets represent the James H. O'Neal/PepsiCo Foundation/NMSDC Endowed Scholarship Fund. The income earned is to be used to support scholarships for minority business owners who participate in the Advanced Management Education Program. Dinner-Dance 913000 689000 224000 249009 22050 207734 0 913000 689000 224000 249009 22050 207734 478793 -254793 X X X false false false false false false false false false JOSET B WRIGHT 254101 0 52920 0 1032 0 20474 0 4259 0 332786 0 0 0 CASILDA DEL VALLE 189362 0 12048 0 5984 0 29534 0 5533 0 242461 0 0 0 MARQUIS MILLER 169950 0 8498 0 552 0 11406 0 0 0 190406 0 0 0 KANITA D SANDIDGE 146496 0 5922 0 3048 0 10525 0 0 0 165991 0 0 0 DONNA LONG 146984 0 5966 0 3048 0 20139 0 1933 0 178070 0 0 0 IDA S EADDY 122131 0 7222 0 18584 0 10122 0 2430 0 160489 0 0 0 X software 0 1767450 fmv false false false Form 990, Part III, Line 4d OTHER PROGRAM SERVICES INCLUDE: (1) TRADE SHOW - 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) INTERNATIONAL PROGRAM - BUILDS AN INTERNATIONAL NETWORK OF NMSDC-LIKE ORGANIZATIONS TO ASSIST CORPORATE MEMBERS IN IMPLEMENTING SUPPLIER DIVERSITY PROGRAMS IN OTHER COUNTRIES AND HELP NMSDC-CERTIFIED MINORITY SUPPLIERS TO MAKE INTERNATIONAL CONNECTIONS; (4) CORPORATE PLUS - PROVIDES CORPORATE MEMBERS WITH REFERRALS AND ACCESS TO THE LARGEST MINORITY-OWNED VENDORS IN THE COUNTRY WITH CAPACITY FOR SERVICING NATIONAL CONTRACTS; (5) CENTERS OF EXCELLENCE - PROVIDES A PLATFORM FOR MINORITY SUPPLIERS TO INCREASE BUSINESS CAPACITY AND MINORITY SUPPLIER PROGRAM DEVELOPMENT FOR CORPORATE MEMBERS; (6) PROGRAM DEVELOPMENT - A PLATFORM FOR THE DEVELOPMENT OF NEW PROGRAMS TO ADDRESS GROWING NEEDS OF CONSTITUENT GROUPS. Form 990, Part VI, LINE 6 NMSDC MEMBERS ARE CORPORATIONS, PARTNERSHIPS AND OTHER BUSINESS ENTITIES WHICH: A) PAY ANNUAL DUES BASED ON THEIR ANNUAL SALES REVENUE; B) ADOPT AND PUBLISH A POLICY TO PROMOTE THE PURCHASE OF GOODS AND SERVICES FROM MINORITY-OWNED FIRMS AND IMPLEMENT SUCH POLICY AS A RECOGNIZED MANAGEMENT FUNCTION BY APPROPRIATE RULES AND PROCEDURES; AND C) REPORT, ON A CONFIDENTIAL LEVEL, THEIR AGGREGATE DOLLAR PURCHASES FROM MINORITY-OWNED FIRMS. Form 990, Part VI, lINE 7a EACH CORPORATE MEMBER OF THE ORGANIZATION IS ENTITLED, AT EVERY MEETING OF THE MEMBERS, TO ONE VOTE IN PERSON OR BY PROXY UPON EACH SUBJECT PROPERLY SUBMITTED TO VOTE. A MAJORITY OF THE CORPORATE MEMBERS REPRESENTED IN PERSON OR BY PROXY CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS AT ANY ANNUAL OR SPECIAL MEETING OF MEMBERS. THE NOMINATION OF DIRECTORS TO THE BOARD IS SUBMITTED FOR VOTING BY A NOMINATING COMMITTEE OF THE MEMBERSHIP. Form 990, Part VI, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY OF REVIEWING THE ORGANIZATION'S TAX RETURN TO THE EXECUTIVE COMMITTEE WHICH OVERSEES THE DAILY OPERATIONS OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE HAS FURTHER DELEGATED THE REVIEW OF THE TAX RETURN TO THE FINANCE COMMITTEE HEADED BY THE TREASURER. UPON REVIEW AND ACCEPTANCE BY THE FINANCE COMMITTEE, THE PRESIDENT SIGNS THE TAX RETURN AND IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM UPON COMPLETION OF THE ANNUAL CERTIFIED AUDIT. FOLLOWING THE SIGNING OF A LETTER OF ENGAGEMENT WITH AN INDEPENDENT ACCOUNTING FIRM, A CHECK LIST OF REQUIRED SCHEDULES AND DOCUMENTS FOR THE PREPARATION OF FORM 990 IS SUBMITTED TO NMSDC'S MANAGEMENT. DETAILED SCHEDULES AND SUPPORTING DOCUMENTATION ARE FORWARDED TO THE INDEPENDENT AUDITORS. A DRAFT OF FORM 990 IS FIRST SUBMITTED TO THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, A MEMBER OF THE FINANCE COMMITTEE, FOR AN INITIAL REVIEW TO INSURE THAT THE INFORMATION CONTAINED IN FORM 990 IS CONSISTEnt WITH THE FINANCIAL RESULTS CONTAINED IN THE CERTIFIED FINANCIAL STATEMENTS. COPIES OF FORM 990 ARE AVAILABLE UPON REQUEST. Form 990, Part VI, lINE 12c The organization asks members of the Board to report on any conflict. Since no conflict of interest has been reported and no conflict of interest has been identified independently, no action has been required. The organization is in the process of introducing a form to the Board to report annually on any conflict of interest. Form 990, Part VI, Line 15a and 15b 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 VICE PRESIDENT OF FINANCE AND ADMINISTRATION 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 EMPLOYEES' 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. Form 990, Part VI, 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, HUNDRED 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 MANUAL AND THE AFFILIATES OPERATING MANUAL. 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