2011-08-01T17:09:47-05:00 2010-12-31 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2010-01-01 237348220 NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC NATI 2129442430 1359 Broadway New York NY 10018 Casilda Del Valle 2011-08-01 2127094500 2010 2016-02-24 21:20:13Z Joset B Wright 1359 Broadway Suite 1000 New York NY 10018 14654618 false X www.nmsdc.org X 1973 IL The NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL seeks to increase corporate purchasing opportunities with minority-owned companies, effecting economic development in minority communities. 76 76 22 275 0 0 1914125 2170900 11755469 12054308 239453 175813 -138007 -202907 13771040 14198114 0 0 0 0 2679289 3052484 0 0 174169 11058041 11070587 13737330 14123071 33710 75043 10472932 10295612 3462835 3210472 7010097 7085140 X THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL(nmsdc) SEEKS TO EXPAND BUSINESS OPPORTUNITIES FOR MINORITY-OWNED COMPANIES; ENCOURAGES MUTUALLY BENEFIcIAL ECONOMIC LINKS BETWEEN MINORITY SUPPLIERS AND THE PUBLIC AND PRIVATE SECTORS; AND HELPS TO BUILD A STRONGER, MORE EQUITABLE SOCIETY BY SUPPORTING AND PROMOTING MINORITY BUSINESS DEVELOPMENT. false false 7717664 6241803 8726564 MEMBERS AND FIELD SERVICES: MANAGES A NETWORK OF REGIONAL MINORITY SUPPLIER DEVELOPMENT COUNCILS, MONITORS THEIR ACTIVITIES, SERVICES AND UNIFORM STANDARD OF WORK, PROVIDES TRAINING, NETWORKING AND REFERRAL OPPORTUNITIES TO MINORITY SUPPLIERS AND OTHER SERVICES TO CORPORATE MEMBERS. 2431561 95714 2488710 ANNUAL CONFERENCE: EVALUATES ORGANIZATION'S PERFORMANCE, CONDUCTS WORKSHOPS AND SEMINARS FOR MINORITY SUPPLIERS AND CORPORATE MEMBERS. 438418 14827 738400 TRADE SHOW: PROVIDES A FORUM FOR BUSINESS EXCHANGE TO CORPORATE BUYERS AND MINORITY SUPPLIERS. 520913 100634 11108556 true true false false false false false false true true true false false true false true false false false false false false false true false false false false true false false false false false false false false false false false false false true false false false false true 47 0 true 22 true false false false false false true true false false false false X 76 76 false false false false true true false true true false true true false true true false true true true true false IL NY X CASILDA DEL VALLE 2129442430 1359 BROADWAY SUITE 1000 NEW YORK NY 10018 MITCH ADAMEK 2.0 X 0 0 0 JEAN ABADERSCHNEIDER 1.0 X 0 0 0 TERESA BARRERA 1.0 X 0 0 0 BILL BOODRY 1.0 X 0 0 0 JOHNNIE B BOOKER 1.0 X 0 0 0 ROBERT E BREWER 1.0 X 0 0 0 ALBERT CHEN 1.0 X 0 0 0 JOYCE CHRISTANIO 1.0 X 0 0 0 DENISE COLEY 1.0 X 0 0 0 GRETA F DAVIS 1.0 X 0 0 0 T THOMAS DAVIS 1.0 X 0 0 0 ANA DIAZ 1.0 X 0 0 0 MICHAEL E DUDA 1.0 X 0 0 0 B EADIE FERRETTI 1.0 X 0 0 0 BENITA FORTNER 1.0 X 0 0 0 DONNA DOZIER GORDON 1.0 X 0 0 0 ROBERT HALTER 1.0 X 0 0 0 SIGMUND E HUBER 1.0 X 0 0 0 DEBRA A JENNINGS-JOHNSON 1.0 X 0 0 0 TRACEY G JETER 2.0 X 0 0 0 SIDNEY JOHNSON 1.0 X 0 0 0 HUBERT JONES 1.0 X 0 0 0 GARY KAPUSTA 1.0 X 0 0 0 FRED KEETON 1.0 X 0 0 0 BRUCE J KILKOWSKI 1.0 X 0 0 0 PATRICE N KNIGHT 1.0 X 0 0 0 REGINALD K LAYTON 2.0 X 0 0 0 MARIANO LEGAZ 1.0 X 0 0 0 FRED LONA 2.0 X 0 0 0 LEO G LONERGAN 1.0 X 0 0 0 JAMES MALLARD 2.0 X 0 0 0 HENRY S MARTIN JR 1.0 X 0 0 0 LISA F MARTIN 2.0 X 0 0 0 WILLIAMS G MAYS 1.0 X 0 0 0 ROBERT MCCORMES-BALLOU 2.0 X 0 0 0 RUBY MCCLEARY 1.0 X 0 0 0 FARRYN MELTON 1.0 X 0 0 0 ROHENA A MILLER 1.0 X 0 0 0 STEVEN G MILLER 1.0 X 0 0 0 ROBERT NELSON 1.0 X 0 0 0 ARMANDO OJEDA 1.0 X 0 0 0 GREGG ONTIVEROS 1.0 X 0 0 0 BRUCE W PERKINS 1.0 X 0 0 0 FLOYD W PITTS 1.0 X 0 0 0 GLORIA PUALANI 1.0 X 0 0 0 TERRI L QUINTON 2.0 X 0 0 0 CRAIG REED 1.0 X 0 0 0 RODERICK RICKMAN 1.0 X 0 0 0 JOAN R ROBINSON-BERRY 1.0 X 0 0 0 K MICHELLE SOURIE ROBINSON 1.0 X 0 0 0 GUY SCHWEPPE 1.0 X 0 0 0 C LYNN SCOTT 1.0 X 0 0 0 JAMES SHEEHY 1.0 X 0 0 0 DK SINGH 2.0 X 0 0 0 SKIP SKIVINGTON 1.0 X 0 0 0 CONNIE W SMITH 1.0 X 0 0 0 HILTON O SMITH 1.0 X 0 0 0 RICHARD SPOOR 1.0 X 0 0 0 ANAND STANLEY 1.0 X 0 0 0 SHELLEY STEWART JR 1.0 X 0 0 0 MARK STOLARCZYK 1.0 X 0 0 0 GENE TABOR 1.0 X 0 0 0 RUBEN DARIO TABORDA 1.0 X 0 0 0 RENEE TAYLOR 1.0 X 0 0 0 DENISE R THOMAS 1.0 X 0 0 0 KATHLEEN TRIMBLE 1.0 X 0 0 0 CALLEN C VICKERS 1.0 X 0 0 0 LINDA A WARE 1.0 X 0 0 0 JANICE B WILLIAMS-HOPKINS 1.0 X 0 0 0 RON WOLL 1.0 X 0 0 0 FRANCENE YOUNG 1.0 X 0 0 0 TERRY J LUNDGREN 1.0 X X 0 0 0 RICHARD A HUGHES 2.0 X X 0 0 0 SERAFIN U MARIEL 2.0 X X 0 0 0 C DOUGLAS DIXON 2.0 X X 0 0 0 JOSET B WRIGHT 35.0 X X 161666 0 1000 CASILDA DEL VALLE 35.0 X 192974 0 32473 DONNA LONG 35.0 X 146808 0 21230 KANITA D SANDIDGE 35.0 X 141733 0 9380 IDA S EADDY 35.0 X 140082 0 11078 ERIC VICIOSO 35.0 X 108558 0 8438 HARRIET R MICHEL 35.0 X 895922 0 18112 STEVEN SIMS 35.0 X 186360 0 24027 1974103 0 125738 8 true true false CENTERPLATE 1901 CONVENTION CENTER BLVD MIAMI BEACH FL 33139 FOOD SERVICES 508945 21ST CENTURY EXPO GROUP 2404 FAIRLAWN STREET TAMPLE HILLS MD 20748 EXHIBIT MANAGEMENT 284927 NEW YORK HILTON TOWERS 1335 AVENUE OF THE AMERICAS NEW YORK NY 10019 LODGING & FOOD SVCS 258739 FONTAINEBLEAU MIAMI BEACH 4441 COLLINS AVENUE MIAMI BEACH FL 33180 LODGING & FOOD SVCS 256215 KELLOGG SCHOOL OF MANAGEMENT 2169 NORTH CAMPUS DRIVE EVANSTON IL 602082800 EXECUTIVE PROGRAM 150000 7 659000 1511900 2170900 TRADE SHOW AND MEETING FEES 900099 3071340 3071340 SEMINAR REGISTRATION AND TUITIONS 611430 63179 63179 MEMBERSHIP DUES 900099 8590382 8590382 PARTICIPATION FEES-CENTERS OF EXCELLENCE 900099 50833 50833 PARTICIPATION FEES-INTERNATIONAL PROGRAM 900099 100244 100244 178330 178330 12054308 175813 175813 0 0 0 231000 659000 456504 -225504 -225504 0 0 OTHER REVENUE 900099 22597 22597 22597 14198114 12054308 0 -27094 0 0 0 0 1384378 249967 1010921 123490 0 1264933 909191 331873 23869 69591 50614 17810 1167 186689 99902 77202 9585 146893 74377 64285 8231 944693 826731 117962 0 24237 12144 12093 0 47170 0 47170 0 0 0 0 0 0 576875 495341 80247 1287 0 0 936202 165887 770315 0 309884 274249 34457 1178 0 1177833 1100853 76980 0 0 6352344 6352344 0 0 267943 137537 129003 1403 0 TEMPORARY HELP 84250 84011 204 35 CREDIT CARD MERCHANT SERVICES 80048 80048 0 0 SECURITY SERVICES 41972 39715 2257 0 DECORATIONS 33771 25098 8673 0 INTERNET SERVICES 31022 17254 13768 0 162343 113293 45126 3924 14123071 11108556 2840346 174169 1142605 877229 3428498 3478999 763523 960121 163356 130757 2682335 1509097 1300174 1173238 3326042 3325826 348734 349442 10472932 10295612 809249 821908 1808365 1791941 845221 596623 3462835 3210472 X 6910097 6980140 0 5000 100000 100000 7010097 7085140 10472932 10295612 75043 X false true true X false X 2056405 2628479 2421179 1914125 2170900 11191088 2056405 2628479 2421179 1914125 2170900 11191088 11191088 268686 356771 323085 239453 175813 1363808 284892 354980 238076 73811 22597 974356 13529252 61273845 0.82718 0.97385 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1146426 46740 1193166 100000 100000 100000 5600 4800 800 100000 0.91620 0.08380 0.00000 false false 799722 130968 668754 1327114 967172 359942 555499 410957 144542 1173238 ANNUITY INVESTMENTS 2272147 F CERTIFICATES OF DEPOSIT - LT 782956 F ARTWORK 25922 F DEFERRED COMPENSATION 244801 F 3325826 0 DEFERRED RENT CREDITS 351822 DEFERRED COMPENSATION 244801 596623 14198114 14123071 75043 75043 14733677 79059 456504 535563 14198114 14198114 14658634 79059 456504 535563 14123071 14123071 Form 990, Schedule D, Part XII & XIII, Line 2d DIRECT EXPENSES from FUNDRAISING EVENTS: $456,504. dinner - dance 890000 659000 231000 235369 19750 201385 0 890000 659000 231000 235369 19750 201385 456504 -225504 X X X X true true false false false false false false false HARRIET R MICHEL 196110 0 0 0 699812 0 15712 0 2400 0 914034 0 0 0 JOSET B WRIGHT 129223 0 32185 0 258 0 0 0 1000 0 162666 0 0 0 CASILDA DEL VALLE 182479 0 9463 0 1032 0 27273 0 5200 0 225447 0 0 0 STEVEN SIMS 158961 0 0 0 27399 0 19027 0 5000 0 210387 0 0 0 DONNA LONG 138194 0 7030 0 1584 0 18830 0 2400 0 168038 0 0 0 KANITA D SANDIDGE 133341 0 6808 0 1584 0 9380 0 0 0 151113 0 0 0 IDA S EADDY 115190 0 6808 0 18084 0 9378 0 1700 0 151160 0 0 0 Form 990, Schedule J, Part I, LineS 4a & 4b: NMDSC HAS ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN WHICH IS OFFERED TO SELECT EXECUTIVES AS A VEHICLE TO SAvE FOR RETIREMENT ON A TAX-EFFICIENT BASIS. FORMER PRESIDENT, HARRIET R. MICHEL, ELECTED TO PARTICIPATE IN THIS PLAN AND AUTHORIZED THE WITHHOLDING OF ANNUAL BONUSES TO BE INVESTED UNDER THIS PLAN. THE FUNDS WERE INVESTED IN AN ANNUITY OWNED BY NMSDC. UPON HARRIET R. MICHEL'S RETIREMENT, THE ANNUITY WAS CASHED AND THE PROCEEDS OF $283,714 WERE PAID OUT TO MS. MICHEL AND WERE ADDED TO HER TAXABLE INCOME REPORTED FOR 2010. IN ADDITION, THE EXECUTIVE COMMITTEE APPROVED SEVERANCE PAY OF $382,896 WHICH WAS ALSO ADDED TO HER TAXABLE INCOME FOR 2010. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES INCLUDE: (1) VENDOR REFERRAL SERVICES - MAINTENANCE OF AN ONLINE DATABASE OF CERTIFIED MINORITY-OWNED FIRMS WHICH IS ONLY AVAILABLE TO CORPORATE MEMBERS AND ALLOWS THEM TO SEARCH FOR VENDORS WHEN PROCUREMENT OPPORTUNITIES ARE AVAILABLE; (2) 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 BUSINESS CONNECTIONS; (3) INFORMATION CENTER - MAINTENANCE OF A SPECIALIZED LIBRARY AS DEPOSITORY OF RELEVANT INFORMATION ON SUPPLIER DIVERSITY AND MINORITY BUSINESS DEVELOPMENT. 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 THE SEARCH AND SELECTION OF THE PRESIDENT HAS BEEN DELEGATED BY THE BOARD TO THE EXECUTIVE COMMITTEE HEADED BY THE VICE CHAIRMAN OF THE BOARD WHO CHAIRS THE EXECUTIVE COMMITTEE. THE PRESIDENT IS HIRED UNDER CONTRACT AFTER A SEARCH COMMITTEE, CONSISTING OF SELECTED MEMBERS OF THE EXECUTIVE COMMITTEE, INTERVIEWS AND SELECTS THE CANDIDATE BASED ON RECOMMENDATIONS RECEIVED FROM A SEARCH FIRM HIRED TO IDENTIFY AND SCREEN POTENTIAL CANDIDATES. A JOB DESCRIPTION FOR THE POSITION IS PUBLISHED AND COMPENSATION GUIDELINES ARE SET. THE SELECTION OF THE PRESIDENT THEN GETS PRESENTED TO THE BOARD FOR VOTE AND ACCEPTANCE. 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. Form 990, Part VI, lINE 15b 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. BUSINESS CONSORTIUM FUND INC 305 SEVENTH AVENUE 20TH FLOOR NEW YORK NY 10001 133407599 loan fund NY 501(c)(3) 7 na false false false false false false false false false false false false false false false false false false