2014-07-23T14:56:48-05:00 2013-12-31 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2013-01-01 237348220 NATIONAL MINORITY SUPPLIER DEVELOPMENT Council Inc % CASILDA DEL VALLE NATI 2129442430 1359 Broadway Suite 1000 New York NY 10018 Joset B Wright President 2129442430 2014-07-21 true FREDERICK DAVIS 2127094500 2013 2015-11-30 17:44:51Z Joset B Wright 1359 Broadway Suite 1000 New York NY 10018 14743435 false X www.nmsdc.org X 1973 IL THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. 80 79 32 345 0 3785350 2127336 12155941 12209872 135066 134100 -241216 -196487 15835141 14274821 0 0 0 0 3353105 3383408 0 0 269667 11244831 11384446 14597936 14767854 1237205 -493033 11898071 11850132 3182846 3627940 8715225 8222192 X THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. false false 7194494 6213343 7194494 FIELD OPERATIONS: MANAGES A NETWORK OF REGIONAL MINORITY SUPPLIER DEVELOPMENT COUNCILS, MONITORS THEIR ACTIVITIES, SERVICES AND UNIFORM STANDARD OF WORK. 2117897 81291 2605073 ANNUAL CONFERENCE: EVALUATES ORGANIZATION'S PERFORMANCE, CONDUCTS WORKSHOPS AND SEMINARS FOR MINORITY SUPPLIERS AND CORPORATE MEMBERS. 975800 1079305 MEMBERS SERVICES: PROVIDES TRAINING, NETWORKING AND REFERRAL OPPORTUNITIES TO MINORITY SUPPLIERS AND OTHER SERVICES TO CORPORATE MEMBERS. 1357026 12491 1362327 11645217 true true false false false false false false false true true true false false true true 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 true 46 0 true 32 true false false false false false true true false false false false X 80 79 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 FARAD ALI DIRECTOR 1.0 0.0 X 0 MARK ARTIGUES DIRECTOR 1.0 0.0 X DAVID BARFIELD DIRECTOR 1.0 0.0 X RICARDO BARRIENTOS DIRECTOR 1.0 0.0 X BILL BROODY DIRECTOR 2.0 0.0 X JILL B BOSSI DIRECTOR 1.0 0.0 X JULIA M BROWN DIRECTOR 1.0 0.0 X BRENDA L BURKE DIRECTOR 1.0 0.0 X ALBERT CHEN DIRECTOR 2.0 0.0 X JOYCE CHRISTANIO DIRECTOR 1.0 0.0 X DENISE COLEY DIRECTOR 2.0 0.0 X GRETA F DAVIS DIRECTOR 1.0 0.0 X T THOMAS DAVIS DIRECTOR 2.0 0.0 X NANCY DESKINS DIRECTOR 1.0 0.0 X ANA C DIAZ DIRECTOR 1.0 0.0 X SONYA L DUKES DIRECTOR 1.0 0.0 X TIFFANY EUBANKS-SAUNDERS DIRECTOR 1.0 0.0 X BENITA FORTNER DIRECTOR 2.0 0.0 X PAULINE GEBON DIRECTOR 1.0 0.0 X DONNA DOZIER GORDON DIRECTOR 1.0 0.0 X NICK GUNN DIRECTOR 1.0 0.0 X ROBERT J HALTER DIRECTOR 2.0 0.0 X FERNANDO J HERNANDEZ DIRECTOR 1.0 0.0 X MICHAEL HOFFMAN DIRECTOR 1.0 0.0 X JIM HOLLOWAY DIRECTOR 1.0 0.0 X SIGMUND E HUBER DIRECTOR 1.0 0.0 X RICHARD A HUGHES DIRECTOR 1.0 0.0 X TAMI R HUNTER DIRECTOR 1.0 0.0 X BEVERLY A JENNINGS DIRECTOR 1.0 0.0 X DEBRA A JENNINGS-JOHNSON DIRECTOR 1.0 0.0 X SIDNEY JOHNSON DIRECTOR 2.0 0.0 X GARY KALLENBACH DIRECTOR 1.0 0.0 X FRED KEETON DIRECTOR 1.0 0.0 X JOAN N KERR DIRECTOR 1.0 0.0 X SALAH KHALAF DIRECTOR 1.0 0.0 X PATRICK N KNIGHT DIRECTOR 1.0 0.0 X WILLIAM F KORNEGAY DIRECTOR 1.0 0.0 X THOMAS E LAKE DIRECTOR 1.0 0.0 X REGINALD K LAYTON DIRECTOR 2.0 0.0 X MARIANO LEGAZ DIRECTOR 1.0 0.0 X MARIA LINDENBERG DIRECTOR 1.0 0.0 X FERNANDO MARTINEZ DIRECTOR 2.0 0.0 X RUBY MCCLEARY DIRECTOR 1.0 0.0 X FARRYN MELTON DIRECTOR 2.0 0.0 X J JOE MENA DIRECTOR 1.0 0.0 X ROHENA A MILLER DIRECTOR 2.0 0.0 X STEVEN G MILLER DIRECTOR 2.0 0.0 X DENISE NAGUIB DIRECTOR 1.0 0.0 X ROBERT W NOEL DIRECTOR 1.0 0.0 X MITCH PARRISH DIRECTOR 1.0 0.0 X PAVAN PATTADA DIRECTOR 1.0 0.0 X NICOLE M PETERSON DIRECTOR 1.0 0.0 X JEFFREY PLACE DIRECTOR 1.0 0.0 X CARLA PRESTON DIRECTOR 1.0 0.0 X GLORIA D PUALANI DIRECTOR 1.0 0.0 X TERRI L QUINTON DIRECTOR 2.0 0.0 X RODERICK RICKMAN DIRECTOR 2.0 0.0 X QUENTIN ROACH DIRECTOR 1.0 0.0 X SALLY SABA DIRECTOR 1.0 0.0 X GUY SCHWEPPE DIRECTOR 1.0 0.0 X JAMES J SHEEHY DIRECTOR 1.0 0.0 X DK SINGH DIRECTOR 1.0 0.0 X MARK STOLARCZYK DIRECTOR 1.0 0.0 X MARIANNE STROBEL DIRECTOR 1.0 0.0 X BARBARA A TAYLOR DIRECTOR 1.0 0.0 X RENEE J TAYLOR DIRECTOR 1.0 0.0 X DENISE R THOMAS DIRECTOR 1.0 0.0 X HOWARD E THOMPSON DIRECTOR 1.0 0.0 X TERREZ M THOMPSON DIRECTOR 1.0 0.0 X GUY WAGNER DIRECTOR 1.0 0.0 X LINDA A WARE DIRECTOR 1.0 0.0 X DAVID R WHEELER DIRECTOR 2.0 0.0 X JANICE B WILLIAMS-HOPKINS DIRECTOR 1.0 0.0 X CHESTER R YANCY DIRECTOR 1.0 0.0 X FRANCINE YOUNG DIRECTOR 1.0 0.0 X KEITH E WANDELL CHAIRMAN 1.0 0.0 X X SHELLY STEWART JR VICE CHAIRMAN 2.0 0.0 X X I JAVETTE HINES SECRETARY 2.0 0.0 X X DENNIS P MILLER TREASURER 2.0 0.0 X X JOSET B WRIGHT PRESIDENT 35.0 0.0 X X 296191 0 23705 CASILDA DEL VALLE VICE PRESDIENT 35.0 0.0 X 205874 0 31925 MARQUIS MILLER VICE PRESIDENT 35.0 0.0 X 187121 0 13589 DONNA LONG VICE PRESIDENT 35.0 0.0 X 166869 0 11694 KANITA D SANDIDGE VICE PRESIDENT 35.0 0.0 X 154748 0 10328 IDA S EADDY VICE PRESIDENT 35.0 0.0 X 161453 0 15186 Len Leach Vice President 35.0 0.0 X 144365 0 8389 1316621 0 114816 11 false true false THE RK GROUP PO BOX 1361 SAN ANTONIO TX 782951361 FOOD SERVICES 353794 GRAND HYATT SAN ANTONIO 600 EAST MARKET STREET SAN ANTONIO TX 78205 Lodging & food svcs 280025 NEW YORK HILTON TOWERS 1335 AVENUE OF THE AMERICAS NEW YORK NY 10019 Lodging & food svcs 276742 21ST CENTURY EXPO GROUP 2404 FAIRLAWN STREET TEMPLE HILLS MD 20748 EXHIBIT MANAGEMENT 255000 ACCENTURE LLP PO BOX 70629 CHICAGO IL 606730629 CONSULTANTS-NETWORK 219112 9 747200 1380136 2127336 TRADE SHOW AND MEETING FEES 561920 3332123 3332123 SEMINAR REGISTRATION AND TUITIONS 611430 73920 73920 MEMBERSHIP DUES 813990 8591726 8591726 PARTICIPATION FEES - CENTERS OF EXCELLENCE 900099 20000 20000 PARTICIPATION FEES - INTERNATIONAL PROGRAM 900099 15300 15300 176803 176803 12209872 134100 134100 0 0 0 0 0 0 240800 468614 -227814 -227814 0 0 PRIOR PERIOD ADJUSTMENTS 900099 31009 31009 OTHER REVENUE 900099 318 318 31327 14274821 12241199 -93714 0 0 0 0 553079 553079 0 2276245 1598560 517481 160204 116673 85757 22723 8193 257985 144306 98130 15549 179426 106701 58683 14042 1321126 1099949 170094 51083 55448 42943 12505 63377 63377 0 0 0 0 333 263 70 0 642055 513304 121230 7521 64442 49077 15344 21 0 854393 67320 787073 299922 237601 58867 3454 0 850974 830068 20282 624 0 6307125 6307125 592096 290763 299709 1624 0 Temporary Help 91942 78881 8100 4961 Credit card merchant services 80200 80200 Security services 34591 31304 3287 LICENSING FEES/PERMITS 18735 1202 17533 0 107687 79893 25403 2391 14767854 11645217 2852970 269667 0 549557 2546774 2471924 0 0 1017253 555980 0 0 0 0 0 0 0 0 129626 342321 5010192 2807933 2576943 2202259 0 0 5458914 5559109 0 0 0 0 168561 168982 11898071 11850132 1012118 926958 0 0 1557009 2106195 0 0 0 0 0 0 0 0 0 0 613719 594787 3182846 3627940 X 8610225 8117192 5000 5000 100000 100000 8715225 8222192 11898071 11850132 -493033 X false true X true false X 1914125 2170900 2357375 3785350 2127336 12355086 0 0 1914125 2170900 2357375 3785350 2127336 12355086 1872160 10482926 239453 175813 169596 161344 134100 880306 0 73811 22597 5533 13577 31327 146845 13382237 61157381 0.78335 0.75929 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1265933 37978 1303911 1229017 36916 1265933 1193166 35851 1229017 1146426 46740 1193166 100000 100000 0.92330 0.07670 false false 868331 340166 528165 3586362 1971253 1615109 555499 496514 58985 2202259 Annuities 3509134 F Certificates of Deposit 1323266 F Real Estate Investment Trusts 435133 F Mutual Funds 234799 F Money Market Funds 25811 F Corporate Bond 5044 F Artwork 25922 C 5559109 0 Deferred Compensation 265654 Deferred Rent Credits 329133 594787 X 14779692 36257 36257 14743435 -468614 -468614 14274821 15272725 36257 468614 504871 14767854 14767854 Form 990, Schedule D, 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 Councils tax positions, and it concluded that as of December 31, 2013, 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 2010. Form 990, Schedule D, Part XI, Line 4b & XII, Line 2d DIRECT EXPENSES from FUNDRAISING EVENTS: $468,614. Form 990, Part V, Line 4 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 988000 747200 240800 250941 20278 197395 0 988000 747200 240800 250941 20278 197395 468614 -227814 X X X true false false false false false false false false JOSET B WRIGHT PRESIDENT 255159 0 40000 0 1032 0 20804 0 2901 0 319896 0 0 0 CASILDA DEL VALLE VICE PRESDIENT 186934 0 8106 0 10834 0 28670 0 3255 0 237799 0 0 0 MARQUIS MILLER VICE PRESIDENT 169500 0 17069 0 552 0 13589 0 0 0 200710 0 0 0 DONNA LONG VICE PRESIDENT 71365 0 0 95504 0 8539 0 3155 0 178563 0 0 0 KANITA D SANDIDGE VICE PRESIDENT 145704 0 5996 0 3048 0 10328 0 0 0 165076 0 0 0 IDA S EADDY VICE PRESIDENT 133500 0 8869 0 19084 0 11497 0 3689 0 176639 0 0 0 Len Leach Vice President 135339 0 8474 0 552 0 5720 0 2669 0 152754 0 0 0 Form 990, Schedule J, Part I, Line 4a Donna Long received severance payment in the amount of 95,504 upon termination. 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 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 accessed for services provided, accordingly, they are not tax deductible as contributions and are reported as program income on Form 990. 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 Vice President of Finance and Administration completes the questionnaire provided by preparer (Mitchell & Titus) from which a draft is generated. Draft is submitted to Vice President of Finance and Administration 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 Treasurer for his review and comment. 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, 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 NMSDC Board of Directors is made of 80 members which has been deemed too large. As a result, NMSDC is in the process of revising its by-laws to reduce the Board size to a maximum of 50 members. The reporting of conflict of interest by Board members will be addressed accordingly. 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. 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 true false false