2012-09-11T16:40:10-05:00 2011-12-31 MITCHELL & TITUS LLP ONE BATTERY PARK PLAZA NEW YORK NY 10004 990 2011-01-01 237348220 NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC % CASILDA DEL VALLE NATI 2129442430 1359 Broadway New York NY 10018 Joset Wright 2012-09-10 FREDERICK DAVIS 2127094500 2011 2016-02-24 21:20:13Z Joset B Wright 1359 Broadway Suite 1000 New York NY 10018 15081870 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. 79 78 25 262 0 2170900 2357375 12054308 12347591 175813 169596 -202907 -241014 14198114 14633548 0 0 0 0 3052484 2907908 0 0 211577 11070587 11332760 14123071 14240668 75043 392880 10295612 11524776 3210472 4046756 7085140 7478020 X THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS. false false 6714598 7157515 FIELD OPERATIONS: MANAGES A NETWORK OF REGIONAL MINORITY SUPPLIER DEVELOPMENT COUNCILS, MONITORS THEIR ACTIVITIES, SERVICES AND UNIFORM STANDARD OF WORK. 2414798 2608894 ANNUAL CONFERENCE: EVALUATES ORGANIZATION'S PERFORMANCE, CONDUCTS WORKSHOPS AND SEMINARS FOR MINORITY SUPPLIERS AND CORPORATE MEMBERS. 679014 1195840 MEMBERS SERVICES: PROVIDES TRAINING, NETWORKING AND REFERRAL OPPORTUNITIES TO MINORITY SUPPLIERS AND OTHER SERVICES TO CORPORATE MEMBERS. 1541820 1385342 11350230 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 false true 50 0 true 25 true false false false false false true true false false false false X 79 78 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 JEAN ABADERSCHNEIDER 1.0 X 0 0 0 TERESA BARRERA 1.0 X 0 0 0 BILL BOODRY 1.0 X 0 0 0 JILL B BOSSI 1.0 X 0 0 0 JULIA M BROWN 1.0 X 0 0 0 LINDA M CANTWELL 1.0 X 0 0 0 ALBERT CHEN 1.0 X 0 0 0 JOYCE CHRISTANIO 1.0 X 0 0 0 DENISE COLEY 2.0 X 0 0 0 ROBERT C DANVILLE 1.0 X 0 0 0 GRETA F DAVIS 1.0 X 0 0 0 T THOMAS DAVIS 2.0 X 0 0 0 NANCY DESKINS 1.0 X 0 0 0 ANA DIAZ 1.0 X 0 0 0 SONYA L DUKES 1.0 X 0 0 0 TIFFANY EUBANKS-SAUNDERS 1.0 X 0 0 0 BENITA FORTNER 2.0 X 0 0 0 RICK A FRAZIER 1.0 X 0 0 0 DONNA DOZIER GORDON 1.0 X 0 0 0 LOUIS GREEN 2.0 X 0 0 0 ROBERT HALTER 1.0 X 0 0 0 TIMOTHY S HARDEN 1.0 X 0 0 0 FERNANDO J HERNANDEZ 1.0 X 0 0 0 HERSCHEL HERNDON 1.0 X 0 0 0 SIGMUND E HUBER 1.0 X 0 0 0 RICHARD A HUGHES 2.0 X 0 0 0 DEBRA A JENNINGS-JOHNSON 1.0 X 0 0 0 SIDNEY JOHNSON 2.0 X 0 0 0 HUBERT JONES 1.0 X 0 0 0 JOAN N KERR 1.0 X 0 0 0 FRED KEETON 1.0 X 0 0 0 REGINAL K LAYTON 2.0 X 0 0 0 MARIANO LEGAZ 1.0 X 0 0 0 FRED LONA 1.0 X 0 0 0 LEO G LONERGAN 1.0 X 0 0 0 LINDA MACLEAN 1.0 X 0 0 0 HENRY S MARTIN JR 1.0 X 0 0 0 LISA F MARTIN 2.0 X 0 0 0 STEPHANE MASSON 1.0 X 0 0 0 WILLIAM G MAYS 1.0 X 0 0 0 RUBY MCCLEARY 1.0 X 0 0 0 ROBERT MCCORMES-BALLOU 1.0 X 0 0 0 FARRYN MELTON 1.0 X 0 0 0 J JOE MENA 1.0 X 0 0 0 DENNIS P MILLER 1.0 X 0 0 0 ROHENA A MILLER 2.0 X 0 0 0 STEVEN G MILLER 1.0 X 0 0 0 ROBERT NELSON 1.0 X 0 0 0 MITCH PARRISH 1.0 X 0 0 0 JEFFREY PLACE 1.0 X 0 0 0 CARLA PRESTON 1.0 X 0 0 0 GLORIA D 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 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 DKSINGH 2.0 X 0 0 0 SKIP SKIVINGTON 1.0 X 0 0 0 CONNIE W SMITH 1.0 X 0 0 0 RICHARD SPOOR 1.0 X 0 0 0 MARK STOLARCZYK 1.0 X 0 0 0 GEN 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 A 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 DAVID R WHEELER 1.0 X 0 0 0 JANICE B WILLIAMS-HOPKINS 1.0 X 0 0 0 FRANCENE YOUNG 1.0 X 0 0 0 TERRY J LUNDGREN 1.0 X X 0 0 0 SHELLEY STEWART JR 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 298874 0 16298 CASILDA DEL VALLE 35.0 X 200910 0 34084 MARQUIS MILLER 35.0 X 173273 0 0 KANITA SANDIDGE 35.0 X 149625 0 10230 DONNA LONG 35.0 X 153304 0 21372 IDA S EADDY 35.0 X 140554 0 15468 ERIC VICIOSO 35.0 X 108855 0 8435 1225395 0 105887 8 false true false LEVY RESTAURANTS 285 ANDREW YOUNG INTL BLVD ATLANTA GA 30313 FOOD SERVICES 337742 New York Hilton Towers 1335 Avenue of the Americas NEW YORK NY 10019 Lodging & food svcs 255062 21st Century Expo Group 2404 FAIRLAWN STREET TAMPLE HILLS MD 20748 EXHIBIT MANAGEMENT 245777 HYATT REGENCY ATLANTA 265 PEACHTREE STREET NE ATLANTA GA 30303 LODGING & FOOD SVCS 223526 RESTAURANT ASSOCIATES 225 BAKER STREET ATLANTA GA 30313 FOOD SERVICE 204747 8 695225 1662150 5000 2357375 TRADE SHOW AND MEETING FEES 900099 3292908 3292908 SEMINAR REGISTRATION AND TUITIONS 611430 79792 79792 MEMBERSHIP DUES 900099 8747885 8747885 PARTICIPATION FEES-CENTERS OF EXCELLENCE 900099 32500 32500 PARTICIPATION FEES-INTERNATIONAL PROGRAM 900099 63500 63500 131006 131006 12347591 169596 169596 0 0 0 201775 695225 448322 -246547 -246547 0 0 OTHER REVENUE 900099 5533 5533 5533 14633548 12353124 -76951 0 0 0 0 547550 547550 0 1921404 1383696 405763 131945 92499 57969 18902 15628 200864 113511 77812 9541 145591 89819 48036 7736 1255951 889597 366354 0 28652 18751 9901 0 47170 0 47170 0 0 0 0 0 0 548554 419982 97104 31468 45490 31142 14348 0 0 951246 168895 782351 0 322992 275967 46955 70 0 1050699 1030459 20180 60 0 6345237 6345237 0 0 273795 135633 136649 1513 0 TEMPORARY HELP 102418 95189 336 6893 CREDIT CARD MERCHANT SERVICES 84951 84951 0 0 SECURITY SERVICES 26543 23348 3195 0 DECORATIONS 49856 46431 3425 0 199206 139653 52830 6723 14240668 11350230 2678861 211577 877229 1017331 3478999 4397816 0 0 960121 786314 0 0 0 0 0 0 0 0 130757 122727 2867616 1783016 1173238 1084600 0 0 3325826 3947857 0 0 0 0 349442 168131 10295612 11524776 821908 1491476 0 0 1791941 1946032 0 0 0 0 0 0 0 0 0 0 596623 609248 3210472 4046756 X 6980140 7360894 5000 17126 100000 100000 7085140 7478020 10295612 11524776 392880 X false true true X false X 2628479 2421179 1914125 2170900 2357375 11492058 2628479 2421179 1914125 2170900 2357375 11492058 235965 11256093 356771 323085 239453 175813 169596 1264718 354980 238076 73811 22597 5533 694997 13451773 62671542 0.83677 0.82718 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1193166 35851 1229017 1146426 46740 1193166 100000 100000 100000 5600 4800 800 100000 0.91863 0.08137 false false 868331 198732 669599 1443786 1144808 298978 555499 439476 116023 1084600 ANNUITY INVESTMENTS 2851026 F CERTIFICATES OF DEPOSIT - LT 805920 F ARTWORK 25922 F DEFERRED COMPENSATION 264989 F 3947857 0 DEFERRED RENT CREDITS 344259 DEFERRED COMPENSATION 264989 609248 14633548 14240668 392880 392880 15146602 64732 448322 513054 14633548 14633548 14753722 64732 448322 513054 14240668 14240668 Form 990, Schedule D, Part X, Line 2 Management analyzed the National Minority Supplier Development Council's tax positions, and it concluded that as of December 31, 2011, there are no uncertain positions taken or expected to be taken. Form 990, Schedule D, Part XII & XIII, Line 2d DIRECT EXPENSES from FUNDRAISING EVENTS: $448,322. 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. 897000 695225 201775 228536 21050 198736 0 897000 695225 201775 228536 21050 198736 448322 -246547 X X false false false false false false false false false JOSET B WRIGHT 247442 0 50400 0 1032 0 13540 0 2758 0 315172 0 0 0 CASILDA DEL VALLE 187629 0 11697 0 1584 0 28686 0 5398 0 234994 0 0 0 MARQUIS MILLER 164471 0 8250 0 552 0 0 0 0 0 173273 0 0 0 KANITA SANDIDGE 140854 0 7187 0 1584 0 10230 0 0 0 159855 0 0 0 DONNA LONG 143015 0 7241 0 3048 0 19814 0 1558 0 174676 0 0 0 IDA S EADDY 115355 0 7115 0 18084 0 9848 0 5620 0 156022 0 0 0 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 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 false