2024-10-21T13:59:36-05:00 2023-12-31 954557617 Harrington Group CPAs LLP 2698 Mataro Street Pasadena CA 91107 990 2023-01-01 953244344 Southern California Minority Supplier Development Council Inc SOUT 2136866960 800 West 6th Street 850 Los Angeles CA 90017 Virginia Gomez President 2132896964 2024-10-21 1 0 Oswaldo D Torres CPA P02465082 6264036801 2023 2024-10-15 13:58:12Z Virginia Gomez 800 West 6th Street 850 Los Angeles CA 90017 2276055 0 X www.scmsdc.org X 1978 CA Southern California Minority Supplier Development Council's (SCMSDC) mission is to advance the economic development and business opportunities of diverse suppliers. 12 11 9 11 0 0 951875 1039594 1002849 1173111 41757 47776 1797 15574 1998278 2276055 0 0 0 0 730568 870977 0 0 622547 989365 1062042 1719933 1933019 278345 343036 3634127 4111484 401212 281735 3232915 3829749 X SCMSDC's service area spans thirteen (13) Southern California and Central California counties north of the Mexican border, up to and inclusive of Fresno County, excluding San Diego County. The thirteen counties include Los Angeles, Ventura, Orange, Riverside, San 0 0 961410 1173111 SCMSDC's various services include 1) Validating ownership, management and control by a minority or a group of minorities of an applicant business (MBE certification); 2) Developing diverse suppliers through programs and services that prepare them to do business with majority corporations and help build their capacity; 3) Advocating on issues and challenges that face minority business suppliers, and connects them to corporate members whose procurement needs match their products or services.Through delivery of technical assistance based on recommendations of majority companies and the diverse business community, SCMSDC strategically positions diverse suppliers to increase their readiness, caliber, and ability to grow. Among such offerings are educational as well as professional development programs that focus on leadership, communications, business acumen, finance & accounting (including access to capital), strategic planning, and "how to" workshops on a variety of topics & issues including electronic Request for Proposal workshops (eRFP), Reverse Auction seminars & other tangible procurement knowledge, and contemporary business issues. 961410 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 8 0 1 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X Virginia Gomez 2136896965 800 West Sixth Street Suite 850 Los Angeles CA 90017 Virginia Gomez President/CEO 60.00 X X 162065 0 10168 Joe Chow Board Chair 2.00 X X 0 0 0 Vicky Harper-Hall Vice-Chair 2.00 X X 0 0 0 Michael Cooper Treasurer 2.00 X X 0 0 0 Jinus Moghbeli Secretary 2.00 X X 0 0 0 Luis Armona Director 2.00 X 0 0 0 Joe Blackstone Director 2.00 X 0 0 0 Bob Carlson Director 2.00 X 0 0 0 Chamberlain Duru Director 2.00 X 0 0 0 Oscar Orozco Director 2.00 X 0 0 0 Anita Ron MBEIC Chair 2.00 X 0 0 0 Darretta Whitfield Director 2.00 X 0 0 0 Richard Hazel VP of Operations 60.00 X 114673 0 14099 Marlene Nantell VP of External Affairs 60.00 X 131092 0 15143 407830 0 39410 3 0 1 0 0 528014 151417 360163 1039594 MBE Program Revenue 524298 1173111 1173111 1173111 47776 47776 Miscellaneous 900099 15574 15574 15574 2276055 1173111 0 63350 170059 123104 28568 18387 523996 339355 61674 122967 16076 9646 5305 1125 102818 61691 33930 7197 58028 28710 16952 12366 9980 9980 103570 75606 10357 17607 12583 12583 140553 103557 29790 7206 23400 2178 21222 40710 18322 9923 12465 92402 19032 28981 44389 401628 105227 20991 275410 42573 18827 12883 10863 14724 8499 6200 25 14573 9472 2332 2769 7956 4692 1705 1559 Events & facilities 62934 1504 61430 Bad debt expense 55000 5000 50000 Merchant fees 33463 30670 568 2225 Dues & subscriptions 4940 1605 3335 1053 1053 1933019 961410 349062 622547 273664 385914 1355268 1467301 105618 196160 419382 397913 33173 21469 1706273 1991151 160131 49489 3634127 4111484 153421 161897 81666 81249 166125 38589 401212 281735 X 3095747 3650126 137168 179623 3232915 3829749 3634127 4111484 343036 253798 0 X 0 1 X 1 0 X 795382 659077 783505 951875 1039594 4229433 795382 659077 783505 951875 1039594 4229433 221250 4008183 30671 36253 51003 41757 47776 207460 2897 1535 1290 1797 15574 23093 4459986 4709760 0.89870 0.87540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131168 26455 157623 160170 -28852 150 131168 137199 22971 160170 118557 18642 137199 96870 21687 118557 0.00000 0.31700 0.68300 0 0 91351 91351 0 257036 237090 19946 70995 69472 1523 21469 Lease liabilites - operating leases 38589 38589 X 2529853 253798 253798 2276055 0 2276055 1933019 0 1933019 0 1933019 Part V, Line 4: Permanent funds represent contributions which the donor has stipulated that the principal is to be kept intact in perpetuity and only the interest and dividends therefrom may be expended for unrestricted purposes. Part X, Line 2: SCMSDC is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by SCMSDC in its federal and state exempt organizations tax returns are more likely than not to be sustained upon examination. SCMSDC returns are subject to examination by federal and state taxing authorities, generally for three and four years respectively, after they are filed. X 0 0 0 0 0 0 0 1 0 Virginia Gomez President/CEO 146090 0 15975 0 0 0 7995 0 2173 0 172233 0 0 0 Part I, Line 7: The compensation for the President is reviewed and approved by the Executive Committee of SCMSDC which include salary increases and bonuses. Marlene Nantell VP of External Affairs, daughter of CEO. 131092 Employee compensation 0 Form 990, Part III, Line 1, Description of Organization Mission: Bernardino, Imperial, Kern, Santa Barbara, San Luis Obispo, Kings, Tulare, Inyo, and Fresno. Headquartered in Los Angeles, the Council administers programs and services geared to developing business acumen, capacity building, and future sustainability. It operates under four pillars: 1) MBE certification (validating 51% owned, operated, managed and controlled by a minority or group of minorities); 2) professional development (presenting, conducting programs & services relevant to business growth, understanding supply chain processes, access to capital, etc); 3) connection to potential clients or customers at the Council's networking, matchmaking and other activities and events; 4) advocating in and for the interests of diverse-owned businesses, specifically MBEs. Form 990, Part VI, Section B, line 11b An independent, third party Auditing firm, prepares the Council's tax return, reviewed for accuracy of the financial information by the Council's accounting contractor, reviewed by the President/CEO before submitting to the Board of Directors' Executive Committee (which also serves as the Council's Finance Committee) for its review, and ultimately submitted to the full Board of Directors before filing. Form 990, Part VI, Section B, line 12c The Conflict of Interest policy is annually reviewed at the Board meeting. Each Board member is required to sign and certify in writing a Conflict of Interest Statement each year. Form 990, Part VI, Section B, line 15a The compensation for the President is reviewed and approved by the Executive Committee of SCMSDC which includes salary increase and bonuses. 15(b) was answered "No" as there were no other officers or key employees as defined by Form 990 instructions who were compensated. Form 990, Part VI, Section C, line 19 Governing documents are limited to Corporate members only. The Form 990 is available upon request and also on Guidestar.org which is retrieved from the IRS.