Nonprofit · EIN 23-7348220
NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $29,739,144 | $31,651,666 | -$1,912,522 | $10,767,642 | $5,322,188 | $5,445,454 |
| December 31, 2023 | 990 | $31,209,506 | $33,120,985 | -$1,911,479 | $13,223,060 | $5,919,361 | $7,303,699 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,311,718
- of which government grants
- $750,000
- Program service revenue
- $19,879,172
- Investment income
- $179,316
- Other revenue
- $368,938
Expenses
- Grants and similar amounts paid
- $265,520
- Other salaries and wages
- $5,355,332
- Salaries, compensation and benefits (total)
- $6,534,367
- Professional fundraising fees
- $0
- Legal fees
- $109,436
- Accounting fees
- $78,393
- Travel
- $727,774
- Depreciation
- $334,864
- Program services (functional)
- $25,231,890
- Management and general (functional)
- $6,388,755
- Fundraising (functional)
- $31,021
Balance sheet and other
- Total assets, start of year
- $13,223,060
- Total assets, end of year
- $10,767,642
- Total liabilities, end of year
- $5,322,188
- Net assets, end of year
- $5,445,454
- Land, buildings and equipment
- $30,311
- Net assets without donor restrictions
- $5,340,454
- Net assets with donor restrictions
- $105,000
- Gross receipts
- $29,739,144
- Employees
- 58
- Volunteers
- 192
- Year formed
- 1973
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YING MCGUIRE | PRESIDENT Officer | 40 | $532,831 | $24,091 |
| LEAHANNE THOMAS | COO Highest-paid employee | 40 | $280,724 | $17,484 |
| PAULINE GEBON | VICE PRESIDENT Highest-paid employee | 40 | $254,546 | $17,843 |
| STEFAN BRADHAM | VICE PRESIDENT Highest-paid employee | 40 | $211,382 | $13,646 |
| LISA MORRIS | VICE PRESIDENT Highest-paid employee | 40 | $201,676 | $15,994 |
| JETHEDA HERNANDEZ | SENIOR DIRECTOR Highest-paid employee | 40 | $179,261 | $14,426 |
| KENDRA BURRIS-AUSTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRENCE CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAURICE COFFEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN DOWNER | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| JACQUELINE DYESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY EUBANKS-SAUNDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KALA GIBSON | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| PAULA GLICKENHAUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KINDLE GOODSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
22 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER GUO | DIRECTOR Trustee or director | 1 | $0 |
| I JAVETTE HINES | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM KAPFER | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA KUBICKI | DIRECTOR Trustee or director | 1 | $0 |
| TARBINLAM LAFON | DIRECTOR Trustee or director | 1 | $0 |
| FIROZ LALJI | DIRECTOR Trustee or director | 1 | $0 |
| MIKE LAPHAM | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS LAYDEN | DIRECTOR Trustee or director | 1 | $0 |
| TRICIA MILLER | DIRECTOR Trustee or director | 1 | $0 |
| BONNIE NIJST | DIRECTOR Trustee or director | 1 | $0 |
| KENNEDY OATES | DIRECTOR Trustee or director | 1 | $0 |
| CARLTON L ONEAL | DIRECTOR Trustee or director | 1 | $0 |
| JORGE PLASENCIA | DIRECTOR Trustee or director | 1 | $0 |
| ANJALI RAMAKUMARAN | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE RICHTER | SECRETARY Trustee or director, Officer | 3 | $0 |
| REGENIA R SANDERS | DIRECTOR Trustee or director | 1 | $0 |
| ANU SAXENA | DIRECTOR Trustee or director | 1 | $0 |
| PHIL SEIDLER | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER SHOMENTA | DIRECTOR Trustee or director | 1 | $0 |
| MARVIN WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
| SUSANNA WEBBER | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 |
| GERALD YOUNGBLOOD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YING MCGUIRE | PRESIDENT Trustee or director, Officer | 40 | $499,569 | $28,363 |
| LEAHANNE THOMAS | COO Highest-paid employee | 40 | $246,949 | $17,303 |
| FERNANDO MARTINEZ | VICE PRESIDENT Highest-paid employee | 40 | $240,935 | $8,938 |
| PAULINE GEBON | VICE PRESIDENT Highest-paid employee | 40 | $215,847 | $22,803 |
| LISA MORRIS | VICE PRESIDENT Highest-paid employee | 40 | $177,321 | $33,479 |
| STEFAN BRADHAM | VICE PRESIDENT Highest-paid employee | 40 | $172,010 | $19,159 |
| SUE BHATIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENDRA BURRIS-AUSTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARVEY BUTLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEREK B CANTEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GABRIEL CASTRO | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BRIAN DOWNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACKIE DYESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN FREEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KALA GIBSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLINT W GRIMES | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| HEATHER HERNDON WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN L HIGHTOWER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKIE IRWIN-AVERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM KAPFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STACEY KEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS LAYDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA LEPORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHASHI MANDAPATY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY MCGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID MCMURRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BONNIE NIJST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TANYA NIXON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARLTON L ONEAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEON RICHARSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE RICHTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REGENIA R SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUY SCHWEPPE | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| STAN SENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE TURKIENICZ | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| SUSANNA WEBBER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHNATHAN JENNINGS | DIRECTOR UNTIL EARLY 2023 Trustee or director | 1 | $0 | $0 |
| FARRYN MELTON | DIRECTOR UNTIL MARCH 16, 2023 Trustee or director | 1 | $0 | $0 |
| MIGUEL GONZALEZ | DIRECTOR UNTIL MAY 15, 2023 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 65 W 36TH ST RM 702, NEW YORK, NY 10018-8018
- In care of
- % CASILDA DEL VALLE
- Principal officer (990 for 2024)
- DONALD R CRAVINS JR, 65 WEST 36TH STREET SUITE 702, NEW YORK, NY 10018
- Signed the 990
- EVERETT C PARKER, CHIEF FINANCIAL OFFICER
- Phone
- (212) 944-2430
- Website
- WWW.NMSDC.ORG
- Return prepared by
- MITCHELL & TITUS LLP
Mission
THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS.
Program accomplishments
- FIELD SERVICES: OVERSEES THE ACTIVITIES OF NMSDC'S REGIONAL AFFILIATES BY MONITORING THEIR ACTIVITIES, PROGRAMS, EVENTS, AND SERVICE DELIVERY TO ENSURE THE APPLICATION OF UNIFORM STANDARDS OF WORK.Expenses $10,236,782 · revenue $14,617,560
- ANNUAL CONFERENCE & EXCHANGE: CONNECTS NMSDC-CERTIFIED MINORITY BUSINESS ENTERPRISES (MBES) WITH NATIONAL/LOCAL CORPORATE MEMBERS, GOVERNMENT ENTITIES, NONPROFITS, AND OTHER BUYERS TO INCREASE THE INCLUSION OF MBES IN THE U.S. SUPPLY CHAIN. ADDITIONALLY, MBES ARE CONNECTED TO EDUCATION, CAPITAL, CONTRACTS, AND OTHER GROWTH AND DEVELOPMENT ACTIVITIES TO ENSURE MBES ARE POISED AND READY TO ENTER AND EXPAND THEIR PRESENCE IN THE U.S. SUPPLY CHAIN, WHILE NATIONAL/LOCAL CORPORATE MEMBERS ARE CONNECTED TO EDUCATION ON HOW TO EXPAND THEIR SUPPLIER DIVERSITY PROGRAMS.Expenses $7,187,761 · revenue $4,725,443
- "CORPORATE SUCCESS, MBE SERVICES & PROGRAMS:CENTERS OF EXCELLENCE CERTIFICATE PROGRAM: A 12-MONTH INNOVATIVE AND RIGOROUS DIVERSE VENDOR BUSINESS DEVELOPMENT INITIATIVE TO FACILITATE THE DEVELOPMENT AND GROWTH OF NMSDC-CERTIFIED MBES WITH $1 MILLION TO LESS THAN $10 MILLION IN SALES TO BECOME MORE PREPARED TO COMPETE EFFECTIVELY AND WIN LARGER CONTRACTS WITH CORPORATIONS, ANCHOR INSTITUTIONS, AND GOVERNMENT AGENCIES.ACRES: CULTIVATING EQUITY IN BLACK AGRICULTURE: A 12-WEEK PROGRAM DESIGNED TO HELP BLACK MINORITY BUSINESS ENTERPRISES (MBES) IN THE AGRICULTURE INDUSTRY GROW THEIR CAPACITY TO TAKE ON MAJOR NATIONAL CONTRACTS WITH NMSDC CORPORATE MEMBERS.NMSDC CYBERPRO TRAINING NETWORK: AN EXTENSIVE TRAINING CURRICULUM DESIGNED FOR SMALL AND MEDIUM-SIZED BUSINESSES, HELPING THEM ESTABLISH A PRIORITIZED SECURITY PROGRAM FOR RESILIENCE AGAINST CYBER-ATTACKS.EMERGING YOUNG ENTREPRENEURS PROGRAM: A YEAR-LONG PROGRAM CREATED TO SUPPORT GEN Z AND MILLENNIAL MINORITY ENTREPRENEURS BETWEEN THE AGES OF 19-35.MBE CENTER FOR ACCELERATED GROWTH, INNOVATION, AND RESILIENCY: A NEW TRANSFORMATION CENTER, FUNDED IN PART BY THE MINORITY BUSINESS DEVELOPMENT AGENCY (MBDA) CAPITAL READINESS GRANT, TO DELIVER COMPREHENSIVE CONTRACT AND CAPITAL READINESS PROGRAMMING NATIONALLY THROUGH THE NMSDC NETWORK. THE PROGRAM BRINGS TOGETHER NETWORK MEMBERS AS WELL AS LEADING MINORITY BUSINESS NONPROFITS AND GOVERNMENT AGENCIES COMMITTED TO SCALING MBES.CAPITAL MANAGERS PROGRAM: A TRANSFORMATIVE INITIATIVE THAT UNLOCKS A GATEWAY TO THE RESOURCES AND SUPPORT SYSTEM CRITICAL FOR ACHIEVING ENTREPRENEURIAL DREAMS. NMSDC HAS CREATED A COMPREHENSIVE DATABASE OF CAPITAL FIRMS WITH AN ETHNIC MINORITY FOUNDER AND/OR A FOCUS ON THE MINORITY BUSINESS ECOSYSTEM."Expenses $4,311,327 · revenue $267,950
- MINORITY BUSINESS ECONOMIC FORUM: CONNECTS THE MOST INFLUENTIAL POLICYMAKERS, ACADEMICS, BUSINESS, AND COMMUNITY LEADERS IN THE U.S. TO DISCUSS THE SYSTEMIC BARRIERS MBES FACE IN GROWING THEIR BUSINESSES AND CREATING GENERATIONAL WEALTH. THIS EVENT PROVIDES A UNIQUE OPPORTUNITY TO PROPOSE SOLUTIONS TO OVERCOME THOSE BARRIERS AND PROMOTE AN INCLUSIVE ECONOMY THAT WORKS FOR ALL.Expenses $3,496,020 · grants $265,520 · revenue $637,157
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7348220
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A99Z)
- Group exemption
- 8159 (3 member organizations)
- Assets (IRS master file)
- $10,767,642
- Income (IRS master file)
- $29,739,144
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $29,739,144 | $31,651,666 | $10,767,642 | XML |
| 990 | December 2023 | $31,209,506 | $33,120,985 | $13,223,060 | XML |
| 990 | December 2022 | $27,312,876 | $26,691,604 | $15,892,163 | IRS |
| 990 | December 2021 | $19,123,388 | $17,354,909 | $14,151,024 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7348220).
Questions about NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC
- What is the EIN of NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC is 23-7348220.
- Is NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 names DONALD R CRAVINS JR.
- Who are the officers and directors of NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 37 people; 6 received compensation from the organization, the highest $532,831 (YING MCGUIRE, PRESIDENT).
- How much revenue does NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $29,739,144, expenses of $31,651,666 and total assets of $10,767,642 at year end.
Organizations in its group exemption (3)
- NORTH CENTRAL MINORITY SUPPLIER DEV EIN 36-3550790 · MINNEAPOLIS, MN · last filed 990 for 2024
- THE PACIFIC SOUTHWEST MINORITY SUPPLIER DEVELOPMENT COUNCIL EIN 86-0754864 · PHOENIX, AZ · last filed 990 for 2024
- PR MINORITY SUPPLIER DEVELOPMENT CO EIN 66-0395316 · SAN JUAN, PR · last filed 990 for 2025
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