Nonprofit · EIN 36-3550790
NORTH CENTRAL MINORITY SUPPLIER DEV
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,317,371 | $1,317,932 | -$561 | $1,456,175 | $967,064 | $489,111 |
| December 31, 2023 | 990 (amended) | $1,186,059 | $1,179,965 | $6,094 | $933,604 | $443,932 | $489,672 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,109,303
- Membership dues
- $384,164
- Program service revenue
- $206,728
- Investment income
- $1,340
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $107,016
- Other salaries and wages
- $468,140
- Salaries, compensation and benefits (total)
- $649,516
- Professional fundraising fees
- $0
- Legal fees
- $6,434
- Accounting fees
- $86,609
- Occupancy
- $20,600
- Travel
- $47,995
- Depreciation
- $1,176
- Program services (functional)
- $707,976
- Management and general (functional)
- $591,224
- Fundraising (functional)
- $18,732
Balance sheet and other
- Total assets, start of year
- $933,604
- Total assets, end of year
- $1,456,175
- Total liabilities, end of year
- $967,064
- Net assets, end of year
- $489,111
- Land, buildings and equipment
- $3,418
- Net assets without donor restrictions
- $489,111
- Gross receipts
- $1,317,371
- Employees
- 7
- Volunteers
- 30
- Year formed
- 1994
- State of legal domicile
- MN
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 |
|---|---|---|---|---|
| CAROLYN MOSBY | PRESIDENT Officer | 60 | $106,940 | $76 |
| VERONICA JOHNSON | CHAIR/PART-YEAR PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LORENZO BELL | CHAIR Trustee or director | 1 | $0 | $0 |
| SHANNON PATEL | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| NATALIE MCGRADY | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| EDNA ABERNATHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESUS C SANCHEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN TOBLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARREN HARMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PREMA PATIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADONICA RANDALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON SEGAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINOO SEIFODDINI | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAMANI SHORT | DIRECTOR Trustee or director | 1 | $0 |
| YOLANDA PIERSON | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT SIMPSON | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER OLSON | PRESIDENT/CEO Officer | 40 | $148,741 | $17,569 |
| CAROLYN MOSBY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| VERONICA JOHNSON | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| LORENZO BELL | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| NATALIE MCGRADY | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| EDNA ABERNATHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN MOSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HECTOR MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESUS C SANCHEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN TOBLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARREN HARMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PREMA PATIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADONICA RANDALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON SEGAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINOO SEIFODDINI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAMANI SHORT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT SIMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN MITCHELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YOLANDA PIERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 3RD AVE S STE 240, MINNEAPOLIS, MN 55401-2579
- In care of
- % HEATHER OLSON
- Principal officer (990 for 2024)
- JASON HOLTON, 9300 WEST HEATHER AVENUE, MILWAUKEE, WI 53224
- Signed the 990
- LORENZO BELL, BOARD CHAIR
- Phone
- (414) 245-2147
- Website
- WWW.NORTHCENTRALMSDC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
NCMSDC'S MISSION IS TO PROVIDE BUSINESS DEVELOPMENT SERVICES TO CORPORATE MEMBERS AND CERTIFIED MBES TO ENHANCE RELATIONSHIPS AND MAXIMIZE BUSINESS OPPORTUNITIES.
Program accomplishments
- MBDA SUPPORTS AND PROMOTES THE GROWTH OF COMPETITIVE MINORITY BUSINESS ENTERPRISES.Expenses $707,976 · revenue $206,728
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
- 36-3550790
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 8159: NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC
- Assets (IRS master file)
- $1,456,175
- Income (IRS master file)
- $1,317,371
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,317,371 | $1,317,932 | $1,456,175 | XML |
| 990 | December 2023 | $1,186,059 | $1,179,965 | $933,604 | XML |
| 990 | December 2022 | $944,500 | $947,526 | $658,383 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 36-3550790).
Questions about NORTH CENTRAL MINORITY SUPPLIER DEV
- What is the EIN of NORTH CENTRAL MINORITY SUPPLIER DEV?
- The employer identification number (EIN) of NORTH CENTRAL MINORITY SUPPLIER DEV is 36-3550790.
- Is NORTH CENTRAL MINORITY SUPPLIER DEV tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Which annual return does NORTH CENTRAL MINORITY SUPPLIER DEV 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 NORTH CENTRAL MINORITY SUPPLIER DEV 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 NORTH CENTRAL MINORITY SUPPLIER DEV 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 NORTH CENTRAL MINORITY SUPPLIER DEV?
- The 990 for the year ended December 31, 2024 names JASON HOLTON.
- Who are the officers and directors of NORTH CENTRAL MINORITY SUPPLIER DEV?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $106,940 (CAROLYN MOSBY, PRESIDENT).
- How much revenue does NORTH CENTRAL MINORITY SUPPLIER DEV have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,317,371, expenses of $1,317,932 and total assets of $1,456,175 at year end.
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