Nonprofit · EIN 56-1191106
CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC
Tax-exempt · CHARLOTTE, NC 28269
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,447,676 | $1,478,982 | -$31,306 | $1,708,679 | $151,391 | $1,557,288 |
| December 31, 2023 | 990 | $1,436,348 | $1,316,374 | $119,974 | $1,656,064 | $48,393 | $1,607,671 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $536,173
- Membership dues
- $107,700
- Program service revenue
- $893,429
- Investment income
- $18,074
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $555,294
- Salaries, compensation and benefits (total)
- $680,621
- Professional fundraising fees
- $0
- Legal fees
- $1,391
- Accounting fees
- $35,650
- Occupancy
- $37,440
- Travel
- $59,745
- Depreciation
- $2,070
- Program services (functional)
- $1,166,064
- Management and general (functional)
- $146,060
- Fundraising (functional)
- $166,858
Balance sheet and other
- Total assets, start of year
- $1,656,064
- Total assets, end of year
- $1,708,679
- Total liabilities, end of year
- $151,391
- Net assets, end of year
- $1,557,288
- Land, buildings and equipment
- $2,922
- Net assets without donor restrictions
- $1,477,288
- Net assets with donor restrictions
- $80,000
- Gross unrelated business income
- $18,074
- Gross receipts
- $1,447,676
- Employees
- 7
- Volunteers
- 30
- Year formed
- 1977
- State of legal domicile
- NC
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 |
|---|---|---|---|
| DOMINIQUE MILTON | PRESIDENT & CEO Key employee | 40 | $177,911 |
| DEBRA WHITE | PAST CHAIR Former | 2 | $0 |
| JONATHAN WILKINS | CHAIR Trustee or director, Officer | 2 | $0 |
| CATHY WILLIAMS | 1ST VICE CHAIR Trustee or director, Officer | 2 | $0 |
| S DALLAS SIMMONS | TREASURER Trustee or director, Officer | 2 | $0 |
| ANDREA HORNE | SECRETARY Trustee or director, Officer | 2 | $0 |
| ALEX MOORE | MBEIC CHAIR Trustee or director | 1 | $0 |
| TJ LEWIS | RING CHAIR Trustee or director | 1 | $0 |
| ANDREA HORNE | RING IST VICE CHAIR Trustee or director | 1 | $0 |
| JULIE RAKES | RING TREASURER Trustee or director | 1 | $0 |
| ASHLEY CAMPBELL | RING Trustee or director | 1 | $0 |
| MIA LLOYD SULLIVAN | RING Trustee or director | 1 | $0 |
| J ALEX AGYEMANG | RING Trustee or director | 1 | $0 |
| ANDREA JOHNSON | MBEIC Trustee or director | 1 | $0 |
| CARLO WHITE | MBEIC Trustee or director | 1 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEMAH WASHINGTON | MBEIC Trustee or director | 1 | $0 |
| JASMINE BEARD | MBEIC Trustee or director | 1 | $0 |
| MOSES FOSTER | MBEIC Trustee or director | 1 | $0 |
| DERRICK DAVIS | MBEIC Trustee or director | 1 | $0 |
| RICK HOWARD | AT LARGE Trustee or director | 1 | $0 |
| LISSA MILLER | AT LARGE Trustee or director | 1 | $0 |
| WENDELL BROWN | AT LARGE Trustee or director | 1 | $0 |
| SHATARA WEAVER | AT LARGE Trustee or director | 1 | $0 |
| KATINA ADAMS | AT LARGE Trustee or director | 1 | $0 |
| LES LAMBERT | AT LARGE Trustee or director | 1 | $0 |
| STEPHANIE VERA | AT LARGE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOMINIQUE MILTON | PRESIDENT & CEO Key employee | 40 | $158,403 |
| DEBRA WHITE | CHAIR Trustee or director, Officer | 2 | $0 |
| JONATHAN WILKINS | 1ST VICE CHAIR Trustee or director, Officer | 2 | $0 |
| CATHY WILLIAMS | 2ND VICE CHAIR Trustee or director, Officer | 2 | $0 |
| S DALLAS SIMMONS | TREASURER Trustee or director, Officer | 2 | $0 |
| ANDREA HORNE | SECRETARY Trustee or director, Officer | 2 | $0 |
| MATTEO DI MICHELE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES W JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| CHIQUITA LLOYD | DIRECTOR Trustee or director | 1 | $0 |
| JAMES HAMLIN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY KNIGHTON JR | DIRECTOR Trustee or director | 1 | $0 |
| DALLAS SIMMONS | DIRECTOR Trustee or director | 1 | $0 |
| CARLO WHITE | DIRECTOR Trustee or director | 1 | $0 |
| TROY ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| LISA BLAKE | DIRECTOR Trustee or director | 1 | $0 |
| GREG LASKEY | DIRECTOR Trustee or director, Highest-paid employee | 1 | $0 |
| LISSA MILLER | DIRECTOR Trustee or director | 1 | $0 |
| JEFFERY SMITH | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINA SABINE LIDL | DIRECTOR Trustee or director | 1 | $0 |
| ANTON GUNN | DIRECTOR Trustee or director | 1 | $0 |
| ALEX MOORE | DIRECTOR Trustee or director | 1 | $0 |
| DERRICK JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| DALLAS DANCE | DIRECTOR Trustee or director | 1 | $0 |
| RONALD HARVEY | DIRECTOR Trustee or director | 1 | $0 |
| TJ LEWIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9115 HARRIS CORNERS PKWY ST440, CHARLOTTE, NC 28269-3706
- Principal officer (990 for 2024)
- Dominique Milton, 9115 Harris Corners Pkwy, CHARLOTTE, NC 28269
- Signed the 990
- Dominique Milton, PRESIDENT & CEO
- Phone
- (704) 549-1000
- Website
- www.cvmsdc.org
- Return prepared by
- SOLESTINE M LANCASTER CPA
Mission
CVMSDC Connects MBEs and Corporations to Drive Economic Growth through: Certification, Development, Connection, and Advocacy
Program accomplishments
- Added 12 New Corporate Members Added 150 Newly Certified MBEs Launched Cornerstone Foundation to raise funds to support local work Graduated 30 MBE Students from the Development ProgramExpenses $1,166,064 · revenue $893,429
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
- 56-1191106
- 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)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S430)
- Assets (IRS master file)
- $1,708,679
- Income (IRS master file)
- $1,447,676
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,447,676 | $1,478,982 | $1,708,679 | IRS |
| 990 | December 2023 | $1,436,348 | $1,316,374 | $1,656,064 | XML |
| 990 | December 2022 | $1,403,116 | $1,198,866 | $1,586,105 | IRS |
| 990 | December 2021 | – | – | – | 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 56-1191106).
Questions about CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC
- What is the EIN of CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC?
- The employer identification number (EIN) of CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC is 56-1191106.
- Is CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS 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 CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS 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 CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS 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 CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC?
- The 990 for the year ended December 31, 2024 names Dominique Milton.
- Who are the officers and directors of CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 1 received compensation from the organization, the highest $177,911 (DOMINIQUE MILTON, PRESIDENT & CEO).
- How much revenue does CAROLINAS-VIRGINIA MINORITY SUPPLIER DEVELOPOMENT COUNCILS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,447,676, expenses of $1,478,982 and total assets of $1,708,679 at year end.
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