Nonprofit · EIN 75-1522447
DALLAS FORT WORTH BUSINESS COUNCIL INC
Tax-exempt · DALLAS, TX 75247
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,495,578 | $2,225,703 | $269,875 | $2,332,967 | $1,026,846 | $1,306,121 |
| December 31, 2023 | 990 | $2,332,793 | $2,444,125 | -$111,332 | $2,178,892 | $821,979 | $1,356,913 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,652,365
- Membership dues
- $1,117,365
- Program service revenue
- $0
- Investment income
- $22,856
- Other revenue
- $820,357
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $652,556
- Salaries, compensation and benefits (total)
- $811,121
- Professional fundraising fees
- $0
- Occupancy
- $134,567
- Travel
- $894
- Depreciation
- $43,007
- Program services (functional)
- $1,815,738
- Management and general (functional)
- $205,431
- Fundraising (functional)
- $204,534
Balance sheet and other
- Total assets, start of year
- $2,259,068
- Total assets, end of year
- $2,332,967
- Total liabilities, end of year
- $1,026,846
- Net assets, end of year
- $1,306,121
- Land, buildings and equipment
- $140,540
- Net assets without donor restrictions
- $1,306,121
- Gross receipts
- $2,495,578
- Employees
- 9
- Volunteers
- 95
- Year formed
- 1973
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Margo J Posey | President Officer, Key employee, Highest-paid employee | 60 | $206,014 |
| Andrew D Nash | Director of Operations Officer, Key employee | 45 | $123,652 |
| Edwin Cruz | Certification Manager Key employee | 40 | $52,760 |
| Pamela Nelson | Director/Local MBEIC Trustee or director, Officer | 3 | $0 |
| Bruce D Collins | Chairperson Trustee or director, Officer | 1 | $0 |
| Don McKneely | Director/Historian Trustee or director, Officer | 2 | $0 |
| Evelyn Molina | Director Trustee or director | 4 | $0 |
| Brandon Rakestraw | Director/Treasurer Trustee or director, Officer | 5 | $0 |
| Terri Quinton | Director/National MBEIC Chair Emeritus Trustee or director, Officer | 5 | $0 |
| BonnieCclinton | Chair Emeritus Trustee or director, Officer, Former | 5 | $0 |
| Rob Simpson | Director/2nd Vice Chair Trustee or director, Officer | 5 | $0 |
| Monica Menzel | Treasurer Trustee or director, Officer | 5 | $0 |
| Heather Herndon Wright | Director Trustee or director | 1 | $0 |
| Tony Marino | Director Trustee or director, Officer | 5 | $0 |
| Monica Schoenemann | Director Trustee or director | 1 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeni Rajbhandari | Director/1st Vice Chair Trustee or director, Officer | 5 | $0 |
| Rachel Kutz | Director Trustee or director | 1 | $0 |
| Greg Cody | Director Trustee or director | 1 | $0 |
| Yareli Esteban | Director Trustee or director | 1 | $0 |
| Milton Quinn | Director Trustee or director | 1 | $0 |
| Kallie Malmgren | Director Trustee or director | 1 | $0 |
| Jason Lynch | Director Trustee or director | 1 | $0 |
| Ashley Duffie | Director Trustee or director | 1 | $0 |
| Pamela Bryant | Secretary Trustee or director | 4 | $0 |
| Reena Batra | Director Trustee or director | 1 | $0 |
| Shelly Lomonaco | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margo J Posey | President Trustee or director, Officer, Key employee, Highest-paid employee | 60 | $210,510 |
| Andrew D Nash | Director of Operations Key employee | 45 | $114,627 |
| Edwin Cruz | Certification Manager Key employee | 40 | $50,960 |
| Pamela Nelson | Director/Local MBEIC Trustee or director, Officer | 3 | $0 |
| Bruce D Collins | Chairperson Trustee or director, Officer | 1 | $0 |
| Don McKneely | Director/Historian Trustee or director, Officer | 2 | $0 |
| Evelyn Molina | Director Trustee or director | 4 | $0 |
| Brandon Rakestraw | Director/Treasurer Trustee or director, Officer | 5 | $0 |
| Terri Quinton | Director/National MBEIC Chair Emeritus Trustee or director, Officer | 5 | $0 |
| BonnieCclinton | Chair Emeritus Trustee or director, Officer, Former | 5 | $0 |
| Rob Simpson | Director/2nd Vice Chair Trustee or director, Officer | 5 | $0 |
| Monica Menzel | Treasurer Trustee or director, Officer | 5 | $0 |
| Heather Herndon Wright | Director Trustee or director | 1 | $0 |
| Tony Marino | Director Trustee or director, Officer | 5 | $0 |
| Monica Schoenemann | Director Trustee or director | 1 | $0 |
| Jeni Rajbhandari | Director/1st Vice Chair Trustee or director, Officer | 5 | $0 |
| Rachel Kutz | Director Trustee or director | 1 | $0 |
| Greg Cody | Director Trustee or director | 1 | $0 |
| Yareli Esteban | Director Trustee or director | 1 | $0 |
| Milton Quinn | Director Trustee or director | 1 | $0 |
| Kallie Malmgren | Director Trustee or director | 1 | $0 |
| Jason Lynch | Director Trustee or director | 1 | $0 |
| Ashley Duffie | Director Trustee or director | 1 | $0 |
| Pamela Bryant | Secretary Trustee or director | 4 | $0 |
| Reena Batra | Director Trustee or director | 1 | $0 |
| Shelly Lomonaco | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8585 N STEMMONS FREEWAY, DALLAS, TX 75247-3836
- In care of
- % 900 STEMMONS TOWER NORTH
- Principal officer (990 for 2024)
- Margo J Posey J POSEY, 5509 Vicksbury Drive, Arlington, TX 76017
- Signed the 990
- Margo J Posey J POSEY, CEO
- Phone
- (214) 630-0747
- Website
- www.dfwmsdc.com
- Return prepared by
- Professional Plus Bkking Services
Mission
The mission of the Dallas/Fort Worth Minority Supplier Development Council is to encourage and facilitate procurement and business opportunities between Buying-Entities corporations and public sector agencies and certified Minority Business Enterprises MBEs.
Program accomplishments
- The Dallas/Fort Worth Minority Supplier Development Coucil, Inc produces a Business Expo annually called ACCESS. The Expo is designed to help the Council in fulfilling its mission of encouraging and facilitating procurement and business opportunities between Buying-Entities corporations and public sector agencies and the certified minority business enterprises. Over 1,804 attended the two-day event.
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
- 75-1522447
- 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
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,332,967
- Income (IRS master file)
- $2,495,578
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,495,578 | $2,225,703 | $2,332,967 | IRS |
| 990 | December 2023 | $2,332,793 | $2,444,125 | $2,178,892 | XML |
| 990 | December 2022 | $2,853,363 | $2,597,625 | $2,291,747 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-1522447).
Questions about DALLAS FORT WORTH BUSINESS COUNCIL INC
- What is the EIN of DALLAS FORT WORTH BUSINESS COUNCIL INC?
- The employer identification number (EIN) of DALLAS FORT WORTH BUSINESS COUNCIL INC is 75-1522447.
- Is DALLAS FORT WORTH BUSINESS COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to DALLAS FORT WORTH BUSINESS COUNCIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DALLAS FORT WORTH BUSINESS 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 DALLAS FORT WORTH BUSINESS 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 DALLAS FORT WORTH BUSINESS 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 DALLAS FORT WORTH BUSINESS COUNCIL INC?
- The 990 for the year ended December 31, 2024 names Margo J Posey J POSEY.
- Who are the officers and directors of DALLAS FORT WORTH BUSINESS COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 3 received compensation from the organization, the highest $206,014 (Margo J Posey, President).
- How much revenue does DALLAS FORT WORTH BUSINESS COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,495,578, expenses of $2,225,703 and total assets of $2,332,967 at year end.
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