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National Minority Supplier Development Council
National Minority Supplier Development Council reported $29.7 million in revenue and $31.7 million in expenses for calendar year 2024. Of every $100 it spent, $79.72 went to program services, $20.18 to management and general costs and $0.10 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 66.8% of the total. The highest compensation it reported for one person was $556,922 (PRESIDENT). 18 people received more than $100,000 in reportable compensation. Revenue rose 90% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $32MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $30MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.7% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.2% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 31.3% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.5% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 66.8% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $556,922 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.76% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 18 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.1 | 36.6 |
| Independent voting board members Part VI 1a–1b | 31 of 31 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseField 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
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
"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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $532,831 | $0 | $24,091 | $556,922 |
| COO Highest compensated employee, 40.00 hrs/week | $280,724 | $0 | $17,484 | $298,208 |
| VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $254,546 | $0 | $17,843 | $272,389 |
| VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $211,382 | $0 | $13,646 | $225,028 |
| VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $201,676 | $0 | $15,994 | $217,670 |
| SENIOR DIRECTOR Highest compensated employee, 40.00 hrs/week | $179,261 | $0 | $14,426 | $193,687 |
18 people received more than $100,000 in reportable compensation from National Minority Supplier Development Council (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 31 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 558
- Volunteers Part I, line 6192
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ABCD & COMPANY LLC Event services | $4,145,275 |
| REPUBLICA HAVAS LLC Event services | $1,324,650 |
| 21ST CENTURY EXPO GROUP Event services | $1,045,381 |
| IDATALYTICS LLC Consultant | $448,200 |
| ADAPTONE Consultant | $240,033 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to National Minority Supplier Development Council totaling $300K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from National Minority Supplier Development Council's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for National Minority Supplier Development Council, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 National Minority Supplier Development Council spent in 2024, $79.72 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Greater Austin Performing Arts CenterAustin, TX · revenue $30M · programs 94.8% · FY2025
- Milwaukee Art MuseumMilwaukee, WI · revenue $30M · programs 71.6% · FY2025
- The Museum of Contemporary ArtLos Angeles, CA · revenue $30M · programs 72.9% · FY2025
- The Commemorative Air ForceDallas, TX · revenue $30M · programs 70.8% · 2024
- Maine Public Broadcasting CorporationLewiston, ME · revenue $30M · programs 65.5% · FY2025
All arts, culture & humanities charities · Largest charities in New York
Questions people ask
How much of National Minority Supplier Development Council's spending goes to programs?
In calendar year 2024, National Minority Supplier Development Council reported that 79.7% of its $31.7 million in expenses went to program services, 20.2% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does National Minority Supplier Development Council pay its top executive?
The largest total compensation National Minority Supplier Development Council reported for one person in calendar year 2024 was $556,922, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does National Minority Supplier Development Council get its money?
Of $29.7 million in revenue in calendar year 2024, 31.3% came from contributions and grants (including 2.5% from government grants) and 66.8% from program service revenue (Form 990, Part VIII).
Is National Minority Supplier Development Council a registered charity?
The IRS lists EIN 23-7348220 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523179349310257 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413199349307466 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303199349320235 · read the filing
- 2021: Form 990 for calendar year 2021, object 202232459349300738 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113139349305411 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023209349301527 · read the filing
All filings for EIN 23-7348220: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.