North Central Minority Supplier Dev

Organization Overview

North Central Minority Supplier Dev is located in Minneapolis, MN. The organization was established in 1974. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. North Central Minority Supplier Dev is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, North Central Minority Supplier Dev generated $853.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $726.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MINORITY BUSINESSES WITH THE OPPERTUNITY FOR BUSINESSES WITH CORPORATE PARTNERS AND TO EXPAND THERE BUSINESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUISNESS OPPERTUNITY EXCHANGE - THIS PROGRAM PROIVDES CORPORTATE MEMBERS, GOVERMENT ENTITES, AND MINORITY BUSINESS ENTERPRISES (MDE'S) WITH WORKSHOPS, PANEL DICUSSIONS, AND NETWORKING OPPORTUNITIES.


INDUSTRIAL VERTICALS -


ANNUAL MEETING AND RECPTION - THIS PROGRAM IS DESIGNED TO BE INFORMATIVE AND PROVIDE NETWORKING OPPORTUNITIES TO STREGTHEN COLLABORATIONS BETWEEN CORPORATIONS AND MINORITY BUSINESSS ENTERPRISES. (2021 MEETING NUMBERS)


OTHER PROGRAM SERVICES INCLUDE OTHER EVENTS TO SUPPORT THE BUSINESS DEVELOPENT OF CORPORTAE MEMEBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Heather Olson
President/ CEO
$115,686
John Taylor
Chair
$0
Lorenzo Bell
Second Vice Chair
$0
Open Position
Treasurer
$0
Natalie Mcgrady
Secretary
$0
Veronica Johnson
First Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$525,996
Fundraising events$0
Related organizations$0
Government grants $18,000
All other contributions, gifts, grants, and similar amounts not included above$1,300
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$545,296
Total Program Service Revenue$305,935
Investment income $58
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $853,566

Grants Recieved

Over the last fiscal year, we have identified 1 grants that North Central Minority Supplier Dev has recieved totaling $15,000.

Awarding OrganizationAmount
The Northwest Minnesota Foundation

Bemidji, MN

PURPOSE: NW MINNESOTA INITIATIVE PROJECT

$15,000
View Grant Recipient Profile

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