Dallas-Fort Worth Minority Supplier Development Council Inc
- Assets
- $2.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Dallas, TX
- Founding
- 12/1976
- Data as of
- 12/2021
- EIN
- 75-1522447
Organization Overview
Dallas-Fort Worth Minority Supplier Development Council Inc is located in Dallas, TX. The organization was established in 1976. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Dallas-Fort Worth Minority Supplier Development Council Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas-Fort Worth Minority Supplier Development Council Inc 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, Dallas-Fort Worth Minority Supplier Development Council Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. ACCESS 2021 BUSINESS EXPO RESULTS 538 ATTENDEES, 260 ONE-ON-ONE POWER MATCHINGMAKERS, 559 ROUND TABLE SESSIONS, 6 INDUSTRY GROUP PRESENTATIONS, 75 STATE AGENCIES, ADDITIONAL FEATURES INCLUDED 2 CEO PLENARY SESSION, CPO SUMMITT AND C-SUITE MEETINGS. 10 MILLION AWARDED AT STATE OF TEXAS SPOT BID FAIR CHAMPIONED BY STATE SENATOR ROYCE WEST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margo J Posey President | OfficerTrustee | 60 | $176,614 |
Andrew D Nash Director Of Operations | Officer | 45 | $96,830 |
Edwin Cruz Certification Manager | Officer | 40 | $51,680 |
Bonnie Clinton Chairperson | OfficerTrustee | 1 | $0 |
Terri Quinton Director/national Mbeic Chair Emeritus | OfficerTrustee | 5 | $0 |
John Lazano Chair Emeritus | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $891,911 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $686,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,578,217 |
| Total Program Service Revenue | $0 |
| Investment income | $636 |
| 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 | $2,035,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $665,129 |
| Compensation of current officers, directors, key employees. | $66,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,271 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,979,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,141,669 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,862 |
| Net Land, buildings, and equipment | $42,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,296,676 |
| Accounts payable and accrued expenses | $207,551 |
| Grants payable | $150,000 |
| Deferred revenue | $807,812 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,165,363 |
| Net assets without donor restrictions | $1,131,313 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,296,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Peoplefund Austin, TX | $66,108,373 | $14,535,836 |
Houston Business Development Inc Houston, TX | $15,684,831 | $3,620,643 |
Dallas-Fort Worth Minority Supplier Development Council Inc Dallas, TX | $2,296,676 | $2,035,236 |
Community Certified Development Corporation Houston, TX | $1,043,060 | $1,562,471 |
Maestro Leadership Foundation San Antonio, TX | $111,028 | $560,727 |
Louisiana Minority Business Council Inc New Orleans, LA | $480,017 | $745,389 |
Feed The Soul Foundation Houston, TX | $1,697,498 | $2,202,752 |
Ventana Fund Albuquerque, NM | $15,372,019 | $578,725 |
South Central Texas Regional Certification Agency San Antonio, TX | $105,207 | $402,040 |
Small Business Capital Corporation Tulsa, OK | $360,944 | $280,630 |
Cohabitat Foundation Shreveport, LA | $338,988 | $238,718 |