The Pacific Southwest Minority Supplier Development Council
- Assets
- $486.1k
- Revenue
- $903.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Phoenix, AZ
- Founding
- 01/1974
- Data as of
- 12/2023
- EIN
- 86-0754864
Organization Overview
The Pacific Southwest Minority Supplier Development Council is located in Phoenix, AZ. The organization was established in 1974. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Pacific Southwest Minority Supplier Development Council employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pacific Southwest Minority Supplier Development Council 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 12/2023, Pacific Southwest Minority Supplier Development Council generated $903.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 11.9% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PSWMSDC ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE AND GOVERNMENTAL ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PSWMSDC GENERATED 2300 MBE REFERRALS. THE 2023 RECERTIFICATION PERCENTAGE WAS 80. WE HOSTED 63 EVENTS AND WORKSHOPS. WE HOSTED TWO GOLF TOURNAMENTS, ONE IN JUNE IN SAN DIEGO AND DECEMBER IN ARIZONA. PROGRAMS EVENTS ATTENDANCE INCREASED BY 47. OUR FLAGSHIP EVENT FOR 2023 WAS OUR 30TH ANNIVERSARY IN NOVEMBER. WE CELEBRATED OUR 30TH ANNIVERSARY BY RECOGNIZING 19 MBES FOR THEIR ENDURING COMMITMENT FOR MAINTAINING THEIR CERTIFICATION FOR 10 YEARS OR MORE. WE HAVE SOME MBES THAT HAVE BEEN CERTIFIED SINCE 1995. WE RECOGNIZED SOME OF THE CHAMPIONS IN OUR INDUSTRY. DURING OUR 30TH ANNIVERSARY GALA, WE RECOGNIZED THE CORPORATIONS AND MBES FOR MORE THAN 91M IN DIVERSE SPEND WITH THE PSWMSDC PROGRAM WHICH CERTIFIED MBES.THESE MBES RECEIVED 201M IN REVENUE THAT HAVE RECIPROCAL RELATIONSHIPS WITH PSWMSDC, WHICH TOTALS OVER 292M IN REPORTED DIVERSE SPEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Crenshaw President CEO | Officer | 40 | $165,882 |
Summer Fausette Board Chairman | OfficerTrustee | 5 | $0 |
Todd Jackson Vice Chair | OfficerTrustee | 5 | $0 |
Brennon Carlson Treasurer | OfficerTrustee | 5 | $0 |
Beverly Scott Secretary | OfficerTrustee | 5 | $0 |
Joanne Florez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,513 |
| Fundraising events | $52,620 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,494 |
| Noncash contributions included in lines 1a–1f | $5,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,627 |
| Total Program Service Revenue | $786,543 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$86,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $903,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,254 |
| 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. | $182,445 |
| Compensation of current officers, directors, key employees. | $36,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,563 |
| Pension plan accruals and contributions | $2,179 |
| Other employee benefits | $16,324 |
| Payroll taxes | $23,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,585 |
| Fees for services: Accounting | $22,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,927 |
| Advertising and promotion | $521 |
| Office expenses | $106,255 |
| Information technology | $84,859 |
| Royalties | $0 |
| Occupancy | $65,676 |
| Travel | $58,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,843 |
| Insurance | $4,328 |
| All other expenses | $0 |
| Total functional expenses | $1,213,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,880 |
| 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 | $23,296 |
| Net Land, buildings, and equipment | $47,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $183,042 |
| Other assets | $5,174 |
| Total assets | $486,060 |
| Accounts payable and accrued expenses | $114,342 |
| Grants payable | $0 |
| Deferred revenue | $212,872 |
| 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 | $223,720 |
| Total liabilities | $550,934 |
| Net assets without donor restrictions | -$64,874 |
| 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 | $486,060 |
Grants Awarded
Over the last fiscal year, The Pacific Southwest Minority Supplier Development Council has awarded $75,008 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIG REDS HOT SAUCE PURPOSE: BUSINESS DEVELOPMENT | $25,000 |
THE MOLECULES COMPANY PURPOSE: BUSINESS DEVELOPMENT | $25,000 |
ALPHA MANUFACTURING SOLUTIONS PURPOSE: BUSINESS DEVELOPMENT | $25,008 |