Northwest Minority Supplier Development Council
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Tukwila, WA
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 91-1199237
Organization Overview
Northwest Minority Supplier Development Council is located in Tukwila, WA. The organization was established in 1995. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Northwest Minority Supplier Development Council employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest 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 12/2021, Northwest Minority Supplier Development Council generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $723.8k during the year ending 12/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IDENTIFY AND DEVELOP EDUCATIONAL AND BUSINESS OPPORTUNITIES FOR MINORITY BUSINESS ENTERPRISES (MBES), CORPORATIONS, AND PUBLIC AGENCIES THAT RESULT IN STAKEHOLDER REVENUE GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAMS - EXPAND BUSINESS OPPORTUNITIES TO MINORITY FIRMS, ENCOURAGE MUTUALLY BENEFICIAL ECONOMIC LINKS BETWEEN MINORITY SUPPLIERS AND THE PUBLIC AND PRIVATE SECTORS, AND PROMOTE MINORITY BUSINESS DEVELOPEMENT.
OUTREACH - CONDUCTED MEMBERSHIP RECRUITMENT THROUGH TRADESHOWS, BUYER TOWN MEETINGS, NATIONAL CONFERENCE, QUARTERLY NEWSLETTER, INTERNET MARKETING OPPORTUNITIES AND SEMINARS.
ADVOCACY - HELD MONTHLY NETWORKING LUNCHEONS WITH GUEST SPEAKERS AND PANELIST DISCUSSIONS REGARDING PERTINENT BUSINESS DEVELOPEMENT ISSUES AND PROGRAMS. DEVELOPED MENTOR-PROTEGE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ffernando Martinez President & CEO | OfficerTrustee | 50 | $224,472 |
Carri Rpman Vice Chairperso | OfficerTrustee | 1 | $0 |
Carl Gipson Treasurer | OfficerTrustee | 1 | $0 |
Kate Kleyman Secretary | OfficerTrustee | 1 | $0 |
Angela Battle Chairperson | OfficerTrustee | 1 | $0 |
Shahzad Qadri Mbeic Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $594,958 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,098 |
| Total Program Service Revenue | $414,093 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $65,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,211,694 |
| 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. | $224,472 |
| Compensation of current officers, directors, key employees. | $14,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,752 |
| Payroll taxes | $30,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,781 |
| Fees for services: Accounting | $23,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15 |
| Office expenses | $5,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,542 |
| Travel | $1,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,462 |
| Insurance | $7,053 |
| All other expenses | $30,194 |
| Total functional expenses | $723,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $785,384 |
| Savings and temporary cash investments | $359,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,446 |
| 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 | $3,521 |
| Net Land, buildings, and equipment | $25,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,628 |
| Total assets | $1,329,089 |
| Accounts payable and accrued expenses | $58,290 |
| Grants payable | $0 |
| Deferred revenue | $129,517 |
| 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 | $18,087 |
| Other liabilities | $0 |
| Total liabilities | $205,894 |
| Net assets without donor restrictions | $1,123,195 |
| 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 | $1,329,089 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Minority Supplier Development Council has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Idaho Council Of Governments Pocatello, ID | $3,930,475 | $5,896,264 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Linn Economic Development Group Albany, OR | $31,589,789 | $17,862,142 |
Fly Sun Valley Alliance Inc Ketchum, ID | $3,221,686 | $1,660,297 |
Rainier Valley Community Development Fund Seattle, WA | $31,147,402 | $2,128,403 |
Idaho Freedom Foundation Inc Boise, ID | $1,060,200 | $895,196 |
Albina Vision Inc Portland, OR | $1,749,846 | $2,276,354 |
Malheur Watershed Council Ontario, OR | $174,381 | $754,956 |
Northwest Minority Supplier Development Council Tukwila, WA | $1,329,089 | $1,211,694 |
West Seattle Junction Association Seattle, WA | $609,509 | $675,325 |
Block By Block Redmond, WA | $616,706 | $347,970 |
Fourth Plain Forward Vancouver, WA | $259,702 | $507,488 |