Western Regional Minority Supplier Development Council

Organization Overview

Western Regional Minority Supplier Development Council is located in Oakland, CA. The organization was established in 1977. 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, Western Regional Minority Supplier Development Council employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Regional 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, Western Regional Minority Supplier Development Council generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 7.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE INCREASED PROCUREMENT AND BUSINESS OPPORTUNITIES FOR MINORITY BUSINESSES, AND TO DEVELOP MUTUALLY BENEFICIAL BUSINESS RELATIONSHIPS BETWEEN PUBLIC AND PRIVATE SECTORS AND MBES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MBE CERTIFICATION: REVIEW PROCESS USED TO DETERMINE IF A BUSINESS IS ELIGIBLE FOR CERTIFIED MBE STATUS. CERTIFICATION PROVIDES CORPORATE BUYERS WITH THE ASSURANCE THEY SEEK IN IDENTIFYING U.S. QUALIFIED BUSINESSES THAT ARE CONTROLLED AND OPERATED BY AN ETHNIC MINORITY INDIVIDUAL.


EVENTS: WRMSDC HOSTS A VARIETY OF EVENTS FOR OUR CORPORATE MEMBERS AND CERTIFIED MINORITY BUSINESS ENTERPRISES (MBES). THESE EVENTS PROVIDE AN EXCELLENT FORUM FOR OUR MBES TO MEET, NETWORK AND CONNECT WITH OTHER MBES AND CORPORATIONS, AS WELL AS RECEIVE VALUABLE TRAINING & DEVELOPMENT TO GROW THEIR BUSINESSES AND BUILD THE SKILLS AND CAPABILITIES NEEDED TO MEET THE NEEDS OF OUR CORPORATE MEMBERS.


ANNUAL MINORITY BUSINESS OPPORTUNITY EXPO: THE EXPO PROVIDES A DYNAMIC FORUM FOR MBES TO NETWORK, LEARN, AND MARKET THEIR CAPABILITES TO OUR CORPORATE MEMBERS. THE CORPORATE MEMBERS HOST CATEGORY/INDUSTRY SPECIFIC BREAKOUT ROOMS TO PROVIDE OVERVIEWS ON BUSINESS OPPORTUNITIES, ENGAGEMENT AND ADDRESS QUESTIONS FROM MBES. ADDITIONALLY, ALL PARTICIPANTS HAVE ACCESS TO HEAR FROM INDUSTRY EXPERTS ON BEST PRACTICES WITHIN THE MARKET AS WELL AS EXPOSURE TO DEVELOPMENT TRAINING, AND PARTICIPATE IN STRATEGIC PRE-SCREENED ONE ON ONE MATCHMAKING SESSIONS WHICH MAKES FOR AN OUTSTANDING BUSINESS OPPORTUNITY EVENT.


OTHER PROGRAM SERVICES INCLUDE OUTREACH, MINORITY BUSINESS ENTERPRISE INPUT COMMITTE (MBEIC), TRAINING AND NATIONAL.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$629,712
Fundraising events$0
Related organizations$0
Government grants $146,369
All other contributions, gifts, grants, and similar amounts not included above$755,514
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,531,595
Total Program Service Revenue$573,144
Investment income $34
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $210,199
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,319,287

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