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Southwest Minority Supplier Development Council

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742868590 ✦ Austin, TX ✦ Designated as a 501(c)(3)

Overview

What is Southwest Minority Supplier Development Council?

The Southwest Minority Supplier Development Council is a nonprofit organization situated in Austin, Texas. Its primary focus is to empower and facilitate the growth of Minority Business Enterprises (MBEs). Through a rigorous certification process, MBEs that meet the council's criteria gain access to a vast network of over 400 corporate and more than 543 MBE associates. This extensive network significantly increases the opportunities for these businesses to secure contracts for goods and services. The council actively fosters positive business relationships between these entities, aiming to create a mutually beneficial environment. To achieve this goal, the organization hosts sponsored events that encourage business interaction, ultimately contributing to the growth and success of the MBE community. As of the provided information, the council employs a team of five individuals.


Is Southwest Minority Supplier Development Council legitimate?

Southwest Minority Supplier Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Minority Supplier Development Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $233,444
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,556

For more financial information, click here


What is the mission statement of Southwest Minority Supplier Development Council?
Who is the CEO of Southwest Minority Supplier Development Council?
What is the revenue of Southwest Minority Supplier Development Council?
Who are the executives of Southwest Minority Supplier Development Council and what are their salaries?
Where can I find the form 990 for Southwest Minority Supplier Development Council?

Mission Statement of Southwest Minority Supplier Development Council

The Southwest Minority Supplier Development Council is dedicated to fostering an environment and creating opportunities for the growth of minority-owned businesses. Its mission is to forge positive business relationships with both corporate members and minority enterprises, thereby enabling these businesses to add significant value to each other. By becoming certified through the council, minority business enterprises (MBEs) are provided with access to a vast network of over 400 corporate members and more than 543 MBEs, thereby increasing their chances of securing corporate and government contracts for goods and services. The council further enhances these opportunities through sponsored events that facilitate business interactions.

Impact

This information is meant to be a general summary of Southwest Minority Supplier Development Council. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

The Southwest Minority Supplier Development Council creates opportunities and an environment for minority enterprises to grow and actively add value to corporate members through positive business relationships. Certified Minority Business Enterprises (MBEs) associated with the council are able to engage with over 400 corporate members and more than 543 MBEs, leading to the generation of corporate and governmental contracts for goods and services. The council sponsors four events providing business interaction. Its impact includes facilitating business connections, fostering economic growth for minority enterprises, and promoting diversity and inclusion in the corporate world.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $132
  • Program Service Revenue: $0
  • Gross Receipts: $917,168

    • Assets and Liabilities:
  • Total Assets: $1,691,482
  • Total Liabilities: $24,744
  • Net Assets: $1,666,738
  • Organization Details

    Founding Year

    1999

    Principal Officer

    Darlene Owens

    Main Address

    P O Box 151267, Austin, TX, 78715

    NTEE Category

    Code: T99 - Philanthropy

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