Overview
What is Mid-South Minority Council Tadp Inc?
Mid-South Minority Council Tadp Inc, based in Memphis, Tennessee (38103), is a nonprofit organization dedicated to providing business support for women and minority-owned enterprises. They offer a range of technical assistance and training services at no cost or affordable rates, depending on market conditions. Their services encompass financial education, financial management, and business development training, delivered through various formats such as seminars, structured classes, or online platforms, adapting to the current trends and technological advancements. Their mission is centered around boosting the growth and success of these businesses in the tri-state area of Tennessee, Mississippi, and Arkansas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Mid-South Minority Council Tadp Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its high accountability and financial health. The organization scores particularly well in governance, with 100% of its board members being independent and robust oversight measures in place, such as an audit and oversight committee. These factors indicate a commitment to transparency and responsible management of resources.
The financial metrics are commendable, with a liabilities to assets ratio of 31.14%, suggesting a solid financial position. The program expense ratio of 81.20% indicates that a significant portion of expenses is dedicated to its programs, which is a positive sign for its effectiveness in fulfilling its mission. This strong allocation reinforces the organization's focus on its intended impact.
While the data does not reveal major limitations, continuous monitoring of financial and operational practices will be essential to maintain this high standard. Overall, the organization demonstrates a solid foundation of governance, financial management, and a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-South Minority Council Tadp Inc legitimate?
Mid-South Minority Council Tadp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-South Minority Council Tadp Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $415,223
For more financial information, click here
What is the mission statement of Mid-South Minority Council Tadp Inc?
Mid-South Minority Council Tadp Inc's mission is centered around providing business support for women and minority-owned enterprises. This organization strives to offer technical assistance and training at no cost or affordable rates, based on market standards. Their support encompasses various aspects of financial education, management, and business development, delivered through seminars, structured classes, or online platforms, adapting to the current market offerings and technological advancements.
Who is the CEO of Mid-South Minority Council Tadp Inc?
Jozelle Booker is the Director of Mid-South Minority Council Tadp Inc.
What is the revenue of Mid-South Minority Council Tadp Inc?
Mid-South Minority Council Tadp Inc's revenue in 2022 was $945,392.
Who are the executives of Mid-South Minority Council Tadp Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Mid-South Minority Council Tadp Inc?
Mid-South Minority Council Tadp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mid-South Minority Council Tadp Inc
Mid-South Minority Council TADP, Inc. is a dedicated organization with a mission to provide business support for women and minority-owned enterprises. This mission is implemented through the provision of technical assistance and training, tailored to the needs of these businesses. The organization may offer these services at no cost or at market rates, depending on the circumstances. Their offerings can encompass a variety of formats, ranging from seminars and structured classroom-style sessions to informal workshops, all aimed at enhancing financial education, financial management, and business development. The methods of delivery are adaptable, taking into account the current trends and advancements in technology.
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Impact
July, 2024
Mid-South Minority Council Tadp Inc has a significant impact on the local community in Memphis, Tennessee, and the surrounding states of Mississippi and Arkansas. By providing business support for women and minority-owned businesses, the organization plays a vital role in fostering diversity and economic empowerment in the region. Through their technical assistance, training, and development programs, they equip entrepreneurs with the necessary skills and knowledge to succeed in the business world, ultimately contributing to the growth and sustainability of minority-owned enterprises. This proactive approach not only benefits individual business owners but also has a broader impact on the community as a whole, leading to improved economic opportunities and a more inclusive business environment.
This information is meant to be a general summary of Mid-South Minority Council Tadp Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $367
- Gross Receipts: $945,392
Assets and Liabilities:
- Total Assets: $395,912
- Total Liabilities: $123,306
- Net Assets: $272,606
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Organization Details
Founding Year
1973
Phone
(901) 525-6512Principal Officer
Jozelle Booker
Main Address
200 Jefferson Ave Ste, MEMPHIS, TN, 38103
NTEE Category
Code: S81 - Community improvement
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