Overview
What is Eastern Minority Supplier Development Council?
The Eastern Minority Supplier Development Council is a nonprofit organization based in Philadelphia, Pennsylvania. Their primary mission is to foster economic development for minority-owned businesses, including Asian, Black, Hispanic, and Native American enterprises. They achieve this by certifying these businesses and connecting them to corporations and public agencies, aiming to initiate growth and opportunities through supplier diversity channels. Their focus primarily covers Pennsylvania, Southern New Jersey, and Delaware, addressing both national and international entities. The council's activities include supporting the development of these businesses to better align them with corporations, ultimately promoting equality and growth within the business sector.
Official website here: www.emsdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37%, Zero-Star out of Four Star Rating
The Eastern Minority Supplier Development Council has received a low rating of 37%, indicating significant concerns regarding its accountability and financial practices. The organization scored particularly poorly in the Accountability & Finance category, with a score of 26 out of 100. Notably, it has no independent board members and lacks adequate financial statements, which severely impacts its transparency and governance. However, it has a strong commitment to conflict of interest policies and has established whistleblower protections.
Despite these governance challenges, the Council excels in community engagement, evidenced by its Culture & Community Score of 90 and perfect scores in constituent feedback collection and usage. This suggests that while the organization may struggle with financial oversight and accountability, it effectively engages with its constituents and incorporates their feedback into its practices.
The organization's Equity Strategies Score of 85 reflects a solid commitment to equity, although it falls short in equity data collection and certain policies. Overall, while the Eastern Minority Supplier Development Council shows strengths in community involvement and equity initiatives, serious issues in financial governance and transparency need to be addressed for it to improve its rating and overall trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Minority Supplier Development Council legitimate?
Eastern Minority Supplier Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $190,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $548,060
For more financial information, click here
Official website here: www.emsdc.org
What is the mission statement of Eastern Minority Supplier Development Council?
The Eastern Minority Supplier Development Council's mission is centered around stimulating and supporting economic development for businesses owned by minorities, including Asian, Black, Hispanic, and Native American entrepreneurs. Although their outreach extends to both national and international entities, their primary focus lies in Pennsylvania, Southern New Jersey, and Delaware. The council fosters the development of these minority-owned businesses, aiming to align them with corporations, thereby initiating growth and opportunities through supplier diversity channels.
Official website here: www.emsdc.org
Who is the CEO of Eastern Minority Supplier Development Council?
Brian Olgesby is the President/Ceo of Eastern Minority Supplier Development Council. The CEO's salary of Eastern Minority Supplier Development Council is $0 and their total compensation is $126,724.
Official website here: www.emsdc.org
What is the revenue of Eastern Minority Supplier Development Council?
Eastern Minority Supplier Development Council's revenue in 2022 was $1,382,907.
Official website here: www.emsdc.org
Who are the executives of Eastern Minority Supplier Development Council and what are their salaries?
The average compensation at Eastern Minority Supplier Development Council during 2022 was $67,184. There are 11 employees at Eastern Minority Supplier Development Council.
Here are 25 key members and their salaries (Eastern Minority Supplier Development Council's CEO's salary is $0 and their total compensation is $126,724):
- Compensation: $0
- Related: $126,724
- Other: $0
- Compensation: $0
- Related: $64,246
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.emsdc.org
Where can I find the form 990 for Eastern Minority Supplier Development Council?
Eastern Minority Supplier Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emsdc.org
Learn more at the official website: www.emsdc.org
Mission Statement of Eastern Minority Supplier Development Council
The Eastern Minority Supplier Development Council, abbreviated as EMSDC, is dedicated to stimulating and supporting economic development within minority-owned enterprises. With a primary focus on businesses owned by individuals from Asian, Black, Hispanic, and Native American communities, EMSDC extends its reach beyond national and international entities. The council's primary mission is to foster the development of these minority business enterprises, encouraging them to align more closely with corporations. This alignment aims to initiate growth and opportunities through supplier diversity channels. In essence, EMSDC plays a crucial role in creating prospects for minority-owned enterprises, thereby promoting economic development in these communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Eastern Minority Supplier Development Council (EMSDC) plays a crucial role in empowering minority-owned enterprises by creating vital business opportunities. By certifying minority-owned businesses and connecting them with corporations and public agencies, the EMSDC fosters growth and economic development within Asian, Black, Hispanic, and Native American communities.
Focused primarily on Pennsylvania, Southern New Jersey, and Delaware, the council engages in outreach that spans both national and international markets. This targeted approach not only boosts supplier diversity but also strengthens the economic landscape by ensuring that minority businesses are better aligned with larger corporations. As a result, the EMSDC stimulates local economies and promotes inclusive business practices that benefit the community as a whole. Through these efforts, the council significantly contributes to creating a more equitable environment for minority-owned businesses to thrive.
This information is meant to be a general summary of Eastern Minority Supplier Development Council. 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: $42
- Gross Receipts: $1,382,907
Assets and Liabilities:
- Total Assets: $349,713
- Total Liabilities: $864,067
- Net Assets: -$514,354
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Phone
(215) 569-1005Principal Officer
Brian Olgesby
Main Address
2000 HAMILTON STREET Suite 309, PHILADELPHIA, PA, 19130
Website
www.emsdc.orgNTEE Category
Code: S43 - Community improvement
If you are a representative of Eastern Minority Supplier Development Council and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.