Overview
What is Minority Business Development Institute Inc?
Minority Business Development Institute Inc, located in Princeton Junction, New Jersey, is a nonprofit organization designed to empower minority and women-owned contracting firms. Their mission, as stated in their description, is to promote socio-economic parity by addressing business challenges that hinder success. To achieve this, MBDI offers educational programs that enhance the managerial, operational, and financial capabilities of these firms. By doing so, they aim to prepare them for bonding and ultimately increase their opportunities, productivity, and future profitability. The Institute's activities are centered around minority business development and growth.
Official website here: www.minoritybdi.org
Is Minority Business Development Institute Inc legitimate?
Minority Business Development Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minority Business Development Institute 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.
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Official website here: www.minoritybdi.org
What is the mission statement of Minority Business Development Institute Inc?
The Minority Business Development Institute Inc's mission, as stated, is to aid the minority contractor population in achieving socio-economic parity. They accomplish this by providing education and advocacy, specifically targeting business issues that hinder success for minority-owned and women-led contracting firms. Their programs focus on enhancing the managerial, operational, and financial functions of these businesses, thereby preparing them to secure bonds and expand their opportunities, productivity, and future profitability. Essentially, their goal is to bridge the gap and ensure equal prospects for minority businesses in the contracting sector.
Official website here: www.minoritybdi.org
Who is the CEO of Minority Business Development Institute Inc?
David R Cayemitte is the Chair of Minority Business Development Institute Inc. The CEO's salary of Minority Business Development Institute Inc is $0 and their total compensation is $0.
Official website here: www.minoritybdi.org
What is the revenue of Minority Business Development Institute Inc?
Minority Business Development Institute Inc's revenue in 2022 was $17,000.
Official website here: www.minoritybdi.org
Who are the executives of Minority Business Development Institute Inc and what are their salaries?
There 9 volunteers at Minority Business Development Institute Inc.
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Official website here: www.minoritybdi.org
Where can I find the form 990 for Minority Business Development Institute Inc?
Minority Business Development Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.minoritybdi.org
Learn more at the official website: www.minoritybdi.org
Mission Statement of Minority Business Development Institute Inc
The Minority Business Development Institute Inc, in its mission, strives to assist the minority contractor population in achieving socio-economic parity. This is accomplished through education and advocacy, as the institute aims to address business issues that hinder success for minority and women-owned contracting firms. By building the managerial, operational, and financial functions of these businesses, the Institute helps prepare them to secure bonds and significantly increase their opportunities, productivity, and future profitability. In essence, the Minority Business Development Institute Inc is dedicated to breaking down barriers for minority contractors, enabling them to thrive in their respective industries.
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Impact
August, 2024
The Minority Business Development Institute Inc's impact lies in its dedicated efforts to assist minority and women-owned contracting firms in building their managerial, operational, and financial functions. By offering programs that prepare these firms to become bonded and enhance their opportunities, productivity, and future profitability, the institute plays a crucial role in fostering the growth and success of minority entrepreneurs. Through education and advocacy, the institute works towards addressing business issues that create barriers to success, ultimately aiming to develop socio-economic parity within the minority contractor population. This focus on community improvement underscores the institute's commitment to making a tangible difference in empowering minority-owned businesses and driving positive change in their respective industries.
This information is meant to be a general summary of Minority Business Development Institute 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.
- Gross Receipts: $17,000
Assets and Liabilities:
- Total Assets: $2,209
- Total Liabilities: $363,166
- Net Assets: -$360,957
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Organization Details
Founding Year
2010
Phone
(609) 456-0818Principal Officer
David R Cayemitte
Main Address
37 STATION DRIVE, PRINCETON JUNCTION, NJ, 08550
Website
www.minoritybdi.orgNTEE Category
Code: S30 - Community improvement
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