Overview
What is Michigan Minority Purchasing Council Db?
Michigan Minority Purchasing Council Db D/B/A Mmsdc is a nonprofit organization situated in Detroit, Michigan. Their primary mission is to enhance business opportunities for certified minority-owned businesses, fostering connections with corporate members. They achieve this through customized matchmaking sessions, networking forums, and trade fairs. These events provide a platform for minority-owned businesses to showcase their products/services, interact with major corporations, and government agencies, ultimately leading to increased business opportunities. The council serves over 11,000 participants annually and receives a high satisfaction rating for each session. Their activities contribute significantly to the economy, generating a $36 billion impact and creating or retaining 209,500 jobs.
Official website here: www.minoritysupplier.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97% (Four-Star out of Four Star rating)
The Michigan Minority Purchasing Council, doing business as MMSDC, has received a commendable Four-Star rating from Charity Navigator, reflecting their exceptional performance in accountability and finance. With a score of 97%, the organization exhibits strong financial health and management practices, which are crucial indicators of nonprofit effectiveness and sustainability.
One of the notable strengths of MMSDC is its governance structure, boasting a fully independent board comprised of 26 members. The organization has implemented robust policies, including conflict of interest and whistleblower policies, contributing to a transparent operational environment. Additionally, their program expense ratio is impressively high at 92.45%, indicating that a significant portion of their funds is directed toward mission-focused activities.
While the rating showcases numerous strengths, it is essential for potential supporters to remain informed about the broader impacts and long-term strategies of the organization. Nevertheless, MMSDC's strong financial practices and governance provide a solid foundation for trust and reliability in their operations.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Minority Purchasing Council Db legitimate?
Michigan Minority Purchasing Council Db is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Minority Purchasing Council Db 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: $1,032,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $590,147
For more financial information, click here
Official website here: www.minoritysupplier.org
What is the mission statement of Michigan Minority Purchasing Council Db?
The Michigan Minority Purchasing Council, known as MMSDC, is committed to advancing business opportunities for certified minority business enterprises. They accomplish this by connecting these enterprises with corporate members, providing access to procurement opportunities, and aiding in the development of capacity for minority business development. The council conducts various forums throughout the year, allowing minority-owned businesses to showcase their products and services to major corporations and government agencies, thereby facilitating and encouraging buyer-vendor relationships that result in increased business opportunities for these firms. In a typical year, they offer over 200 sessions for corporate members and minority-business enterprises (MBEs), serving over 11,000 participants, and receive a high satisfaction rating for each session. The economic impact of their activities is significant, with $36 billion generated and 209,500 jobs created or retained.
Official website here: www.minoritysupplier.org
Who is the CEO of Michigan Minority Purchasing Council Db?
Michelle Sourie Robinson is the Board Member of Michigan Minority Purchasing Council Db. The CEO's salary of Michigan Minority Purchasing Council Db is $331,981 and their total compensation is $349,708.
Official website here: www.minoritysupplier.org
What is the revenue of Michigan Minority Purchasing Council Db?
Michigan Minority Purchasing Council Db's revenue in 2022 was $5,420,735.
Official website here: www.minoritysupplier.org
Who are the executives of Michigan Minority Purchasing Council Db and what are their salaries?
The average compensation at Michigan Minority Purchasing Council Db during 2022 was $77,253. There are 21 employees and 44 volunteers at Michigan Minority Purchasing Council Db.
Here are 31 key members and their salaries (Michigan Minority Purchasing Council Db's CEO's salary is $331,981 and their total compensation is $349,708):
- 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: $331,981
- Related: $0
- Other: $17,727
- 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: $117,471
- Related: $0
- Other: $0
- Compensation: $113,321
- Related: $0
- Other: $10,832
- Compensation: $157,656
- Related: $0
- Other: $9,772
- Compensation: $206,618
- Related: $0
- Other: $25,427
- Compensation: $105,129
- Related: $0
- Other: $10,113
Official website here: www.minoritysupplier.org
Where can I find the form 990 for Michigan Minority Purchasing Council Db?
Michigan Minority Purchasing Council Db's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.minoritysupplier.org
Learn more at the official website: www.minoritysupplier.org
Mission Statement of Michigan Minority Purchasing Council Db
The Michigan Minority Purchasing Council, known as MMPDC, plays a significant role in promoting business opportunities for certified Minority Business Enterprises (MBEs). Their mission is to connect these enterprises with corporate members, thereby providing access to procurement opportunities. The council also strives to develop the capacity of minority-owned businesses, enabling them to thrive in the business world.
Throughout the year, MMPDC conducts customized matchmakers, business networking forums, and trade fairs. These events offer minority-owned businesses an opportunity to showcase their products and services to major corporations and government agencies, fostering and encouraging buyer-vendor relationships. This results in increased business opportunities for minority-owned firms. In a typical year, MMPDC offers over 200 sessions for corporate members and MBES, collectively serving over 11,000 participants. The council's sessions receive a high satisfaction rating, with 90% satisfaction for each session. The economic impact of MMPDC's efforts is substantial, contributing to $36 billion in economic growth and creating or retaining 209,500 jobs.
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
July, 2024
Michigan Minority Purchasing Council Db D/B/A Mmsdc's impact can be seen in the significant economic opportunities it provides for certified minority business enterprises. By connecting these businesses to corporate members and facilitating buyer/vendor relationships, Mmsdc has played a crucial role in generating a substantial economic impact of $36 billion. This impact has also translated into the creation and retention of 209,500 jobs, thus contributing to the overall economic development of the community. Through its various initiatives such as customized matchmakers, business networking forums, and trade fairs, Mmsdc has not only increased business opportunities for minority-owned firms but has also fostered a more inclusive and diverse business environment.
This information is meant to be a general summary of Michigan Minority Purchasing Council Db. 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: $188,477
- Program Service Revenue: $660,271
- Gross Receipts: $10,058,589
Assets and Liabilities:
- Total Assets: $6,546,503
- Total Liabilities: $1,861,077
- Net Assets: $4,685,426
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MMPC
Revenue
$509,113
MISCELLANEOUS PROGRAMS
Revenue
$150,158
CHAIR'S SCHOLARSHIP
Revenue
$1,000
Organization Details
Founding Year
1980
Phone
(313) 873-3200Principal Officer
Michelle Sourie Robinson
Main Address
100 RIVER PLACE 300, DETROIT, MI, 48207
Website
www.minoritysupplier.orgNTEE Category
Code: S300 - Community improvement
If you are a representative of Michigan Minority Purchasing Council Db 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.