Overview
What is National Veteran Business Development Council?
The National Veteran Business Development Council (NVBDC) is a nonprofit organization situated in Troy, Michigan. Its primary mission is to certify veteran-owned businesses (VOBs) and service-disabled veteran-owned businesses (SDVOBs), enabling them to collaborate with American corporations. The council has developed a custom data system and portal for corporations to review VOBs/SDVOBs' capability statements and contact information. They have completed over 400 certifications, including on-site visits to confirm submitted information. NVBDC actively participates in events and delivers presentations to VOBs/SDVOBs and corporations, highlighting the benefits of certifications. They have hosted two live conferences and presented several webinars. Additionally, NVBDC has established a new veteran scholarship program and continuously upgrades its online certification program, having certified over 800 VOBs to date, with a team of 10 employees.
Official website here: www.nvbdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. This score reflects the National Veteran Business Development Council's commitment to accountability and finance, with a strong emphasis on maintaining independent governance. The organization has achieved perfect scores in several areas including independent board membership and material diversion of assets, indicating sound financial practices.
The nonprofit demonstrates a solid program expense ratio of 69.53%, which suggests that a significant portion of funds is directed towards its programs rather than administrative overhead. Additionally, the council's governance is notably strengthened by having a majority of independent board members, ensuring that decision-making is conducted without potential conflicts of interest.
However, there are areas for improvement, particularly regarding the absence of a whistleblower policy and a document retention policy, which has affected their overall accountability score. Addressing these missing policies could enhance the organization's transparency and further bolster confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is National Veteran Business Development Council legitimate?
National Veteran Business Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Veteran Business 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: $340,673
Professional Fundraising Fees: $0
Other Salaries and Wages: $363,656
For more financial information, click here
Official website here: www.nvbdc.org
What is the mission statement of National Veteran Business Development Council?
The National Veteran Business Development Council (NVBDC) was established with a mission to certify Veteran-owned businesses (VOBs) and Service-disabled Veteran-owned businesses (SDVOBs) interested in conducting business with American companies. The organization aims to facilitate this process by creating a custom data system and a portal for corporations to review the capability statements and contact information of these businesses. To date, NVBDC has completed over 400 certifications, including on-site visits to verify submitted information. The council actively participates in events and delivers presentations to VOBs, SDVOBs, and corporations to highlight the benefits of certifications. NVBDC has conducted live conferences and webinars, and has also launched a new Veteran scholarship program. The council continues to upgrade its online certification program and has certified over 800 VOBs thus far.
Official website here: www.nvbdc.org
Who is the CEO of National Veteran Business Development Council?
Keith King is the Ceo of National Veteran Business Development Council. The CEO's salary of National Veteran Business Development Council is $60,000 and their total compensation is $60,000.
Official website here: www.nvbdc.org
What is the revenue of National Veteran Business Development Council?
National Veteran Business Development Council's revenue in 2022 was $1,645,249.
Official website here: www.nvbdc.org
Who are the executives of National Veteran Business Development Council and what are their salaries?
The average compensation at National Veteran Business Development Council during 2022 was $70,433. There are 10 employees at National Veteran Business Development Council.
Here are 11 key members and their salaries (National Veteran Business Development Council's CEO's salary is $60,000 and their total compensation is $60,000):
- Compensation: $45,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,330
- Related: $0
- Other: $0
- Compensation: $33,750
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $4,700
- Related: $0
- Other: $0
- Compensation: $42,003
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $45,500
- Related: $0
- Other: $0
Official website here: www.nvbdc.org
Where can I find the form 990 for National Veteran Business Development Council?
National Veteran Business Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nvbdc.org
Learn more at the official website: www.nvbdc.org
Mission Statement of National Veteran Business Development Council
The National Veteran Business Development Council (NVBDC) was established with a mission to certify Veteran Owned Businesses (VOBs) and Service Disabled Veteran Owned Businesses (SDVOBs) who are interested in conducting business with American companies. This nonprofit organization aims to bridge the gap between these veteran-led businesses and potential corporate partners by providing a custom data system and a dedicated portal for corporations to review the capabilities and contact information of these certified businesses.
Since its inception, NVBDC has successfully certified over 400 VOBs and SDVOBs, including conducting on-site visits to confirm the submitted information. The organization has also attended various events and delivered presentations to both VOBs, SDVOBs, and corporations, highlighting the value of certifications. Furthermore, NVBDC has organized two live conferences and numerous webinars to educate and engage with its network. In addition to these initiatives, the nonprofit has established a Veteran Scholarship Program to support the education of veteran entrepreneurs.
In an ongoing effort to improve its services, NVBDC has continuously upgraded its online certification program and, to date, has certified over 800 VOBs. The council's mission is to facilitate business opportunities for veteran entrepreneurs and promote the value of their contributions to the corporate world. By providing a comprehensive certification process and a platform for corporations to connect with these businesses, NVBDC plays a significant role in supporting the growth and success of veteran-led enterprises.
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Impact
July, 2024
The National Veteran Business Development Council has had a significant impact on the business landscape by certifying over 800 Veteran-Owned Businesses (VOBs) and Service Disabled Veteran-Owned Businesses (SDVOBs) to date. By providing this certification, the NVBDC opens up opportunities for these businesses to engage with American companies, fostering partnerships and collaborations that benefit both parties. Additionally, the NVBDC's efforts to create custom data automation and portals have streamlined the certification process, making it easier for corporations to connect with VOBs and SDVOBs. Through initiatives like live conferences, webinars, and a veteran scholarship program, the NVBDC continues to educate and support the veteran business community, ensuring their success and growth in the market.
This information is meant to be a general summary of National Veteran Business 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: $35
- Program Service Revenue: $477,807
- Gross Receipts: $1,645,249
Assets and Liabilities:
- Total Assets: $457,409
- Total Liabilities: $47,307
- Net Assets: $410,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUE FROM CERTIFICATE
Revenue
$386,650
REVENUE FROM EVENTS
Revenue
$91,157
Organization Details
Founding Year
2013
Phone
(313) 446-6885Principal Officer
Keith King
Main Address
901 WILSHIRE DRIVE SUITE 255, TROY, MI, 48084
Website
www.nvbdc.orgNTEE Category
Code: B60 - Education
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