Overview
What is Capital Region Minority Supplier Development Council?
The Capital Region Minority Supplier Development Council is a nonprofit organization situated in Silver Spring, Maryland. Its primary mission is to bridge the gap between corporate America and minority-owned businesses, with the aim of expanding procurement opportunities. This mission is accomplished through two key projects: the MBDA Business Center and the MBDA Federal Procurement Center. The organization, with a team of three dedicated individuals, serves as a direct connection between corporations and minority-owned enterprises, fostering a conducive environment for business growth and development.
Official website here: www.crmsdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The Capital Region Minority Supplier Development Council has achieved a strong rating of 92%, reflecting a commitment to accountability and finance. This score is based entirely on their robust financial practices, showcasing a well-managed organization with a focus on transparency. Their majority independent board and effective oversight mechanisms contribute to their high marks in governance.
Strengths of the organization include a fully independent board and a solid financial structure, with an impressive program expense ratio of 90.78%. This indicates that a significant portion of their resources is directed towards their mission rather than administrative costs. Additionally, they have transparent policies in place for conflict of interest and document retention.
However, there is a noted limitation in their governance practices, specifically the absence of a whistleblower policy, which could raise concerns about internal reporting mechanisms. Despite this shortfall, the overall financial health and governance practices position the organization favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Capital Region Minority Supplier Development Council legitimate?
Capital Region Minority Supplier Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Region 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: $160,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $812,672
For more financial information, click here
Official website here: www.crmsdc.org
What is the mission statement of Capital Region Minority Supplier Development Council?
The Capital Region Minority Supplier Development Council's mission is to establish a direct connection between corporate America and minority-owned businesses, with the primary objective of expanding procurement opportunities for these businesses. By fulfilling this purpose, the council aims to play a crucial role in fostering business growth and equal opportunities within the corporate sector. The organization offers certification and corporate services to facilitate this connection, such as the MBDA Business Center Project and the MBDA Federal Procurement Center Project.
Official website here: www.crmsdc.org
Who is the CEO of Capital Region Minority Supplier Development Council?
Sharon R Pinder is the President & Ceo of Capital Region Minority Supplier Development Council. The CEO's salary of Capital Region Minority Supplier Development Council is $160,000 and their total compensation is $160,000.
Official website here: www.crmsdc.org
What is the revenue of Capital Region Minority Supplier Development Council?
Capital Region Minority Supplier Development Council's revenue in 2022 was $3,091,900.
Official website here: www.crmsdc.org
Who are the executives of Capital Region Minority Supplier Development Council and what are their salaries?
The average compensation at Capital Region Minority Supplier Development Council during 2022 was $324,224. There are 3 employees and 21 volunteers at Capital Region Minority Supplier Development Council.
Here are 38 key members and their salaries (Capital Region Minority Supplier Development Council's CEO's salary is $160,000 and their total compensation is $160,000):
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Official website here: www.crmsdc.org
Where can I find the form 990 for Capital Region Minority Supplier Development Council?
Capital Region Minority Supplier Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crmsdc.org
Learn more at the official website: www.crmsdc.org
Mission Statement of Capital Region Minority Supplier Development Council
The Capital Region Minority Supplier Development Council, often referred to as The Council, is dedicated to establishing a direct connection between major corporations and minority-owned businesses. Its primary objective is to expand procurement opportunities for these businesses. By serving as an intermediary, The Council aims to bridge the gap between corporate America and minority entrepreneurs, thereby fostering growth and equity in business partnerships.
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Impact
July, 2024
The Capital Region Minority Supplier Development Council's impact is evident in the increased procurement opportunities it provides for minority-owned businesses by serving as a direct link between corporate America and these underrepresented enterprises. Through certification and corporate services, as well as projects like the MBDA Business Center and MBDA Federal Procurement Center, the Council facilitates partnerships that lead to economic growth and empowerment within the minority business community. Its dedication to fostering connections and leveling the playing field in the business world fuels positive change and contributes to overall community improvement.
This information is meant to be a general summary of Capital Region 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.
- Program Service Revenue: $1,664,211
- Gross Receipts: $3,091,900
Assets and Liabilities:
- Total Assets: $2,454,689
- Total Liabilities: $650,976
- Net Assets: $1,803,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EVENTS
Revenue
$750,714
CORPORATE AND GOVT FEES
Revenue
$469,208
MBE CERTIFICATION FEES
Revenue
$444,289
Organization Details
Founding Year
1983
Phone
(301) 592-6700Principal Officer
Sharon R Pinder
Main Address
10750 COLUMBIA PIKE, SILVER SPRING, MD, 20901
Website
www.crmsdc.orgNTEE Category
Code: S43 - Community improvement
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