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Carolinas Virginia Minority Supplier Development Councils Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561191106 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

Overview

What is Carolinas Virginia Minority Supplier Development Councils Inc?

Carolinas Virginia Minority Supplier Development Councils Inc, based in Charlotte, North Carolina, is a nonprofit organization with a mission to foster economic growth by connecting Minority Business Enterprises (MBEs) with corporations. Over the past year, they have expanded their network by adding 12 new corporate members and 84 new MBEs. In terms of activities, they have hosted three significant events and celebrated their 50th anniversary of community engagement. Furthermore, they have awarded development scholarships to 50 MBEs. With a team of 10 dedicated individuals, this organization plays a crucial role in promoting business opportunities and growth for minority-owned businesses in the Carolinas and Virginia regions.


Official website here: www.cvmsdc.org

Is Carolinas Virginia Minority Supplier Development Councils Inc legitimate?

Carolinas Virginia Minority Supplier Development Councils Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carolinas Virginia Minority Supplier Development Councils 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $459,786

For more financial information, click here


Official website here: www.cvmsdc.org

What is the mission statement of Carolinas Virginia Minority Supplier Development Councils Inc?

The mission of Carolinas Virginia Minority Supplier Development Councils Inc, as stated, is focused on connecting Minority Business Enterprises (MBEs) with corporations to foster economic growth. This organization serves to bridge the gap between these two entities, aiming to drive development and expansion in the business sector. They have achieved this by adding 12 new corporate members and 84 new MBEs to their network. Furthermore, they have organized three major events to facilitate these connections and celebrate milestones, such as their 50th anniversary of community engagement. Additionally, they offer development scholarships to 50 MBEs, providing them with valuable resources to enhance their businesses.


Official website here: www.cvmsdc.org

Who is the CEO of Carolinas Virginia Minority Supplier Development Councils Inc?

S Dallas Simmons is the Treasurer of Carolinas Virginia Minority Supplier Development Councils Inc. The CEO's salary of Carolinas Virginia Minority Supplier Development Councils Inc is $141,539 and their total compensation is $141,539.


Official website here: www.cvmsdc.org

What is the revenue of Carolinas Virginia Minority Supplier Development Councils Inc?

Carolinas Virginia Minority Supplier Development Councils Inc's revenue in 2022 was $1,403,116.


Official website here: www.cvmsdc.org

Who are the executives of Carolinas Virginia Minority Supplier Development Councils Inc and what are their salaries?

The average compensation at Carolinas Virginia Minority Supplier Development Councils Inc during 2022 was $45,979. There are 10 employees and 30 volunteers at Carolinas Virginia Minority Supplier Development Councils Inc.

Here are 25 key members and their salaries (Carolinas Virginia Minority Supplier Development Councils Inc's CEO's salary is $141,539 and their total compensation is $141,539):

    Dominique Milton (President & Ceo)
  • Compensation: $141,539
  • Related: $0
  • Other: $0

    • Debra White (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Wilkins (1St Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathy Williams (2Nd Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • S Dallas Simmons (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Horne (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matteo Di Michele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James W Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chiquita Lloyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Hamlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Knighton Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dallas Simmons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carlo White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Troy Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Blake (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Laskey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lissa Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffery Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Sabine Lidl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anton Gunn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derrick Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dallas Dance (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Harvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tj Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cvmsdc.org

    Where can I find the form 990 for Carolinas Virginia Minority Supplier Development Councils Inc?

    The Carolinas Virginia Minority Supplier Development Councils Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cvmsdc.org

    Learn more at the official website: www.cvmsdc.org

    Mission Statement of Carolinas Virginia Minority Supplier Development Councils Inc

    Carolinas Virginia Minority Supplier Development Councils Inc, abbreviated as CVMSDC, is dedicated to connecting Minority Business Enterprises (MBEs) with corporations, aiming to stimulate economic growth. The organization's mission is to serve as a bridge, connecting these two entities, thereby fostering opportunities for growth and development. By fostering these connections, CVMSDC aims to contribute to the overall economic growth of the community.

    In pursuit of its mission, CVMSDC has made significant strides. It has added 12 new corporate members, further expanding its network and increasing the opportunities available to MBEs. Additionally, the organization has welcomed 84 new MBEs into its fold, thereby broadening its base and increasing its capacity to drive economic growth. To celebrate its achievements and community engagement, CVMSDC celebrated its 50th anniversary with three major events. Furthermore, in an effort to support the growth and development of MBEs, the council awarded development scholarships to 50 of its members. This investment in education and development is expected to yield significant dividends in the future, as these businesses continue to grow and contribute to the economy.

    Impact

    This information is meant to be a general summary of Carolinas Virginia Minority Supplier Development Councils Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Carolinas Virginia Minority Supplier Development Councils Inc, also known as CVMSDC, has made a significant impact by connecting Minority Business Enterprises (MBEs) and corporations to drive economic growth. In the past year, CVMSDC has added 12 new corporate members and 84 new MBEs, facilitating valuable partnerships that benefit both parties. Additionally, the organization has hosted three major events, including the 50th anniversary celebration of community engagement.

    One of the notable initiatives undertaken by CVMSDC is the provision of development scholarships to 50 MBEs, empowering them to enhance their skills and expand their businesses. Through its mission of fostering connections between MBEs and corporations, CVMSDC plays a crucial role in driving economic development and promoting diversity in the business world.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $59
  • Program Service Revenue: $881,648
  • Gross Receipts: $1,403,116

    • Assets and Liabilities:
  • Total Assets: $1,586,105
  • Total Liabilities: $98,408
  • Net Assets: $1,487,697
  • Organization Details

    Founding Year

    1977

    Principal Officer

    S Dallas Simmons

    Main Address

    9319 Robert D Snyder Rd Portal Bldg, Charlotte, NC, 28223

    NTEE Category

    Code: S430 - Community improvement

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