Overview
What is Florida State Minority Supplier Dev Council?
Florida State Minority Supplier Development Council (FSMSDC) is a nonprofit organization situated in Miami, Florida. Its primary mission is to promote equity in business by facilitating relationships between corporate entities and government bodies with Minority Business Enterprises (MBEs). To achieve this goal, FSMSDC offers hands-on business assistance, training, and access to technology and capital resources. By doing so, the organization aims to enhance the operating capacity of MBEs, thereby creating and retaining jobs and driving revenue growth. FSMSDC's services include technical business assistance to increase the capacity of MBEs, ultimately contributing to a more inclusive and diverse business environment.
Official website here: www.fsmsdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star Rating from Charity Navigator
The Florida State Minority Supplier Development Council has received a commendable Four-Star rating, reflecting its strong commitment to accountability and finance. With an impressive Accountability & Finance score of 97, the organization effectively manages its resources, as shown by a low liabilities to assets ratio of 18.55% and a high program expense ratio of 87.52%. These metrics indicate a solid financial foundation and a focus on delivering impactful programs.
Additionally, the Council excels in constituent feedback, achieving a perfect score of 100 out of 100 points. This demonstrates not only the organization's dedication to engaging with its stakeholders but also its effectiveness in implementing their feedback to enhance its services. Its high scores in feedback collection, usage, and practices further reinforce its commitment to transparency and responsiveness.
However, while the organization shows great strength in many areas, there are some limitations in its equity strategies and data collection, scoring 89 and 4 out of 7, respectively. This suggests that while equity initiatives are present, there may be room for improvement in how data is gathered and utilized to support these strategies. Overall, the Florida State Minority Supplier Development Council emerges as a high-performing nonprofit with effective financial management and stakeholder engagement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Florida State Minority Supplier Dev Council?
Though the Florida State Minority Supplier Development Council currently has only a few reviews and is not yet rated, the existing feedback is quite positive. One user shared their experience of obtaining certification as a Minority Business Enterprise (MBE) through the organization, highlighting significant growth in their business as a result. They appreciated the access to valuable trainings and workshops that have directly contributed to their success.
The user specifically commended the supportive nature of the FSMSDC staff, noting their willingness to assist in various ways. The review emphasizes that while there are numerous certifications available for small businesses, the one offered by the FSMSDC stands out as particularly beneficial and important for growth.
Overall, this initial feedback indicates a strong sense of satisfaction with the opportunities and support provided by the council, marking it as a valuable resource for minority-owned businesses in Florida.
This AI summary has been generated from reviews found on Facebook.
Is Florida State Minority Supplier Dev Council legitimate?
Florida State Minority Supplier Dev Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida State Minority Supplier Dev 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: $1,422,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,834
For more financial information, click here
Official website here: www.fsmsdc.org
What is the mission statement of Florida State Minority Supplier Dev Council?
The Florida State Minority Supplier Development Council (FSMSDC) is dedicated to promoting equality in business by connecting corporate and government entities with Minority Business Enterprises (MBEs). Their mission is to boost purchasing from minority businesses by government entities and corporations, and simultaneously enhance the operational capabilities of MBEs through practical business assistance, training, and access to technological and financial resources. By providing technical business services, FSMSDC aims to increase the capacity of MBEs, create and retain jobs, and boost revenues.
Official website here: www.fsmsdc.org
Who is the CEO of Florida State Minority Supplier Dev Council?
Beatrice S Louissant is the Presidentceo of Florida State Minority Supplier Dev Council. The CEO's salary of Florida State Minority Supplier Dev Council is $0 and their total compensation is $0.
Official website here: www.fsmsdc.org
What is the revenue of Florida State Minority Supplier Dev Council?
Florida State Minority Supplier Dev Council's revenue in 2022 was $3,367,190.
Official website here: www.fsmsdc.org
Who are the executives of Florida State Minority Supplier Dev Council and what are their salaries?
Here are 15 key members and their salaries (Florida State Minority Supplier Dev Council's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.fsmsdc.org
Where can I find the form 990 for Florida State Minority Supplier Dev Council?
Florida State Minority Supplier Dev Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fsmsdc.org
Learn more at the official website: www.fsmsdc.org
Mission Statement of Florida State Minority Supplier Dev Council
The Florida State Minority Supplier Development Council (FSMSDC) is committed to bridging the gap between corporate and government entities and Minority Business Enterprises (MBEs). Their mission is centered around fostering equity in business by promoting increased purchasing from MBEs by both government bodies and corporations. In addition to this, FSMSDC strives to enhance the operational capacity of MBEs through various means, including hands-on business assistance, training, and access to technological and capital resources. By doing so, the organization aims to help MBEs create and retain jobs, as well as boost revenues. Overall, the Florida State Minority Supplier Development Council works tirelessly to advance the growth and success of minority-owned businesses.
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Impact
July, 2024
Florida State Minority Supplier Development Council has a significant impact on fostering equity in business by linking corporate and government members with Minority Business Enterprises (MBEs). Through its efforts, the organization helps increase purchasing from MBEs by government entities and corporations, leading to the growth of minority businesses. FSMSDC provides essential technical business services, training, and access to resources like technology and capital, thereby enhancing the operating capacity of MBEs. By helping MBEs increase their capacity, create jobs, and grow revenues, FSMSDC plays a crucial role in promoting diversity and inclusivity in the business world and positively impacting community improvement.
This information is meant to be a general summary of Florida State Minority Supplier Dev 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: $936,448
- Gross Receipts: $3,367,190
Assets and Liabilities:
- Total Assets: $2,052,076
- Total Liabilities: $381,041
- Net Assets: $1,671,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NMSDC
Revenue
$337,895
Minority Business Enter
Revenue
$531,053
Local Corporate Dues
Revenue
$67,500
Organization Details
Founding Year
1975
Principal Officer
Beatrice S Louissant
Main Address
9499 NE 2nd Avenue Suite 201, Miami, FL, 33138
Website
www.fsmsdc.orgNTEE Category
Code: S43 - Community improvement
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