Overview
What is Tristate Minority Supplier Development Council Inc?
Tristate Minority Supplier Development Council Inc, located in Nashville, Tennessee, is a nonprofit organization with a mission to foster economic opportunities and development for economically disadvantaged businesses. They operate with a team of only two individuals and are committed to advancing programs that promote the growth and success of these businesses. The Council's activities are geared towards providing essential resources and support to these economically disadvantaged enterprises, thereby contributing to the overall economic development of the region.
Official website here: www.tsmsdc.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Tristate Minority Supplier Development Council Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The overall score reflects a solid commitment to financial health and transparency, especially with a high program expense ratio of 70.83%, meaning a significant portion of its funds directly supports its mission.
Strengths include an independent board comprising 91% of its members and robust financial oversight, evidenced by perfect scores in audit and oversight committee practices, as well as no material diversion of assets. However, the organization is noted for lacking a whistleblower policy, which is a critical component of organizational governance that could enhance its accountability further.
In summary, while the council showcases strong financial practices and governance, the absence of certain policies suggests room for improvement in creating a more complete framework for accountability. Overall, it remains a robust entity committed to its purpose within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Tristate Minority Supplier Development Council Inc legitimate?
Tristate Minority Supplier Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tristate Minority Supplier Development Council 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $295,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tsmsdc.net
What is the mission statement of Tristate Minority Supplier Development Council Inc?
The Tristate Minority Supplier Development Council Inc's mission revolves around promoting economic opportunities and development programs for businesses that are economically disadvantaged. The organization's primary goal is to advance these businesses through various developmental initiatives. Their mission is centered around fostering a conducive environment for such businesses to thrive and grow. The Council's activities are geared towards providing the necessary resources and support to these economically disadvantaged businesses, thereby contributing to their economic advancement.
Official website here: www.tsmsdc.net
Who is the CEO of Tristate Minority Supplier Development Council Inc?
Cheri K Henderson is the President And Ceo of Tristate Minority Supplier Development Council Inc. The CEO's salary of Tristate Minority Supplier Development Council Inc is $190,000 and their total compensation is $190,000.
Official website here: www.tsmsdc.net
What is the revenue of Tristate Minority Supplier Development Council Inc?
Tristate Minority Supplier Development Council Inc's revenue in 2022 was $810,529.
Official website here: www.tsmsdc.net
Who are the executives of Tristate Minority Supplier Development Council Inc and what are their salaries?
The average compensation at Tristate Minority Supplier Development Council Inc during 2022 was $147,896. There are 2 employees at Tristate Minority Supplier Development Council Inc.
Here are 6 key members and their salaries (Tristate Minority Supplier Development Council Inc's CEO's salary is $190,000 and their total compensation is $190,000):
- Compensation: $190,000
- 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
Official website here: www.tsmsdc.net
Where can I find the form 990 for Tristate Minority Supplier Development Council Inc?
Tristate Minority Supplier Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tsmsdc.net
Learn more at the official website: www.tsmsdc.net
Mission Statement of Tristate Minority Supplier Development Council Inc
Tristate Minority Supplier Development Council Inc is committed to fostering economic opportunities and development programs for businesses that are economically disadvantaged. The organization's mission is centered around advancing the economic well-being of these businesses, providing them with the necessary tools and resources to thrive. By focusing on development programs, Tristate Minority Supplier Development Council Inc aims to create a level playing field for these disadvantaged businesses, enabling them to compete effectively in the market. The council's mission is a vital step towards promoting inclusivity and diversity in the business world.
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Impact
July, 2024
Tristate Minority Supplier Development Council Inc has a significant impact on the advancement of economic opportunities and development programs for economically disadvantaged businesses. By focusing on providing support and resources to these businesses, the council plays a crucial role in promoting economic growth and sustainability within the community. Through its efforts, Tristate Minority Supplier Development Council Inc contributes to the empowerment and success of economically disadvantaged entrepreneurs, fostering a more inclusive and thriving business environment in Nashville, TN.
This information is meant to be a general summary of Tristate Minority Supplier Development Council Inc. 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: $2,007
- Program Service Revenue: $66,318
- Gross Receipts: $810,529
Assets and Liabilities:
- Total Assets: $1,486,698
- Total Liabilities: $11,329
- Net Assets: $1,475,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLICATION INCOME
Revenue
$13,817
PROGRAM INCOME
Revenue
$52,501
Organization Details
Founding Year
1979
Principal Officer
Cheri K Henderson
Main Address
METROCENTER PLZ BLD 1 220 ATHENS WY, NASHVILLE, TN, 37228
Website
www.tsmsdc.netNTEE Category
Code: S43Z - Community improvement
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