Overview
What is Pr Minority Supplier Development Council Inc?
Pr Minority Supplier Development Council Inc, based in San Juan, Puerto Rico, serves as a nonprofit organization with a mission to boost business opportunities for certified Minority Business Enterprises (MBEs). With a team of seven dedicated individuals, they specialize in the development of certification and facilitating corporate referrals. Their primary goal is to amplify the business prospects for these certified MBEs within their member network.
Official website here: www.prmsdc.org
Is Pr Minority Supplier Development Council Inc legitimate?
Pr Minority Supplier Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pr 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: $110,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,846
For more financial information, click here
Official website here: www.prmsdc.org
What is the mission statement of Pr Minority Supplier Development Council Inc?
The Pr Minority Supplier Development Council Inc's mission is centered around enhancing business prospects. Their primary goal is to amplify the number of business opportunities offered by their member companies to certified Minority Business Enterprises (MBEs). This mission is achieved through initiatives such as the development of certification and facilitating corporate referrals for potential business opportunities.
Official website here: www.prmsdc.org
What is the revenue of Pr Minority Supplier Development Council Inc?
Pr Minority Supplier Development Council Inc's revenue in 2023 was $989,564.
Official website here: www.prmsdc.org
Who are the executives of Pr Minority Supplier Development Council Inc and what are their salaries?
The average compensation at Pr Minority Supplier Development Council Inc during 2023 was $52,216. There are 6 employees at Pr Minority Supplier Development Council Inc.
Here are 14 key members and their salaries:
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Official website here: www.prmsdc.org
Where can I find the form 990 for Pr Minority Supplier Development Council Inc?
Pr Minority Supplier Development Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.prmsdc.org
Learn more at the official website: www.prmsdc.org
Mission Statement of Pr Minority Supplier Development Council Inc
The Pr Minority Supplier Development Council Inc is committed to a mission aimed at increasing the number of business opportunities provided by its members to certified Minority Business Enterprises (MBEs). This organization focuses on two primary aspects to achieve its goal: certification development and corporate referrals for business opportunities. By offering certification services, the Pr Minority Supplier Development Council Inc empowers MBEs to gain recognition and access to potential business partnerships. Additionally, the council actively connects its member companies with certified MBEs, offering them business opportunities that can contribute to their growth and success. Overall, the Pr Minority Supplier Development Council Inc plays a vital role in fostering business relationships between its members and MBEs, promoting equity and fostering economic growth within the minority business community.
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Impact
October, 2024
Pr Minority Supplier Development Council Inc significantly impacts the local economy by enhancing business opportunities for certified Minority Business Enterprises (MBEs). Through its efforts, the organization facilitates certification development and provides corporate referrals, helping to connect MBEs with larger businesses and government entities. This targeted approach not only increases visibility for minority-owned businesses but also fosters diversity within the supply chain.
By focusing on expanding opportunities for MBEs in San Juan and beyond, the Council plays a critical role in promoting community improvement and economic empowerment. Its mission directly contributes to a more inclusive business environment, ensuring that minority entrepreneurs have the resources and connection needed to thrive and compete effectively in the marketplace. Through its initiatives, the Council cultivates a supportive ecosystem that uplifts underrepresented communities and drives economic growth.
This information is meant to be a general summary of Pr 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 2023.
- Investment Income: $33,351
- Program Service Revenue: $474,566
- Gross Receipts: $989,564
Assets and Liabilities:
- Total Assets: $1,898,055
- Total Liabilities: $252,214
- Net Assets: $1,645,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CERTIFICATION FEE
Revenue
$280,850
SPECIAL EVENTS
Revenue
$166,366
CORPORATE SPONSORSHIP
Revenue
$27,350
Organization Details
Founding Year
1982
Principal Officer
Francisco Cabrera Galindo
Website
www.prmsdc.orgNTEE Category
Code: S43 - Community improvement
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