Overview
What is Rocky Mountain Minority Supplier Development Council?
The Rocky Mountain Minority Supplier Development Council is a nonprofit organization situated in Englewood, Colorado. With a team of five dedicated individuals, their primary mission is to inspire and promote business policies and programs that foster the purchase of goods and services from minority-owned enterprises. This initiative aims to boost the economic growth and development of the minority business community within their region. The council, also known as Mountain Plains Minority Supplier Development Council, actively encourages area businesses to uphold such practices.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The Rocky Mountain Minority Supplier Development Council has received a Two-Star rating from Charity Navigator, indicating that while the organization performs adequately, there are significant areas for improvement. The Accountability and Finance score of 71 reflects a lack of independent board members, which is crucial for governance and oversight. However, the organization shows strength in its financial management, with a high program expense ratio of 90.24%, suggesting that the majority of its funds are being directed towards its mission-related activities.
Despite these strengths, there are notable limitations that impact the organization's overall score. The absence of independent board members raises concerns about governance transparency, and missing policies such as a conflict of interest and whistleblower policy further highlight governance weaknesses. Additionally, the organization's website is missing key financial documents, which may hinder public trust and accessibility.
Overall, while the Rocky Mountain Minority Supplier Development Council demonstrates a commitment to its mission through significant program expenses, the lack of independent oversight and missing governance policies suggest there is room for enhancement in accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Rocky Mountain Minority Supplier Development Council legitimate?
Rocky Mountain Minority Supplier Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocky Mountain 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $571,407
For more financial information, click here
What is the mission statement of Rocky Mountain Minority Supplier Development Council?
The Rocky Mountain Minority Supplier Development Council's mission is to motivate local businesses to establish and implement policies and programs that boost the procurement of goods and services from the minority business community. This initiative aims to foster the economic growth of minority-owned businesses. By encouraging such policies, the council contributes to the broader objective of enhancing business diversity and inclusivity.
Who is the CEO of Rocky Mountain Minority Supplier Development Council?
Stan Sena is the Ceo of Rocky Mountain Minority Supplier Development Council. The CEO's salary of Rocky Mountain Minority Supplier Development Council is $0 and their total compensation is $0.
What is the revenue of Rocky Mountain Minority Supplier Development Council?
Rocky Mountain Minority Supplier Development Council's revenue in 2022 was $1,795,424.
Who are the executives of Rocky Mountain Minority Supplier Development Council and what are their salaries?
The average compensation at Rocky Mountain Minority Supplier Development Council during 2022 was $114,281. There are 5 employees and 139 volunteers at Rocky Mountain Minority Supplier Development Council.
Here are 16 key members and their salaries (Rocky Mountain Minority Supplier Development Council's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Rocky Mountain Minority Supplier Development Council?
Rocky Mountain Minority Supplier Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rocky Mountain Minority Supplier Development Council
The Rocky Mountain Minority Supplier Development Council, as an organization, strives to motivate and promote business policies and programs within the region that will boost the procurement of goods and services from the minority business community. By doing so, it aims to contribute to the economic advancement of these minority-owned businesses. In essence, the council's mission is to foster a business environment that encourages and supports the growth of minority-owned enterprises, thereby bolstering their ability to compete in the market.
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Impact
July, 2024
Rocky Mountain Minority Supplier Development Council has significantly impacted the economic development of minority-owned businesses in the Mountain Plains region. By encouraging its members to adopt corporate policies and programs that prioritize purchasing goods and services from minority-owned businesses, this council has effectively boosted opportunities for minority entrepreneurs. This initiative has directly contributed to the growth and sustainability of the minority business community, fostering a more inclusive and thriving economic landscape.
This information is meant to be a general summary of Rocky Mountain 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.
- Investment Income: $1,757
- Program Service Revenue: $1,068,371
- Gross Receipts: $1,833,581
Assets and Liabilities:
- Total Assets: $1,732,882
- Total Liabilities: $514,173
- Net Assets: $1,218,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$719,648
NMSDC CONTRIBUTIONS
Revenue
$348,723
Organization Details
Founding Year
1999
Phone
(303) 623-3037Principal Officer
Stan Sena
Main Address
6025 S QUEBEC STREET, ENGLEWOOD, CO, 80111
NTEE Category
Code: S20 - Community improvement
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