Overview
What is Northwest Minority Supplier Development Council?
The Northwest Minority Supplier Development Council is a nonprofit organization situated in Tukwila, Washington. Its primary mission is to foster business opportunities for minority firms, strengthening economic ties between these businesses and both public and private sectors. The council actively identifies and develops educational and commercial prospects for Minority Business Enterprises (MBEs), corporations, and public agencies, ultimately contributing to increased revenue for all stakeholders. Based in Tukwila, WA 98188, the council operates with a team of five dedicated individuals.
Official website here: www.nwmmsdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Northwest Minority Supplier Development Council has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored an impressive 86% in this category, reflecting its commitment to responsible financial practices and transparency. A significant strength is its independent board, which is fully comprised of independent members, and it has effectively avoided any material diversions of assets.
However, there are notable areas for improvement. While the council has policies in place for conflict of interest and has ensured that the financial statements undergo proper audit oversight, it lacks essential documents such as a whistleblower policy and document retention protocols. Additionally, the absence of board meeting minutes raises concerns regarding transparency in governance practices. Despite these limitations, the high program expense ratio of 87.46% suggests a strong focus on delivering value to its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Northwest Minority Supplier Development Council?
100% of 10 reviewers on Facebook recommend the Northwest Minority Supplier Development Council. Here's a summary of their thoughts:
Many users appreciate the organization's commitment to empowering small minority-owned firms by offering valuable access and resources. The training programs provided in business development were particularly highlighted as excellent, indicating that the nonprofit effectively supports the growth of its members.
Overall, the sentiment towards the Northwest Minority Supplier Development Council is overwhelmingly positive, with reviewers expressing satisfaction and encouragement for the ongoing efforts and initiatives of the organization.
This AI summary has been generated from reviews found on Facebook.
Is Northwest Minority Supplier Development Council legitimate?
Northwest Minority Supplier Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest 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: $254,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,463
For more financial information, click here
Official website here: www.nwmmsdc.org
What is the mission statement of Northwest Minority Supplier Development Council?
The Northwest Minority Supplier Development Council's mission is centered around identifying and developing educational and business opportunities for Minority Business Enterprises (MBEs), corporations, and public agencies. This mission aims to foster revenue growth for all stakeholders. The council's activities extend beyond this, as they work to expand business opportunities for minority firms, encourage beneficial economic relationships between minority suppliers and the public and private sectors, and promote the development of minority-owned businesses.
Official website here: www.nwmmsdc.org
Who is the CEO of Northwest Minority Supplier Development Council?
Rocky Fong is the Treasurer of Northwest Minority Supplier Development Council. The CEO's salary of Northwest Minority Supplier Development Council is $0 and their total compensation is $0.
Official website here: www.nwmmsdc.org
What is the revenue of Northwest Minority Supplier Development Council?
Northwest Minority Supplier Development Council's revenue in 2022 was $1,298,704.
Official website here: www.nwmmsdc.org
Who are the executives of Northwest Minority Supplier Development Council and what are their salaries?
The average compensation at Northwest Minority Supplier Development Council during 2022 was $122,268. There are 5 employees and 20 volunteers at Northwest Minority Supplier Development Council.
Here are 10 key members and their salaries (Northwest Minority Supplier Development Council's CEO's salary is $0 and their total compensation is $0):
- Compensation: $254,875
- 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
- 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.nwmmsdc.org
Where can I find the form 990 for Northwest Minority Supplier Development Council?
Northwest Minority Supplier Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwmmsdc.org
Learn more at the official website: www.nwmmsdc.org
Mission Statement of Northwest Minority Supplier Development Council
The Northwest Minority Supplier Development Council, as an organization, is dedicated to identifying and fostering educational and business opportunities for Minority Business Enterprises (MBEs), corporations, and public agencies. This mission aims to stimulate revenue growth for all stakeholders involved. By expanding business opportunities for minority firms and encouraging mutually beneficial economic ties between minority suppliers and the public and private sectors, the Council works towards promoting the development of minority businesses. The ultimate goal is to establish a conducive environment where these enterprises can thrive and contribute to the broader economic landscape.
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Impact
July, 2024
The Northwest Minority Supplier Development Council positively impacts minority business enterprises (MBEs), corporations, and public agencies by identifying and developing educational and business opportunities that result in revenue growth for stakeholders. By expanding business opportunities for minority firms, fostering economic links between minority suppliers and the public and private sectors, and promoting minority business development, the council plays a key role in advancing the economic success and sustainability of minority-owned businesses. Through its efforts, the council contributes to community improvement and fosters a more diverse and inclusive business environment.
This information is meant to be a general summary of Northwest 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: -$318
- Program Service Revenue: $499,707
- Gross Receipts: $1,324,132
Assets and Liabilities:
- Total Assets: $1,758,750
- Total Liabilities: $344,715
- Net Assets: $1,414,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AWARDS DINNER
Revenue
$86,433
BUSINESS CONFERENCE
Revenue
$45,131
CITY OF SEATTLE CONTRACT
Revenue
$84,494
OTHER SERVICE CONTRACT
Revenue
$199,699
PORT OF SEATTLE CONTRACT
Revenue
$73,946
Organization Details
Founding Year
2000
Phone
(253) 243-6959Principal Officer
Rocky Fong
Main Address
545 ANDOVER PARK WEST 109, TUKWILA, WA, 98188
Website
www.nwmmsdc.orgNTEE Category
Code: S31Z - Community improvement
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