Overview
What is Western Regional Minority Supplier Development Council?
The Western Regional Minority Supplier Development Council is a nonprofit organization situated in Oakland, California, specifically at 80 Swan Way 245. Its primary mission is to foster increased procurement and business opportunities for minority-owned businesses (MBEs). By establishing mutually beneficial business relationships between public and private sectors and MBEs, the council aims to promote economic growth and equality. Their services encompass outreach programs, the Minority Business Enterprise Input Committee (MBEIC), training initiatives, and national collaborations. The organization, with a workforce of ten individuals, strives to bridge the gap between minority businesses and larger corporations, ultimately contributing to a more diverse and inclusive business landscape.
Official website here: www.wrmsdc.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 45%, Zero-Star out of Four Star rating.
The Western Regional Minority Supplier Development Council has received a low score of 45%, primarily due to its poor performance in financial metrics. While the organization boasts a strong governance structure with 94% independent board members and effective oversight mechanisms, its financial ratios raise significant concerns. The program expense ratio is particularly low at 38.49%, indicating that a substantial portion of funds may not be directed towards its mission.
Additional financial inefficiencies are highlighted by a fundraising efficiency ratio of $0.18, suggesting that the organization may not be effectively generating funds relative to its expenses. Although the council has established solid policies for accountability, such as conflict of interest and whistleblower policies, the overall financial health and operational effectiveness are areas needing improvement.
In summary, despite strong governance practices, the Western Regional Minority Supplier Development Council faces challenges that impact its financial accountability and programmatic spending. Stakeholders should consider these limitations when evaluating the organization's ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Western Regional Minority Supplier Development Council legitimate?
Western Regional Minority Supplier Development Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Regional 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: $497,287
Professional Fundraising Fees: $0
Other Salaries and Wages: $720,657
For more financial information, click here
Official website here: www.wrmsdc.com
What is the mission statement of Western Regional Minority Supplier Development Council?
The Western Regional Minority Supplier Development Council's mission is geared towards fostering increased procurement and business opportunities for minority-owned businesses. This organization aims to establish mutually beneficial business relationships between the public and private sectors and these minority businesses, known as MBES. Their activities encompass outreach programs, the Minority Business Enterprise Input Committee, and training initiatives, among others, to facilitate this objective.
Official website here: www.wrmsdc.com
Who is the CEO of Western Regional Minority Supplier Development Council?
Donna Ruff is the President & Ceo of Western Regional Minority Supplier Development Council. The CEO's salary of Western Regional Minority Supplier Development Council is $0 and their total compensation is $0.
Official website here: www.wrmsdc.com
What is the revenue of Western Regional Minority Supplier Development Council?
Western Regional Minority Supplier Development Council's revenue in 2022 was $2,873,707.
Official website here: www.wrmsdc.com
Who are the executives of Western Regional Minority Supplier Development Council and what are their salaries?
The average compensation at Western Regional Minority Supplier Development Council during 2022 was $121,794. There are 10 employees and 25 volunteers at Western Regional Minority Supplier Development Council.
Here are 23 key members and their salaries (Western Regional Minority Supplier Development Council's CEO's salary is $0 and their total compensation is $0):
- Compensation: $279,174
- Related: $0
- Other: $25,494
- Compensation: $180,493
- Related: $0
- Other: $12,125
- Compensation: $156,930
- Related: $0
- Other: $5,097
- Compensation: $117,112
- Related: $0
- Other: $14,348
- Compensation: $104,032
- Related: $0
- Other: $9,407
- Compensation: $101,799
- Related: $0
- Other: $9,337
- Compensation: $0
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- Other: $0
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Official website here: www.wrmsdc.com
Where can I find the form 990 for Western Regional Minority Supplier Development Council?
Western Regional Minority Supplier Development Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wrmsdc.com
Learn more at the official website: www.wrmsdc.com
Mission Statement of Western Regional Minority Supplier Development Council
The Western Regional Minority Supplier Development Council, as an organization, is committed to promoting increased procurement and business opportunities for minority-owned businesses (MBEs). Its mission involves fostering mutually beneficial business relationships between public and private sectors, with the aim of providing equal opportunities for these businesses to thrive. By leveraging outreach programs, training sessions, and the input of the Minority Business Enterprise Input Committee (MBEIC), the Western Regional Minority Supplier Development Council works tirelessly to create a level playing field for minority-owned businesses in the business world.
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Impact
July, 2024
The Western Regional Minority Supplier Development Council plays a key role in promoting increased procurement and business opportunities for minority businesses. By fostering mutually beneficial relationships between public and private sectors and Minority Business Enterprises (MBEs), the council actively supports the growth and development of underrepresented businesses. Through outreach programs, training initiatives, and the Minority Business Enterprise Input Committee (MBEIC), the council empowers MBEs to succeed in competitive markets. Its impact extends beyond local communities, as it is also engaged on a national level to advocate for diversity and inclusion in business practices. Overall, the Western Regional Minority Supplier Development Council's work contributes to community improvement by advancing economic equity and creating a more inclusive business environment.
This information is meant to be a general summary of Western Regional 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: $108
- Program Service Revenue: $593,406
- Gross Receipts: $3,076,524
Assets and Liabilities:
- Total Assets: $2,513,014
- Total Liabilities: $407,479
- Net Assets: $2,105,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Registration
Revenue
$28,456
MBE CERTIFICATION
Revenue
$564,950
Organization Details
Founding Year
1977
Phone
(510) 686-2555Principal Officer
Donna Ruff
Main Address
80 Swan Way 245, Oakland, CA, 94621
Website
www.wrmsdc.comNTEE Category
Code: S43Z - Community improvement
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