Community Improvement, Capacity Building

National Minority Supplier Development Council, Inc.

  • New York, NY
  • www.nmsdcus.org

Mission Statement

Providing a direct link between corporate America and minority-owned businesses is the primary objective of the National Minority Supplier Development Council, one of the country's leading business membership organizations. It was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes.

ruling year

1974

Principal Officer since

Self-reported

Keywords

Self-reported

national, minority, suppliers, business

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Also Known As

NMSDC

EIN

23-7348220

 Number

2865015681

Contact

Cause Area (NTEE Code)

Business and Industry (S40)

Management Services for Small Business/Entrepreneurs (S43)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Certification of minority business enterprises (Asian, Black, Hispanic and Native American). MBISYS a national computerized database of more than 15,000 certified suppliers. Referrals to corporate buyers of minority suppliers capable of providing quality goods and services at competitive prices. Working capital loans to certified minority businesses through the Business Consortium Fund. Corporate Plus, a membership program for minority businesses. Dissemination of information through the Minority Business Information Center. Educational seminars, training and technical assistance for buyers and suppliers. Advanced Management Education Program, customized executive education for CEOs of minority-owned firms. Business Opportunity Fairs. Networking opportunities. NMSDC Annual Conference, the nation's benchmark forum for minority business development. Awards and special recognition of outstanding corporate programs in support of minority business development. A variety of other activities to bring corporate purchasing people together with representatives of minority businesses, in formal and informal settings.

Category

Population(s) Served

Budget

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

NATIONAL MINORITY SUPPLIER DEVELOPMENT Council Inc
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

National Minority Supplier Development Council, Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair
  • Access to the GuideStar Community
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Principal Officer

Governance

BOARD CHAIR

Terry Lundgren

Macy's Inc.

BOARD LEADERSHIP PRACTICES

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RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?