Skip to the page content
Your donations
Passes our checks

National Minority Supplier Development Council Inc

EIN 23-7348220 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak49 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS.

Income
$29.7 million
Spending
$31.7 million
Spent on programs
80%
Reserves
2 months of spending
Largest source of income
fees for its services, 67%
Employees
58
Volunteers
192
Highest pay
$556,922, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 49 out of 100. Higher than 15% of charities in its peer group (arts and culture, $10m to $100m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.0 months of spending.

  • Debt

    10 of 20

    It owes 49% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 6% of income.

  • Income trend

    10 of 15

    Income fell 5% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 12% of charities in its peer group (arts and culture, $10m to $100m).

  • Independent board

    25 of 25

    31 of 31 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $10.2 million spent. FIELD SERVICES: OVERSEES THE ACTIVITIES OF NMSDC'S REGIONAL AFFILIATES BY MONITORING THEIR ACTIVITIES, PROGRAMS, EVENTS, AND SERVICE DELIVERY TO ENSURE THE APPLICATION OF UNIFORM STANDARDS OF WORK.
  2. $7.2 million spent. ANNUAL CONFERENCE & EXCHANGE: CONNECTS NMSDC-CERTIFIED MINORITY BUSINESS ENTERPRISES (MBES) WITH NATIONAL/LOCAL CORPORATE MEMBERS, GOVERNMENT ENTITIES, NONPROFITS, AND OTHER BUYERS TO INCREASE THE INCLUSION OF MBES IN THE U.S. SUPPLY CHAIN. ADDITIONALLY, MBES ARE CONNECTED TO EDUCATION, CAPITAL, CONTRACTS, AND OTHER GROWTH AND DEVELOPMENT ACTIVITIES TO ENSURE MBES ARE POISED AND READY TO ENTER AND EXPAND THEIR PRESENCE IN THE U.S. SUPPLY CHAIN, WHILE NATIONAL/LOCAL CORPORATE MEMBERS ARE CONNECTED TO EDUCATION ON HOW TO EXPAND THEIR SUPPLIER DIVERSITY PROGRAMS.
  3. $4.3 million spent. "CORPORATE SUCCESS, MBE SERVICES & PROGRAMS:CENTERS OF EXCELLENCE CERTIFICATE PROGRAM: A 12-MONTH INNOVATIVE AND RIGOROUS DIVERSE VENDOR BUSINESS DEVELOPMENT INITIATIVE TO FACILITATE THE DEVELOPMENT AND GROWTH OF NMSDC-CERTIFIED MBES WITH $1 MILLION TO LESS THAN $10 MILLION IN SALES TO BECOME MORE PREPARED TO COMPETE EFFECTIVELY AND WIN LARGER CONTRACTS WITH CORPORATIONS, ANCHOR INSTITUTIONS, AND GOVERNMENT AGENCIES.ACRES: CULTIVATING EQUITY IN BLACK AGRICULTURE: A 12-WEEK PROGRAM DESIGNED TO HELP BLACK MINORITY BUSINESS ENTERPRISES (MBES) IN THE AGRICULTURE INDUSTRY GROW THEIR CAPACITY TO TAKE ON MAJOR NATIONAL CONTRACTS WITH NMSDC CORPORATE MEMBERS.NMSDC CYBERPRO TRAINING NETWORK: AN EXTENSIVE TRAINING CURRICULUM DESIGNED FOR SMALL AND MEDIUM-SIZED BUSINESSES, HELPING THEM ESTABLISH A PRIORITIZED SECURITY PROGRAM FOR RESILIENCE AGAINST CYBER-ATTACKS.EMERGING YOUNG ENTREPRENEURS PROGRAM: A YEAR-LONG PROGRAM CREATED TO SUPPORT GEN Z AND MILLENNIAL MINORITY ENTREPRENEURS BETWEEN THE AGES OF 19-35.MBE CENTER FOR ACCELERATED GROWTH, INNOVATION, AND RESILIENCY: A NEW TRANSFORMATION CENTER, FUNDED IN PART BY THE MINORITY BUSINESS DEVELOPMENT AGENCY (MBDA) CAPITAL READINESS GRANT, TO DELIVER COMPREHENSIVE CONTRACT AND CAPITAL READINESS PROGRAMMING NATIONALLY THROUGH THE NMSDC NETWORK. THE PROGRAM BRINGS TOGETHER NETWORK MEMBERS AS WELL AS LEADING MINORITY BUSINESS NONPROFITS AND GOVERNMENT AGENCIES COMMITTED TO SCALING MBES.CAPITAL MANAGERS PROGRAM: A TRANSFORMATIVE INITIATIVE THAT UNLOCKS A GATEWAY TO THE RESOURCES AND SUPPORT SYSTEM CRITICAL FOR ACHIEVING ENTREPRENEURIAL DREAMS. NMSDC HAS CREATED A COMPREHENSIVE DATABASE OF CAPITAL FIRMS WITH AN ETHNIC MINORITY FOUNDER AND/OR A FOCUS ON THE MINORITY BUSINESS ECOSYSTEM."
  4. $3.5 million spent. MINORITY BUSINESS ECONOMIC FORUM: CONNECTS THE MOST INFLUENTIAL POLICYMAKERS, ACADEMICS, BUSINESS, AND COMMUNITY LEADERS IN THE U.S. TO DISCUSS THE SYSTEMIC BARRIERS MBES FACE IN GROWING THEIR BUSINESSES AND CREATING GENERATIONAL WEALTH. THIS EVENT PROVIDES A UNIQUE OPPORTUNITY TO PROPOSE SOLUTIONS TO OVERCOME THOSE BARRIERS AND PROMOTE AN INCLUSIVE ECONOMY THAT WORKS FOR ALL.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1974.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.