The Pacific Southwest Minority Supplier Development Council
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
- Raising each dollar of donations cost 112 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
PSWMSDC advances business opportunities for certified minority businesses enterprises and connects them to corporate and governmental entities.
- Income
- $900,439
- Spending
- $1.0 million
- Spent on programs
- 68%
- Reserves
- -2.6 months of spending
- Largest source of income
- fees for its services, 89%
- Employees
- 7
- Volunteers
- 0
- Highest pay
- $159,906, president ceo
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: 10 out of 100.
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 169% of what it owns.
Living within its means
0 of 15Spending exceeded income by 16% of income.
Income trend
10 of 15Income fell 0% on the year before.
Spending floor
0 of 1568% of spending went to programs and raising each dollar of donations cost 112 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
Good: 85 out of 100.
Independent board
25 of 2516 of 16 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports 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 (1)
- $710,047 spent. PSWMSDC GENERATED 3500 MBE REFERRALS. THE 2024 RECERTIFICATION PERCENTAGE WAS 86%. WE HOSTED 60 EVENTS AND WORKSHOPS. WE HOSTED PROCUREMENT CONFERENCE & OPPORTUNITY FAIR MATCHMAKERS BUSINESS SUMMIT PACESETTER AWARDS AND ADDITIONAL EDUCATIONAL PROGRAMS IN ARIZONA AND SAN DIEGO. WE HIGHLIGHTED MBES AND HELPED THEM BUILD RELATIONSHIP WITH CORPORATION AND OTHER MBES. WE LAUNCHED AN OPPORTUNITY FOR MBES TO BE ENGAGED IN DAY ON CAPITAL HILL AND MEET WITH LEGISLATORS. WE PUBLISHED AN ECONOMIC IMPACT REPORT THAT CAN BE FOUND ON OUR WEBSITE. PROGRAMS AND EVENTS ATTENDANCE INCREASED BY 53%. THE CORPORATIONS AND MBES SPEND MORE THAN $206M IN DIVERSE SPEND WITH CERTIFIED MBES IN 2024.
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
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.
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.
Are donations tax-deductible? Worth knowing.
Not individually listed by the IRS as eligible, which is usual for local chapters covered by a parent organization's exemption. The master file records contributions to it as deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.
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.
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.