Promotion of corporate purchasing by major corporations from business suppliers who meet diversity requirements.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $338K a year · 42% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 51% of spending
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
75 mo
of spending, in cash
Looks good: 75.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$33K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
Spent
$154K
To programs
61%
Net assets
$964K
By yearFY2020–FY2024
Revenue
$312K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$312K
FY2021$430K
FY2022$767K
FY2023$1.2M
FY2024$1.3M
Expenses
$154K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$154K
FY2021$237K
FY2022$661K
FY2023$895K
FY2024$385K
Net assets
$964K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$964K
FY2021$1.2M
FY2022$1.3M
FY2023$1.6M
FY2024$2.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $93K Management & general 39% · $60K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation
$78,000Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sharon Patterson’s $89K as President/Ce is at the 24th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sharon Patterson$89,250$85,000$80,000$78,000$78,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects major corporations with diverse suppliers to boost their purchasing.

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Provided by the organization

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3 programs · $93K · in their own filed words · FY2020
01

Promoting and sharing best practices in supply chain diversity through conferences and social media. A new program called "BDR connects" brought interested parties together in a virtual format to discuss various issues related to supplier diversity, including disruptions caused by the COVID-19 pandemic.

$64Kprogram expense
02

Recognizing corporations who achieve required levels of spending with qualifying suppliers and encouraging increased levels. Qualifying suppliers are those with minority, women, veteran, disabled, and LGBT owners.

$24Kprogram expense
03

Writing policy papers and reports to highlight current trends and best practices for achieving supply chain diversity.

$6Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Gifts and grantsLn 1h$310K
Other incomeLn 4–11$2K
Investment incomeLn 3$608
Money outPt IX
$154K
Ln 25
Programscol B$93K
Managementcol C$60K
Owns and owesPt X
$964K
net assets · Ln 32
Cash and savingsLn 1–2$966K
Total assetsLn 16$997K
LiabilitiesLn 26$33K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$310K
Investment incomeLn 3$608
Other incomeLn 4–11$2K
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$837K
SavingsLn 2$129K
Cash and savings togetherLn 1–2$966K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$997K
LiabilitiesLn 26$33K
Net assetsLn 32$964K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$785K$966K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$829K$997K
LiabilitiesLn 26$23K$33K
Net assetsLn 32$806K$964K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$78K$52K$26K
Payroll taxesLn 10$6K$4K$2K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$30K$30K
Office expensesLn 13$4K$4K
Information technologyLn 14$8K$8K$958
OccupancyLn 16$10K$10K
Depreciation, depletion and amortizationLn 22$760$760
InsuranceLn 23$455$455
Total functional expensesLn 25$154K$93K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$385K$888K$2.5M 990 PDF
FY2023 $1.2M$895K$344K$1.6M 990 PDF
FY2022 $767K$661K$106K$1.3M 990 PDF
FY2021 $430K$237K$193K$1.2M 990 PDF
FY2020 Viewing $312K$154K$158K$964K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $312,147 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $475,479$310,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $123$608
I-11 Other revenuePrior year $1,448$1,539
I-12 Total revenuePrior year $477,050$312,147
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $80,738$83,967
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $260,142$69,753
I-18 Total expensesPrior year $341,880$153,720
I-19 Revenue less expensesPrior year $135,170$158,427
Part VI · Governance 6 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $312,147 across 5 lines filed
Lines not itemized here account for $1,539 of total revenue; see the IRS return.
VIII-1b Membership dues$280,000
VIII-1f All other contributions, gifts and grants$30,000
VIII-1h Total contributions, gifts and grants$310,000
VIII-3 Investment incomeExcluded from tax $608$608
VIII-12 Total revenueUnrelated business $1,539 · Excluded from tax $608$312,147
Part IX · Statement of functional expenses $153,720 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,080 · Management $25,920$78,000
IX-10 Payroll taxesPrograms $3,984 · Management $1,983$5,967
IX-11b Legal feesManagement $3,500$3,500
IX-11c Accounting feesManagement $13,056$13,056
IX-11g Other fees for servicesPrograms $29,842$29,842
IX-13 Office expensesManagement $3,773$3,773
IX-14 Information technologyPrograms $7,500 · Management $958$8,458
IX-16 OccupancyManagement $9,909$9,909
IX-22 Depreciation, depletion and amortizationManagement $760$760
IX-23 InsuranceManagement $455$455
IX-25 Total functional expensesPrograms $93,406 · Management $60,314 · Fundraising $0$153,720
Part X · Balance sheet $996,757 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $656,992$836,562
X-2 Savings and temporary cash investmentsStart of year $128,359$128,968
X-4 Accounts receivableStart of year $20,850$10,000
X-8 Inventories for sale or useStart of year $19,712$19,394
X-10c Land, buildings and equipment, netStart of year $2,594$1,833
X-16 Total assetsStart of year $828,507$996,757
X-17 Accounts payable and accrued expensesStart of year $2,783$2,606
X-19 Deferred revenueStart of year $20,000$30,000
X-26 Total liabilitiesStart of year $22,783$32,606
X-27 Net assets without donor restrictionsStart of year $805,724$949,151
X-28 Net assets with donor restrictions$15,000
X-32 Total net assets or fund balancesStart of year $805,724$964,151
X-33 Total liabilities and net assetsStart of year $828,507$996,757
Part XI · Reconciliation of net assets $964,151 net assets at year end
XI-1 Total revenue$312,147
XI-2 Total expenses$153,720
XI-3 Revenue less expenses$158,427
XI-4 Net assets at start of year$805,724
XI-10 Net assets at end of year$964,151

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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