Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1974.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
59 cents of each dollar spent went to programs.
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
23 people listed on the 990.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|
| Heather Olson | — | $148,741 | $115,686 | $115,868 |
| Carolyn Mosby | $106,940 | — | — | — |
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 minority businesses with corporate partners to help them grow.
Questions for North Central Minority Supplier Dev
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Industrial Verticals -
Buisness Oppertunity Exchange
this program proivdes corportate members, goverment entites, and Minority Business Enterprises (MDE's) with workshops, panel dicussions, and networking opportunities.
Annual Meeting and Recption
this program is designed to be informative and provide networking opportunities to stregthen collaborations between corporations and Minority Businesss Enterprises. (2021 meeting numbers)
By the numbers
The FY2022 990, line by line.
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| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $581K | $614K |
| Land, buildings, equipmentLn 10c | $5K | $3K |
| Total assetsLn 16 | $671K | $658K |
| LiabilitiesLn 26 | $158K | $175K |
| Net assetsLn 32 | $513K | $484K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $120K | $91K | $25K | $4K |
| Other salaries and wagesLn 7 | $185K | $141K | $39K | $6K |
| Pension plan contributionsLn 8 | $2K | $2K | ||
| Other employee benefitsLn 9 | $36K | $27K | $8K | $1K |
| Payroll taxesLn 10 | $26K | $19K | $5K | $769 |
| Legal feesLn 11b | $8K | $8K | ||
| Accounting feesLn 11c | $40K | $40K | ||
| Other fees for servicesLn 11g | $147K | $147K | ||
| Office expensesLn 13 | $2K | $2K | ||
| OccupancyLn 16 | $51K | $39K | $11K | $2K |
| TravelLn 17 | $20K | $20K | ||
| Conferences, conventions and meetingsLn 19 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $296K | $243K | $53K | |
| All other expensesLn 24e | $3K | $3K | ||
| Total functional expensesLn 25 | $948K | $561K | $374K | $13K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.3M | $1.3M | −$561 | $489K | 990 PDF |
| FY2023 | $1.2M | $1.2M | $6K | $490K | 990 PDF |
| FY2022 Viewing | $944K | $948K | −$3K | $484K | 990 PDF |
| FY2021 | $854K | $727K | $127K | $513K | 990 PDF |
| FY2020 | $703K | $561K | $142K | $360K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $944,500 revenue, 12 lines filed
Part VI · Governance 4 to look at
Part VIII · Statement of revenue $944,500 across 8 lines filed
Part IX · Statement of functional expenses $947,526 across 16 lines filed
Part X · Balance sheet $658,383 assets, 15 lines filed
Part XI · Reconciliation of net assets $483,578 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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