To provide Minority businesses with the oppertunity for businesses with corporate partners and to expand there business.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$297K 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

FY2023 · 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
3 of 5
filings with a surplus
Average surplus $54K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$297K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$158K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+26% vs prior year
Spent
$1.2M
To programs
67%
Net assets
$490K
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$703K
FY2021$854K
FY2022$944K
FY2023$1.2M
FY2024$1.3M
Expenses
$1.2M
FY2023▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$561K
FY2021$727K
FY2022$948K
FY2023$1.2M
FY2024$1.3M
Net assets
$490K
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$360K
FY2021$513K
FY2022$484K
FY2023$490K
FY2024$489K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jan 1974.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $796K Management & general 31% · $371K Fundraising 1% · $13K

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

42 people listed on the 990; $297K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$148,741Pt VII · Sec A
Former President/CEO
$148,741Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
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.

See North Central Minority Supplier Dev executive salaries →

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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.

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Provided by the organization

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2 programs · $1.6M · in their own filed words · FY2023
01

Mbda suppoorts and promotes the growth of competitive minority business enterprises.

$796Kprogram expense
02

Mbda suppoorts and promotes the growth of competitive minority business enterprises.

$771Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$210K
Investment incomeLn 3$1K
Money outPt IX
$1.2M
Ln 25
Programscol B$796K
Managementcol C$371K
Fundraisingcol D$13K
Owns and owesPt X
$490K
net assets · Ln 32
Cash and savingsLn 1–2$749K
Total assetsLn 16$934K
LiabilitiesLn 26$158K
PeoplePt VI, VII
42
listed · VII A
PaidVII A2
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$210K
Investment incomeLn 3$1K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$749K
Total assetsLn 16$934K
LiabilitiesLn 26$158K
Net assetsLn 32$490K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.3M−$561$489K 990 PDF
FY2023 Viewing $1.2M$1.2M$6K$490K 990 PDF
FY2022 $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

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2023 990 (1 part)
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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