Is it real?
Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. 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
47 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
14 people listed on the 990; $110K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Francisco Cabrera Galindo | $113,597 | $110,451 | $107,251 | $103,100 | $101,100 |
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 certified minority businesses with more opportunities from members.
Questions for PR Minority Supplier Development Co
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Includes certification development and corporate referrals for business opportunities.
Events
1)Business Opportunities-Annual conference to provide opportunities and education to corporate members and certified suppliers. 2)Recognition and other events-Activities to connect suppliers and corporate members. 3)Centers of Excellence Certificate Program-Provide certified minority supplier development.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $821K |
| InvestmentsLn 11–13 | $267K | $1.0M |
| Land, buildings, equipmentLn 10c | $60K | $48K |
| Total assetsLn 16 | $1.9M | $2.2M |
| LiabilitiesLn 26 | $252K | $238K |
| Net assetsLn 32 | $1.6M | $1.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $110K | $8K | $103K | |
| Other salaries and wagesLn 7 | $203K | $126K | $77K | |
| Pension plan contributionsLn 8 | $12K | $7K | $6K | |
| Other employee benefitsLn 9 | $45K | $21K | $23K | |
| Payroll taxesLn 10 | $26K | $11K | $15K | |
| Other fees for servicesLn 11g | $52K | $27K | $25K | |
| Office expensesLn 13 | $8K | $8K | ||
| OccupancyLn 16 | $60K | $36K | $24K | |
| TravelLn 17 | $1K | $1K | ||
| Conferences, conventions and meetingsLn 19 | $32K | $18K | $14K | |
| Depreciation, depletion and amortizationLn 22 | $17K | $17K | ||
| InsuranceLn 23 | $7K | $601 | $7K | |
| Other expenses (24a–d)Ln 24 | $85K | $58K | $28K | |
| All other expensesLn 24e | $44K | $18K | $26K | |
| Total functional expensesLn 25 | $704K | $330K | $374K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.0M | $754K | $261K | $2.2M | 990 PDF |
| FY2023 Viewing | $990K | $704K | $286K | $1.9M | 990 PDF |
| FY2022 | $839K | $660K | $179K | $1.6M | 990 PDF |
| FY2021 | $762K | $555K | $207K | $1.5M | 990 PDF |
| FY2020 | $742K | $544K | $198K | $1.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $989,564 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 1 to look at
Part VIII · Statement of revenue $989,564 across 7 lines filed
Part IX · Statement of functional expenses $703,714 across 14 lines filed
Part X · Balance sheet $2,169,848 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,931,691 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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