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Eastern Minority Supplier Development Council

Eastern Minority Supplier Development Council

Philadelphia, PA 19130
Tax ID25-1236796

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About this organization

Revenue

$1,020,095

Expenses

$1,159,852

Website

emsdc.org

Mission

Our mission is to help minority owned businesses across Pennsylvania, southern New Jersey and Delaware, grow for the benefit of the region and the communities wherein they reside. Connecting them with corporations who are committed to doing business with diverse suppliers, we work to ensure that supplier diversity is a requirement in doing business, and not an afterthought. By providing MBEs with the tools necessary to grow and develop and serving as an advocate for their success and that of corporations, our role is not only to be a bridge between both parties we work to ensure the continued economic growth of our region. our region. Our message is simple: when MBEs succeed, our communities, prosper, our region experiences continued growth, and our buying partners are better served.

About

Developing business opportunities for minority owned enterprises by certifying and linking them to corporations and public agencies.

Interesting data from their 2020 990 filing

From their filing, the objective of the non-profit is stated as “The mission of eastern minority supplier development council is to stimulate and support economic development with minority-owned business (asian, black, hispanic, and native american) while our outreach addresses both national and international entities, our primary focus area includes pennsylvania, southern new jersey, and delaware. the council fosters the development of minority business enterprises to better align them with corporations in an effort to initiate growth and opportunity through supplier diversity channels.”.

When talking about its functions, they were outlined as: “Developing business opportunities for minority-owned enterprises.”.

  • The legally reported state of operation for the non-profit is PA.
  • According to the filing, the non-profit's address in 2020 is 611 WILLIAM PENN PLACE 401, PHILADELPHIA, PA, 19102.
  • The non-profit organization as of 2020 has a total of 12 employees reported on their form.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$139,757.
  • The CEO's compensation within the organization is determined through a thorough evaluation by an impartial entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 32 independent voting members.
  • The organization was formed in 1972.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $573,528 in salary, compensation, and benefits to its employees.
  • The organization pays $217,622 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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