Nmsdc

Legal name: National Minority Supplier Development Council Inc

Nonprofit profile at a glance

EIN
237348220
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2129442430
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities N.E.C.

Official website

Reported finances

Revenue
$29,739,144
Expenses
$31,651,666
Assets
$10,767,642
Liabilities
$5,322,188

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

37 people listed

Executive titles in this filing

  • YING MCGUIRE (PRESIDENT)
  • PAULINE GEBON (VICE PRESIDENT)
  • STEFAN BRADHAM (VICE PRESIDENT)
  • LISA MORRIS (VICE PRESIDENT)

Highest reported compensation

  • YING MCGUIRE (PRESIDENT): $556,922 total reported compensation
  • LEAHANNE THOMAS (COO): $298,208 total reported compensation
  • PAULINE GEBON (VICE PRESIDENT): $272,389 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To drive business growth and economic impact for Asian, Black, Hispanic, and Native American-owned businesses by connecting them with corporate members and facilitating supplier diversity.

What it reported doing in 2024

"corporate success, mbe services & programs: centers of excellence certificate program: a 12-month innovative and rigorous diverse vendor business development initiative to facilitate the development and growth of nmsdc-certified mbes with $1 million to less than $10 million in sales to become more prepared to compete effectively and win larger contracts with corporations, anchor institutions, and government agencies.acres: cultivating equity in black agriculture: a 12-week program designed to help black minority business enterprises (mbes) in the agriculture industry grow their capacity to take on major national contracts with nmsdc corporate members.nmsdc cyberpro training network: an extensive training curriculum designed for small and medium-sized businesses, helping them establish a prioritized security program for resilience against cyber-attacks.emerging young entrepreneurs program: a year-long program created to support gen z and millennial minority entrepreneurs between the ages of 19-35.mbe center for accelerated growth, innovation, and resiliency: a new transformation center, funded in part by the minority business development agency (mbda) capital readiness grant, to deliver comprehensive contract and capital readiness programming nationally through the nmsdc network. The program brings together network members as well as leading minority business nonprofits and government agencies committed to scaling mbes.capital managers program: a transformative initiative that unlocks a gateway to the resources and support system critical for achieving entrepreneurial dreams. Nmsdc has created a comprehensive database of capital firms with an ethnic minority founder and/or a focus on the minority business ecosystem."

Operating model

Revenue model
Earned-program. 67% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, 1% for grants, and 36% for affiliated organizations.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 76
  • Accountability: 95
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.9%; rating input score 85
  • Program expense ratio: 79.7%; rating input score 80
  • Fundraising efficiency: $300.17 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.4%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 14th percentile among comparable filings

Details

  • What they do: 10 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 84.9% of revenue deployed · 79.7% of spending went to programs
  • Governance: 31 of 31 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $25.2M in reported program spending
  • Leadership: top reported pay $557K · 37 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.2M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 14/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.