MINORITY BUSINESS INSTITUTE INC

EIN: 273245080 501(c)(3) Community Improvement

PRINCETON JUNCTION, NJ

Total Revenue
$636,388
Total Expenses
$916,359
Total Assets
$119,759
Net Assets
$-8,115
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NJ
Principal Officer
DAVID CAYEMITTE
Phone
6094560818
Tax Period
2024-07-01 to 2025-06-30

MINORITY BUSINESS INSTITUTE INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $636K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $916K exceeded revenue, resulting in a 44% operating deficit.

Mission

THROUGH EDUCATION AND ADVOCACY, THE MINORITY BUSINESS INSTITUTE MISSION IS TO ASSIST THE MINORITY CONTRACTOR POPULATION TO DEVELOP SOCIO-ECONOMIC PARITY BY ADDRESSING BUSINESS ISSUES THAT CREATE BARRIERS TO SUCCESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,000
Program Service Revenue $369,681
Investment Income $0
Other Revenue $253,707
TOTAL REVENUE $636,388

Expense Breakdown

Grants Paid $0
Salaries & Benefits $525,034
Fundraising Expenses $202,327
Program Expenses $697,457
Other Expenses $391,325
TOTAL EXPENSES $916,359

Year-over-Year Comparison

2024 2023 Change
Revenue $636,388 $1,330,830 -0.5%
Expenses $916,359 $773,349 +0.2%
Net Income $-279,971 $557,481 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
16
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$246,468
Total Directors
12
$150,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CAYEMITTE CEO 40.00
Officer Director
$150,000 $0 $150,000
LIZ DUNCAN-GILMOUR EXECUTIVE DI 40.00
Officer
$51,468 $0 $51,468
TODD MIDDLEBROOK EXECUTIVE DI 40.00
Officer
$45,000 $0 $45,000
CHRISTOPHER BLACK MEMBER AT LA 2.00
Director
$0 $0 $0
KATE BOLDUC MEMBER AT LA 2.00
Director
$0 $0 $0
JACK CALLAHAN TREASURER 2.00
Officer Director
$0 $0 $0
ROHAN DEFREITAS MEMBER AT LA 2.00
Director
$0 $0 $0
JOSEPH JINGOLI MEMBER AT LA 2.00
Director
$0 $0 $0
JEFFREY LATTMANN VICE CHAIR 2.00
Officer Director
$0 $0 $0
ANDRE O'REGGIO CHAIR 2.00
Officer Director
$0 $0 $0
RALPH PULVER MEMBER AT LA 2.00
Director
$0 $0 $0
LISA TEPPER MEMBER AT LA 2.00
Director
$0 $0 $0
KENNETH THEOBALDS MEMBER AT LA 2.00
Director
$0 $0 $0
DENISE THOMPSON MEMBER AT LA 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $636,388 $916,359 $119,759 $-279,971
2024 $1,330,830 $773,349 $396,881 $557,481
2023 $659,592 $584,260 $135,940 $75,332
2022 $17,000 $29,958 $2,209 $-12,958
2021 $3,000 $22,398 $335 $-19,398
2020 $22,661 $95,721 $3,249 $-73,060
2019 $191,279 $97,850 $7,576 $93,429
2018 $21,691 $28,531 $1,494 $-6,840
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