Southern California Minority Supplier Development Council Inc

EIN: 953244344 501(c)(3) Community Improvement

Los Angeles, CA

Total Revenue
$2,276,055
Total Expenses
$1,933,019
Total Assets
$4,111,484
Net Assets
$3,829,749
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CA
Principal Officer
Virginia Gomez
Phone
2136866960
Tax Period
2023-01-01 to 2023-12-31

Southern California Minority Supplier Development Council Inc, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $343K, a strong 15% operating margin.

Mission

SCMSDC's service area spans thirteen (13) Southern California and Central California counties north of the Mexican border, up to and inclusive of Fresno County, excluding San Diego County. The thirteen counties include Los Angeles, Ventura, Orange, Riverside, San

Program Service Accomplishments

Program 1
Expenses: $961,410 Revenue: $1,173,111

SCMSDC's various services include 1) Validating ownership, management and control by a minority or a group of minorities of an applicant business (MBE certification); 2) Developing diverse suppliers...

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SCMSDC's various services include 1) Validating ownership, management and control by a minority or a group of minorities of an applicant business (MBE certification); 2) Developing diverse suppliers through programs and services that prepare them to do business with majority corporations and help build their capacity; 3) Advocating on issues and challenges that face minority business suppliers, and connects them to corporate members whose procurement needs match their products or services.Through delivery of technical assistance based on recommendations of majority companies and the diverse business community, SCMSDC strategically positions diverse suppliers to increase their readiness, caliber, and ability to grow. Among such offerings are educational as well as professional development programs that focus on leadership, communications, business acumen, finance & accounting (including access to capital), strategic planning, and "how to" workshops on a variety of topics & issues including electronic Request for Proposal workshops (eRFP), Reverse Auction seminars & other tangible procurement knowledge, and contemporary business issues.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,039,594
Program Service Revenue $1,173,111
Investment Income $47,776
Other Revenue $15,574
TOTAL REVENUE $2,276,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $870,977
Fundraising Expenses $622,547
Program Expenses $961,410
Other Expenses $1,062,042
TOTAL EXPENSES $1,933,019

Year-over-Year Comparison

2023 2022 Change
Revenue $2,276,055 $1,998,278 +0.1%
Expenses $1,933,019 $1,719,933 +0.1%
Net Income $343,036 $278,345 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
9
Volunteers
11

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
5
$172,233
Total Directors
12
$172,233
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Virginia Gomez President/CEO 60.00
Officer Director
$162,065 $10,168 $172,233
Joe Chow Board Chair 2.00
Officer Director
$0 $0 $0
Vicky Harper-Hall Vice-Chair 2.00
Officer Director
$0 $0 $0
Michael Cooper Treasurer 2.00
Officer Director
$0 $0 $0
Jinus Moghbeli Secretary 2.00
Officer Director
$0 $0 $0
Luis Armona Director 2.00
Director
$0 $0 $0
Joe Blackstone Director 2.00
Director
$0 $0 $0
Bob Carlson Director 2.00
Director
$0 $0 $0
Chamberlain Duru Director 2.00
Director
$0 $0 $0
Oscar Orozco Director 2.00
Director
$0 $0 $0
Anita Ron MBEIC Chair 2.00
Director
$0 $0 $0
Darretta Whitfield Director 2.00
Director
$0 $0 $0
Richard Hazel VP of Operations 60.00
Highest
$114,673 $14,099 $128,772
Marlene Nantell VP of External Affairs 60.00
Highest
$131,092 $15,143 $146,235
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
2024 No data No data No data No data
2023 $2,276,055 $1,933,019 $4,111,484 $343,036
2022 $1,998,278 $1,719,933 $3,634,127 $278,345
2021 $1,758,498 $1,475,027 $3,656,238 $283,471
2020 $1,632,532 $1,289,914 $3,096,288 $342,618
2019 $1,539,973 $1,612,544 $2,520,645 $-72,571
2018 $1,184,019 $1,151,371 $2,338,767 $32,648
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