NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC Charity Report

Public IRS 990 nonprofit record

NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC

EIN 23-7439373 · Small Business Development (S43)

What they do

THE COUNCIL WAS ORGAINIZED to ASSIST ECONOMICALLY DISADVANTAGED MINORITY-OWNED FIRMS IN CREATING MARKETS for THEIR PRODUCTS and SERVICES and to ENCOURAGE THE COOPERATION of THE BUSINESS COMMUNITY IN THE PURCHASING of SUCH PRODUCTS and SERVICES. to ACHIEVE THIS OBJECTIVE THE COUNCIL HAS ESTABLISHED OFFICES to FACILITATE EXCHANGE of INFORMATION AMOUNG CORPORATE PURCHASING PROGRAMS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $32.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

29.43%of revenue went to mission work32.1% of expenses · Program services

25.90%of revenue went to fundraising28.2% of expenses

$91.76spent for every $100 of revenueRevenue covered expenses this year.

36.44%of revenue went to management and office costs39.7% of expenses

$1.92in assets for every $1 spent this yearSome assets cannot be spent right away.

61.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $208,026 for TERRENCE CLARK (PRESIDENT CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,210,975

Mission workProgram services$650,63929.43% of revenue32.1% of expenses

ManagementOffice and general costs$805,58036.44% of revenue39.7% of expenses

FundraisingAsking for donations$572,66725.90% of revenue28.2% of expenses

Revenue left after expensesReported annual surplus$182,0898.24% of revenueShown in gray on the chart

Total expenses$2,028,88691.76% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 32.1% mission · 39.7% management · 28.2% fundraisingTotal expenses: 91.76% of revenue

2023Expense mix: 30.1% mission · 40.1% management · 29.7% fundraisingTotal expenses: 74.02% of revenue

2022Expense mix: 29.3% mission · 48.1% management · 22.6% fundraisingTotal expenses: 79.59% of revenue

2021Expense mix: 32.5% mission · 51.2% management · 16.3% fundraisingTotal expenses: 61.44% of revenue

2020Expense mix: 45.5% mission · 54.5% management · 0.0% fundraisingTotal expenses: 92.77% of revenue

2019Expense mix: 51.4% mission · 48.6% management · 0.0% fundraisingTotal expenses: 93.33% of revenue

2018Expense mix: 50.9% mission · 49.1% management · 0.0% fundraisingTotal expenses: 92.51% of revenue

2017Expense mix: 41.2% mission · 58.8% management · 0.0% fundraisingTotal expenses: 104.23% of revenue

Money in and money out

Revenue$2,210,975

Expenses$2,028,886

Annual surplus $182,089 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$650,639 · 32.1% of expenses

Management and office costs$805,580 · 39.7% of expenses

Fundraising$572,667 · 28.2% of expenses

See all reported dollar amounts

Revenue$2,210,975

Expenses$2,028,886

Assets$3,897,772

Income$2,533,961

Contributions$1,361,452

Mission work (program services)$650,639

Fundraising$572,667

Management and general$805,580

Stocks and bonds$201,845

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TERRENCE CLARKPRESIDENT CEO · 40 hrs/week $208,026

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

TERRENCE CLARKPRESIDENT CEO

MARISOL RAMIREZMEMBER

WESLEY W JOSEPHMEMBER

TRUNG TIEUMEMBER

SHERI SHAFIRSECRETARY

SHENDORA PRIDGENMEMBER

RONDU VINCENTCHAIRPERSON

PUNITA PATELMEMBER

MELANIE GUNN-NIEVESVICE CHAIRPERSON

MARK PRINCEMEMBER

CARL TIETJENMEMBER

LAURINDA THOMASMEMBER

JESSICA JOHNSON-COPEMEMBER

JEANINE PEDOTOMEMBER

GREG MICHELMEMBER

FUQUAN COLLINSMEMBER

DAWN WELLSMEMBER

DARRIEN PINKMANTREASURER

DANIEL S PARKMEMBER

CHERYL MCCANTSMBEIC CHAIR

About this charity

Recognized since: January 1975
Location: 65 WEST 36TH STREET SUIT, NEW YORK, NY 10018-7902
County: New York
In care of: % JACQUELINE SMITH
Primary officer: TERRENCE CLARK, CEO

How to reach them

WebsiteVisit the charity’s website Phone(212) 502-5663

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MITCHELL & TITUS LLP
NTEE classification: Small Business Development (S43)
IRS tax category: Small Business Development