COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC
NEW YORK, NY · EIN 237348220 · Form 990 · FY2024 · NTEE A99Z · Arts, Culture & Humanities · Large ($10M-$50M) · nmsdc.org
revenue
$29.7M
expenses
$31.7M
net assets
$5.4M
employees
58
volunteers
192
program ratio
80%
mission · from form 990

THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL ADVANCES BUSINESS OPPORTUNITIES FOR CERTIFIED MINORITY BUSINESS ENTERPRISES AND CONNECTS THEM TO CORPORATE MEMBERS.

profile · synthesized from sources

The National Minority Supplier Development Council (NMSDC) advances business opportunities for certified minority business enterprises (MBEs) by connecting them to corporate members and facilitating supplier diversity. It maintains a national certification standard for minority-owned businesses and operates through a network of regional affiliates. The organization strengthens U.S. supply chains by providing MBEs with access to education, capital, contracts, and development programs while supporting corporations in building inclusive, competitive supplier ecosystems.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $7.19M
    ANNUAL CONFERENCE & EXCHANGE: CONNECTS NMSDC-CERTIFIED MINORITY BUSINESS ENTERPRISES (MBES) WITH NATIONAL/LOCAL CORPORATE MEMBERS, GOVERNMENT ENTITIES, NONPROFITS, AND OTHER BUYERS TO INCREASE THE INCLUSION OF MBES IN THE U.S. SUPPLY CHAIN. ADDITIONALLY, MBES ARE CONNECTED TO EDUCATION, CAPITAL, CONTRACTS, AND OTHER GROWTH AND DEVELOPMENT ACTIVITIES TO ENSURE MBES ARE POISED AND READY TO ENTER AND EXPAND THEIR PRESENCE IN THE U.S. SUPPLY CHAIN, WHILE NATIONAL/LOCAL CORPORATE MEMBERS ARE CONNECTED TO EDUCATION ON HOW TO EXPAND THEIR SUPPLIER DIVERSITY PROGRAMS.
  2. #2 $4.31M
    "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."
named programs · 7 · from sources

What they call their work

Acres: Cultivating Equity in Black Agriculture
12-week program supporting Black MBEs in agriculture with certification assistance, capital readiness, micro-loans, mentoring, and matchmaking with corporate members to expand national market access.
Annual Conference & Exchange
Connects NMSDC-certified MBEs with corporate members, government entities, and nonprofits to increase inclusion in the U.S. supply chain through networking, education, and business development opportunities.
Capital Managers Program
Initiative providing MBEs with access to a comprehensive database of capital firms founded by ethnic minorities or focused on the minority business ecosystem.
Centers of Excellence Certificate Program
12-month business development initiative for certified MBEs with $1M to $10M in sales to enhance competitiveness, build strategic partnerships, and secure larger contracts with corporations and government agencies.
Emerging Young Entrepreneurs Program
Year-long initiative supporting minority entrepreneurs aged 19–35 with training, mentorship, and resources to grow their businesses and engage in corporate supply chains.
MBE Center for Accelerated Growth, Innovation, and Resiliency
National transformation center delivering contract and capital readiness programming through the NMSDC network in partnership with government agencies and minority business nonprofits.
NMSDC CyberPro Training Network
Training curriculum for small and medium-sized MBEs to establish cybersecurity resilience and protect against cyber threats.
activities · 8 groups

What they do

  • MWBE Certification and Contract Access Support 2 activities
    • MBE Certification and Corporate Matching Program
      Operates a national certification program for minority-owned businesses and connects over 15,000 certified minority business enterprises (MBEs) with corporate members to strengthen supply chains and facilitate market-driven engagement. Requires annual recertification to ensure compliance with ownership and control standards.
    • Supplier Development Training and Capacity Building
      Delivers comprehensive training programs, webinars, and peer learning opportunities to enhance the competitiveness of minority-owned businesses, including sales alignment with corporate procurement, cybersecurity readiness, AI integration, and contract acquisition. Programs include the CyberPro AI Accelerator, on-demand webinars, and an extensive cybersecurity curriculum.
  • Startup Acceleration & Business Growth Support 2 activities
    • Specialized Business Accelerator Programs
      Runs targeted accelerator programs for specific cohorts, including the 12-month Centers of Excellence Certificate Program for MBEs with $1M–$10M in sales, the ACRES program for Black agricultural businesses, the Emerging Young Entrepreneurs Program for Gen Z and millennial entrepreneurs, and the MBE Center for Accelerated Growth, Innovation, and Resiliency, funded in part by the Minority Business Development Agency.
    • Strategic Business Development and Innovation Support
      Supports innovation and strategic growth among minority-owned businesses using tools like the BOVI Strategic Canvas and by facilitating partnerships, joint ventures, and mentoring relationships with corporate members and high-growth firms to expand market reach and secure larger contracts.
  • Professional Networking Events 1 activity
    • Annual Conference and Business Opportunity Exchange
      Hosts an annual national conference and business exchange that connects certified MBEs with corporate members, government entities, and other buyers to increase inclusion in supply chains, conduct workshops, and share best practices in supplier diversity. The 2022 event marked the 50th anniversary and included educational seminars and contract development sessions.
  • Small Business and Nonprofit Lending 1 activity
    • Capital Access and Financial Support Initiatives
      Facilitates access to capital for minority-owned businesses through partnerships such as the Business Consortium Fund for micro-loans and operates the Capital Managers Program, which maintains a national database of capital firms focused on or founded by ethnic minorities to support minority entrepreneurs.
  • Economic and Financial Research 1 activity
    • Economic Impact Research and Reporting
      Produces Economic Impact Reports to measure and demonstrate the economic value and outcomes of corporate spending with NMSDC-certified minority-owned businesses, supporting advocacy and strategic decision-making.
  • Regional Chapter Network Support 1 activity
    • National and Regional Program Convening and Outreach
      Operates 26 regional affiliates across the United States, Puerto Rico, and the U.S. Virgin Islands to deliver localized support, programming, and outreach to minority-owned businesses and corporate members, ensuring national coverage and regional engagement.
  • Leadership & Policy Dialogue Forums 1 activity
    • Supplier Diversity Advocacy and Policy Engagement
      Advances economic equity through high-level convenings such as the inaugural Economic Forum in 2022, which brought together 500 policymakers, academics, and business leaders, and recognizes individuals who have made significant contributions to supplier and business diversity.
  • Uncategorized 1 activity
    • Global Supplier Diversity Expansion
      Supports international supplier diversity initiatives by building inclusive business relationships and promoting procurement from minority-owned businesses in countries including Brazil, Chile, India, and South Africa, while sharing global best practices to support underserved communities.
financials · form 990 · fy2024
revenue
Total revenue$29.74M
Contributions & grants$9.31M31%
Program service revenue$19.88M67%
Investment income$179K1%
Other revenue$369K
expenses
Total expenses$31.65M
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$6.53M
Grants paid out$266K
Largest expense lineCompensation
balance sheet
Total assets$10.77M
Cash$6.13M
Investments$2.13M
Liabilities$5.32M
Net assets$5.45M
Liquid reserves3.1 mo
5 years on record · 2020–2024 · YoY revenue -4.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 6
NameTitleHours/wkCompensation
YING MCGUIRE PRESIDENT 40 $557K
LEAHANNE THOMAS COO 40 $298K
PAULINE GEBON VICE PRESIDENT 40 $272K
STEFAN BRADHAM VICE PRESIDENT 40 $225K
LISA MORRIS VICE PRESIDENT 40 $218K
JETHEDA HERNANDEZ SENIOR DIRECTOR 40 $194K
board members · 19
  • ANJALI RAMAKUMARAN — DIRECTOR
  • ANU SAXENA — DIRECTOR
  • BARBARA KUBICKI — DIRECTOR
  • BONNIE NIJST — DIRECTOR
  • BRIAN DOWNER — TREASURER
  • CARLTON L ONEAL — DIRECTOR
  • CHRIS LAYDEN — DIRECTOR
  • FIROZ LALJI — DIRECTOR
  • GEORGE RICHTER — SECRETARY
  • GERALD YOUNGBLOOD — DIRECTOR
  • I JAVETTE HINES — DIRECTOR
  • JACQUELINE DYESS — DIRECTOR
  • JENNIFER GUO — DIRECTOR
  • JENNIFER SHOMENTA — DIRECTOR
  • JORGE PLASENCIA — DIRECTOR
  • KALA GIBSON — CHAIRMAN
  • KENDRA BURRIS-AUSTIN — DIRECTOR
  • KENNEDY OATES — DIRECTOR
  • KINDLE GOODSON — DIRECTOR
relationships · 36

Who they work with

  • 23 regional councils Network — Regional councils that certify and match minority-owned businesses with corporate members.
  • Business Consortium Fund Partner — Partner organization providing growth-oriented micro-loan opportunities to farmers in the Acres program.
  • Capital Region MSDC Network — Regional affiliate of NMSDC serving District of Columbia, Maryland, and Northern Virginia.
  • Cargill Partner — Corporate partner supporting the Acres program and providing mentorship and contract opportunities for farmers.
  • Carolinas/ Virginia MSDC Network — Regional affiliate of NMSDC serving North Carolina, South Carolina, and Southern Virginia.
  • Chicago MSDC Network — Regional affiliate of NMSDC serving Metro Chicago and NW Indiana.
  • ClozeLoop Partner — Collaborates with NMSDC to develop and deliver sales training webinars.
  • Dalit Indian Chamber of Commerce & Industry Partner — Collaborates with NMSDC to support Dalit entrepreneurs and promote economic inclusion in India.
  • Dallas / Fort Worth MSDC Network — Regional affiliate of NMSDC serving Metro Dallas-Fort Worth.
  • Eastern MSDC Network — Regional affiliate of NMSDC serving Pennsylvania, Southern New Jersey, and Delaware.
  • Florida State MSDC Network — Regional affiliate of NMSDC serving Florida.
  • Fortune 500 companies Partner — Corporate members of NMSDC that participate in supplier diversity initiatives and events.
  • Georgia MSDC Network — Regional affiliate of NMSDC serving Georgia.
  • Houston MSDC Network — Regional affiliate of NMSDC serving Beaumont, Port Arthur, Corpus Christi, Houston, and College Station.
  • Integrare Partner — Partners with NMSDC to advance inclusion and business development for minority suppliers in Brazil.
  • Integrare Chile Partner — Works with NMSDC to connect diverse suppliers with large corporations in Chile.
  • Michigan MSDC Network — Regional affiliate of NMSDC serving Michigan.
  • Mid-States MSDC Network — Regional affiliate of NMSDC serving Indiana (except NW Indiana), Central Illinois, and Eastern Missouri.
  • Minority Business Development Agency Government — Funded the MBE Center for Accelerated Growth, Innovation, and Resiliency through the Capital Readiness Grant.
  • Mountain Plains MSDC Network — Regional affiliate of NMSDC serving Colorado, Kansas, Nebraska, and Western Missouri.
  • New England MSDC Network — Regional affiliate of NMSDC serving Connecticut, Maine, Massachusetts, Rhode Island, New Hampshire, Vermont, and Maine.
  • New York and New Jersey MSDC Network — Regional affiliate of NMSDC serving New York and Northern New Jersey down to Trenton.
  • North Central MSDC Network — Regional affiliate of NMSDC serving Minnesota, Iowa, Wisconsin, North Dakota, and South Dakota.
  • Northwest Mountain MSDC Network — Regional affiliate of NMSDC serving Washington, Alaska, Oregon, Montana, Wyoming, Idaho, and Utah.
  • Pacific Southwest MSDC Network — Regional affiliate of NMSDC serving Arizona and Metro San Diego.
  • Puerto Rico MSDC Network — Regional affiliate of NMSDC serving Puerto Rico and US Virgin Islands.
  • SalesTrac Partner — Collaborates with NMSDC to develop and deliver sales training webinars.
  • Slater Infrastructure Group Partner — Sponsor of the Center of Excellence Certificate Program.
  • South African Supplier Diversity Council Partner — Collaborates with NMSDC to promote supplier diversity and economic transformation in South Africa.
  • Southern California MSDC Network — Regional affiliate of NMSDC serving Metro Los Angeles and Southern California (except Metro San Diego).
+ 6 more
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Capacity Building Through Targeted Development
    methodology: targeted-business-development
    By providing minority-owned businesses with education, mentoring, and business development resources—including sales training, procurement readiness support, and peer networking—the organization increases their competitiveness for large-scale contracts because structured capacity building closes capability gaps and expands market access.
  • Certification-Driven Supplier Inclusion
    methodology: ownership-based_certification_standard
    By using a nationally recognized, ownership-based certification standard, the organization enables corporations to reliably identify and engage qualified minority-owned suppliers, thereby expanding procurement opportunities and reducing risk in supply chains because it establishes trust and consistency in supplier qualification.
  • Market-Driven Supply Chain Integration
    methodology: market-driven_supply_chain_inclusion
    By facilitating voluntary, relationship-based engagement between certified minority suppliers and corporate members, the organization strengthens supply chains and advances inclusion because mutual benefit drives sustained participation and contract growth.