Public Charity

NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL BUSINESS CONSORTIUM FUND INC

Based in NEW YORK, NY, NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL BUSINESS CONSORTIUM FUND INC operates as a Public Charity. The organization reported $2.5M in revenue, $2.5M in expenses, $9.6M in total assets for fiscal year 2024. Imperigo tracks 7 reported grant relationships connected to this organization totaling approximately $1.6M.

EIN: 133407599 NEW YORK, NY Latest filing: 2024
Total Revenue$2.5M
Total Expenses$2.5M
Total Assets$9.6M
Grant Records7
Funding Total$1.6M
Filing Years2019–2024

Mission

THE BUSINESS CONSORTIUM FUND (BCF) PROVIDES ACCESS TO CAPITAL TO NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (NMSDC) CERTIFIED MINORITY BUSINESS ENTREPRENEURS (MBE) UNABLE TO SECURE FINANCING ON REASONABLE TERMS THROUGH TRADITIONAL LENDING CHANNELS. A NUMBER OF FINANCING PROGRAMS ARE AVILABLE THROUGH THE BCF, INCLUDING: CONTRACTS, ACCOUNTS RECEIVABLE AND EQUIPMENT FINANCING, WORKING CAPITAL LOANS, TERM LOAND AND EQUITY BASED FUNDING.

Officers & Directors

DIRECTOR Brian Maddox
DIRECTOR, SMALL BUSINESS LENDING Camellia Loojune
VICE CHAIR Clifford Bailey
DIRECTOR Heather Herndon-Wright
SECRETARY Jeffrey Underweiser
DIRECTOR Johanne Chan

Officer compensation and complete director data available with membership.

Top Grant Purposes

WELLS FARGO OPEN FOR BUSINESS GRANT
$905,000 1 grant
FINANCE JUSTICE FUND SUBGRANT
$350,000 2 grants
GENERAL SUPPORT
$150,876 2 grants
CHARITABLE DONATION
$101,075 1 grant
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.5M $2.5M $9.6M
2023 $2.0M $1.7M $8.1M
2022 $1.6M $1.3M $5.4M
2020 $621K $922K $3.9M
2019 $379K $825K $4.2M

Between 2019 and 2024, reported annual revenue grew from $379K to $2.5M (+555%), with total assets most recently reported at $9.6M.

Interactive year-over-year charts and full filing details available with membership.

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