Public Charity

CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC

CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC, of Charlotte, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.4M in revenue, $1.5M in expenses, $1.7M in total assets. 4 publicly reported grants to this organization, totaling roughly $56K, appear in IRS filings.

EIN: 561191106 Charlotte, NC Small Business Development NTEE: S43 Latest filing: 2024
Total Revenue$1.4M
Total Expenses$1.5M
Total Assets$1.7M
Grant Records4
Funding Total$56K
Filing Years2019–2024

Mission

CVMSDC Connects MBEs and Corporations to Drive Economic Growth through: Certification, Development, Connection, and Advocacy

Where $100 goes at Carolinas Virginia Minority Supplier Development Councils Inc

How Carolinas Virginia Minority Supplier Development Councils Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$53 Programs the work itself
$41 Management running the organization
$6 Fundraising raising the next dollar

Inside the $53 for programs

$53
Added 12 New Corporate Members Added 150 Newly Certified MBEs Launched Cornerstone Foundation to raise funds to support local work Graduated 30 MBE Students from the Development Program
All program spending · Reported in the filing: 12 members; 30 students
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

MBEIC CHAIR Alex Moore
RING IST VICE CHAIR / SECRETARY Andrea Horne
MBEIC Andrea Johnson
RING Ashley Campbell
MBEIC Carlo White
1ST VICE CHAIR Cathy Williams

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$26,307 2 grants
Unspecified
$30,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $1.4M $1.5M $1.7M
2023 $1.4M $1.3M $1.7M
2022 $1.4M $1.2M $1.6M
2020 $1.4M $851K $1.2M
2019 $1.1M $998K $522K

Between 2019 and 2024, reported annual revenue grew from $1.1M to $1.4M (+27%), with total assets most recently reported at $1.7M.

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

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