2023-10-12T13:07:18-05:00 2022-12-31 954557617 Harrington Group CPAs LLP 2698 Mataro Street Pasadena CA 91107 990 2022-01-01 953244344 Southern California Minority Supplier Development Council Inc SOUT 2136866960 800 West 6th Street 850 Los Angeles CA 90017 Virginia Gomez President 2132896964 2023-10-12 1 Virginia Gomez 999009999 1 Oswaldo D Torres CPA P02465082 6264036801 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Virginia Gomez 800 West 6th Street 850 Los Angeles CA 90017 1998278 0 X www.scmsdc.org X 1978 CA Southern California Minority Supplier Development Council's (SCMSDC) mission is to advance the economic development and business opportunities of diverse suppliers. 12 11 13 13 0 0 783505 951875 922700 1002849 51003 41757 1290 1797 1758498 1998278 0 0 0 0 840664 730568 0 0 524274 634363 989365 1475027 1719933 283471 278345 3656238 3634127 317841 401212 3338397 3232915 X SCMSDC's service area encompasses thirteen California counties, which include Orange County, Los Angeles County, and Fresno County. Its regional office, headquartered in Los Angeles, administers the programs and services of SCMSDC and its divisions in Orange County and the Central Valley. 0 0 897659 1002849 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. 897659 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 13 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X Carrie Hidding 2136287340 800 West Sixth Street Suite 850 Los Angeles CA 90017 Virginia Gomez President/CEO 60.00 X X 159748 0 7915 Joe Chow Board Chair 2.00 X X 0 0 0 Vicky Harper-Hall Vice-Chair 2.00 X X 0 0 0 Michael Cooper Treasurer 2.00 X X 0 0 0 Jinus Moghbeli Secretary 2.00 X X 0 0 0 Luis Armona Director 2.00 X 0 0 0 Ray Arroyo Director (1/22 - 3/22) 2.00 X 0 0 0 Michelle Smith-Ballard Director (End 12/22) 2.00 X 0 0 0 Joe Blackstone Director 2.00 X 0 0 0 Chamberlain Duru Director 2.00 X 0 0 0 Oscar Orozco Director 2.00 X 0 0 0 Anita Ron MBEIC Chair 2.00 X 0 0 0 Larry D Young Director 2.00 X 0 0 0 Darretta Whitfield Director 2.00 X 0 0 0 Marlene Nantell VP of External Affairs 60.00 X 117304 0 12860 277052 0 20775 2 0 1 0 0 291928 162667 497280 951875 MBE Program Revenue 524298 1002849 1002849 1002849 41757 41757 Miscellaneous 900099 1797 1797 1797 1998278 1002849 0 43554 167663 121122 28522 18019 395380 287929 64173 43278 30280 18319 9924 2037 87201 47033 37869 2299 50044 35999 7113 6932 11721 11721 109290 79285 15447 14558 12124 12124 100324 70366 29958 65729 2749 7729 55251 45914 26696 13605 5613 70444 27524 14938 27982 346459 107319 16894 222246 20194 11570 8425 199 6598 6015 583 15161 3246 11416 499 7592 5547 1046 999 Events & facilities 138870 14712 2407 121751 Merchant fees 28085 27228 857 Bad debt expense 7500 5000 2500 Dues & subscriptions 2318 2207 111 1042 1042 1719933 897659 298000 524274 312027 273664 1296142 1355268 51610 105618 416514 383341 42647 33173 1941682 1706273 12130 160131 3656238 3634127 160508 153421 157333 81666 0 166125 317841 401212 X 3178227 3095747 160170 137168 3338397 3232915 3656238 3634127 278345 -383827 0 X 0 1 X 1 0 X 485535 795382 659077 783505 951875 3675374 485535 795382 659077 783505 951875 3675374 280700 3394674 33624 30671 36253 51003 41757 193308 1801 2897 1535 1290 1797 9320 3878002 4243659 0.87540 0.86090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 160170 -22852 150 137168 137199 22971 160170 118557 18642 137199 96870 21687 118557 103427 -6557 96870 0.36452 0.63548 0 0 91351 91351 0 254168 230153 24015 70995 61837 9158 33173 Operating lease liability 166125 166125 X 1614451 -383827 -383827 1998278 0 1998278 1719933 0 1719933 0 1719933 Part V, Line 4: Permanent funds represent contributions which the donor has stipulated that the principal is to be kept intact in perpetuity and only the interest and dividends therefrom may be expended for unrestricted purposes. Part X, Line 2: SCMSDC is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by SCMSDC in its federal and state exempt organizations tax returns are more likely than not to be sustained upon examination. SCMSDC returns are subject to examination by federal and state taxing authorities, generally for three and four years respectively, after they are filed. X 0 0 0 0 0 0 0 1 0 Virginia Gomez President/CEO 137917 0 21831 0 0 0 7915 0 0 0 167663 0 0 0 Form 990, Part VI, Section B, line 11b A Final copy of the tax return is reviewed by the Executive Committee, and the organizations accounting agency, then provided to the Board of Directors for review before filing. Form 990, Part VI, Section B, line 12c The Conflict of Interest policy is annually reviewed at the Board meeting. Each Board member is required to sign and certify in writing a Conflict of Interest Statement each year. Form 990, Part VI, Section B, line 15a The compensation for the President is reviewed and approved by the Executive Committee of SCMSDC which includes salary increase and bonuses. 15(b) was answered "No" as there were no other officers or key employees as defined by Form 990 instructions who were compensated. Form 990, Part VI, Section C, line 19 Governing documents are limited to Corporate members only. The Form 990 is available upon request and also on Guidestar.org which is retrieved from the IRS.