2025-04-15T11:42:26-07:00 2022-12-31 364583118 RINGOLD FINANCIAL MANAGEMENT SERVICES 850 S WABASH AVE STE 320 CHICAGO IL 60605 990 2022-01-01 362815054 CHICAGO MINORITY SUPPLIER DEVELOPMENT COUNCIL CHIC 3127558880 140 S DEARBORN ST 1605 CHICAGO IL 60603 Debra Jennings-Johnson President & CEO 2025-04-15 false true MICHELLE RINGOLD P00777179 3125669705 2022 2025-03-06 01:10:19Z X 140 S DEARBORN ST 1605 CHICAGO IL 60603 3236508 false X HTTP://AFFILIATE.NMSDC.ORG/CHICAGOMSDC X 1968 IL To increase corporate procurement for the minority business community. 28 27 18 35 0 2154591 1462309 1464145 1736637 613 175 63116 37387 3682465 3236508 0 0 1665316 1110322 0 0 2803315 2050170 4468631 3160492 -786166 76016 1159416 1331123 407567 503258 751849 827865 X To increase corporate procurement for the minority business community. false false 962875 MBDA - TO PROVIDE OPPORTUNITY IDENTIFICATION SERVICES FOR CONTRACTS AND FINANCING THAT POSITIVELY IMPACTS THE BUSINESS AND OWNERSHIP OPPORTUNITIES FOR MINORITY BUSINESS ENTERPRISES. 369562 CBOF - TO INCREASE CORPORATE PROCUREMENT FOR THE MINORITY BUSINESS COMMUNITY. PROGRAM SERVICES ARE PROVIDED THROUGH OUT THE YEAR THROUGH VARIOUS TECHNICAL ASSISTANCE PARTNERSHIPS. 8414 PIPE - The PIPE Program (Progress, Insight & Performance Education) is a collaboration between the Chicago Minority Supplier Development Council and the University of Phoenix. This 8-week, advanced management training program provides participants with the skills and knowledge needed to optimize their business. 1340851 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 46 0 true 18 true false false false false false false false 0 false false false false false false false X 28 27 false false false false false false false true true false false true true true true true true true false false IL X X DEBRA JENNINGS-JOHNSON 3127558880 140 S DEARBORN ST CHICAGO IL 60603 DEBRA JENNINGS-JOHNSON INTERIM PRES. 40.00 0.00 X X 128000 0 0 JOSE ROBLES-MICHELENA EXECUTIVE VICE PRESIDENT 40.00 0.00 115500 0 0 JULIUS V WILLIAMS FORMER PRESIDENT & CEO 40.00 0.00 12051 0 639 Yvette Moten Secretary 5.00 0.00 X X 0 0 0 BRIAN ALCALA ADVISOR 5.00 0.00 X 0 0 0 HESTER BIANCA Director 5.00 0.00 X 0 0 0 Joan-CarlesBrugue Director 5.00 0.00 X 0 0 0 SHELLY BROWN Director 5.00 0.00 X 0 0 0 Kristin Malek VICE CHAIR 5.00 0.00 X X 0 0 0 Donna Bridgforth Director 5.00 0.00 X 0 0 0 Vasanthi Ilangovan Director 5.00 0.00 X 0 0 0 Greg Salinas Director 5.00 0.00 X 0 0 0 Donna Meeks Director 5.00 0.00 X 0 0 0 CHERISE CONLEY Director 5.00 0.00 X 0 0 0 JACKIE DYESS ASST. SECRETARY 5.00 0.00 X X 0 0 0 JOYCE JOHNSON Director 5.00 0.00 X 0 0 0 Hans Debruijn Director 5.00 0.00 X 0 0 0 Mark Hands Chairman 5.00 0.00 X 0 0 0 GWEN JONES Director 5.00 0.00 X 0 0 0 JARED KELLY Director 5.00 0.00 X 0 0 0 THOMAS MCLEARY Treasurer 5.00 0.00 X X 0 0 0 RAQUEL SALTER Director 5.00 0.00 X 0 0 0 LIVIA SOUSA Director 5.00 0.00 X 0 0 0 Rona Fourte CHAIR 5.00 0.00 X X 0 0 0 ROCHELLE TAYLOR CERT.CTE.CHAIR 5.00 0.00 X X 0 0 0 Sharla Roberts Director 5.00 0.00 X 0 0 0 Ruby McLeary Director 5.00 0.00 X 0 0 0 Travis Latham Director 5.00 0.00 X 0 0 0 KRISTEL TRAVIS Director 5.00 0.00 X 0 0 0 Byron Witherspoon Director 5.00 0.00 X 0 0 0 255551 639 2 true false false DEBRA JENNINGS-JOHNSON 216 WEST JACKSON BLVD SUITE 600 CHICAGO IL 60606 EXECUTIVE LEADERSHIP 128000 1 948800 513509 1462309 CONFERENCES AND EVENTS 900099 1076185 1076185 PROGRAM SERVICE FEES 900099 660452 660452 1736637 175 175 0 0 0 0 0 0 0 Miscellaneous Income 37387 37387 37387 3236508 1774199 0 0 0 0 115500 65835 49665 0 735208 130555 604653 17 17 157014 39863 117151 102583 22902 79681 0 6096 165 5931 159322 32719 126603 0 0 0 0 2197 2197 11842 1010 10832 0 0 175012 24250 150762 156150 138188 17962 0 76589 24966 51623 0 0 0 20301 20301 CONSULTANTS 973016 647356 325660 space and equipment rental 111449 57385 54064 BAD DEBT 94200 45500 48700 bank and payroll service fees 66027 25803 40224 197969 82157 115812 3160492 1340851 1819641 0 785689 938022 0 307916 243663 0 0 0 0 0 54057 50275 242257 241999 387 258 0 0 0 0 11367 98905 1159416 1331123 131318 90497 79000 116907 197249 295854 407567 503258 X 751849 827865 751849 827865 1159416 1331123 76016 X false true X true true true X 2033520 2070866 2614716 2154591 1462309 10336002 871409 1525888 1512947 1464145 1736637 7111026 0 0 0 2904929 3596754 4127663 3618736 3198946 17447028 0 0 17447028 285 613 175 1073 0 285 613 175 1073 0 351650 63116 37387 452153 2904929 3596754 4479598 3682465 3236508 17900254 0.97470 0.97650 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 242257 241999 258 258 operating rou asset, net 87538 SECURITY DEPOSIT 11367 98905 government grant advance 206746 OPERATING LEASE LIABILITY 89108 295854 X 3286508 50000 50000 3236508 3236508 3210492 50000 50000 3160492 3160492 Part X : FIN48 Footnote CMSDC is recognized as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on related income. CMSDC had no unrelated business income during the fiscal years 2022 and 2021, therefore, no provision for federal or state income taxes has been made in the accompanying financial statements. In addition, CMSDC has been determined by the Internal Revenue Service not to be a Private Center within the meaning of Section 509(a) of the Internal Revenue Code. In accordance with FASB ASC 740, Accounting for Deferred Income Taxes, CMSDC has analyzed potential uncertain tax positions and has determined that there are none resulting in liabilities that would have been required to be recorded for the years ended December 31, 2022 and 2021. CMSDCs information returns for the previous three (3) years are open, by statute, for review by authorities. X X X X false false false false false false false false false JULIUS V WILLIAMS FORMER PRESIDENT & CEO 12051 100 539 12690 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: PIPE - The PIPE Program (Progress, Insight & Performance Education) is a collaboration between the Chicago Minority Supplier Development Council and the University of Phoenix. This 8-week, advanced management training program provides participants with the skills and knowledge needed to optimize their business. Form 990, Part VI, Section B, Line 11b The Organization provides copy of Form 990 to the members of the governing body who review and discuss issues related to Form 990. Any explanation is discussed with the independent auditors and when it is in full compliance, the tax returns are filed with the authorities. Form 990, Part VI, Section B, Line 12c The Organization has written conflict of interest policy. The employees and the governing body members are required to sign and acknowledge the policy. The Organization monitors compliance and update every year. Form 990, Part VI, Section B, Line 15a The compensation of the Organization's executives include studies and review by thecompensation committee of the governing board. The discussion and reviews are recorded. Form 990, Part VI, Section C, Line 19 The Organization's documents are made available upon request. The Form 990 is alsoavailable via guidestar's website.