Houston Minority Supplier Development Council, Inc.
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 6, 7, 8, 9, 11, 12
Houston Minority Supplier Development Council, Inc. meets the remaining 14 Standards for Charity Accountability.
Stated Purpose:
To increase and expand business opportunities and business growth for minority business enterprises.
Year, State Incorporated:
1973, TX
Established in 1973, the HMSDC is a non-profit organization for minority businesses and major corporations interested in establishing relationships with minority entrepreneurs and helping them to successfully grow their businesses. Included in the membership of HMSDC are more than 220 major corporations and more than 1,000 minority businesses. HMSDC is responsible for certifying minority ownership and management. In addition, HMSDC maintains a database of certified firms and their capabilities. Events such as EXPO 2018 (9/19-21/18 with 1,200 participants), Matchmaking Luncheons (two with 250 attendees), MBEIC Mixers (three with 40 attendees) and the annual Golf Tournament (with 180 participants) provide minority business owners with information, insight, and guidance in how to grow their business and relate to an ever-changing marketplace. These events provide major corporations direct contact with minority business leaders to increase their sensitivity, understanding and support. This is essential in overcoming racial biases and stimulating economic development of impoverished communities.
HMSDC provides local and national conferences, seminars and workshops to educate minority business owners on contemporary business and management skills and to educate major corporations on diversity issues.
The MBE Executive Scholarship Program raises funds, then awards those funds to minority business owners to encourage and facilitate their continued education in areas specific to their next stage of business development.
For the year ended December 31, 2022, Houston Minority Supplier Development Council, Inc.'s program expenses were:
| Program expenses | $142,750 |
| Total Program Expenses | $142,750 |
Chief Executive
Ingrid Robinson, President & CEO
Compensation*
$190,000
Chair's Profession / Business Affiliation
Not disclosed
Board Size
13
Paid Staff Size
8
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Membership appeals, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Houston Minority Supplier Development Council, Inc.'s audited financial statements for the year ended December 31, 2022.
Source of Funds
| Program Revenue | $406,416 |
| MBE Certification revenue | $348,898 |
| Contracts revenue | $323,234 |
| Grant revenue | $270,320 |
| Membership revenue | $198,000 |
| Fundraising revenue | $153,536 |
| Other revenue | $34,258 |
| Total Income | $1,734,662 |
Programs: 13% Fundraising: 6% Administrative: 81%
| Total Income | $1,734,662 |
| Total expenses: | $1,088,902 |
| Program expenses | $142,750 |
| Fundraising expenses | $59,956 |
| Administrative expenses | $886,196 |
| Other expenses | $0 |
| Income in Excess of Expenses | $645,760 |
| Beginning Net Assets | $0 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $0 |
| Total Liabilities | $347,878 |
| Total Assets | $1,294,027 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Greater Houston and South Texas