Civic Intelligence

National Minority Supplier Development Council Business Conso

990 • Fiscal year 2016 • EIN 13-3407599

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

Organization ProfileBCFCAPITAL.COM

View Organization Page

39 West 37th Street7th FloorNew York, NY 10018

(212) 243-7360

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.14x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.49x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

5th percentile

-65%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

62nd percentile

$147,477

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

12th percentile

-7.9%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$5,488,533

Down $468,802 (-7.9%) from 2015

Net Assets

Down

$4,724,829

Down $390,723 (-7.6%) from 2015

Liabilities

Down

$763,704

Down $78,079 (-9.3%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin5th percentile

Revenue

Down

$512,297

Down $118,040 (-19%) from 2015

Expenses

Up

$845,727

Up $12,755 (+1.5%) from 2015

Net Income

Down

-$333,430

Down $130,795 (-65%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $8,979,846Liabilities 2010: $6,395,589Net Assets 2010: $2,584,2572010Assets 2011: $8,330,172Liabilities 2011: $6,122,227Net Assets 2011: $2,207,9452011Assets 2012: $7,290,344Liabilities 2012: $6,118,632Net Assets 2012: $1,171,7122012Assets 2013: $7,049,675Liabilities 2013: $1,069,376Net Assets 2013: $5,980,2992013Assets 2014: $6,541,553Liabilities 2014: $941,575Net Assets 2014: $5,599,9782014Assets 2015: $5,957,335Liabilities 2015: $841,783Net Assets 2015: $5,115,5522015Assets 2016: $5,488,533Liabilities 2016: $763,704Net Assets 2016: $4,724,8292016Assets 2017: $5,270,944Liabilities 2017: $657,616Net Assets 2017: $4,613,3282017Assets 2018: $4,809,423Liabilities 2018: $604,339Net Assets 2018: $4,205,0842018Assets 2019: $4,240,506Liabilities 2019: $565,609Net Assets 2019: $3,674,8972019Assets 2020: $3,852,414Liabilities 2020: $574,844Net Assets 2020: $3,277,5702020Assets 2021: $4,404,623Liabilities 2021: $465,284Net Assets 2021: $3,939,3392021Assets 2022: $5,426,269Liabilities 2022: $1,076,297Net Assets 2022: $4,349,9722022Assets 2023: $8,066,076Liabilities 2023: $3,821,935Net Assets 2023: $4,244,1412023Assets 2024: $9,647,306Liabilities 2024: $5,955,034Net Assets 2024: $3,692,2722024

Highlighted filing

2016

Assets$5,488,533
Liabilities$763,704
Net Assets$4,724,829
Open 2016 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,921,8072010Revenue 2011: $739,153Expenses 2011: $913,308Net Income 2011: -$174,1552011Expenses 2012: $1,125,8492012Revenue 2013: $834,418Expenses 2013: $849,904Net Income 2013: -$15,4862013Revenue 2014: $445,114Expenses 2014: $791,423Net Income 2014: -$346,3092014Revenue 2015: $630,337Expenses 2015: $832,972Net Income 2015: -$202,6352015Revenue 2016: $512,297Expenses 2016: $845,727Net Income 2016: -$333,4302016Revenue 2017: $652,493Expenses 2017: $703,649Net Income 2017: -$51,1562017Revenue 2018: $434,021Expenses 2018: $801,734Net Income 2018: -$367,7132018Revenue 2019: $378,962Expenses 2019: $825,099Net Income 2019: -$446,1372019Revenue 2020: $621,310Expenses 2020: $922,131Net Income 2020: -$300,8212020Revenue 2021: $1,649,138Expenses 2021: $941,554Net Income 2021: $707,5842021Revenue 2022: $1,566,911Expenses 2022: $1,318,677Net Income 2022: $248,2342022Revenue 2023: $2,022,788Expenses 2023: $1,660,980Net Income 2023: $361,8082023Revenue 2024: $2,482,518Expenses 2024: $2,537,875Net Income 2024: -$55,3572024

Highlighted filing

2016

Revenue$512,297
Expenses$845,727
Net Income-$333,430
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$512,297
Mission and Program Overview

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 available through the bcf, including: contract, accounts receivable and equipment financing, working capital loans, term loans and equity based funding.

To provide access to capital to nmsdc council certified minority business entrpreneurs unable to secure financing on reasonable terms through traditional lending channels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,129,556$2,700,220▼ $429,336
Cash and Non-Interest-Bearing Accounts$1,594,576$1,610,321▲ $15,745
Investments Other Securities$1,082,511$1,025,217▼ $57,294
Receivables From Officers Etc$39,821$39,822▲ $1
Accounts Receivable$11,950$35,040▲ $23,090
Prepaid Expenses and Deferred Charges$17,997$25,325▲ $7,328
Land, Buildings, and Equipment, Net$8,007$6,379▼ $1,628
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,957,335$5,488,533▼ $468,802
Other Assets Total$72,917$46,209▼ $26,708
Liabilities
Other Liabilities$728,073$650,643▼ $77,430
Accounts Payable and Accrued Expenses$113,710$113,061▼ $649
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$841,783$763,704▼ $78,079
Net Assets / Fund Balance
Unrestricted Net Assets$5,115,552$4,724,829▼ $390,723
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$5,115,552$4,724,829▼ $390,723
Total Liabilities and Net Assets / Fund Balance$5,957,335$5,488,533▼ $468,802

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,700,220--
Equipment$6,379$1,765-
Closely Held Equity Interests$1,025,217--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Serafin MarielPresidentFT$120,663$26,814$147,477
Ruben RodriguezChief Lending OfficerFT$91,224$25,680$116,904
Socorro VallejoControllerFT$93,522$17,705$111,227
Elba GarciaManager/Loan AdministratorFT$50,720$23,025$73,745

Board Members and Trustees

NameTitle
Timothy McBrideChairman
Kathleen KressVice Chair
Benita CaseyDirector
Benita FortnerDirector
Daria SchusterDirector
Estella CramerDirector
Joset Wright-LaceyDirector
Margo PoseyDirector
Mark FischerDirector
Paul RauDirector
Sigmund HuberDirector
Stephen DasteDirector
Thomas FitzgeraldDirector
Jeffrey UnderweiserSecretary
John AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$172,500
Program Service Revenue
$262,064
Investment Income
$303
Other Revenue
$77,430
All Other Contributions
$172,500
Change in Net Assets
$-333,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$474,045
Other Expenses$371,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$356,129--$356,129
Other Expenses$134,947--$134,947
Other Employee Benefits$82,856--$82,856
Occupancy$58,341--$58,341
Office Expenses$53,256--$53,256
Fees for Services Legal-$36,314-$36,314
Fees for Services Accounting-$35,250-$35,250
Insurance$26,187--$26,187
Payroll Taxes$21,344--$21,344
Pension Plan Contributions$13,716--$13,716
Fees for Services Other$11,305$0$0$11,305
Travel$10,653--$10,653
Advertising$3,800--$3,800
Depreciation Depletion$1,629--$1,629
Total Functional Expenses$774,163$71,564$0$845,727
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jeff UnderweiserBoard SecretaryLegal services providedNo$38,717

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$39,821$39,822▲ $1
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paid in Investments$650,643
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A

“The bcf members consist of corporations, individuals, partnerships, and other business entities which have made an investment in the bcf for a minimum of two-years and are interested in stimulating the economic growth of certified minority entrepreneurs. Each member is entitled to one vote in person or by proxy in connection with affairs of the corporation and the election of bcf board of directors at the bcf's annual meeting of the members.”

Form 990, Part VI, Line 7B

“The bcf board of directors consists of representatives from bcf members as well as the president of the national minority supplier development council "nmsdc", the president of the bcf, a representative for each of the nmsdc regional council presidents, chairpersons and minority entrepreneurs, and any individuals appointed to the board by the chairman pursuant to the bcf bylaws. One-third of the directors in person or proxy constitute a quorum for the approval of transactions of the bcf's business, which consist of approval of corporatte financial statements, annual budget, pension plan, litigations, etc. Each board has the right to one vote in person or via proxy in connection with the corporation's affairs. The board of directors also has an executive committee which has been granted by the board the right to act on all matters regarding the bcf on behalf of the board to the full extent allowed by law. A majority of the members of the executive committee is required to approve any action.”

Form 990, Part VI, Line 11B

“Responsiblity for reviewing the completed form 990 has been delegated to the treasurer by the board of directors.”

Form 990, Part VI, Line 15A

“The executive committee with the assistance of a compensation consultant determines the salary of the president/ceo.”

Form 990, Part VI, Line 19

“Governing documents, policies and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
National Minority Supplier Development
EIN
13-3407599
In Care Of
% SOCORRO T VALLEJO
Phone
2122437360
Address
39 WEST 37TH STREET7TH FLOOR, NEW YORK, NY 10018

Signing Officer

Name
Serafin Mariel
Title
President
Phone
2122437360
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Timothy Mcbride
Formed
1987
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
4

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
Frank R Boutillette
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

“BCF is a public charity that is exempt from Federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code. The Company has adopted the provisions of Financial Accounting Standards Board Accounting Standard codification ("FASB ASC") 740, Income Taxes. FASB ASC 740 creates a single model to address uncertainty in tax positions and clarifies the accounting for income taxes recognized by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. FASB ASC 740 also provides guidance on recognition, measurement, clarification, treatment of interest and penalties, disclosure and transition.”

Raw XML AppendixShowing 400 of 659 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Timothy McBride
IRS990/Form990PartVIISectionAGrp/PersonNm1Daria Schuster
IRS990/Form990PartVIISectionAGrp/PersonNm2Kathleen Kress
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeffrey Underweiser
IRS990/Form990PartVIISectionAGrp/PersonNm4Mark Fischer
IRS990/Form990PartVIISectionAGrp/PersonNm5Margo Posey
IRS990/Form990PartVIISectionAGrp/PersonNm6Stephen Daste
IRS990/Form990PartVIISectionAGrp/PersonNm7Joset Wright-Lacey
IRS990/Form990PartVIISectionAGrp/PersonNm8Paul Rau
IRS990/Form990PartVIISectionAGrp/PersonNm9John Adams
IRS990/Form990PartVIISectionAGrp/PersonNm10Benita Fortner
IRS990/Form990PartVIISectionAGrp/PersonNm11Estella Cramer
IRS990/Form990PartVIISectionAGrp/PersonNm12Thomas Fitzgerald
IRS990/Form990PartVIISectionAGrp/PersonNm13BENITA CASEY
IRS990/Form990PartVIISectionAGrp/PersonNm14Sigmund Huber
IRS990/Form990PartVIISectionAGrp/PersonNm15Serafin Mariel
IRS990/Form990PartVIISectionAGrp/PersonNm16Ruben Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm17Elba Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm18Socorro Vallejo
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Chief Lending Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Manager/Loan Administrator
IRS990/Form990PartVIISectionAGrp/TitleTxt18Controller
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/TotalAmt053256
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt082856
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IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
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IRS990/OtherLiabilitiesGrp/EOYAmt0650643
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IRS990/PrincipalOfficerNm0MR TIMOTHY MCBRIDE
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IRS990/PYOtherRevenueAmt080211
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IRS990/PYTotalExpensesAmt0832972
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IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
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IRS990/ReportLandBuildingEquipmentInd0true

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,488,533
Liabilities
$763,704
Net assets
$4,724,829
Revenue
$512,297
Expenses
$845,727
Net income
-$333,430
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.65$5.96$3.69$2.48$2.54$0.06
2023Detailed filing. Detailed filing data is available for this year.$8.07$3.82$4.24$2.02$1.66$0.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$1.08$4.35$1.57$1.32$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.47$3.94$1.65$0.94$0.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.57$3.28$0.62$0.92$0.30
2019Detailed filing. Detailed filing data is available for this year.$4.24$0.57$3.67$0.38$0.83$0.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.81$0.60$4.21$0.43$0.80$0.37
2017Summary only. Only limited summary data is available for this year.$5.27$0.66$4.61$0.65$0.70$0.05
2016Detailed filing. Detailed filing data is available for this year.$5.49$0.76$4.72$0.51$0.85$0.33
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$0.84$5.12$0.63$0.83$0.20
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.54$0.94$5.60$0.45$0.79$0.35
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$7.05$1.07$5.98$0.83$0.85$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.29$6.12$1.17$1.13
2011Summary only. Only limited summary data is available for this year.$8.33$6.12$2.21$0.74$0.91$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.98$6.40$2.58$1.92