Civic Intelligence

National Minority Supplier Development Council Business Conso

990 • Fiscal year 2018 • EIN 13-3407599

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 15, 2019

Organization ProfileBCFCAPITAL.COM

View Organization Page

575 Lexington Avenue 4th FloorNew York, NY 10022

(212) 243-7360

Siviq Scores

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

Liabilities / Assets

56th percentile

0.13x

Higher debt load relative to assets than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

1.39x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

4th percentile

-85%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

85th percentile

$162,301

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 37.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

15th percentile

-8.8%

Faster asset growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$4,809,423

Down $461,521 (-8.8%) from 2017

Net Assets

Down

$4,205,084

Down $408,244 (-8.8%) from 2017

Liabilities

Down

$604,339

Down $53,277 (-8.1%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin4th percentile

Revenue

Down

$434,021

Down $218,472 (-33%) from 2017

Expenses

Up

$801,734

Up $98,085 (+14%) from 2017

Net Income

Down

-$367,713

Down $316,557 (-619%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2018

Assets$4,809,423
Liabilities$604,339
Net Assets$4,205,084
Open 2018 Filing

Operations Trend

Revenue Growth9th 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

2018

Revenue$434,021
Expenses$801,734
Net Income-$367,713
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 15, 2019
Return Version
2018v3.1
Gross Receipts
$434,021
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
Savings and Temporary Cash Investments$2,035,786$2,212,105▲ $176,319
Investments Program Related$2,146,267$1,540,748▼ $605,519
Investments Other Securities$964,872$928,374▼ $36,498
Accounts Receivable$48,324$36,319▼ $12,005
Prepaid Expenses and Deferred Charges$17,120$20,694▲ $3,574
Land, Buildings, and Equipment, Net$4,750$3,122▼ $1,628
Cash and Non-Interest-Bearing Accounts$218$220▲ $2
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$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$5,270,944$4,809,423▼ $461,521
Other Assets Total$53,607$67,841▲ $14,234
Liabilities
Other Liabilities$603,985$542,955▼ $61,030
Accounts Payable and Accrued Expenses$53,631$61,384▲ $7,753
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$657,616$604,339▼ $53,277
Net Assets / Fund Balance
Unrestricted Net Assets$4,613,328$4,205,084▼ $408,244
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,613,328$4,205,084▼ $408,244
Total Liabilities and Net Assets / Fund Balance$5,270,944$4,809,423▼ $461,521

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,122$5,021$8,143
Investment Program Related Org$1,540,748--
Closely Held Equity Interests$928,374--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
G Winston SmithPresidentFT$140,968$21,333$162,301
Socorro VallejoVP/ControllerFT$98,990$19,657$118,647
Ruben RodriguezSVP, Chief Lending OfficerFT$77,317$29,076$106,393
Elba GarciaAvp, Loan Portfolio ManagerFT$57,983$26,484$84,467
Serafin MarielDirectorFT$30,419$2,157$32,576

Board Members and Trustees

NameTitle
Timothy McBrideChairman
Kathleen KressVice Chair
Adrienne TrimbleDirector
Bill MillerDirector
Clifford BaileyDirector
Fred LonaDirector
Jackie LaJoieDirector
Kris OswoldDirector
Mark W FischerDirector
Michelle Sourie RobinsonDirector
Nancy McGuireDirector
Pauline GebonDirector
Sigmund HuberDirector
Terrez ThompsonDirector
Thomas C FitzgeraldDirector
Jeffrey UnderweiserSecretary
John S AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,500
Program Service Revenue
$331,365
Investment Income
$30,156
Other Revenue
$0
All Other Contributions
$72,500
Change in Net Assets
$-367,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$545,083
Other Expenses$256,651
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$405,677--$405,677
Other Employee Benefits$88,660--$88,660
Other Expenses$53,843--$53,843
Occupancy$52,485--$52,485
Fees for Services Accounting-$36,800-$36,800
Payroll Taxes$28,390--$28,390
Fees for Services Legal-$24,880-$24,880
Insurance$22,279--$22,279
Office Expenses$19,213--$19,213
Travel$16,171--$16,171
Pension Plan Contributions$12,891--$12,891
Other Salaries and Wages$9,465--$9,465
Advertising$3,800--$3,800
Depreciation Depletion$1,629--$1,629
Total Functional Expenses$740,054$61,680$0$801,734
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$28,008

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Paid in Investments$542,955
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
575 LEXINGTON AVENUE 4TH FLOOR, NEW YORK, NY 10022

Signing Officer

Name
G Winston Smith
Title
President
Phone
2122437360
Signed
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
G Winston Smith
Formed
1987
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
19
Employees
5
Volunteers
19

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Shawn Gillon
Phone
7328281614
Supplemental Narrative

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

“The Company follows 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 consolidated financial statements. FASB ASC 740 also provides guidance on recognition, measurement, clarification, treatment of interest and penalties, disclosure and transition. Management has determined there are no uncertain tax positions taken. These consolidated financial statements do not include any expenses related to penalties or interest from income taxes.”

Raw XML AppendixShowing 400 of 721 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt053631
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt061384
IRS990/AccountsReceivableGrp/BOYAmt048324
IRS990/AccountsReceivableGrp/EOYAmt036319
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE ACCESS TO CAPITAL TO NMSDC COUNCIL CERTIFIED MINORITY BUSINESS ENTRPRENEURS UNABLE TO SECURE FINANCING ON REASONABLE TERMS THROUGH TRADITIONAL LENDING CHANNELS.
IRS990/AdvertisingGrp/ProgramServicesAmt03800
IRS990/AdvertisingGrp/TotalAmt03800
IRS990/AllOtherContributionsAmt072500
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0SOCORRO T VALLEJO
IRS990/BooksInCareOfDetail/PhoneNum02122437360
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0575 LEXINGTON AVENUE 4TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010022
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0218
IRS990/CashNonInterestBearingGrp/EOYAmt0220
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0405677
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0405677
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt072500
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt030156
IRS990/CYOtherExpensesAmt0256651
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0331365
IRS990/CYRevenuesLessExpensesAmt0-367713
IRS990/CYSalariesCompEmpBnftPaidAmt0545083
IRS990/CYTotalExpensesAmt0801734
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0434021
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01629
IRS990/DepreciationDepletionGrp/TotalAmt01629
IRS990/Desc0A loan fund that provides affordable funds to certified minority vendors to finance transactions with member corporations of the National Minority Supplier Development Council, Inc and its affiliated regional minority purchasing councils.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0740054
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt036800
IRS990/FeesForServicesAccountingGrp/TotalAmt036800
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt024880
IRS990/FeesForServicesLegalGrp/TotalAmt024880
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt160.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt170.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt180.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt190.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt200.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt210.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt162.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt172.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt182.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2140.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt421333
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt52157
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1919657
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2029076
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2126484
IRS990/Form990PartVIISectionAGrp/PersonNm0Timothy McBride
IRS990/Form990PartVIISectionAGrp/PersonNm1Kathleen Kress
IRS990/Form990PartVIISectionAGrp/PersonNm2Jeffrey Underweiser
IRS990/Form990PartVIISectionAGrp/PersonNm3John S Adams
IRS990/Form990PartVIISectionAGrp/PersonNm4G Winston Smith
IRS990/Form990PartVIISectionAGrp/PersonNm5Serafin Mariel
IRS990/Form990PartVIISectionAGrp/PersonNm6Michelle Sourie Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm7Terrez Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm8Mark W Fischer
IRS990/Form990PartVIISectionAGrp/PersonNm9Clifford Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm10Adrienne Trimble
IRS990/Form990PartVIISectionAGrp/PersonNm11Kris Oswold
IRS990/Form990PartVIISectionAGrp/PersonNm12Thomas C Fitzgerald
IRS990/Form990PartVIISectionAGrp/PersonNm13Sigmund Huber
IRS990/Form990PartVIISectionAGrp/PersonNm14Nancy McGuire
IRS990/Form990PartVIISectionAGrp/PersonNm15Pauline Gebon
IRS990/Form990PartVIISectionAGrp/PersonNm16Fred Lona
IRS990/Form990PartVIISectionAGrp/PersonNm17Jackie LaJoie
IRS990/Form990PartVIISectionAGrp/PersonNm18Bill Miller
IRS990/Form990PartVIISectionAGrp/PersonNm19Socorro Vallejo
IRS990/Form990PartVIISectionAGrp/PersonNm20Ruben Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm21ELBA GARCIA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4140968
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt530419
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1998990
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2077317
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2157983
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP/Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP, CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21AVP, LOAN PORTFOLIO MANAGER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0434021
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt022279
IRS990/InsuranceGrp/TotalAmt022279
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt030156
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030156
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0964872
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0928374
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02146267
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01540748
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05021
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04750
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03122
IRS990/LandBldgEquipCostOrOtherBssAmt08143
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt04613328
IRS990/NetAssetsOrFundBalancesEOYAmt04205084
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-40531
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt052485
IRS990/OccupancyGrp/TotalAmt052485
IRS990/OfficeExpensesGrp/ProgramServicesAmt019213
IRS990/OfficeExpensesGrp/TotalAmt019213
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053607
IRS990/OtherAssetsTotalGrp/EOYAmt067841
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt088660
IRS990/OtherEmployeeBenefitsGrp/TotalAmt088660
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2MISC EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt018767
IRS990/OtherExpensesGrp/ProgramServicesAmt16784
IRS990/OtherExpensesGrp/ProgramServicesAmt253843
IRS990/OtherExpensesGrp/TotalAmt018767
IRS990/OtherExpensesGrp/TotalAmt16784
IRS990/OtherExpensesGrp/TotalAmt253843
IRS990/OtherLiabilitiesGrp/BOYAmt0603985
IRS990/OtherLiabilitiesGrp/EOYAmt0542955
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09465
IRS990/OtherSalariesAndWagesGrp/TotalAmt09465
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt028390
IRS990/PayrollTaxesGrp/TotalAmt028390
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012891
IRS990/PensionPlanContributionsGrp/TotalAmt012891
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017120
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020694
IRS990/PrincipalOfficerNm0G WINSTON SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME FROM LOANS
IRS990/ProgramServiceRevenueGrp/Desc1PROVISION FOR POSSIBLE LOAN LOSS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,809,423
Liabilities
$604,339
Net assets
$4,205,084
Revenue
$434,021
Expenses
$801,734
Net income
-$367,713
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
2018Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1M-$5M nonprofits