Civic Intelligence

Minority Business Development Institute Inc.

990 • Fiscal year 2016 • EIN 27-3245080

Jul 01, 2015 to Jun 30, 2016 • Filed on May 08, 2017

306 Farnsworth Ave No BBordentown, NJ 08505

(609) 456-0818

Siviq Scores

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

Liabilities / Assets

97th percentile

25.06x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • NTEE S30 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

1.56x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • NTEE S30 • <$500k nonprofits • Source year 2016

Net Margin

31st percentile

-12%

Higher net margin than 31% of similar nonprofits.

2016 filings • NTEE S30 • <$500k nonprofits • Source year 2016

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Asset Growth

4th percentile

-83%

Faster asset growth than 4% of similar nonprofits.

2016 filings • NTEE S30 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-13%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$13,039

Down $65,610 (-83%) from 2015

Net Assets

Down

-$313,657

Down $24,296 (-8.4%) from 2015

Liabilities

Down

$326,696

Down $41,314 (-11%) from 2015

Revenue

Down

$209,864

Down $31,771 (-13%) from 2015

Expenses

Down

$234,160

Down $146,416 (-38%) from 2015

Net Income

Up

-$24,296

Up $114,645 (+83%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2012: $0Liabilities 2012: $81,322Net Assets 2012: -$81,3222012Assets 2013: $112,214Liabilities 2013: $159,239Net Assets 2013: -$47,0252013Assets 2014: $75,254Liabilities 2014: $225,674Net Assets 2014: -$150,4202014Assets 2015: $78,649Liabilities 2015: $368,010Net Assets 2015: -$289,3612015Assets 2016: $13,039Liabilities 2016: $326,696Net Assets 2016: -$313,6572016Assets 2017: $4,354Liabilities 2017: $331,496Net Assets 2017: -$327,1422017Assets 2018: $1,494Liabilities 2018: $335,476Net Assets 2018: -$333,9822018Assets 2019: $7,576Liabilities 2019: $266,073Net Assets 2019: -$258,4972019Assets 2020: $3,249Liabilities 2020: $331,850Net Assets 2020: -$328,6012020Assets 2021: $335Liabilities 2021: $348,334Net Assets 2021: -$347,9992021Assets 2022: $2,209Liabilities 2022: $363,166Net Assets 2022: -$360,9572022Assets 2023: $135,940Liabilities 2023: $421,565Net Assets 2023: -$285,6252023Assets 2024: $396,881Liabilities 2024: $125,025Net Assets 2024: $271,8562024Assets 2025: $119,759Liabilities 2025: $127,874Net Assets 2025: -$8,1152025

Highlighted filing

2016

Assets$13,039
Liabilities$326,696
Net Assets-$313,657

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $1,920Expenses 2012: $63,275Net Income 2012: -$61,3552012Expenses 2013: $312,9422013Revenue 2014: $367,954Expenses 2014: $469,849Net Income 2014: -$101,8952014Revenue 2015: $241,635Expenses 2015: $380,576Net Income 2015: -$138,9412015Revenue 2016: $209,864Expenses 2016: $234,160Net Income 2016: -$24,2962016Revenue 2017: $50,750Expenses 2017: $75,945Net Income 2017: -$25,1952017Revenue 2018: $21,691Expenses 2018: $28,531Net Income 2018: -$6,8402018Revenue 2019: $191,279Expenses 2019: $97,850Net Income 2019: $93,4292019Revenue 2020: $22,661Expenses 2020: $95,721Net Income 2020: -$73,0602020Revenue 2021: $3,000Expenses 2021: $22,398Net Income 2021: -$19,3982021Revenue 2022: $17,000Expenses 2022: $29,958Net Income 2022: -$12,9582022Revenue 2023: $659,592Expenses 2023: $584,260Net Income 2023: $75,3322023Revenue 2024: $1,330,830Expenses 2024: $773,349Net Income 2024: $557,4812024Revenue 2025: $636,388Expenses 2025: $916,359Net Income 2025: -$279,9712025

Highlighted filing

2016

Revenue$209,864
Expenses$234,160
Net Income-$24,296
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 8, 2017
Return Version
2015v3.0
Gross Receipts
$250,331
Mission and Program Overview

Mission

Through education and advocacy, the minority business institute mission is to assist the minority contractor population to develop socio-economic parity by addressing business issues that create barriers to success.

Minority business development & growth

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$328,481$322,593▼ $5,888
Pledges and Grants Receivable$66,362--
Accounts Receivable-$4,750-
Cash and Non-Interest-Bearing Accounts$3,052$4,475▲ $1,423
Land, Buildings, and Equipment, Net$7,955$2,914▼ $5,041
Prepaid Expenses and Deferred Charges$1,280$900▼ $380
Total Assets$78,649$13,039▼ $65,610
Liabilities
Deferred Revenue$21,725--
Accounts Payable and Accrued Expenses$17,804$4,103▼ $13,701
Total Liabilities$368,010$326,696▼ $41,314
Net Assets / Fund Balance
Unrestricted Net Assets$-289,361$-313,657▼ $24,296
Total Net Assets Fund Balance$-289,361$-313,657▼ $24,296
Total Liabilities and Net Assets / Fund Balance$78,649$13,039▼ $65,610

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$12,911$12,911
Equipment$2,914$6,435$9,349
Compensation and Service Providers

Board Members and Trustees

NameTitle
ANDRE O'REGGIOPresident
Christopher BlackBoard Member
Jeffrey LattmannBoard Member
Kenneth TheobaldsBoard Member
Jack a CallahanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,428
Program Service Revenue
$198,375
Investment Income
$61
Other Revenue
$0
All Other Contributions
$200
Change in Net Assets
$-24,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,502
Other Expenses$93,658
Total Fundraising Expense$124
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,627$47,475-$98,102
Current Officers, Directors, Trustees, and Key Employees-$42,400-$42,400
Fees for Services Other$23,501$2,491-$25,992
Occupancy$8,345$11,009-$19,354
Other Expenses$6,478$10,689$124$17,291
Travel$10,513$4,233-$14,746
Fees for Services Accounting$8,300--$8,300
Insurance$7,224--$7,224
Advertising-$751-$751
Total Functional Expenses$114,988$119,048$124$234,160
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$40,467
Fundraising Gross Income$40,467
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$51,695$40,467$40,467$0
Total Events$51,695$40,467$40,467$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$328,481$322,593▼ $5,888
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 was provided to and reviewed by the treasurer of the organization prior to being filed.

Form 990, Part VI, Section B, Line 12C

The board secretary reviews conflict situations on an onging basis.

Form 990, Part VI, Section B, Line 15A

The baord reviews the compensation of key employees on an annual basis, based upon comparable industry data.

Form 990, Part VI, Section C, Line 19

The organization's 990 and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Minority Business Development
EIN
27-3245080
Phone
6094560818
Address
306 FARNSWORTH AVE NO B, BORDENTOWN, NJ 08505

Signing Officer

Name
David R Cayemitte
Title
CEO
Phone
6094560818
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David R Cayemitte
Formed
2010
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
5

Preparer

Firm
Spire Group Pc
Address
100 WALNUT AVE SUITE 103, CLARK, NJ 07066
Preparer
Kathleen M Clayton CPA
Phone
7323818887
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 23,501. Management and general expenses 2,491. Fundraising expenses 0. Total expenses 25,992.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for uncertainty in income taxes using a recognition threshold of more-likely-than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met.

Raw XML Appendix395 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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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012911
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012911
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02914
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt011228
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt011228
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040467
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt051695
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt051695
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt040467
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040467
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt040467
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt040467
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0303093
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt119500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0STARTUP FUNDING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CASH FLOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0325000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt135000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAVID CAYEMITTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JEAN CAYEMITTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1FAMILY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt0322593
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS PROVIDED TO AND REVIEWED BY THE TREASURER OF THE ORGANIZATION PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SECRETARY REVIEWS CONFLICT SITUATIONS ON AN ONGING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BAORD REVIEWS THE COMPENSATION OF KEY EMPLOYEES ON AN ANNUAL BASIS, BASED UPON COMPARABLE INDUSTRY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING: PROGRAM SERVICE EXPENSES 23,501. MANAGEMENT AND GENERAL EXPENSES 2,491. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,992.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt078649
IRS990/TotalAssetsEOYAmt013039
IRS990/TotalAssetsGrp/BOYAmt078649
IRS990/TotalAssetsGrp/EOYAmt013039
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011428
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0124
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0119048
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114988
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234160
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0368010
IRS990/TotalLiabilitiesEOYAmt0326696
IRS990/TotalLiabilitiesGrp/BOYAmt0368010
IRS990/TotalLiabilitiesGrp/EOYAmt0326696
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-289361
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-313657
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0114988
IRS990/TotalProgramServiceRevenueAmt0198375
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0198375
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0209864
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt078649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013039
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04233
IRS990/TravelGrp/ProgramServicesAmt010513
IRS990/TravelGrp/TotalAmt014746
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-289361
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-313657
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0306 FARNSWORTH AVE NO B
IRS990/USAddress/CityNm0BORDENTOWN
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008505
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0MINORITYBDI.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID R CAYEMITTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06094560818
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINORITY BUSINESS DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0MINO
ReturnHeader/Filer/EIN0273245080
ReturnHeader/Filer/PhoneNum06094560818
ReturnHeader/Filer/USAddress/AddressLine1Txt0306 FARNSWORTH AVE NO B
ReturnHeader/Filer/USAddress/CityNm0BORDENTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008505
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455221053
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPIRE GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 WALNUT AVE SUITE 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007066
ReturnHeader/PreparerPersonGrp/PhoneNum07323818887
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN M CLAYTON CPA
ReturnHeader/ReturnTs02017-05-12T12:17:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.12$0.13$0.01$0.64$0.92$0.28
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.13$0.27$1.33$0.77$0.56
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.42$0.29$0.66$0.58$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.36$0.36$0.02$0.03$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.35$0.35$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.33$0.33$0.02$0.10$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.27$0.26$0.19$0.10$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.34$0.33$0.02$0.03$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.33$0.33$0.05$0.08$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.33$0.31$0.21$0.23$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.37$0.29$0.24$0.38$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.23$0.15$0.37$0.47$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.16$0.05$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.08$0.08$0.00$0.06$0.06