Civic Intelligence

Minority Business Development Institute Inc.

990 • Fiscal year 2019 • EIN 27-3245080

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 05, 2019

Organization ProfileMINORITYBDI.ORG
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

99th percentile

35.12x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • NTEE S30 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

1.39x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • NTEE S30 • <$500k nonprofits • Source year 2019

Net Margin

88th percentile

49%

Higher net margin than 88% of similar nonprofits.

2019 filings • NTEE S30 • <$500k nonprofits • Source year 2019

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2019 filings • NTEE S30 • <$500k nonprofits • Source year 2019

Asset Growth

94th percentile

407%

Faster asset growth than 94% of similar nonprofits.

2019 filings • NTEE S30 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

782%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • NTEE S30 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$7,576

Up $6,082 (+407%) from 2018

Net Assets

Up

-$258,497

Up $75,485 (+23%) from 2018

Liabilities

Down

$266,073

Down $69,403 (-21%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin88th percentile

Revenue

Up

$191,279

Up $169,588 (+782%) from 2018

Expenses

Up

$97,850

Up $69,319 (+243%) from 2018

Net Income

Up

$93,429

Up $100,269 (+1466%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

2019

Assets$7,576
Liabilities$266,073
Net Assets-$258,497
Open 2019 Filing

Operations Trend

Revenue Growth96th percentile

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

2019

Revenue$191,279
Expenses$97,850
Net Income$93,429
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$191,279
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$335,476$256,621▼ $78,855
Accounts Receivable-$7,576-
Cash and Non-Interest-Bearing Accounts$1,494--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,494$7,576▲ $6,082
Liabilities
Other Liabilities$0$4,809▲ $4,809
Accounts Payable and Accrued Expenses-$4,643-
Total Liabilities$335,476$266,073▼ $69,403
Net Assets / Fund Balance
Unrestricted Net Assets$-333,982$-258,497▲ $75,485
Total Net Assets Fund Balance$-333,982$-258,497▲ $75,485
Total Liabilities and Net Assets / Fund Balance$1,494$7,576▲ $6,082

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$12,911$12,911
Equipment$0$9,349$9,349
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
ANDRE O'REGGIOPresident
Jeffrey LattmannV.president
Christopher BlackBoard Member
Kenneth TheobaldsBoard Member
Lisa TepperBoard Member
Rohan DefreitasBoard Member
Liz Duncan-gilmourExecutive Director
David CayemitteCEO
Jack a CallahanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,573
Program Service Revenue
$186,606
Investment Income
$0
Other Revenue
$3,100
All Other Contributions
$1,573
Change in Net Assets
$93,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,559
Salaries, Compensation, and Employee Benefits$1,291
Total Fundraising Expense$318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$40,867-$40,867
Travel$14,428$6,183-$20,611
Office Expenses-$9,062-$9,062
Fees for Services Other$5,060$1,265-$6,325
Occupancy$3,200$2,800-$6,000
Insurance$5,806--$5,806
Fees for Services Legal-$1,457-$1,457
Information Technology$1,337--$1,337
Other Salaries and Wages$1,180--$1,180
Fees for Services Accounting-$800-$800
Advertising-$682-$682
Other Expenses$2,682$250$318$250
Payroll Taxes$111--$111
Total Functional Expenses$33,804$63,728$318$97,850
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$335,476$256,621▼ $78,855
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$4,809
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 11B

“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
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David R Cayemitte
Formed
2010
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
7

Preparer

Firm
Hill Barth & King LLC
Address
100 WALNUT AVENUE, CLARK, NJ 07066
Preparer
Kathleen M Clayton CPA
Phone
7323818887
Raw XML AppendixShowing 400 of 423 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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IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt0715158
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0191279
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt021691
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt050750
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0209803
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0241635
IRS990ScheduleA/Total509Grp/TotalAmt0715158
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0191279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt021691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt050750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0209864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0241635
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0715219
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09349
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09349
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012911
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt04809
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0250621
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt16000
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
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JEAN CAYEMITTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1FAMILY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt0256621
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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt01494
IRS990/TotalAssetsGrp/EOYAmt07576
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01573
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0318
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063728
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt033804
IRS990/TotalFunctionalExpensesGrp/TotalAmt097850
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0335476
IRS990/TotalLiabilitiesEOYAmt0266073
IRS990/TotalLiabilitiesGrp/BOYAmt0335476
IRS990/TotalLiabilitiesGrp/EOYAmt0266073
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-333982
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-258497
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt033804
IRS990/TotalProgramServiceRevenueAmt0186606
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0189706
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0191279
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07576
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06183
IRS990/TravelGrp/ProgramServicesAmt014428
IRS990/TravelGrp/TotalAmt020611
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-258497
IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd008505
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0MINORITYBDI.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID R CAYEMITTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06094560818
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINORITY BUSINESS DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0MINO
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ReturnHeader/Filer/PhoneNum06094560818
ReturnHeader/Filer/USAddress/AddressLine1Txt0306 FARNSWORTH AVE NO B
ReturnHeader/Filer/USAddress/CityNm0BORDENTOWN

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,576
Liabilities
$266,073
Net assets
-$258,497
Revenue
$191,279
Expenses
$97,850
Net income
$93,429
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