Civic Intelligence

Minority Business Development Institute Inc.

990 • Fiscal year 2020 • EIN 27-3245080

Jul 01, 2019 to Jun 30, 2020 • Filed on Jul 14, 2020

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

102.14x

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

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

14.64x

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

2020 filings • NTEE S • <$500k nonprofits • Source year 2020

Net Margin

6th percentile

-322%

Higher net margin than 6% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$23,722

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 104.7% of source-year revenue.

2020 filings • NTEE S30 • <$500k nonprofits • Source year 2020

Asset Growth

5th percentile

-57%

Faster asset growth than 5% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-88%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • NTEE S30 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$3,249

Down $4,327 (-57%) from 2019

Net Assets

Down

-$328,601

Down $70,104 (-27%) from 2019

Liabilities

Up

$331,850

Up $65,777 (+25%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

Down

$22,661

Down $168,618 (-88%) from 2019

Expenses

Down

$95,721

Down $2,129 (-2.2%) from 2019

Net Income

Down

-$73,060

Down $166,489 (-178%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2020

Assets$3,249
Liabilities$331,850
Net Assets-$328,601
Open 2020 Filing

Operations Trend

Revenue Growth11th 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

2020

Revenue$22,661
Expenses$95,721
Net Income-$73,060
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jul 14, 2020
Return Version
2019v5.1
Gross Receipts
$22,661
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$256,621$319,092▲ $62,471
Accounts Receivable$7,576--
Cash and Non-Interest-Bearing Accounts-$3,249-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$7,576$3,249▼ $4,327
Liabilities
Other Liabilities$4,809$12,758▲ $7,949
Accounts Payable and Accrued Expenses$4,643--
Total Liabilities$266,073$331,850▲ $65,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-258,497$-328,601▼ $70,104
Total Net Assets Fund Balance$-258,497$-328,601▼ $70,104
Total Liabilities and Net Assets / Fund Balance$7,576$3,249▼ $4,327

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$12,911$12,911
Equipment$0$9,349$9,349
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleBaseTotal
David CayemitteCEO$23,722$23,722
Liz Duncan-gilmourExecutive Director$16,400$16,400

Board Members and Trustees

NameTitle
ANDRE O'REGGIOPresident
Jeffrey LattmannV.president
Christopher BlackBoard Member
Kenneth TheobaldsBoard Member
Lisa TepperBoard Member
Rohan DefreitasBoard Member
Jack a CallahanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,661
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-73,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$48,396
Other Expenses$47,325
Total Fundraising Expense$84
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,970$2,209-$44,179
Travel$6,561$2,812-$9,373
Insurance$8,901--$8,901
Occupancy$3,984$3,900-$7,884
Office Expenses-$5,054-$5,054
Fees for Services Management-$4,954-$4,954
Fees for Services Accounting-$4,686-$4,686
Payroll Taxes$4,006$211-$4,217
Interest-$2,990-$2,990
Information Technology-$1,123-$1,123
Advertising-$775-$775
Fees for Services Other$500--$500
Other Expenses$463$538$84$84
Total Functional Expenses$66,385$29,252$84$95,721
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$256,621$319,092▲ $62,471
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppa Loan$9,267
Sba Loan$3,000
Accrued Expenses$491
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
2020-07-14
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
5
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 418 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/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt022661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0191279
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt021691
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt050750
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0209803
IRS990ScheduleA/Total509Grp/TotalAmt0496184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt022661
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0191279
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt021691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt050750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0209864
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0496245
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09349
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09349
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012911
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0491
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SBA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPA LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt012758
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0313092
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/TotalBalanceDueAmt0319092
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07576
IRS990/TotalAssetsEOYAmt03249
IRS990/TotalAssetsGrp/BOYAmt07576
IRS990/TotalAssetsGrp/EOYAmt03249
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt084
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029252
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt066385
IRS990/TotalFunctionalExpensesGrp/TotalAmt095721
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0266073
IRS990/TotalLiabilitiesEOYAmt0331850
IRS990/TotalLiabilitiesGrp/BOYAmt0266073
IRS990/TotalLiabilitiesGrp/EOYAmt0331850
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-258497
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-328601
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt066385
IRS990/TotalProgramServiceRevenueAmt022661
IRS990/TotalReportableCompFromOrgAmt040122
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022661
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt022661
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07576
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02812
IRS990/TravelGrp/ProgramServicesAmt06561
IRS990/TravelGrp/TotalAmt09373
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID R CAYEMITTE
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,249
Liabilities
$331,850
Net assets
-$328,601
Revenue
$22,661
Expenses
$95,721
Net income
-$73,060
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