Civic Intelligence

Minority Business Development Institute Inc.

990 • Fiscal year 2021 • EIN 27-3245080

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 29, 2021

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

1039.80x

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

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

116.11x

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

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Net Margin

4th percentile

-647%

Higher net margin than 4% of similar nonprofits.

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Asset Growth

1st percentile

-90%

Faster asset growth than 1% of similar nonprofits.

2021 filings • NTEE S30 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-87%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • NTEE S30 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$335

Down $2,914 (-90%) from 2020

Net Assets

Down

-$347,999

Down $19,398 (-5.9%) from 2020

Liabilities

Up

$348,334

Up $16,484 (+5.0%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Down

$3,000

Down $19,661 (-87%) from 2020

Expenses

Down

$22,398

Down $73,323 (-77%) from 2020

Net Income

Up

-$19,398

Up $53,662 (+73%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2021

Assets$335
Liabilities$348,334
Net Assets-$347,999
Open 2021 Filing

Operations Trend

Revenue Growth9th 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

2021

Revenue$3,000
Expenses$22,398
Net Income-$19,398
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$3,000
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$319,092$336,999▲ $17,907
Cash and Non-Interest-Bearing Accounts$3,249$335▼ $2,914
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$3,249$335▼ $2,914
Liabilities
Other Liabilities$12,758$11,335▼ $1,423
Total Liabilities$331,850$348,334▲ $16,484
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-328,601$-347,999▼ $19,398
Total Net Assets Fund Balance$-328,601$-347,999▼ $19,398
Total Liabilities and Net Assets / Fund Balance$3,249$335▼ $2,914

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$12,911$12,911
Other Land Buildings$0$9,349$9,349
Compensation and Service Providers
Top Officer Pay77th 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
$3,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-19,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,398
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$7,029$1,029-$8,058
Interest-$3,274-$3,274
Information Technology-$2,934-$2,934
Travel-$2,809-$2,809
Fees for Services Accounting-$1,750-$1,750
Other Expenses$675$430-$1,105
Occupancy-$1,000-$1,000
Fees for Services Other$904--$904
Office Expenses-$432-$432
Advertising-$132-$132
Total Functional Expenses$8,608$13,790$0$22,398
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$319,092$336,999▲ $17,907
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$11,335
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
2021-10-29
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
0
Volunteers
7

Preparer

Firm
Hill Barth & King LLC
Address
100 WALNUT AVENUE, CLARK, NJ 07066
Preparer
Kathleen M Clayton CPA
Phone
7323818887
Raw XML Appendix388 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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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
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAVID CAYEMITTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JEAN CAYEMITTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1FAMILY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt0336999
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/TotalAssetsBOYAmt03249
IRS990/TotalAssetsEOYAmt0335
IRS990/TotalAssetsGrp/BOYAmt03249
IRS990/TotalAssetsGrp/EOYAmt0335
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013790
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08608
IRS990/TotalFunctionalExpensesGrp/TotalAmt022398
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0331850
IRS990/TotalLiabilitiesEOYAmt0348334
IRS990/TotalLiabilitiesGrp/BOYAmt0331850
IRS990/TotalLiabilitiesGrp/EOYAmt0348334
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-328601
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-347999
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt08608
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03249
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0335
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02809
IRS990/TravelGrp/TotalAmt02809
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0306 FARNSWORTH AVE NO B
IRS990/USAddress/CityNm0BORDENTOWN
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008505
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0MINORITYBDI.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID R CAYEMITTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06094560818
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-29
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/PreparerFirmEIN0341897225
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HILL BARTH & KING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 WALNUT AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007066
ReturnHeader/PreparerPersonGrp/PhoneNum07323818887
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHLEEN M CLAYTON CPA
ReturnHeader/ReturnTs02021-11-05T16:06:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAYEMITTE
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$335
Liabilities
$348,334
Net assets
-$347,999
Revenue
$3,000
Expenses
$22,398
Net income
-$19,398
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