MID-States Minority Supplies Development

“Mid-states msdc has classes of members or stockholders.”

“The process of reviewing the form 990 is as follows. The form 990 is submitted to each member of the governing body before being filed with the irs.”

“Officers and directors are required to disclose any conflicts of interest on an annual basis.”

“The organization's governing documents are made available to the public upon request.”

“The primary mission of mid-states minority supplier development council (mid-states msdc) is to promote and cultivate successful minority enterprises within the central illinois, indiana and eastern missouri business communities. The mid-states msdc serves as an advocate for the economic well-being and growth of certified mdes, while also providing a direct connection for corporations who are committed to purchasing products and services from mid-states msdc-certified mbes. The mid-states msdc is an affiliate of the national minority supplier development council (nmsdc), and one of the 24 regional councils operating in the united states. The council was created by the indianapolis business community in the mid '70s to address and support minority business development. Through the dedication and continuing support of its original founders, the indiana regional purchasing council (irpc) as it was initially names, became the indiana regional minority purchasing council (irmpc), followed by the indiana regional minority supplier development council (irmsdc), the indiana business diversity council (ibdc), indiana minority supplier development council (imsdc) and now, the mid-states minority supplier development council (mid-states msdc). The successive name changes reflect increasing scope of programs and services made available to the minority business community.”

“The mid-states msdc is supported by the corporate membership dues, contributions, and by funding from the nmsdc. How we help often, bringing together corporate and minority businesses is simply a communication issue. Membership in the council helps to solve that problem by providing the vehicle for effective networking and communication. Many activities and programs of the council are designed to bring buyers and sellers together to discuss business problems and share knowledge. Belonging to the mid-states msdc is good for businesses because a sound minority purchasing program increases the quality and depth of an organization's supplier base. It is good for the local economy because increased minority purchasing equates to the growth of small companies and increased local employment. The council works closely with other organizations serving the needs of the majority and the minority business community. Throughout its 39 year history the council has facilitated more than $10 billion in purchases of goods and services from the minority business community by america's major corporations. The organization relies on revenue generated from fundraising events, educational programs, membership dues and grants. We plan and host four major networking events annually including a minority business tradeshow, two golf outings and an annual dinner and awards gala. In addition, we offer premier workshops and seminars to further develop minority businesses and to educate minority corporations.”

“Other purchased services: program service expenses 146,488. Management and general expenses 63,356. Fundraising expenses 0. Total expenses 209,844.”