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EIN 59-1746154

Florida State Minority Supplier Development Council (SFMSDC)

IRS 501(c) type
501(c)(3)
Num. employees
19
City
Miami
State
Florida
Year formed
1975
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
To link Corporations and Government Agencies with Minority Business Enterprises (MBEs) to foster business development and expansion. SFMSDC provides support to Corporate Members and MBEs from three offices in Miami-Dade, Broward and Palm Beach counties.
Also known as...
Southern Florida Regional Minority Supplier Development Coun; Southern Florida Minority Supplier Development Council; Southern Florida Supplier Development Coun
Total revenues
$3,415,254
2023
Total expenses
$3,228,072
2023
Total assets
$2,474,771
2023
Num. employees
19
2023

Program areas at SFMSDC

FSMSDCs works to increase purchasing from minority businesses by government entities and corporations, while increasing the operating capacity of minority businesses through hands-on business assistance, training and access to technology and capital resources. The organization provides technical business services that helps increase the capacity of MBEs and create and retain jobs as well as grow revenues.

Who funds Florida State Minority Supplier Development Council (SFMSDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Miami FoundationProgram Support$150,000
Community Foundation of BrowardGeneral Support$75,000

Personnel at SFMSDC

NameTitleCompensation
Beatrice LoussaintPresident and Chief Executive Officer$167,910
Erasmo AcostaChief Financial Officer$100,000
Monica CupidVice President of Operations$100,000
Sandra PalmerVice President of Programs and Compliance
Stuart CombsDirector of Certification
...and 5 more key personnel

Financials for SFMSDC

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,147,289
Program services$1,124,431
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$143,534
Total revenues$3,415,254

Form 990s for SFMSDC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-10990View PDF
2022-122024-05-03990View PDF
2022-122023-10-02990View PDF
2021-122022-08-11990View PDF
2020-122021-09-14990View PDF
...and 12 more Form 990s
Data update history
November 2, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 1, 2024
Updated personnel
Identified 1 new personnel
October 20, 2024
Received grants
Identified 1 new grant, including a grant for $150,000 from The Miami Foundation
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $75,000 from Community Foundation of Broward
December 12, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
9499 Ne 2nd Ave Suite 201
Miami, FL 33138
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
County
Miami-Dade County, FL
Website URL
fsmsdc.org/ 
Phone
(305) 762-6151
Facebook page
SFMSDC 
Twitter profile
@sfmsdc 
IRS details
EIN
59-1746154
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1975
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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