Michigan Minority Purchasing Council Mmsdc in Detroit, Michigan (MI)
Table of contents:
| Michigan Minority Purchasing Council Mmsdc | |
| Employer Identification Number (EIN) | 382292187 |
| Name of Organization | Michigan Minority Purchasing Council Mmsdc |
| Address | 100 River Place Dr Ste 300, Detroit, MI 48207-4286 |
| Activities | Job training, counseling, or assistance |
| Subsection | Charitable Organization |
| Ruling Date | 08/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $5,100,586 |
| Amount of Income | $4,088,799 |
| Form 990 Revenue Amount | $3,070,830 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $4,088,799 (it was $5,537,372 in 2012)
| This organization: | $4,088,799 |
| Other organizations performing similar types of work: | $623,666 |
Assets in 2013: $5,100,586 (it was $4,797,094 in 2012)
| Michigan Minority Purchasing Council Mmsdc: | $5,100,586 |
| Other organizations performing similar types of work: | $2,159,711 |
Expenses in 2012: $2,680,543
| Michigan Minority Purchasing Council Mmsdc: | $2,680,543 |
| Other organizations performing similar types of work: | $483,294 |
Income to expenses ratio in 2012: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.1 |
Number of employees in 2012: 15
| Michigan Minority Purchasing Council Mmsdc: | 15 |
| Other organizations performing similar types of work: | 4 |
Employees paid over $100,000 in 2012: 6.7%
| This organization: | 6.7% |
| Other organizations performing similar types of work: | 0.0% |
Grants share in income in 2012: 74.0%
| This organization: | 74.0% |
| Other organizations performing similar types of work: | 28.9% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $3,044,478 |
| Contributions, Gifts, Grants and Other Similar Amounts | $2,254,179 |
| Program Service Revenue | $558,206 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $99,549 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $292,069 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $2,514,528 / $3,705 |
| Less: cost or other basis and sales expenses (Securities / Other) | $2,222,693 / $3,471 |
| Gain or (loss) (Securities / Other) | $291,835 / $234 |
| Net loss from fundraising events | $-159,525 |
| Gross income from fundraising events | $107,205 |
| Less: direct expenses | $266,730 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $2,680,543 |
| Compensation of current officers, directors, trustees, and key employees | $244,413 |
| Other salaries and wages | $1,167,944 |
| Payroll taxes | $15,387 |
| Professional fundraising services | $0 |
| Other | $1,252,799 |
| Balance Sheet (for 2012) | |
| Total assets | $4,797,094 |
| Total liabilities | $1,241,136 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $1,241,136 |
| Total net assets or fund balances | $3,555,958 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $13,952,114 |
| Gifts, grants, contributions, and membership fees received | $10,284,691 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $3,225,251 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $442,172 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Detroit Regional Chamber | PO BOX 33840, Detroit, MI 48232-5840 | MI | 1942-06 | $7,454,228 |
| 2 | Wenonah Park Properties Inc | 301 Washington Ave, Bay City, MI 48708-5837 | MI | 2004-05 | $7,282,474 |
| 3 | Grand Rapids-Kent Cty Convention Center & Vistors Bureau | 7th Floor, Grand Rapids, MI 49503 | MI | 1946-07 | $7,245,997 |
| 4 | Southwest Michigan First Corporation | PO BOX 50827, Kalamazoo, MI 49005-0827 | MI | 1989-07 | $5,228,077 |
| 5 | Spirit Of 76 Inc | PO BOX 1876, Junction City, KS 66441-6876 | KS | 1976-07 | $1,102,440 |
| 6 | Midland Economic Development Council | 233 East Larkin Street Suite 2, Midland, MI 48640-5110 | MI | 1985-12 | $953,825 |
| 7 | Midland County Convention And Visitors Bureau Inc | 219 E Main St, Midland, MI 48640-5113 | MI | 1984-11 | $867,267 |
| 8 | Perfecting Community Development Corporation | 7616 E Nevada, Detroit, MI 48234-3284 | MI | 1997-11 | $567,495 |
| 9 | Wisconsin Business Development Finance Corporation | 100 River Pl1 Board Walkll, Monona, WI 53716 | WI | 1982-07 | $6,747,667 |
| 10 | Tri-County Council For Southern Maryland | PO BOX 745, Hughesville, MD 20637-0745 | MD | 1983-05 | $6,090,097 |
| 11 | City Urban Revitalization Corporation | 68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234-1208 | CA | 2002-06 | $6,002,442 |
| 12 | Iron County Action Plan Committee | PO BOX 108, Ironton, MO 63650 | MO | 2000-02 | $5,517,378 |
| 13 | West Central Arkansas Planning & Development District Inc | PO BOX 6409, Hot Springs, AR 71902-6409 | AR | 1996-03 | $4,534,357 |
| 14 | Michigan Minority Purchasing Council Mmsdc | 100 River Place Dr Ste 300, Detroit, MI 48207-4286 | MI | 1982-08 | $4,088,799 |
| 15 | Southwest Arkansas Planning & | 101 Harvey Couch Blvd, Magnolia, AR 71754 | AR | 1978-02 | $3,421,370 |
| 16 | Cornerstone Alliance | 38 W Wall St, Benton Harbor, MI 49022-4735 | MI | 1988-03 | $3,232,009 |
| 17 | Washington County Economic Development Partnership, Washington County Economic Development Inc | 20 E Beau Street, Washington, PA 15301 | PA | 2006-12 | $2,476,170 |
| 18 | The Resource Inc | PO BOX 36, North Eastham, MA 02651-0036 | MA | 1994-05 | $2,025,775 |
| 19 | La Cocina Inc | 2948 Folsom St, San Francisco, CA 94110-4028 | CA | 2007-08 | $1,958,553 |
| 20 | Economic Alliance For Michigan | 41650 Gardenbrook Rd Ste 175, Novi, MI 48375-1323 | MI | 1982-07 | $357,103 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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