Overview

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Est.

1977

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Carolinas Virginia Minority Supplier Development Councils Inc (EIN: 56-1191106) is a nonprofit organization dedicated to promoting entrepreneurship by certifying minority suppliers and acting as a clearinghouse for minority purchasing options. With an operating budget of $1.5 million and total revenue of $1.4 million for the 2024 filing year, the organization leverages resources from major corporations to support minority-owned businesses. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base. More information can be found on their website at www.cvmsdc.org.

Mission Statement

CVMSDC blends interests and resources of major corporations and minority-owned businesses: 1)Certifies authenticity of minority suppliers, 2)Serves as a clearing house of minority purchasing options
Revenues
$1.4M
Expenses
$1.5M
Net Income:
-$31.3K
Assets
$1.7M
Liabilities
$151.4K
Net Assets:
+$1.6M
Operating Budget
$1.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$20K
Largest grant received
$20K
D
Dominique Milton
Board Member
S
S Dallas Simmons
Board Member
C
Cathy Williams
Board Member

Frequently Asked Questions

What is CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC’s budget?
In 2024, CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC reported an annual operating budget of around $1.5 million. More detailed financial information is available to registered users.
What causes does CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC support?
CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC supports work in Entrepreneurship.
Where does CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC operate?
CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC is headquartered in Charlotte, NC.
Who funded CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC recently?
In 2025, CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC received grants from CHARITIES AID FOUNDATION AMERICA, CENTRAL CAROLINA COMMUNITY FOUNDATION, and NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL INC. More information on this organization’s funders is available to registered users.
What is the largest grant CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC received in 2024?
The largest grant to CAROLINAS VIRGINIA MINORITY SUPPLIER DEVELOPMENT COUNCILS INC in 2024 exceeds $20 thousand.