Program areas at HMSDC
Certification, information exchange, and networking - HMSDC is responsible for certifying Minority ownership and management. In addition, HMSDC maintains a database of certified firms and their capabilities. Events such as expo 2021 Business opportunity marketplace, and the quarterly luncheons provide Minority Business owners with information, insight, and guidance in how to grow their Business and relate to an ever changing marketplace. These eventsprovide major corporations direct contact with Minority Business leaders to increase their sensitivity,understanding, and support. This is essential in overcoming racial biases and stimulating economic development of impoverished communities. In 2021, over 5,000 individuals attended these events.
The mbe executive scholarship program raises funds, then awards those funds to Minority Business owners to encourage and faciliate their continued education in areas specific to their next stage of Business development.
Education and development - HMSDC provides local and national conferences, seminars, and workshops to educate Minority Business owners on contemporary Business and management skillsand to educate major corporations on diversity issues.
Who funds HMSDC
Grants from foundations and other nonprofits
Personnel at HMSDC
| Name | Title | Compensation | Date of data |
|---|
| Ingrid M Robinson | Chief Executive Officer | President | $0 | 2024-05-07 |
| Chris Haas | Vice Chairman / Member | $0 | 2022-12-31 |
| Debra Johnson | Chairman / Board Member | $0 | 2022-12-31 |
| Bill Keyes | Board Member | $0 | 2022-12-31 |
| Eileen Perillo | Treasurer / Board Member | $0 | 2022-12-31 |
| ...and 10 more key personnel |
Financials for HMSDC
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $1,395,137 | $1,135,252 | 22.9% |
| Program services | $348,898 | $309,950 | 12.6% |
| Investment income and dividends | $226 | $0 | 999% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,744,261 | $1,445,202 | 20.7% |
Organizations like HMSDC
| Organization | Type | Location | Revenue |
|---|
| Carolinas Virginia Minority Supplier Development Councils | 501(c)(3) | Charlotte, NC | $1,403,116 |
| North Central Texas Womens Business Development Council | 501(c)(3) | Irving, TX | $1,828,451 |
| Womens Business Enterprise Alliance | 501(c)(3) | Houston, TX | $966,642 |
| New York and New Jersey Minority Supplier Development Council | 501(c)(3) | New York, NY | $1,961,473 |
| Northwest Minority Supplier Development Council | 501(c)(3) | Tukwila, WA | $1,298,704 |
| California Association for Microenterprise Opportunity | 501(c)(3) | San Francisco, CA | $3,836,904 |
| Womens Business Development Council (WBDC) | 501(c)(3) | Stamford, CT | $7,391,783 |
| Mid-States Minority Supplies Development Council | 501(c)(3) | Indianapolis, IN | $884,693 |
| Allegheny County Bar Foundation | 501(c)(3) | Pittsburgh, PA | $3,467,150 |
| Oregon Entrepreneurs network | 501(c)(3) | Portland, OR | $482,420 |
Data update history
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
EducationHuman rightsBusiness and industry
Characteristics
State / local levelCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
- Address
- 3 Riverway Ste 555
- Houston, TX 77056
- Metro area
- Houston-The Woodlands-Sugar Land, TX
- County
- Harris County, TX
- Website URL
- hmsdc.org/Â
IRS details
- EIN
- 76-0458224
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1995
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 813910: Trade Associations
- Parent/child status
- Central organization
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