National Minority Supplier Development Council

By NMSDC

Editor’s note: We encourage you to get to know the National Minority Supplier Development Council (NMSDC). Below is content from their website “About” page.
 

Founded in 1972, the National Minority Supplier Development Council (NMSDC) is the longest-operating business growth engine for the broadest group of systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and our impact goes far beyond supply chain. It’s about upward mobility for the emerging majority of Americans, an equal shot at participating in the American experiment of free-market capitalism and entrepreneurship. Our work is about correcting the unequal access to wealth-building opportunities.

 

Our Mission

 

To serve as a growth engine for NMSDC certified minority businesses and enable our members to advance economic equity.
 

We create connections between minority business enterprises (MBEs) and corporations, MBEs and the public sector, and MBEs and other MBEs, to help them benefit from each other, stoking entrepreneurship and growing wealth for these systemically excluded communities.

 

Our Vision
 

To be the leading organization for driving socioeconomic equity and generational wealth in communities of color.
 

We build capacity and capabilities through our programs and other educational offerings that help close the wealth gap, the key to creating a more united and prosperous society for all.

 

Our Impact
 

For the last fifty years, NMSDC has been advocating access to the American dream for MBEs.
 

Our success is historic and unmatched: over 16,000 MBEs connected to more than 1,700 corporations, resulting in $482.1 billion in economic output annually, sustaining 1.8 million jobs, with $136.4 billion in total wages earned. We are the nation’s largest, most impactful, and most successful nonprofit advocacy organization for MBEs, proving growth for MBEs is growth for all.

Our Core Values
 

To serve as a growth engine for NMSDC-certified MBEs, we uphold the following core values:

Our Network
 

NMSDC is supported by 23 regional affiliates and many strategic partners nationwide which work in the field to ensure our 16,000+ certified MBEs reach their full potential with our 1,700+ corporate members.

 

Additionally, NMSDC expands our network overseas through the Global-Link International Program. We work with nongovernmental organizations in other countries to replicate the NMSDC model and link historically-excluded populations with corporate purchasing entities to create mutually-beneficial economic partnerships.

 

These international partner organizations are a gateway for United States-based MBEs to meet international MBEs who may be potential partners to help them gain access to the global marketplace.

 

Our Bylaws
 

NMSDC is a not-for-profit corporation incorporated in Illinois and governed by the following bylaws (last updated: October 23, 2023). If you have any questions regarding NMSDC governance, please email us.

 

Our Financials
 

As a not-for-profit corporation, NMSDC’s audited financials and IRS Form 990 are available upon request. Please find those documents for the past few years below: 

 

2022 Audited Financials | IRS Form 990

2021 Audited Financials | IRS Form 990

2020 Audited Financials | IRS Form 990

2019 Audited Financials | IRS Form 990

2018 Audited Financials | IRS Form 990

If you need any additional information, please email us at info@nmsdc.org.