2024-09-12T14:15:17-05:00 2023-12-31 Nanavaty Davenport Studley White 123 South Main St Suite 140 Newtown CT 06470 990 2023-01-01 061025890 Connecticut Minority Supplier Development Council % JOSE COLON CONN 2032889744 157 Church Street 19th Floor New Haven CT 06510 Peter F Hurst Jr president & CEO 2032889744 2024-08-07 true true Glenn J Nanavaty P00287986 2034268500 2024-08-07 2023 2024-08-08 14:25:15Z Peter F Hurst Jr 157 Church Street 19th Floor New Haven CT 06510 2274157 false X www.gnemsdc.org X 1985 CT Assisting minority owned companies in establishing and promoting their business by fostering business relationships between minority suppliers and major purchasers. 18 17 10 17 0 1597171 1857709 148400 191550 -5157 39914 90838 111485 1831252 2200658 0 0 0 0 1066628 1319644 0 0 107202 350579 438192 1417207 1757836 414045 442822 2034113 2500695 271610 249450 1762503 2251245 ASSISTING MINORITY OWNED COMPANIES IN ESTABLISHING AND PROMOTING THEIR BUSINESS BY FOSTERING BUSINESS RELATIONSHIPS BETWEEN MINORITY SUPPLIERS AND MAJOR PURCHASERS. false false 1379047 191550 Assistance to minorities in establishing and promoting their business. Financial assistance and business counseling was provided to members of the council. 1379047 true false false false false false false false false true false false false true true false true false false false false false false true false false false false true false false false false false false false false false false false false false true true true false false true 27 0 10 true false false false false false false false false false false false false X 18 17 false false false false false false false true true false false true true true true true true true true false CT X JOSE COLON 2032889744 157 CHURCH STREET 19TH FLOOR New Haven CT 06510 Peter F Hurst Jr President & CEO 40.0 0.0 X X 255000 0 46090 James Linehan Chairman 1.0 0.0 X X 0 0 0 Francisco Vasquez Director 1.0 0.0 X 0 0 0 Marc Hamm Director 1.0 0.0 X 0 0 0 April Cimorelli Director 1.0 0.0 X 0 0 0 Ruth Johnson Vice Chair 1.0 0.0 X X 0 0 0 Andreas Arnold Director 1.0 0.0 X 0 0 0 Arvin Chaudhary Director 1.0 0.0 X 0 0 0 Ramesh Wadhwani Director 1.0 0.0 X 0 0 0 Sean Cogdell Treasurer 1.0 0.0 X X 0 0 0 Monette Knapik Director 1.0 0.0 X 0 0 0 Inga Lee Puentes Director 1.0 0.0 X 0 0 0 Anthony Samuels Director 1.0 0.0 X 0 0 0 Jo-Ann Schlick Director 1.0 0.0 X 0 0 0 Michael White Director 1.0 0.0 X 0 0 0 Ramon Peralta Director 1.0 0.0 X 0 0 0 Jerry Epps Director 1.0 0.0 X 0 0 0 Saken Khokhar Director 1.0 0.0 X 0 0 0 255000 0 46090 1 false true false 0 1076490 781219 1857709 RECERTIFICATION AND CERTIFICATION FEES 191550 191550 191550 39914 39914 0 0 0 0 0 0 184050 73499 110551 0 0 0 0 0 0 OTHER INCOME 934 934 934 2200658 192484 39914 X 0 0 0 0 301090 210763 45164 45163 0 843278 721567 85727 35984 28218 17705 6280 4233 51161 9927 41234 95897 81257 9197 5443 0 0 18820 18820 0 0 7352 7352 0 8383 4111 4272 5688 3697 1138 853 0 0 17586 14580 1718 1288 38624 38624 0 0 0 0 890 579 178 133 12245 7959 2449 1837 CREDIT CARD FEES 13971 5309 8662 TELEPHONE AND INTERNET FEES 8815 5730 1763 1322 VEHICLE LEASE AND EXPENSES 11445 7439 2289 1717 PAYROLL FEES 15780 15780 278593 249800 28226 567 1757836 1379047 271587 107202 1010489 993866 86920 501939 0 0 196693 212422 0 0 0 0 0 0 0 0 15507 11721 40681 40681 890 0 710285 773748 0 0 0 0 0 0 13329 6999 2034113 2500695 32581 47572 0 0 210674 183053 0 0 0 0 0 0 0 0 0 0 28355 18825 271610 249450 X 1762503 2251245 0 0 1762503 2251245 2034113 2500695 442822 45920 X false true X true false X 617834 680135 1119172 1597171 1857709 5872021 0 0 617834 680135 1119172 1597171 1857709 5872021 0 5872021 26790 19329 13207 15942 39914 115182 0 0 5987203 0.98076 0.97964 X 40681 40681 0 0 0 OTHER LIABILITIES 11826 LEASE LIABILITY 6999 18825 X 2312725 45920 73499 119419 2193306 7352 7352 2200658 1823983 73499 73499 1750484 7352 7352 1757836 Part X, FIN 48 Footnote The Council is a nonprofit organization and is exempt from federal and state income taxes as a public charity under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The Council recognizes the benefits of income tax positions only if those positions are more likely than not of being sustained. The Council is subject to routine audits by the Internal Revenue Service. There are currently no audits for any tax periods in progress and the Council believes that it is no longer subject to audits for years prior to 2020. Part XI, Line 2d Portion of expenses dealing directly with fundraising events that have been included on Part VIII, Line 8b of Form 990. Part XII, Line 2d Portion of expenses dealing directly with fundraising events that have been included on Part VIII, Line 8b of Form 990. Golf 98040 98040 32211 Expo 86010 86010 41288 0 184050 184050 73499 73499 110551 X false false false false false false false false false Peter F Hurst Jr President & CEO 225000 30000 12750 33340 301090 Part VI, Line 11B A copy of the Form 990 is first given to the President & CEO and the Finance Director for review. A meeting is then scheduled with members of the Finance Committee for review. Questions, if any, are then presented to the outside CPA firm who prepared the return, for clarification. Upon receipt of satisfactory answers to all questions, the Form 990 is then approved and the outside CPA firm is instructed to finalize the return. Part VI, Line 12c During every board meeting, whenever the Board is engaged in discussion relating to activities conducted by the Organization (entering into a contract, hiring personnel, etc.) the issue of the existence of a conflict of interest is routinely considered. Part VI, Line 15A In determining the compensation for the Organization's Executive Director and Key Employees the organization's Board of Directors considers the following factors: Level of Education, Experience, Compensation paid by other similar organizations and the financial status of the Organization. The Board may also consult with an outside personnel agency. All discussions pertaining to decisions reached are documented. Part VI, Line 15B The Organization follows the same procedures for determining compensation for other Officers and Key Employees as it does for the CEO and other Top-Level Management. See the response for Part VI, Line 15a. Part VI, Line 19 Governing documents, conflict of interest policies, and financial statements are published on the organization's website and furnished upon request. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BANK SERVICE CHARGES TOTAL EXPENSES:1805 PROGRAM SERVICES:1173 MANAGEMENT AND GENERAL:361 FUNDRAISING:271 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:DUES AND SUBSCRIPTIONS TOTAL EXPENSES:6700 PROGRAM SERVICES:6700 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:POSTAGE TOTAL EXPENSES:2861 PROGRAM SERVICES:2579 MANAGEMENT AND GENERAL:181 FUNDRAISING:101 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:STORAGE EXPENSE TOTAL EXPENSES:2724 MANAGEMENT AND GENERAL:2724 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:CONSULTANTS TOTAL EXPENSES:223877 PROGRAM SERVICES:223877 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PRINTING TOTAL EXPENSES:348 MANAGEMENT AND GENERAL:153 FUNDRAISING:195 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:19500 MANAGEMENT AND GENERAL:19500 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:20545 PROGRAM SERVICES:15471 MANAGEMENT AND GENERAL:5074 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MEETINGS TOTAL EXPENSES:233 MANAGEMENT AND GENERAL:233 GNEMSDC Massachusetts Advisors Inc 101 Huntington Avenue Boston MA 02199 812126453 Consulting MA 501(c)(3) true false false true false false false false false false false false false false false false false false false GNEMSDC Massachusetts Advisors Inc 1c 85000 FMV