NonprofitsMinority Business Development Institute Inc

Community Improvement & Capacity Building

Minority Business Development Institute Inc

PRINCETON JUNCTION, NJ

Total revenue

$1.3M

Total expenses

$773K

Net assets

$272K

Grants received

$35K

4 grants

EIN

273245080

Tax year

2023

Mission

Through education and advocacy, the minority business institute mission is to assist the minority contractor population to develop socio-economic parity by addressing business issues that create barriers to success.

Financials

FY 2023

Revenue

Contributions & grants$748K
Program service revenue$414K
Investment income
Other revenue$169K
Total revenue$1.3M

Expenses

Grants paid
Salaries & benefits$451K
Fundraising$143K
Other expenses$323K
Total expenses$773K
Total assets$397K
Net assets$272K

People

14 listed

NameRoleCompensation

DAVID CAYEMITTE

CEO

Board

$150K

40 hrs/wk

LIZ DUNCAN-GILMOUR

EXECUTIVE DI

Board

$50K

40 hrs/wk

TODD MIDDLEBROOK

EXECUTIVE DI

Board

$50K

40 hrs/wk

CHRISTOPHER BLACK

MEMBER AT LA

Board

2 hrs/wk

KATE BOLDUC

MEMBER AT LA

Board

2 hrs/wk

JACK CALLAHAN

TREASURER

Board

2 hrs/wk

ROHAN DEFREITAS

MEMBER AT LA

Board

2 hrs/wk

JOSEPH JINGOLI

MEMBER AT LA

Board

2 hrs/wk

JEFFREY LATTMANN

VICE CHAIR

Board

2 hrs/wk

ANDRE O'REGGIO

CHAIR

Board

2 hrs/wk

RALPH PULVER

MEMBER AT LA

Board

2 hrs/wk

LISA TEPPER

MEMBER AT LA

Board

2 hrs/wk

KENNETH THEOBALDS

MEMBER AT LA

Board

2 hrs/wk

DENISE THOMPSON

MEMBER AT LA

Board

2 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$20K
For grant recipient's exempt purposes
2023
$5K
PUBLIC, SOCIETAL BENEFIT
2023
$5K
Matching Gifts
2023
$5K
Matching Gifts
2022

Funded by

$35K from 3 funders · 4 grants · 2022–2023

Chubb Charitable Foundation

$10K · 2 grants · 2022–2023

Details

EIN273245080
NTEE codeS30
Subsection03
Ruling date2010-12
Formed2010
Employees7
MINORITY BUSINESS DEVELOPMENT INSTITUTE INC — Mission, Financials & Grants Received | Grantivo