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Minority Business Development Institute Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.33M (2024)

Expenses
$773k (2024)

Total Assets
$397k (2024)

Total Liabilities
$125k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,330,830
Expenses
$773,349
Net Income
$557,481
Net Assets
$271,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $747,500
56.2%
Program Services $414,493
31.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $168,837
12.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $250,000
32.3%
Professional Fundraising Fees $0
Other Salaries and Wages $165,285
21.4%
Assets/Debt
Total Assets $396,881
Total Liabilities $125,025
Net Assets $271,856
Compensation
Key Employees and Officers Compensation Related Other
David Cayemitte (Ceo) $150,000 $0 $0
Liz Duncan Gilmour (Executive Di) $50,000 $0 $0
Todd Middlebrook (Executive Di) $50,000 $0 $0
Christopher Black (Member At La) $0 $0 $0
Kate Bolduc (Member At La) $0 $0 $0
Jack Callahan (Treasurer) $0 $0 $0
Rohan Defreitas (Member At La) $0 $0 $0
Joseph Jingoli (Member At La) $0 $0 $0
Jeffrey Lattmann (Vice Chair) $0 $0 $0
Andre O'reggio (Chair) $0 $0 $0
Ralph Pulver (Member At La) $0 $0 $0
Lisa Tepper (Member At La) $0 $0 $0
Kenneth Theobalds (Member At La) $0 $0 $0
Denise Thompson (Member At La) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$659,592
Expenses
$584,260
Net Income
$75,332
Net Assets
-$285,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $510,788
77.4%
Program Services $148,804
22.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $200,000
34.2%
Professional Fundraising Fees $0
Other Salaries and Wages $83,147
14.2%
Assets/Debt
Total Assets $135,940
Total Liabilities $421,565
Net Assets -$285,625
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
David Cavemitte (Ceo) $150,000 $0 $0
Liz Duncan Gilmour (Executive Di) $50,000 $0 $0
Christopher Black (Member At La) $0 $0 $0
Kate Bolduc (Member At La) $0 $0 $0
Jack Callahan (Treasurer) $0 $0 $0
Rohan Defreitas (Member At La) $0 $0 $0
Joseph Jingoli (Member At La) $0 $0 $0
Jeffrey Lattmann (Vice Chair) $0 $0 $0
Andre O'reggio (Chair) $0 $0 $0
Ralph Pulver (Member At La) $0 $0 $0
Lisa Tepper (Member At La) $0 $0 $0
Kenneth Theobalds (Member At La) $0 $0 $0
Denise Thompson (Member At La) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,000
Expenses
$29,958
Net Income
-$12,958
Net Assets
-$360,957
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,209
Total Liabilities $363,166
Net Assets -$360,957
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (Chair) $0 $0 $0
Jeffrey Lattmann (Vice Chair) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Christopher Black (Member At Large) $0 $0 $0
Rohan Defreitas (Member At Large) $0 $0 $0
Lisa Tepper (Member At Large) $0 $0 $0
Kenneth Theobalds (Member At Large) $0 $0 $0
Denise Thompson (Member At Large) $0 $0 $0
Kate Bolduc (Member At Large) $0 $0 $0
Joseph Jingoli (Member At Large) $0 $0 $0
Ralph Pulver (Member At Large) $0 $0 $0
David Cayemitte (Ceo) $0 $0 $0
Liz Duncan Gilmour (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,000
Expenses
$22,398
Net Income
-$19,398
Net Assets
-$347,999
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $335
Total Liabilities $348,334
Net Assets -$347,999
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (President) $0 $0 $0
Jeffrey Lattmann (V.President) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
David Cayemitte (Ceo) $0 $0 $0
Liz Duncan Gilmour (Executive Director) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0
Rohan Defreitas (Board Member) $0 $0 $0
Lisa Tepper (Board Member) $0 $0 $0
Kenneth Theobalds (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,661
Expenses
$95,721
Net Income
-$73,060
Net Assets
-$328,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,661
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $44,179
46.2%
Assets/Debt
Total Assets $3,249
Total Liabilities $331,850
Net Assets -$328,601
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
David Cayemitte (Ceo) $23,722 $0 $0
Liz Duncan Gilmour (Executive Director) $16,400 $0 $0
Andre O'reggio (President) $0 $0 $0
Jeffrey Lattmann (V.President) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Kenneth Theobalds (Board Member) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0
Lisa Tepper (Board Member) $0 $0 $0
Rohan Defreitas (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$191,279
Expenses
$97,850
Net Income
$93,429
Net Assets
-$258,497
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,573
0.8%
Program Services $186,606
97.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,100
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,180
1.2%
Assets/Debt
Total Assets $7,576
Total Liabilities $266,073
Net Assets -$258,497
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (President) $0 $0 $0
Jeffrey Lattmann (V.President) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Kenneth Theobalds (Board Member) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0
Lisa Tepper (Board Member) $0 $0 $0
Rohan Defreitas (Board Member) $0 $0 $0
David Cayemitte (Ceo) $0 $0 $0
Liz Duncan Gilmour (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,691
Expenses
$28,531
Net Income
-$6,840
Net Assets
-$333,982
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,306
6.0%
Program Services $20,385
94.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,623
9.2%
Assets/Debt
Total Assets $1,494
Total Liabilities $335,476
Net Assets -$333,982
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (Chair) $0 $0 $0
Jeffrey Lattmann (Vice Chair) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Kenneth Theobalds (Board Member) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0
Lisa Tepper (Board Member) $0 $0 $0
David Cayemitte (Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50,750
Expenses
$75,945
Net Income
-$25,195
Net Assets
-$327,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $50,750
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $12,590
16.6%
Professional Fundraising Fees $0
Other Salaries and Wages $6,883
9.1%
Assets/Debt
Total Assets $4,354
Total Liabilities $331,496
Net Assets -$327,142
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (President) $0 $0 $0
Jeffrey Lattmann (Board Member) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Kenneth Theobalds (Board Member) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,864
Expenses
$234,160
Net Income
-$24,296
Net Assets
-$313,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,428
5.4%
Program Services $198,375
94.5%
Investment Income $61
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $42,400
18.1%
Professional Fundraising Fees $0
Other Salaries and Wages $98,102
41.9%
Assets/Debt
Total Assets $13,039
Total Liabilities $326,696
Net Assets -$313,657
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (President) $0 $0 $0
Jeffrey Lattmann (Board Member) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Kenneth Theobalds (Board Member) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$241,635
Expenses
$380,576
Net Income
-$138,941
Net Assets
-$289,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,236
2.2%
Program Services $236,399
97.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $69,810
18.3%
Professional Fundraising Fees $0
Other Salaries and Wages $136,521
35.9%
Assets/Debt
Total Assets $78,649
Total Liabilities $368,010
Net Assets -$289,361
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (President) $0 $0 $0
Jeffrey Lattmann (Board Member) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Kenneth Theobalds (Board Member) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$367,954
Expenses
$469,849
Net Income
-$101,895
Net Assets
-$150,420
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,230
28.3%
Program Services $263,724
71.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $65,770
14.0%
Professional Fundraising Fees $0
Other Salaries and Wages $188,998
40.2%
Assets/Debt
Total Assets $75,254
Total Liabilities $225,674
Net Assets -$150,420
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andre O'reggio (President) $0 $0 $0
Alan Hanson (Vice President) $0 $0 $0
Jack A Callahan (Treasurer) $0 $0 $0
Jacqueline Hill (Secretary) $0 $0 $0
Christopher Black (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$319,175
Expenses
$312,942
Net Income
$6,233
Net Assets
-$47,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $130,175
40.8%
Program Services $189,000
59.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,500
19.7%
Professional Fundraising Fees $0
Other Salaries and Wages $122,156
39.0%
Assets/Debt
Total Assets $112,214
Total Liabilities $159,239
Net Assets -$47,025

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$1,920
Expenses
$63,275
Net Income
-$61,355
Net Assets
-$81,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,920
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $81,322
Net Assets -$81,321

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$19,967
Net Income
-$19,967
Net Assets
-$19,966
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $19,967
Net Assets -$19,966

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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