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D/FW MSDC Board of Directors Meeting Book

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Published by andrew, 2019-12-09 17:43:59

D/FW MSDC Board of Directors Meeting Book

D/FW MSDC Board of Directors Meeting Book

Meaningful Connections
Impactful Growth

8828 N. Stemmons Freeway, Suite 550 | Dallas, Texas 75247
www.dfwmsdc.com | [email protected]

The mission of Dallas/Fort Worth Minority Supplier Development Council (D/FW MSDC) is
to encourage and facilitate procurement and business opportunities between Buying
Entities and Certified Minority Business Enterprises (MBEs).

D/FW MSDC
Board of Directors

Meeting

December 10, 2019
Time: 4:00 p.m.

CONFIDENTIAL

Confidentiality Notice: This message and all attachments
may contain privileged and confidential information intended
only for the person or entity to which it is addressed. Any
review, retransmission, dissemination, copy or other use of,
or taking of any action in reliance upon this information by
persons or entities other than the intended recipient is
prohibited. if you received this message in error, please notify
the sender immediately by e-mail, facsimile or telephone and
thereafter delete the material form your computer. Any view
expressed in this message are those of the individual sender,
except where the sender specifically states them to be the
view of the entity transmitting the message. The D/FW MSDC
, Inc. accepts no liability with respect to the unauthorized use
of its email facility or the sending of email communications for
other than strictly business purposes.





12/9/2019 4:00 PM | Council Offices| DECEMBER BOARD MEETING

Board Members

John Lozano*| Margo Posey*| Bonnie Clinton *| |Rob Simpson*| Monica Menzel *|Eric Imrie* | Betty Manetta*| Terri
Quinton*| Don McNeely* |Rhonda England | Lisa Hanlon | Heather Herndon-Wright |Cynthia Joseph-Keller | Rachel
Kutz | Kallie Malmgren | Kent McNorton| Clifton Miller | Evelyn Molina | Jeni Rajbhandari | Silvana Rosero |David
Sanchez | Greg Spoon | Lori Sinn | Stanley Tee | Miya Maysent

Call to Order John

Opening Remarks

Voting Agenda Eric and James
 November Financials Monica
 November Minutes Rob
 Certification
i. Approvals

Reports

 ISCWG
 MBEIC
 Mentoring Experience
 Nominating Committee

Brags
President’s Report

• Narrative, Calendar, Council at Work, Council Update, NMSDC

Old Business
Adjourn

8828 N. Stemmons Freeway *Suite 550 * Dallas, TX 75247* Phone: (214) 630-0747*Fax: 214-637-2241*www.dfwmsdc.com

The Mission of the Dallas / Fort Worth Minority Supplier Development Council (D/FW MSDC) is to encourage and facilitate
procurement and business opportunities between Buying Entities and Certified Minority Business Enterprises (MBEs).

October 25, 2019

In Attendance PRESENT/ PHONE/ ABSENT

John Lozano Rachel Kutz Silvana Rosero
Margo J. Posey Bonnie Clinton David Sanchez
Rob Simpson Miya Maysent Jeni Rajbhandari
Monica Menzel Lisa Hanlon Greg Spoon
Eric Imrie Heather Herndon-Wright Stanley Tee
Betty Manetta Cynthia Joseph-Keller Evelyn Molina
Terri Quinton Kent McNorton Lori Sinn
Don McKneely Clifton Miller Kallie Malmgren

LOCATION/TIME

• Meeting was held at the Council Offices. Meeting started at 7:35 a.m.

MINUTES

• Minutes were reviewed by Monica Menzel. Ms. Terri Quinton made motion to accept the minutes and Betty Manetta
seconded the motion; Motion carried.

FINANCIALS

• Mr. James Estes reviewed the financials. Mr. Estes informed the Board that the revenue for the YTD period ending
Sept was $540.7K against a budget of $422.9K. The Expenses actuals were $706K against a budget of $731.8K.

• Ms. Monica Menzel made a motion to accept financials and Ms. Bonnie Clinton seconded. Motion carried.

CERTIFICATIONS

• Mr. Rob Simpson presented current certification statistics.
• The Certification committee recommends 18 new certification and 49 recertifications. 8 out of region: 5 are new and

3 are renewing. Recertification cycle time is 3.1 business days, New certification is 17.2 business days. Both cycle
times are top of class across other councils.
• Heather Herndon-Wright made a motion to accept certifications and Greg Spoon seconded the motion. Motion
carried.

CONSENT AGENDA/REPORTS.

• Inclusive Supply Chain Working group: Clif Miller reviewed the board report highlighting possibly cyber-security as
a topic.

• Ms. Betty Manetta review recent event included in Board deck (joint event with 49 members attending)
• Monica Menzel provided update on Nominating committee activities, including opening of nomination process for 2

MBE positions: 1 At-Large and 1 Asian American seat. 7 candidates responded.

BRAGS

• Clif Miller stated that Margo Posey was recently recognized by Asian American Association of Texas

• Betty Manetta recognized Terri Quinton and Rachel Kutz at the recent Kellog event
• Terri Quinton recognized Heather Herndon-Wright for begin added to NMSDC board
• Silvana recognized Monica Menzel as newly added member of DFW Hispanic 100
• Heather recognized Silvana Rosero for Latino Living legend event
• Margo recognized Texas Instruments for best performing company award
• Margo also recognized Terri for NMSDC awards program.
• Margo also recognized staff for recent accomplishments
• Silvana recognized Grace Hastings for received corporate leader award representing Oncor

PRESIDENT’S REPORT

• Ms. Posey reminded board that E awards is at the Hyatt. Margo reviewed logistics and deadlines.
o Ads need to be received by November 1
o Signature corporate sponsor is DFW Airport and on the MBE side Rose international
o Video will be shared on the Mentoring Experience.
o Council is in process of trademarking the Mentoring Experience process

STRATEGIC IMPERATIVES

No Update
.

NEW BUSINESS/OLD BUSINESS

Nothing to report

CLOSING REMARKS

• The meeting was adjourned at 9:05 a.m.

Page 2

DFW Minority Supplier Development Council, Inc
Statement of Revenue and Expenses

For the One Month Ended November 30, 2019

ACTUAL BUDGET VARIANCE NUMBER
TO

BUDGET
FAV/(UNFAV)

REVENUE: 3,750 - 3,750 1
Corporate Memberships - New - - - 3
Corporate Memberships- Renewal 250
Interest Income 653 12,125 403
NMSDC National Dues 43,109 - 30,984
NMSDC National Performance BONUS 23,000
MBE Certification Fees-Renewals-Local - 4,000 -
MBE Certification Fees-New-Local 13,470 - (9,530)
MBE Out of Region Subscriber Fees-Renewal 2,000
MBE Out of Region Subscriber Fees-New 4,870 - 870
Expedite Fees 400 400
Education Scholarship (200)
Donation 1,800
Uncategorized -
68,052 41,375 -
TOTAL REVENUE -
-
EXPENSES: 26,677
NMSDC Functions
Software Maintenance 368 (368)
Certification -
Marketing 5,054 - -
Technology 1,391 - -
Office Expense 7,084 -
Catering Service 473 727
MBDA Office Catering 667 2,030
Printing 1,163 - (664)
Telecommunication 1,107 1,667 194
Credit Card Processing 1,042 -
Board Installation 4,792 - 504
Cartage/Delivery 6,429 30 (65)
Outsourcing 1,090 4,792 -
Lease-Office Space 6,429 30
Lease-Equipment/Other 2,084 -
Education Scholarship -
Training 2,685 6,417 994
Insurance/Taxes 4,530 1,667 -
Professional Fees 44,716 -
Temporary Services - 77,322
Salary 39,530 (2,685)
68,612 1,887
TOTAL EXPENSES 1,667
(560) (35,947) 5,186
NET CURRENT YEAR REVENUE/(LOSS) 8,710
22,530 77,500
TOTAL SPECIAL EVENTS REVENUE/(LOSS) 35,387
21,970 41,553
TOTAL CURRENT MONTH NET REVENUE/(LOSS) (54,970)

(19,583)

James Earl Estes
12/9/2019
4:28 PM

DFW Minority Supplier Development Council, Inc
Statement of Prior Year Revenue and Expenses
For the One Month Ended November 30, 2019

ACTUAL BUDGET VARIANCE
TO

BUDGET
FAV/(UNFAV)

TOTAL CURRENT YEAR NET REVENUE/(LOSS) 21,970 41,553 (19,583)

PRIOR YEAR PAYMENTS - - -
Prior Year Revenue - - -
Prior Year Expense
- - -
TOTAL PRIOR YEAR INCOME/(LOSS)
21,970 41,553 (19,583)
TOTAL NET REVENUE

Notes:

JEstes
12/9/2019

4:28 PM

DFW Minority Supplier Development Council, Inc
Statement of Revenue and Expenses

For the Eleven Months Ended November 30, 2019

VARIANCE 2019 2018
TO
ACTUAL BUDGET NUMBER NUMBER
BUDGET
FAV/(UNFAV)

REVENUE: 22,250 22,500 (250) 42 39
Corporate Memberships - New 139,000 104,877 34,123 29 17
Corporate Memberships- Renewal
Interest Income 4,602 2,241 2,361
NMSDC National Dues 150,879 97,000 53,879
NMSDC National Performance BONUS 45,804
MBE Certification Fees-Renewals-Local 45,804 - 72,866
MBE Certification Fees-New-Local 213,866 141,000 11,893
MBE Out of Region Subscriber Fees-Renewal
MBE Out of Region Subscriber Fees-New 43,393 31,500 7,750
Expedite Fees 21,150 13,400 6,700
Education Scholarship 14,300 3,150
Donation 7,600
Uncategorized 5,950 2,800 -
-
TOTAL REVENUE 4,343 422,918 4,343
665,537 242,619

EXPENSES: 23,998 24,510 512
NMSDC Functions 2,046
15,000 -
NMSDC Town Hall 15,000 -
Software Maintenance - 120 -
Certification -
Marketing 120 85,167 (3,098)
Technology - 6,681 (399)
Office Expense 6,670 2,853
Catering Service 88,265 -
MBDA Office Catering 7,080 14,999 4,643
Printing 3,817 9,984 (1,504)
Telecommunication 4,500 1,393
Credit Card Processing 10,356 90 90
Board Installation 11,488 (4,791)
Cartage/Delivery 47,917 (6,429)
Outsourcing 3,107 64,290 889
Lease-Office Space 19,086 -
Lease-Equipment/Other 52,708 -
Education Scholarship 70,719 (2,557)
Training 18,197 (1,911)
Insurance/Taxes (29)
Professional Fees 12,557 10,000 (2,280)
Temporary Services 66,081 64,170 (12,618)
Salary 20,029 20,000
445,086 442,806
TOTAL EXPENSES 850,654 835,990

NET CURRENT YEAR REVENUE/(LOSS) (185,117) (413,072) 227,955

TOTAL SPECIAL EVENTS REVENUE/(LOSS) 334,355 307,000 27,355

TOTAL CURRENT MONTH NET REVENUE/(LOSS) 149,238 (106,072) 255,310

JEstes
12/9/2019

4:28 PM

DFW Minority Supplier Development Council, Inc
Statement of Prior Year Revenue and Expenses
For the Eleven Months Ended November 30, 2019

ACTUAL BUDGET VARIANCE
TO

BUDGET
FAV/(UNFAV)

TOTAL CURRENT YEAR NET REVENUE/(LOSS) 149,238 (106,072) 255,310
PRIOR YEAR PAYMENTS
Prior Year Revenue 35,555 - 35,555
Prior Year Expense 16,970 - 16,970

TOTAL PRIOR YEAR INCOME/(LOSS) 18,585 - -
TOTAL NET REVENUE 167,823 (106,072)
18,585

273,895

Notes:

JEstes
12/9/2019

4:28 PM

DFW Minority Supplier Development Council, Inc
Statement of Revenue and Expenses
Full Year Projection
As of November 30, 2019

ACTUAL FULL YEAR 2019 VARIANCE
YTD FORECAST APPROVED BUDGET

November 30, 2019 BUDGET TO
FORECAST
REVENUE: 22,250 30,000 37,500 FAV/(UNFAV)
Corporate Memberships - New 139,000 189,255 189,255
Corporate Memberships- Renewal (7,500)
Interest Income 4,602 3,949 2,993 -
NMSDC National Dues 150,879 125,000 145,500
NMSDC National Performance BONUS 956
MBE Certification Fees - Renewal-Local 45,804 256,500 256,500 (20,500)
MBE Certification Fees - New-Local 213,866 51,300 51,300
MBE Subscriber Fees-Renewal 21,000 21,000 -
MBE Subscriber Fees-New 43,393 12,500 7,500 -
Education Scholarship 21,150 - - -
Expedite Fees 14,300 5,950 2,800 -
Donation, Marketing Contributions 5,000
Uncategorized - 695,454 714,348 -
5,950 3,150
TOTAL REVENUE -
-
4,343 (18,894)
665,537

EXPENSES 23,998 28,100 28,100 -
NMSDC Functions 2,046 2,046
120 2,000 2,000 -
NMSDC Town Hall 0 1,700 1,700 -
Marketing 15,000 -
Technology 15,000 15,000 1,000 -
Software Maintenance 0 1,000 85,000 -
Training 20,000 -
Office Expense 88,265 85,000 9,000 -
Telecommunication 10,356 20,000 8,000 -
Catering Service 4,500 -
MBDA Office Catering 7,080 9,000 12,500 -
Board Installation 3,817 8,000 -
Credit Card Processing 3,107 4,500 300 -
Cartage/Delivery 11,488 12,500 57,500 -
Outsourcing 77,148 -
Lease-Office Space 0 300 25,000 -
Lease-Equipment/Other 52,708 57,500 25,000 -
Education Scholarship 70,719 77,148 16,000 -
Insurance/Taxes 18,197 25,000 77,000 -
Professional Fees 25,000 20,000 -
Temporary Services 0 16,000 536,600 (2,046)
Salary 12,557 77,000 1,021,348
66,081 20,000
TOTAL EXPENSES 20,029 536,600
445,086 1,023,394
850,654

NET CURRENT YEAR REVENUE/(LOSS) (185,117) (327,940) (307,000) (20,940)

TOTAL SPECIAL EVENTS REVENUE/(LOSS) 334,355 307,000 307,000 -
TOTAL CURRENT YEAR NET REVENUE/(LOSS) 149,238 (20,940) - (20,940)

PRIOR YEAR PAYMENTS 35,555 - - -
Prior Year Revenue 16,970 - - -
Prior Year Expense 18,585

TOTAL PRIOR YEAR REVENUE/(LOSS)

TOTAL NET REVENUE 167,823 (20,940) - (20,940)

JEstes
12/9/2019

4:28 PM

DFW Minority Supplier Development Council, Inc
Balance Sheet

at November 30, 2019

As of As of As of
11/30/2019 12/31/2018 12/31/2017

ASSETS 25,845 25,845 25,845
110,181 109,772 108,626
CURRENT: 13,956
CASH-SPECIAL-BANK OF TEXAS 414,252 (454) 31,975
INVESTMENT/BANK OF TEXAS 202,458 410,803 440,727
CASH-OPERATING-BANK OF TEXAS 202,231 201,928
CASH-SWEEP-BANK OF TEXAS 24,525
CASH-COMERICA BANK MONEY MARKET 155,825 24,525 24,525
CASH-COMERICA BANK CHECKING 154,434 25,202
CASH-GREEN BANK MONEY MARKET 0 127,947
INVESTMENT-GREEN BANK 53,197 - 53,197
CASH -REGIONS BANK 81,408 53,197 81,408
INVESTMENT-REGIONS BANK 71,867 81,408 72,215
CASH-CHASE CHECKING 12,541 71,982 12,541
CASH-CHASE CHECKING II 27,335 12,541 26,698
CASH-PLAINSCAPITAL BANK MONEY MARKET 43,992 77,209
CASH-CAPITALONE-CHECKING 50,235 -
CASH-CAPITALONE-SAVING - -
INVESTMENT-PLAINSCAPITAL BANK 0 - 50,000
PETTY CASH 150 - 150
ACCOUNTS RECEIVABLE-MBDA 150 -
ACCOUNTS RECEIVABLE 0 15,931 49,400
63,079 70,450 1,332,384
DEPOSIT-2016 BTTBU BREAKFAST 1,350,846 1,310,024
DEPOSIT-2016 HARD HAT 1,292
DEPOSIT-2020 GOLF AND TENNIS 2,673 - 7,680
DEPOSIT 2019 ACCESS 0 - 4,237
DEPOSIT-2019 TOP GOLF (APRIL AND AUGUST) -
DEPOSIT-2019 HARD HAT 3,906 1,000 -
PREPAID EXPENSES-TOWER CLUB 0 7,811
PREPAID EXPENSES 7,284 1,345,593

- 10,000
-
TOTAL CURRENT ASSETS 1,357,425 1,318,835 -
-
FIXED ASSETS: 48,796 48,796 -
SOFTWARE-CSC -
EQUIPMENT & FURNITURE PRE-1991 65,810 - 65,012
EQUIPMENT & FURNITURE -1999 65,448 - 15,150
EQUIPMENT, FURNITURE, & FIXTURE-POST 1999 (66,797) -
FURNITURE & FIXTURES 2011 113,257 -
FURNITURE & FIXTURES 1,470,682 65,812 (66,797)
EQUIPMENT & COMPUTERS 36,561 23,365
COMPUTER EQUIPMENT 2014
LESS: ACCUMULATED DEPRECIATION - 1,368,958
(66,797)
TOTAL ASSETS 84,372 123,727
21,787
1,403,207
1,130,287
LIABLITIES & FUND BALANCE 298,221 226,818 93,157
56,813 62,404
LIABILITIES 1,368,958
1,003,788 1,138,100
PREPAID FEES/DUES 111,860 (24,115) 1,368,958
ACCOUNTS PAYABLE
1,470,682 1,403,207
FUND BALANCE:
BEGINNING FUND BALANCE 1,470,682 1,403,207
NET REVENUE/(LOSS)

TOTAL LIABILITIES & FUND BALANCE

Footnotes:

James Earl Estes
Date

4:28 PM]

DFW Minority Supplier Development Council, Inc
Statement of Special Event Funds
11/30/19

For the One Month Ended November 30, 2019 Golf & QUARTERLY Fort Supplier MINI
Tennis BUYERS Meeting
Funds Received Classic Annual BTTBU BTTBU Worth Diversity Sponsor Top
Event fees Meeting LUNCHEON Breakfast Scholarship Golf
Grants Awards Banquet Hard Hat MBEIC ACCESS Exchange Sessions Total
Discount Packages -
Accounts Receivable 80,701.00 - 80,701.00
-
Total funds received 26,350.00
Disbursements 26,350.00
Event expense 107,051.00 - -- - -- - ---- -
84,521.00 --
Total disbursements 84,521.00 - -- - -- - --
Excess Funds Over - -- - -- - ---- 107,051.00
22,530.00 -
Disbursements
84,521.00
--

84,521.00

- 22,530.00

JEstes
12/9/2019

4:28 PM

DFW Minority Supplier Development Council, Inc
Statement of Special Event Funds
11/30/19

For the Eleven Month Ended November 30, 2019

Golf & QUARTERLY MBDA
Tennis BUYERS
Classic Annual BTTBU BTTBU Top (4/1/2019-
Meeting LUNCHEON Breakfast Scholarship
Awards Banquet Hard Hat MBEIC ACCESS Golf Total 10/31/2019

Funds Received 120,250.00 22,450.00 55,637.00 925.00 6,388.00 13,290.00 156,239.00 5,662.00 380,841.00 -
Event fees - 185,000.00
Grants 119,137.00 9,400.00 17,150.00 5,500.00 4,500.00 47,400.00 5,662.00
Discount Packages 34,985.00 2,200.00 - 57,679.00 7,811.00 203,087.00 -
Accounts Receivable 7,811.00 94,864.00
274,372.00 34,050.00 72,787.00 - 925.00 6,388.00 5,500.00 17,790.00 261,318.00 -- -
Total funds received 117,461.00 20,992.00 20,972.00 513.00 22,308.00 10,272.00 17,790.00 126,318.00 185,000.00
Disbursements 678,792.00
Event expense 117,461.00 20,992.00 20,972.00 - 513.00 22,308.00 10,272.00 17,790.00 126,318.00 - -
194,435.00
Total disbursements 344,437.00
-- --
Excess Funds Over 194,435.00
Disbursements 344,437.00

YTD Budget 156,911.00 13,058.00 51,815.00 - 412.00 (15,920.00) (4,772.00) - 135,000.00 (2,149.00) 334,355.00 (9,435.00)
115,000.00 12,000.00 50,000.00
YTD Favorable (Unfavorable) (500.00) (8,000.00) (1500.00) 135,000.00 5,000.00 307,000.00
41,911.00 1,058.00 1,815.00
2019 FORECAST 115,000.00 15,918.00 51,815.00 -
115,000.00 12,000.00 50,000.00
2019 ORIGINAL BUDGET (500.00) (8,000.00) (1500.00) 135,000.00 5,000.00 312,733.00
(500.00) (8,000.00) (1500.00)
135,000.00 5,000.00 307,000.00

JEstes
12/9/2019

4:28 PM

Dallas/Fort Worth Minority Supplier Development Council, Inc
List of Financial Institutions
2019

11/30/2019 MATURITY DATE CD/ACCT # APY
25,845 ONGOING
CASH-SPECIAL-BANK OF TEXAS - 8286858859 2.20%
INVESTMENT-BANK OF TEXAS 10,159
CASH-OPERATING-BANK OF TEXAS
CASH-SWEEP-BANK OF TEXAS 521,854
557,858
CASH-COMERICA BANK MONEY MARKET 202,484
CASH-COMERICA BANK CHECKING
INVESTMENT-COMERICA BANK 24,525
-
CASH-CHASE CHECKING
CASH-CHASE CHECKING II 227,009
71,868
INVESTMENT/REGIONS BANK 12,541
CASH-BUSINESS MONEY MARKET 84,409
CASH -REGIONS BANK 50,241
31,167
CASH-PLAINSCAPITAL BANK MONEY MARKET 53,197

CASH-GREEN BANK MONEY MARKET 134,605
27,347
CASH -CAPITALONE CHECKING 27,347
CASH-CAPITALONE SAVINGS
155,984
155,984

43,992
50,235
94,227

1,281,439

Dallas/Fort Worth Minority Supplier Development Council, Inc
Receivables Average DOS Report
2019

Name Amount 1-30 2019 61-90 91-120 121-Over
2019 ACCESS 57,679.00 0.00 0.00 0.00 57,679.00
2019 GOLF AND TENNIS 0.00 31-60 0.00 0.00
2019 E AWARDS 2,200.00 0.00 0.00 2,200.00 0.00
34,985.00 34,985.00 0.00 0.00 0.00 57,679.00
94,864.00 34,985.00 0.00
0.00 2,200.00

DFW Minority Supplier De
Statement of Reven
Full Year P
As of Decemb

ACTUAL PROJ
YTD 12/3

November 30, 2019

REVENUE: 22,250
Corporate Memberships - New 139,000
Corporate Memberships- Renewal
Interest Income 4,602
NMSDC National Dues 150,879
NMSDC National Performance BONUS
MBE Certification Fees - Renewal-Local 45,804
MBE Certification Fees - New-Local 213,866
MBE Subscriber Fees-Renewal
MBE Subscriber Fees-New 43,393
Education Scholarship 21,150
Expedite Fees 14,300
Donation, Marketing Contributions
Uncategorized -
5,950
TOTAL REVENUE
-
EXPENSES 4,343
NMSDC Functions 665,537

NMSDC Town Hall 23,998
Marketing 2,046
Technology 120
Software Maintenance 0
Training
Office Expense 15,000
Telecommunication 0
Catering Service
MBDA Office Catering 88,265
Board Installation 10,356
Credit Card Processing
Cartage/Delivery 7,080
Outsourcing 3,817
Lease-Office Space 3,107
Lease-Equipment/Other 11,488
Education Scholarship
0
52,708
70,719
18,197

0

evelopment Council, Inc
nue and Expenses
Projection
ber 31, 2019

JECTED TOTAL FULL YEAR 2019 VARIANCE
1/2019 YTD FORECAST APPROVED BUDGET

12/31/2019 BUDGET TO
FORECAST
FAV/(UNFAV)

12,125 22,250 30,000 37,500 (7,500)
- 139,000 189,255 189,255 -

12,125 4,602 3,949 2,993 956
163,004 125,000 145,500 (20,500)

45,804 256,500 256,500 -
213,866 51,300 51,300 -
21,000 21,000 -
43,393 12,500 7,500 -
21,150 - - 5,000
14,300 5,950 2,800 -
3,150
- 695,454 -
5,950
714,348 (18,894)
-
4,343
677,662

0 23,998 28,100 28,100 -
0 2,046 2,046
0 120 2,000 2,000 -
0 - 1,700 1,700 -
0 15,000 -
0 15,000 15,000 1,000 -
- 1,000 85,000 -
4,792 20,000 -
6,429 88,265 85,000 9,000 -
1,200 10,356 20,000 8,000 -
4,500 -
0 7,080 9,000 12,500 -
3,817 8,000 -
3,107 4,500 300 -
11,488 12,500 57,500 -
77,148 -
- 300 25,000 -
57,500 57,500 25,000
77,148 77,148
19,397 25,000
25,000
-

Insurance/Taxes 12,557 12,421 12,557 16,000 16,000 -
Professional Fees 66,081 66,081 77,000 77,000 -
Temporary Services 20,029 (296) 20,029 20,000 20,000 -
Salary 445,086 445,086 536,600 536,600 -
850,654 334,355 863,075 1,023,394 1,021,348 (2,046)
TOTAL EXPENSES 334,059
(185,117) (185,413) (327,940) (307,000) (20,940)
NET CURRENT YEAR REVENUE/(LOSS)
334,355 (185,413) 307,000 307,000 -
TOTAL SPECIAL EVENTS REVENUE/(LOSS) 149,238 (20,940) - (20,940)
TOTAL CURRENT YEAR NET REVENUE/(LOSS) 35,555 71,110
35,555 16,970 33,940 - - -
PRIOR YEAR PAYMENTS 16,970 18,585 37,170
Prior Year Revenue 18,585 - - -
Prior Year Expense 352,644 (148,243)
167,823 (20,940) - (20,940)
TOTAL PRIOR YEAR REVENUE/(LOSS)

TOTAL NET REVENUE























Unrestricted Content

November 24, 2019

TO: Margo J. Possey, President/CEO, D/FW MSDC

TO: Bonnie Clinton, 1st Vice Chair, General Manager, Toyota Shared Services
Indirect Procurement,

Ms. Posey and Ms. Clinton,

Regretfully, after many years as a board member, my current assignment and travel
commitments no longer allow for the personal engagement and involvement
required of a Council Board Member.
Effective immediately, I submit my resignation and voting privileges as the
Raytheon representative on the DF/W MSDC Board of Directors.
After consultation with senior supply chain leadership at Raytheon, please accept
for consideration and board approval Ms. Suzanne Maddux, Space and Airborne
System’s Supply Chain Director of Operations as the Raytheon representative on
the Board.
It has been a privilege and honor to serve the board and council and you have my
commitment to serve as opportunities allow.

Respectfully,

Juan (John) Lozano
Raytheon Missile Systems
Deputy Vice President
Supply Chain Management

Suzanne Maddux Raytheon Company
Supply Chain Director 2501 W. University Drive
Space and Airborne Systems McKinney, TX 75071
Raytheon Company USA
972-952-7449

Unrestricted Content

Biography

Suzanne Maddux is the Director of Supply Chain Outside of Raytheon she has held leadership roles in
Business Operations for Space and Airborne Systems Lean Manufacturing and Quality in the commercial
(SAS). In this role, Suzanne reports to the SAS Vice industry with responsibility for product launches and
President of Supply Chain and leads a team of 35+ implementation of a quality management system.
supply chain professionals responsible for supply chain
business operations with regards to supplier diversity, Suzanne graduated from the University of Michigan
budget and financials, process and technology solutions, with a B.S. in Industrial & Operations Engineering.
supply chain compliance and governance, data analytics Suzanne is a member of Institute of Industrial and
and supply chain talent development & learning. Systems Engineers, Society of Women Engineers, and
a Raytheon Six Sigma Specialist and has her Level 4
Suzanne has over 18 years of experience leading change Certification in Material Program Management and
management and employee development in highly Subcontract Management.
technical defense & commercial industries in roles such
as Production Planning, Supply Chain, Quality and Raytheon Space and Airborne Systems is a $6.7B
Operations. She has a cumulative 15 years at Raytheon business with 13,000 global employees
supporting Programs, Operations and Supply Chain. headquartered in McKinney, Texas. Space and
Prior to her current role, she was the Subcontracts Sr. Airborne Systems is a leading provider of radar and
Manager responsible for the performance of over 120 sensor systems on airborne and space-based
material and service subcontracts and $350+M in spend platforms. The business provides communications,
supporting the Mission Support & Modernization electronic warfare, high-energy laser solutions and
program portfolio within the Intelligence, Information special mission aircraft for the network-centric
& Services (IIS) business. Prior to that she held battlefield. Research advancements range from
positions at SAS as the Sr. Manager in Proposal linguistics to quantum computing.
Excellence, a Value Stream Lead in the McKinney
Consolidated Manufacturing Center in support of Raytheon Company is a technology and innovation
consolidation activities and the STS Production Control leader specializing in defense, civil government and
Manager in ISRS in the North Texas area. cybersecurity solutions. Founded in 1922, Raytheon
provides state-of-the-art electronics, mission
Suzanne began her career with Raytheon as a systems integration, C5I products and services,
Manufacturing Engineer in IDS supporting the CCA sensing, effects and mission support services for
COE in McKinney, Texas. She spent 4 years in this role customers in more than 80 countries. With 2018
working with programs, process engineering, factory sales of $28 billion and 67,000 employees,
operations and logistics to manage product through the Raytheon Company is a technology leader with a
readiness process for all prototypes, production and history of innovation spanning 96 years. Raytheon is
engineering changes. headquartered in Waltham, Mass.

September 2019

T’wana Brown
Vice President, Divisional Merchandising Manager – Men’s

T’wana Brown is the vice president, divisional merchandise manager
for Men’s at JCPenney, reporting to Jeff Useforge, senior vice
president, general merchandise manager. Brown is charged with
leading the buying teams and managing all buying activities for Men’s
Arizona® and Levi’s®, young men’s, active apparel and team sports to
ensure the assortment is aligned with the Company and to promote
brand loyalty and excitement among customers.

Brown brings extensive knowledge in e-commerce, merchandising,
product development and marketing to JCPenney. She first joined the
Company in 2010 as a senior merchandise manager in fine jewelry
and ultimately served as senior online merchandise director for ready-to-wear, shoes,
accessories, handbags, intimate apparel and jewelry. Prior to rejoining the Company, Brown
spent six years at Neiman Marcus and most recently served as vice president, divisional
merchandise manager for men’s sportwear, shoes and small leather goods. At Neiman she drove
strategies to increase profitable sales, curate merchandise assortments and establish the Nieman
Marcus private label program. Brown also served as vice president, divisional merchandise
manager of omni-channel for intimates, kids and flash sales, and vice president, divisional
merchandise manager of e-commerce for women’s fine apparel, dresses and flash sales.

Earlier in her career, Brown worked in various roles in e-commerce and merchandising. She spent
eight years at Marshall Field’s in positions of increasing responsibility including serving as
designer and product manager of select private brands, and worked at HSN and Soma, a division
of Chico’s.

Brown holds a Bachelor of Arts in sociology from the University of Minnesota and a Master of
Science in web strategy and design from Mercy College. She is also a graduate of Harvard
University’s Organizational Leadership program.

MBEIC DECEMBER 2019 REPORT

MBEIC’s representative, Pamela Nelson, participated during the new member orientation on
December 3, 2019, sharing information about MBEIC’s role and importance of networking and
providing input to our committee.

The MBEIC leadership team prepared the proposed calendar of events for 2020 and our Year-
End report, which is under review and approval.

As reported in the November report, there was no activity scheduled in November or
December but MBEIC leadership will participate in the annual meeting and continue to conduct
internal meetings to provide input for 2020.

D/FW Minority Supplier
Development Council Mentor

Experience – Kickoff

Presented in Partnership by: Insert Company
Name
Date:

PROTECTED 関 係者外秘

Agenda (Note: update as needed)

 9:00 – 9:30 Welcome and Introductions

 9:30 – 10:00 D/FW MSDC Program Vision and Purpose

 10:00 – 10:50 Mentee/Mentor Breakout

 10:50 – 11:00 Wrap up - Reflection, Next Steps, Depart

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Vision and Purpose

Vision:
 D/FW MSDC will provide a Mentor Experience Program that is

flexible and scalable to meet the needs of diverse businesses of
any size to foster the success of Diverse Businesses.

Purpose:
 To provide a rich learning experience for minority suppliers that

results in enhanced and impactful engagement with mentor
buying corporations leading to business growth in any industry.
 The program is not a commitment or guarantee of future business
with Mentor Buying Corporations.

PROTECTED 関 係者外秘

D/FW Minority Supplier Development Council -
Board of Directors
Supplier Mentor Experience

Margo Posey, President, D/FW MSDC Program Board of Director Members
 Rachel Kutz
Program Co-Chairs  Kallie Malmgren
 Terri Quinton  Don McNeely
 Monica Menzel  Bonnie Clinton
 Heather Herndon-Wright

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Participants (Note: update list)

Mentee Name, Company - Title
Mentor, Company, Title
Executive Mentor, Company, Title

Mentee Name, Company - Title
Mentor, Company, Title
Executive Mentor, Company, Title

5

PROTECTED 関 係者外秘

Insert information about your company i.e. industry, products, services, corporate values, why your are
participating, etc.

Challenge

Form a long term vision, meeting challenges with courage and creativity to
realize our dreams.

Continuous Kaizen
Improvement
We improve our business operations continuously, always driving for
innovation and evolution.

Genchi Genbutsu

Practice Genchi Genbutsu......go to the source to find the facts to make
correct decisions, build consensus and achieve goals at our best speed.

Respect for Respect
People
Respect others, make every effort to understand each other, take
responsibility and do our best to build mutual trust. 6

Teamwork

Stimulate personal and professional growth, share the opportunities of
development and maximize individual and team performance.

PROTECTED 関 係者外秘

Program Overview – Coordinate with D/FW MSDC and update

with current Dates

Program Mentee/Mentor Program Reflection
Kick-off 11 Meetings Celebration

January 2020 Feb’20 – Dec ‘20 Dec 2020

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Overview Continued…

 Sign Mentee Corporate NDA
 Mentee:

 Drive 1-3 SMART goals for the year
 Responsible to work action plan
 Report progress

 Mentor:

 Facilitates, guides mentee throughout the program
 Provides advice, collaborate with mentors if additional support is needed
 Reviews progress with executive advisor quarterly at minimum

 Mentee / Mentor – participate in a closing program reflection and celebration

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Mentee / Mentor - Breakout

 Review Mentee / Mentor Roles (15 mins)

 Answer any remaining questions
 Establish communication preferences and exchange contact information
 Agree on meeting cadence, location, etc.

 Identify 1 - 3 “SMART” Goals and discuss (30 mins)

 Review and modify SMART goals if needed
 Start identifying who, what, where support is needed

 Schedule Next Meeting
 Review “Reflection” template (5 mins)

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Reflection

 Keep:
 Change:
 Learnings:
 Next Meeting Date:

10

PROTECTED 関 係者外秘

Enjoy the program – Please reach out to us if
you have any questions!

Thank you!

11

Dallas / Fort Worth MSDC Mentor Experience Program (MEP) -
Overview

The following terms and definitions are utilized for this program and document.

Mentor: Member of a Buying Corporation

Mentee: A Minority Business registered with D/FW MSDC

I. Vision:

D/FW MSDC will provide a Mentor Experience Program that is flexible and scalable to meet
the needs of diverse businesses of any size to foster the success of Diverse Businesses.

II. Purpose:

To provide a rich learning experience for minority suppliers that results in enhanced and
impactful engagement with mentor buying corporations leading to business growth in any
industry.

The program is not a commitment or guarantee of future business with Mentor Buying
Corporations.

III. Requirements:
• Mentee candidates must be in good standing w/DFW MSDC
• By submitting the application – candidate mentee agrees to:
- Commit to 1 full year participation as outlined in Section V. Process of this
document
- Complete quarterly status/progress report
- Missing a quarterly report out may result in participant cancellation
- Principle (at least one owner) must participate
- Complete a “refection survey” at the end of the program

• Mentor will provide a Mentor Team (Procurement & Operation area)
- Corporations must include one executive level as the mentor and are
encouraged to have a team of 2 mentors for each mentee. If there is only one
corporate mentor, an executive level is requested.
- Commit to 1 full year participation as outlined in Section V. Process of this
document
- Complete a quarterly status/progress report
- Immediately notify the D/FW MSDC if the assigned Mentee has a T1 contract
with Mentor; a different Mentee will be assigned
- Complete a “reflection survey” at the end of the program
- Celebrate the success - host a “graduation celebration”

PROTECTED 関係者外秘

IV. Program:
• D/FW MSDC recognizes companies are unique in their journey. D/FW MSDC will not set
MEP learning experience goals and objectives. Rather Mentees determine what they
need to focus on to foster their growth and future success. This approach is designed to
be flexible and address a variety of business challenges.

V. Process:

Pre-Program

D/FW MSDC will:
 Establish Mentor corporation participation
 Announce when Program is accepting applications.
 Vet applicants for eligibility
 Select Mentees for program
 Match Mentee with Mentor
 Review Mentee selection with Mentor to confirm match
 Draft notification communications for Mentee on behalf of Mentor
 Host or confirm a “host corporation location” for the MEP kickoff event

Q1 – Mentee & Mentor
 Mentee will complete 1 - 3 SMART goals (reference example and template provided) to
be reviewed at the Program Kick-off
 Attend Program Kick-off
 Establish targeted improvement goal plan
 Establish cadence of meetings (monthly recommended)
 Mentee – responsible for scheduling meetings, prepping materials
 Mentor – responsible for gathering supporting mentor resources, meeting location

Q2 & Q3 – Mentee & Mentor
 Work the plan and complete quarterly report

Q4 – Mentee & Mentor
 Assessment of goals and progress by Mentee & Mentor
 Discuss next steps for the mentee upon completing the D/FW MSDC Mentee Experience
 Complete the reflection document
 Participate in MEP graduation celebration

Helpful Hints & Lessons Learned:

- Structure around the program is important, especially at the kick-off meeting

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PROTECTED 関係者外秘

- Use the SMART goal approach – Mentees set goals prior to the kick-off meeting
- Consider narrow problems / issue; don’t try to tackle too much
- Mentor – get executive advisor engaged at the start – they should be included in the kick-off

meeting
- Regular monthly meetings between mentoring team and quarterly meetings with executive

advisor should continue as regularly as possible to keep momentum going.
- Utilize D/FW MSDC Mentoring Experience Program purpose and vision helped open doors with

different parties in mentoring company. Everyone was open and willing to take time when they
understood what the purpose was for.
- Leverage opportunity to connect to other SMEs at mentoring company.
- Hold meeting at both company locations; visiting the mentee’s company was helpful to better
understand their business.
- Be willing to adjust meeting time to more than 1 hour if needed

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PROTECTED 関係者外秘

EXAMPLE - FY20 SMART Goal
Accounting Department Business Process Mapping

Goal: Complete business process mapping documentation for Accounting

departments. Identify critical path and areas of exposure. Documentation to be used
for evaluation in determining, process improvements and additional training
opportunities.

S Specific  Develop the approach to gathering and overseeing
project
 Provide process mapping standards, directions, and

schedule to Accounting
 Establish the timeline, monitor progress
 Assist with additional support where needed
 Assist with interpreting results and identifying critical

path/exposure
 Departments will utilize information for process

improvement
 Establish governance for on-going maintenance
 I will track collection of information
M Measurable  Review with executives when draft is complete

 Identify initial areas of improvement, risk, and

additional training opportunities

A Achievable Yes, dependency - engage departments to take ownership

and complete documentation information

R Relevant This project is in line with Accounting’s focus for key
initiative in the next fiscal year.
 Identify development opportunities where there are

gaps in knowledge/support
 Assess time spent on non-decision support activities
 Focal point to identify process and systems

improvements
 Enhance overall associate accounting knowledge of

process across departments
 Complete and provide directions, gather initial
T Time-based documentation, and schedule of activities no later

than June 30, 2xxx
 Complete initial process mapping for each

department by September 26, 2xxx
 Evaluate, refine process maps and provide

recommendations for improvement by December 15,

2xxx

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PROTECTED 関係者外秘

FYXX SMART Goal
“Title”

Goal: Complete business process mapping documentation for Accounting

departments. Identify critical path and areas of exposure. Documentation to be used
for evaluation in determining, process improvements and additional training
opportunities.

S Specific

M Measurable
A Achievable
R Relevant

T Time-based

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