BOARD MEETING JANUARY 26, 2024 7:30 AM CONFIDENTIAL 8828 N. STEMMONS FWY STE 550, DALLAS, TX 75247 DFWMSDC.COM [email protected] 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 EMAIL, FACSIMILE, OR TELEPHONE AND THEREAFTER DELETE THE MATERIAL FROM YOUR COMPUTER. ANY VIEWS 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 DFW 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. DFW MSDC
EXECUTIVE COMMITTEE MEETINGS BOARD MEETINGS & EVENTS BOARD OF DIRECTORS CALENDARS EXCEPTIONS THAT CHANGE BOARD MONTHLY MEETINGS TO SAME DAY FRIDAYS, 7:30AM UNLESS OTHERWISE NOTED FRIDAYS, 7:30AM UNLESS OTHERWISE NOTED OCNTOV 03/27 Inclusive Supply Chain Professional Luncheon Board Meeting & SCPL 18 October 8 November 15 DEC 15 March 19 April 17 May 21 June 16 Feb 19 July 16 August 20 September 6 26 January 25 October 8 DEC 27 March 26 April 24 May 26 June 23 Feb 23 August 25 September 10 OCJTuly TBD Board Meeting & SCPL Board Meeting & SCPL 06/26 Inclusive Supply Chain Professional Luncheon 09/25 Inclusive Supply Chain Professional Luncheon EVENTS 02/27 Hard Hat 02/8 - Economic Briefing & 2024 Board of Director s Ins tallation 05/14 -05/15 ACCESS Bus ines s Expo 06/19 Top Golf 9/30 Golf Clas s ic 11/15 E-Awards 12/10 Annual Meeting 12/10 Board Meeting - Annual Meeting Board Meeting & Annual Meeting 22
Bruce D. Collins Margo J. Posey Brandon Rakestraw Rob Simpson Pamela Bryant Monica Menzel Pamela Nelson Reena Batra Greg Cody Ashley Duffie Alexis Dennard Yareli Esteban Heather Herdon Wright Rachel Kutz Jason Lynch Shelly Lomonaco Kallie Malmgren Tony Marino Evelyn Molina Don Mckneely Terri Quinton Milton Quinn Jeni Rajbhandari Monica Schoenemann Total Present 96% 78% 91% 87% 83% 83% 61% 61% 78% 61% 61% Total Absent 4% 22% 9% 13% 17% 17% 39% 39% 22% 39% 39% Table Key Present Telephone/ Zoom Absent No longer Board Member No Board Meeting SEPTEMBER OCTOBER NOVEMBER DECEMBER 2023 Board of Directors Meeting Attendance Roster OFFICERS JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST
OFFICERS BOARD INSTALLATION HARD HAT 2023 APRIL QUARTERLY SUPPLY LUNCHEON ACCESS 2023 JUNE QUARTERLY SUPPLY LUNCHEON CPO RECEPTION 50TH ANNIVERSARY SEPTEMBER QUARTERLY SUPPLY LUNCHEON GOLF CLASSIC 2023 E-AWARDS Bruce D. Collins Margo J. Posey Brandon Rakestraw Rob Simpson Pamela Bryant Monica Menzel Pamela Nelson Reena Batra Greg Cody Ashley Duffie Alexis Dennard Yareli Esteban Heather Herdon Wright Rachel Kutz Shelly Lomonaco Jason Lynch Kallie Malmgren Tony Marino Evelyn Molina Don Mckneely Terri Quinton Milton Quinn Jeni Rajbhandari Monica Schoenemann Total Present 74% 52% 61% 83% 83% 80% 65% 65% 22% 78% Total Absent 26% 48% 39% 17% 17% 20% 35% 35% 78% 22% Table Key Present Telephone/ Zoom Absent No longer Board Member No attendance required 2023 Board of Directors Events Attendance Roster
01/26/2024 7:30 am – 9:00 am DFW MSDC Office Attendees: Bruce D. Collins | Margo J. Posey | Brandon Rakestraw | Rob Simpson | Pamela Bryant | Monica Menzel | Pamela Nelson | Rena Batra | Gregory Cody |Alexis Dennard| Ashley Duffie | Yareli Esteban | Heather Herndon – Wright | Jason Lynch | Shelly Lomonaco | Kallie Malmgren | Tony Marino |Evelyn Molina | Don McKneely| Anthony Patricio| Terri Quinton | Milton Quinn | Jeni Rajbhandari | Diane Strong| Jacqui Spicer| Monica Schoenemann | Item #1 Call to Order Bruce Chair’s Remarks Item #2 Item #3 Item #4 Item #5 December Minutes Pamela Bryant December Financials Monica Menzel & James December Certification Margo Nominating Committee Monica Menzel Item # 6 CONSENT AGENDA ISCWG MBEIC Council Updates Item # 7 President Report Item # 8 Discussion Items CPO Initiative Strategic Plan
Date: December 12, 2023 Attendees: Present Absent Bruce D. Collins Terri Quinton Heather HerndonWright Jeni Rajbhandari Margo J. Posey Don McKneely Shelly Lomonaco Monica Schoenemann Brandon Rakestraw Rena Batra Jason Lynch Rob Simpson Greg Cody Kallie Malmgren Pamela Bryant Ashley Duffie Tony Marino Monica Menzel Alexis Dennard Evelyn Molina Pamela Nelson Yareli Esteban Milton Quinn Location & Time: Meeting began at 4:20 PM in conference room in the Council office building. Opening • Bruce Collins congratulated everyone on participation and support of the year-long 50th Anniversary celebration. • Made comments on the excellence of the E Awards. • He thanked the board members for their hard work, building working relationships and willingness to “lean in” in supporting the Council and its work. Minutes • Pamela Bryant presented minutes from October (last meeting as we did not have a November Board meeting). Greg Cody made motion to accept. Terri Quinton seconded. Motion carried. Financials • Monica Menzel and James Estes presented the financials • Revenue $188,027 favorable to budget • Expenses are $92,329 favorable to budget • Forecast has been updated to reflect actuals • No changes to new legal fee
• Finalizing paperwork for new banking institution • MBDA draw down is slightly delayed • E-Awards still receiving funds, Golf Classic is favorable, ACCESS all funds collected and the 50th Anniversary short fall will be covered by the special reserve • Relocation and lease improvements will be covered by special reserves • No changes to contingency • Motion to accept financials made by Don McKneely; seconded by Pam Nelson. Motion carried. • Brandon discussed the Audit Report included in the board package. o Independent view by the auditor is that the Council received a clean audit; no findings Certification • Certification report included in board book • Motion to accept the certification report by Alexis Dennard and seconded by Yareli Esteban. Motion carried. Nomination Committee • 2023 election is complete. Not enough votes cast to carry the vote forward Monica ask for a motion to ratify the results for the buying entity and the MBE seat. • Motion to ratify buying entity vote by Terri Quinton; seconded by Jason Lynch. Motion carried. • Motion to ratify MBE seat vote by Pamela Nelson; seconded by Jeni Rajbhandari. Motion carried. • Board nominations, Bruce Collins-Chair, Pamela Bryant 1st Vice Chair, Secretary Shelly Lomonaco and Treasurer Monica Menzel • Motion to approve by Alexis Dennard; seconded by Greg Cody; Motion carried. Consent Agreement • ICSCWG Report – included in the Board Report • MBEIC Report – included in the Board Report 2023 Council President’s Report • Margo reported on One Percent Plus Initiative. • MBDA update: o Plaintiff has contacted the council to provide services, the judge’s order was to provide service to any of the plaintiffs meeting was scheduled but the plaintiff did not show, meeting has been rescheduled. o The brief from the DOJ is included in the board book • NMSDC update –
o Adjustment check received for $23K from 2022-no supporting documentation provided. o Stacey Keys, President of the Georgia council and chair of the affiliates has reviewed the financials and believes the Councils are owed ~$4.1M. o She has submitted her findings to NMSDC and the affiliate Presidents. Details are included in the board book. o NMSDC corporate has decided to negotiate the affiliate agreement with each Council. Margo has still not received. o Margo is serving on the KPI group. o 2024 Calendar included in your board book. o Board Installation proposed dates, February 1st, 7th or 8th, still finalizing. o Hard Hat will be a week early as Globe Life is undergoing renovations. o Leslie Marshall will be the sponsor and underwrite for next year at Glen Eagles Golf Course. o Motion to approve consent agenda and President’s report by Pamela Bryant; seconded by Milton Quinn. Motion carried. Announcements • Mark your calendars for the January 20th board retreat. Adjourn • Motion to adjourn by Terri Quinton and seconded by Pamela Nelson.
Dallas Fort Worth Minority Supplier Development Council, Inc Statement of Revenue and Expenses For the Twelve Months Ending December 31, 2023 ACTUAL BUDGET VARIANCE TO BUDGET FAV/(UNFAV) 2023 NUMBER 2022 NUMBER REVENUE: Corporate Memberships - New 51,750 40,000 11,750 Corporate Memberships- Renewal 171,800 146,625 25,175 Interest Income 19,179 0 19,179 NMSDC National Dues 275,026 253,635 21,391 NMSDC National Performance BONUS 76,802 0 76,802 MBE Certification Fees-New-Local 99,977 80,000 19,977 MBE Certification Fees-Renewal-Local 297,421 282,240 15,181 MBE Out of Region Subscriber Fees-Renewal 14,240 21,000 (6,760) 25 41 MBE Out of Region Subscriber Fees-New 9,192 12,000 (2,808) 18 13 Expedite Fees 5,600 1,000 4,600 Donation - Uncategorized 3,515 0 3,515 TOTAL REVENUE 1,024,502 836,500 188,002 EXPENSES: NMSDC Functions 19,350 15,000 (4,350) Software Maintenance 17,500 20,000 2,500 Office Expense 149,528 110,000 (39,528) Telecommunication 30,373 35,000 4,627 Credit Card Processing 21,576 18,000 (3,576) Credit Card Processing Fees (15,525) 15,525 Board Installation 7,050 15,000 7,950 1% Cartage/Delivery - 500 500 Outsourcing 80,000 80,000 - Lease-Office Space 109,284 114,000 4,716 Lease-Equipment/Other 15,712 25,000 9,288 Insurance/Taxes 22,325 18,000 (4,325) Professional Fees 94,507 75,000 (19,507) Temporary Services 58,209 65,000 6,791 Salary 616,136 630,000 13,864 TOTAL EXPENSES 1,226,025 1,220,500 (5,525) NET YEAR END REVENUE/(LOSS) (201,523) (384,000) TOTAL SPECIAL EVENTS REVENUE/(LOSS) 312,197 384,000 TOTAL YEAR END NET REVENUE/(LOSS) 110,674 - NOTES: YourControllerPlus 1/24/2024 11:59 AM
Dallas Fort Worth Minority Supplier Development Council, Inc Statement of Revenue and Expenses For the Twelve Months Ending December 31, 2023 ACTUAL BUDGET VARIANCE TO BUDGET FAV/(UNFAV) TOTAL CURRENT YEAR NET REVENUE/(LOSS 110,674 - - PRIOR YEAR PAYMENTS Prior Year Revenue 17,165 - Prior Year Expense 17,374 - - TOTAL PRIOR YEAR INCOME/(LOSS) (209) - - TOTAL NET REVENUE 110,465 - - Notes: YourControllerPlus 1/24/2024 11:59 AM
Dallas Fort Worth Minority Supplier Development Council, Inc Statement of Revenue and Expenses For the Twelve Months Ending December 31, 2023 ACTUAL YTD December 31, 2023 FULL YEAR FORECAST 2023 REVISED APPROVED BUDGET 2023 ORIGINAL APPROVED BUDGET VARIANCE BUDGET TO FORECAST FAV/(UNFAV) 2022 ACTUAL AS 12/31/2022 REVENUE: Corporate Memberships - New 51,750 51,750 40,000 40,000 11,750 44,750 Corporate Memberships- Renewal 171,800 171,800 146,625 185,000 25,175 127,750 Interest Income 19,179 19,179 - - 19,179 4,445 NMSDC National Dues 275,026 275,026 253,635 253,635 21,391 250,191 NMSDC National Performance BONUS 76,802 76,802 76,802 64,883 MBE Certification Fees - Renew-Local 297,421 297,421 282,240 243,865 15,181 292,916 MBE Certification Fees - New-Local 99,977 99,977 80,000 80,000 19,977 77,924 MBE Subscriber Fees-Renewal 14,240 14,240 21,000 21,000 (6,760) 22,272 MBE Subscriber Fees-New 9,192 9,192 12,000 12,000 (2,808) 6,920 Expedite Fees 5,600 5,600 1,000 1,000 4,600 1,750 Uncategorized 3,515 - 4,545 TOTAL REVENUE 1,024,502 1,020,987 836,500 836,500 184,487 898,346 EXPENSES NMSDC Functions 19,350 19,350 15,000 15,000 (4,350) 9,849 Software Maintenance 17,500 17,500 20,000 20,000 (2,500) 15,000 Office Expense 149,528 149,528 110,000 110,000 (39,528) 118,492 Telecommunication 30,373 30,373 35,000 25,000 (4,627) 35,924 Board Installation 7,050 7,050 15,000 15,000 (7,950) 25,151 1% - Credit Card Processing 21,576 21,576 18,000 18,000 3,576 15,225 Credit Card Processing Fees (15,525) (15,525) - - 15,525 (9,014) Cartage/Delivery - 500 500 0 Outsourcing 80,000 80,000 80,000 80,000 - 75,000 Lease-Office Space 109,284 109,284 114,000 114,000 (4,716) 71,682 Lease-Equipment/Other 15,712 15,712 25,000 25,000 (9,288) 15,930 Insurance/Taxes 22,325 22,325 18,000 18,000 4,325 18,500 Professional Fees 94,507 94,507 75,000 75,000 19,507 72,034 Temporary Services 58,209 58,209 65,000 65,000 (6,791) 43,776 Salary 616,136 616,136 630,000 598,000 (13,864) 575,199 Legal Fees 0 2,000 0 0 2,000 TOTAL EXPENSES 1,226,025 1,228,025 1,220,500 1,178,500 - 1,082,748 NET CURRENT YEAR REVENUE/(LOSS) (201,523) (207,038) (384,000) (342,000) (184,402) TOTAL SPECIAL EVENTS REVENUE/(LOSS) 312,197 369,775 384,000 342,000 304,679 TOTAL CURRENT YEAR NET REVENUE/(LOSS) 110,674 162,737 - - 162,737 120,277 PRIOR YEAR PAYMENTS Prior Year Revenue 17,165 - - - - 17,800 Prior Year Expense 17,374 18,603 TOTAL PRIOR YEAR REVENUE/(LOSS) (209) - - - - (803) TOTAL NET REVENUE 110,465 162,737 - - 162,737 119,474 Note: As of the August 31 2025 Hick Law Group Projects $2,000 in Legal cost for remainder of 2023. YourControllerPlus 1/24/2024 11:59 AM
Dallas Fort Worth Minority Supplier Development Council, Inc Balance Sheet For the Twelve Months at December 31, 2023 As of As of As of 12/31/2023 12/31/2022 12/31/2021 ASSETS CURRENT: CASH-SPECIAL-BANK OF TEXAS 117,331 117,331 381,196 CASH-OPERATING-BANK OF TEXAS 141,744 489,638 233,290 CASH-COMERICA BANK MONEY MARKET 228,360 226,088 225,518 CASH-COMERICA BANK CHECKING 24,526 24,525 24,525 CASH-VERITEX FORMERLY GREEN BANK MONEY MARKET 254,432 251,127 250,091 CASH -REGIONS BANK 168,592 168,592 168,592 INVESTMENT-REGIONS BANK 81,408 81,408 81,408 CASH-CHASE CHECKING 71,537 71,530 71,882 CASH-CHASE CHECKING II 12,541 12,541 12,541 CASH-PLAINSCAPITAL BANK MONEY MARKET 256,603 251,126 250,040 CASH-CAPITALONE-CHECKING 97,054 97,054 97,054 CASH-CAPITALONE-SAVING 154,068 153,299 153,072 CASH-TRUIST BANK 259,172 251,519 250,000 INVESTMENT-CAPITALONE CD 0 0 0 PETTY CASH 1,000 1,000 150 ACCOUNTS RECEIVABLE-MBDA 103,157 13,863 0 ACCOUNTS RECEIVABLE-CRR 0 0 0 ACCOUNTS RECEIVABLE 21,829 15,140 17,800 1,993,354 2,225,781 2,217,159 DEPOSIT-2020 GOLF AND TENNIS 0 0 0 DEPOSIT 2020 ACCESS 0 0 0 DEPOSIT-2019 TOP GOLF (APRIL AND AUGUST) 0 0 7,812 PREPAID EXPENSES-2020 AWARDS 0 0 0 DEPOSIT 2023 HARD HAT 0 6,056 0 DEPOSIT 2024 HARD HAT 5,857 0 0 DEPOSIT 2023 ACCESS 0 1,000 0 DEPOSIT 2024 ACCESS 1,000 0 0 DEPOSIT 2024 TOPGOLF 3,252 3,252 0 DEPOSIT RICCHI TOWERS LLC LANDLORD 11,348 DEPOSIT 2023 E AWARDS 0 15,000 0 TOTAL CURRENT ASSETS 21,457 25,308 7,812 FIXED ASSETS: SOFTWARE-CSC 50,796 50,796 50,796 FURNITURE & FIXTURES 77,507 65,810 65,810 EQUIPMENT & COMPUTERS 137,856 88,945 73,015 LEASEHOLD IMPROVEMENTS 17,198 LESS: ACCUMULATED DEPRECIATION (122,299) (122,299) (122,299) 161,058 83,252 67,322 TOTAL ASSETS 2,175,869 2,334,341 2,292,293 LIABLITIES & FUND BALANCE LIABILITIES PREPAID FEES/DUES 550,127 624,647 711,398 ACCOUNTS PAYABLE 77,228 123,606 68,923 NOTES PAYABLE-COVID-19 PPP ($66,500) 0 0 0 NOTES PAYABLE-SBA EIDL ADVANCE 5,000 5,000 5,000 NOTES PAYABLE-SBA EIDL LONG-TERM 146,154 150,000 150,000 FUND BALANCE: FUND BALANCE 1,286,895 1,311,614 1,170,597 NET REVENUE/(LOSS) 110,465 119,474 186,375 2,175,869 2,334,341 2,292,293 TOTAL LIABILITIES & FUND BALANCE 2,175,869 2,334,341 2,292,293 YourControllerPlus 1/24/2024 11:59 AM
Dallas Fort Worth Minority Supplier Development Council, Inc List of Financial Institution at the Twelve Months Ending December 31, 2023 12/31/2023 1003 CASH--BANK OF TEXAS 117,331 1000 CASH-OPERATING-BANK OF TEXAS 141,744 259,075 1104 CASH-COMERICA BANK MONEY MARKET 228,360 1004 CASH-COMERICA BANK CHECKING 24,526 252,886 1005 CASH-CHASE CHECKING 71,537 1006 CASH-CHASE CHECKING II 12,541 84,078 1103 INVESTMENT/REGIONS BANK 50,241 1102 CASH-BUSINESS MONEY MARKET 31,167 1008 CASH -REGIONS BANK 168,592 250,000 1007 CASH-PLAINSCAPITAL BANK MONEY MARKET 256,603 256,603 1009 CASH-VERITEX/GREEN BANK MONEY MARKET 254,432 254,432 1010 CASH -CAPITALONE CHECKING 97,054 1106 CASH-CAPITALONE SAVINGS 154,068 251,122 1011 CASH-TRUIST BANK CHECKING 259,172 259,172 1,867,368 YourControllerPlus 1/24/2024 11:59 AM
Dallas Fort Worth Minority Supplier Development Council, Inc Statement of Revenue and Expenses For the Twelve Months Ending December 31, 2023 For the Twelve Months Period Ending December 31, 2023 Awards Banquet Golf Classic Hard Hat Annual Meeting MBEIC Quarterly Supply Chain Professionals Luncheon ACCESS Top Golf 50th Anniversary Total MBDA 7/1/2023- 12/10/2023 2023 FORECAST 140,000.00 26,460.00 80,226.00 (34,351.00) 151,931.00 5,509.00 369,775.00 2023 ORIGINAL BUDGET 140,000.00 25,000.00 80,000.00 (16,000.00) 150,000.00 5,000.00 384,000.00 Funds Received - - Accounts Receivable 10,075.00 11,754.00 21,829.00 Bundle Packages - Event fees 369,191.00 55,853.00 125,963.00 6,588.00 (1) 7,618.00 295,000.00 9,301.00 133,562.00 1,003,076.00 - Grants - 60,000.00 Total funds received 379,266.00 55,853.00 125,963.00 - 6,588.00 7,618.00 295,000.00 9,301.00 145,316.00 1,024,905.00 60,000.00 Disbursements - - Event expense 289,266.00 29,393.00 45,737.00 2,125.00 12,041.00 (1) 41,969.00 143,069.00 3,792.00 145,316.00 712,708.00 163,156.86 Total disbursements 289,266.00 29,393.00 45,737.00 2,125.00 12,041.00 41,969.00 143,069.00 3,792.00 145,316.00 712,708.00 163,156.86 Excess Funds Over Disbursements 90,000.00 26,460.00 80,226.00 (2,125.00) (5,453.00) (34,351.00) 151,931.00 5,509.00 - 312,197.00 (103,156.86) Favorable/(Unfavorable) To 2023 Budget 1,460.00 226.00 1,931.00 509.00 Actual 2022 123,761.00 15,700.00 60,705.00 (1,501.00) 480.00 (21,586.00) 126,632.00 488.00 304,679.00 NOTE: (1) Income and Expenses for Public Policy Day NET 79,925 ACCOUNTS RECEIVABLES 10,075 SPECIAL RESERVE 50,000 140,000 YourControllerPlus 1/24/2024 11:59 AM
Dallas Fort Worth Minority Supplier Development Council, Inc DOS Report 2023 2023 Name Amount 1-30 31-60 61-90 91-120 121-Over E AWARDS 10,075 10,075 50TH ANNIVERSARY 11,754 11,754 21,829 0 21,829 0 0 0 0 Note: YourControllerPlus 1/24/2024 11:59 AM
Dallas Fort Worth Minority Supplier Development Council, Inc 2023 Special Reserve Budget Approved September 23, 2022 Initial Amount Requested Approved Amount Actual Balance Rationale Sales Support Staff 90,000 125,000 0 125,000 Increase Buying Entity Memberships and sponsorships Leasehold Finishout/Improvements 90,000 100,000 39,857 60,144 2011 Council move, MBE's contributed $146,000 in in-kind leasehold improvements. Due to the current economic climate, we can not anticipate the same support from our MBE contractors. Relocation 0 75,000 26,760 48,240 Potential moving expenses not incorporated in the 2023 budget 50th Anniversary 50,000 50,000 50,000 0 50th Anniversary celebration expenses. Total 230,000 350,000 116,617 233,384
Dallas Fort Worth Minority Supplier Development Council, Inc 2023 Contingency Approved January 28, 2023 Approved Amount Contingency 100,000 YourControllerPlus 1/24/2024 11:59 AM
Inclusive Supply Chain Working Group Review and Planning Session January 22, 2024 Outcomes Summary Agenda Item Discussion Point/Outcome Next Step(s)/Owner February 8th 1:30-3:30 PM Economic Outlook and Board Installation Hilton Lincoln Centre • Dr. Jason Saving Dallas Fed confirmed • ISCWG members to be individually recognized ISCWG to make personal outreach to Circle of influence for registration and attendance February 27th Hard Hat 2024 Construction Expo Globe Life Field MBE Subcontractor opportunities for major projects i.e. • DFW International Airport • City of Dallas Convention Center ISCWG to make personal outreach to Circle of influence for registration and attendance March 27th SCPQL Topic Hilton Lincoln Centre Working title: “State of Supplier Diversity“ Speaker: Aylin Basom, CEO supplier io https://supplier.io/ MJP to confirm with Aylin Basom, ISCWG to make personal outreach to Circle of influence for registration and attendance Subsequent SCPQL topics formats and speakers To be determined Events /deliverables other than SCPQLs to be considered In collaboration with SCPWG; SDPW, and/or MBEIC standalone 2024 Primaries and General Election • Partisan Party primaries scheduled for March 5, 2024 • Must be registered to vote in primaries • Winners of March 5th primaries will be on Tuesday, November 5, 2024 General Election ballot DFW MSDC, as a 501(c)(3) nonprofit May May Not educate re: issues Support or oppose specific candidates or legislation may engagement for continued supply chain inclusion is critical. At the following levels
MBEIC_Report_December-2023 December 2023 December 12 , 2023- New Supplier Orientation (NSO) – Pam Nelson (MBEIC Chair) attended the NSO and provided brief comments and welcomed the new suppliers. Upcoming MBEIC Events Month Date Event Lead Presentation January TBD- Jan/2024 Networking- Meet the Chairs
1 DFW MSDC MBE Input Commitee End of Year Report 2023 IMPORTANT HIGHLIGHTS ADVOCACY Public Policy Briefing (February) presented by Clifton Miller - A briefing on the Texas Legislative Day in Austin, on March 15, 2023. Attendees also received administration on access and use of the Texas Legislative Online (TLO) platform. Texas Legislative Day(March) Several MBEs supported the Texas Regional Affiliate Councils to advocate for small businesses in Texas to educate our Texas Legislators about the impact of MBEs and voice concerns regarding many state bills and initiatives that were to be determined during the legislative session. CEO Challenge, 1% Plus: The DFW Council along with CEOs from the DFW area are taking the pledge to be intentional about inclusion of minority businesses to drive the economy of the nation. CEOs are urged to TAKE THE PLEDGE to increase spend with minority suppliers by 1% or more year over year. MBEs are encouraged to take the pledge which can be found on the DFW MSDC website. Thus far, the following CEOs have joined the initiative, join them: Reena Barta Software Professionals, Inc. Greg Cody CGG Enterprises Yareli Esteban Strategar Ray Marsh RAM Contracting Don McKneely MBN USA Elevlyn Molina All Janitorial and Professional Services Pamela Nelson Bracane Company Milton Quinn Alpha & Omega Industries, LLC Terri Quinton Q2 Marketing Group, LLC Hill Day, Washington, D.C. (October): following the National Conference and Exchange, affiliate presidents, the CEO of NMSDC, Ying McGuire and several MBEIC chairs went to Capitol Hill to meet with our state representatives. Margo Posey and Pam Nelson participated in the event representing the DFW affiliate council.
2 BUILDING CAPACITY Preparing for Access 2023: This virtual event provided MBEs and opportunity to received suggestions for navigating ACCESS and developing their Capability Statement with fellow MBE leader, Terri Quinton. Unlock the Power of Market Research (August)- Jenica Oliver, CMO Blueprint Marketing Group and MBEIC 2nd Vice Chair and Dawn Carr, CEO Mahogany Insights. MBEs presented an overview of market research and how to utilize insights to grow their business. Perfecting Your Pitch (September) A collaboration program with the Inclusive Supply Chain Working Group which was led by Tamika Tutt of Alcon and Pam Nelson, MBEIC Chair. Perfecting Your Pitch provided MBEs an opportunity to meet with corporate buyers to conduct their pitch and then receive feedback and suggestions from buying entity buyers make in-person pitches/capability statements. This event was held in person following the Quarterly Supply Chain luncheon. CONNECTING New Supplier Orientation: The MBEIC participated in the New Supplier Orientation Meetings held virtually each month to welcome newly certified MBEs. MBEs are invited to attend and participate in the MBEIC meetings. Meet the Chairs of DFW MSDC and MBEIC (February) – Meeting was held in person at the council office. Chair of the Board, Bruce Collins, Chair of ISCP, Mary Gano, Cochair ISWG, Clifton Miller, and MBEIC Chair- Pamela Nelson were presenters for the event. Mr. Collins provided an update on the 1% Initiative and DFW Airport. Ms. Gano provided insights for upcoming opportunities with Vistra. Mr. Miller and Ms. Nelson provided insights for MBEs to be involved and utilization of the council and resources. Ms. Posey provided final comments and overview of activities for the 50th Anniversary. MBEIC Member Lounge (April)-MBE 2 MBE Networking Mixer and Introduction to Comerica Business HQ – MBEs met in-person at Comerica’s Business HQ to network and learn about services and amenities available for MBEs. After providing a brief overview of their business, MBEs were able to network with each other, tour the Comerica Business HQ and find potential partners and services providers for their business.
3 MBEIC Conversations (November) – MBEs attended the virtual meeting and had an opportunity to ask questions of the MBEIC leaders in attendance as well as council staff. Each MBEs introduced their companies and provided ideas for programming, and suggested topics for future programs. E Award Winners 2023 (November) Congratulations to our MBE E Award Winners Aztecs-Omega Group Supplier of the Year - Category 4 VSoft Supplier of the Year -Category 3 Strategar Supplier of the Year -Category 2 B12 Solutions Supplier of the Year -Category 1 Highlight of the Year A landmark achievement this year, made possible by the unwavering support of our DFW NMSDC Affiliate Council, was the nomination of three of our MBEs for the prestigious 'Supplier of the Year' award in Categories I, III and IV, respectively. The honorees: VDart Sidd Ahmed, CEO Category IV Mohr Partners Robert ShiShibuya, CEO Category III Bracane Company Pamela Nelson, CEO Category II This distinction is noteworthy as it placed our members in the spotlight among over 16,000 businesses represented by the National Minority Supplier Development Council (NMSDC). The triumph does not stop there. Out of these three exceptional nominees, VDart and Bracane Company were declared winners at the National Conference and Exchange on October 25, 2023, a testament to the caliber and excellence of businesses within our region. These victories not only reflect the individual strengths of these MBEs but also underscore the collective impact of our supportive network and the dynamic platform provided by our Affiliate Council. This milestone serves as a beacon of inspiration and a clear indicator of the growth and potential within our community. We are immensely proud of our members' achievements and grateful for the role played by our Affiliate Council in fostering such success. Looking Into the Future DFW MSDC MBEIC Proposed Calendar of Events January (Date to be determine) May be combined with another council event. Meet and greet the chairs. Inperson Networking and introduction of DFW MSDC Board Chair, MBEIC Chair and others Feb. 21, 2024 MBE Conversations Virtual Networking, tools for business March 20, 2024 MBE Conversations Virtual Discussing industry trends and opportunities
4 April 17, 2024 Capability Statements Preparation Workshop Virtual Assisting members in crafting effective capability statements May 15, 2024 MBE Conversations Virtual Networking, MBE to MBE updates June 26, 2024 Healthcare Focused Program Virtual Healthcare opportunities in DFW area and challenges for market entry for minority businesses July 17, 2024 Marketing Program (Part 1) Virtual Enhancing marketing skills, focusing on digital strategies August 21, 2024 Marketing Program (Part 2) Virtual Advanced marketing strategies (case studies) September 2024 Joint program with ISWG Inperson Topic TBD October 16, 2024 MBE Conversations MBEIC Committee Election Virtual Networking, MBE to MBE updates November 20, 2024 End of year review Virtual End of year review, set goals and planning for 2025. December Annual Meeting Inperson
DFW MSDC At Work ‘Activity Requiring Participation December 2023 Council Host 1. December 4th, 2023, Nomination Committee - Election Result Review. 2. December 7th, 2023, DFW MSDC Finance Committee Meeting. 3. December 7h, 2023 Goldman Sachs & DFW MSDC Discussion. 4. December 7h, 2023 Supplier Diversity and ESG in 2024 GoToWebinar. 5. December 8h, 2023 Executive Committee Meeting. 6. December11h, 2023 The Inclusive Supply Chain Working Group Meeting. 7. December 12th, 2023, Board of Directors Meeting. 8. December 12th, 2023, KBRCBS & DFW MSDC Meeting | Construction Opportunities, with Keith B. Robinson. 9. December 12th, 2023, New Supplier Orientation Meeting. 10. December 13th, 2023, Starchapter & DFW MSDC Meeting 11. December 14th, 2023, MBDA Breakfast- Start your Day With Opportunity Series. 12. December 15h, 2023 MNK Infotech Inc & DFW MSDC Meeting : Getting involved and engage with MSDC 13. December 18h, 2023 DFW MSDC / Meeting / SimpleFiber. 14. December 27th, 2023, Quarterly Meeting. Certification Plan Room Acquisition 1. December 11th, 2023, Appeals Committee Meeting W/ Mr. Carl Long - PMITRIBAL SERVICES, LLC. 2. December 7th, 2023, Pre-Certification Workshop. 3. December 14th, 2023, Pre-Certification Workshop. 4. December 21st, 2023, Pre-Certification Workshop Plans / Specifications Digital Plans -235-- GC Digital Invites -109- Procurement Opportunities Non-Construction Related Sourced 215- Architectural/Engineering Opportunities Sourced -10- Construction News Development Proposed -0- Council Outreach | Inclusion | Attendance 1. December 1st, 2023, City of Arlington's Monthly Supplier Meeting. 2. December 1st, 2023, ERP Update. 3. December 4th, 2023, City of Irving Virtual Coffee Break W/ Amanda Kerry -MWBE Program Administrator. 4. December 6h, 2023 Bexar County Business Conference Freeman Expo Hall,, San Antonio, TX. 5. December 6h, 2023 Monthly President's Meeting NMSDC. 6. December 6h, 2023 Reimagine Main Street Monthly Network Meeting. 7. December 7h, 2023 DFW Airport Board Meeting. 8. December 7h, 2023 Master Class Kickoff Discussion 9. December 7h, 2023 Quick Discussion Meeting with Danielle Thompson. 10. December 8h, 2023 Business Equity Advisory Board Meeting 11. December 8h, 2023 Comerica BusinessHQ + DFW MSDC 12. December 8h, 2023 City of Dallas/ DFW MSDC Masterclass Kickoff. . 1. December 8h, 2023 City of Dallas/ DFW MSDC Masterclass Kickoff. 2. December 11h, 2023 The BECK Group | Jeff Forbes Retirement Celebration. 3. December 12h, 2023 JE Dunn Construction Quarterly Outreach Opportunity Meeting. 4. December 12h, 2023 DRC Year-End Conversation with Mayor Eric Johnson. 5. December 13th, 2023, NTTA Business Chat Special Edition, 2024 IT & Operations Opportunities 6. December 14h, 2023 Become a Certified Nonprofit Executive (CNE, CDE, CNC). 7. CPUNTY 8. December 14h, 2023 RBCA Chairman's Luncheon 2023. 9. December 15h, 2023 Partner on Small Business Summit 10. December 18h, 2023 Business Equity Presentation Discussion. 11. December 19h, 2023 Dallas County Commissioner's Court. 12. December 19h, 2023 Lone Star HOSTED Noon December Luncheon. 13. December 21st, 2023 MAS Office Hours - SBA.
Dallas Fort Worth MBDA Business Center Report January 17, 2024 YTD Results/Activities: Year 3 – (2nd Quarter) (3rd month) Goal Name Actual Goals Work in Progress Report Number of MBE’s Served 91 100 24 Gross Revenues Generated 21,000,000 $50,000,000 $20,000,000 % of Clients that Increase Profits 7 50 2 Number of Jobs 86 250 58 Value of Financing, Capital, and Bonding 4,400,000 $25,000,000 $200,000 Number of Capacity Investments 1,500,000 $25,000,000 $150,000 Capacity Building Engagements 52 50-100 27 Year 3 grant (July 1, 2023 – June 30, 2024) Monthly Results/Additional Activities 1. Number of Opportunities searched/sent to individual clients: 9 2. Number of One-on-one Business Consultations with clients: 7 MBDA Virtual Events Number of Attendees Doing Business with Brasfield & Gorrie LLC 46
GOVERNANCE ONE PERCENT PLUS: The DFW MSDC introduced the One Percent Plus ini�a�ve in 2022 following an Economic Impact study conducted by Supplier.io exposing the current economic gap between Minority Business En��es (MBEs) and non-minority firms. The purpose of the Ini�a�ve is to: • Cul�vate deeper rela�onships in the DFW market among Buying En��es and MBEs based on shared commitment. • Encourage opportuni�es for more cost savings, innova�on, market penetra�on and profitability. • Serve as a model for inten�onal economic growth that benefits the region and na�on. • Create construc�ve collabora�on beginning in the DFW market that drives greater u�liza�on of MBEs. As the ini�a�ve con�nues to drive measurable impact, we will accomplish the following in 2024: 1. Reengage the One Percent Plus commitee beginning on February 5th. 2. Provide monthly updates related to the One Percent Plus ini�a�ve for our internal and external stakeholders beginning in March. 3. Develop quarterly messaging to drive par�cipa�on and engagement for all Council events related to the Ini�a�ve. 2024 First Quarter messaging will focus on recruitment and par�cipa�on. We will target the Board Installa�on on Feb 8th, HARD HAT on Feb 27th, and the Quarterly luncheon on March 27th. 4. Distribute the Buy Those That Buy UsTM survey to capture Buying En�ty spend for 2023. The 2023 data will serve as our baseline to track measurable impact. 5. Engage the Buying En��es CEO Champions at the 2024 ACCESS luncheon and share an update along with the base line numbers on May 15, 2024. Take the Pledge for your organiza�on by comple�ng the simple form found at: htps://dfwmsdc.com/onepercentplus/ MBDA: JEFFREY NUZIARD ET AL., Plain�ffs, v. No. 4:23-CV-0278-P MINORITY BUSINESS DEVELOPMENT AGENCY ET AL., Defendants. Raymond Cervantes, MBDA Execu�ve Director and I met with Plain�ff Nuziard on December 19, 2023. Kevin Wiley joined Zoom call. Nuziard wanted funding from MBDA which we do not provide. He described his business and shared he has met with several federal employees that wanted his services (penal erec�on assistance) but the federal government does not cover the costs of the procedure, he felt the MBDA Center should assist in
ge�ng the federal government to underwrite coverage for the numerous employees reques�ng his services. Addi�onally, he requested a lis�ng of all procurements by federal agencies of which he could provide a bid; and assistance in securing a cash infusion to his business. MBDA requested his Capabili�es statement, and a writen financial summary and funding requested. Upon receipt Michael Garret will source procurement opportuni�es based on the Capabili�es statement and NAICS codes. Mr. Cervantes will refer Nuziard to MBDA financial resource partners. NMSDC: NMSDC distributed the Affiliates Agreement on December 20, 2023, at 4:29 pm with over half of the Affiliates closed for the holidays. It was proposed that the Affiliate agreement (which was originally to be distributed September 8, 2023), be signed, accepted by the Affiliate Councils and their respec�ve boards, and returned by January 15th. Atached is: 1.DFW MSDC response to a mee�ng request with Ying that outlines some of DFW MSDC’s Board concerns and our request for informa�on. 2. The Affiliate Agreement. 3. No�ce of Need for Further Nego�a�ons and Alignment shared collec�vely from the 23 Regional Minority Supplier Development Councils (RMSDCs) across the US regarding the 2024 Affiliate Agreement. 4. The Change in Funding document sent a�er NMSDC received the Affiliate document. Below is a summary of key concerns included in the na�onal level discussions regarding cer�fica�on and the affiliate agreement. In reviewing the Affiliate agreement, we hope to have our concerns answered for future direc�on and considera�on. CERTIFICATION: • Indemnifica�on current language does not address site visits by the Affiliates. • DFW MSDC MBEs at risk of losing State of Texas HUB cer�fica�on and SBE cer�fica�on. • NMSDC to date is unable to define cer�fica�on approval process. • Applicant cer�fica�on funding is directed to NMSDC. • DFW MSDC would s�ll be required to provide cer�fica�on outreach and support requiring personnel. • Funding a�er 2024 related to cer�fica�on is no longer being discussed as Making/keeping Councils whole for at least 24 months as reported throughout 2023. AFFILIATE AGREEMENT: Statement of Work Funding Model Revenue Sharing Database for na�onal and local members: o Local member access and u�liza�on o Restraints or addi�onal fees for local informa�on Affiliate’s responsibility for na�onal member reten�on One addi�onal document was atached related to funding that may s�ll be owed to the Affiliate Councils.
1 From: Margo Sent: Tuesday, October 10, 2023 1:39 PM To: Ying McGuire Cc: Collins, Bruce D Subject: DFW MSDC Visit Ms. McGuire, The Dallas Fort Worth MSDC Board of Directors met on your request for a meeƟng and subsequent request to our former Board Chair Bonnie Clinton to intercede. The DFW MSDC Board of Directors voted to entertain a meeƟng conƟngent on: 1) receipt of the new Affiliate Service Agreement and a 7 business day review Ɵme to review the Agreement, 2) indemnificaƟon by NMSDC on cerƟficaƟon related legal challenges as presented by the 23 Board Chairs and Presidents and 3) NMSDC financial records demonstraƟng the stability of NMSDC including NMSDC YTD 2023 Income Statement, 2023 YTD Cash Flow and most recent 990 submission We look forward to receiving the informaƟon to schedule the meeƟng. Yours in Servant Leadership, Margo
Confidential | Not for Distribution Outside of Authorized or Permitted Use Confidential | Not for Distribution Outside of Authorized or Permitted Use Page 1 of 15 AFFILIATE MASTER SERVICES AGREEMENT This Affiliate Master Services Agreement (“Agreement”) is made as of January 1, 2024 (the “Effective Date”) between National Minority Supplier Development Council (“NMSDC”), having its principal place of business at 65 West 36th Street, Suite 702, New York, NY 10018 and [Regional Affiliate Company Name] ("Affiliate") having its principal place of business [Affiliate Address]. NMSDC and AFFILIATE are referred to individually as a "party" and jointly as the "parties". NMSDC provides products and services throughout the nation and globally, directly and through its network of affiliates and strategic partners (the “NMSDC Network”), in achieving its vision and mission: to support and grow minority business enterprises. The purpose of this Agreement is to define the obligations and responsibilities of each of party in furtherance of the mission and vision of NMSDC. It serves as a comprehensive agreement that governs the business relationship between the two parties. 1. TERM AND TERMINATION. This Agreement is effective from the Effective Date for three (3) years renewable or until terminated by either party. Termination can occur with ninety (90) days' notice and payment of any outstanding fees, or with thirty (30) days' notice following an unresolved material breach, or immediately under insolvency conditions. Post-termination, the Affiliate must return or certify the destruction of all NMSDC materials and cease using NMSDC's licensed marks and database. NMSDC will remove the Affiliate from marketing materials within ninety (90) days of the termination. 2. INDEPENDENT CONTRACTOR STATUS. (a) Relationship of Parties. The Affiliate is an independent service provider. Nothing in this Agreement will be interpreted or construed as creating or establishing the relationship of employer and employee between parties. Affiliate will not take any actions that binds NMSDC in any manner except as expressly authorized in advance by NMSDC in writing. NMSDC is not liable for debts or obligations of the Affiliate, and the Affiliate is not liable for debts and obligations of NMSDC. (b) Nonexclusive. Affiliate will retain the right to perform services for others and create partnerships during the term of this Agreement that will not conflict with the mission and vision of NMSDC, compete directly with services offered by NMSDC and partnerships of NMSDC, and otherwise compromise the performance of the Affiliate related to this Agreement. Affiliate will notify NMSDC prior to performing such services or entering such partnerships. NMSDC will have the right to utilize the services of other affiliates and strategic partners during the term of this Agreement and will notify Affiliate prior to utilizing such services. (c) Conflict Resolution. If a disagreement arises between Affiliate and a third party, or between Affiliate and NMSDC, parties will initially seek resolution through structured dialogue and mutual collaboration. If parties cannot come to a resolution, the issue will escalate to the NMSDC boardchartered Affiliate Engagement Committee for mediation and resolution. This approach ensures disputes are managed constructively, maintaining the integrity of the network, and allowing all parties to continue their essential work with minimal disruption. 3. AFFILIATE SERVICES. (a) Scope of Agreement. Affiliate agrees to provide services to national members of NMSDC, local members, and NMSDC-certified minority business enterprises (“MBEs”) in the territory defined as __________________________________ (the “Service Area”), and in compliance with the terms
Confidential | Not for Distribution Outside of Authorized or Permitted Use Confidential | Not for Distribution Outside of Authorized or Permitted Use Page 2 of 15 and conditions of this Agreement and all attachments to this Agreement. Affiliate agrees to service and support MBEs pursuant to the requirements of NMSDC and to promote the development of MBEs and national and local members set forth in this Agreement and attached Exhibits. (b) Statement of Work. The specific services to be performed by Affiliate will be documented in a Statement of Work (“SOW”), substantially in the form attached hereto as Exhibit A.1 and signed by both parties. The SOW will set forth, at a minimum, the services and deliverables that Affiliate will provide to NMSDC annually. The SOW will renew automatically each year if notice is not provided by NMSDC to Affiliate by October 1 each year but will terminate if the Agreement terminates. Additionally, the SOW may be amended only by an agreement in writing signed by both parties hereto. And the Affiliate agrees to the following obligations: (i) Affiliate shall follow, support, and adhere to the workplan outlined in the SOW, which is designed to focus on connecting MBEs to opportunities, resources and facilitating growth of MBEs. (ii) Affiliate is solely responsible for the organization, operation, publicity, fundraising, legal affairs, and all other aspects of services defined in the SOW in the Affiliate Service Area, hereunder, including recruitment, training, constituent management of members, and carrying out Affiliate Service Area activities in a proper manner subject to any reclamation of rights by NMSDC. (iii) Affiliate actions and communications shall positively reflect and bolster the NMSDC brand, mission, and vision. (iv) Affiliate commits to collaboratively enhancing the NMSDC Network by sharing data, best practices, and engaging in other mutually beneficial activities. (v) Affiliate will provide timely invitations to any meetings where a majority of NMSDC Affiliates are participating to ensure NMSDC can maintain the spirit of “One NMSDC” across the NMSDC Network. (vi) When requested by NMSDC, Affiliate shall send appropriate representative(s) to NMSDC sponsored events, training, meetings, or sessions. (vii) Affiliate shall name and maintain primary points of contact, as well as alternative points of contact for each critical function associated with the Affiliate Service Area. (viii) Affiliate CEO/President and council executive leadership staff shall be present in person during business hours at least nine (9) months of the year in the Affiliate Service Area. (ix) Affiliate shall complete and return to NMSDC, within the response time required by NMSDC, any and all reporting required by NMSDC as set out and updated via the SOW and NMSDC Affiliate Handbook. (x) Affiliate shall maintain financial management systems sufficient to provide all financial information reasonability necessary for prudent fiscal management of the organization; compliance with all contracts to which Affiliate is a party; and compliance with all reporting obligations under federal, state, and local tax laws and other applicable law. Affiliate shall, as necessary, consult with qualified accountants, bookkeepers, or other professionals for assistance in creating and maintaining such financial management systems. (xi) Affiliate shall notify NMSDC in a timely manner if and when Affiliate is involved in any legal action or labor dispute which may in any way involve potential exposure to NMSDC. (xii) Affiliate shall, at Affiliate’s expense, administer an annual review of its financial statements if operating revenues are less than $200,000 or an audit of its financial statements if operating revenues are $200,000 or more. Review or audit must be performed by an independent certified public accountant and in accordance with applicable state law. (xiii) Affiliate shall have up-to-date bylaws, IRS Form 990, and review/audit on file with the NMSDC. (xiv) Affiliate shall develop and submit to NMSDC a master calendar of expected yearly activities and events by year end for the following year.