Civic Intelligence

Pimento Foundation

EIN 85-2988503 • 501(c)3 • Minneapolis, MN

Pub. 78 Eligible990-N Coverage

Profile

Providing business development experts and case manager to assist minority business owners grow their businesses including through collaborations and conventions. Provide grant funds to Black and minority business owners. Connect minority businesses to venture and other capital opportunities.

2524 Nicollet Ave SMinneapolis, MN 55404

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

3rd percentile

-641%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

18th percentile

-48%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-95%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$57,389

Down $56,269 (-50%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$57,389

Down $56,269 (-50%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin3rd percentile

Revenue

Up

$31,332

Up $15,021 (+92%) from 2022

Expenses

Down

$87,601

Down $33,186 (-27%) from 2022

Net Income

Up

-$56,269

Up $48,207 (+46%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $218,134Liabilities 2021: $0Net Assets 2021: $218,1342021Assets 2022: $113,658Liabilities 2022: $0Net Assets 2022: $113,6582022Assets 2023: $57,389Liabilities 2023: $0Net Assets 2023: $57,3892023

Highlighted filing

2023

Assets$57,389
Liabilities$0
Net Assets$57,389
Open 2023 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2021: $320,628Expenses 2021: $119,833Net Income 2021: $200,7952021Revenue 2022: $16,311Expenses 2022: $120,787Net Income 2022: -$104,4762022Revenue 2023: $31,332Expenses 2023: $87,601Net Income 2023: -$56,2692023

Highlighted filing

2023

Revenue$31,332
Expenses$87,601
Net Income-$56,269
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,389
Liabilities
$0
Net assets
$57,389
Revenue
$31,332
Expenses
$87,601
Net income
-$56,269
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.31$0.88$0.56
2022Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.16$1.21$1.04
2021Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$3.21$1.20$2.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$31,332
Mission and Program Overview

Mission

Providing business development experts and case manager to assist minority business owners grow their businesses including through collaborations and conventions. Provide grant funds to Black and minority business owners. Connect minority businesses to venture and other capital opportunities.

Program Services

DescriptionGrantsExpenses
We encouraged better coordination between active economically focused organizations, bridge the cultural and experience gap between small Black businesses and current funding and support opportunities, established an ecosystem of Black professionals to help Black businesses, and established a venture capital pipeline to support Black entrepreneurship across the Twin Cities by holding and convening summits and monthly town hall meetings.-$80,376
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Victor JonesChairman-$0--
Hollies WinstonVice President-$0--
Shemeka BoganTreasurer-$0--
Marquita ButlerDirector-$0--
Filing and Contact Details

Filer

Filer Name
Pimento Foundation
EIN
85-2988503
Phone
2023060645
Address
2524 Nicollet Ave S, Minneapolis, MN 55404

Signing Officer

Name
Shvonne L Johnson
Title
Executive Director
Signed
2024-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Bayerkohler Ltd
Address
11132 Zealand Ave N, Champlin, MN 55316
Preparer
Barbara Bayerkohler CPA
Phone
7637624401
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Pimento Relief Services | Donee's Address: 2524 Nicollet Ave Minneapolis MN 55404 | Cash Amount Given: $79326”

Other Expenses.1005

“Travel $379”

Other Expenses.1

“Rent $3731”

Other Expenses.2

“Supplies $630”

Other Expenses.3

“software $10”

Raw XML Appendix155 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Shemeka Bogan
IRS990EZ/BooksInCareOfDetail/PhoneNum06127355998
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 Nathan Lane North Apt 147
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Plymouth
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055441
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0113658
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt057389
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt031332
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-56269
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02475
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0113658
IRS990EZ/Form990TotalAssetsGrp/EOYAmt057389
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt080376
IRS990EZ/GrossReceiptsAmt031332
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0113658
IRS990EZ/NetAssetsOrFundBalancesEOYAmt057389
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0113658
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt057389
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Victor Jones
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Hollies Winston
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Shemeka Bogan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Marquita Butler
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt04750
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Providing business development experts and case manager to assist minority business owners grow their businesses including through collaborations and conventions. Provide grant funds to Black and minority business owners. Connect minority businesses to venture and other capital opportunities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0We encouraged better coordination between active economically focused organizations, bridge the cultural and experience gap between small Black businesses and current funding and support opportunities, established an ecosystem of Black professionals to help Black businesses, and established a venture capital pipeline to support Black entrepreneurship across the Twin Cities by holding and convening summits and monthly town hall meetings.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt080376
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt087601
IRS990EZ/TotalProgramServiceExpensesAmt080376
IRS990EZ/TotalRevenueAmt031332
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031333
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0320628
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt049338
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0417478
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0417478
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt031333
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt016179
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0320628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt049338
IRS990ScheduleA/Total509Grp/TotalAmt0417478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt031333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt016179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0320628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt049338
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0417478
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Pimento Relief Services | Donee's Address: 2524 Nicollet Ave Minneapolis MN 55404 | Cash Amount Given: $79326
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $379
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rent $3731
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Supplies $630
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4software $10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Shvonne L Johnson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Pimento Foundation
ReturnHeader/Filer/BusinessNameControlTxt0PIME
ReturnHeader/Filer/EIN0852988503
ReturnHeader/Filer/PhoneNum02023060645
ReturnHeader/Filer/USAddress/AddressLine1Txt02524 Nicollet Ave S
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055404
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0934537986
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bayerkohler Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011132 Zealand Ave N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Champlin
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055316
ReturnHeader/PreparerPersonGrp/PhoneNum07637624401
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barbara Bayerkohler CPA
ReturnHeader/ReturnTs02024-11-11T11:47:35-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.