Civic Intelligence

Pimento Foundation

990EZ • Fiscal year 2022 • EIN 85-2988503

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 17, 2023

Organization ProfileN/A
2524 Nicollet Ave SMinneapolis, MN 55404

(202) 306-0645

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

2nd percentile

-641%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

10th percentile

-48%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

3rd percentile

-95%

Faster revenue growth than 3% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$113,658

Down $104,476 (-48%) from 2021

Net Assets

Down

$113,658

Down $104,476 (-48%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin2nd percentile

Revenue

Down

$16,311

Down $304,317 (-95%) from 2021

Expenses

Up

$120,787

Up $954 (+0.8%) from 2021

Net Income

Down

-$104,476

Down $305,271 (-152%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2022

Assets$113,658
Liabilities$0
Net Assets$113,658
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$16,311
Expenses$120,787
Net Income-$104,476
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 17, 2023
Return Version
2022v5.0
Gross Receipts
$16,311
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.-$115,320
Compensation and Service Providers
Top Officer Pay78th 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
2023-08-17
Discuss with paid preparer
Yes

Preparer

Firm
Bayerkohler & Graff Ltd
Address
11132 Zealand Ave N, CHAMPLIN, MN 55316
Preparer
Barbara Bayerkohler CPA
Phone
7634272542
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: $115300”

Other Expenses.1001

“Advertising and Promotion $20”

Other Expenses.1

“Events $407”

Other Expenses.2

“Repair & Maintenance $300”

Other Expenses.3

“Rent $203”

Other Expenses.4

“Bank Charges $132”

Raw XML Appendix160 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.

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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherExpensesTotalAmt01062
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IRS990EZ/PoliticalCampaignActyInd0false
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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.
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IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TotalExpensesAmt0120787
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IRS990EZ/TotalRevenueAmt016311
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt016179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0320628
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt049338
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0386145
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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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: $115300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $20
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Events $407
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Shvonne L Johnson
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ReturnHeader/Filer/PhoneNum02023060645
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ReturnHeader/ReturnTs02023-08-17T05:59:29-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Shvonne L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Johnson
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,658
Liabilities
$0
Net assets
$113,658
Revenue
$16,311
Expenses
$120,787
Net income
-$104,476
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