Civic Intelligence

Pimento Foundation

990EZ • Fiscal year 2023 • EIN 85-2988503

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

4th percentile

-180%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

11th percentile

-50%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

92%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$57,389

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

Net Assets

Down

$57,389

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

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin4th 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

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2023

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

Operations Trend

Revenue Growth89th 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

2023

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

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IRS990EZ/OtherExpensesTotalAmt04750
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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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt080376
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt031332
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031333
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0417478
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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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
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4software $10
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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
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0934537986
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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.

Filings

Displayed 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