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EIN 85-2988503

Pimento Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Minneapolis
State
Minnesota
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The Pimento Foundation provides business development experts and case managers to assist minority business owners in growing their businesses through collaborations and conventions. The foundation also grants funds to Black and minority business owners, connects them to vendors, encourages better coordination between economically focused organizations, bridges the cultural and experience gap between small Black businesses and current funding and support opportunities, and establishes an ecosystem of Black professionals to help.
Total revenues
$31,332
2023
Total expenses
$87,601
2023
Total assets
$57,389
2023
Num. employees
0
2021

Program areas at Pimento Foundation

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.

Who funds Pimento Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Association for Black Economic PowerSupport.$261,249

Personnel at Pimento Foundation

NameTitleCompensation
Shvonne L JohnsonExecutive Director
Hollies WinstonVice President$0
Victor JonesChairman$0
Shemeka BoganTreasurer$0
Kathy HansonVice President$0

Financials for Pimento Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$31,332
Program services$0
Membership dues$0
Investment income and dividends$0
Net gain from sale of non-inventory assets$0
Net income from gaming activities and fundraising events, combined$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$31,332

Form 990s for Pimento Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-11990EZView PDF
2022-122023-08-17990EZView PDF
2021-122022-11-17990View PDF
Data update history
December 27, 2024
Used new vendors
Identified 1 new vendor, including
October 6, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 4, 2023
Updated personnel
Identified 7 new personnel
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $261,249 from Association for Black Economic Power
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
2524 Nicollet Ave S
Minneapolis, MN 55404
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Phone
(202) 306-0645
IRS details
EIN
85-2988503
Fiscal year end
December
Taxreturn type
Form 990-EZ
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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