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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-2988503

PIMENTO FOUNDATION

Tax-exempt · MINNEAPOLIS, MN 55404

Financials

$31K$88K2023
Revenue Expenses · by fiscal year end
Financials of PIMENTO FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$31,332$87,601-$56,269$57,389–$57,389
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$31,332

Expenses

Grants and similar amounts paid
$80,376
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$2,475
Other expenses
$4,750
Program services (functional)
$80,376

Balance sheet and other

Total assets, start of year
$113,658
Total assets, end of year
$57,389
Total liabilities, end of year
–
Net assets, end of year
$57,389
Cash, savings and investments
$57,389
Gross receipts
$31,332

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Victor JonesChairman1$0
Hollies WinstonVice President1$0
Shemeka BoganTreasurer1$0
Marquita ButlerDirector1$0

Address and contacts

Address (IRS master file)
2524 NICOLLET AVE S, MINNEAPOLIS, MN 55404-4278
In care of
% DAVIS LAW OFFICE PLLC
Mailing address (990-N for 2020)
2825 Johnson ST NE, Minneapolis MN 55418
Principal officer (990-N for 2020)
Derek Beevas, 2825 Johnson St NE, Minneapolis MN 55418
Signed the 990-EZ
Shvonne L Johnson, Executive Director
Phone
(202) 306-0645
Return prepared by
Bayerkohler Ltd

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.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • 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.
    Expenses $80,376

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-N for PIMENTO FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-2988503
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$57,389
Income (IRS master file)
$31,332

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2023$31,332$87,601$57,389XML
990-EZDecember 2022–––IRS
990December 2021–––IRS
990-N for 2020
Officer: Derek Beevas
December 31, 2020≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2988503).

Questions about PIMENTO FOUNDATION

What is the EIN of PIMENTO FOUNDATION?
The employer identification number (EIN) of PIMENTO FOUNDATION is 85-2988503.
Is PIMENTO FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to PIMENTO FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PIMENTO FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of PIMENTO FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PIMENTO FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
Who is the principal officer of PIMENTO FOUNDATION?
The 990-N for 2020 names Derek Beevas.
Who are the officers and directors of PIMENTO FOUNDATION?
The 990-EZ for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
How much revenue does PIMENTO FOUNDATION have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $31,332, expenses of $87,601 and total assets of $57,389 at year end.

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