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Nonprofit · EIN 87-1675373

PITTSBURGH MINORITY BUSINESS ACCELERATOR

Tax-exempt · PITTSBURGH, PA 15205

Financials

$1.1M$847K2023$796K$1.2M2024
Revenue Expenses · by fiscal year end
Financials of PITTSBURGH MINORITY BUSINESS ACCELERATOR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$795,707$1,215,146-$419,439$1,209,294$86,592$1,122,702
December 31, 2023990$1,149,289$847,119$302,170$847,341$55,200$792,141
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$577,250
Program service revenue
$211,768
Investment income
$6,689
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,295
Compensation of officers, directors and key employees
$420,400
Other salaries and wages
$149,333
Salaries, compensation and benefits (total)
$629,250
Professional fundraising fees
$0
Legal fees
$2,500
Accounting fees
$51,660
Occupancy
$18,480
Travel
$42,946
Program services (functional)
$972,377
Management and general (functional)
$242,769

Balance sheet and other

Total assets, start of year
$847,341
Total assets, end of year
$1,209,294
Total liabilities, end of year
$86,592
Net assets, end of year
$1,122,702
Net assets without donor restrictions
$921,815
Net assets with donor restrictions
$200,887
Gross receipts
$795,707
Employees
7
Volunteers
20
Year formed
2021
State of legal domicile
PA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOEL BURSTEINCEO
Officer
40$199,326$21,074
JOSEPH MASSARO IIICSO
Officer
40$199,569$431
WILL ALLENCHAIR
Trustee or director, Officer
2$0$0
PATRICIA WARRICKSECRETARY
Trustee or director, Officer
2$0$0
ANGELA BLANTONDIRECTOR
Trustee or director
2$0$0
BLAYRE HOLMESDIRECTOR
Trustee or director
2$0$0
ROBERT CHERRYDIRECTOR
Trustee or director
2$0$0
JASON HAZELWOODDIRECTOR
Trustee or director
2$0$0
MAJESTIC LANEDIRECTOR
Trustee or director
2$0$0
DAVID MALONEDIRECTOR
Trustee or director
2$0$0
SHON YATESDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
JOEL BURSTEINCEO
Officer
40$199,738$21,724
JOSEPH MASSARO IIICSO
Officer
40$195,023$7,744
WILL ALLENCHAIR
Trustee or director, Officer
2$0$0
PATRICIA WARRICKSECRETARY
Trustee or director, Officer
2$0$0
ANGELA BLANTONDIRECTOR
Trustee or director
2$0$0
BLAYRE BRITTONDIRECTOR
Trustee or director
2$0$0
ROBERT CHERRYDIRECTOR
Trustee or director
2$0$0
JASON HAZELWOODDIRECTOR
Trustee or director
2$0$0
MAJESTIC LANEDIRECTOR
Trustee or director
2$0$0
DAVID MALONEDIRECTOR
Trustee or director
2$0$0
SHON YATESDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
4955 STEUBENVILLE PIKE STE 300, PITTSBURGH, PA 15205-9604
In care of
% JOEL N BURSTEIN
Principal officer (990 for 2024)
JOEL BURSTEIN JR, 4955 STEUBENVILLE PIKE 300, PITTSBURGH, PA 15205
Signed the 990
JOEL BURSTEIN JR, CEO
Phone
(412) 229-7695
Return prepared by
GROSSMAN YANAK & FORD LLP

Mission

BEAM COLLABORATIVE WORKS WITH ECONOMICALLY CHALLENGED BUSINESSES AND WELL-ESTABLISHED ANCHOR INSTITUTIONS IN SOUTHWESTERN PENNSYLVANIA TO BUILD A MORE EQUITABLE AND RESILIENT BUSINESS ENVIRONMENT. SEE CONTINUATION ON SCHEDULE O.BEAM STARTS WITH DEEP ANALYSIS OF THE PROCUREMENT DATA FROM A DOZEN OF THE PITTSBURGH REGION'S LARGE ANCHOR INSTITUTIONS WHO ARE DRIVING THE LOCAL ECONOMY, AND PAIRS IT WITH DEVELOPMENT COACHING AND CAPACITY-BUILDING FOR LOCAL MINORITY-OWNED BUSINESSES. USING THIS UNIQUE AND DATA-INFORMED MODEL, BEAM TAPS INTO THE POTENTIAL OF THE MINORITY BUSINESS COMMUNITY, EFFECTIVELY ADDRESSING SUPPLIER CHALLENGES AND IMPROVING SUPPLIER DIVERSITY, LOCAL HIRING, TRAINING AND GROWTH.

990 for the year ended December 31, 2024

Program accomplishments

  • BEAM HAS ENGAGED WITH 25 MINORITY OWNED BUSINESSES THROUGHOUT THE FISCAL YEAR GENERATING OVER $2.5 MILLION IN DIVERSE SPEND IN THE REGION.BEAM COLLABORATIVE WAS ABLE TO SECURE CONTRACTS WITH FOUR AREA COMPANIES THROUGH OUR IDEATION SESSION WORK. MORE THAN 50 IDEAS WERE GENERATED WITH 24 PROBLEMS BEING REFINED AND 12 ACTIVELY IN PROCESS WITH MINORITY OWNED BUSINESSES. SEE CONTINUATION ON SCHEDULE O.IN SEPTEMBER, WE LAUNCHED THE BEAM PROCUREMENT COLLABORATIVE WITH 13 ANCHOR CORPORATIONS, INSTITUTIONS AND GOVERNMENTAL ORGANIZATIONS PARTICIPATING. THEY ARE CURRENTLY ENGAGED BY PROVIDING TWO YEARS WORTH OF THEIR SPEND DATA, LEARNING HOW TO MAKE ADJUSTMENTS TO THEIR PROCUREMENT PROCESSES AND BEING MORE TARGETED WITH THEIR DIVERSE SPENDING EFFORTS. BEAM HAS MET WITH THE BROOKINGS INSTITUTE TO FURTHER EVALUATE OUR DATA ANALYTICS FOR NATIONAL PUBLICATION.
    Expenses $972,377 · grants $1,295 · revenue $211,768

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-1675373
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$1,209,294
Income (IRS master file)
$795,707

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$795,707$1,215,146$1,209,294XML
990December 2023$1,149,289$847,119$847,341XML
990December 2022$1,220,000$730,029$492,102IRS

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 87-1675373).

Questions about PITTSBURGH MINORITY BUSINESS ACCELERATOR

What is the EIN of PITTSBURGH MINORITY BUSINESS ACCELERATOR?
The employer identification number (EIN) of PITTSBURGH MINORITY BUSINESS ACCELERATOR is 87-1675373.
Is PITTSBURGH MINORITY BUSINESS ACCELERATOR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to PITTSBURGH MINORITY BUSINESS ACCELERATOR tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PITTSBURGH MINORITY BUSINESS ACCELERATOR file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PITTSBURGH MINORITY BUSINESS ACCELERATOR 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 PITTSBURGH MINORITY BUSINESS ACCELERATOR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PITTSBURGH MINORITY BUSINESS ACCELERATOR?
The 990 for the year ended December 31, 2024 names JOEL BURSTEIN JR.
Who are the officers and directors of PITTSBURGH MINORITY BUSINESS ACCELERATOR?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $199,326 (JOEL BURSTEIN, CEO).
How much revenue does PITTSBURGH MINORITY BUSINESS ACCELERATOR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $795,707, expenses of $1,215,146 and total assets of $1,209,294 at year end.

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