Pimento Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852988503 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Pimento Foundation?

The Pimento Foundation is a nonprofit organization committed to supporting minority business owners, particularly those from the Black community. It offers business development experts and case managers to aid in their growth through collaborations and conventions. Furthermore, the foundation provides financial assistance in the form of grants to eligible entrepreneurs. Additionally, it connects these business owners with potential vendors and advocates for improved coordination between economically focused organizations. The Pimento Foundation also strives to bridge the cultural and experience gap between small Black businesses and current funding and support opportunities. Lastly, it fosters an ecosystem of Black professionals to offer ongoing assistance to these businesses.

Is Pimento Foundation legitimate?

Pimento Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pimento Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Pimento Foundation?

The Pimento Foundation's mission is centered around assisting minority business owners in their growth journey. By providing business development experts and case managers, the foundation aims to facilitate collaborations and conventions for these entrepreneurs. Additionally, the foundation offers financial grants to Black and minority business owners and connects them to potential vendors. The Pimento Foundation also works towards bridging the cultural and experience gap between small Black businesses and existing funding and support opportunities. Lastly, the organization fosters an ecosystem of Black professionals to aid in the growth and success of these businesses.

Who is the CEO of Pimento Foundation?

Hollies Winston is the Vice President of Pimento Foundation.

What is the revenue of Pimento Foundation?

Pimento Foundation's revenue in 2022 was $16,311.

Who are the executives of Pimento Foundation and what are their salaries?


Here are 4 key members and their salaries:


Victor Jones (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hollies Winston (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shemeka Bogan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marquita Butler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Pimento Foundation?

Pimento Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Pimento Foundation

The Pimento Foundation, a non-profit organization, is committed to aiding minority business owners in their growth journey. Its mission revolves around providing business development experts and case managers to facilitate collaborations and conventions. This is done with the aim of helping these entrepreneurs expand their enterprises. In addition to this, the foundation offers financial assistance in the form of grants to Black and minority business owners. Furthermore, Pimento Foundation acts as a bridge, connecting these entrepreneurs with potential vendors and encouraging better coordination within economically focused organizations. The organization recognizes and seeks to bridge the cultural and experience gap that often exists between small Black businesses and current funding and support opportunities. Lastly, Pimento Foundation fosters an ecosystem of Black professionals to assist these business owners, providing them with the necessary support to thrive.

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Impact




August, 2024

The Pimento Foundation's impact is profound in the community. By providing business development experts and case managers to assist minority business owners, the foundation is actively supporting the growth and success of these businesses. Through collaborations, conventions, and grants, Pimento Foundation is creating opportunities for Black and minority business owners to thrive. Additionally, the foundation's efforts in connecting these entrepreneurs to vendors, fostering coordination among economically focused organizations, and bridging gaps in experience and funding support are instrumental in building a strong ecosystem for Black professionals. The impact of the Pimento Foundation extends beyond just financial assistance, as it plays a vital role in empowering minority entrepreneurs and fostering economic growth in the community.




This information is meant to be a general summary of Pimento Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$16,311 (2022)
Expenses
$120,787 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $16,311

Assets and Liabilities:

  • Total Assets: $113,658
  • Total Liabilities: $0
  • Net Assets: $113,658

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Organization Details

Principal Officer

Hollies Winston

Main Address

2524 Nicollet Ave S, Minneapolis, MN, 55404

NTEE Category

Code: T50 - Philanthropy

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