Overview

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Est.

2021

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Pittsburgh Minority Business Accelerator (EIN: 87-1675373) is a nonprofit organization dedicated to promoting human rights and human services by supporting economically challenged businesses in Southwestern Pennsylvania. With an operating budget of $1.2 million and total revenue of $795.7K, the organization employs a data-informed model to enhance supplier diversity and local hiring through development coaching and capacity-building for minority-owned businesses. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit beamcollaborative.org.

Mission Statement

BEAM COLLABORATIVE WORKS WITH ECONOMICALLY CHALLENGED BUSINESSES AND WELL-ESTABLISHED ANCHOR INSTITUTIONS IN SOUTHWESTERN PENNSYLVANIA TO BUILD A MORE EQUITABLE AND RESILIENT BUSINESS ENVIRONMENT. 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.
Revenues
$795.7K
Expenses
$1.2M
Net Income:
-$419.4K
Assets
$1.2M
Liabilities
$86.6K
Net Assets:
+$1.1M
Operating Budget
$1.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$250K
Largest grant received
$750K
J
Joel Burstein
Board Member
S
Shon Yates
Board Member
M
Majestic Lane
Board Member

Frequently Asked Questions

What is PITTSBURGH MINORITY BUSINESS ACCELERATOR’s budget?
In 2024, PITTSBURGH MINORITY BUSINESS ACCELERATOR reported an annual operating budget of around $1.2 million. More detailed financial information is available to registered users.
What causes does PITTSBURGH MINORITY BUSINESS ACCELERATOR support?
PITTSBURGH MINORITY BUSINESS ACCELERATOR supports work in Human rights and Human services.
Where does PITTSBURGH MINORITY BUSINESS ACCELERATOR operate?
PITTSBURGH MINORITY BUSINESS ACCELERATOR is headquartered in Pittsburgh, PA.
Who funded PITTSBURGH MINORITY BUSINESS ACCELERATOR recently?
In 2024, PITTSBURGH MINORITY BUSINESS ACCELERATOR received grants from HILLMAN FAMILY FOUNDATIONS, RICHARD KING MELLON FOUNDATION, and HIGHMARK FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant PITTSBURGH MINORITY BUSINESS ACCELERATOR received in 2024?
The largest grant to PITTSBURGH MINORITY BUSINESS ACCELERATOR in 2024 exceeds $750 thousand.