NonprofitsPittsburgh Minority Business Accelerator

Human Services

Pittsburgh Minority Business Accelerator

PITTSBURGH, PA

Total revenue

$796K

Total expenses

$1.2M

Net assets

$1.1M

Grants received

$2.9M

8 grants

EIN

871675373

Tax year

2024

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. 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.

Financials

FY 2024

Revenue

Contributions & grants$577K
Program service revenue$212K
Investment income$7K
Other revenue
Total revenue$796K

Expenses

Grants paid$1K
Salaries & benefits$629K
Fundraising
Other expenses$585K
Total expenses$1.2M
Total assets$1.2M
Net assets$1.1M

People

11 listed

NameRoleCompensation

JOSEPH MASSARO III

CSO

Board

$200K

40 hrs/wk

JOEL BURSTEIN

CEO

Board

$199K

40 hrs/wk

ANGELA BLANTON

DIRECTOR

Board

2 hrs/wk

BLAYRE HOLMES

DIRECTOR

Board

2 hrs/wk

ROBERT CHERRY

DIRECTOR

Board

2 hrs/wk

WILL ALLEN

CHAIR

Board

2 hrs/wk

MAJESTIC LANE

DIRECTOR

Board

2 hrs/wk

DAVID MALONE

DIRECTOR

Board

2 hrs/wk

SHON YATES

DIRECTOR

Board

2 hrs/wk

JASON HAZELWOOD

DIRECTOR

Board

2 hrs/wk

PATRICIA WARRICK

SECRETARY

Board

2 hrs/wk

Independent contractors

U3 ADVISORS

CONSULTING SERVICE

$178K

Grants received

Showing 8 of 8

FromAmountPurposeYear
$750K
OPERATING SUPPORT AND PROCUREMENT INITIATIVE WITH ANCHOR CORPORATIONS
2024
$250K
TO PROVIDE COACHING AND SUPPORT TO MINORITY-OWNED BUSINESSES IN PITTSBURGH
2024
$40K
TO SUPPORT PLANNING GRANT TO ASSESS PITTSBURGH-AREA FOOD DESERTS
2024
$750K
OPERATING SUPPORT AND PROCUREMENT INITIATIVE WITH ANCHOR CORPORATIONS
2023
$160K
To fund food security program.
2023
$20K
PROGRAM SUPPORT
2023
$455K
PITTSBURGH MINORITY BUSINESS ACCELERATOR BEAM COLLABORATIVE
2022
$427K
PROGRAM SUPPORT
2022

Funded by

$2.9M from 5 funders · 8 grants · 2022–2024

Hillman Family Foundations

$2.0M · 3 grants · 2022–2024

Allegheny Conference On Community

$427K · 1 grant · 2022

Richard King Mellon Foundation

$250K · 1 grant · 2024

Highmark Foundation

$200K · 2 grants · 2023–2024

Poise Foundation

$20K · 1 grant · 2023

Details

EIN871675373
NTEE codeP20
Subsection03
Ruling date2022-02
Formed2021
Employees7
Volunteers20
PITTSBURGH MINORITY BUSINESS ACCELERATOR — Mission, Financials & Grants Received | Grantivo