Pittsburgh Minority Business Accelerator
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $795,707
- Spending
- $1.2 million
- Spent on programs
- 80%
- Reserves
- 9.1 months of spending
- Largest source of income
- donations and private grants, 73%
- Employees
- 7
- Volunteers
- 20
- Highest pay
- $220,400, ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 63 out of 100. Higher than 33% of charities in its peer group (human services, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 9.1 months of spending.
Debt
20 of 20It owes 7% of what it owns.
Living within its means
0 of 15Spending exceeded income by 53% of income.
Income trend
0 of 15Income fell 31% on the year before.
Spending floor
15 of 1580% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 93 out of 100. Higher than 87% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $972,377 spent. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.