BEAM Collaborative
Legal name: Pittsburgh Minority Business Accelerator
Nonprofit profile at a glance
- EIN
- 871675373
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Pittsburgh, PA, USA
- Phone
- 4122297695
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $795,707
- Expenses
- $1,215,146
- Assets
- $1,209,294
- Liabilities
- $86,592
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JOEL BURSTEIN (CEO)
Highest reported compensation
- JOEL BURSTEIN (CEO): $220,400 total reported compensation
- JOSEPH MASSARO III (CSO): $200,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
BEAM Collaborative helps communities build stronger local economies by delivering AI-driven tools, practical education, and focused research that help entrepreneurs and organizations take real action.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 79
- Accountability: 91
- Sustainability: 20
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -52.7%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 34.6%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 39% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: -20.1% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 42.2% per year; rating input score 100; 95th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 80% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $972K in reported program spending
- Leadership: top reported pay $220K · 11 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $178K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.