Pink Fund Inc
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Bingham Farms, MI
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 45-0544575
Organization Overview
Pink Fund Inc is located in Bingham Farms, MI. The organization was established in 2009. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Pink Fund Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pink Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pink Fund Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 15.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PINK FUND PROVIDES FINANCIAL ASSISTANCE TO BREAST CANCER PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MAJOR PROGRAM PAYS NORMAL LIVING EXPENSE OF BREAST CANCER PATIENTS WHOSE INCOME IS AFFECTED BY DIAGNOSIS AND TREATMENT BUT ARE EXPECTED TO RETURN TO WORK. GRANTEES SUBMIT THEIR BILLS AND THE PINK FUND PAYS THEIR CREDITORS DIRECTLY FOR UP TO THREE MONTHS, UP TO $3,000 TOTAL. THE PINK FUND PAID A PORTION OF THE NECESSARY LIVING EXPENSES OF 362 BREAST CANCER PATIENTS IN 42 STATES BY PAYING THEIR CREDITORS DIRECTLY FOR: HOUSING - $624,929, UTILITIES - $144,536 TRANSPORTATION - $181,774, MEDICAL INSURANCE - $37,682, OTHER - $6,715
THE MARY HERCZOG FUND IS FOR METASTATIC BREAST CANCER PATIENTS WHO ARE NOT EXPECTED TO RETURN TO WORK. GRANTEES SUBMIT THEIR BILLS AND THE PINK FUND PAYS THEIR CREDITORS DIRECTLY FOR UP TO 6 MONTHS, UP TO $6,000. THE PINK FUND PAID A PORTION OF THE NECESSARY LIVING EXPENSES OF 17 BREAST CANCER PATIENTS IN 9 STATES BY PAYING THEIR CREDITORS DIRECTLY FOR: HOUSING - $20,394, UTILITIES - $13,499 TRANSPORTATION - $7,672, MEDICAL INSURANCE - $2,033, OTHER - $1,670
OUR REAL HOPE NOW PATIENT ADVOCACY AND EDUCATION PROGRAM PROVIDES ONLINE EDUCATION, SOCIAL MEDIA POSTS AND PUBLIC SERVICE ANNOUNCEMENTS TARGETING THE NEWLY-DIAGNOSED BREAST CANCER PATIENT WITH EDUCATION ON TOPICS TO HELP AVERT FINANCIAL BURDENS THEY MAY EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Macdonald President, Director, CEO | OfficerTrustee | 60 | $147,900 |
Thomas Pettit Secretary And Comptroller | Officer | 24 | $21,280 |
Shannon Crone Treasurer And Director | OfficerTrustee | 4 | $0 |
Fran Parsons Vice President | Officer | 10 | $0 |
Gary Kadlec Chairman And Director | Trustee | 2 | $0 |
Dan Sherman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,919 |
| Membership dues | $0 |
| Fundraising events | $65,845 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,462,624 |
| Noncash contributions included in lines 1a–1f | $24,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,530,388 |
| Total Program Service Revenue | $0 |
| Investment income | $11,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$348 |
| Net Income from Fundraising Events | -$20,877 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,520,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,040,904 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,713 |
| Compensation of current officers, directors, key employees. | $22,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,537 |
| Pension plan accruals and contributions | $11,924 |
| Other employee benefits | $3,633 |
| Payroll taxes | $32,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,006 |
| Fees for services: Other | $3,796 |
| Advertising and promotion | $208,206 |
| Office expenses | $43,725 |
| Information technology | $18,172 |
| Royalties | $0 |
| Occupancy | $7,624 |
| Travel | $24,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,152 |
| Insurance | $3,104 |
| All other expenses | $0 |
| Total functional expenses | $1,905,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $385,386 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,683 |
| Net Land, buildings, and equipment | $72,695 |
| Investments—publicly traded securities | $620,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,219 |
| Other assets | $0 |
| Total assets | $1,294,864 |
| Accounts payable and accrued expenses | $23,850 |
| Grants payable | $76,886 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,736 |
| Net assets without donor restrictions | $137,568 |
| Net assets with donor restrictions | $1,056,560 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,294,864 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pink Fund Inc has recieved totaling $133,452.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $50,000 |
Lingenfelter Foundation Brighton, MI PURPOSE: GENERAL ASSISTANCE | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $23,250 |
Give Lively Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $17,325 |
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT BREAST CANCER PATIENTS | $11,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,627 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lorain County Alcohol And Drug Abuse Services Inc Lorain, OH | $9,389,055 | $9,939,919 |
Childrens Autism Centerincorporated Fort Wayne, IN | $8,774,831 | $9,960,141 |
Northern Ohio Handicapped Fund Burton, OH | $172,519 | $6,181,567 |
Mid-Michigan Recovery Services Lansing Regional Area Inc Lansing, MI | $1,830,005 | $3,018,178 |
T-1 Today Inc West Chester, OH | $2,354,893 | $2,324,834 |
Pink Fund Inc Bingham Farms, MI | $1,294,864 | $1,520,603 |
Hispanic Urban Minority Alcoholism And Drug Abuse Outreach Program Cleveland, OH | $447,343 | $1,570,826 |
Cleveland Urban Minority Alcoholism Drug Abuse Outreach Project Cleveland, OH | $220,740 | $1,293,287 |
American Contact Dermatitis Society Milwaukee, WI | $2,011,445 | $820,776 |
Ehe Foundation Hobart, WI | $1,985,458 | $1,636,401 |
Lupus Foundation Of America Greater Ohio Chapter Inc Brecksville, OH | $410,748 | $638,300 |
Camp Ho Mita Koda Foundation Newbury, OH | $1,245,478 | $595,104 |