Pink Fund Inc
- Assets
- $2.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Bingham Farms, MI
- Founding
- 03/2009
- Data as of
- 06/2023
- 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 06/2023, Pink Fund Inc employed 7 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 06/2023, Pink Fund Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PINK FUND PROVIDES FINANCIAL ASSISTANCE TO BREAST CANCER PATIENTS AND THEIR FAMILIES
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 PINK FUND PAYS THEIR CREDITORS DIRECTLY FOR UP TO THREE MONTHS, UP TO $3,000 TOTAL. IN THIS FISCAL YEAR, PINK FUND PAID A PORTION OF THE NECESSARY LIVING EXPENSES OF 530 BREAST CANCER PATIENTS IN 46 STATES BY PAYING THEIR CREDITORS DIRECTLY FOR: HOUSING - $595,088, UTILITIES - $198,038 TRANSPORTATION - $229,702, MEDICAL INSURANCE - $15,696, OTHER - $576
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 PINK FUND PAYS THEIR CREDITORS DIRECTLY FOR UP TO THREE MONTHS, UP TO $3,000 TOTAL. IN THIS FISCAL YEAR, PINK FUND PAID A PORTION OF THE NECESSARY LIVING EXPENSES OF 530 BREAST CANCER PATIENTS IN 46 STATES BY PAYING THEIR CREDITORS DIRECTLY FOR: HOUSING - $595,088, UTILITIES - $198,038 TRANSPORTATION - $229,702, MEDICAL INSURANCE - $15,696, OTHER - $576
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. IN THIS FISCAL YEAR, PINK FUND PAID A PORTION OF THE NECESSARY LIVING EXPENSES OF 15 BREAST CANCER PATIENTS IN 15 STATES BY PAYING THEIR CREDITORS DIRECTLY FOR: HOUSING - $63.564, UTILITIES - $8,692, TRANSPORTATION - $4,415 AND MEDICAL INSURANCE - $691.
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. IN THIS FISCAL YEAR, PINK FUND PAID A PORTION OF THE NECESSARY LIVING EXPENSES OF 15 BREAST CANCER PATIENTS IN 15 STATES BY PAYING THEIR CREDITORS DIRECTLY FOR: HOUSING - $63.564, UTILITIES - $8,692, TRANSPORTATION - $4,415 AND MEDICAL INSURANCE - $691.
OUR REAL HOPE NOW PATIENT ADVOCACY AND EDUCATION PROGRAM PROVIDES EDUCATION THROUGH SOCIAL MEDIA POSTS, PUBLIC SERVICE ANNOUNCEMENTS AND ONLINE MATERIALS TARGETING BREAST CANCER PATIENTS WITH EDUCATION ON TOPICS TO HELP AVERT THE FINANCIAL BURDENS THEY MAY EXPERIENCE.
OUR REAL HOPE NOW PATIENT ADVOCACY AND EDUCATION PROGRAM PROVIDES EDUCATION THROUGH SOCIAL MEDIA POSTS, PUBLIC SERVICE ANNOUNCEMENTS AND ONLINE MATERIALS TARGETING BREAST CANCER PATIENTS WITH EDUCATION ON TOPICS TO HELP AVERT THE 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 | $149,165 |
Thomas Pettit Secretary And Comptroller | Officer | 30 | $28,126 |
Ashley Hjelle Treasurer And Director | OfficerTrustee | 2 | $0 |
Heidi Floyd Director | Trustee | 1 | $0 |
Linda Ross JD Director | Trustee | 1 | $0 |
Dan Sherman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,613 |
| Membership dues | $0 |
| Fundraising events | $46,200 |
| Related organizations | $0 |
| Government grants | $111,631 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,970,478 |
| Noncash contributions included in lines 1a–1f | $15,877 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,129,922 |
| Total Program Service Revenue | $0 |
| Investment income | $18,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,673 |
| Net Income from Fundraising Events | -$19,678 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,119,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,116,462 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,893 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,926 |
| Pension plan accruals and contributions | $15,326 |
| Other employee benefits | $6,777 |
| Payroll taxes | $40,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,562 |
| Fees for services: Accounting | $33,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,629 |
| Fees for services: Other | $800 |
| Advertising and promotion | $271,730 |
| Office expenses | $75,890 |
| Information technology | $68,968 |
| Royalties | $0 |
| Occupancy | $40,894 |
| Travel | $51,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,872 |
| Insurance | $3,345 |
| All other expenses | $8,956 |
| Total functional expenses | $2,381,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273 |
| Savings and temporary cash investments | $178,266 |
| Pledges and grants receivable | $1,273,445 |
| Accounts receivable, net | $13,459 |
| 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 | $12,011 |
| Net Land, buildings, and equipment | $107,764 |
| Investments—publicly traded securities | $568,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,185 |
| Total assets | $2,188,621 |
| Accounts payable and accrued expenses | $48,227 |
| Grants payable | $106,462 |
| 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 | $35,185 |
| Total liabilities | $189,874 |
| Net assets without donor restrictions | $218,811 |
| Net assets with donor restrictions | $1,779,936 |
| 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 | $2,188,621 |