Pinky Swear Foundation
- Assets
- $12.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Edina, MN
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 56-2384527
Organization Overview
Pinky Swear Foundation is located in Edina, MN. The organization was established in 2004. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Pinky Swear Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinky Swear Foundation 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 12/2023, Pinky Swear Foundation generated $4.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL AND EMOTIONAL SUPPORT TO FAMILIES WITH CHILDREN BATTLING CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY SUPPORT-AT PINKY SWEAR FOUNDATION, WE UNDERSTAND THAT THE FINANCIAL AND EMOTIONAL BURDENS OF CHILDHOOD CANCER CAN BE OVERWHELMING FOR FAMILIES. THAT'S WHY WE PROVIDE DIRECT FINANCIAL AID FOR BASIC NEEDS, STABLE HOUSING, RELIABLE TRANSPORTATION, GROCERIES, PAYMENTS FOR BILLS, AND MEMORABLE EXPERIENCES THAT CREATE EMOTIONAL SUPPORT FOR FAMILIES. WE ALSO PROVIDE CONVENIENT, STOCKED FOOD PANTRIES IN FOUR HOSPITALS TO REDUCE EXPENSES FOR PARENTS AND FAMILY MEMBERS WHO WANT TO STAY WITH THEIR SICK CHILD.LAST YEAR, WE SUPPORTED MORE THAN 2,000 FAMILIES ACROSS OUR PROGRAMS. WE DISTRIBUTED MORE THAN 1,250 ORANGE ENVELOPES AND PROVIDED MORE THAN $1.3 MILLION IN FINANCIAL ASSISTANCE THROUGH THE ALL-STAR FUND. WE ALSO PROVIDED ACCESS TO OUR PANTRIES TO 6,900 INDIVIDUALS.
EDUCATION/AWARENESS-WE ARE PASSIONATELY COMMITTED TO INCREASING THE AWARENESS AND UNDERSTANDING OF CHILDHOOD CANCER AND ITS IMPACT ON FAMILIES. BY SHARING STORIES, PHOTOS, AND VIDEOS FEATURING PINKY SWEAR ALL-STARS (KIDS WITH CANCER), THE FINANCIAL AND EMOTIONAL HARDSHIPS THAT REAL FAMILIES FACE BECOME TANGIBLE AND RELATABLE. WE UTILIZE A MIX OF COMMUNICATION CHANNELS TO DEMONSTRATE THE IMPACT PINKY SWEAR FOUNDATION HAS ON OUR ALL-STAR FAMILIES AND HOW OTHERS CAN HELP.
STUDENT DEVELOPMENT-PINKY SWEAR FOUNDATION ENCOURAGES PERSONAL DEVELOPMENT OF YOUNG LEADERS THROUGH GOAL SETTING AND ENTREPRENEURSHIP WHILE HELPING KIDS WITH CANCER. WE HAVE THE PINKY SWEAR PACK YOUTH PROGRAM THAT EMPOWERS STUDENTS TO PARTICIPATE IN CHILDHOOD CANCER AWARENESS AND SUPPORT INITIATIVES THROUGHOUT THE SCHOOL YEAR. THROUGH THESE YOUTH DEVELOPMENT ACTIVITIES, WE AIM TO INSPIRE THE SERVANT-LEADERSHIP MENTALITY INSPIRED BY THE ORIGINAL PINKY SWEAR PROMISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Campbell Executive Director | OfficerTrustee | 40 | $157,419 |
Karla Vehrs Board Chair | OfficerTrustee | 2 | $0 |
Jeff Wenngatz Vice Chair | OfficerTrustee | 2 | $0 |
Peter Carlson Secretary | OfficerTrustee | 1 | $0 |
Julie Moss Treasurer | OfficerTrustee | 1 | $0 |
Geoff Bartsh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $735 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,448,447 |
| Noncash contributions included in lines 1a–1f | $70,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,449,182 |
| Total Program Service Revenue | $0 |
| Investment income | $223,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,591,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,577,317 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,247 |
| Compensation of current officers, directors, key employees. | $17,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $861,841 |
| Pension plan accruals and contributions | $21,107 |
| Other employee benefits | $71,907 |
| Payroll taxes | $77,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $720 |
| Fees for services: Accounting | $74,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,420 |
| Advertising and promotion | $26,310 |
| Office expenses | $101,549 |
| Information technology | $74,163 |
| Royalties | $0 |
| Occupancy | $43,500 |
| Travel | $19,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,098 |
| Insurance | $12,041 |
| All other expenses | $11,948 |
| Total functional expenses | $3,394,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,513 |
| Savings and temporary cash investments | $935,222 |
| Pledges and grants receivable | $5,000 |
| 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 | $34,194 |
| Net Land, buildings, and equipment | $4,186 |
| Investments—publicly traded securities | $11,025,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,070 |
| Total assets | $12,678,041 |
| Accounts payable and accrued expenses | $60,403 |
| Grants payable | $0 |
| 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 | $72,951 |
| Total liabilities | $133,354 |
| Net assets without donor restrictions | $915,233 |
| Net assets with donor restrictions | $11,629,454 |
| 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 | $12,678,041 |