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← PINKNEY FOUNDATION

Form 990 for tax year 2024

Filed by PINKNEY FOUNDATION.

Totals

Total revenue
$380,851
Total expenses
$356,632
Contributions and grants received
$312,586
Grants paid
$4,235
Program service revenue
$0
Investment income
$9,706
Other revenue
$58,559
Total assets, end of year
$289,177
Total liabilities, end of year
$1,621
Net assets or fund balances, end of year
$287,556
Program services expenses (Part IX)
$356,632
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$356,632

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $36,500

  • 1c · Fundraising events

    $276,086

  • 7a · Gross sales of assets other than inventory

    other assets $9,706

  • 7c · Gain or loss

    other assets $9,706

  • 7d · Net gain or loss

    total $9,706 · related or exempt $9,706

  • 8a · Fundraising events: contributions included on line 1c

    $276,086

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $99,104

  • 10b · Cost of goods sold

    $40,545

  • 10c · Net income from sales of inventory

    total $58,559 · related or exempt $58,559

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,235 · program services $2,235

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 7 · Other salaries and wages

    total $59,726 · program services $59,726

  • 10 · Payroll taxes

    total $6,780 · program services $6,780

  • 12 · Advertising and promotion

    total $6,964 · program services $6,964

  • 13 · Office expenses

    total $16,629 · program services $16,629

  • 16 · Occupancy

    total $112,205 · program services $112,205

  • 19 · Conferences, conventions and meetings

    total $9,304 · program services $9,304

  • 22 · Depreciation, depletion and amortization

    total $4,349 · program services $4,349

  • 23 · Insurance

    total $9,561 · program services $9,561

  • 24a · Other expenses: QUICKBOOKS

    total $786 · program services $786

  • 24b · Other expenses: SUPPLIES

    total $4,400 · program services $4,400

  • 24c · Other expenses: AUTO EXPENSE

    total $8,966 · program services $8,966

  • 24d · Other expenses: OPERATIONAL EXPENSES

    total $112,727 · program services $112,727

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,337 · end of year $12,786

  • 2 · Savings and temporary cash investments

    beginning of year $2,500 · end of year $56,671

  • 4 · Accounts receivable

    end of year $2,500

  • 8 · Inventories for sale or use

    beginning of year $20,000

  • 10a · Land, buildings and equipment: cost or other basis

    $217,220

  • 10c · Land, buildings and equipment, net

    beginning of year $217,220 · end of year $217,220

  • 15 · Other assets

    beginning of year $2,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,500 · end of year $1,621

  • 27 · Net assets without donor restrictions

    beginning of year $263,337 · end of year $287,556

Mission and programs · 2024

Mission

THE PINKNEY FOUNDATIONS MISSION IS TO EMPOWER UNDERSERVED YOUTH THROUGH GOLF, PROVIDING TRANSFORMATIVE OPPORTUNITIES THAT FOSTER PERSONAL GROWTH, RESILIENCE, AND A PATHWAY TO LIFELONG SUCCESS.

  • ACE KIDS GOLF THE FOUNDATIONS FLAGSHIP INITIATIVE, ACE KIDS GOLF, DELIVERED GOLF INSTRUCTION, LEADERSHIP TRAINING, AND TOURNAMENT ACCESS FOR YOUTH AGES 7-18. MONTHLY GOLF CLINICS PROIDED STRUCTURED ENTRY POINTS FOR NEW PLAYERS WHILE REINFORCING FOCUS, DISCIPLINE AND TEAMWORK. THE FOUNDATION ALSO LAUNCHED LADIES LEARN GOLF, A WOMEN ONLY CLINIC SERIES PROMOTING ACCESS, CONFIDENCE, AND COMMUNITY AMONG WOMEN AND GIRLS IN THE GAME.

    Expenses $205,400

  • THE PRIMETIME GOLF INDOOR FACILITY THE FOUNDATIONS PRIMETIME GOLF INDOOR FACILITY SERVED AS A YEAR ROUND HUB OFFERING HIGH-TECH TRAINING USING GOLFZON SIMULATORS, COACHING DELVELOPMENT, AND JOB EXPLORATION. IN PARTNERSHIP WITH NEW DOOR VENTURES, THREE YOUTH COMPLETED A 3-MONTH PAID INTERNSHIP, LEARNING GOLF OPERATIONS, CUSTOMER SERVICE AND LEADERSHIP SKILLS. THE FACILITY ALSO HOSTED A MONTHLY MENS FELLOWSHIP GATHERINGS AND MENTAL HEALTH WORKSHOPS TO SUPPORT COMMUNITY HEALING AND CONNECTION; PARTICULARLY FOR YOUTH AND MEN OF COLOR. CORPORATE AND SPECIAL EVENTS. THE FOUNDATION ALSO CONTINUED ITS 15-YEAR PARTNERSHIP WITH THE ALAMEDA COUNTY PROBATION DEPRTMENT, DELIVERING WEEKLY GOLF AND LIFE SKILLS PROGRAMMING TO INCARCERATED YOTH AT CAMP SWEENEY. THIS INITIATIVE SUPPORTS EMOTIONAL RESILIENCE, REENTRY PLANNING, AND LONG-TERM GOAL SETTING FOR SYSTEM-IMPACTED YOUTH. THE FOUNDATIONS MONTHLY FINANCIAL LITERACY WORKSHOPS LED BY FINANCIAL PROFESSIONALS, HELPED HIGH SCHOOL STUDENTS DEVELOP BUDGETING, SAVINGS, INVESTING, AND COLLEGE FUNDING SKILLS; PREPARING THEM FOR ECONOMIC INDEPENDENCE AND REAL WORLD SUCCESS. IN 2024, THE FOUNDATION ALSO EXPANDED COMMUNITY OUTREACH THROUGH THE PRIMETIME GOLF MOBILE SIMULATOR, POWERED BY DRYVEBOX AND SUPPORTED BY TOYOTA WALNUT CREEK. THIS MOBILE UNIT BROUGHT GOLF TO SCHOOLS, BLOCK PARTIES, AND COMMUNITY EVENTS, REMOVING ACCESS BARRIERS AND INTRODUCING HUNDREDS OF YOUNG PEOPLE TO GOLF AND STEM LEARNING IN THEIR OWN NEIGHBORHOODS. THE PINKNEY FOUNDATION REMAINS DEEPLY COMMITTED TO TRANSFORMING LIVES AND EXPANDING OPPORTUNITY THROUGH GOLF, MENTORSHIP, WELLNESS AND FINANCIAL EMPOWERMENT - BUILDING FUTURES ONE SWING, ONE SKILL AND ONE STUDENT AT A TIME. BEYOND LOCAL ACIVITIES, WE ALSO PROVIDED OPPORTUNITIES FOR YOUTH TO PARTICIPATE IN REGIONAL AND NATIONAL GOLF TOURNAMENTS. THESE TRAVEL EXPERIENCES ALLOWED PARTICIPANTS TO SHOWCASE THEIR SKILL, BUILD CONFIDENCE, AND FORM MEANINGFUL CONNECTIONS WITH PEERS AND MENOTRS FROM DIVERSE BACKGROUNDS. EXPOSURE TO THESE COMPETITIVE AND INSPIRATIONAL ENVIRONMENTS REINFORCED THE VALUES OF HARD WORK, SPORTSMANSHIP, AND PERSERVERANCE. THROUGH THESE COMBINED EFFORTS, OR PROGRAMS ARE CREATING A POSITIVE, LASTING IMPACT, HELPING YOUTH OF ALL BACKGROUNDS TO DISCOVER THEIR POTENTIAL ON AND OFF THE GOLF COURSE.

    Expenses $71,232

  • SCHOOL BREAKS AND SUMMER GOLF NOW IN ITS SECOND YEAR, THE FOUNDATIONS PARTNERSHIP WITH PIEDMONT PARKS & RECREATION EXPANDED ELEMENTARY-AGED CAMPS AND AFTER-SCHOOL ENRICHMENT, DELIVERING STRUCTURED GOLF AND LEADERSHIP PROGRAMMING DURING SCHOOL BREAKS AND SUMMER MONTHS.

    Expenses $45,000

  • YEAR-ROUND COMMUNITY EVENTS IN 2024, THE FOUNDATION ALSO EXPANDED COMMUNITY OUTREACH THROUGH THE PRIMETIME GOLF MOBILE SIMULATOR, POWERED BY DRYVEBOX AND SUPPORTED BY TOYOTA WALNUT CREEK. THIS MOBILE UNIT BROUGHT GOLF TO SCHOOLS, BLOCK PARTIES, AND COMMUNITY EVENTS, REMOVING ACCESS BARRIERS AND INTRODUCING HUNDREDS OF YOUNG PEOPLE TO GOLD AND STEM LEARNING IN THEIR OWN NEIGHBORHOODS.

    Expenses $35,000

As filed on the 2024 return.

Listed in Part VII

  • PRESTON PINKNEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40
  • RENEE DANIEL-KEETON

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    5
  • HENRY LOUBET

    MEMBER

    Total calculated
    $0
    Hours/week
    5
  • DAVE MCCANDLESS

    MEMBER

    Total calculated
    $0
    Hours/week
    5
  • MESHA PHILLIPS

    MEMBER

    Total calculated
    $0
    Hours/week
    5
  • DR WILLIAN RILEY

    MEMBER

    Total calculated
    $0
    Hours/week
    5
  • WILLIS WHITE

    MEMBER

    Total calculated
    $0
    Hours/week
    5
  • TOM WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    5
  • KEVIN MITCHELL

    MEMBER

    Total calculated
    $0
    Hours/week
    5
  • JAVONNIE PINKNEY

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    35
  • AARON GRANT III

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.2
Source object
202523479349300502

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