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Nonprofiteer
← PINK FUND INC

Form 990 for tax year 2023

Filed by PINK FUND INC.

Totals

Total revenue
$2,038,194
Total expenses
$2,551,171
Contributions and grants received
$2,066,734
Grants paid
$1,210,349
Program service revenue
$0
Investment income
$56,659
Other revenue
-$85,199
Total assets, end of year
$1,911,418
Total liabilities, end of year
$400,025
Net assets or fund balances, end of year
$1,511,393
Program services expenses (Part IX)
$2,006,678
Management and general expenses
$123,161
Fundraising expenses
$421,332
Program service expenses (Part III)
$2,006,678

Program services were 78.7% 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

    $632

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $299,948

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $25,000

  • 1f · All other contributions, gifts and grants

    $1,741,154

  • 1g · Noncash contributions included above

    $121,812

  • 3 · Investment income

    total $17,930 · related or exempt $17,930 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $406,966 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $368,237 · other assets $0

  • 7c · Gain or loss

    securities $38,729 · other assets $0

  • 7d · Net gain or loss

    total $38,729 · related or exempt $38,729 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $24,380

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

    $299,948

  • 8b · Fundraising events: direct expenses

    $121,986

  • 8c · Net income from fundraising events

    total -$97,606 · unrelated business $0 · excluded -$97,606

  • 9a · Gaming: gross income

    $4,800

  • 9b · Gaming: direct expenses

    $1,550

  • 9c · Net income from gaming

    total $3,250 · related or exempt $3,250 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Rental income - sublease

    total $9,157 · related or exempt $0 · unrelated business $0 · excluded $9,157

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $9,157

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $1,210,349 · program services $1,210,349

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $247,790 · program services $154,553 · management and general $37,379 · fundraising $55,858

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $528,152 · program services $369,218 · management and general $8,080 · fundraising $150,854

  • 8 · Pension plan contributions

    total $20,872 · program services $14,565 · management and general $804 · fundraising $5,503

  • 9 · Other employee benefits

    total $9,336 · program services $5,114 · management and general $423 · fundraising $3,799

  • 10 · Payroll taxes

    total $51,136 · program services $35,484 · management and general $1,798 · fundraising $13,854

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $2,526 · program services $1,263 · management and general $0 · fundraising $1,263

  • 11c · Fees: accounting

    total $44,968 · program services $11,425 · management and general $27,471 · fundraising $6,072

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $6,563 · program services $0 · management and general $6,563 · fundraising $0

  • 11g · Fees: other

    total $16,893 · program services $0 · management and general $393 · fundraising $16,500

  • 12 · Advertising and promotion

    total $113,270 · program services $95,564 · management and general $555 · fundraising $17,151

  • 13 · Office expenses

    total $107,798 · program services $20,443 · management and general $2,386 · fundraising $84,969

  • 14 · Information technology

    total $52,085 · program services $31,158 · management and general $3,704 · fundraising $17,223

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $55,269 · program services $30,818 · management and general $4,821 · fundraising $19,630

  • 17 · Travel

    total $21,712 · program services $8,942 · management and general $1,776 · fundraising $10,994

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $6,805 · program services $4,794 · management and general $0 · fundraising $2,011

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $12,963 · program services $12,594 · management and general $201 · fundraising $168

  • 23 · Insurance

    total $3,846 · program services $282 · management and general $3,282 · fundraising $282

  • 24e · All other expenses

    total $38,838 · program services $112 · management and general $23,525 · fundraising $15,201

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $273 · end of year $273

  • 2 · Savings and temporary cash investments

    beginning of year $178,266 · end of year $125,873

  • 3 · Pledges and grants receivable

    beginning of year $1,273,445 · end of year $938,506

  • 4 · Accounts receivable

    beginning of year $13,459 · end of year $1,474

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,011 · end of year $26,697

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

    $241,781

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,076

  • 10c · Land, buildings and equipment, net

    beginning of year $107,764 · end of year $213,705

  • 11 · Investments: publicly traded securities

    beginning of year $568,218 · end of year $370,930

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $35,185 · end of year $233,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,227 · end of year $39,789

  • 18 · Grants payable

    beginning of year $106,462 · end of year $126,276

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $35,185 · end of year $233,960

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,998,747 · end of year $1,511,393

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To mitigate the financial burdens of breast cancer patients in active treatment by providing a bridge between hardship and recovery via direct non-medical financial assistance, financial navigation, health literacy and education.

Activities or mission (Part I)

The mission of The Pink Fund is to improve the lives of people in treatment for breast cancer, and their families, by paying their household bills, community engagement, and education.

  • 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 552 breast cancer patients in 47 states by paying their creditors directly for: Housing - $603,640, Utilities - $235,502 Transportation - $245,406, and Medical Insurance - $25,761.

    Expenses $1,673,380 · Grants $1,110,309

  • 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 37 breast cancer patients in 22 states by paying their creditors directly for: Housing - $72,739, Utilities - $18,701, Transportation - $8,289 and Medical Insurance - $311.

    Expenses $138,455 · Grants $100,040

  • 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.

    Expenses $194,843

As filed on the 2023 return.

Listed in Part VII

  • Molly MacDonald

    President, Director, CEO

    Total calculated
    $188,878
    From this org
    $183,377
    From related orgs
    $0
    Other
    $5,501
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $183,377
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,501
    Filer's total
    $188,878
  • Thomas Pettit

    Secretary and Comptroller

    Total calculated
    $56,980
    From this org
    $56,980
    From related orgs
    $0
    Other
    $0
    Hours/week
    30
  • Ashley Hjelle

    Treasurer and Director

    Total calculated
    $0
    Hours/week
    2
  • Fran Parsons

    Vice President & Chairman

    Total calculated
    $0
    Hours/week
    10
  • Marcela Mazo Canola MD

    Director

    Total calculated
    $0
    Hours/week
    1
  • Gissoo DeCotiis

    Director

    Total calculated
    $0
    Hours/week
    1
  • Heidi Floyd

    Director

    Total calculated
    $0
    Hours/week
    1
  • Wanda Hammoud

    Director

    Total calculated
    $0
    Hours/week
    1
  • Linda Ross JD

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dan Sherman

    Director

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
21 February 2025
IRS schema version
2023v6.0
Source object
202500599349302155

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