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The Pink Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450544575 ✦ Bingham farms, MI ✦ Designated as a 501(c)(3)

Overview

What is The Pink Fund Inc?

The Pink Fund Inc, located in Bingham Farms, Michigan, is a compassionate nonprofit organization dedicated to supporting breast cancer patients. Their primary mission is to alleviate the financial burden experienced by patients whose income is affected due to diagnosis and treatment, ensuring they can focus on recovery. By directly paying their creditors, The Pink Fund provides relief for essential living expenses such as housing, utilities, transportation, medical insurance, and other necessities, up to a total of $3,000 for a duration of three months. This aid is extended to patients in 42 states across the United States, demonstrating their commitment to a nationwide impact. With a dedicated team of eight individuals, The Pink Fund embodies a mission of financial assistance for breast cancer patients and their families, ensuring they can maintain their quality of life during treatment.


Official website here: www.pinkfund.org

Is The Pink Fund Inc legitimate?

The Pink Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pink Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $179,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $279,537

For more financial information, click here


Official website here: www.pinkfund.org

What is the mission statement of The Pink Fund Inc?

The Pink Fund Inc's mission is centered around providing assistance to individuals battling breast cancer and their families. They accomplish this by covering their normal household expenses during treatment, when their income decreases. The organization offers financial advice and aids in locating additional financial aid sources. The Pink Fund directly pays creditors up to $3,000 for a duration of three months, covering expenses such as housing, utilities, transportation, medical insurance, and other necessities, for approximately 362 breast cancer patients in 42 states.


Official website here: www.pinkfund.org

Who is the CEO of The Pink Fund Inc?

Molly Macdonald is the President, Director, Ceo of The Pink Fund Inc. The CEO's salary of The Pink Fund Inc is $147,900 and their total compensation is $152,337.


Official website here: www.pinkfund.org

What is the revenue of The Pink Fund Inc?

The Pink Fund Inc's revenue in 2022 was $1,520,603.


Official website here: www.pinkfund.org

Who are the executives of The Pink Fund Inc and what are their salaries?

The average compensation at The Pink Fund Inc during 2022 was $57,406. There are 8 employees and 20 volunteers at The Pink Fund Inc.

Here are 10 key members and their salaries (The Pink Fund Inc's CEO's salary is $147,900 and their total compensation is $152,337):

    Molly Macdonald (President, Director, Ceo)
  • Compensation: $147,900
  • Related: $0
  • Other: $4,437

    • Thomas Pettit (Secretary And Comptroller)
  • Compensation: $21,280
  • Related: $0
  • Other: $0

    • Shannon Crone (Treasurer And Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Kadlec (Chairman And Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Ross Jd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Sherman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcela Mazo Canola Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judith Vindici (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wanda Hammoud (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fran Parsons (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pinkfund.org

    Where can I find the form 990 for The Pink Fund Inc?

    The The Pink Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pinkfund.org

    Learn more at the official website: www.pinkfund.org

    Mission Statement of The Pink Fund Inc

    The Pink Fund, a nonprofit organization, is dedicated to providing financial assistance to individuals battling breast cancer and their families. Its mission is to alleviate the financial burden that often accompanies breast cancer treatment, especially when a patient's income is affected. The Pink Fund achieves this by directly paying the creditors of eligible patients for their normal household expenses, such as housing, utilities, transportation, medical insurance, and other necessities. The organization provides this support for up to three months, with a total financial aid of $3,000. By doing so, The Pink Fund enables breast cancer patients to focus on their recovery without the added stress of financial instability. The organization also offers financial advice and helps patients explore other sources of financial aid, further supporting their journey towards wellness.

    Impact

    This information is meant to be a general summary of The Pink Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Pink Fund Inc has a significant impact on breast cancer patients across the United States. By providing financial assistance for essential living expenses such as housing, utilities, transportation, and medical insurance, The Pink Fund eases the financial burden on patients undergoing treatment. In 2021, The Pink Fund supported 362 breast cancer patients in 42 states, totaling $996,636 in direct payments to creditors. This assistance not only helps patients maintain stability during a challenging time but also allows them to focus on their health and recovery without the added stress of financial hardship.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,092
  • Program Service Revenue: $0
  • Gross Receipts: $1,566,698

    • Assets and Liabilities:
  • Total Assets: $1,294,864
  • Total Liabilities: $100,736
  • Net Assets: $1,194,128
  • Organization Details

    Founding Year

    2006

    Principal Officer

    Molly Macdonald

    Main Address

    30300 Telegraph Rd Ste 230, Bingham Farms, MI, 48025

    NTEE Category

    Code: G80 - Disease

    If you are a representative of The Pink Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.