Pink Fund Inc.
Giving Basket disabled: not listed with the IRSSpecifically Named Diseases | EIN: 45-0544575 | Beverly Hills MI
Mission: Not Available
Pink Fund Inc. is a 501(c)(3) organization, with an IRS ruling year of 2009, and donations are tax-deductible. Note: This organization was not on the most recent list of organizations provided by the IRS, the Business Master File (BMF). It will be removed from our website if it is not listed in the BMF for three consecutive months.
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Contact Information
URL not available
22122 METAMORA DR
Beverly Hills MI 48025-3608
Encompass Rating System by Charity Navigator
Overall Score
80
out of 100
This charity's score is a passing score.
This overall score is calculated from multiple beacon scores: 80% Impact & Results, 10% Leadership & Adaptability, and 10% Culture & Community
Learn about the Encompass Rating System: Overview | FAQ | Release Notes
Finance & Accountability
This score provides an assessment of a nonprofit's financial health (stability, efficiency and sustainability) and its commitment to governance practices and policies.
Finance & Accountability Score
Not currently scored
This organization cannot be evaluated by our Encompass Rating methodology because it does not e-file IRS Form 990
To ensure year-to-year consistency, the Encompass Rating System’s Finance & Accountability beacon analyzes the three-year average of some data provided through the IRS Form 990.
Charity Navigator does not currently have the data required from e-filed IRS Forms 990 for Pink Fund Inc. under the EIN: 45-0544575.
This indicates that Pink Fund Inc. may still be filing paper Forms 990.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated this organization.
Additional Information
Unscored
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Total Revenue and Expenses
No Data Available
Revenue and expense data is not available for this organization. This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last six years.
Salary of Key Persons
No Data Available
Key Persons data is currently unavailable for this organization. This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last six years.
Business Master File Data
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Activities:
Activity data not reported from the IRS
Foundation Status:
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources: IRS Forms 990
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).
Pandemic Response
Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.
Pink Fund Inc. reported being impacted by COVID-19 in the following ways:
Program Delivery
Fundraising Capacity
Revenue
Staffing
Administrative Capacity
How COVID-19 impacted the organization's operations financially:
During the COVID-19 pandemic, individuals and businesses were unable to host in person fundraisers to benefit The Pink Fund. While some fundraisers were able to go virtual, many had to be canceled. To make up for the loss of revenue, The Pink Fund applied for, and received, COVID relief grants that were available to nonprofits.
How COVID-19 impacted the organization's delivery of programs:
The Pink Fund was able to quickly pivot our staff and volunteers to working remotely. With sensitive medical and financial information in each application, it was a challenge to ensure that the staff could continue to process applications for our financial bridge program while ensuring the privacy of our applicants. In order to reach patients in their homes, The Pink Fund launched an education and outreach program via Facebook Live to help patients and their families cope with the financial, emotional, and mental aspects of COVID-19 and breast cancer. Industry experts were brought in to provide information and resources on topics such as financial navigation, health literacy, mental and emotional wellbeing. In addition, The Pink Fund expanded the eligibility of the financial bridge program to include breast cancer patients who lost working income due to COVID-19.
How this organization adapted to changing conditions caused by COVID-19:
During the pandemic, The Pink Fund shifted operational protocols to allow our staff and volunteers to work from home. Our application for financial assistance asks for sensitive financial and medical documentation to verify the applicant’s situation. To ensure patient privacy, we did not allow for paperwork to be transmitted electronically. However, in light of the pandemic, to keep immunocompromised breast cancer patients safe, we created a secure file transfer protocol site to allow applicants to supply missing documentation without leaving the safety of their homes. In order to provide relief more quickly, we shifted our Committee of Qualified Recipients from a monthly in person meeting to virtual meetings. This allows more groups of volunteers to review files, shortening our meeting times, and increasing the number of files we are able to qualify for financial assistance.
Innovations the organization intends to continue permanently after the pandemic:
in order to engage volunteers nationally, The Pink Fund will continue to host our Committee of Qualified Recipients virtually, In addition, the secure transfer protocol site will continue to be used to decrease barriers for breast cancer patients applying for financial assistance.
Previous: Finance & Accountability / Next: Leadership & Adaptability
Impact & Results
This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
Impact & Results Score
75
out of 100
Pink Fund Inc. is cost-effective, earning a passing score.
Impact
$3,800 provides $2,700 in financial assistance to a patient.
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Impact & Results Report
75
of 100 points
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Rated Program
Program
Financial Bridge Program
Activities
The nonprofit provides financial assistance to patients with medical conditions.
Program Type
Financial Assistance for Patients with Medical Conditions
Beneficiaries Served
Program Geography
Time Period of Data
7/1/20 to 6/30/21
Outcomes and Cost
Outcomes: Changes in the lives of those served by a nonprofit. They can be caused by the nonprofit.
Costs: The money spent by a nonprofit and its partners and beneficiaries.
Impact: Outcome caused by a nonprofit relative to its cost.
Cost-effectiveness: A judgment as to whether the cost was a good use of resources to cause the outcome.
Outcome Metric
Increase in income for a patient with medical conditions
Outcome Data Source
Ratings are based on data the nonprofit itself collects on its work. We use the most recent year with sufficient data. Typically, this data allows us to calculate direct changes in participants' lives, such as increased income.
Outcome data collected during the program. The nonprofit submitted data on the dollar value of all financial assistance provided to patients, which we use to calculate the additional income received.
Method for Attributing Outcomes
We don't know if the observed changes were caused by the nonprofit's program or something else happening at the same time (e.g., a participant got a raise). To determine causation, we take the outcomes we observe and subtract an estimate of the outcomes that would have happened even without the program (i.e., counterfactual outcomes).
We estimate the dollar amount of financial assistance attributable to the nonprofit by comparing the financial assistance given by the nonprofit to the financial assistance that would have been provided in the absence of the nonprofit (the “counterfactual”). In this case, we estimate the counterfactual to be zero based on two assumptions. First, we assume there is functionally no upper limit to the amount of cash transfers that continue to be valuable to patients as they are far from reaching the point of diminishing marginal returns, such that aid provided by one nonprofit does not displace aid provided by another. Second, we assume that nonprofits work independently and do not coordinate the provision of aid to the same patient. As a result, all aid provided by the nonprofit to patients with medical conditions can be directly attributable to the nonprofit.
Cost Data Source
After estimating the program's outcomes, we need to determine how much it cost to achieve those outcomes. All monetary costs are counted, whether they are borne by a nonprofit service deliverer or by the nonprofit’s public and private partners.
Program cost data reported by the nonprofit. Partner and beneficiary costs reported by the nonprofit or estimated by Charity Navigator.
Cost Calculation
$1,077,650 program costs + $0 partner costs + $0 beneficiary costs = $1,077,650 total costs
Impact and Determination
We calculate impact, defined as the change in outcomes attributable to a program divided by the cost to achieve those outcomes.
Impact Calculation
$1,077,650 total costs / $769,146 of financial assistance provided = roughly $3,800 provides $2,700 in financial assistance to a patient.
Benchmark for Rating
Impact & Results scores of financial assistance to patients programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 50.
Determination
Cost-effective
Analysis Details
Analysis conducted in 2022 by Charity Navigator using data submitted by the nonprofit, theory and evidence from scientific research studies, and public datasets.
Previous: Impact & Results / Next: Culture & Community
Leadership & Adaptability
This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
Leadership & Adaptability Score
100
out of 100
The score earned by Pink Fund Inc. is a passing score.
Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.
Leadership & Adaptability Report
100
of 100 points
Mission
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission
The Pink Fund provides financial support to help meet basic needs, decrease stress levels, and allow breast cancer patients in active treatment to focus on healing while improving survivorship outcomes. Our 90-day grant program allows us to meet their critical expenses for housing, transportation, utilities, and insurance.
Source: Nonprofit submitted responses
Vision
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.
To provide a financial bridge of breast cancer patients as they undergo treatment.
Source: Nonprofit submitted responses
Strategic Goals
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: The Pink Fund's financial bridge program will reach more breast cancer patients and their families. This real help relieves concerns about paying critical household expenses.
Goal Type: Focus on core programs to achieve mission and scale back on programs not seen as core.
Goal Two: The Pink Fund is building an online application to remove barriers to applying for financial assistance.
Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).
Goal Three: The Pink Fund is launching a Michigan outreach program targeted to underserved populations and geographic areas.
Goal Type: Grow, expand, scale or increase access to the existing programs and services.
Source: Nonprofit submitted responses
Leadership Development
The nonprofit provides evidence of investment in leadership development
Describe an investment in leadership
Since the inception of The Pink Fund, Molly MacDonald, Founder and CEO, has created an inclusive and innovative culture at The Pink Fund. With an open door policy and "pinkisms" such as "If nobody's dead, and nobody's going to jail, most things can be fixed," staff are encouraged to explore interests and grow within the organization. In addition, the entire staff participate in annual strategy meetings and trainings to help shape the growth and direction of The Pink Fund.
Source: Nonprofit submitted responses
Mobilizing for Mission
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
This organization mobilizes for mission in the following ways:
Strategic Partnerships
Networks of Collective Impact Efforts
Thought Leadership
Raising Awareness
What are this organization’s external mobilizaton efforts?
The Pink Fund has launched an outreach program in Michigan to build partnerships with health care providers, fellow nonprofits, and community agencies. This entire effort will provide ongoing support to those who need it most, sustaining our efforts far into the future. Nationally, The Pink Fund works with nonprofits, social workers, and health care systems to assist patients in minimizing the financial burden of a breast cancer diagnosis and to connect patients to other available resources. In addition, Molly MacDonald, founder and CEO, is nationally recognized in the healthcare community as a patient advocate, and expert in the issue of overcoming patient affordability barriers. She is a sought after keynote speaker on the subject of financial toxicity and the patient voice. Molly is a contributing writer to the American Journal of Managed Care and a member of the Advisory Board for V-Bid, Value Based Insurance Design at The University of Michigan.
Source: Nonprofit submitted responses
Story of Adaptability
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
In the last year, The Pink Fund has opened the eligibility of our financial bridge program to account for loss of income due to COVID-19, as well as loss of household income. In addition, we have streamlined our application process to provide breast cancer patients more immediate relief. In addition, during the height of the pandemic, The Pink Fund launched an education to help patients and their families cope with the financial, emotional, and mental aspects of COVID-19 and breast cancer. Industry experts are brought in to provide information and resources on topics such as financial navigation, health literacy, mental and emotional wellbeing.
Source: Nonprofit submitted responses
Previous: Leadership & Adaptability
Culture & Community
This score provides an assessment of the organization's culture and connectedness to the community it serves. Learn more about how and why we rate Culture & Community.
Culture & Community Score
95
out of 100
Pink Fund Inc. has earned a passing score. The organization provided data about how it listens to constituents (Constituent Feedback) and its Diversity, Equity, & Inclusion (DEI) practices (see report below).
The Culture & Community Beacon is comprised of the following metrics:
Constituent Feedback: 100/100 (30% of beacon score)
Diversity, Equity, & Inclusion: 93/100 (70% of beacon score)
Culture & Community Report
95
of 100 points
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Diversity, Equity, & Inclusion
93/100 points
70% of beacon score
This organization's score of 93 is a passing score. The organization reported that it is implementing 8 diversity, equity and inclusion (DEI) practices. Charity Navigator believes nonprofit organizations implementing effective DEI policies and practices can enhance a nonprofit's decision-making, staff motivation, innovation, and effectiveness.
View this organization's DEI Strategies
Methodology
We are utilizing data collected by Candid to document and assess the DEI practices implemented by the organization. Nonprofit organizations are encouraged to fill out the Equity Strategies section of their Candid profiles to receive a rating.
Learn more about the methodology.
Constituent Feedback
100/100 points
30% of beacon score
This organization reported that it is collecting feedback from the constituents and/or communities it serves. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective.
View this organization's Constituent Feedback Practices
Methodology
We've partnered with Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.
Learn more about the methodology.
Analysis and Research
Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Below you can find more information about the metrics we currently evaluate in this beacon and their relevance to nonprofit performance.
