Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 2,704,690 | 2,238,113 | 2,851,556 | 1,648,209 | 3,813,663 | 13,256,231 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 2,704,690 | 2,238,113 | 2,851,556 | 1,648,209 | 3,813,663 | 13,256,231 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 4,515,596 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 8,740,635 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 2,704,690 | 2,238,113 | 2,851,556 | 1,648,209 | 3,813,663 | 13,256,231 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 2,361 | 35,206 | 37,567 | |||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 13,293,798 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| PART I, LINE 6: VOLUNTEER NARRATIVE: | VOLUNTEERS ARE AN INTEGRAL PART OF PINKY SWEAR FOUNDATION. THEY ARE WHAT MAKES PINKY SWEAR A SUCCESS. VOLUNTEERS HELP WITH THE MISSION OF PINKY SWEAR FROM TOP TO BOTTOM: - WE HAVE VOLUNTEERS ON OUR BOARD OF DIRECTORS TO HELP MANAGE THE FOUNDATION AND DIRECT ITS PATH. - VOLUNTEERS HELP ON OUR COMMUNITY DEVELOPMENT COMMITTEES IN EACH OF OUR MARKETS. - BOARD MEMBER ALSO VOLUNTEER TO BE ON VARIOUS COMMITTEES; EXECUTIVE COMMITTEE, FINANCE COMMITTEE, DEVELOPMENT COMMITTEE, PROGRAM COMMITTEE, MARKETING COMMITTEE. - VOLUNTEERS HELP WITH OUR MAJOR EVENTS. THEY MONITOR PARTICIPANTS DURING RACES, DIRECT PARTICIPANTS THROUGH RACE COURSES AND AROUND THE GROUNDS, HAND OUT RACE PACKETS AT EVENT PACKET PICK UP, PREPARE FOOD (IF PROVIDED), SETTING UP AND TEARING DOWN COURSES AND OTHER EVENT VENUES. VOLUNTEERS HELP WITH OUR GALAS AND OTHER EVENTS, BY WORKING FUNDRAISING ACTIVITIES, SETTING UP AND TEARING DOWN THE VENUE AND HELPING OBTAIN DONATIONS FOR SILENT AUCTION ACTIVITIES. - WE ALSO HAVE VOLUNTEERS HELPING IN OFFICE ACTIVITIES BY WORKING WITH OUR PANTRY AND ALL-STAR WEEKEND. |
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE AND GOVERNANCE COMMITTEE EXERCISES THE POWER OF THE BOARD OF DIRECTORS IN RELATION TO MATTERS THAT ARISE BETWEEN REGULARLY SCHEDULED BOARD MEETINGS OR WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE BOARD TO MEET. THE COMMITTEE IS DELEGATED THE AUTHORITY TO ACT AS THE FULL BOARD WHEN EXERCISING THE POWERS AND AUTHORITY UNDER THIS CHARTER, SUBJECT TO THE LIMITATIONS LISTED BELOW. THE COMMITTEE ALSO ENSURES HONEST AND ETHICAL CONDUCT AND COMPLIANCE WITH THE CORPORATION'S CODE OF CONDUCT. THE COMMITTEE IS RESPONSIBLE FOR CONDUCTING EVALUATIONS OF THE BOARD OF DIRECTORS FROM TIME TO TIME. THE COMMITTEE MAY SOLICIT, ACCEPT, CONSIDER, MAKE AND SUBMIT NEW SUCCESSOR MEMBERS OF THE BOARD AND ITS COMMITTEES PURSUANT TO THE BYLAWS OF THE CORPORATION. THE COMMITTEE ACCEPTS, CONSIDERS, MAKES, AND SUBMITS TO THE BOARD NOMINATIONS FOR THE FOLLOWING OFFICERS: CHAIR, VICE-CHAIR, TREASURER, AND SECRETARY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION. ONCE THE DRAFT IS AVAILABLE, IT IS PROVIDED TO MANAGEMENT FOR THEIR REVIEW WITH ANY COMMENTS OR CORRECTIONS BEING INCORPORATED INTO THE FILING. THE FINANCE COMMITTEE THEN REVIEWS THE FORM 990 IN CONJUNCTION WITH THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS MAKING COMPARISONS FOR CONSISTENCY AND ACCURACY. A COMPLETE COPY OF THE 990 IS THEN PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE PINKY SWEAR FOUNDATION BOARD OF DIRECTORS ANNUALLY REVIEWS THE ADOPTED CONFLICT OF INTEREST POLICY AND SUGGESTS ANY NEEDED REVISIONS. EACH BOARD MEMBER SIGNS A DOCUMENT STATING THEY HAVE READ AND AGREE TO ABIDE BY THE CONFLICT OF INTEREST POLICY THAT IS CURRENTLY IN EFFECT. IF THEY BELIEVE THEY HAVE A POTENTIAL CONFLICT OF INTEREST, THEY WILL DISCLOSE IT ON THE DOCUMENT AS WELL. SHOULD A CONFLICT OF INTEREST ARISE DURING THE COURSE OF BOARD BUSINESS, THE BOARD MEMBER WITH THE CONFLICT WILL BE EXCUSED FROM THE PORTION OF THE MEETING WHEN VOTING AND DETERMINATION OF THE CONFLICT IS MADE BY THE DIRECTORS. THAT PERSON'S INELIGIBILITY WILL BE REFLECTED IN THE BOARD MINUTES. THE BOARD ALSO ASKED FOR ANY CHANGES TO CONFLICT OF INTEREST AT EVERY BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15A | A SELECT COMMITTEE OF INDEPENDENT BOARD MEMBERS ANNUALLY REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR USING A MULTI-PAGE REVIEW DOCUMENT. THE BOARD MEMBERS CREATE THE REVIEW DOCUMENT AND CONDUCT THE ACTUAL PERFORMANCE EVALUATION. ALL BOARD MEMBERS AND STAFF ARE ASKED FOR INPUT REGARDING THE EXECUTIVE DIRECTOR'S PERFORMANCE, WHICH IS THEN INCORPORATED INTO THE EVALUATION. THE EXECUTIVE DIRECTOR FILLS OUT THE DOCUMENT AS WELL TO PROVIDE A SELF-EVALUATION FOR THE DISCUSSION. GOALS ARE SET AND PROGRESS REVIEWED ANNUALLY OR AS NEEDED THROUGHOUT THE YEAR. COMPENSATION IS BASED ON PROVIDING A COMPETITIVE SALARY WITHIN THE MARKETPLACE. THE EXECUTIVE DIRECTOR ANNUALLY REVIEWS STAFF MEMBERS USING AN EVALUATION FORM. A 360 MODEL OF A REVIEW IS USED, WHERE THE STAFF MEMBER EVALUATES THEMSELVES AND THE STAFF MEMBER IS EVALUATED BY THE OTHER STAFF MEMBERS AND THE EXECUTIVE DIRECTOR. EVALUATIONS ARE DISCUSSED AND PERFORMANCE GOALS ARE SET. PROGRESS TOWARD MEETING GOALS IS REVIEWED ANNUALLY OR AS NEEDED THROUGHOUT THE YEAR. COMPENSATION IS BASED ON PROVIDING A COMPETITIVE SALARY WITHIN THE MARKETPLACE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION'S FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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| Software Version: |