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Pinky Cole Foundation

Tax-deductible

Atlanta, GA501(c)(3)Youth Development EIN 83-4595973Revenue $96K in FY2024Latest return filed Sep 15, 2025

On file with the IRSAtlanta, GATax-exempt since May 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Through educational programs, networking events, and thought leadership, the Pinky Cole Foundation is committed to empowering teens, college students, and younger adults to become fearless entrepreneurs.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-4595973) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 32 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $10K a year · 4% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.9 mo
of spending, in cash
1.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 8 voting members
6 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$96K
-51% vs prior year
Spent
$180K
To programs
100%
Net assets
$29K
By yearFY2020–FY2024
Revenue
$96K
FY2024▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$60K
FY2021$138K
FY2022$417K
FY2023$195K
FY2024$96K
Expenses
$180K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$387K
FY2023$171K
FY2024$180K
Net assets
$29K
FY2024▼ -75%
Tap a bar for its year
Net assets by fiscal year
FY2020$2K
FY2021$60K
FY2022$89K
FY2023$113K
FY2024$29K

From the FY2024 Form 990 · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $180K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Mia Ferguson
Board Member Youth Entrepreneur Ch
$0Pt VII · Sec A
Monica Ponder
Board Member Grants Chair
$0Pt VII · Sec A
Christopher Cooper
Board Member
$0Pt VII · Sec A
Richard Dunn
Board Member Ea Chair
$0Pt VII · Sec A
Carol Davis
Board Member Governance Chair
$0Pt VII · Sec A
Sojourner Grimmett
Board Member
$0Pt VII · Sec A
Stacey Lee
Chairman of the Board Member Event
$0Pt VII · Sec A
Aisha Cole
Board Member
$0Pt VII · Sec A
See Pinky Cole Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers young adults to become fearless entrepreneurs through education and networking.

Questions for Pinky Cole Foundation

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1 program · $180K · in their own filed words · FY2024
01

Through educational programs, networking events, and thought leadership, The Pinky Cole Foundation is committed to empowering teens, college students, and younger adults to become fearless entrepreneurs.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-4595973) · Dispute this line
$180Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$96K
Ln 12
Gifts and grantsLn 1h$96K
Money outPt IX
$180K
Ln 25
Programscol B$180K
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Total revenueLn 12$96K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$113K$29K
Total assetsLn 16$113K$29K
LiabilitiesLn 26$0$0
Net assetsLn 32$113K$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Other salaries and wagesLn 7$21K$21K
Payroll taxesLn 10$1K$1K
Other fees for servicesLn 11g$306$306
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$11K$11K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$680$680
Other expenses (24a–d)Ln 24$111K$111K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$180K$180K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 15, 2025 $96K$180K−$84K$29K 990 PDF
FY2023Filed with the IRS Apr 23, 2024 $195K$171K$24K$113K 990 PDF
FY2022Filed with the IRS Jul 26, 2023 $417K$387K$30K$89K 990 PDF
FY2021Filed with the IRS Jun 8, 2022 $138K$60K 990 PDF
FY2020Filed with the IRS Oct 15, 2021 $60K$2K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $95,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $194,880$95,716
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $194,880$95,716
I-13 Grants and similar amounts paid$16,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $118,465$22,059
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,625$142,099
I-18 Total expensesPrior year $171,090$180,158
I-19 Revenue less expensesPrior year $23,790−$84,442
Part VI · Governance 6 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $95,716 across 4 lines filed
VIII-1f All other contributions, gifts and grants$95,716
VIII-1h Total contributions, gifts and grants$95,716
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$95,716
Part IX · Statement of functional expenses $180,158 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $16,000$16,000
IX-7 Other salaries and wagesPrograms $20,839$20,839
IX-10 Payroll taxesPrograms $1,220$1,220
IX-11g Other fees for servicesPrograms $306$306
IX-12 Advertising and promotionPrograms $1,473$1,473
IX-13 Office expensesPrograms $10,660$10,660
IX-17 TravelPrograms $4,461$4,461
IX-19 Conferences, conventions and meetingsPrograms $680$680
IX-24 Other expenses (24a–d)Programs $111,336$111,336
IX-24e All other expensesPrograms $13,183$13,183
IX-25 Total functional expensesPrograms $180,158 · Management $0 · Fundraising $0$180,158
Part X · Balance sheet $28,831 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $93,273$1,322
X-2 Savings and temporary cash investmentsStart of year $20,000$27,509
X-16 Total assetsStart of year $113,273$28,831
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $113,273$28,831
X-32 Total net assets or fund balancesStart of year $113,273$28,831
X-33 Total liabilities and net assetsStart of year $113,273$28,831
Part XI · Reconciliation of net assets $28,831 net assets at year end
XI-1 Total revenue$95,716
XI-2 Total expenses$180,158
XI-3 Revenue less expenses−$84,442
XI-4 Net assets at start of year$113,273
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,831

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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