Philanthrofund Foundation
- Assets
- $1.4m
- Revenue
- $991.8k
- Investments
- $0.0
- Employees
- 2
- Location
- St Louis Park, MN
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 36-3567019
Organization Overview
Philanthrofund Foundation is located in St Louis Park, MN. The organization was established in 1988. According to its NTEE Classification (R11) the organization is classified as: Single Organization Support, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Philanthrofund Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthrofund Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Philanthrofund Foundation generated $991.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $665.5k during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PFUND FOUNDATION IS A VITAL RESOURCE AND COMMUNITY BUILDER FOR LESBIAN, GAY, BISEXUAL, TRANSGENDER, QUEER AND ALLIED COMMUNITIES BY PROVIDING GRANTS AND SCHOLARSHIPS, DEVELOPING LEADERS, AND INSPIRING GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PFUND FOUNDATION PROVIDED SCHOLARSHIPS TO 77 LGBTQ INDIVIDUALS SEEKING FINANCIAL SUPPORT FOR POST-SECONDARY EDUCATION AND TRAINING ACROSS A VARIETY OF EDUCATIONAL PROGRAMS IN THE UPPER MIDWEST. PFUND FOUNDATION PROVIDED GRANTS TO LGBTQ NON-PROFITS ACROSS THE UPPER MIDWEST EXPERIENCING THE IMPACTS OF THE COVID-19 PANDEMIC. PFUND FOUNDATION AWARDED MORE 10 NON-PROFITS WITH EVENT SPONSORSHIPS IN ORDER TO CONVENE LGBTQ FOLKS ACROSS THE REGION OF THE UPPER MIDWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron A Zimmerman Executive Director | Officer | 40 | $103,349 |
Dan Livak Secretary | OfficerTrustee | 2 | $0 |
Becky Smith President | OfficerTrustee | 2 | $0 |
Sarah Julius Vice President | OfficerTrustee | 2 | $0 |
Scott Cabalka Treasurer | OfficerTrustee | 2 | $0 |
Tony Rivera Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,530 |
| Related organizations | $0 |
| Government grants | $39,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $887,235 |
| Noncash contributions included in lines 1a–1f | $34,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $947,340 |
| Total Program Service Revenue | $3,400 |
| Investment income | $28,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,897 |
| Net Income from Fundraising Events | -$6,929 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $234,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,405 |
| Compensation of current officers, directors, key employees. | $12,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,082 |
| Payroll taxes | $16,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,267 |
| Fees for services: Investment Management | $8,306 |
| Fees for services: Other | $43,122 |
| Advertising and promotion | $17,568 |
| Office expenses | $13,631 |
| Information technology | $33,158 |
| Royalties | $0 |
| Occupancy | $16,952 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,088 |
| Interest | $855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $665,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,455 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $742,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $895 |
| Total assets | $1,367,868 |
| Accounts payable and accrued expenses | $23,652 |
| Grants payable | $81,200 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $104,852 |
| Net assets without donor restrictions | $267,403 |
| Net assets with donor restrictions | $995,613 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,367,868 |
Grants Awarded
Over the last fiscal year, Philanthrofund Foundation has awarded $153,860 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: GRANT | $10,000 |
Rapid City, SD PURPOSE: GRANT | $10,000 |
Rapid City, SD PURPOSE: GRANT | $10,000 |
St Paul, MN PURPOSE: GRANT | $10,000 |
Fargo, ND PURPOSE: GRANT | $9,930 |
Fargo, ND PURPOSE: GRANT | $9,930 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Philanthrofund Foundation has recieved totaling $77,393.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $65,160 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,502 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,731 |
Endowment Analysis
| Beg. Balance | $593,184 |
| Earnings | -$76,802 |
| Other Expense | $110,882 |
| Ending Balance | $405,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Individual Advocacy Group Inc Romeoville, IL | $20,408,009 | $45,272,055 |
Illinois Coalition For Immigrant And Refugee Rights Chicago, IL | $10,681,553 | $36,605,381 |
Heartland Alliance International Llc Chicago, IL | $4,003,603 | $21,366,546 |
Restoration Action Downers Grove, IL | $4,996,955 | $20,512,077 |
Feed My People Inc Eau Claire, WI | $8,711,861 | $16,922,508 |
Disabled Citizens Alliance For Indep Inc Fiscal Agent Viburnum, MO | $23,946,615 | $13,277,061 |