2023-12-22T06:25:09-06:00 2023-06-30 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2022-07-01 363567019 PHILANTHROFUND FOUNDATION INC PHIL 6128701806 5775 WAYZATA BLVD 700 ST LOUIS PARK MN 55416 ALISSA LIGHT TREASURER 6128701806 2023-12-20 1 ALISSA LIGHT 999009999 0 MARC A KOTSONAS P00544551 6512276695 2023-12-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALISSA LIGHT 5775 WAYZATA BLVD 700 ST LOUIS PARK MN 55416 1004320 0 X WWW.PFUNDFOUNDATION.ORG X 1987 MN 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. 10 10 5 100 0 0 947340 903402 3400 6798 48015 19699 -6929 -16017 991826 913882 234150 418428 0 0 220511 420117 23267 37850 173834 187602 186802 665530 1063197 326296 -149315 1367868 1177072 104852 14674 1263016 1162398 X PFUND FOUNDATION BUILDS EQUITY WITH LGBTQ+ COMMUNITIES ACROSS THE UPPER MIDWEST BY PROVIDING GRANTS AND SCHOLARSHIPS, DEVELOPING LEADERS, AND INSPIRING GIVING. 0 0 766483 418428 6798 PFUND FOUNDATION PROVIDED SCHOLARSHIPS TO 52 LGBTQ INDIVIDUALS SEEKING FINANCIAL SUPPORT FOR POST-SECONDARY EDUCATION AND TRAINING ACROSS A VARIETY OF EDUCATIONAL PROGRAMS IN THE UPPER MIDWEST. PFUND FOUNDATION AWARDED 17 LGBTQ+ LED AND SERVING NON-PROFIT ORGANIZATIONS WORKING IN RURAL COMMUNITIES ACROSS THE UPPER MIDWEST.PFUND FOUNDATION AWARDED 10 LGBTQ+ BIPOC SMALL BUSINESSES TO GROW AND STRENGTHEN THEIR LEADERSHIP AND BUSINESS AND PROVIDED BUSINESSES EDUCATIONAL RESOURCES.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. 766483 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X ALISSA LIGHT 6128701806 5775 WAYZATA BLVD SUITE 700 ST LOUIS PARK MN 55416 BECKY SMITH PRESIDENT 2.00 X X 0 0 0 DAN LIVAK CURRENT TREASURER 2.00 X X 0 0 0 SARA RADJENOVIC SECRETARY 2.00 X X 0 0 0 SARAH JULIUS VICE PRESIDENT 2.00 X X 0 0 0 PATRICIA NELSON GOVERNANCE COMMITTEE CHAIR 1.00 X 0 0 0 ALISSA LIGHT DIRECTOR 1.00 X 0 0 0 LINDA THEIS DIRECTOR 1.00 X 0 0 0 WEN BROVOLD DIRECTOR 1.00 X 0 0 0 PATRICIA MALTERS DIRECTOR 1.00 X 0 0 0 AUSTIN HOLIK DIRECTOR 1.00 X X 0 0 0 SCOTT CABALKA TREASURER 1.00 X X 0 0 0 KAY WAGGONER-JOHNSON DIRECTOR 1.00 X 0 0 0 AARON A ZIMMERMAN EXECUTIVE DIRECTOR 40.00 X 105643 0 5522 105643 0 5522 1 0 0 0 0 31260 872142 14847 903402 FEES 561000 6798 6798 6798 27952 27952 61428 69681 -8253 -8253 -8253 4740 31260 20757 -16017 -16017 913882 6798 0 3682 418428 418428 115422 85816 19654 9952 249983 154887 13325 81771 23556 9139 6755 7662 31156 17872 6305 6979 30000 30000 37850 37850 1993 1993 36580 13650 22930 11295 8340 2955 19167 4764 2834 11569 34642 19198 8337 7107 18757 12304 2000 4453 1931 1717 14 200 8578 3953 3584 1041 1111 1111 MISCELLANEOUS 14121 13515 49 557 DUES AND LICENSES 5027 600 3989 438 VIDEO AND RECORDING 3600 2300 1300 1063197 766483 122880 173834 551811 176499 64000 175700 8455 10145 742707 813833 895 895 1367868 1177072 23652 13674 81200 1000 104852 14674 X 267403 788 995613 1161610 1263016 1162398 1367868 1177072 -149315 48697 0 X X 0 1 X 1 0 X 408483 623093 710204 947340 903402 3592522 408483 623093 710204 947340 903402 3592522 810117 2782405 47002 41441 131525 48015 27952 295935 3888457 20761 0.71560 0.71940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 405500 28212 9006 424706 593184 -76802 110882 405500 532627 90016 29459 593184 523825 5000 27720 23918 532627 525821 27700 29696 523825 0.98000 0.02000 0 0 0 X 960586 48697 48697 911889 1993 1993 913882 1061204 0 1061204 1993 1993 1063197 PART X, LINE 2: PFUND IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS EXEMPT FROM PRIVATE FOUNDATION STATUS UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE, AND IS SUBJECT TO INCOME TAXES ONLY ON NET UNRELATED BUSINESS INCOME. MANAGEMENT BELIEVES PFUND DID NOT HAVE ANY UNRELATED BUSINESS INCOME IN 2023 AND 2022. PFUND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND ACCORDINGLY, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X X 0 MOXIE 36000 31260 4740 1400 9217 952 9188 36000 31260 4740 1400 9217 952 9188 20757 -16017 SCHEDULE G, PART I, LINE 2B, COLUMN (V) PAYMENTS FOR GRANT WRITING 1 SCHOLARSHIPS 52 418428 PART I, LINE 2: PFUND FOUNDATION SCHOLARSHIP APPLICANTS ARE REQUIRED TO INDICATE ON THEIR APPLICATION CHARACTERISTICS THAT ALIGN WITH THE VARIOUS SCHOLARSHIP FUND REQUIREMENTS SUCH AS FIELD OF STUDY, IDENTITY, AGE, ETC. ADDITIONALLY, THEY ARE EXPECTED TO PROVIDE A DETAILED DESCRIPTION OF THEIR INTENDED PURPOSE FOR THE SCHOLARSHIP FUNDS INCLUDING THE PROGRAM NAME, INSTITUTION, AND ANY OTHER PERTINENT INFORMATION. UPON SELECTION OF SCHOLARSHIP RECIPIENTS, PFUND FOUNDATION STAFF CONNECTS WITH THE APPLICANTS TO CONFIRM THEIR NEED FOR THE SCHOLARSHIP FUNDS. RECIPIENTS PROVIDE THE ORGANIZATION WITH INSTRUCTIONS ON THE DESTINATION FOR THE FUNDS IN ACCORDANCE WITH THEIR INTENDED PURPOSE DEFINED IN THEIR APPLICATION. IF THE SCHOLAR DOES NOT MEET THE CRITERIA FOR THE SCHOLARSHIP, PFUND FOUNDATION STAFF CONNECTS WITH THE SCHOLARSHIP DONOR TO BEST MEET THEIR INTENDED PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER REVIEWS THE COMPLETED 990. THE BOARD CHAIR, EXECUTIVE DIRECTOR, TREASUER OR OTHER DESIGNATED SIGNATORIES MAY SIGN THE 990. A FINAL COPY OF THE 990 IS MADE AVAILABLE TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH PFUND DIRECTOR AND STAFF MEMBER SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PFUND PERSON IN INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. DETAILED PROCEDURES FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY ARE IN THE WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 15 PFUND FOUNDATION IS COMMITTED IN PRINCIPLE TO PAYING MARKET WAGES INSOFAR AS POSSIBLE. IN COMPENSATING EMPLOYEES, PFUND WILL CONSIDER THE FOLLOWING: 1. THE EMPLOYEE'S RELEVANT EDUCATION AND EXPERIENCE; 2. THE EMPLOYEE'S ON-THE-JOB PERFORMANCE; 3. THE COMPENSATION OF OTHER EMPLOYEES WITH SIMILAR QUALIFICATIONS; 4. THE COMPENSATION PAID BY OTHER ORGANIZATIONS TO EMPLOYEES WITH THE SAME POSITION AND SIMILAR QUALIFICATIONS; 5. THE EMPLOYEE'S OVERALL CONTRIBUTION TO THE ORGANIZATION; AND 6. PFUND FOUNDATION'S ABILITY TO PAY. THE EXECUTIVE DIRECTOR SHALL HAVE SOLE DISCRETION IN DETERMINING EMPLOYEE COMPENSATION. THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS ARE DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. PFUND FOUNDATION CONDUCTS PERFORMANCE REVIEWS ANNUALLY. A PERFORMANCE REVIEW DOES NOT NECESSARILY IMPLY AN INCREASE IN PAY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FOUNDATION'S ANNUAL FINANCIAL STATEMENTS ARE ALSO POSTED ON THE FOUNDATION'S WEBSITE, WWW.PFUNDFOUNDATION.ORG. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.