2021-01-27T14:59:11-06:00 2020-06-30 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2019-07-01 363567019 PHILANTHROFUND FOUNDATION INC PHIL 7633605916 2801 21ST AVENUE SOUTH NO 132B MINNEAPOLIS MN 55407 RALPH WYMAN TREASURER 7633605916 2021-01-21 1 MARC A KOTSONAS P00544551 6512276695 2021-01-04 2019 2022-09-23 18:48:47Z RALPH WYMAN 2801 21ST AVENUE SOUTH NO 132B MINNEAPOLIS MN 55407 1148699 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. 7 7 4 115 0 0 408483 623093 0 6376 47002 41441 2257 -23552 457742 647358 0 158810 0 0 242946 206679 0 1587 47376 286743 171384 529689 538460 -71947 108898 966132 995781 157072 77823 809060 917958 X 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. 0 0 402360 158810 6376 PFUND FOUNDATION'S EMERGENT LEADERS INITIATIVE IS A HOLISTIC LEADERSHIP DEVELOPMENT PROGRAM FOR LGBTQIA INDIVIDUALS. THE GOAL OF THIS PROGRAM IS TO ENHANCE THE PREPARATION, ADVANCEMENT, AND RETENTION OF THE NEXT GENERATION OF LGBTQIA LEADERS. PROGRAM PARTICIPANTS ENGAGE IN EDUCATION SESSIONS THAT FOCUS ON HARD AND SOFT SKILLS SUCH AS RESUME WRITING, INTERVIEWING, CONFLICT RESOLUTION, WORKPLACE COMMUNICATIONS, ETC. THESE EDUCATIONS SESSIONS ARE SUPPLEMENTED BY PEER NETWORKING AND MENTORSHIP OPPORTUNITIES FROM LGBTQIA MID-CAREER PROFESSIONALS.THE PFUND FOUNDATION SCHOLARSHIP PROGRAM PROVIDED MORE THAN $60,000 TO 29 INDIVIDUALS ACROSS IOWA, MINNESOTA, NORTH DAKOTA, SOUTH DAKOTA, AND WISCONSIN. THESE SCHOLARS RECEIVED AWARDS RANGING FROM $1,000 TO $10,000 FOR EDUCATION PROGRAMS IN THE ARTS, STEM, LIBERAL ARTS, AND MORE. 100% OF SCHOLARS IDENTIFY AS LGBTQ. 70% SCHOLARS AWARDED ARE BIPOC; 68% ARE TRANSGENDER, GENDER-NON-CONFORMING, AND/OR NON-BINARY.PFUND FOUNDATION BEGAN ITS COVID-19 RAPID RESPONSE FUND TO SUPPORT LGBTQ INDIVIDUALS, FAMILIES, SMALL BUSINESSES, AND NON-PROFITS AFFECTED BY COVID-19. PFUND FOUNDATION PROVIDED MICROGRANTS FOR GROCERIES, RENTAL ASSISTANCE, BUSINESS SUPPORT, CHILDCARE AND MORE. 402360 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MN X X RALPH WYMAN 7633605916 2801 21ST AVENUE SOUTH SUITE 132B MINNEAPOLIS MN 55407 LOIS CARLSON PRESIDENT 2.00 X X 0 0 0 TITO CATUNCAN CO-SECRETARY 2.00 X X 0 0 0 DR DEORGE HOAGLAND CO-SECRETARY 2.00 X X 0 0 0 RALPH WYMAN TREASURER 2.00 X X 0 0 0 KAY WAGGONER-JOHNSON DIRECTOR 2.00 X 0 0 0 SCOTT CABALKA DIRECTOR 2.00 X 0 0 0 JACOB MAXON DIRECTOR 2.00 X 0 0 0 CHARLENE LEACH EXECUTIVE DIRECTOR 40.00 X 114296 0 7959 114296 0 7959 1 0 0 0 0 16226 606867 7627 623093 FEES 900099 6376 6376 6376 33840 33840 471117 463516 7601 7601 7601 14273 16226 37825 -23552 -23552 647358 6376 0 17889 X 158810 158810 122255 92914 12226 17115 64011 49538 6401 8072 5550 3499 1333 718 14863 11147 1487 2229 27500 27500 1587 1587 60576 49431 11145 3748 3711 37 10512 716 1482 8314 13280 7408 5196 676 26483 12533 13349 601 1271 644 522 105 4251 1025 2567 659 3004 3004 EVENT FEES AND ENTERTAI 9000 9000 MISCELLANEOUS 8619 1984 1245 5390 DUES AND LICENSES 3140 1230 1910 538460 402360 88724 47376 65860 143069 116025 76670 2170 2700 781077 772342 1000 1000 966132 995781 54972 38623 2100 100000 39200 157072 77823 X 115329 133506 693731 784452 809060 917958 966132 995781 108898 0 X X 0 1 X 1 0 X 347484 601469 441742 408483 623093 2422271 347484 601469 441742 408483 623093 2422271 691061 1731210 21085 16318 27917 47002 41441 153763 2576034 15518 0.67200 0.77510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 523825 5000 27720 23918 532627 525821 27700 29696 523825 498511 100 23942 20977 501576 480070 2552 38316 22427 498511 867816 4634 -17314 375066 480070 0.96060 0.03940 0 0 0 X 647358 0 647358 0 647358 538460 0 538460 0 538460 PART X, LINE 2: THE ORGANIZATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. THE ORGANIZATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE ORGANIZATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, THE ORGANIZATION ANNUALLY FILES A RETURN OF EXEMPT FROM INCOME TAX (FORM 990). MOXIE 30499 16226 14273 7501 7300 23024 30499 16226 14273 7501 7300 23024 37825 -23552 1 SCHOLARSHIPS 29 158810 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 IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 49,431. MANAGEMENT AND GENERAL EXPENSES 11,145. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,576. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.