2021-12-08T11:31:14-06:00 2021-06-30 411647057 MAHONEYULBRICHCHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2020-07-01 363567019 PHILANTHROFUND FOUNDATION INC PHIL 6128701806 2801 21ST AVENUE SOUTH NO 132B MINNEAPOLIS MN 55407 RALPH WYMAN TREASURER 6128701806 2021-11-30 1 RALPH WYMAN 999009999 MARC A KOTSONAS P00544551 6512276695 2021-11-30 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z RALPH WYMAN 2801 21ST AVENUE SOUTH NO 132B MINNEAPOLIS MN 55407 1178988 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 2 25 0 0 623093 756465 6376 4187 41441 131525 -23552 0 647358 892177 158810 235000 0 0 206679 142843 1587 14305 43789 171384 328132 538460 720280 108898 171897 995781 1159081 77823 69226 917958 1089855 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 582480 235000 4187 PFUND FOUNDATION PROVIDED SCHOLARSHIPS TO 28 LGBTQ INDIVIDUALS SEEKING FINANCIAL SUPPORT FOR POST-SECONDARY EDUCATION AND TRAINING ACROSS A VARIETY OF EDUCATIONAL PROGRAMS IN THE UPPER MIDWEST. PFUND FOUNDATION PROVIDED MICRO-GRANTS TO LGBTQ INDIVIDUALS, FAMILIES, SMALL BUSINESSES AND NON-PROFITS ACROSS THE UPPER MIDWEST EXPERIENCING FINANCIAL HARDSHIP DUE TO THE IMPACT OF THE COVID-19 PANDEMIC. PFUND FOUNDATION CREATED A MINNEAPOLIS LGBTQ BIPOC BUSINESS CAPACITY FUND TO SUPPORT THE BUSINESS COMMUNITY AS IT WAS IMPACTED BY BOTH THE COVID-19 PANDEMIC AND THE PROTESTS FOLLOWING THE MURDER OF GEORGE FLOYD. MORE THAN $75,000 WAS PROVIDED IN THE FORM OF BUSINESS SUPPORT GRANTS AND WAS ACCOMPANIED BY BUSINESS EDUCATION AND NETWORKING OPPORTUNITIES. 582480 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 1 0 0 0 0 0 0 0 0 1 123 0 1 2 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 0 1 1 1 0 MN X X RALPH WYMAN 6128701806 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 GEORGE HOAGLAND CO-SECRETARY 2.00 X X 0 0 0 RALPH WYMAN TREASURER 2.00 X X 0 0 0 KAY WAGGONER-JOHNSON DIRECTOR 1.00 X 0 0 0 SCOTT CABALKA DIRECTOR 1.00 X 0 0 0 PAT NELSON DIRECTOR 1.00 X 0 0 0 LINDA THEIS DIRECTOR 1.00 X 0 0 0 SARAH JULIUS DIRECTOR 1.00 X 0 0 0 CHONG MOUA DIRECTOR 1.00 X 0 0 0 CHARLENE LEACH EXECUTIVE DIRECTOR 40.00 X 96312 0 1728 AARON A ZIMMERMAN EXECUTIVE DIRECTOR 40.00 X 72131 0 4864 168443 0 6592 0 0 0 0 0 15330 223492 517643 25220 756465 FEES 900099 4187 4187 4187 114144 114144 304192 286811 17381 17381 17381 0 15330 0 0 892177 4187 0 131525 X 235000 235000 132420 102386 13620 16414 10423 1072 8059 1292 36469 36469 14305 14305 123975 110578 13397 48144 47544 600 18621 11228 1585 5808 33761 29962 2768 1031 16249 4659 11590 28950 28950 1389 1389 MISCELLANEOUS 6166 2001 4165 VIDEO AND RECORDING 5500 5500 DUES AND LICENSES 4569 3600 969 EVENT SUPPLIES AND AWAR 3139 3139 1200 1200 720280 582480 94011 43789 143069 228440 76670 51100 2700 2360 772342 876286 1000 895 995781 1159081 38623 29651 39200 39575 77823 69226 X 133506 231917 784452 857938 917958 1089855 995781 1159081 171897 0 X X 0 1 X 1 0 X 601469 441742 408483 623093 710204 2784991 601469 441742 408483 623093 710204 2784991 662375 2122616 16318 27917 47002 41441 131525 264203 3049194 15928 0.69610 0.67200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 532627 90016 29459 593184 523825 5000 27720 23918 532627 525821 27700 29696 523825 498511 100 23942 20977 501576 480070 2552 38316 22427 498511 0.85000 0.15000 0 0 0 X 892177 0 892177 0 892177 720280 0 720280 0 720280 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 2021 AND 2020. 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. MOXIE 15330 15330 15330 15330 1 SCHOLARSHIPS 28 235000 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. X 7061 FMV X 5 18159 FMV 0 0 0 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 110,578. MANAGEMENT AND GENERAL EXPENSES 13,397. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,975. 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.