2018-04-27T12:37:54-07:00 2017-06-30 Carpenter Evert & Associates 7760 France Ave S 940 Bloomington MN 55435 990 2016-07-01 363567019 PHILANTHROFUND FOUNDATION PHIL 6128701806 2801 21st Avenue South MINNEAPOLIS MN 55407 RALPH WYMAN Treasurer 2018-04-27 true Marc Colin P00560855 9528310085 2016 2021-01-29 14:40:06Z 1820985 false false X WWW.PFUNDFOUNDATION.ORG X 1987 MN Philanthrofund Foundation is a vital resource and community builder for lesbian, gay, bisexual, transgender and allied communities by providing grants and scholarships, developing leaders, and inspiring giving. 15 15 6 40 0 347484 600985 3777 1850 24180 89546 484 375441 692865 61200 64100 0 329208 237385 0 63260 133474 113543 523882 415028 -148441 277837 813917 1067291 165295 161708 648622 905583 X Philanthrofund Foundation is a vital resource and community builder for lesbian, gay, bisexual, transgender and allied communities by providing grants and scholarships, developing leaders, and inspiring giving. true false 296046 64100 Elevated PrioritiesWe asked an important question: what's next? Although the Supreme Court ruled in favor of marriage equality in June of 2015, the fight for LGBTQ rights and fair treatment is far from over. We recognize that the landscape of the LGBTQ movement has shifted.Barriers and mistreatment based on race, class, gender identity and sexual orientation call for our community to respond. PFund Foundation is ready to provide the resources and opportunities to address these disparities.Consequently, we developed three elevated priorities to help focus our attention and work: queer People of Color, Transgender and Gender Non-Conforming people and LGBTQ North Dakotans and South Dakotans.Why these criteria:1) LGBTQ people of color are six times more likely to experience poverty than LGBTQ white people. Disparities in education, housing and employment are vast.2) Anti-transgender bias and policies continue to reinforce negative stereotypes and treatment. Consequently, transgender people are 4 times more likely to live in extreme poverty and are the faction of our community experiencing extreme violence because of their gender identity and presentation.3) North Dakota and South Dakota have the most discriminatory policies against LGBTQ communities in our region. You can be married on Sunday, fired on Monday and evicted on Tuesday simply because of your sexual orientation, gender identity or expression. Policies are hostile and anti-LGBTQ opposition is hyper vigilant.Investing in Bold LGBTQ LeadersPFund Foundation invests in bold leaders so that lesbian, gay, bisexual transgender and queer communities can thrive. We're extremely happy to share that after our grant process, we're living into our Elevated Priorities with the selection of 31 Individual Leaders. This year our program grew from 21 to 31 leaders awarding $64,100 for their educational and professional development pursuits.1) 61% identify has transgender or gender nonconforming2) 52% identify as people of color3) Full regional representation including scholars in Minnesota, Iowa, North Dakota, South Dakota, and Wisconsin4) We intentionally invested in leaders across the lifespan ranging in age from 17 to 61This years cohort is a diverse and inspirational group of LGBTQ leaders. These leaders are recognized for their leadership in their communities, from advocating for inclusive school climates and policies to excelling in the performing arts and educating their peers about LGBTQ communities. 296046 true true false false false false false false false true true false false false true true true false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false true 4 0 true 6 true false false false false false false false false 0 false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true true false MN X X LOIS EPSTEIN 6128701806 2801 21st Avenue South Suite 132B MINNEAPOLIS MN 55407 DAVIS SENSEMAN President 1.00 0.00 X X 0 0 0 Kevin Xiong Vice President 1.00 0.00 X X 0 0 0 COYA WHITE HAT-ARTICHOKER Secretary 1.00 0.00 X X 0 0 0 SABY LABOR Adv. Comm Chair 0.50 0.00 X 0 0 0 ABEL KNOCHEL Director 0.25 0.00 X 0 0 0 JASON BUCKLIN Director 0.25 0.00 X 0 0 0 LOIS CARLSON Director 0.25 0.00 X 0 0 0 JENNIFER HOUSTON Director 0.25 0.00 X 0 0 0 LUCIANO PATINO Director 0.25 0.00 X 0 0 0 BARBARA SATIN Director 0.25 0.00 X 0 0 0 ZACK PACKINEAU Director 0.25 0.00 X 0 0 0 RALPH WYMAN Treasurer 1.00 0.00 X X 0 0 0 Tito Cantuncan Director 0.25 0.00 X 0 0 0 George Hoagland Director 0.25 0.00 X 0 0 0 TRINA OLSON Executive Dir. 40.00 0.00 X 85787 0 5303 85787 5303 0 false false false 0 600985 27931 600985 MANAGEMENT FEES 900099 1850 1850 1850 16318 16318 0 0 0 1201348 1128120 73228 73228 73228 0 0 0 Other 900099 484 484 484 692865 75078 16802 0 64100 64100 0 0 91090 60119 13664 17307 0 118386 77627 18257 22502 0 10885 8151 81 2653 17024 11194 2595 3235 0 0 0 0 0 8112 8112 14332 11467 1245 1620 8539 7502 1037 17989 12116 1425 4448 8829 6620 939 1270 0 22321 14732 3348 4241 1683 1668 4 11 0 7741 5454 944 1343 0 0 0 2053 1359 299 395 PROGRAM EXPENSE 6164 6164 DUES AND SUBSCRIPTIONS 5379 4775 260 344 VOLUNTEER EXPENSE 4642 2969 654 1019 BANK CHARGES AND INTEREST 3891 3891 1868 29 4 1835 415028 296046 55722 63260 21677 104423 5830 182500 2924 0 0 0 0 0 5949 4961 20821 20821 0 783367 769577 0 0 0 0 813917 1067291 14095 13435 51200 52443 100000 90000 5830 165295 161708 X 104335 114140 15241 272397 529046 519046 648622 905583 813917 1067291 277837 -20876 X false true X true false X 591435 455270 428404 347484 601469 2424062 0 0 591435 455270 428404 347484 601469 2424062 456255 1967807 25150 22687 22741 21085 16318 107981 0 0 2532043 0.77720 0.85620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 480070 2552 38316 22427 498511 867816 4634 -17314 375066 480070 885710 31584 18344 67822 867816 795874 41296 101191 52651 885710 770298 2423 69706 46553 795874 false false false 20821 20821 Funds Held for Others 5830 5830 X 685610 -20876 21733 857 684753 8112 8112 692865 428649 21733 21733 406916 8112 8112 415028 Part X : FIN48 Footnote 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). false 0 0 Scholarships 31 64100 X 6 27931 Market Value false false false Form 990, Part III, Line 2: New Services At the end of fiscal year 2017 we began outreach efforts to fund a multi-year initiative we are calling the Better OUTcomes Initiative. This is a concentrated effort to improve the cultural competency and grantmaking of MN-based funders when it comes to supporting LGBTQ people and issues. Through a concerted education campaign we will convene key stakeholders and decision-makers in philanthropy, inviting them to learn more about the issues, opportunities and challenges ripe for funding here in the upper Midwest. We received our first institutional grants to support this new initiative on the cusp of our 2017 fiscal year turning into our 2018 fiscal year (summer of 2017). Form 990, Part VI, Line 11b: Form 990 Review Process The Treasurer and the executive committee are empowered to review and approve the 990 if the full Board cannot due to timing in regards to the filing date. The Board Chair and Executive Director or other designated signatories sign the 990. The 990 form is then circulated electronically to the full board prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management PFUND FOUNDATION CONDUCTS PERFORMANCE REVIEWS ANNUALLY. A PERFORMANCE REVIEW DOES NOT NECESSARILY IMPLY AN INCREASE IN PAY. PFUND FOUNDATION IS COMMITTED IN PRINCIPLE TO PAYING MARKET WAGES INSOFAR AS POSSIBLE. DUE TO THE SIZE AND NON-PROFIT STATUS OF THE ORGANIZATION, THIS MAY NOT ALWAYS BE 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. COMPENSATION AND BENEFIT REVIEWS HAPPEN ANNUALLY. 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. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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 TOT HE 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. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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.