2013-04-08T11:10:40-05:00 2012-06-30 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2011-07-01 363567019 PHILANTHROFUND FOUNDATION PHIL 6128701806 1409 WILLOW STREET NO 109 MINNEAPOLIS MN 55403 LINDSAY KRUH 6128701806 2013-03-15 1 LINDA M NELSON P00205567 6514834521 2011 2016-02-25 16:41:14Z LINDSAY KRUH 1409 WILLOW STREET NO 109 MINNEAPOLIS MN 55403 1247302 0 X PFUNDONLINE.ORG X 1987 MN A VITAL RESOURCE & COMMUNITY BUILDER FOR LGBT & ALLIED COMMUNITIES IN THE UPPER MIDWEST 15 15 7 100 0 0 804308 454422 5015 3255 53898 45812 -15687 -3050 847534 500439 167384 147900 0 0 208559 242524 0 0 81106 198435 366494 574378 756918 273156 -256479 1322415 1017765 119748 110884 1202667 906881 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. 0 0 632687 147900 3255 IN FISCAL YEAR 2012, PFUND FOUNDATION WORKED TOWARD ITS MISSION AND ACHIEVED ITS EXEMPT PURPOSE THROUGH THE FOLLOWING ACCOMPLISHMENTS. PFUND AWARDED GRANTS TOTALING $93,000 TO 16 LESBIAN, GAY, BISEXUAL, TRANSGENDER AND ALLIED NONPROFITS AND PROGRAMS IN MINNESOTA, IOWA, NORTH DAKOTA, SOUTH DAKOTA AND WISCONSIN. PFUND GRANT RECIPIENTS ARE BUILDING COMMUNITY, ADVANCING EQUALITY AND INCREASING ACCESS, SAFETY AND SECURITY ACROSS THE UPPER MIDWEST BY DOING WORK RANGING FROM ADVOCATING FOR SAFER SCHOOLS, TO ORGANIZING AND CONNECTING LGBT COMMUNITIES OF COLOR, TO EDUCATING ABOUT LEGISLATIVE ISSUES AND BALLOT AMENDMENTS. PFUND ALSO AWARDED EDUCATIONAL SCHOLARSHIPS TO 18 OUTSTANDING LGBT AND ALLIED STUDENT LEADERS, TOTALING $53,900. THESE COLLEGE AND GRADUATE STUDENTS ARE RECOGNIZED FOR THEIR LEADERSHIP IN THEIR SCHOOLS AND COMMUNITIES, FROM ADVOCATING FOR INCLUSIVE SCHOOL CLIMATES AND POLICIES TO EXCELLING IN THE PERFORMING ARTS AND EDUCATING THEIR PEERS ABOUT LGBT COMMUNITIES. PFUND ALSO SUPPORTED COMMUNITY LEADERS AND ORGANIZATIONS WORKING TO ADVANCE LGBT ISSUES BY PROVIDING $8,000 IN FUNDING FOR THE DESIGN, IMPLEMENTATION AND ANALYSIS OF THE 2012 TWIN CITIES LGBT AGING NEEDS ASSESSMENT SURVEY. ADDITIONALLY, THIS YEAR PFUND WAS PROUD TO PARTNER WITH OTHER FOUNDATIONS AND GRANTEES TO HOST AND ORGANIZE A NATIONAL CONVENING FOR ORGANIZATIONS SERVING LGBT COMMUNITIES OF COLOR, CALLED BOLD. IN FY12, PFUND ALSO ORGANIZED MULTIPLE REGIONAL CONVENINGS AND ROAD TRIPS TO ASSESS REGIONAL LGBT NEEDS AND PRIORITIES AND PRODUCED A REPORT ENTITLED NOTES FROM THE ROAD. FINALLY, PFUND HONORED AND ENCOURAGED LGBT LEADERSHIP BY AWARDING THE ANNUAL "POWER OF PHILANTHROPY" AWARD TO RECOGNIZE A LEADER WHO INSPIRES GIVING IN THE LGBT COMMUNITY AND THE "POWER OF ONE" AWARD WHICH RECOGNIZES LGBT COMMUNITY ACTIVISM AND LEADERSHIP AND PROVIDES A $1,000 GRANT FOR THE AWARDEE TO DIRECT TO AN LGBT ORGANIZATION OF THEIR CHOOSING. 632687 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 22 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X THE ORGANIZATION 6128701806 1409 WILLOW STREET 109 MINNEAPOLIS MN 55403 LUPE CASTILLO 2.00 X X 0 0 0 DAWN LADASSOR 2.00 X X 0 0 0 ANNA MIN 2.00 X X 0 0 0 JARON ROERING 2.00 X X 0 0 0 ALICIA CORDES 2.00 X X 0 0 0 BILL VENNE 2.00 X X 0 0 0 STEPHEN BUBUL 2.00 X X 0 0 0 CURTIS BROCK 1.00 X 0 0 0 LOIS CARLSON 1.00 X 0 0 0 MAX GRIES 1.00 X 0 0 0 JENNIFER HOUSTON 1.00 X 0 0 0 JASON HOWARD 1.00 X 0 0 0 ALEX IANTAFFI 1.00 X 0 0 0 LINDSAY KRUH 1.00 X 0 0 0 DIANE NAPPER 1.00 X 0 0 0 KATE EUBANK 30.00 X 42500 0 3959 SUSAN RAFFO 30.00 X 42500 0 7401 85000 0 11360 0 0 0 0 0 37341 417081 25443 454422 SCHLRSHP,OTHER MGMT FE 900099 3255 3255 3255 28759 28759 717079 700026 17053 17053 17053 43787 37341 46837 -3050 -3050 500439 3255 0 42762 147900 147900 91873 64073 12817 14983 128258 90105 18499 19654 4940 3242 501 1197 17453 12262 2516 2675 296 120 19 157 9301 3769 584 4948 44920 22430 2373 20117 8295 8295 31882 22488 1077 8317 5072 4007 502 563 21399 14972 3029 3398 1217 833 153 231 3610 588 71 2951 1691 1183 239 269 1842 1289 261 292 PROGRAM EXPENSE 230571 230571 MISCELLANEOUS 2851 1292 368 1191 DUES & SUBSCRIPTIONS 2110 2110 VOLUNTEER EXPENSE 1437 1158 116 163 756918 632687 43125 81106 14635 40333 359370 91495 9530 37667 7085 5810 26463 26039 2115 424 929680 842036 1322415 1017765 11652 6621 8000 5000 100096 99263 119748 110884 X -7246 -29435 334551 48980 875362 887336 1202667 906881 1322415 1017765 X -256479 -39307 X X 1 0 1 X 0 X 451210 343598 383882 804308 451757 2434755 451210 343598 383882 804308 451757 2434755 2434755 36230 51669 46263 35003 28759 197924 2632679 204443 0.92480 0.92920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 799014 11974 -500 40190 770298 713807 14682 118583 48058 799014 672102 18813 71780 48888 713807 850241 14170 -145715 46594 672102 0.00000 1.00000 0.00000 0 0 26463 26039 424 424 FUNDS HELD FOR QUATREFOIL LIBRARY 99263 99263 500439 756918 -256479 -39307 -39307 -295786 465091 -39307 3959 -35348 500439 0 500439 760877 3959 3959 756918 0 756918 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE ORGANIZATION IS ALSO EXEMPT FROM MINNESOTA INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2009 THROUGH 2011. CABARET 81128 37341 43787 13199 5314 11349 6025 10950 81128 37341 43787 13199 5314 11349 6025 10950 46837 -3050 1 PROJECT 515 1170 15TH AVE SE SUITE 208 MINNEAPOLIS MN 55414 208876339 501(C)(4) 8000 EDUCATION-EQUAL RIGHTS FOR SAME-SEX COUPLES AND FAMILIES LUTHERAN SOCIAL SERVICE - TOGETHER FOR YOUTH 424 W SUPERIOR ST SUITE 204 DULUTH MN 55802 410872993 501(C)(3) 8000 EDUCATION/SUPPORT FOR GLBT YOUTH AMAZE PO BOX 17417 MINNEAPOLIS MN 55417 411972162 501(C)(3) 10000 ENSURING ACCESS, SAFETY, AND SECURITY IN SUCH PLACES AS SCHOOLS, HEALTH PROVIDERS, AND HOUSING. HMONG AMERICAN PARTNERSHIP 995 UNIVERSITY AVENUE W SUITE 215 MINNEAPOLIS MN 55117 411667580 501(C)(3) 10000 EDUCATION/SUPPORT FOR HMONG GLBT EQUALITY FREEDOM INC 601 BAYVIEW MADISON WI 53713 432023570 501(C)(3) 10000 EDUCATION/SUPPORT FOR GLBT YOUTH SPRINGBOARD FOR THE ARTS 2751 HENNEPIN AVE S SUITE 237 MINNEAPOLIS MN 55409 411690483 501(C)(3) 7500 GENERAL SUPPORT GRANT-GLBT PROGRAMS 6 0 EDUCATIONAL SCHOLARSHIPS 18 53900 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTEES AND SCHOLARSHIP WINNERS SUBMIT APPLICATIONS OUTLINING HOW THEIR QUALIFICATIONS MATCH PFUND'S CHARITABLE MISSION. SCHOLARSHIP PAYMENTS ARE NOT DISBURSED UNTIL THOSE RECEIVING DISBURSEMENT SUBMIT PROOF OF ENROLLMENT AT AN ACCREDITED EDUCATIONAL INSTITUTION. SCHOLARSHIP CHECKS ARE MADE PAYABLE JOINTLY TO THE STUDENT WINNER AND THEIR ACCREDITED COLLEGE OR UNIVERSITY AND APPLIED TO STUDENT ACCOUNTS. GRANT DISBURSEMENTS ARE MADE PAYABLE TO REGISTERED 501C3 OR 501C4 ORGANIZATIONS. X 5 9867 PUBLISHED STOCK QUOTE X AUCTION ITEMS 41 15576 EST VALUE/DONOR 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER AND FINANCE COMMITTEE REVIEW THE COMPLETED 990. THE EXECUTIVE COMMITTEE IS EMPOWERED TO REVIEW THE 990 IF THE FINANCE COMMITTEE CANNOT DUE TO TIMING IN REGARDS TO FILING DATE. THE BOARD CHAIR AND THE 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, 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 IS 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 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 PRESIDENT. 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.PFUNDONLINE.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -39,307.