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Nonprofiteer
← PHILANTHROFUND FOUNDATION

Form 990 for tax year 2023

Filed by PHILANTHROFUND FOUNDATION.

Totals

Total revenue
$2,946,122
Total expenses
$1,939,624
Contributions and grants received
$2,935,527
Grants paid
$945,647
Program service revenue
$3,920
Investment income
$25,450
Other revenue
-$18,775
Total assets, end of year
$2,294,351
Total liabilities, end of year
$50,734
Net assets or fund balances, end of year
$2,243,617
Program services expenses (Part IX)
$1,524,530
Management and general expenses
$138,579
Fundraising expenses
$276,515
Program service expenses (Part III)
$1,524,530

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $42,708

  • 1e · Government grants (contributions)

    $455,754

  • 1f · All other contributions, gifts and grants

    $2,437,065

  • 1g · Noncash contributions included above

    $9,903

  • 2a · Program service revenue: FEES

    total $3,920 · related or exempt $3,920

  • 3 · Investment income

    total $25,287 · excluded $25,287

  • 7a · Gross sales of assets other than inventory

    securities $70,085

  • 7b · Less cost or other basis and sales expenses

    securities $69,922

  • 7c · Gain or loss

    securities $163

  • 7d · Net gain or loss

    total $163 · excluded $163

  • 8a · Fundraising events: gross income

    $11,181

  • 8a · Fundraising events: contributions included on line 1c

    $42,708

  • 8b · Fundraising events: direct expenses

    $29,956

  • 8c · Net income from fundraising events

    total -$18,775 · excluded -$18,775

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $405,250 · program services $405,250

  • 2 · Grants to domestic individuals

    total $540,397 · program services $540,397

  • 5 · Compensation of officers, directors and key employees

    total $132,748 · program services $115,490 · management and general $5,310 · fundraising $11,948

  • 7 · Other salaries and wages

    total $318,292 · program services $191,355 · management and general $43,925 · fundraising $83,012

  • 9 · Other employee benefits

    total $15,951 · program services $5,166 · management and general $7,255 · fundraising $3,530

  • 10 · Payroll taxes

    total $33,855 · program services $22,989 · management and general $3,701 · fundraising $7,165

  • 11b · Fees: legal

    total $4,530 · management and general $3,530 · fundraising $1,000

  • 11c · Fees: accounting

    total $42,000 · management and general $42,000

  • 11e · Fees: professional fundraising services

    total $103,600 · fundraising $103,600

  • 11f · Fees: investment management

    total $102 · management and general $102

  • 11g · Fees: other

    total $104,943 · program services $88,157 · management and general $16,786

  • 12 · Advertising and promotion

    total $17,665 · program services $11,216 · fundraising $6,449

  • 13 · Office expenses

    total $17,250 · program services $7,262 · management and general $832 · fundraising $9,156

  • 14 · Information technology

    total $38,519 · program services $25,558 · management and general $5,755 · fundraising $7,206

  • 16 · Occupancy

    total $19,697 · program services $14,623 · management and general $1,995 · fundraising $3,079

  • 17 · Travel

    total $33,044 · program services $24,771 · management and general $1,621 · fundraising $6,652

  • 19 · Conferences, conventions and meetings

    total $18,297 · program services $15,206 · management and general $2,625 · fundraising $466

  • 20 · Interest

    total $9,673 · program services $986 · management and general $1,160 · fundraising $7,527

  • 24a · Other expenses: SPONSORSHIPS

    total $47,214 · program services $47,214

  • 24b · Other expenses: BAD DEBT

    total $24,500 · fundraising $24,500

  • 24c · Other expenses: DUES AND LICENSES

    total $4,546 · program services $1,590 · management and general $1,920 · fundraising $1,036

  • 24d · Other expenses: VIDEO AND RECORDING

    total $4,200 · program services $4,200

  • 24e · All other expenses

    total $3,351 · program services $3,100 · management and general $62 · fundraising $189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176,499 · end of year $235,807

  • 2 · Savings and temporary cash investments

    end of year $200,000

  • 3 · Pledges and grants receivable

    beginning of year $175,700 · end of year $919,105

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,145 · end of year $26,085

  • 11 · Investments: publicly traded securities

    beginning of year $813,833 · end of year $912,459

  • 15 · Other assets

    beginning of year $895 · end of year $895

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,674 · end of year $35,734

  • 18 · Grants payable

    beginning of year $1,000 · end of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $788 · end of year -$27,933

  • 28 · Net assets with donor restrictions

    beginning of year $1,161,610 · end of year $2,271,550

Mission and programs · 2023

Mission

PFUND FOUNDATION BUILDS EQUITY WITH LGBTQ+ COMMUNITIES ACROSS THE UPPER MIDWEST BY PROVIDING GRANTS AND SCHOLARSHIPS, DEVELOPING LEADERS, AND INSPIRING GIVING.

Activities or mission (Part I)

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.

  • PFUND FOUNDATION AWARDED SCHOLARSHIPS TO 58 LGBTQ INDIVIDUALS SEEKING A VARIETY OF EDUCATIONAL PROGRAMS IN THE UPPER MIDWEST. PFUND FOUNDATION AWARDED FUNDS TO 21 LGBTQ+ LED AND SERVING NON-PROFIT ORGANIZATIONS WORKING IN RURAL COMMUNITIES ACROSS THE UPPER MIDWEST.PFUND FOUNDATION AWARDED FUNDS TO 3 LGBTQ+ LED AND SERVING NON-PROFIT ORGANIZATIONS WORKING WITH BISEXUAL+ COMMUNITIES ACROSS THE UPPER MIDWEST.PFUND FOUNDATION AWARDED FUNDS TO 33 LGBTQ+ BIPOC SMALL BUSINESSES TO GROW AND STRENGTHEN THEIR LEADERSHIP AND BUSINESS AND PROVIDED BUSINESSES EDUCATIONAL RESOURCES.PFUND FOUNDATION AWARDED FUNDS TO 14 LGBTQ+ NONPROFITS WORKING TO PROTECT AND SUPPORT TRANSGENDER AND GENDER NONCONFORMING INDIVIDUALS ACROSS THE UPPER MIDWEST. PFUND FOUNDATION "AWARDED" FUNDS TO 34 NONPROFITS WITH EVENT SPONSORSHIPS IN ORDER TO CONVENE LGBTQ FOLKS ACROSS THE REGION OF THE UPPER MIDWEST.PFUND FOUNDATION AWARDED FUNDS TO 8 LGBTQ+ LED AND SERVING NON-PROFIT ORGANIZATIONS WORKING TO PROTECT COMMUNITIES FROM THE IMPACTS OF COVID-19.

    Expenses $1,524,530 · Grants $945,647 · Revenue $3,920

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Becky Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Austin Holik

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Alissa Light

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Linda Theis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wen Brovold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynelle Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Noah Patrick Loehr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Stedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Brent Opall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Radjenovic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lm Brimmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron A Zimmerman

    EXECUTIVE DIRECTOR

    Total calculated
    $127,598
    From this org
    $121,781
    From related orgs
    $0
    Other
    $5,817
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202500369349301030

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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