Skip to content
Nonprofiteer
← PHILANTHROFUND FOUNDATION

Form 990 for tax year 2024

Filed by PHILANTHROFUND FOUNDATION.

Totals

Total revenue
$3,410,315
Total expenses
$3,061,347
Contributions and grants received
$3,386,576
Grants paid
$2,032,500
Program service revenue
$19,715
Investment income
$39,166
Other revenue
-$35,142
Total assets, end of year
$3,687,893
Total liabilities, end of year
$1,022,453
Net assets or fund balances, end of year
$2,665,440
Program services expenses (Part IX)
$2,677,651
Management and general expenses
$169,026
Fundraising expenses
$214,670
Program service expenses (Part III)
$2,677,651

Program services were 87.5% 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

    $39,435

  • 1e · Government grants (contributions)

    $1,320,123

  • 1f · All other contributions, gifts and grants

    $2,027,018

  • 2a · Program service revenue: FEES

    total $19,715 · related or exempt $19,715

  • 3 · Investment income

    total $39,583 · excluded $39,583

  • 7a · Gross sales of assets other than inventory

    securities $545,527

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

    securities $545,944

  • 7c · Gain or loss

    securities -$417

  • 7d · Net gain or loss

    total -$417 · excluded -$417

  • 8a · Fundraising events: gross income

    $12,667

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

    $39,435

  • 8b · Fundraising events: direct expenses

    $47,809

  • 8c · Net income from fundraising events

    total -$35,142 · excluded -$35,142

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,831,750 · program services $1,831,750

  • 2 · Grants to domestic individuals

    total $200,750 · program services $200,750

  • 5 · Compensation of officers, directors and key employees

    total $267,957 · program services $218,472 · management and general $26,045 · fundraising $23,440

  • 7 · Other salaries and wages

    total $191,198 · program services $141,647 · management and general $17,598 · fundraising $31,953

  • 9 · Other employee benefits

    total $11,230 · program services $2,619 · management and general $8,078 · fundraising $533

  • 10 · Payroll taxes

    total $32,499 · program services $26,458 · management and general $1,861 · fundraising $4,180

  • 11b · Fees: legal

    total $3,360 · management and general $3,360

  • 11c · Fees: accounting

    total $73,466 · program services $14,447 · management and general $59,019

  • 11e · Fees: professional fundraising services

    total $25,000 · fundraising $25,000

  • 11f · Fees: investment management

    total $6 · management and general $6

  • 11g · Fees: other

    total $107,251 · program services $31,184 · management and general $9,864 · fundraising $66,203

  • 12 · Advertising and promotion

    total $10,125 · program services $5,092 · fundraising $5,033

  • 13 · Office expenses

    total $13,594 · program services $486 · management and general $3,349 · fundraising $9,759

  • 14 · Information technology

    total $52,775 · program services $37,231 · management and general $1,859 · fundraising $13,685

  • 16 · Occupancy

    total $51,762 · program services $24,653 · management and general $24,193 · fundraising $2,916

  • 17 · Travel

    total $40,223 · program services $29,461 · management and general $4,302 · fundraising $6,460

  • 19 · Conferences, conventions and meetings

    total $54,701 · program services $39,927 · management and general $4,562 · fundraising $10,212

  • 20 · Interest

    total $12,149 · program services $4,526 · management and general $2,385 · fundraising $5,238

  • 24a · Other expenses: SPONSORSHIPS

    total $66,000 · program services $65,500 · management and general $500

  • 24b · Other expenses: BAD DEBT

    total $7,063 · fundraising $7,063

  • 24c · Other expenses: DUES AND LICENSES

    total $4,023 · program services $3,448 · management and general $356 · fundraising $219

  • 24d · Other expenses: VIDEO AND RECORDING

    total $2,400 · fundraising $2,400

  • 24e · All other expenses

    total $2,065 · management and general $1,689 · fundraising $376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,807 · end of year $1,245,138

  • 2 · Savings and temporary cash investments

    beginning of year $200,000 · end of year $127,988

  • 3 · Pledges and grants receivable

    beginning of year $919,105 · end of year $1,053,972

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,085 · end of year $28,765

  • 11 · Investments: publicly traded securities

    beginning of year $912,459 · end of year $1,232,030

  • 15 · Other assets

    beginning of year $895 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,734 · end of year $44,624

  • 18 · Grants payable

    beginning of year $15,000 · end of year $720,000

  • 19 · Deferred revenue

    end of year $65,359

  • 25 · Other liabilities

    beginning of year $0 · end of year $192,470

  • 27 · Net assets without donor restrictions

    beginning of year -$27,933 · end of year $144,698

  • 28 · Net assets with donor restrictions

    beginning of year $2,271,550 · end of year $2,520,742

Mission and programs · 2024

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 49 INDIVIDUALS WITH A DEMONSTRATED COMMITMENT TO LGBTQ+ ISSUES WHO ARE SEEKING A VARIETY OF EDUCATIONAL PROGRAMS IN THE UPPER MIDWEST. PFUND FOUNDATION AWARDED FUNDS TO 20 NON-PROFIT ORGANIZATIONS WORKING IN RURAL COMMUNITIES ACROSS THE UPPER MIDWEST.PFUND FOUNDATION AWARDED FUNDS TO 30+ SMALL BUSINESSES TO GROW AND STRENGTHEN THEIR LEADERSHIP AND BUSINESS AND PROVIDED BUSINESSES EDUCATIONAL RESOURCES.PFUND FOUNDATION AWARDED FUNDS TO 3 HEALTHCARE ORGANIZATIONS FOCUSED ON MEETING THE NEEDS OF THE LGBTQ+ POPULATION.PFUND FOUNDATION AWARDED GRANTS TO 34 NONPROFIT ORGANIZATIONS WHO SUPPORT TRANSGENDER AND GENDER NONCONFORMING COMMUNITIES ACROSS THE UPPER MIDWEST.PFUND FOUNDATION AWARDED FUNDS TO 13 NONPROFIT ORGANIZATIONS WHO NEEDED EMERGENCY SUPPORT THROUGH READINESS AND RESILIENCE GRANTS.PFUND FOUNDATION AWARDED FUNDS TO 65 NONPROFIT ORGANIZATIONS FOR EVENT SPONSORSHIPS ACROSS THE REGION.

    Expenses $2,677,651 · Grants $2,032,500 · Revenue $19,715

As filed on the 2024 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

  • Alyssa Light

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lm Brimmer

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Joseph Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cody Ingle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Nguyen-Paul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kit Spielberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron A Zimmerman

    EXECUTIVE DIRECTOR

    Total calculated
    $138,951
    From this org
    $128,665
    From related orgs
    $0
    Other
    $10,286
    Hours/week
    40

  • Mercedes Plendl

    PROGRAM DIRECTOR

    Total calculated
    $110,916
    From this org
    $107,267
    From related orgs
    $0
    Other
    $3,649
    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
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202630719349300623

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

The source document this was parsed from is served over the API, which is where bulk and document access live.