Overview
What is Philanthrofund Foundation Inc?
Philanthrofund Foundation Inc, located in St. Louis Park, Minnesota, is a significant resource and community builder for LGBTQ+ individuals and their allies. With a team of five dedicated employees, the foundation offers scholarships to 52 LGBTQ individuals pursuing post-secondary education and training. Additionally, it supports 17 LGBTQ+ led and serving non-profit organizations operating in rural communities across the Upper Midwest. The foundation also aids 10 LGBTQ+ BIPOC small businesses, helping them grow and strengthen their leadership and businesses by providing educational resources. During the COVID-19 pandemic, Philanthrofund Foundation Inc granted funds to various LGBTQ non-profits in the Upper Midwest experiencing its impact. Furthermore, the foundation sponsors events to bring LGBTQ individuals together across the region. Overall, Philanthrofund Foundation Inc aims to build equity with LGBTQ+ communities by providing grants, developing leaders, and inspiring giving.
Official website here: www.pfundfoundation.org
Is Philanthrofund Foundation Inc legitimate?
Philanthrofund Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philanthrofund Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $115,422
Professional Fundraising Fees: $37,850
Other Salaries and Wages: $249,983
For more financial information, click here
Official website here: www.pfundfoundation.org
What is the mission statement of Philanthrofund Foundation Inc?
The Philanthrofund Foundation Inc, serving the LGBTQ+ community, strives to build equity by offering grants and scholarships, fostering leadership development, and encouraging philanthropy. Their mission is to support LGBTQ+ individuals and organizations across the Upper Midwest, providing financial aid for education, funding non-profit organizations, and backing small businesses. In times of crisis, such as the COVID-19 pandemic, they also extend aid to affected LGBTQ+ non-profits and sponsor events to bring LGBTQ+ individuals together.
Official website here: www.pfundfoundation.org
Who is the CEO of Philanthrofund Foundation Inc?
Alissa Light is the President of Philanthrofund Foundation Inc.
Official website here: www.pfundfoundation.org
What is the revenue of Philanthrofund Foundation Inc?
Philanthrofund Foundation Inc's revenue in 2023 was $913,882.
Official website here: www.pfundfoundation.org
Who are the executives of Philanthrofund Foundation Inc and what are their salaries?
The average compensation at Philanthrofund Foundation Inc during 2023 was $73,081. There are 5 employees and 100 volunteers at Philanthrofund Foundation Inc.
Here are 13 key members and their salaries:
- Aaron A Zimmerman (Executive Director)
- Becky Smith (President) [Trustee/Director]
- Dan Livak (Current Treasurer) [Trustee/Director]
- Sara Radjenovic (Secretary) [Trustee/Director]
- Sarah Julius (Vice President) [Trustee/Director]
- Patricia Nelson (Governance Committee Chair) [Trustee/Director]
- Alissa Light (Director)
- Linda Theis (Director)
- Wen Brovold (Director)
- Patricia Malters (Director)
- Austin Holik (Director)
- Scott Cabalka (Treasurer) [Trustee/Director]
- Kay Waggoner-Johnson (Director)
Official website here: www.pfundfoundation.org
Where can I find the form 990 for Philanthrofund Foundation Inc?
The Philanthrofund Foundation Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.pfundfoundation.org
Learn more at the official website: www.pfundfoundation.org
Mission Statement of Philanthrofund Foundation Inc
Philanthrofund Foundation Inc, a vital resource for lesbian, gay, bisexual, transgender, queer, and allied communities, strives to establish equity in these communities across the Upper Midwest. The foundation accomplishes this mission by providing grants, scholarships, and fostering giving, as well as nurturing leaders within these communities. By offering financial aid for post-secondary education and training for 52 LGBTQ individuals, Philanthrofund Foundation Inc empowers the next generation. Furthermore, the foundation awards grants and scholarships to LGBTQ+ led and serving non-profit organizations operating in rural communities across the Upper Midwest, thereby supporting grassroots initiatives.
Additionally, Philanthrofund Foundation Inc invests in LGBTQ+ BIPOC small businesses, offering resources and assistance to strengthen their leadership and businesses, thereby contributing to the growth and prosperity of these enterprises within the community. During the COVID-19 pandemic, the foundation extended support to LGBTQ non-profits facing hardships, providing essential grants to help them navigate through challenging times. Furthermore, Philanthrofund Foundation Inc sponsored events for LGBTQ folks across the Upper Midwest, promoting a sense of unity and community within the region. By engaging in these various endeavors, Philanthrofund Foundation Inc is committed to building a more equitable and inclusive future for LGBTQ+ communities in the Upper Midwest.
Impact
This information is meant to be a general summary of Philanthrofund Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Philanthrofund Foundation Inc has had a significant impact on LGBTQ+ communities across the Upper Midwest region. The foundation has provided scholarships to 52 LGBTQ individuals seeking financial support for post-secondary education across various programs. Additionally, they have awarded grants to 17 LGBTQ+ led nonprofit organizations in rural communities and supported 10 LGBTQ+ BIPOC small businesses to strengthen their leadership and business operations through educational resources.
Moreover, in response to the challenges brought about by the COVID-19 pandemic, Philanthrofund Foundation Inc has provided grants to LGBTQ non-profits experiencing impacts and sponsored events to convene LGBTQ individuals across the region. Through these initiatives, the foundation has actively promoted equity, developed leaders, and inspired a culture of giving within LGBTQ+ communities in the Upper Midwest.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES
Revenue
$6,798
Organization Details
Founding Year
1987
Phone
(612) 870-1806
Principal Officer
Alissa Light
Main Address
5775 WAYZATA BLVD 700, ST LOUIS PARK, MN, 55416
Website
www.pfundfoundation.org
NTEE Category
Code: R110 - Civil rights
If you are a representative of Philanthrofund Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.