Philanthrofund Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 36-3567019)

Aaron a Zimmerman’s $129K as Executive Director is at the 43rd percentile of top reported officer pay among 797 $1–10M civil rights & advocacy nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Aaron a Zimmerman	$128,665	$121,781	$105,643	$103,349	$72,131	—
Charlene Leach	—	—	—	—	$96,312	$114,296
Mercedes Plendl	$107,267	—	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds LGBTQ+ community by funding leaders, scholarships, and inspiring generosity.

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1 program · $402K · in their own filed words · FY2019

01

Pfund foundation's emergent leaders initiative is a holistic leadership development program for lgbtqia individuals. The goal of this program is to enhance the preparation, advancement, and retention of the next generation of lgbtqia leaders.

$402Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

The Minneapolis FoundationFY2024$239K

Otto Bremer TrustFY2024$65K

Fidelity Investments Charitable Gift FundFY2024$57K

Saint Paul & Minnesota FoundationFY2024$51K

Hugh J Andersen FoundationFY2024$25K

Vanguard Charitable Endowment ProgramFY2024$20K

Northwest Area FoundationFY2024$10K

Mightycause Charitable FoundationFY2024$10K

Total grants receivedfrom 12 funders$498K

See all 12 funders →

Grants paid · 84 grants · $3.8M · 2019–2024

Family Tree INCMN · FY2024$295,000

Fairview Health ServicesMN · FY2024$238,000

Children's Health CareMN · FY2024$237,000

Unitemized GrantFY2024$200,750

The Aliveness Project INCMN · FY2024$105,000

ReclaimMN · FY2024$41,000

Family Connections Center INCSD · FY2024$37,000

Lavender Legal CenterIA · FY2024$31,500

Outfront Minnesota Community ServicesMN · FY2024$31,000

NipinetFY2024$30,000

Clare HousingMN · FY2024$26,000

Securus Accounting ServicesFY2024$25,000

Uniting ResilienceSD · FY2024$22,000

Individual RecipientFY2024$20,000

Trans NorthlandMN · FY2024$20,000

The TransgendaFY2024$20,000

Transformation Project INCSD · FY2024$20,000

RaanMN · FY2024$20,000

See all 84 grants →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$647K

Ln 12

Gifts and grantsLn 1h$623K

Investment incomeLn 3$41K

Fees for servicesLn 2g$6K

Money outPt IX

$538K

Ln 25

Programscol B$402K

Managementcol C$89K

Fundraisingcol D$47K

Owns and owesPt X

$918K

net assets · Ln 32

Cash and savingsLn 1–2$143K

Total assetsLn 16$996K

LiabilitiesLn 26$78K

PeoplePt VI, VII

8

listed · VII A

PaidVII A1

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$623K

Noncash giftsLn 1g$8K

Fundraising eventsLn 1c$16K

Fees for servicesLn 2g$6K

Investment incomeLn 3$41K

Gains on assetsLn 7$8K

Total revenueLn 12$647K

Assets in detailPt X, end of year

CashLn 1$143K

Cash and savings togetherLn 1–2$143K

InvestmentsLn 11–13$772K

Other assetsLn 15$1K

Total assetsLn 16$996K

LiabilitiesLn 26$78K

Net assetsLn 32$918K

OperationsPt I, VI

EmployeesI 52

VolunteersI 625

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$66K	$143K
InvestmentsLn 11–13	$781K	$772K
Total assetsLn 16	$966K	$996K
LiabilitiesLn 26	$157K	$78K
Net assetsLn 32	$809K	$918K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$159K	$159K
Pay of current officers, directors and key staffLn 5	$122K	$93K	$12K	$17K
Other salaries and wagesLn 7	$64K	$50K	$6K	$8K
Other employee benefitsLn 9	$6K	$3K	$1K	$718
Payroll taxesLn 10	$15K	$11K	$1K	$2K
Accounting feesLn 11c	$28K		$28K
Professional fundraising feesLn 11e	$2K			$2K
Other fees for servicesLn 11g	$61K	$49K	$11K
Advertising and promotionLn 12	$4K	$4K	$37
Office expensesLn 13	$11K	$716	$1K	$8K
Information technologyLn 14	$13K	$7K	$5K	$676
OccupancyLn 16	$26K	$13K	$13K	$601
TravelLn 17	$1K	$644	$522	$105
Conferences, conventions and meetingsLn 19	$4K	$1K	$3K	$659
InterestLn 20	$3K		$3K
Other expenses (24a–d)Ln 24	$21K	$11K	$2K	$7K
Total functional expensesLn 25	$538K	$402K	$89K	$47K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3.4M	$3.1M	$349K	$2.7M	990 PDF
FY2024	$2.9M	$1.9M	$1.0M	$2.2M	990 PDF
FY2023	$914K	$1.1M	−$149K	$1.2M	990 PDF
FY2022	$992K	$666K	$326K	$1.3M	990 PDF
FY2021	$892K	$720K	$172K	$1.1M	990 PDF
FY2020 Viewing	$647K	$538K	$109K	$918K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $647,358 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $408,483$623,093

I-9 Program service revenuePrior year $0$6,376

I-10 Investment incomePrior year $47,002$41,441

I-11 Other revenuePrior year $2,257−$23,552

I-12 Total revenuePrior year $457,742$647,358

I-13 Grants and similar amounts paidPrior year $0$158,810

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $242,946$206,679

I-16a Professional fundraising feesPrior year $0$1,587

I-17 Other expensesPrior year $286,743$171,384

I-18 Total expensesPrior year $529,689$538,460

I-19 Revenue less expensesPrior year −$71,947$108,898

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $647,358 across 8 lines filed

Lines not itemized here account for $33,840 of total revenue; see the IRS return.

VIII-1c Fundraising events$16,226

VIII-1f All other contributions, gifts and grants$606,867

VIII-1g Noncash contributions (included above)$7,627

VIII-1h Total contributions, gifts and grants$623,093

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,376$6,376

VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,601$7,601

VIII-8 Net income from fundraising eventsExcluded from tax −$23,552−$23,552

VIII-12 Total revenueRelated to mission $6,376 · Unrelated business $0 · Excluded from tax $17,889$647,358

Part IX · Statement of functional expenses $538,460 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $158,810$158,810

IX-5 Pay of current officers, directors and key staffPrograms $92,914 · Management $12,226 · Fundraising $17,115$122,255

IX-7 Other salaries and wagesPrograms $49,538 · Management $6,401 · Fundraising $8,072$64,011

IX-9 Other employee benefitsPrograms $3,499 · Management $1,333 · Fundraising $718$5,550

IX-10 Payroll taxesPrograms $11,147 · Management $1,487 · Fundraising $2,229$14,863

IX-11c Accounting feesManagement $27,500$27,500

IX-11e Professional fundraising feesFundraising $1,587$1,587

IX-11g Other fees for servicesPrograms $49,431 · Management $11,145$60,576

IX-12 Advertising and promotionPrograms $3,711 · Management $37$3,748

IX-13 Office expensesPrograms $716 · Management $1,482 · Fundraising $8,314$10,512

IX-14 Information technologyPrograms $7,408 · Management $5,196 · Fundraising $676$13,280

IX-16 OccupancyPrograms $12,533 · Management $13,349 · Fundraising $601$26,483

IX-17 TravelPrograms $644 · Management $522 · Fundraising $105$1,271

IX-19 Conferences, conventions and meetingsPrograms $1,025 · Management $2,567 · Fundraising $659$4,251

IX-20 InterestManagement $3,004$3,004

IX-24 Other expenses (24a–d)Programs $10,984 · Management $2,475 · Fundraising $7,300$20,759

IX-25 Total functional expensesPrograms $402,360 · Management $88,724 · Fundraising $47,376$538,460

Part X · Balance sheet $995,781 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $65,860$143,069

X-3 Pledges and grants receivableStart of year $116,025$76,670

X-9 Prepaid expenses and deferred chargesStart of year $2,170$2,700

X-11 Publicly traded securitiesStart of year $781,077$772,342

X-15 Other assetsStart of year $1,000$1,000

X-16 Total assetsStart of year $966,132$995,781

X-17 Accounts payable and accrued expensesStart of year $54,972$38,623

X-26 Total liabilitiesStart of year $157,072$77,823

X-27 Net assets without donor restrictionsStart of year $115,329$133,506

X-28 Net assets with donor restrictionsStart of year $693,731$784,452

X-32 Total net assets or fund balancesStart of year $809,060$917,958

X-33 Total liabilities and net assetsStart of year $966,132$995,781

Part XI · Reconciliation of net assets $917,958 net assets at year end

XI-1 Total revenue$647,358

XI-2 Total expenses$538,460

XI-3 Revenue less expenses$108,898

XI-4 Net assets at start of year$809,060

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$917,958

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Philanthrofund Foundation FY2020 filing

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