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Philotimo Foundation EIN 45-3914930

Philotimo Foundation FY2021 filing

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A private foundation based in Minneapolis, MN. It reported about $552K in revenue for 2021. For fiscal year 2021 it reported $552K in revenue, $375K in expenses, and $218K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Minneapolis, MN
Filings
6 on file (2020–2021)
Revenue
$552KFY2021
Expenses
$375K
Net assets
$218K
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-3914930 Private foundation / grantmaker Minneapolis, MN
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Minneapolis, MN. It reported about $552K in revenue for 2021.
Money in and out
$552K revenue, $375K expenses
Bottom line
—
Grants paid & assets · FY2021
Total revenue
$552K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $176K
Total assets
218K
deployed as grants and operations
Grants paid
374K
in FY2021
Grants made
28grants
total in period
Payout rate
172%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 28 grants · $779K · 2025–2025
Harlem Children's ZoneFY2025$140,000
Common HopeFY2025$140,000
Urban Refuge ChurchFY2025$70,000
The Nature ConservancyFY2025$60,000
Nature ConservancyFY2025$60,000
International Rescue CommitteeFY2025$40,000
Anselm HouseFY2025$35,000
Hope AcademyFY2025$30,000
Campus CrusadeFY2025$29,000
Innovation for Poverty ActionFY2025$25,000
University of Minnesota Department of Earth SciencesFY2025$20,000
Iafr Int Association for RefugeesFY2025$15,775
Training Leaders InternationalFY2025$14,000
Source MinistriesFY2025$10,000
Minnesota Off-Road CyclistsFY2025$10,000
Minnesota Center for Environmental AdvocacyFY2025$10,000
International Institute of MinnesotaFY2025$10,000
Great River GreeningFY2025$10,000
See all 28 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$28K
Median grantPart XV$10K
Largest grantPart XV$140K

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$552K
FY2021▲ +10%
Expenses
$375K
FY2021▼ -19%
Total assets
$218K
FY2021▲ +428%
Total liabilities
$0
FY2021
Total revenue
$552K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Total assetsPt II$218K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhilotimo Foundation
EINHdr · item D45-3914930
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFSep 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Philotimo Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$552K
Total revenueLn 12$552K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$374K
Operating & administrative$2K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1$218K
Total assetsLn 16$218K
Total liabilitiesLn 26$0
Total net assetsLn 32$218K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $218K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $552K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $552K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $552K · Prior year $500K
+10%
Net-asset trend (YoY)
End of year $218K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $552K · Expenses $375K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $218K
—
Net-asset ratio
Net assets $218K · Total assets $218K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $375K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$787K revenue · ⤓ 990 PDF
FY2024$338K revenue · ⤓ 990 PDF
FY2023$463K revenue · ⤓ 990 PDF
FY2022$501K revenue · ⤓ 990 PDF
FY2021$552K revenue · viewing · ⤓ 990 PDF
FY2020$500K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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