Phynque Phamily Phoundation
- Assets
- $5.6m
- Revenue
- $33.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 32-0022811
Organization Overview
Phynque Phamily Phoundation is located in Eden Prairie, MN. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phynque Phamily Phoundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Phynque Phamily Phoundation generated $33.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $99.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE EXPENSES RELATED TO UPKEEP OF AN ART MUSEUM INCLUDING, RENT, MAINTENANCE, INSURANCE, AND APPRAISALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Fink President | 0 | $0 | |
Scott Paulson Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,096 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,591 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $50,670 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,558 |
| Total operating and administrative expenses | $74,363 |
| Contributions, gifts, grants paid | $25,462 |
| Total expenses and disbursements | $99,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,646,390 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,646,546 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Phynque Phamily Phoundation has awarded $25,462 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VFW POST 494 PURPOSE: FOR ART EDUCATION AND APPRECIATION | $15,462 |
J PAUL GETTY MUSEUM PURPOSE: FOR ART EDUCATION AND APPRECIATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wacosa Waite Park, MN | $12,140,309 | $9,104,818 |
World Food Prize Foundation Urbandale, IA | $73,712,928 | $6,192,203 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Jeffers Foundation Plymouth, MN | $13,209,879 | $451,010 |
Childrens Museum Of South Dakota Brookings, SD | $7,565,049 | $1,438,522 |
Belwin Conservancy Afton, MN | $13,948,042 | $1,506,492 |
Miracle Ear Foundation Minneapolis, MN | $1,565,051 | $1,538,911 |
On His Path Danville, IA | $274,871 | $641,163 |
Ann Smeltzer Charitable Tr Fort Dodge, IA | $9,572,816 | $1,083,917 |
St Johns Elderly Housing Corporation Eau Claire, WI | $4,250,998 | $912,893 |
Farming For The Future Foundtn Inc Hancock, WI | $15,517,922 | $9,948,061 |