Liabilities / Assets
77th percentile
Higher debt load relative to assets than 77% of similar nonprofits.
Nonprofits Assistance Fund
990 • Fiscal year 2018 • EIN 41-1916337
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.59x
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
62nd percentile
Higher top officer pay than 62% of similar nonprofits.
Top officer pay equals 4.9% of source-year revenue.
Asset Growth
81st percentile
Faster asset growth than 81% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
Balance Sheet
Assets
Up$32,125,168
Up $4,069,203 (+15%) from 2017
Net Assets
Down$13,029,890
Down $839,819 (-6.1%) from 2017
Liabilities
Up$19,095,278
Up $4,909,022 (+35%) from 2017
Revenue And Expenses
Revenue
Down$6,123,073
Down $2,770,931 (-31%) from 2017
Expenses
Up$6,962,892
Up $2,761,345 (+66%) from 2017
Net Income
Down-$839,819
Down $5,532,276 (-118%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Apr 1, 2017 to Mar 31, 2018
- Signed
- Aug 9, 2018
- Return Version
- 2017v2.0
- Gross Receipts
- $6,123,073
Mission and Program Overview
Mission
The mission of propel nonprofits is to fuel the impact and effectiveness of nonprofits with guidance, expertise, and capital. Propel nonprofits provides loans to nonprofits for facilities and working capital. We train nonprofit staff and boards to understand and build financial health, clear strategy, and strong governance practices. We provide expert knowledge, guidance, and insight for nonprofits about governance, planning, financial strategy, and sustainability.we consult and guide on strategy, organizational structure and financial plans, strategic alliances, and governance. We offer nonprofit accounting services and financial systems review. We provide fiscal sponsorship and support for emerging organizations and collaborations.
Our mission is to fuel the impact and effectiveness of nonprofits with guidance, expertise and capital. Propel Nonprofits provides loans to nonprofits for facilities and working capital. See Schedule O for more information.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $17,844,073 | $21,876,252 | ▲ $4,032,179 |
| Cash and Non-Interest-Bearing Accounts | $1,876,241 | $4,896,631 | ▲ $3,020,390 |
| Savings and Temporary Cash Investments | $5,678,553 | $1,980,395 | ▼ $3,698,158 |
| Pledges and Grants Receivable | $1,766,546 | $1,488,089 | ▼ $278,457 |
| Land, Buildings, and Equipment, Net | $106,151 | $1,077,752 | ▲ $971,601 |
| Investments Other Securities | $288,487 | $393,993 | ▲ $105,506 |
| Accounts Receivable | $234,320 | $260,015 | ▲ $25,695 |
| Prepaid Expenses and Deferred Charges | $200,783 | $91,230 | ▼ $109,553 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Investments in Publicly Traded Securities | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $28,055,965 | $32,125,168 | ▲ $4,069,203 |
| Other Assets Total | $60,811 | $60,811 | → $0 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $12,961,498 | $17,367,647 | ▲ $4,406,149 |
| Escrow Account Liability | $950,381 | $996,490 | ▲ $46,109 |
| Accounts Payable and Accrued Expenses | $271,267 | $722,266 | ▲ $450,999 |
| Deferred Revenue | $3,110 | $8,875 | ▲ $5,765 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Other Liabilities | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $14,186,256 | $19,095,278 | ▲ $4,909,022 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $9,168,761 | $10,519,354 | ▲ $1,350,593 |
| Temporarily Rstr Net Assets | $4,700,948 | $2,510,536 | ▼ $2,190,412 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $13,869,709 | $13,029,890 | ▼ $839,819 |
| Total Liabilities and Net Assets / Fund Balance | $28,055,965 | $32,125,168 | ▲ $4,069,203 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $536,544 | $233,304 | $769,848 |
| Leasehold Improvements | $541,208 | $42,547 | $583,755 |
| Buildings | $0 | $0 | $0 |
| Other Land Buildings | $0 | $0 | $0 |
| Land | $0 | - | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kate Barr | President and CEO | FT | $168,556 | $45,811 | $214,367 |
| Janet Ogden-Brackett | Vice President of Lending | FT | $107,622 | $24,120 | $131,742 |
| Curtis Klotz | Vice President of Finance & Chief Financial Officer | FT | $102,463 | $22,290 | $124,753 |
Board Members and Trustees
| Name | Title |
|---|---|
| Greg Zeller | Chairperson |
| Sean Kershaw | Vice-Chairperson |
| Bo Thao-Urabe | Board Member |
| Brad Kruse | Board Member |
| Courtney Colby | Board Member |
| David Mitchell | Board Member |
| Diane Tran | Board Member |
| Gary Taverna | Board Member |
| Heidi Christianson | Board Member |
| Jean Adams | Board Member |
| Magui Rubalcava Shulman | Board Member |
| Marcus Owens | Board Member |
| Patty Pannkuk | Board Member |
| Paul Babcock | Board Member |
| Ralph Bernstein | Board Member |
| Ron Price | Board Member |
| Scott Marquardt | Board Member |
| Sony Malhotra | Board Member |
| Sarah Clyne | Secretary |
| Beth Topoluk | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,719,704
- Program Service Revenue
- $2,382,337
- Investment Income
- $21,032
- Other Revenue
- $0
- All Other Contributions
- $2,655,298
- Change in Net Assets
- $-839,819
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $6,123,073
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Other Revenue Adjustments
- $0
- Total Revenue per Audited Statements
- $6,123,073
- Total Revenue per Form 990
- $6,123,073
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $2,411,978 |
| Salaries, Compensation, and Employee Benefits | $2,308,532 |
| Other Expenses | $2,242,382 |
| Total Fundraising Expense | $86,875 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $2,411,978 | - | - | $2,411,978 |
| Other Salaries and Wages | $1,218,664 | $175,737 | $20,685 | $1,415,086 |
| Current Officers, Directors, Trustees, and Key Employees | $303,259 | $157,270 | $20,793 | $481,322 |
| Fees for Services Other | $295,039 | $3,196 | $32,337 | $330,572 |
| Interest | $330,133 | $0 | $0 | $330,133 |
| Occupancy | $189,330 | $44,095 | $3,637 | $237,062 |
| Payroll Taxes | $118,507 | $64,267 | $3,020 | $185,794 |
| Other Employee Benefits | $131,194 | $24,275 | $612 | $156,081 |
| Office Expenses | $66,379 | $39,678 | $1,475 | $107,532 |
| Depreciation Depletion | $78,209 | $16,552 | $1,534 | $96,295 |
| Information Technology | $62,619 | $24,407 | $1,335 | $88,361 |
| Pension Plan Contributions | $60,428 | $8,787 | $1,034 | $70,249 |
| Advertising | $17,019 | $30,480 | $247 | $47,746 |
| Travel | $34,926 | $3,677 | $77 | $38,680 |
| Conferences and Meetings | $23,922 | $13,736 | $89 | $37,747 |
| Fees for Services Accounting | $3,038 | $21,696 | $0 | $24,734 |
| Fees for Services Legal | $9,265 | $9,862 | $0 | $19,127 |
| Fees for Services Management | $1,469 | $12,531 | $0 | $14,000 |
| Other Expenses | $6,396 | $0 | $0 | $6,396 |
| Insurance | $0 | $4,457 | $0 | $4,457 |
| Total Functional Expenses | $6,221,138 | $654,879 | $86,875 | $6,962,892 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $6,962,892 |
| Total Expenses per Audited Statements | $6,962,892 |
| Total Expenses per Form 990 | $6,962,892 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Other Expense Adjustments | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Coalition of Asian American Leaders | Saint Paul, MN | 501c3 | To support an effort led by local Asian American leaders in Minnesota who are leveraging their assets to harness power to build unity, cohesion, and common agendas to advance equity in the State. | $388,711 |
| Quality Education Services of MN | Saint Paul, MN | - | To engage community elders to build mutually-beneficial relationships that foster the social-emotional and academic skills and abilities children need for success. | $368,309 |
| Reviving the Islamic Sisterhood for Empowerment | Minneapolis, MN | - | To support a mission to amplify the voice and power of Muslim women. | $337,927 |
| Hourcar | Saint Paul, MN | 501c3 | To support a great tool to minimize car travel, resulting in cleaner air and fewer greenhouse gas emissions. | $286,691 |
| Intermedia Arts of Minnesota | Minneapolis, MN | 501c3 | To build understanding among people through art. | $120,934 |
| Break the Silence | Saint Paul, MN | 501c3 | To end rape culture, hold perpetrators accountable, and support survivors of sexual violence in healing. | $94,715 |
| Association for Black Economic Power | Minneapolis, MN | 501c3 | Transform local communities by equipping Black people with powerful economic tools and resources. | $90,171 |
| Minnesota Indian Business Alliance | Detroit Lakes, MN | 501c3 | To align partners committed to the growth and success of Native American businesses and entrepreneurs, connects Native American businesses, entrepreneurs and resource providers in innovative and practically useful ways, and transforms Native American communities. | $80,438 |
| Charlie Academy | Highland, UT | 501c3 | To provide leadership content via online Learning Management System to help students develop their leadership potential. | $80,000 |
| Minnesota Harvest Initiative | Minneapolis, MN | 501c3 | To support a coalition of African American business owners and professionals who are committed to a mission that promotes economic participation and educational freedom. | $55,000 |
| Big Dreamers United Inc | Madison, WI | 501c3 | To help other nonprofits with their creative communication needs. | $50,000 |
| Minnesota Host Home Network | Minneapolis, MN | 501c3 | To support a network that catalyzes system change for youth facing homelessness by championing lasting relationships with the caring adults already in their lives who are not their service providers. | $41,038 |
| Partnerships for Permanance | Minneapolis, MN | - | To support foster care alumni and adoptees to raise awareness and actively work to improve the child welfare system. | $40,000 |
| Community Health Fund | Robbinsdale, MN | 501c3 | To build capacity for its member clinics to serve their individual communities while creating a unified voice for the work of community clinics in the Twin Cities metro area. | $37,984 |
| Glitch | Minneapolis, MN | 501c3 | To promote the exploration of digital games as a culture, career, and creative practice. | $28,281 |
| Fortune Relief and Youth Empowerment Organization | Minneapolis, MN | 501c3 | To provide a continuum of care that includes outreach, basic services, education and career developments while positively transforming the social and economic structures that sabotage poverty. | $25,200 |
| African American Community of Practice | Woodbury, MN | 501c3 | To build capacity of African American communities to heal from the multi-generational effects of historical trauma and ongoing structural racism. | $25,000 |
| North American Traditional Indigenous Food Systems | Minneapolis, MN | - | Accelerating Food Access through Indigenous Culinary Education and Small Business Development | $22,563 |
| Young Muslim Collective | Minneapolis, MN | - | To aid Muslim youth who are subjected to racism and faith-based hate by promoting arts, healing, activism, outreach, and advocacy. | $15,429 |
| Mentoring Young Adults - MYA | Saint Paul, MN | 501c3 | For infrastructure assistance to compete for government (city and county) grants. | $12,800 |
| Northwest Hennepin Early Childhood Network | Maple Grove, MN | - | Improving the impact of early childhood education services provided by member organizations to member cities and their residents. | $12,000 |
| Family Values for Life | Saint Paul, MN | 501c3 | To support leadership personnel and financial process improvement so that on the other side of this transition period we are better equipped for sustained, high-quality service to families. | $11,721 |
| Hispanic Advocacy and Community Empowerment through Research - HACER | Saint Paul, MN | 501c3 | To increase the capacity of the organization by hiring an administrative and financial associate to develop a financial system, increasing number of partnerships with other organizations, diversifying sources of income and updating the organization's technology. | $10,908 |
| Somali Community Resettlement Services | Faribault, MN | - | To increase capacity through hiring culturally competent staff. | $10,409 |
| Deer River Area Health Care Foundation | Deer River, MN | 501c3 | Social enterprise grant | $10,000 |
| Itasca County Television | Grand Rapids, MN | 501c3 | Social enterprise grant | $10,000 |
| Itasca Life Options | Grand Rapids, MN | 501c3 | Social enterprise grant | $10,000 |
| Mu Performing Arts | Saint Paul, MN | 501c3 | Loan forgiveness through Equity Builder Loan Program | $10,000 |
| St Paul Youth Services | Saint Paul, MN | - | Mini-grant for brand development of new program | $10,000 |
| Ujamaa Place | Saint Paul, MN | - | Social enterprise grant | $10,000 |
| Saluting Branches | Minnetonka, MN | - | To honor American service men and women by organizing volunteer tree and landscape care for the property dedicated to our veterans. | $9,000 |
| Mewinzha Ondaadiziike Wiigaming | Bemidji, MN | 501c3 | To hire our Anishinaabe Doula trainer to train local community members to become certified Doula's to expand our workforce development to support, educate and reclaim traditional birthing practices. In addition, to help develop our financial, education and clinic systems. | $8,207 |
| Anew Bam | Roseville, MN | 501c3 | Hiring an Associate Director for Organizational Sustainability. | $7,321 |
| FilmNorth | Saint Paul, MN | 501c3 | Loan forgiveness through Equity Builder Loan Program | $6,667 |
| Illusion Theatre | Minneapolis, MN | 501c3 | Loan forgiveness through Equity Builder Loan Program | $6,667 |
| In the Heart of the Beast Puppet Theatre | Minneapolis, MN | 501c3 | Loan forgiveness through Equity Builder Loan Program | $6,667 |
| Penumbra Theatre | Saint Paul, MN | - | Loan forgiveness through Equity Builder Loan Program | $6,667 |
| The Works | Bloomington, MN | - | Loan forgiveness through Equity Builder Loan Program | $6,667 |
| Dream of Wild Health | Minneapolis, MN | 501c3 | For infrastructure development and to focus on financial systems, internal communications technology, training and support. | $5,431 |
| Cultural Diversity Resources | Fargo, ND | 501c3 | To improve internal organizational structure by developing the financial and database management systems with updated technology, to create and provide professional training on new financial and database systems; to add one staff to assist with training and skills development, and to increase capacity to serve more in the community. | $5,209 |
| Creative Enterprise Zone | Saint Paul, MN | 501c3 | To help support a recognized center of creativity and enterprise, a place where people make a living by their creative capacities. | $5,165 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 2
“Kate Barr, president and CEO of Propel Nonprofits, is a board member of Borealis Philanthropy, a nonprofit philanthropic intermediary organization whose CEO, Magui Rubalcava Shulman, is a board member of Propel Nonprofits.”
Form 990, Part VI, Section A, Line 7A
“Board members of Propel Nonprofits are recruited and selected by the board of Propel Nonprofits. In an arrangement that represents it historical origins and its current corporate structure as a subsidiary, a bare majority of the Propel Nonprofits board members are presented to and formally elected by the Board of Trustees of The Minneapolis Foundation.”
Form 990, Part VI, Section A, Line 7B
“Given that Propel Nonprofits is a subsidiary organization of The Minneapolis Foundation, and according to the bylaws of the Propel Nonprofits, the Board of Trustees of The Minneapolis Foundation may at any time remove a director of the board of Propel Nonprofits that The Minneapolis Foundation has also elected to The Minneapolis Foundation Board. The Board of Trustees of The Minneapolis Foundation may also appoint a director to fill any vacancy of a Propel Nonprofits board member formally elected by The Minneapolis Foundation in the event of a vacancy caused by death, resignation, or removal.”
Form 990, Part VI, Section B, Line 11B
“The audited financial statements, on which the Form 990 is based, are presented to the Finance Committee in June by the auditors. The 990 is prepared by the Vice President of Finance and CFO based on the audited financial statements. The 990 is then reviewed by the Finance Committee and President and CEO. The 990 is distributed to the board of directors before it is filed by its August deadline.”
Form 990, Part VI, Section B, Line 12C
“Propel Nonprofits' conflict of interest policy is reviewed annually by all employees and board members. Each staff member and board member is required to disclose any dualities of interest in writing. New employees and board members review the policy and disclose dualities of interest in writing upon first joining the staff or board. In the course of business, if and when a relevant duality of interest arises, the employee or board member discloses it verbally and is recused from any decision making role related to the dual interest.”
Form 990, Part VI, Section B, Line 15
“The executive committee of the Propel Nonprofits' board of directors is responsible for reviewing annually the performance and salary of the president and CEO. Based on the review, the committee determines compensation for the president and CEO. In its salary determination, the committee engages an HR compensation consultant, considers salaries of CEOs in peer organizations with comparable experience, consults survey data of nonprofit executives, and reviews the history of the president and CEO's compensation. The president and CEO's salary was last reviewed in Fall 2017. No changes to the president and CEO's salary have occurred since that time.”
Form 990, Part VI, Section C, Line 19
“Propel Nonprofits makes its governing documents and conflict of interest policy available to anyone upon request. Propel Nonprofits governing documents include its articles of incorporation, bylaws, and IRS Form 1023. Propel Nonprofits financial statements, annual reports, and quarterly investor reports are available to the public via its website. Propel Nonprofits financial statements include its audited financial statements, single audit (when required), and IRS Form 990 including schedules and attachments.”
Form 990, Part VII, Section A, Line 1A
“Jean Adams, Senior Vice President, Strategy and Chief Operating Officer of The Minneapolis Foundation, serves on the Propel Nonprofits board of directors. Because Propel Nonprofits is a subsidiary of The Minneapolis Foundation, Ms. Adams' compensation by The Minneapolis Foundation is listed here as that of a related organization.”
Filing and Contact Details
Filer
- Filer Name
- Propel Nonprofits
- EIN
- 41-1916337
- Phone
- 6122496700
- Address
- 1 SE Main ST STE 600, Minneapolis, MN 55414
Signing Officer
- Name
- Kate Barr
- Title
- President
- Phone
- 6122496684
- Signed
- 2018-08-09
Organization Details
- Principal Officer
- Kate Barr
- Formed
- 1998
- Legal Domicile
- Mn
- Voting Board Members
- 20
- Independent Board Members
- 19
- Employees
- 37
- Volunteers
- 28
Supplemental Narrative
Additional Explanations
Form 990, Part I, Line 1
“(continued from Part I, Line 1) Propel Nonprofits provides loans to nonprofits for facilities and working capital. We train nonprofit staff and boards to understand and build financial health, clear strategy, and strong governance practices. We provide expert knowledge, guidance, and insight for nonprofits about governance, planning, financial strategy and sustainability. We consult and guide on strategy, organizational structure and financial plans, strategic alliances, and governance. We offer nonprofit accounting services and financial systems review. We provide fiscal sponsorship and support for emerging organizations and collaborations.”
Form 990, Part I, Line 8
“Propel Nonprofits regularly receives large, multi-year grants that appear as significant changes in contributions and grants from one year to the next. Because some of these grants have donor restrictions that limit their use to certain programs or to certain periods of time, these large, multi-year grants may also cause the total revenue less expenses or net income to appear negative one year, then positive the next, and back and forth. In FY2018, our total change in net assets is a negative $839,819, but our change in net assets without donor restriction (the more accurate measure of a nonprofit's annual operating results, is a positive $1.35 million. For a more complete picture of Propel Nonprofits' operating activity, please see our annual audited financial statements as made available at our website, www.propelnonprofits.org”
Form 990, Part I, Line 19
“Propel Nonprofits regularly receives large, multi-year grants that appear as significant changes in contributions and grants from one year to the next. Because some of these grants have donor restrictions that limit their use to certain programs or to certain periods of time, these large, multi-year grants may also cause the total revenue less expenses or net income to appear negative one year, then positive the next, and back and forth. In FY2018, our total change in net assets is a negative $839,819, but our change in net assets without donor restriction (the more accurate measure of a nonprofit's annual operating results, is a positive $1.35 million. For a more complete picture of Propel Nonprofits' operating activity, please see our annual audited financial statements as made available at our website, www.propelnonprofits.org”
Form 990, Part IV, Line 12A
“Propel Nonprofits issues its own audited financial statements. Though operating wholly independently, Propel Nonprofits is a technically a subsidiary organization of The Minneapolis Foundation. The Minneapolis Foundation approves a bare majority of the slate of board members of Propel Nonprofits. Because of this structure, The Minneapolis Foundation consolidates Propel Nonprofits' financials in its audited financial statements.”
Form 990, Part XII, Line 1
“While Propel Nonprofits did not change its method of accounting and maintains its books on an accrual basis, it did choose to become an early adopter of FASB Accounting Standards Update 2016-14 Presentation of Financial Statements of Not-for-Profit Entities. This change in accounting standards affects the audited financial statements of Propel Nonprofits, but does not affect the preparation or presentation of this IRS Form 990. Visit our website at www.propelnonprofits.org to see our FY2018 audited financial statements using the new FASB standards.”
Financial Statement Notes
Schedule D, Part IV, Line 2B
“The combined organization acts as a fiscal sponsor to emerging projects based in Minnesota, North Dakota, South Dakota, and Wisconsin that for various reasons have not established themselves as separate 501(c)(3) nonprofit organizations. These entities may be in the process of applying for 501(c)(3) status or may be short-term in nature or may be exploring whether becoming a separate nonprofit is the most appropriate long-term strategy to accomplish their mission. Propel Nonprofits accepts charitable grants and contributions on behalf of these projects. These funds are treated as contributions with donor restrictions when received by Propel Nonprofits. These funds are released from restriction as Propel Nonprofits in turn grants them to the fiscally sponsored recipients. Propel Nonprofits ultimately retains the discretion to redirect the funds to another entity if needed to accomplish the purpose of the contribution as originally restricted by its donor. Once funds have been granted to the fiscally sponsored client, the client has the option to hold and manage those funds on its own or enter into an arrangement with Propel Nonprofits in which Propel Nonprofits administers the funds on behalf of the client. If the client chooses to have Propel Nonprofits administer its funds, those funds become a liability of Propel Nonprofits and are recorded as such for accounting purposes. The arrangement includes Propel Nonprofits holding the client's funds in a custodial account, providing bookkeeping and accounting services, and assisting in other administrative duties related to those funds. In this arrangement, the management of the fiscally-sponsored client directs the use of the funds. Propel Nonprofits simply executes the mechanics of the transactions.”
Schedule D, Part X, Line 2
“Propel Nonprofits is exempt from income taxes under section 501(c)(3) of the Internal Revenue Service Code. It has been classified as a public charity that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible. Propel Nonprofits is also exempt from state income taxes. Propel Nonprofits evaluated its tax positions and determined that it has no uncertain tax positions.”
Raw XML AppendixShowing 400 of 1,253 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 271267 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 722266 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 234320 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 260015 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | Our mission is to fuel the impact and effectiveness of nonprofits with guidance, expertise and capital. Propel Nonprofits provides loans to nonprofits for facilities and working capital. See Schedule O for more information. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 247 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 30480 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 17019 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 47746 |
| IRS990/AllOtherContributionsAmt | 0 | 2655298 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Curtis Klotz |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6122496664 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 SE Main ST STE 600 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Minneapolis |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55414 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1876241 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 4896631 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 20793 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 157270 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 303259 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 481322 |
| IRS990/CompDisqualPersonsGrp/FundraisingAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 89 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 13736 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 23922 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 37747 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContriRptFundraisingEventAmt | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 3719704 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 2411978 |
| IRS990/CYInvestmentIncomeAmt | 0 | 21032 |
| IRS990/CYOtherExpensesAmt | 0 | 2242382 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2382337 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -839819 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 2308532 |
| IRS990/CYTotalExpensesAmt | 0 | 6962892 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 86875 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 6123073 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 3110 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 8875 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 1534 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 16552 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 78209 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 96295 |
| IRS990/Desc | 0 | Lending: As a Community Development Financial Institution (CDFI) certified by the US Treasury, Propel Nonprofits makes loans to nonprofit organizations to expand programs and services, bridge cash flow gaps, consolidate debt, and make capital improvements. We believe that access to capital is essential to the growth and stability of the nonprofit sector. Propel Nonprofits makes loans to nonprofits of all sizes and stages of development, many of which have been historically under-served by traditional credit markets. Loans are as large as $1 million and as small as $10,000. Overall, we made 101 new loans in FY2018 totaling $18,828,210. Our lending impacted organizations working in health care, human services, arts and humanities, charter schools, community development, and affordable housing. By partnering with other capital providers, we also leveraged additional funds of $48 million into the community. Within the lending program, Propel Nonprofits has created the innovative Equity Builder Loan Program. This program includes intense technical assistance, a cohort learning process, loan forgiveness, and a structured savings program that brings equity to the balance sheets of Minnesota-based arts and culture nonprofits. Ultimately, the goal is to allow the leaders of these organizations to be more strategic and visionary in their work. At the end of FY2018, there were 16 loans active in the Equity Builder program totaling nearly $1.5 million. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 37 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 950381 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 996490 |
| IRS990/ExpenseAmt | 0 | 1954288 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FederatedCampaignsAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 21696 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 3038 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 24734 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 9862 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 9265 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 19127 |
| IRS990/FeesForServicesLobbyingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 12531 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 1469 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 14000 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 32337 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 3196 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 295039 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 330572 |
| IRS990/FeesForServicesProfFundraising/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignGrantsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 40 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 2 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 3 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 3 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 3 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 4 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 20 | 40 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 21 | 40 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 22 | 40 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 15 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 16 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 17 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 18 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 19 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 45284 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 30811 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 21 | 24120 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 22 | 22290 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Jean Adams |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Paul Babcock |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Ralph Bernstein |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Heidi Christianson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Courtney Colby |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Brad Kruse |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Scott Marquardt |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Sony Malhotra |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | David Mitchell |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Marcus Owens |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Patty Pannkuk |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Ron Price |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Magui Rubalcava Shulman |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Gary Taverna |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | Bo Thao-Urabe |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | Diane Tran |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | Sarah Clyne |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | Sean Kershaw |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | Beth Topoluk |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | Greg Zeller |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | Kate Barr |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | Janet Ogden-Brackett |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | Curtis Klotz |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 183556 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 107622 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 102463 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 253307 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | Vice-Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | President and CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | Vice President of Lending |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | Vice President of Finance & Chief Financial Officer |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1998 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/FundraisingAmt | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 20 |
| IRS990/GovernmentGrantsAmt | 0 | 898906 |
| IRS990/GrantAmt | 0 | 43333 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 2411978 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 2411978 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 6123073 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 19 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 1335 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 24407 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 62619 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 88361 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4457 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4457 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/FundraisingAmt | 0 | 0 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 330133 |
| IRS990/InterestGrp/TotalAmt | 0 | 330133 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 21032 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 21032 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 288487 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 393993 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 47 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 275851 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 106151 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1077752 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1353603 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | The mission of Propel Nonprofits is to fuel the impact and effectiveness of nonprofits with guidance, expertise, and capital. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $32,125,168
- Liabilities
- $19,095,278
- Net assets
- $13,029,890
- Revenue
- $6,123,073
- Expenses
- $6,962,892
- Net income
- -$839,819