Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
990 • Fiscal year 2021 • EIN 41-1916337
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 2.5% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
28th percentile
Faster revenue growth than 28% of similar nonprofits.
Assets
Down$40,479,076
Down $248,746 (-0.6%) from 2020
Net Assets
Up$15,753,041
Up $870,461 (+5.8%) from 2020
Liabilities
Down$24,726,035
Down $1,119,207 (-4.3%) from 2020
Revenue
Up$8,344,774
Up $4,880 (+0.1%) from 2020
Expenses
Up$7,474,313
Up $318,887 (+4.5%) from 2020
Net Income
Down$870,461
Down $314,007 (-27%) from 2020
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.
To fuel the impact and effectiveness of nonprofits with guidance, expertise, and capital.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $28,420,091 | $23,487,319 | ▼ $4,932,772 |
| Cash and Non-Interest-Bearing Accounts | $7,396,961 | $12,861,436 | ▲ $5,464,475 |
| Savings and Temporary Cash Investments | $1,511,000 | $1,387,637 | ▼ $123,363 |
| Pledges and Grants Receivable | $1,484,920 | $977,582 | ▼ $507,338 |
| Investments Other Securities | $813,722 | $821,034 | ▲ $7,312 |
| Land, Buildings, and Equipment, Net | $818,022 | $667,909 | ▼ $150,113 |
| Accounts Receivable | $160,295 | $172,900 | ▲ $12,605 |
| Prepaid Expenses and Deferred Charges | $122,811 | $103,259 | ▼ $19,552 |
| Total Assets | $40,727,822 | $40,479,076 | ▼ $248,746 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $23,520,622 | $22,530,663 | ▼ $989,959 |
| Accounts Payable and Accrued Expenses | $667,487 | $942,963 | ▲ $275,476 |
| Escrow Account Liability | $1,080,943 | $690,659 | ▼ $390,284 |
| Deferred Revenue | $576,190 | $561,750 | ▼ $14,440 |
| Total Liabilities | $25,845,242 | $24,726,035 | ▼ $1,119,207 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $11,606,718 | $12,321,637 | ▲ $714,919 |
| Net Assets With Donor Restrictions | $3,275,862 | $3,431,404 | ▲ $155,542 |
| Total Net Assets Fund Balance | $14,882,580 | $15,753,041 | ▲ $870,461 |
| Total Liabilities and Net Assets / Fund Balance | $40,727,822 | $40,479,076 | ▼ $248,746 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $282,335 | $514,340 | $796,675 |
| Leasehold Improvements | $378,574 | $208,355 | $586,929 |
| Other Land Buildings | $7,000 | $3,504 | $10,504 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kate Barr | President and CEO | FT | $183,821 | $23,402 | $207,223 |
| Keven Ambrus | Vice President of Finance and CFO | FT | $115,019 | $30,271 | $145,290 |
| Janet Ogden-brackett | Vice President of Programs | FT | $118,832 | $15,234 | $134,066 |
| Name | Title |
|---|---|
| Sean Kershaw | Chair |
| Sarah Clyne | Vice Chair |
| Bo Thao-urabe | Board Member |
| Brad Kruse | Board Member |
| Courtney Colby | Board Member |
| Diane Tran | Board Member |
| Elizabeth Topoluk | Board Member |
| Gary Taverna | Board Member |
| Heidi Christianson | Board Member |
| Jean Adams | Board Member |
| Marcus Owens | Board Member |
| Patty Pannkuk | Board Member |
| Scott Marquardt | Board Member |
| Sony Malhotra | Board Member |
| David Mitchell | Treasurer |
| Paul Babcock | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $3,194,746 |
| Salaries, Compensation, and Employee Benefits | $2,943,971 |
| Other Expenses | $1,335,596 |
| Total Fundraising Expense | $198,704 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $3,194,746 | - | - | $3,194,746 |
| Other Salaries and Wages | $1,331,597 | $289,208 | $107,185 | $1,727,990 |
| Current Officers, Directors, Trustees, and Key Employees | $419,094 | $275,213 | $10,262 | $704,569 |
| Interest | $493,855 | - | - | $493,855 |
| Fees for Services Other | $169,260 | $113,612 | $25,200 | $308,072 |
| Other Employee Benefits | $191,613 | $44,956 | $14,500 | $251,069 |
| Occupancy | $153,428 | $44,594 | $10,053 | $208,075 |
| Depreciation Depletion | $130,535 | $37,717 | $8,360 | $176,612 |
| Payroll Taxes | $126,508 | $38,658 | $8,778 | $173,944 |
| Information Technology | $116,922 | $27,564 | $5,940 | $150,426 |
| Pension Plan Contributions | $66,580 | $14,460 | $5,359 | $86,399 |
| Office Expenses | $40,481 | $20,723 | $2,099 | $63,303 |
| Fees for Services Accounting | - | $33,579 | - | $33,579 |
| Insurance | $9,466 | $10,547 | $516 | $20,529 |
| Advertising | $7,748 | $1,378 | $452 | $9,578 |
| Fees for Services Management | - | $8,909 | - | $8,909 |
| Fees for Services Legal | $2,085 | $4,394 | - | $6,479 |
| Conferences and Meetings | $1,265 | $864 | - | $2,129 |
| Travel | $251 | $7 | - | $258 |
| Other Expenses | $-173,458 | - | - | $-173,458 |
| Total Functional Expenses | $6,309,226 | $966,383 | $198,704 | $7,474,313 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $7,474,313 |
| Total Expenses per Audited Statements | $7,474,313 |
| Total Expenses per Form 990 | $7,474,313 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Council for Black Male Success | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program | $697,746 |
| Monarch Joint Venture | Henderson, MN | 501(c)(3) | Fiscal Sponsorship Grant | $207,296 |
| Penumbra Theatre Company Tctocc | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc | $126,000 |
| Zamya Theater Project | Minneapolis, MN | - | Fiscal Sponsorship Program | $103,148 |
| New Americans Alliance for Development | Saint Paul, MN | 501(c)(3) | Fiscal Sponsor | $97,252 |
| New Native Theatre Tctocc | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc | $81,000 |
| Pangea World Theatre Tctocc | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc | $81,000 |
| Teatro Del Pueblo Tctocc | Saint Paul, MN | - | Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc | $81,000 |
| Nonprofit Quarterly | Boston, MA | 501(c)(3) | Finanical Commons | $80,000 |
| Bridgemakers | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship Grant | $70,000 |
| Theater Mu Inc Tctocc | Saint Paul, MN | - | Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc | $63,000 |
| Project Imprintz | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship Program | $58,891 |
| Pillsbury United Communities | Minneapolis, MN | 501(c)(3) | Loan Forgiveness From Equity Builder Loan Program & Target | $57,833 |
| Market Entry Fund | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program | $54,693 |
| Closeknit | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship Program | $51,336 |
| Break the Silence | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program | $50,413 |
| Reviving the Islamic Sisterhood for Empowerment | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant | $40,305 |
| Navigate Minnesota | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) | $39,520 |
| Manidoo Ogitigaan | Bemidji, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) & Covid Recovery Grant | $37,251 |
| Sahan Journal | Saint Paul, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant | $33,188 |
| Livemore | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program | $33,018 |
| Indigenous Roots | Saint Paul, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant | $31,000 |
| Center for Coaching in Organizations | Arden Hills, MN | 501(c)(3) | Fiscal Sponsorship Grant | $30,100 |
| Teatro Del Pueblo | Saint Paul, MN | - | Nonprofit Infrastructure Grant Program (nigp) & Covid Recovery Grant | $28,460 |
| Juxtaposition Arts | Minneapolis, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program | $27,167 |
| Council on American-islamic Relations Mn (cair Mn) | Minneapolis, MN | 501(c)(3) | Nonprofit Infastructure Grant Program (nigp)& Mdrf | $23,915 |
| The Jk Movement | Saint Paul, MN | - | Nonprofit Infrastructure Grant Program (nigp) | $23,000 |
| Hmong Museum | Saint Paul, MN | 501(c)(3) | Nonprofit Infastructure Grant Program (nigp) | $22,892 |
| Park Square Theatre | Saint Paul, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program | $22,167 |
| Hmong Early Childhood Coalition | Spring Lake Park, MN | 501(c)(3) | Fiscal Sponsorship Grant | $21,231 |
| Association for Black Economic Power | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant | $18,849 |
| Looking Glass Books | Plymouth, MN | 501(c)(3) | Fiscal Sponsorship Grant | $13,971 |
| Theater Mu Inc | Saint Paul, MN | - | Loan Forgiveness Through Equity Builder Loan Program | $13,833 |
| Walker West Music Academy | Saint Paul, MN | - | Loan Forgiveness Through Equity Builder Loan Program | $13,833 |
| American Indian Family Center | Saint Paul, MN | 501(c)(3) | Family Engagement Grant | $12,500 |
| Anew Bam (30000 Feet) | Roseville, MN | 501(c)(3) | Family Engagement Grant | $12,500 |
| Ayada Leads | Minneapolis, MN | 501(c)(3) | Family Engagement Grant | $12,500 |
| Coalition of Asian American Leaders (caal) | Saint Paul, MN | 501(c)(3) | Family Engagement Grant | $12,500 |
| Edallies (minnesota Parent Union) | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $12,500 |
| Family Values for Life | Saint Paul, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant | $12,500 |
| Minneapolis Foundation (advancing Equity Coalition) | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant - Fiscal for Latino Lead | $12,500 |
| Minnesota Education Equity Partnership | Saint Paul, MN | 501(c)(3) | Family Engagement Grant | $12,500 |
| Somali American Parent Association | Minneapolis, MN | 501(c)(3) | Family Engagement Grant | $12,500 |
| Somali Success School | Minneapolis, MN | 501(c)(3) | Family Engagement Grant | $12,500 |
| Voices for Racial Justice | Minneapolis, MN | - | Family Engagement Grant | $12,500 |
| We Win Institute Inc | Minneapolis, MN | - | Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant | $12,500 |
| AL-MAA'UUN | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| African Community Senior Services | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Afro American Develpment Association | Moorhead, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Bhutanese Community Organization of Mn | Roseville, MN | 501(c)(3) | 501(c)(3) | $12,000 |
| Center for Hmong Arts and Talent | Saint Paul, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Dakota Wicohan | Morton, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Free Clinic of Steele County | Owatonna, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Hispanic Outreach of Goodhue County | Red Wing, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Immigrant Development Cener | Moorhead, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Mad Dads | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Neighborhood Youth Academy | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Rosy Simas Danse | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $12,000 |
| Transforming Generations | Saint Paul, MN | - | Covid Recovery Grant | $12,000 |
| Science and Social Studies Adventures | Maple Grove, MN | 501(c)(3) | Fiscal Sponsorship Grant | $11,707 |
| Tanka Fund | Kyle, SD | - | Fiscal Sponsorship Program | $10,910 |
| Hallie Q Brown | Saint Paul, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program | $10,500 |
| Ka Joog | Minneapolis, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program | $10,500 |
| Saint Paul Neighborhood Network | Saint Paul, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program and Loan Fund Equity Builer Infrastructure Grant | $10,500 |
| The Cedar Cultural Center Inc | Minneapolis, MN | - | Loan Forgiveness Through Equity Builder Loan Program and Loan Fund Equity Builer Infrastructure Grant | $10,500 |
| Tu Dance | Saint Paul, MN | - | Loan Forgiveness Through Equity Builder Loan Program | $10,500 |
| Mpgl Entertainment | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship Program | $9,831 |
| Transmission Ministry Collective | Saint Paul, MN | - | Fiscal Sponsorship Program | $9,591 |
| Connections to Independence | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $9,000 |
| Sabathani Community Center | Minneapolis, MN | 501(c)(3) | Covid Recovery Grant | $9,000 |
| Vietnamese Social Services of Minnesota | Saint Paul, MN | - | Covid Recovery Grant | $9,000 |
| Parents Radically Organized Pros | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program | $8,691 |
| Soo Visual Arts Center | Minneapolis, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program and Loan Fund Equity Builer Infrastructure Grant | $8,000 |
| Frogtown Green | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Grant | $7,394 |
| Community Health Fund | Robbinsdale, MN | 501(c)(3) | Fiscal Sponsorship Program | $7,181 |
| Coffee House Press | Minneapolis, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program | $7,167 |
| Penumbra Theatre Company | Saint Paul, MN | 501(c)(3) | Loan Forgiveness Through Equity Builder Loan Program | $7,167 |
| Global Shapers Minneapolis | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship Grant | $6,870 |
| Foster Advocates | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship Program | $5,985 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The amendments to the corporation's bylaws made the following changes: terminated the relationship with the minneapolis foundation along with their power to elect the majority of the directors on the board of trustees. The executive director's title was changed to president. The finance committee was distinctly identified to provide oversight for the corporation's accounting and financial conditions. Several additional financial powers of the board were defined such as the power to make gifts, the power to enter into and perform contracts, the power to authorize the title of property to the organization, and the power to approve an annual budget of the coproration.”
“Board members of propel nonprofits are recruited and selected by the board of propel nonprofits. In an arrangement that represents its 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. This relationship ended in january 2021.”
“Given that propel nonprofits is a subsidiary organization of the minneapolis foundation, and according to the bylaws of 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 elected to the propel nonprofits 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. This relationship ended in january 2021.”
“The audited financial statements on which the form 990 is based, are presented to the finance committee by the auditors. The form 990 was prepared by an independent accounting firm. Once a draft was available, the form 990 was reviewed by management and the board prior to filing.”
“The propel nonprofits conflict of interest policy is reviewed annually by all employees and board members. Each staff member is required to disclose any dualities of interest in writing. New employees and board members review the policy and disclose any 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.”
“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 ceo's 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 2019. No changes to the president and ceo's salary have occurred since that time.”
“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.”
“The following changes have been made to the amended 990: there was a $608,000 increase in contribution revenue. This increased the following line numbers by this amount: form 990, item g; form 990 part i, lines 8/12/18; form 990, part viii, line 1f; form 990, part xi, lines 1/3/10 schedule a, part ii, lines 1e&f/4e&f/7e&f/11; & schedule d, part xi, lines 1/3/5. There was also a corresponding $608,000 increase in pledges receivable. This increased the following line numbers by this amount: form 990, part i, lines 20/22; form 990, part x, lines 3/16/28/32/33. The principal officer of the return was updated from propel nonprofits to kate barr on form 990, item f. On form 990, part ii, the paid preparer of the return was changed to cliftonlarsonallen with the signer being deirdre hodgson. Form 990, part vi, line 4 was checked yes and updated with the following narrative: "the amendments to the corporation's bylaws made the following changes: terminated the relationship with the minneapolis foundation along with their power to elect the majority of the directors on the board of trustees. The executive director's title was changed to president.the finance committee was distinctly identified to provide oversight for the corporation's accounting and financial conditions.several additional financial powers of the board were defined such as the power to make gifts, the power to enter into and perform contracts, the power to authorize the title of property to the organization, and the power to approve an annual budget of the coporation. " form 990, part vi, line 7a was checked yes and updated with the following narrative: "board members of propel nonprofits are recruited and selected by the board of propel nonprofits. In an arrangement that represents its 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." this relationship ended in january 2021. Form 990, part vi, line 7b was checked yes and updated with the following narrative: "given that propel nonprofits is a subsidiary organization of the minneapolis foundation, and according to the bylaws of 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 elected to the propel nonprofits 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." this relationship ended in january 2021. Form 990, part vi, line 11b was updated with the following narrative: "the audited financial statements on which the form 990 is based, are presented to the finance committee by the auditors. The form 990 was prepared by an independent accounting firm. Once a draft was available, the form 990 was reviewed by management and the board prior to filing." form 990, part vi, line 12c was checked yes and updated with the following narrative: "the propel nonprofits conflict of interest policy is reviewed annually by all employees and board members. Each staff member is required to disclose any dualities of interest in writing. New employees and board members review the policy and disclose any 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." schedule a, part ii had changes to lines 5 & 14 due to calculation changes due to the change in contribution revenues. Schedule b had a contributor increase their contributions from $330,000 to $538,000. Schedule b had a contributor increase their contributions from $100,000 t”
“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 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.”
“Propel nonprofits is exempt from income taxes under section 501(c)(3) of the internal revenue service code (irc). It has been classified as a public charity that is not a private foundation under the irc 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.propel nonprofits is exempt from income taxes under section 501(c)(3) of the internal revenue service code (irc). It has been classified as a public charity that is not a private foundation under the irc 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.”
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 | 667487 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 942963 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 160295 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 172900 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 452 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 1378 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 7748 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 9578 |
| IRS990/AllOtherContributionsAmt | 0 | 4458604 |
| IRS990/AmendedReturnInd | 0 | X |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KEVEN AMBRUS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6122496700 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 SE MAIN STREET NO 600 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MINNEAPOLIS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55414 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 7396961 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 12861436 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 1 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 10262 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 275213 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 419094 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 704569 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 864 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 1265 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 2129 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 6246500 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 3194746 |
| IRS990/CYInvestmentIncomeAmt | 0 | 15487 |
| IRS990/CYOtherExpensesAmt | 0 | 1335596 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2082787 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 870461 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 2943971 |
| IRS990/CYTotalExpensesAmt | 0 | 7474313 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 198704 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 8344774 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 576190 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 561750 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 8360 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 37717 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 130535 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 176612 |
| 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 42 NEW LOANS IN FY2021 TOTALING $9,986,165. 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 $7,590,500 INTO THE COMMUNITY. WITHIN THE LENDING PROGRAM, PROPEL NONPROFITS HAS CONTINUED 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. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3275862 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3431404 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 32 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 1080943 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 690659 |
| IRS990/ExpenseAmt | 0 | 1399996 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 33579 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 33579 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 4394 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 2085 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6479 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 8909 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 8909 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 25200 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 113612 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 169260 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 308072 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd | 0 | X |
| 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/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/OtherCompensationAmt | 0 | 0 |
| 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 | 23402 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 30271 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 15234 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | SEAN KERSHAW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | SARAH CLYNE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PAUL BABCOCK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DAVID MITCHELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JEAN ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | HEIDI CHRISTIANSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | COURTNEY COLBY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | BRAD KRUSE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SCOTT MARQUARDT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | SONY MALHOTRA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | MARCUS OWENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | PATTY PANNKUK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | GARY TAVERNA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | BO THAO-URABE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | ELIZABETH TOPOLUK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | DIANE TRAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | KATE BARR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | KEVEN AMBRUS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | JANET OGDEN-BRACKETT |
| 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 | 183821 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 115019 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 118832 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| 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/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| 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 | PRESIDENT AND CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | VICE PRESIDENT OF FINANCE AND CFO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | VICE PRESIDENT OF PROGRAMS |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1998 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 1 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 16 |
| IRS990/GovernmentGrantsAmt | 0 | 1787896 |
| IRS990/GrantAmt | 0 | 223000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 3194746 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 3194746 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 8344774 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 16 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 5940 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 27564 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 116922 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 150426 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 516 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 10547 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 9466 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 20529 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 493855 |
| IRS990/InterestGrp/TotalAmt | 0 | 493855 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 15487 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 15487 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 813722 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 821034 |
| IRS990/IRPDocumentCnt | 0 | 24 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 726199 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 818022 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 667909 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1394108 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 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. 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 14882580 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 15753041 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 11606718 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 12321637 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 10053 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 44594 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 153428 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 208075 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 2099 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 20723 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 40481 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 63303 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 14500 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 44956 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 191613 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 251069 |
| IRS990/OtherExpensesGrp/Desc | 0 | UNCOLLECTIBLE ACCOUNTS |
| IRS990/OtherExpensesGrp/Desc | 1 | LENDING EXPENSES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 27250 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | -173458 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 27250 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | -173458 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 107185 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 289208 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1331597 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1727990 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 28420091 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 23487319 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 8778 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 38658 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 126508 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 173944 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 5359 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 14460 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 66580 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 86399 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1484920 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 977582 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 122811 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 103259 |
| IRS990/PrincipalOfficerNm | 0 | KATE BARR |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522200 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611430 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 522200 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST REVENUE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | CLIENT FEE AND CONTRAC |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | WORKSHOP AND TRAINING |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | LOAN FEE REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1547140 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 378596 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 81215 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 60026 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1547140 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 378596 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 81215 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 60026 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TRAINING, GUIDANCE. AND KNOWLEDGE SHARING: PROPEL NONPROFITS PROVIDES ONGOING TRAINING, CONSULTING, AND TECHNICAL ASSISTANCE ON TOPICS RANGING FROM FINANCIAL MANAGEMENT, ACCOUNTING, GOVERNANCE, NONPROFIT BUSINESS MODELS, AND SOCIAL ENTERPRISE. EARLY IN FY21, PROPEL PIVOTED ITS PROGRAM DELIVERY TO A VIRTUAL FORMAT, INCLUDING MOVING THE ANNUAL NONPROFIT FINANCE & SUSTAINABILITY CONFERENCE ONLINE. WE CREATED SPECIAL RESOURCES, INCLUDING WEBINARS AND A LANDING PAGE AT OUR WEBSITE, RELATED TO COVID-19 AND ENSURED NONPROFITS ACROSS THE STATE HAD TIMELY AND RELEVANT INFORMATION. DUE TO OUR RESPONSIVE PROGRAMMING AND PARTNERSHIPS WITH STATE AND REGIONAL ORGANIZATIONS - SUCH AS MN DEED AND THE BLANDIN FOUNDATION IN ITASCA COUNTY - THE NUMBER OF PEOPLE TRAINED INCREASED BY 30% FROM THE PREVIOUS YEAR. ADDITIONALLY, COHORT WORK, INCLUDING FINANCIAL LEADERSHIP COHORTS AND LEADERS CIRCLES, CONTINUED AS A VITAL RESOURCE FOR NONPROFIT LEADERS, SO THEY COULD LEARN FROM AND BE IN FELLOWSHIP WITH ONE ANOTHER THROUGH THE IMMENSE CHALLENGES CAUSED BY COVID-19. PROPEL ALSO LAUNCHED THE 2-YEAR CAPACITY BUILDING INITIATIVE (CBI) FOR FAMILY ENGAGEMENT COHORT: 12 NONPROFIT AND/OR FISCALLY SPONSORED ORGANIZATIONS JOINED IN A PARTICIPANT-DRIVEN CAPACITY BUILDING MODEL TO EMPOWER FAMILIES IN K-12 EDUCATIONAL SYSTEMS. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1384355 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 482000 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 95371 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | FISCAL SPONSORSHIP: PROPEL NONPROFITS ACTS AS A FISCAL SPONSOR TO EMERGING PROJECTS BASED IN MINNESOTA, NORTH DAKOTA, SOUTH DAKOTA, AND WISCONSIN THAT FOR VARIOUS REASONS HAVE NOT YET 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 IN ORDER TO ACCOMPLISH THE PURPOSE OF THE CONTRIBUTION AS ORIGINALLY RESTRICTED BY ITS DONOR. ONCE THE 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 AN ARRANGEMENT WITH PROPEL NONPROFITS IN WHICH PROPEL ADMINISTERS THE FUNDS ON BEHALF OF THE CLIENT. ALONG WITH THE FISCAL MANAGEMENT OPTION, PROPEL NONPROFITS PROVIDES EXTENSIVE TECHNICAL ASSISTANCE ON TOPICS SUCH AS FINANCIAL LEADERSHIP, BOARD GOVERNANCE, NONPROFIT BUSINESS MODELS, AND STRATEGY PLANNING. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 2713971 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 2489746 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 108694 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | OTHER PROGRAM SERVICES - STRATEGIC SERVICES AND ACCOUNTING AND FINANCE CONSULTING: PROPEL NONPROFITS PROVIDES A WIDE RANGE OF INTEGRATED PROGRAMS AND SERVICES FOR NONPROFIT ORGANIZATIONS. PROPEL NONPROFITS IS A MUTUAL PARTNER THAT ASSISTS NONPROFITS IN ALIGNING THEIR VISION, GETTING THE NONPROFIT'S BOARDS AND LEADERSHIP TEAMS ON THE SAME PAGE, PROVIDING TOOLS FOR BETTER ORGANIZATIONAL COMMUNICATION, AND HELPING TO EQUIP NONPROFITS WITH THE TOOLS TO BE MORE EFFECTIVE WITH REACHING THEIR MISSION. THE TOOLS THAT PROPEL NONPROFITS OFFERS THROUGH ITS STRATEGIC SERVICES PROGRAM ARE STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT, BOARD DEVELOPMENT, AND LEADERSHIP TRANSITION CONSULTING. PROPEL NONPROFITS ACCOUNTING & FINANCE PROGRAM OFFERS ACCOUNTING AND FINANCIAL MANAGEMENT SERVICES ALONG WITH CUSTOMIZED TECHNICAL ASSISTANCE WHICH HELPS ORGANIZATIONS UNDERSTAND THEIR FINANCIAL SITUATION, IDENTIFY PRIORITIES, AND DEVELOP A PLAN OF ACTION FOR THE NEAR AND LONG-TERM FUTURE |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 810904 |
| IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 257825 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 5703358 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 2969627 |
| IRS990/PYInvestmentIncomeAmt | 0 | 64622 |
| IRS990/PYOtherExpensesAmt | 0 | 1531504 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2571914 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1184468 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 2654295 |
| IRS990/PYTotalExpensesAmt | 0 | 7155426 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 8339894 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 870461 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.