Civic Intelligence

Nonprofits Assistance Fund

990 • Fiscal year 2021 • EIN 41-1916337

Apr 01, 2020 to Mar 31, 2021 • Filed on Dec 15, 2022

1 SE Main Street No 600Minneapolis, MN 55414

(612) 249-6700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.61x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

2.96x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

47th percentile

10%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$207,223

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

18th percentile

-0.6%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

0.1%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

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

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $14,981,949Liabilities 2011: $9,544,474Net Assets 2011: $5,437,4752011Assets 2012: $16,757,544Liabilities 2012: $10,371,487Net Assets 2012: $6,386,0572012Assets 2013: $18,467,644Liabilities 2013: $10,212,065Net Assets 2013: $8,255,5792013Assets 2014: $18,411,769Liabilities 2014: $10,636,301Net Assets 2014: $7,775,4682014Assets 2015: $23,075,277Liabilities 2015: $14,218,168Net Assets 2015: $8,857,1092015Assets 2016: $23,436,143Liabilities 2016: $14,258,891Net Assets 2016: $9,177,2522016Assets 2017: $28,055,965Liabilities 2017: $14,186,256Net Assets 2017: $13,869,7092017Assets 2018: $32,125,168Liabilities 2018: $19,095,278Net Assets 2018: $13,029,8902018Assets 2019: $38,277,659Liabilities 2019: $24,579,547Net Assets 2019: $13,698,1122019Assets 2020: $40,727,822Liabilities 2020: $25,845,242Net Assets 2020: $14,882,5802020Assets 2021: $40,479,076Liabilities 2021: $24,726,035Net Assets 2021: $15,753,0412021Assets 2022: $49,559,623Liabilities 2022: $28,333,338Net Assets 2022: $21,226,2852022Assets 2023: $44,298,816Liabilities 2023: $26,071,781Net Assets 2023: $18,227,0352023Assets 2024: $49,931,879Liabilities 2024: $33,258,359Net Assets 2024: $16,673,5202024Assets 2025: $61,665,697Liabilities 2025: $34,558,658Net Assets 2025: $27,107,0392025

Highlighted filing

2021

Assets$40,479,076
Liabilities$24,726,035
Net Assets$15,753,041

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $1,629,7992011Expenses 2012: $1,676,6852012Expenses 2013: $1,436,2652013Revenue 2014: $1,255,681Expenses 2014: $1,735,792Net Income 2014: -$480,1112014Revenue 2015: $2,885,507Expenses 2015: $1,803,866Net Income 2015: $1,081,6412015Revenue 2016: $2,191,595Expenses 2016: $1,871,452Net Income 2016: $320,1432016Revenue 2017: $8,894,004Expenses 2017: $4,201,547Net Income 2017: $4,692,4572017Revenue 2018: $6,123,073Expenses 2018: $6,962,892Net Income 2018: -$839,8192018Revenue 2019: $8,147,322Expenses 2019: $7,479,100Net Income 2019: $668,2222019Revenue 2020: $8,339,894Expenses 2020: $7,155,426Net Income 2020: $1,184,4682020Revenue 2021: $8,344,774Expenses 2021: $7,474,313Net Income 2021: $870,4612021Revenue 2022: $14,478,230Expenses 2022: $9,007,511Net Income 2022: $5,470,7192022Revenue 2023: $9,328,353Expenses 2023: $12,331,034Net Income 2023: -$3,002,6812023Revenue 2024: $8,635,201Expenses 2024: $10,188,716Net Income 2024: -$1,553,5152024Revenue 2025: $23,001,187Expenses 2025: $12,567,668Net Income 2025: $10,433,5192025

Highlighted filing

2021

Revenue$8,344,774
Expenses$7,474,313
Net Income$870,461
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Dec 15, 2022
Return Version
2020v4.2
Gross Receipts
$8,344,774
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.

To fuel the impact and effectiveness of nonprofits with guidance, expertise, and capital.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
Equipment$282,335$514,340$796,675
Leasehold Improvements$378,574$208,355$586,929
Other Land Buildings$7,000$3,504$10,504
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate BarrPresident and CEOFT$183,821$23,402$207,223
Keven AmbrusVice President of Finance and CFOFT$115,019$30,271$145,290
Janet Ogden-brackettVice President of ProgramsFT$118,832$15,234$134,066

Board Members and Trustees

NameTitle
Sean KershawChair
Sarah ClyneVice Chair
Bo Thao-urabeBoard Member
Brad KruseBoard Member
Courtney ColbyBoard Member
Diane TranBoard Member
Elizabeth TopolukBoard Member
Gary TavernaBoard Member
Heidi ChristiansonBoard Member
Jean AdamsBoard Member
Marcus OwensBoard Member
Patty PannkukBoard Member
Scott MarquardtBoard Member
Sony MalhotraBoard Member
David MitchellTreasurer
Paul BabcockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,246,500
Program Service Revenue
$2,082,787
Investment Income
$15,487
Other Revenue
$0
All Other Contributions
$4,458,604
Change in Net Assets
$870,461

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,344,774
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,344,774
Total Revenue per Form 990
$8,344,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
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
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Council for Black Male SuccessSaint Paul, MN501(c)(3)Fiscal Sponsorship Program$697,746
Monarch Joint VentureHenderson, MN501(c)(3)Fiscal Sponsorship Grant$207,296
Penumbra Theatre Company TctoccSaint Paul, MN501(c)(3)Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc$126,000
Zamya Theater ProjectMinneapolis, MN-Fiscal Sponsorship Program$103,148
New Americans Alliance for DevelopmentSaint Paul, MN501(c)(3)Fiscal Sponsor$97,252
New Native Theatre TctoccSaint Paul, MN501(c)(3)Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc$81,000
Pangea World Theatre TctoccMinneapolis, MN501(c)(3)Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc$81,000
Teatro Del Pueblo TctoccSaint Paul, MN-Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc$81,000
Nonprofit QuarterlyBoston, MA501(c)(3)Finanical Commons$80,000
BridgemakersMinneapolis, MN501(c)(3)Fiscal Sponsorship Grant$70,000
Theater Mu Inc TctoccSaint Paul, MN-Fiscal Sponsorship Program - Twin Cities Theater of Colors Coalition - Tctocc$63,000
Project ImprintzMinneapolis, MN501(c)(3)Fiscal Sponsorship Program$58,891
Pillsbury United CommunitiesMinneapolis, MN501(c)(3)Loan Forgiveness From Equity Builder Loan Program & Target$57,833
Market Entry FundSaint Paul, MN501(c)(3)Fiscal Sponsorship Program$54,693
CloseknitMinneapolis, MN501(c)(3)Fiscal Sponsorship Program$51,336
Break the SilenceSaint Paul, MN501(c)(3)Fiscal Sponsorship Program$50,413
Reviving the Islamic Sisterhood for EmpowermentMinneapolis, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant$40,305
Navigate MinnesotaMinneapolis, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp)$39,520
Manidoo OgitigaanBemidji, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp) & Covid Recovery Grant$37,251
Sahan JournalSaint Paul, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant$33,188
LivemoreSaint Paul, MN501(c)(3)Fiscal Sponsorship Program$33,018
Indigenous RootsSaint Paul, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant$31,000
Center for Coaching in OrganizationsArden Hills, MN501(c)(3)Fiscal Sponsorship Grant$30,100
Teatro Del PuebloSaint Paul, MN-Nonprofit Infrastructure Grant Program (nigp) & Covid Recovery Grant$28,460
Juxtaposition ArtsMinneapolis, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program$27,167
Council on American-islamic Relations Mn (cair Mn)Minneapolis, MN501(c)(3)Nonprofit Infastructure Grant Program (nigp)& Mdrf$23,915
The Jk MovementSaint Paul, MN-Nonprofit Infrastructure Grant Program (nigp)$23,000
Hmong MuseumSaint Paul, MN501(c)(3)Nonprofit Infastructure Grant Program (nigp)$22,892
Park Square TheatreSaint Paul, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program$22,167
Hmong Early Childhood CoalitionSpring Lake Park, MN501(c)(3)Fiscal Sponsorship Grant$21,231
Association for Black Economic PowerMinneapolis, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant$18,849
Looking Glass BooksPlymouth, MN501(c)(3)Fiscal Sponsorship Grant$13,971
Theater Mu IncSaint Paul, MN-Loan Forgiveness Through Equity Builder Loan Program$13,833
Walker West Music AcademySaint Paul, MN-Loan Forgiveness Through Equity Builder Loan Program$13,833
American Indian Family CenterSaint Paul, MN501(c)(3)Family Engagement Grant$12,500
Anew Bam (30000 Feet)Roseville, MN501(c)(3)Family Engagement Grant$12,500
Ayada LeadsMinneapolis, MN501(c)(3)Family Engagement Grant$12,500
Coalition of Asian American Leaders (caal)Saint Paul, MN501(c)(3)Family Engagement Grant$12,500
Edallies (minnesota Parent Union)Minneapolis, MN501(c)(3)Covid Recovery Grant$12,500
Family Values for LifeSaint Paul, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant$12,500
Minneapolis Foundation (advancing Equity Coalition)Minneapolis, MN501(c)(3)Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant - Fiscal for Latino Lead$12,500
Minnesota Education Equity PartnershipSaint Paul, MN501(c)(3)Family Engagement Grant$12,500
Somali American Parent AssociationMinneapolis, MN501(c)(3)Family Engagement Grant$12,500
Somali Success SchoolMinneapolis, MN501(c)(3)Family Engagement Grant$12,500
Voices for Racial JusticeMinneapolis, MN-Family Engagement Grant$12,500
We Win Institute IncMinneapolis, MN-Nonprofit Infrastructure Grant Program (nigp) - Capacity Building Grant$12,500
AL-MAA'UUNMinneapolis, MN501(c)(3)Covid Recovery Grant$12,000
African Community Senior ServicesMinneapolis, MN501(c)(3)Covid Recovery Grant$12,000
Afro American Develpment AssociationMoorhead, MN501(c)(3)Covid Recovery Grant$12,000
Bhutanese Community Organization of MnRoseville, MN501(c)(3)501(c)(3)$12,000
Center for Hmong Arts and TalentSaint Paul, MN501(c)(3)Covid Recovery Grant$12,000
Dakota WicohanMorton, MN501(c)(3)Covid Recovery Grant$12,000
Free Clinic of Steele CountyOwatonna, MN501(c)(3)Covid Recovery Grant$12,000
Hispanic Outreach of Goodhue CountyRed Wing, MN501(c)(3)Covid Recovery Grant$12,000
Immigrant Development CenerMoorhead, MN501(c)(3)Covid Recovery Grant$12,000
Mad DadsMinneapolis, MN501(c)(3)Covid Recovery Grant$12,000
Neighborhood Youth AcademyMinneapolis, MN501(c)(3)Covid Recovery Grant$12,000
Rosy Simas DanseMinneapolis, MN501(c)(3)Covid Recovery Grant$12,000
Transforming GenerationsSaint Paul, MN-Covid Recovery Grant$12,000
Science and Social Studies AdventuresMaple Grove, MN501(c)(3)Fiscal Sponsorship Grant$11,707
Tanka FundKyle, SD-Fiscal Sponsorship Program$10,910
Hallie Q BrownSaint Paul, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program$10,500
Ka JoogMinneapolis, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program$10,500
Saint Paul Neighborhood NetworkSaint Paul, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program and Loan Fund Equity Builer Infrastructure Grant$10,500
The Cedar Cultural Center IncMinneapolis, MN-Loan Forgiveness Through Equity Builder Loan Program and Loan Fund Equity Builer Infrastructure Grant$10,500
Tu DanceSaint Paul, MN-Loan Forgiveness Through Equity Builder Loan Program$10,500
Mpgl EntertainmentMinneapolis, MN501(c)(3)Fiscal Sponsorship Program$9,831
Transmission Ministry CollectiveSaint Paul, MN-Fiscal Sponsorship Program$9,591
Connections to IndependenceMinneapolis, MN501(c)(3)Covid Recovery Grant$9,000
Sabathani Community CenterMinneapolis, MN501(c)(3)Covid Recovery Grant$9,000
Vietnamese Social Services of MinnesotaSaint Paul, MN-Covid Recovery Grant$9,000
Parents Radically Organized ProsSaint Paul, MN501(c)(3)Fiscal Sponsorship Program$8,691
Soo Visual Arts CenterMinneapolis, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program and Loan Fund Equity Builer Infrastructure Grant$8,000
Frogtown GreenSaint Paul, MN501(c)(3)Fiscal Sponsorship Grant$7,394
Community Health FundRobbinsdale, MN501(c)(3)Fiscal Sponsorship Program$7,181
Coffee House PressMinneapolis, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program$7,167
Penumbra Theatre CompanySaint Paul, MN501(c)(3)Loan Forgiveness Through Equity Builder Loan Program$7,167
Global Shapers MinneapolisMinneapolis, MN501(c)(3)Fiscal Sponsorship Grant$6,870
Foster AdvocatesSaint Paul, MN501(c)(3)Fiscal Sponsorship Program$5,985
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

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.

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 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, Section A, Line 7B

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, Section B, Line 11B

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, Section B, Line 12

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.

Form 990, Part VI, Section B, Line 15A

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.

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.

Filing and Contact Details

Filer

Filer Name
Propel Nonprofits
EIN
41-1916337
Phone
6122496700
Address
1 SE MAIN STREET NO 600, MINNEAPOLIS, MN 55414

Signing Officer

Name
Kate Barr
Title
President
Phone
6122496700
Signed
2022-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Barr
Formed
1998
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
32
Volunteers
30

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Deirdre Hodgson
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, ITEM B:

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

Financial Statement Notes

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 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.

PART X, LINE 2:

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.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01547140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1378596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt281215
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt360026
IRS990/ProgSrvcAccomActy2Grp/Desc0TRAINING, 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/ExpenseAmt01384355
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0482000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt095371
IRS990/ProgSrvcAccomActy3Grp/Desc0FISCAL 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/ExpenseAmt02713971
IRS990/ProgSrvcAccomActy3Grp/GrantAmt02489746
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0108694
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER 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/ExpenseAmt0810904
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0257825
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05703358
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02969627
IRS990/PYInvestmentIncomeAmt064622
IRS990/PYOtherExpensesAmt01531504
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02571914
IRS990/PYRevenuesLessExpensesAmt01184468
IRS990/PYSalariesCompEmpBnftPaidAmt02654295
IRS990/PYTotalExpensesAmt07155426
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08339894
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0870461
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.7$34.6$27.1$23.0$12.6$10.4
2024Summary only. Only limited summary data is available for this year.$49.9$33.3$16.7$8.64$10.2$1.55
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$26.1$18.2$9.33$12.3$3.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.6$28.3$21.2$14.5$9.01$5.47
2021Detailed filing. Detailed filing data is available for this year.$40.5$24.7$15.8$8.34$7.47$0.87
2020Summary only. Only limited summary data is available for this year.$40.7$25.8$14.9$8.34$7.16$1.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.3$24.6$13.7$8.15$7.48$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.1$19.1$13.0$6.12$6.96$0.84
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.1$14.2$13.9$8.89$4.20$4.69
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.4$14.3$9.18$2.19$1.87$0.32
2015Detailed filing. Detailed filing data is available for this year.$23.1$14.2$8.86$2.89$1.80$1.08
2014Detailed filing. Detailed filing data is available for this year.$18.4$10.6$7.78$1.26$1.74$0.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$10.2$8.26$1.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$10.4$6.39$1.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$9.54$5.44$1.63