Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Nonprofits Assistance Fund
990 • Fiscal year 2022 • EIN 41-1916337
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.57x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
35th percentile
Higher top officer pay than 35% of similar nonprofits.
Top officer pay equals 1.4% of source-year revenue.
Asset Growth
83rd percentile
Faster asset growth than 83% of similar nonprofits.
Revenue Growth
91st percentile
Faster revenue growth than 91% of similar nonprofits.
Balance Sheet
Assets
Up$49,559,623
Up $9,080,547 (+22%) from 2021
Net Assets
Up$21,226,285
Up $5,473,244 (+35%) from 2021
Liabilities
Up$28,333,338
Up $3,607,303 (+15%) from 2021
Revenue And Expenses
Revenue
Up$14,478,230
Up $6,133,456 (+74%) from 2021
Expenses
Up$9,007,511
Up $1,533,198 (+21%) from 2021
Net Income
Up$5,470,719
Up $4,600,258 (+528%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Apr 1, 2021 to Mar 31, 2022
- Signed
- Feb 10, 2023
- Return Version
- 2021v4.2
- Gross Receipts
- $14,478,230
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $23,487,319 | $27,424,647 | ▲ $3,937,328 |
| Savings and Temporary Cash Investments | $1,387,637 | $10,851,617 | ▲ $9,463,980 |
| Cash and Non-Interest-Bearing Accounts | $12,861,436 | $8,093,976 | ▼ $4,767,460 |
| Accounts Receivable | $172,900 | $868,136 | ▲ $695,236 |
| Investments Other Securities | $821,034 | $823,559 | ▲ $2,525 |
| Pledges and Grants Receivable | $977,582 | $799,217 | ▼ $178,365 |
| Land, Buildings, and Equipment, Net | $667,909 | $553,835 | ▼ $114,074 |
| Prepaid Expenses and Deferred Charges | $103,259 | $144,636 | ▲ $41,377 |
| Total Assets | $40,479,076 | $49,559,623 | ▲ $9,080,547 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $22,530,663 | $25,403,779 | ▲ $2,873,116 |
| Accounts Payable and Accrued Expenses | $942,963 | $1,035,101 | ▲ $92,138 |
| Other Liabilities | $0 | $896,250 | ▲ $896,250 |
| Escrow Account Liability | $690,659 | $581,906 | ▼ $108,753 |
| Deferred Revenue | $561,750 | $416,302 | ▼ $145,448 |
| Total Liabilities | $24,726,035 | $28,333,338 | ▲ $3,607,303 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $12,321,637 | $13,260,860 | ▲ $939,223 |
| Net Assets With Donor Restrictions | $3,431,404 | $7,965,425 | ▲ $4,534,021 |
| Total Net Assets Fund Balance | $15,753,041 | $21,226,285 | ▲ $5,473,244 |
| Total Liabilities and Net Assets / Fund Balance | $40,479,076 | $49,559,623 | ▲ $9,080,547 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $206,705 | $618,551 | $825,256 |
| Leasehold Improvements | $341,130 | $264,346 | $605,476 |
| Other Land Buildings | $6,000 | $4,504 | $10,504 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kate Barr | President and CEO | FT | $176,771 | $23,413 | $200,184 |
| Keven Ambrus | Vice President of Finance and CFO | FT | $115,364 | $31,526 | $146,890 |
| Glyn Northington | Senior Program Director | FT | $103,493 | $19,382 | $122,875 |
Board Members and Trustees
| 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 |
| Paul Babcock | Secretary |
| David Mitchell | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $12,415,603
- Program Service Revenue
- $2,042,057
- Investment Income
- $20,570
- Other Revenue
- $0
- All Other Contributions
- $9,767,110
- Change in Net Assets
- $5,470,719
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $14,478,230
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $2,525
- Total Revenue per Audited Statements
- $14,480,755
- Total Revenue per Form 990
- $14,478,230
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $4,414,679 |
| Salaries, Compensation, and Employee Benefits | $3,037,307 |
| Other Expenses | $1,555,525 |
| Total Fundraising Expense | $221,786 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $4,414,679 | - | - | $4,414,679 |
| Other Salaries and Wages | $1,408,125 | $492,159 | $133,746 | $2,034,030 |
| Interest | $519,389 | - | - | $519,389 |
| Current Officers, Directors, Trustees, and Key Employees | $233,914 | $152,044 | $3,898 | $389,856 |
| Other Employee Benefits | $235,739 | $84,694 | $21,792 | $342,225 |
| Fees for Services Other | $219,361 | $68,312 | $12,141 | $299,814 |
| Occupancy | $145,394 | $47,477 | $12,508 | $205,379 |
| Payroll Taxes | $115,391 | $44,630 | $9,839 | $169,860 |
| Depreciation Depletion | $119,289 | $33,852 | $8,060 | $161,201 |
| Information Technology | $101,614 | $29,037 | $7,728 | $138,379 |
| Pension Plan Contributions | $70,158 | $24,512 | $6,666 | $101,336 |
| Office Expenses | $36,129 | $32,400 | $1,546 | $70,075 |
| Fees for Services Accounting | - | $31,526 | - | $31,526 |
| Insurance | $20,063 | $6,551 | $1,726 | $28,340 |
| Fees for Services Management | - | $20,551 | - | $20,551 |
| Advertising | $13,277 | $3,015 | $1,438 | $17,730 |
| Fees for Services Legal | $11,333 | $5,442 | $602 | $17,377 |
| Conferences and Meetings | $7,058 | $1,886 | $75 | $9,019 |
| Other Expenses | $3,547 | $97 | $7 | $3,651 |
| Travel | $1,580 | $136 | $14 | $1,730 |
| Total Functional Expenses | $7,707,404 | $1,078,321 | $221,786 | $9,007,511 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $9,007,511 |
| Total Expenses per Audited Statements | $9,007,511 |
| Total Expenses per Form 990 | $9,007,511 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Bridgemakers | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $331,946 |
| 360 Impact | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship | $228,000 |
| Youth Leadership Initiative | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $198,596 |
| Ayada Leads | Minneapolis, MN | - | Family Engagement Grant | $162,500 |
| Minnesota Education Equity Partnership | Saint Paul, MN | 501(c)(3) | Family Engagement Program | $160,000 |
| Minnesota Parent Union | Saint Paul, MN | 501(c)(3) | Family Engagement Program | $137,500 |
| Voices for Racial Justice | Minneapolis, MN | 501(c)(3) | Family Engagement Program | $135,000 |
| Hmong Early Childhood Coalition | Woodbury, MN | 501(c)(3) | Fiscal Sponsorship | $126,769 |
| 30000 Feet | Roseville, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| American Indian Family Center | Saint Paul, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| Coalition of Asian American Leaders | Saint Paul, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| Family Values for Life | Saint Paul, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| Minneapolis Foundation | Minneapolis, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| Somali American Parent Association | St Paul, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| Somali Success School | Minneapolis, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| We Win Institute Inc | Minneapolis, MN | 501(c)(3) | Family Engagement Program | $92,500 |
| AMERICAN INDIAN COMMUNITY HOUSING ORG #4533 | Duluth, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $75,000 |
| CHANGE INC #4574 | Saint Paul, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $75,000 |
| CITY OF LAKES COMMUNITY LAND TRUST #4541 | Minneapolis, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $75,000 |
| FAMILY TREE INC #4495 | Minneapolis, MN | - | Recovery Capital Loan Forgiveness | $75,000 |
| IMMIGRANT LAW CENTER OF MINNESOTA #4537 | Saint Paul, MN | - | Recovery Capital Loan Forgiveness | $75,000 |
| LOWER PHALEN CREEK PROJECT #4496 | Saint Paul, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $75,000 |
| POLLEN MIDWEST #4551 | Minneapolis, MN | - | Recovery Capital Loan Forgiveness | $75,000 |
| THE NETWORK FOR BETTER FUTURES #4549 | Minneapolis, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $75,000 |
| TUBMAN #4534 | Minneapolis, MN | - | Recovery Capital Loan Forgiveness | $75,000 |
| WAYSIDE HOUSE INC #4518 | Edina, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $75,000 |
| Penumbra Theatre Company | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship - Twin Cities Theaters of Color Coalition | $73,850 |
| New Americans Alliance for Development | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship | $73,293 |
| Memorialize the Movement | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $68,469 |
| Transmission Ministry Collective | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship | $61,445 |
| Alongside Network | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $48,449 |
| New Native Theatre | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship - Twin Cities Theaters of Color Coalition | $47,475 |
| Pangea World Theatre | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship - Twin Cities Theaters of Color Coalition | $47,475 |
| Teatro Del Pueblo | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship - Twin Cities Theaters of Color Coalition | $47,475 |
| Theater Mu Inc | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship - Twin Cities Theaters of Color Coalition | $47,475 |
| Market Entry Fund | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship | $45,000 |
| FOSTER ADVOCATES #4539 | Saint Paul, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $37,500 |
| MODEL CITIES OF ST PAUL #4499 | Saint Paul, MN | - | Recovery Capital Loan Forgiveness | $37,500 |
| The Crew Urban Youth Equestrians | West St Paul, MN | - | Fiscal Sponsorship | $32,362 |
| Reviving the Islamic Sisterhood for Empowerment | Minneapolis, MN | 501(c)(3) | Seeding Cultural Treasures & Nonprofit Infrastructure Grant Programs | $27,170 |
| Indigenous Roots | Saint Paul, MN | 501(c)(3) | Seeding Cultural Treasures & Nonprofit Infrastructure Grant Programs | $26,734 |
| Minnesota Autistic Alliance | Saint Paul, MN | - | Fiscal Sponsorship | $25,189 |
| SKYLINE MATH & SCIENCE ACADEMY #4532 | Minneapolis, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $25,000 |
| WALKER WEST MUSIC ACADEMY #4491 | Saint Paul, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $25,000 |
| Community Integration Center | Willmar, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $23,133 |
| PARK SQUARE #3985 | Saint Paul, MN | 501(c)(3) | Equity Builder Forgiveness | $21,667 |
| THE GOOD ACRE #4471 | Falcon Heights, MN | 501(c)(3) | Recovery Capital Loan Forgiveness | $21,250 |
| Council on American-islamic Relations Minnesota | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $20,064 |
| Teatro Del Pueblo | Saint Paul, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $19,973 |
| Minnesota Ibpoc in Evaluation Community of Praxis | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship | $18,494 |
| Brownbody | Vadnais Heights, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $17,133 |
| Springboard for the Arts | Saint Paul, MN | 501(c)(3) | Seeding Cultural Treasures & Nonprofit Infrastructure Grant Programs | $15,651 |
| Northfield Splashpad | Northfield, MN | 501(c)(3) | Fiscal Sponsorship | $15,411 |
| LOVELY'S SEWING & ARTS COLLECTIVE | Minneapolis, MN | - | Nonprofit Infrastructure Grant Program | $15,387 |
| Loring Collective | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $15,314 |
| Hmong Museum of Minnesota | Saint Paul, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $14,631 |
| Manidoo Ogitigaan | Bemidji, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $14,161 |
| Association for Black Economic Power | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $14,123 |
| Cura Foundation | Maple Grove, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $13,953 |
| Sweet Potato Comfort Pie | Golden Valley, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $13,575 |
| Food for the People | Minneapolis, MN | - | Fiscal Sponsorship | $13,483 |
| HEART OF THE BEAST #3917 | Minneapolis, MN | 501(c)(3) | Equity Builder Forgiveness | $13,333 |
| Frogtown Green | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship | $13,095 |
| Community Partnership Collaborative 20 | Minneapolis, MN | - | Nonprofit Infrastructure Grant Program | $12,109 |
| Urban Bird Collective | Saint Paul, MN | 501(c)(3) | Fiscal Sponsorship | $11,673 |
| Solutions Not Suspensions Coalition | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $11,250 |
| Steller Kindness Project | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $10,359 |
| KA JOOG #3986 | Minneapolis, MN | 501(c)(3) | Equity Builder Forgiveness | $10,000 |
| ST PAUL NEIGHBORHOOD NETWORK #3987 | Saint Paul, MN | - | Equity Builder Forgiveness | $10,000 |
| THE CEDAR CULTURAL CENTER #3961 | Minneapolis, MN | 501(c)(3) | Equity Builder Forgiveness | $10,000 |
| TU DANCE #3992 | Saint Paul, MN | 501(c)(3) | Equity Builder Forgiveness | $10,000 |
| Center for Leadership and Neighborhood Engagement | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $9,914 |
| Sisters Need a Place | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $9,900 |
| Somali Youth and Family Development Center | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $8,535 |
| Northeast Sculpture Gallery Factory | Minneapolis, MN | 501(c)(3) | Seeding Cultural Treasures Program | $7,500 |
| Cultural Diversity Resources | Fargo, ND | 501(c)(3) | Nonprofit Infrastructure Grant Program | $7,376 |
| Mewinzha Ondaadiziike Wiigaming | Bemidji, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $7,169 |
| Leech Lake Financial Services | Cass Lake, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $7,063 |
| Zamya Theater Project | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $6,978 |
| Center for Coaching in Organizations | Arden Hills, MN | 501(c)(3) | Fiscal Sponsorship | $5,996 |
| Tusaalo | Minneapolis, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $5,884 |
| Storyark | Stillwater, MN | 501(c)(3) | Nonprofit Infrastructure Grant Program | $5,851 |
| Harambee Sports Club | Minneapolis, MN | 501(c)(3) | Fiscal Sponsorship | $5,782 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Loan Forgiveness | $896,250 |
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
- No
- 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
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11B
“The 990 is prepared by an independent accounting firm based on the audited financial statements. The 990 is reviewed by the finance committee and the president/ceo. The 990 is distributed to the board of directors before it is filed.”
Form 990, Part VI, Section B, Line 12C
“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 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 propel nonprofits board of directors is responsible for reviewing annually the performance and salary of the president & ceo. Based on the review, the committee determines compensation for the president & 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 & ceo's compensation. Last review was in 2021.”
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 600, MINNEAPOLIS, MN 55414
Signing Officer
- Name
- Kate Barr
- Title
- President
- Phone
- 6122496700
- Signed
- 2023-02-10
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Kate Barr
- Formed
- 1998
- Legal Domicile
- Mn
- Voting Board Members
- 15
- Independent Board Members
- 15
- Employees
- 37
- Volunteers
- 30
Preparer
- Firm
- Cliftonlarsonallen Llp
- Address
- 220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
- Preparer
- Deirdre Hodgson
- Phone
- 6123764500
Supplemental Narrative
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. 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.”
Raw XML AppendixShowing 400 of 1,435 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 942963 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1035101 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 172900 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 868136 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 1438 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 3015 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 13277 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 17730 |
| IRS990/AllOtherContributionsAmt | 0 | 9767110 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ELLIE O'BRIEN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6122496665 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 SE MAIN STREET 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 | 12861436 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 8093976 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 3898 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 152044 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 233914 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 389856 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 75 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 1886 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 7058 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 9019 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 12415603 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 4414679 |
| IRS990/CYInvestmentIncomeAmt | 0 | 20570 |
| IRS990/CYOtherExpensesAmt | 0 | 1555525 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2042057 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 5470719 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 3037307 |
| IRS990/CYTotalExpensesAmt | 0 | 9007511 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 221786 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 14478230 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 561750 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 416302 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 8060 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 33852 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 119289 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 161201 |
| IRS990/Desc | 0 | LENDING: AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. 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 MARKETS. LOANS ARE AS LARGE AS $1 MILLION AND AS SMALL AS $5,000. OVERALL, WE MADE 71 NEW LOANS IN FY2022 TOTALING $18,690,025. OUR LENDING IMPACTED ORGANIZATIONS WORKING IN HEALTH CARE, HUMAN SERVICES, ARTS AND HUMANITIES, CHARTER SCHOOLS, COMMUNITY DEVELOPMENT, AFFORDABLE HOUSING, AND OTHERS AS WELL. BY PARTNERING WITH OTHER CAPITAL PROVIDERS, WE ALSO LEVERAGED ADDITIONAL FUNDS OF $ 41.2 MILLION INTO THE COMMUNITY. PROPEL DEVELOPED A RECOVERY CAPITAL LOAN IN RESPONSE TO THE DISRUPTION IN OUR MARKET DUE TO COVID. THIS PRODUCT PROVIDES FINANCING AND CAPACITY BUILDING SUPPORT TO NONPROFITS THAT SERVE AND STRENGTHEN LOW INCOME PEOPLE, FAMILIES, AND MARGINALIZED MINORITY COMMUNITIES, AND REVITALIZES NEIGHBORHOODS THAT HAVE LACKED INVESTMENT AND ACCESS TO CAPITAL. THESE LOANS PROVIDE CRITICAL FLEXIBLE AND PATIENT WORKING CAPITAL LOANS FOR THOSE RECOVERING FROM THE IMPACTS OF COVID. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3431404 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 7965425 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 37 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 690659 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 581906 |
| IRS990/ExpenseAmt | 0 | 2268465 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 31526 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 31526 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 602 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 5442 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 11333 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 17377 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 20551 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 20551 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 12141 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 68312 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 219361 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 299814 |
| 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/HighestCompensatedEmployeeInd | 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 | 23413 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 31526 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 19382 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | SEAN KERSHAW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | SARAH CLYNE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DAVID MITCHELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | PAUL BABCOCK |
| 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 | PATTY PANNKUK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | GARY TAVERNA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | BO THAO-URABE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | DIANE TRAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | MARCUS OWENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | ELIZABETH TOPOLUK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | KATE BARR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | KEVEN AMBRUS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | GLYN NORTHINGTON |
| 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 | 176771 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 115364 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 103493 |
| 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 | SECRETARY |
| 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 | SENIOR PROGRAM DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1998 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GovernmentGrantsAmt | 0 | 2648493 |
| IRS990/GrantAmt | 0 | 977918 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 4414679 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 4414679 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 14478230 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 7728 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 29037 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 101614 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 138379 |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 1726 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 6551 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 20063 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 28340 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 519389 |
| IRS990/InterestGrp/TotalAmt | 0 | 519389 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 20570 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 20570 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 821034 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 823559 |
| IRS990/IRPDocumentCnt | 0 | 23 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 887401 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 667909 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 553835 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1441236 |
| 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 | 15753041 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 21226285 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 2525 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 12321637 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 13260860 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 12508 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 47477 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 145394 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 205379 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 1546 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 32400 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 36129 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 70075 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 21792 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 84694 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 235739 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 342225 |
| IRS990/OtherExpensesGrp/Desc | 0 | LENDING EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | FILING EXPENSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 7 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 97 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 31364 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 3547 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 31364 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 3651 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 896250 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 133746 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 492159 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1408125 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 2034030 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 23487319 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 27424647 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 9839 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 44630 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 115391 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 169860 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 6666 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 24512 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 70158 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 101336 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 977582 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 799217 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 103259 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 144636 |
| IRS990/PrincipalOfficerNm | 0 | KATE BARR |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522200 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522200 |
| 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 | 1376524 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 443030 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 123455 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 97500 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1376524 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 443030 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 123455 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 97500 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TRAINING, CAPACITY BUILDING, AND KNOWLEDGE SHARING: PROPEL NONPROFITS PROVIDES ONGOING TRAINING, AND TECHNICAL ASSISTANCE ON TOPICS RANGING FROM FINANCIAL MANAGEMENT, ACCOUNTING, GOVERNANCE, NONPROFIT BUSINESS MODELS, AND SOCIAL ENTERPRISE. IN FY22 PROPELS PROGRAM DELIVERY CONTINUED TO BE MOSTLY VIRTUAL AS A RESULT OF COVID-19. PROPEL PRESENTED A TOTAL OF 132 TRAININGS TO 5,993 PARTICIPANTS IN FY22 AND HELD 14 LEADERS CIRCLES AND 4 FINANCIAL LEADERSHIP COHORTS WITH A COMBINED TOTAL OF 141 PARTICIPANTS. FY22 WAS THE SECOND YEAR OF A 2-YEAR CAPACITY BUILDING INITIATIVE (CBI) FOR FAMILY ENGAGEMENT WITH 12 NONPROFIT AND/OR FISCALLY SPONSORED ORGANIZATIONS IN A PARTICIPANT-DRIVEN CAPACITY BUILDING MODEL TO EMPOWER FAMILIES IN K12 EDUCATIONAL SYSTEMS. PROPEL, WITH FUNDS APPROPRIATED BY THE MINNESOTA STATE LEGISLATURE THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED), LAUNCHED THE THIRD ROUND OF THE NONPROFIT INFRASTRUCTURE GRANT PROGRAM AIMED AT SUPPORTING THE MISSIONS OF 40 SMALL, CULTURALLY LED ORGANIZATIONS BY STRENGTHENING THEIR INFRASTRUCTURES. ALSO IN FY22, PROPEL DEVELOPED A NEW INITIATIVE, SEEDING CULTURAL TREASURES, DESIGNED TO NOURISH AND CULTIVATE THE LANDSCAPE OF EMERGING ARTS AND CULTURE ORGANIZATIONS RUN BY AND FOR BLACK, INDIGENOUS, AND OTHER PEOPLE OF COLOR. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 2659411 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 1662288 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 143596 |
| 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, 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. PROPEL NONPROFITS IN TURN GRANTS THESE FUNDS TO THE FISCALLY SPONSORED RECIPIENTS. PROPEL NONPROFITS ULTIMATELY RETAINS THE DISCRETION TO REDIRECT THE FUNDS TO ANOTHER ENTITY IF NEEDED TO SATISFY THE PURPOSE OF THE CONTRIBUTION AS DIRECTED BY ITS DONOR. ONCE THE FUNDS HAVE BEEN GRANTED TO THE FISCALLY SPONSORED CLIENT, THE CLIENT HAS THE OPTION TO HOLD AND MANAGE THESE FUNDS ON ITS OWN OR ENTER INTO AN ARRANGEMENT WITH PROPEL NONPROFITS IN WHICH PROPEL ADMINISTERS THE FUNDS ON BEHALF OF THE CLIENT. ALONG WITH THE FISCAL MANAGEMENT OPTION, PROPEL PROVIDES EXTENSIVE TECHNICAL ASSISTANCE ON TOPICS SUCH AS FINANCIAL LEADERSHIP, BOARD GOVERNANCE, NONPROFIT BUSINESS MODELS, AND STRATEGIC PLANNING. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 2002807 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 1774473 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 104266 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 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 NONPROFITS 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 IN 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 | 776721 |
| IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 318920 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 6246500 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 3194746 |
| IRS990/PYInvestmentIncomeAmt | 0 | 15487 |
| IRS990/PYOtherExpensesAmt | 0 | 1335596 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2082787 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 870461 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 2943971 |
| IRS990/PYTotalExpensesAmt | 0 | 7474313 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 8344774 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 5470719 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $49,559,623
- Liabilities
- $28,333,338
- Net assets
- $21,226,285
- Revenue
- $14,478,230
- Expenses
- $9,007,511
- Net income
- $5,470,719