Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Nonprofits Assistance Fund
990 • Fiscal year 2024 • EIN 41-1916337
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.67x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
42nd percentile
Higher top officer pay than 42% of similar nonprofits.
Top officer pay equals 2.6% of source-year revenue.
Asset Growth
72nd percentile
Faster asset growth than 72% of similar nonprofits.
Revenue Growth
19th percentile
Faster revenue growth than 19% of similar nonprofits.
Balance Sheet
Assets
Flat$49,931,879
Flat from 2024
Net Assets
Flat$16,673,520
Flat from 2024
Liabilities
Flat$33,258,359
Flat from 2024
Revenue And Expenses
Revenue
Flat$8,635,201
Flat from 2024
Expenses
Flat$10,188,716
Flat from 2024
Net Income
Flat-$1,553,515
Flat from 2024
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Apr 1, 2023 to Mar 31, 2024
- Signed
- Nov 27, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $8,635,201
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 | $29,256,025 | $33,434,884 | ▲ $4,178,859 |
| Savings and Temporary Cash Investments | $10,799,999 | $10,856,954 | ▲ $56,955 |
| Cash and Non-Interest-Bearing Accounts | $1,667,883 | $2,538,508 | ▲ $870,625 |
| Pledges and Grants Receivable | $603,875 | $1,158,956 | ▲ $555,081 |
| Accounts Receivable | $322,049 | $571,609 | ▲ $249,560 |
| Land, Buildings, and Equipment, Net | $496,154 | $393,445 | ▼ $102,709 |
| Prepaid Expenses and Deferred Charges | $107,130 | $139,435 | ▲ $32,305 |
| Total Assets | $44,298,816 | $49,931,879 | ▲ $5,633,063 |
| Other Assets Total | $1,045,701 | $838,088 | ▼ $207,613 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $22,333,445 | $25,369,798 | ▲ $3,036,353 |
| Deferred Revenue | $11,417 | $4,999,207 | ▲ $4,987,790 |
| Other Liabilities | $2,468,755 | $1,705,793 | ▼ $762,962 |
| Accounts Payable and Accrued Expenses | $651,875 | $840,326 | ▲ $188,451 |
| Escrow Account Liability | $606,289 | $343,235 | ▼ $263,054 |
| Total Liabilities | $26,071,781 | $33,258,359 | ▲ $7,186,578 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $13,184,466 | $14,121,716 | ▲ $937,250 |
| Net Assets With Donor Restrictions | $5,042,569 | $2,551,804 | ▼ $2,490,765 |
| Total Net Assets Fund Balance | $18,227,035 | $16,673,520 | ▼ $1,553,515 |
| Total Liabilities and Net Assets / Fund Balance | $44,298,816 | $49,931,879 | ▲ $5,633,063 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $237,834 | $390,524 | $628,358 |
| Equipment | $45,477 | $402,500 | $447,977 |
| Other Land Buildings | $110,134 | $5,504 | $115,638 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kate Barr | President and CEO | FT | $199,825 | $27,956 | $227,781 |
| ELLIE O'BRIEN | Vice President & CFO | FT | $123,554 | $30,338 | $153,892 |
| Garrett Backes | Chief Advancement Officer | FT | $108,280 | $27,084 | $135,364 |
| Mario Hernandez | Director of Strategic Services | FT | $107,255 | $13,815 | $121,070 |
| Jonathan Brown | Chief Program Officer | FT | $99,049 | $20,650 | $119,699 |
Board Members and Trustees
| Name | Title |
|---|---|
| Sarah Clyne | Chair |
| Sean Kershaw | Past Chair |
| Henry Jimenez | President |
| Scott Marquardt | Vice Chair |
| Brad Kruse | Director |
| Courtney Colby | Director |
| Gema Alvarado-guerrero | Director |
| Heidi Christianson | Director |
| Jean Adams | Director |
| Patty Pannkuk | Director |
| Sanjeev Shah | Director |
| Sony Malhotra | Director |
| Sook Jin Ong | Director |
| Tamara Lowney | Director |
| Thomas Adams | Director |
| Paul Babcock | Secretary |
| David Mitchell | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $5,360,624
- Program Service Revenue
- $2,759,548
- Investment Income
- $515,028
- Other Revenue
- $1
- All Other Contributions
- $3,120,964
- Change in Net Assets
- $-1,553,515
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $8,635,201
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $8,635,201
- Total Revenue per Form 990
- $8,635,201
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $3,957,470 |
| Salaries, Compensation, and Employee Benefits | $3,650,706 |
| Other Expenses | $2,580,540 |
| Total Fundraising Expense | $275,990 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $3,957,470 | - | - | $3,957,470 |
| Other Salaries and Wages | $1,796,075 | $407,222 | $25,535 | $2,228,832 |
| Fees for Services Other | $745,327 | $101,614 | $51,333 | $898,274 |
| Current Officers, Directors, Trustees, and Key Employees | $243,461 | $330,280 | $147,601 | $721,342 |
| Interest | $619,864 | - | - | $619,864 |
| Other Employee Benefits | $277,728 | $74,983 | $4,147 | $356,858 |
| Occupancy | $237,276 | $68,215 | $15,436 | $320,927 |
| Information Technology | $200,699 | $50,212 | $11,463 | $262,374 |
| Payroll Taxes | $163,523 | $56,579 | $12,130 | $232,232 |
| Pension Plan Contributions | $89,804 | $20,361 | $1,277 | $111,442 |
| Office Expenses | $42,005 | $52,864 | $1,855 | $96,724 |
| Conferences and Meetings | $20,637 | $31,601 | $3,440 | $55,678 |
| Fees for Services Accounting | - | $30,001 | - | $30,001 |
| Travel | $21,248 | $5,882 | $364 | $27,494 |
| Fees for Services Lobbying | - | $23,333 | - | $23,333 |
| Advertising | $20,393 | $156 | $1,409 | $21,958 |
| Fees for Services Legal | - | $13,964 | - | $13,964 |
| Other Expenses | $6,700 | $257 | - | $6,957 |
| Total Functional Expenses | $8,645,202 | $1,267,524 | $275,990 | $10,188,716 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $10,188,716 |
| Total Expenses per Audited Statements | $10,188,716 |
| Total Expenses per Form 990 | $10,188,716 |
| 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 | 501c3 | Fiscal Sponsorship | $521,308 |
| Nonprofit Financial Commons | Minneapolis, MN | 501c3 | Financial Commons | $339,403 |
| Racing Magpie - Waterers | Rapid City, SD | 501c3 | Seeding Cultural Treasures | $215,000 |
| Spark Education | St Paul, MN | - | Fiscal Sponsorship | $161,670 |
| Minnesotans for the American Community Survey | Edina, MN | 50c13 | Fiscal Sponsorship | $147,972 |
| Aanjichigeng | Duluth, MN | 501c3 | Fiscal Sponsorship, Seeding Cultural Treasures, Emerging Nonprofits | $105,125 |
| Manidoo Ogitigaan | Bemidji, MN | 501c3 | Nonprofit Infrastructure Grant Program, Seeding Cultural Treasures | $83,128 |
| Memorialize the Movement | Minneapolis, MN | 501c3 | Fiscal Sponsorship | $79,805 |
| Corner House | Minneapolis, MN | 501c3 | Recovery Capital Loan Program | $75,000 |
| Indigenous Roots | Saint Paul, MN | 501c3 | Recovery Capital Loan Program | $75,000 |
| Department of Public Transformation | Granite Falls, MN | 501c3 | Seeding Cultural Treasures | $70,000 |
| Duluth Art Institute | Duluth, MN | 501c3 | Seeding Cultural Treasures | $70,000 |
| In Black Ink | Saint Paul, MN | 501c3 | Seeding Cultural Treasures | $70,000 |
| Midwest Indigenous Immersion Network | Hayward, WI | 501c3 | Seeding Cultural Treasures | $70,000 |
| Road to Change the | Minneapolis, MN | 501c3 | Seeding Cultural Treasures | $70,000 |
| Sacred Bundle Inc | Cass Lake, MN | 501c3 | Seeding Cultural Treasures | $70,000 |
| Listen Up Youth Radio | Saint Paul, MN | 501c3 | Seeding Cultural Treasures | $65,000 |
| Good Trouble | Minneapolis, MN | 501c3 | Fiscal Sponsorship | $63,600 |
| Bear Paws Cultural Art | Hinckley, MN | 501c3 | Seeding Cultural Treasures | $50,000 |
| Blck Press Center for Broadcast Journalism | Saint Paul, MN | 501c3 | Seeding Cultural Treasures | $50,000 |
| Minnesota Seeds of Justice | Worthington, MN | 501c3 | Seeding Cultural Treasures | $50,000 |
| Neomuralismos De Mexico | Saint Paul, MN | 501c3 | Seeding Cultural Treasures | $50,000 |
| Rochester Area Foundation | Rochester, MN | 501c3 | Seeding Cultural Treasures | $50,000 |
| Victoria Theater Arts Center | Saint Paul, MN | - | Seeding Cultural Treasures | $50,000 |
| Market Entry Fund | St Paul, MN | 501c3 | Fiscal Sponsorship | $48,826 |
| Frogtown Green | St Paul, MN | 501c3 | Fiscal Sponsorship | $42,000 |
| Alliance of Early Childhood Professionals | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $40,392 |
| Exposed Brick Theatre | St Paul, MN | 501c3 | Seeding Cultural Treasures | $40,000 |
| Hmong Early Childhood Coalition | Woodbury, MN | 501c3 | Fiscal Sponsorship | $38,043 |
| Our Streets Minneapolis | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $37,777 |
| Saint Paul Neighborhood Network | St Paul, MN | 501c3 | Recovery Capital Loan Program | $37,500 |
| Urban League Twin Cities | Minneapolis, MN | - | Recovery Capital Loan Program | $37,500 |
| Minnesota Computers for Schools | Minneapolis, MN | 501c3 | Recovery Capital Loan Program | $32,500 |
| Springboard for the Arts | St Paul, MN | - | Nonprofit Infrastructure Grant Program, Seeding Cultural Treasures | $30,860 |
| Serpentina Arts | Minneapolis, MN | - | Seeding Cultural Treasures | $30,000 |
| Leech Lake Financial Services | Cass Lake, MN | 501c3 | Nonprofit Infrastructure Grant Program | $29,002 |
| Katha Dance Theatre | Crystal, MN | 501c3 | Nonprofit Infrastructure Grant Program, Seeding Cultural Treasures | $27,940 |
| Twin Cities Mussar | Minneapolis, MN | - | Fiscal Sponsorship | $27,522 |
| Somali American Farmers Association | Alexandria, MN | - | Fiscal Sponsorship | $26,000 |
| The Jk Movement | St Paul, MN | - | Recovery Capital Loan Program | $25,000 |
| New Roots Midwest | Moorhead, MN | 501c3 | Nonprofit Infrastructure Grant Program | $23,975 |
| IT'S OUR NEIGHBORHOOD INC | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $23,687 |
| Mn8 | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $23,047 |
| African American Registry | Minneapolis, MN | 501c3 | Seeding Cultural Treasures | $22,000 |
| Divine Konnections | Duluth, MN | 501c3 | Nonprofit Infrastructure Grant Program | $21,979 |
| Community Partnership Collaborative 20 | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $21,709 |
| Roots for the Home Team | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $21,168 |
| Metropolitan Consortium of Community Developers | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $19,891 |
| East Side Freedom Library | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $19,374 |
| Centre for Community Resources | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $19,036 |
| Minnesota Overdose Awareness | Spring Lake Park, MN | 501c3 | Fiscal Sponsorship | $18,304 |
| Basic Needs | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $17,739 |
| Dakhota Iapi Okhodakichiye | Osseo, MN | 501c3 | Nonprofit Infrastructure Grant Program | $16,737 |
| 826 Msp | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $16,465 |
| Sukoon Healing of the Minds | Blaine, MN | - | Nonprofit Infrastructure Grant Program | $15,025 |
| Journie Inc | Rochester, MN | 501c3 | Fiscal Sponsorship | $14,600 |
| Man Up Club the | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $14,546 |
| Iraqi and American Reconciliation Project | Minneapolis, MN | 501c3 | Seeding Cultural Treasures | $14,000 |
| Taikoarts Midwest | Minneapolis, MN | - | Nonprofit Infrastructure Grant Program | $14,000 |
| Karen Football Association | Maplewood, MN | 501c3 | Nonprofit Infrastructure Grant Program | $13,795 |
| Cura Foundation | Maple Grove, MN | 501c3 | Nonprofit Infrastructure Grant Program | $12,842 |
| New Arab American Theater Works | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $12,591 |
| Mewinzha Ondaadiziike Wiigaming | Bemidji, MN | 501c3 | Nonprofit Infrastructure Grant Program | $12,181 |
| Field of Dreams Empowerment Center | Lakeville, MN | 501c3 | Nonprofit Infrastructure Grant Program | $12,100 |
| BELIEVE IN WHAT'S POSSIBLE | Minneapolis, MN | 501c3 | Fiscal Sponsorship | $11,825 |
| LOVELY'S SEWING & ARTS COLLECTIVE | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $11,564 |
| We Resolve | Little Canada, MN | - | Nonprofit Infrastructure Grant Program | $11,311 |
| Organization of Liberians in Minnesota | Brooklyn Park, MN | 501c3 | Nonprofit Infrastructure Grant Program | $11,261 |
| Somali Museum of Minnesota | Minneapolis, MN | - | Nonprofit Infrastructure Grant Program | $11,129 |
| Global Shapers Minneapolis | Minneapolis, MN | 501c3 | Fiscal Sponsorship | $11,000 |
| Green Card Voices | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $11,000 |
| East Metro Civic Alliance | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $10,992 |
| Lived Experience Advocacy Network | Minneapolis, MN | 501c3 | Fiscal Sponsorship | $10,915 |
| Greater Minnesota Worker Center | Saint Cloud, MN | 501c3 | Nonprofit Infrastructure Grant Program | $10,692 |
| Phumulani Minnesota African Women Against Violence | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $10,646 |
| East African Integration Center | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $10,518 |
| Internal Housing Assistant | Saint Cloud, MN | 501c3 | Nonprofit Infrastructure Grant Program | $10,400 |
| Jugaad Leadership Program | Saint Cloud, MN | 501c3 | Nonprofit Infrastructure Grant Program | $10,203 |
| Oneminnesotaorg | Minneapolis, MN | 501c3 | Fiscal Sponsorship | $10,175 |
| Foster Advocates | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $10,000 |
| Food for the People | Minneapolis, MN | 501c3 | Fiscal Sponsorship | $9,794 |
| Reviving the Islamic Sisterhood for Empowerment | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $9,326 |
| Twin Cities Media Alliance | Minneapolis, MN | - | Nonprofit Infrastructure Grant Program | $9,057 |
| Ananya Dance Theater | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $9,040 |
| Alliance of Chicanos Hispanics and Latin Americans | Rochester, MN | 501c3 | Nonprofit Infrastructure Grant Program | $8,948 |
| Sweet Potato Comfort Pie | Golden Valley, MN | - | Nonprofit Infrastructure Grant Program | $8,750 |
| Onecommunity Alliance | Saint Cloud, MN | 501c3 | Nonprofit Infrastructure Grant Program | $8,078 |
| BLACK BUTTERFLY WOMEN'S SERVICES | Crystal, MN | 501c3 | Nonprofit Infrastructure Grant Program | $7,350 |
| Japan America Society of Minnesota | Minneapolis, MN | 501c3 | Nonprofit Infrastructure Grant Program | $7,101 |
| In Progress | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $5,978 |
| Loring Collective | Minneapolis, MN | 50c13 | Fiscal Sponsorship | $5,959 |
| East Side Neighborhood Development Company | Saint Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $5,448 |
| Minnesota Deaf Muslim Community (mdmc) | St Paul, MN | 501c3 | Nonprofit Infrastructure Grant Program | $5,035 |
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
- Yes
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Rou Lease Liability | $1,051,418 |
| Loan Forgiveness | $654,375 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 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
- Yes
- 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 A, Line 1A
“The executive committee shall be composed of the officers and any additional directors designated by the board of directors. The executive committee shall have the authority of the board of directors in the management of the business of this corporation in the interval between meetings of the board of directors. The executive committee shall at all times be subject to the control and direction of the board of directors.”
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 15
“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. The process described here was last completed in 2023.”
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
- Henry Jimenez
- Title
- President
- Phone
- 6122496700
- Signed
- 2024-11-27
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Henry Jimenez
- Formed
- 1998
- Legal Domicile
- Mn
- Voting Board Members
- 16
- Independent Board Members
- 16
- Employees
- 39
- Volunteers
- 28
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 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 is also exempt from state income taxes. Propel evaluated its tax positions and determined that it has no uncertain tax positions.”
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 651875 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 840326 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 322049 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 571609 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 1409 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 156 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 20393 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 21958 |
| IRS990/AllOtherContributionsAmt | 0 | 3120964 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ELLIE O'BRIEN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6122496665 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 SE MAIN STREET STE 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 | 1667883 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2538508 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
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| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 330280 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 243461 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 721342 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 3440 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 31601 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 20637 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 55678 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 5360624 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 3957470 |
| IRS990/CYInvestmentIncomeAmt | 0 | 515028 |
| IRS990/CYOtherExpensesAmt | 0 | 2580540 |
| IRS990/CYOtherRevenueAmt | 0 | 1 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2759548 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1553515 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 3650706 |
| IRS990/CYTotalExpensesAmt | 0 | 10188716 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 275990 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 8635201 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 11417 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 4999207 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | CAPACITY BUILDING INITIATIVES:PROPEL NONPROFITS INTERMEDIARY CAPACITY BUILDING INITIATIVES AIM TO PROVIDE FUNDING AND RELEVANT INFRASTRUCTURE TO SUPPORT MINNESOTA NONPROFITS. IN FY24, THERE WERE FOUR ACTIVE INITIATIVES: SEEDING CULTURAL TREASURES, NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP), CBI TARGET, AND ROOTED TO LAST.IN FY24, PROPEL AWARDED $3.2 MILLION TO 56 CULTURALLY LED NONPROFIT ORGANIZATIONS FOR INFRASTRUCTURE FUNDING THROUGH NIGP. THE 2023 - 2025 ROUND OF NIGP FUNDING IS MADE POSSIBLE THROUGH A $4 MILLION APPROPRIATION COMING THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED)ALSO IN FY24, PROPEL CONTINUED WORK ON THE SEEDING CULTURAL TREASURES INITIATIVE 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/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 5042569 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2551804 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 39 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 606289 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 343235 |
| IRS990/ExpenseAmt | 0 | 3162035 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 30001 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 30001 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 13964 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 13964 |
| IRS990/FeesForServicesLobbyingGrp/ManagementAndGeneralAmt | 0 | 23333 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 23333 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 51333 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 101614 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 745327 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 898274 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 3.00 |
| 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 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 17 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 18 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 19 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 20 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 21 | 2.00 |
| 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/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 27956 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 30338 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 27084 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 13815 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 20650 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | KATE BARR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ELLIE O'BRIEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | GARRETT BACKES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARIO HERNANDEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JONATHAN BROWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | HENRY JIMENEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | SARAH CLYNE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | SCOTT MARQUARDT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SEAN KERSHAW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DAVID MITCHELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | PAUL BABCOCK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JEAN ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | THOMAS ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | GEMA ALVARADO-GUERRERO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | HEIDI CHRISTIANSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | COURTNEY COLBY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | BRAD KRUSE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | TAMARA LOWNEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | SONY MALHOTRA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | PATTY PANNKUK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | SOOK JIN ONG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | SANJEEV SHAH |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 199825 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 123554 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 108280 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 107255 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 99049 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| 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/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT AND CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT & CFO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | CHIEF ADVANCEMENT OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR OF STRATEGIC SERVICES |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHIEF PROGRAM OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | PAST CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | 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 | 16 |
| IRS990/GovernmentGrantsAmt | 0 | 2239660 |
| IRS990/GrantAmt | 0 | 2021974 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 3957470 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 3957470 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 8635201 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 16 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 4 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/FundraisingAmt | 0 | 11463 |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 50212 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 200699 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 262374 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 619864 |
| IRS990/InterestGrp/TotalAmt | 0 | 619864 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 515028 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 515028 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 51 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 798528 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 496154 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 393445 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1191973 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 1 |
| 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/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 1 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 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 | 18227035 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 16673520 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 13184466 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 14121716 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 15436 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 68215 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 237276 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 320927 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 1855 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 52864 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 42005 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 96724 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1045701 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 838088 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 4147 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 74983 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 277728 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 356858 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LLR |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER FILING AND FEE EX |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 257 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 202992 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 6700 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 202992 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 6957 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 2468755 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1705793 |
| IRS990/OtherRevenueTotalAmt | 0 | 1 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 25535 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 407222 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1796075 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 2228832 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 29256025 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 33434884 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 12130 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 56579 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 163523 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 232232 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 1277 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 20361 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 89804 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 111442 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 603875 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 1158956 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 107130 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 139435 |
| IRS990/PrincipalOfficerNm | 0 | HENRY JIMENEZ |
| 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 | 1716491 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 826567 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 133051 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 83439 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1716491 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 826567 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 133051 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 83439 |
| IRS990/ProgSrvcAccomActy2Grp/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 FY2024 TOTALING $15,835,184. OUR LENDING IMPACTED NONPROFIT ORGANIZATIONS WORKING IN HEALTH CARE, HUMAN SERVICES, ARTS AND HUMANITIES, CHARTER SCHOOLS, COMMUNITY DEVELOPMENT, AFFORDABLE HOUSING, AND MORE. BY PARTNERING WITH OTHER CAPITAL PROVIDERS, WE ALSO LEVERAGED ADDITIONAL FUNDS OF $17.1 MILLION INTO THE COMMUNITY. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 1912784 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 282500 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 1832630 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | FISCAL SPONSORSHIP:PROPEL NONPROFITS FISCAL SPONSORSHIP PROGRAM SUPPORTS EMERGING NONPROFIT ORGANIZATIONS AND PROJECTS THAT ADVANCE CHARITABLE CAUSES AND UPLIFT THEIR COMMUNITIES. WE PROVIDE RESOURCES, CONSULTING, TECHNICAL ASSISTANCE, AND THE ABILITY TO ACCEPT DONATIONS TO OUR FISCALLY SPONSORED PARTNERS, ESPECIALLY THOSE FROM HISTORICALLY EXCLUDED GROUPS.-53 FISCALLY SPONSORED PROJECTS IN FY24-$1,499,695 RAISED BY/FOR CLIENTS IN FY24-72% BIPOC-LED-11% GREATER MINNESOTA |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 1633631 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 1313593 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 112193 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | TRAINING, GUIDANCE, 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 FY24 PROPEL PRESENTED A TOTAL OF 107 TRAININGS TO 4,029 PARTICIPANTS:-40 GOVERNANCE TRAININGS-54 FINANCES TRAININGS-4 COMBINED TRAININGS-9 CUSTOM TRAININGSIN FY24 THERE WERE 71 LEADERS CIRCLES PARTICIPANTS; 70 BOARD CONNECTOR LISTINGS AND 94 BOARD MEMBER CONNECTIONS MADE. |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 1 | STRATEGIC SERVICES AND ACCOUNTING/FINANCE SERVICES |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 912822 |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 1 | 1023930 |
| IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt | 0 | 339403 |
| IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt | 1 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 162776 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 1 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 6939034 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $49,931,879
- Liabilities
- $33,258,359
- Net assets
- $16,673,520
- Revenue
- $8,635,201
- Expenses
- $10,188,716
- Net income
- -$1,553,515