2023-09-19T08:59:04-05:00 2023-03-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-04-01 411916337 PROPEL NONPROFITS PROP 6122496700 1 SE MAIN STREET 600 MINNEAPOLIS MN 55414 KATE BARR PRESIDENT 6122496700 2023-09-18 1 KATE BARR 999009999 1 DEIRDRE HODGSON P01484710 6123764500 2023-09-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATE BARR 1 SE MAIN STREET 600 MINNEAPOLIS MN 55414 9328353 0 X WWW.PROPELNONPROFITS.ORG X 1998 MN TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. 16 16 37 28 0 0 12415603 6939034 2042057 2241607 20570 147712 0 0 14478230 9328353 4414679 6346329 0 0 3037309 3235748 0 0 276295 1555523 2748957 9007511 12331034 5470719 -3002681 49559620 44298816 28333335 26071781 21226285 18227035 X 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. 0 0 5567397 3736400 124550 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 FY23 PROPEL'S PROGRAM DELIVERY CONTINUED TO BE MOSTLY VIRTUAL AS A RESULT OF COVID-19. PROPEL PRESENTED A TOTAL OF 101 TRAININGS TO 3,999 PARTICIPANTS IN FY23 AND HELD 14 LEADERS CIRCLES, 2 FINANCIAL LEADERSHIP COHORTS AND A SOCIAL ENTERPRISE ACCELERATOR COHORT WITH A COMBINED TOTAL OF 120 PARTICIPANTS. PROPEL, WITH FUNDS APPROPRIATED BY THE MINNESOTA STATE LEGISLATURE THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED), ADMINISTERED 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 FY23, PROPEL CONTINUED WORK ON 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. 2200968 1916179 116722 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. 2149308 693750 1631389 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 69 NEW LOANS IN FY2023 TOTALING $13,893,010. 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 $ 75.9 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. 923271 368946 STRATEGIC SERVICES AND ACCOUNTING AND FINANCE CONSULTING: PROPEL NONPROFITS PROVIDES A WIDE RANGE OF INTEGRATED PROGRAMS AND SERVICES FOR NONPROFIT ORGANIZATIONS. PROPEL NONPROFITS IS A MUTUAL PARTNER THAT ASSISTS NONPROFITS IN ALIGNING THEIR VISION, GETTING THE NONPROFIT'S BOARDS AND LEADERSHIP TEAMS ON THE SAME PAGE, PROVIDING TOOLS FOR BETTER ORGANIZATIONAL COMMUNICATION, AND HELPING TO EQUIP NONPROFITS WITH THE TOOLS TO BE MORE EFFECTIVE 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. 923271 368946 10840944 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 65 0 37 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X ELLIE O'BRIEN 6122496665 1 SE MAIN ST STE 600 MINNEAPOLIS MN 55414 SARAH CLYNE CHAIR 3.00 X X 0 0 0 SEAN KERSHAW PAST CHAIR 4.00 X X 0 0 0 DAVID MITCHELL TREASURER 3.00 X X 0 0 0 PAUL BABCOCK SECRETARY 3.00 X X 0 0 0 JEAN ADAMS BOARD MEMBER 2.00 X 0 0 0 THOMAS ADAMS BOARD MEMBER 2.00 X 0 0 0 GEMA ALVARADO-GUERRERO BOARD MEMBER 2.00 X 0 0 0 HEIDI CHRISTIANSON BOARD MEMBER 2.00 X 0 0 0 COURTNEY COLBY BOARD MEMBER 2.00 X 0 0 0 BRAD KRUSE BOARD MEMBER 2.00 X 0 0 0 TAMARA LOWNEY BOARD MEMBER 2.00 X 0 0 0 SCOTT MARQUARDT BOARD MEMBER 2.00 X 0 0 0 SONY MALHOTRA BOARD MEMBER 2.00 X 0 0 0 PATTY PANNKUK BOARD MEMBER 2.00 X 0 0 0 GARY TAVERNA LEFT 22022 BOARD MEMBER 2.00 X 0 0 0 BO THAO-URABE LEFT 52022 BOARD MEMBER 2.00 X 0 0 0 DIANE TRAN BOARD MEMBER 2.00 X 0 0 0 MARCUS OWENS BOARD MEMBER (LEFT 02/2022) 2.00 X 0 0 0 ELIZABETH TOPOLUK BOARD MEMBER 2.00 X 0 0 0 KEVEN AMBRUS LEFT 32022 VICE PRESIDENT OF FINANCE AND CFO 40.00 X 46077 0 10905 KATE BARR PRESIDENT AND CEO 40.00 X 194346 0 26045 ELLIE O'BRIEN VICE PRESIDENT & CFO 40.00 X 73661 0 18360 GLYN NORTHINGTON SENIOR PROGRAM DIRECTOR 40.00 X 110196 0 21296 MARIO HERNANDEZ DIRECTOR OF STRATEGIC SERVICES 40.00 X 102668 0 14672 526948 0 91278 3 0 1 0 0 1845825 5093209 6939034 LOAN INTEREST REVENUE 522200 1486310 1486310 CLIENT FEE AND CONTRAC 541900 571556 571556 WORKSHOP AND TRAINING 522200 113662 113662 LOAN FEE REVENUE 522200 68677 68677 1402 1402 2241607 147712 147712 9328353 2241607 0 147712 6346329 6346329 348317 208991 135844 3482 2198073 1571066 476558 150449 109902 78552 23827 7523 376574 266995 84904 24675 202882 142191 48240 12451 74473 57230 15257 1986 18374 14120 3764 490 60064 46157 12305 1602 1084437 833345 222170 28922 20148 16498 2006 1644 76931 55606 16634 4691 196026 148627 36872 10527 243996 176358 52757 14881 10608 8747 47 1814 28757 20828 5180 2749 549041 549041 167483 90435 70526 6522 30936 22360 6689 1887 LENDING EXPENSES 175000 175000 UNCOLLECTIBLE ACCOUNTS 10000 10000 OTHER FILING FEE EXPENS 2283 2068 215 OTHER OPERATING EXPENSE 400 400 12331034 10840944 1213795 276295 8093973 1667883 10851617 10799999 799217 603875 868136 322049 27424647 29256025 144636 107130 2423422 881567 553835 1541855 823559 0 49559620 44298816 1035023 706091 1312552 1153292 581906 606289 25403854 22333445 0 1272664 28333335 26071781 X 13260860 13184466 7965425 5042569 21226285 18227035 49559620 44298816 -3002681 3431 0 X 0 1 X 1 1 1 X 5598397 5703358 6246500 12415603 6939034 36902892 5598397 5703358 6246500 12415603 6939034 36902892 9584850 27318042 25344 80433 15487 20570 147712 289546 37192438 11461946 0.73450 0.72650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 628358 326609 301749 537393 347989 189404 1257671 206969 1050702 1541855 LEASE LIABILITY 1272664 1272664 X 9331784 3431 3431 9328353 0 9328353 12331034 0 12331034 0 12331034 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. 1 180 DEGREES 236 CLIFTON AVENUE SOUTH MINNEAPOLIS MN 554033466 237153536 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS 30000 FEET 2355 MN-36 ROSEVILLE MN 55113 473224688 501(C)(3) 12500 0 FAMILY ENGAGEMENT PROGRAM 360 IMPACT 218 7TH ST E SAINT PAUL MN 551012366 862543829 45000 0 FISCAL SPONSORSHIP ADVANCING EQUITY COALITION 2929 CHICAGO AVE SUITE 100 MINNEAPOLIS MN 554071469 862864955 501(C)(3) 12500 0 FAMILY ENGAGEMENT PROGRAM AFRICAN AMERICAN REGISTRY PO BOX 19441 MINNEAPOLIS MN 55419 010787894 501(C)(3) 22000 0 SEEDING CULTURAL TREASURERS ALONGSIDE NETWORK 4817 ELLIOT AVE MINNEAPOLIS MN 554171137 871703441 501(C)(3) 6601 0 FISCAL SPONSORSHIP AMERICAN INDIAN FAMILY CENTER 579 WELLS ST SAINT PAUL MN 551304134 411841352 501(C)(3) 12500 0 FAMILY ENGAGEMENT PROGRAM ANANYA DANCE THEATER P O BOX 2427 MINNEAPOLIS MN 55116 204261878 501(C)(3) 36531 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM ARCATA PRESS 275 E FOURTH STREET SUITE 701 SAINT PAUL MN 551011895 651264407 501(C)(3) 70000 0 SEEDING CULTURAL TREASURERS AYADA LEADS 701 3RD ST N STE 105 MINNEAPOLIS MN 554011155 474294816 501(C)(3) 19375 0 FAMILY ENGAGEMENT PROGRAM BOIS FORTE RESERVATION TRIBAL COUNCIL 5344 LAKE SHORE DRIVE NETT LAKE MN 55772 410954784 70000 0 SEEDING CULTURAL TREASURERS BRIDGEMAKERS C/O IMPACTHUB SUITE 200 825 WASHINGTON AVE SE MINNEAPOLIS MN 55414 854214217 632701 0 FISCAL SPONSORSHIP BROWNBODY 434 VADNAIS LAKE DRIVE VADNAIS HEIGHTS MN 55127 462759548 501(C)(3) 28341 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM CENTER FOR LEADERSHIP AND NEIGHBORHOOD ENGAGEMENT 4150 DUPONT AVE N MINNEAPOLIS MN 554121615 851027484 501(C)(3) 34113 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM CENTRE FOR COMMUNITY RESOURCES 2104 PARK AVE STE 4 MINNEAPOLIS MN 554046607 863445561 501(C)(3) 25964 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM CHINESE COMMUNITY CENTER 140 W 98TH ST BLOOMINGTON MN 554204865 862765957 501(C)(3) 63000 0 SEEDING CULTURAL TREASURERS COALITION OF ASIAN AMERICAN LEADERS 941 LAFOND AVE STE 205 SAINT PAUL MN 551042110 810874603 501(C)(3) 15000 0 FAMILY ENGAGEMENT PROGRAM COMMUNITY INTEGRATION CENTER 201 5TH ST SW WILLMAR MN 562013211 822096014 501(C)(3) 22687 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM COMMUNITY PARTNERSHIP COLLABORATIVE 20 3210 OLIVER AVE N MINNEAPOLIS MN 554122316 820652224 501(C)(3) 28602 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM COMMUSICATION 868 SHERBURNE AVE ST PAUL MN 55104 464299159 501(C)(3) 49000 0 SEEDING CULTURAL TREASURERS CULTURAL DIVERSITY RESOURCES 112 UNIVERSITY DR N STE 306 FARGO ND 581024661 411896836 501(C)(3) 20261 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM CURA FOUNDATION 13350 TIMBER CREST DR MAPLE GROVE MN 553113332 854263441 501(C)(3) 17700 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM DAKHOTA IAPI OKHODAKICHIYE PO BOX 548 OSSEO MN 553690548 463946313 501(C)(3) 94614 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM EAST METRO CIVIC ALLIANCE 1505 BURNS AVE SAINT PAUL MN 551066603 050631017 501(C)(3) 34008 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM EAST SIDE FREEDOM LIBRARY 1105 GREENBRIAR STREET SAINT PAUL MN 55106 463794535 501(C)(3) 20000 0 SEEDING CULTURAL TREASURERS EL COLEGIO CHARTER SCHOOL 4137 BLOOMINGTON AVENUE MINNEAPOLIS MN 55407 411953998 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS EXPOSED BRICK THEATRE 586 EUSTIS STREET ST PAUL MN 551044922 201944288 501(C)(3) 20000 0 SEEDING CULTURAL TREASURERS FAMILY VALUES FOR LIFE 1280 ARCADE ST SAINT PAUL MN 551062067 412006889 501(C)(3) 12500 0 FAMILY ENGAGEMENT PROGRAM FIELD OF DREAMS EMPOWERMENT CENTER 16141 HOMINY CT LAKEVILLE MN 550444448 475018702 501(C)(3) 36300 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM FIRST PEOPLES FUND 706 WEST BROADWAY RAPID CITY SD 57701 820583682 501(C)(3) 500000 0 SEEDING CULTURAL TREASURERS FOOD FOR THE PEOPLE 3441 ALDRICH AVE S APT 2 MINNEAPOLIS MN 554084143 874645309 13185 0 FISCAL SPONSORSHIP FOSTER ADVOCATES 2233 UNIVERSITY AVE W STE 235 SAINT PAUL MN 551141629 825411160 501(C)(3) 35000 0 RECOVERY CAPITAL LOAN FORGIVENESS FROGTOWN GREEN 843 VAN BUREN AVE SAINT PAUL MN 551041665 710969337 22080 0 FISCAL SPONSORSHIP GLOBAL SHAPERS MINNEAPOLIS HUB 3100 LONGFELLOW AVE MINNEAPOLIS MN 554073809 296076152 11375 0 FISCAL SPONSORSHIP GREATER METROPOLITAN HOUSING CORPORATION 15 SOUTH 5TH STREET MINNEAPOLIS MN 554021058 410968007 501(C)(3) 12500 0 RECOVERY CAPITAL LOAN FORGIVENESS GREATER MINNEAPOLIS COUNCIL OF CHURCHES 1100 EAST LAKE STREET MINNEAPOLIS MN 554071619 410693933 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS GREEN CARD VOICES 2611 1ST AVE S MINNEAPOLIS MN 55419 463753490 501(C)(3) 70000 0 SEEDING CULTURAL TREASURERS HMONG EARLY CHILDHOOD COALITION 724 BIELENBERG DR 6 WOODBURY MN 551252620 831217023 501(C)(3) 97220 0 FISCAL SPONSORSHIP HURSTON INSTITUTE FOR LEARNING AND DEVELOPMENT 635 9TH STREET SE SUITE 100 MINNEAPOLIS MN 554147587 842115578 501(C)(3) 43416 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM IN PROGRESS 213 FRONT AVE SAINT PAUL MN 551175324 411603279 501(C)(3) 40043 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM INDIAN MUSIC SOCIETY OF MINNESOTA PO BOX 581846 MINNEAPOLIS MN 554581846 411385526 501(C)(3) 70000 0 SEEDING CULTURAL TREASURERS INDIGENOUS ROOTS 788 7TH ST E SAINT PAUL MN 551065015 474492457 501(C)(3) 99286 0 SEEDING CULTURAL TREASURES & NONPROFIT INFRASTRUCTURE GRANT PROGRAMS IRAQI AND AMERICAN RECONCILIATION PROJECT 2021 E HENNEPIN AVE SUITE 200 MINNEAPOLIS MN 55413 260545027 501(C)(3) 14000 0 SEEDING CULTURAL TREASURERS JOBS FOUNDATION 825 BOONE AVENUE NORTH SUITE 100 GOLDEN VALLEY MN 554274593 272295466 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS JUGAAD LEADERSHIP PROGRAM 22 WILSON AVE NE STE 209 SAINT CLOUD MN 563040440 844144267 501(C)(3) 10213 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM KATHA DANCE THEATRE 5444 ORCHARD LANE NORTH CRYSTAL MN 55439 363557119 501(C)(3) 67367 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM LATINOLEAD INC 797 7TH ST E STE 151 SAINT PAUL MN 551065070 832767239 501(C)(3) 45000 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM LEECH LAKE FINANCIAL SERVICES 113 SPRUCE AVENUE NORTHEAST CASS LAKE MN 56633 462579700 501(C)(3) 8935 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM LORING COLLECTIVE 1516 W LAKE ST STE 105 MINNEAPOLIS MN 554086600 844233302 5245 0 FISCAL SPONSORSHIP LOVELY'S SEWING & ARTS COLLECTIVE 121 WASHINGTON AVE N MINNEAPOLIS MN 554012503 475656989 501(C)(3) 13049 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM MANIDOO OGITIGAAN 102 1ST ST W STE 110 BEMIDJI MN 566014695 824771865 501(C)(3) 35392 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM MARKET ENTRY FUND 1136 GRAND AVE STE 300 SAINT PAUL MN 551052628 834587871 501(C)(3) 260480 0 FISCAL SPONSORSHIP MEMORIALIZE THE MOVEMENT 1 SE MAIN ST STE 600 MINNEAPOLIS MN 554141036 863217004 84143 0 FISCAL SPONSORSHIP METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS 3137 CHICAGO AVE S MINNEAPOLIS MN 55407 411658654 501(C)(3) 25109 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM MEWINZHA ONDAADIZIIKE WIIGAMING 802 PAUL BUNYAN DR S STE 13 BEMIDJI MN 566013204 462523191 501(C)(3) 29169 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM MIGIZI COMMUNICATIONS 2610 E 32ND STREET MINNEAPOLIS MN 55407 411379114 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS MINNESOTA AFRICAN AMERICAN HERITAGE MUSEUM AND GALLERY 1256 PENN AVE N MINNEAPOLIS MN 554112617 825182136 501(C)(3) 70000 0 SEEDING CULTURAL TREASURERS MINNESOTA AUTISTIC ALLIANCE 1056 WINSLOW AVE SAINT PAUL MN 551181344 861998598 501(C)(3) 42307 0 FISCAL SPONSORSHIP MINNESOTA EDUCATION EQUITY PARTNERSHIP 2233 UNIVERSITY AVE W STE 220 SAINT PAUL MN 551141698 411699505 501(C)(3) 19375 0 FAMILY ENGAGEMENT PROGRAM MINNESOTA PARENT UNION 2288 UNIVERSITY AVE W SAINT PAUL MN 551149938 844704645 501(C)(3) 19375 0 FAMILY ENGAGEMENT PROGRAM MINNESOTA SHUBERT CENTER DBA THE COWLES CENTER 528 HENNEPIN AVE MINNEAPOLIS MN 55403 271173436 501(C)(3) 70000 0 SEEDING CULTURAL TREASURERS MORNING GLORY MONTESSORI 1718 EDGEWATER BLVD MINNEAPOLIS MN 554172649 863072479 501(C)(3) 41718 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM NCXT LLC 5800 BRYANT AVE S MINNEAPOLIS MN 554192102 831290008 75000 0 FISCAL SPONSORSHIP NEW NATIVE THEATRE PO 40118 SAINT PAUL MN 55104 273901099 501(C)(3) 106000 0 FISCAL SPONSORSHIP - TWIN CITIES THEATERS OF COLOR COALITION NORTHEAST SCULPTURE GALLERY FACTORY 1720 NE MADISON ST 14 MINNEAPOLIS MN 55413 832858954 501(C)(3) 15000 0 SEEDING CULTURAL TREASURES PROGRAM NORTHFIELD SPLASHPAD 2651 OAK LAWN DR NORTHFIELD MN 550573443 844401107 5475 0 FISCAL SPONSORSHIP ONEMINNESOTAORG 2112 RUSSELL AVE NORTH MINNEAPOLIS MN 554112440 812392014 73414 0 FISCAL SPONSORSHIP ORGANIZATION OF LIBERIANS IN MINNESOTA 7001 78TH AVE N SUITE 200 BROOKLYN PARK MN 554452745 411764368 501(C)(3) 40029 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM PANGEA WORLD THEATRE 711 WEST LAKE STREET SUITE 101 MINNEAPOLIS MN 55408 411854164 501(C)(3) 36000 0 FISCAL SPONSORSHIP - TWIN CITIES THEATERS OF COLOR COALITION PARK PLACE 3632 PARK AVE MINNEAPOLIS MN 554072560 862672195 501(C)(3) 18980 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM PENUMBRA THEATRE COMPANY 270 KENT ST SAINT PAUL MN 551021744 411563764 501(C)(3) 56000 0 FISCAL SPONSORSHIP - TWIN CITIES THEATERS OF COLOR COALITION PHUMULANI MINNESOTA AFRICAN WOMEN AGAINST VIOLENCE 121 WASHINGTON AVENUE NORTH 4TH FLOOR MINNEAPOLIS MN 554012503 813885346 501(C)(3) 45838 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM PHYLLIS WHEATLEY COMMUNITY CENTER 1301 - 10TH AVE NORTH SUITE 1 MINNEAPOLIS MN 554114406 410706132 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS PROPEL NONPROFITS 1 SE MAIN ST STE 600 MINNEAPOLIS MN 55414 411916337 501(C)(3) 85825 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM (FS FOR BRIDGEMAKERS AND MEF) PUBLIC FUNCTIONARY 1803 FILLMORE STREET NE MINNEAPOLIS MN 55418 460966610 501(C)(3) 70000 0 SEEDING CULTURAL TREASURERS RACING MAGPIE - WATERERS 801 EAST SAINT ANDREW ST RAPID CITY SD 57701 834658072 501(C)(3) 300000 0 SEEDING CULTURAL TREASURERS REVIVING THE ISLAMIC SISTERHOOD FOR EMPOWERMENT 1007 W BROADWAY AVE MINNEAPOLIS MN 554112503 811236990 501(C)(3) 19472 0 SEEDING CULTURAL TREASURES & NONPROFIT INFRASTRUCTURE GRANT PROGRAMS ROSY SIMAS DANSE 1500 JACKSON STREET NE STUDIO 331 MINNEAPOLIS MN 55413 812281254 501(C)(3) 60000 0 SEEDING CULTURAL TREASURERS SHARING OUR ROOTS 4509 315TH STREET W NORTHFIELD MN 55057 201788275 501(C)(3) 25000 0 RECOVERY CAPITAL LOAN FORGIVENESS SISTERS NEED A PLACE PO BOX 11358 MINNEAPOLIS MN 554110358 571188655 501(C)(3) 22002 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM SOLUTIONS NOT SUSPENSIONS COALITION 1611 PARK AVE MINNEAPOLIS MN 554043793 832238254 52292 0 FISCAL SPONSORSHIP SOMALI AMERICAN FARMERS ASSOCIATION 84 WABASHA ST S APT 238 SAINT PAUL MN 551071850 850540699 501(C)(3) 21372 0 FISCAL SPONSORSHIP SOMALI AMERICAN PARENT ASSOCIATION 1821 UNIVERSITY AVE ST PAUL MN 55104 263120451 501(C)(3) 12500 0 FAMILY ENGAGEMENT PROGRAM SOMALI ARTIFACT AND CULTURAL MUSEUM 1516 E LAKE ST STE 11 MINNEAPOLIS MN 554072356 462821976 501(C)(3) 23871 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM SOMALI SUCCESS SCHOOL 2812 E 26TH ST MINNEAPOLIS MN 554061303 203021208 501(C)(3) 12500 0 FAMILY ENGAGEMENT PROGRAM SOMALI YOUTH AND FAMILY DEVELOPMENT CENTER 2400 PARK AVE MINNEAPOLIS MN 554043713 264646941 501(C)(3) 39985 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM SOO VISUAL ARTS CENTER 2909 BRYANT AVE S 101 MINNEAPOLIS MN 55408 411944443 501(C)(3) 6250 0 RECOVERY CAPITAL LOAN FORGIVENESS SOOMAAL HOUSE OF ART 2200 MINNEHAHA AVE SUITE 200 MINNEAPOLIS MN 55404 863541799 501(C)(3) 70000 0 SEEDING CULTURAL TREASURERS SPARK EDUCATION PO BOX 4232 SAINT PAUL MN 551040232 884330468 136836 0 FISCAL SPONSORSHIP SPRINGBOARD FOR THE ARTS 308 PRINCE ST STE 270 SAINT PAUL MN 551011437 411690483 501(C)(3) 434423 0 SEEDING CULTURAL TREASURES & NONPROFIT INFRASTRUCTURE GRANT PROGRAMS ST CROIX THERAPY INC 742 STERBENZ DRIVE HUDSON WI 540168327 391584408 501(C)(3) 50000 0 RECOVERY CAPITAL LOAN FORGIVENESS STELLER KINDNESS PROJECT 945 BROADWAY ST NE MINNEAPOLIS MN 554131471 842681106 9755 0 FISCAL SPONSORSHIP STORYARK 640 MAIN ST N APT 34 STILLWATER MN 550823931 813780329 501(C)(3) 40468 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM SWEET POTATO COMFORT PIE 8014 HIGHWAY 55 464 GOLDEN VALLEY MN 554274712 844657505 501(C)(3) 28283 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM TAIKOARTS MIDWEST 3949 13TH AVE S MINNEAPOLIS MN 554072735 812475404 501(C)(3) 40000 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM TEATRO DEL PUEBLO 209 PAGE ST W SAINT PAUL MN 551073457 411739320 501(C)(3) 36000 0 FISCAL SPONSORSHIP - TWIN CITIES THEATERS OF COLOR COALITION THE TRANSPARENT ALLIANCE 6873 ODELL AVE S HASTINGS MN 550339189 873819041 33620 0 FISCAL SPONSORSHIP THEATER MU INC 755 PRIOR AVE N STE 107 SAINT PAUL MN 551041069 411727881 501(C)(3) 36000 0 FISCAL SPONSORSHIP - TWIN CITIES THEATERS OF COLOR COALITION TRANSMISSION MINISTRY COLLECTIVE 310 4TH AVE S SUITE 5010 PMB 94587 MINNEAPOLIS MN 55415 364978331 501(C)(3) 32800 0 FISCAL SPONSORSHIP TURNING POINT 1500 GOLDEN VALLEY RD MINNEAPOLIS MN 554113139 510164092 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS TUSAALO 2817 ANTHONY LN S STE 105 MINNEAPOLIS MN 554182489 844923561 501(C)(3) 39116 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM TWIN CITIES IRANIAN CULTURE COLLECTIVE 991 9TH AVE NW NEW BRIGHTON MN 551122665 845060847 501(C)(3) 45500 0 SEEDING CULTURAL TREASURERS TWIN CITIES MEDIA ALLIANCE 2525 E FRANKLIN AVE SUITE 250 MINNEAPOLIS MN 55419 421670009 501(C)(3) 35943 0 NONPROFIT INFRASTRUCTURE GRANT PROGRAM URBAN HOMEWORKS 2015 EMERSON AVENUE NORTH MINNEAPOLIS MN 554112507 411821520 501(C)(3) 75000 0 RECOVERY CAPITAL LOAN FORGIVENESS VOICES FOR RACIAL JUSTICE 2525 E FRANKLIN AVE STE 301 MINNEAPOLIS MN 554061198 411750116 501(C)(3) 19375 0 FAMILY ENGAGEMENT PROGRAM WE WIN INSTITUTE INC 3424 PORTLAND AVE MINNEAPOLIS MN 55407 411820991 501(C)(3) 12500 0 FAMILY ENGAGEMENT PROGRAM YOUTH LEADERSHIP INITIATIVE 5500 38TH AVE S MINNEAPOLIS MN 554172107 861711656 501(C)(3) 35212 0 FISCAL SPONSORSHIP 92 15 PART I, LINE 2: GRANTS ARE MADE TO CLIENT PARTICIPANTS IN OUR SOCIAL ENTERPRISE COHORT, SPONSORSHIP PROGRAM, AND NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP). IN ALL FOUR OF THESE PROGRAMS, CLIENTS MUST APPLY AND ARE VETTED FOR FIT AND PROBABLE SUCCESS. FOR CLIENTS THAT ARE GRANTEES IN THE SOCIAL ENTERPRISE COHORT AND EQUITY BUILDER LOAN PROGRAM, THE GRANTEE MUST BE ACTIVELY PARTICIPATING IN THE PROGRAM, ATTENDING REQUIRED MEETINGS AND TRAININGS, AND MEETING MINIMUM PROGRAMMATIC AND FINANCIAL THRESHOLDS. OUR PROGRAM STAFF ARE IN CONSTANT CONTACT WITH THE CLIENT PARTICIPANTS AND MONITOR THEIR PROGRESS. EACH APPLICANT TO THE FISCAL SPONSORSHIP PROGRAM APPLIES AND IS VETTED BY A COMMITTEE OF BOARD, STAFF, AND COMMUNITY MEMBERS. ONCE ACCEPTED AS A FISCALLY SPONSORED CLIENT, MOST OF THESE CLIENTS HAVE ENGAGED PROPEL NONPROFITS TO PROVIDE ONGOING PROGRAM AND ACCOUNTING SUPPORT. GRANTEES OF THE NIGP APPLIED TO AND WERE ACCEPTED BY A COMMITTEE OF COMMUNITY REPRESENTATIVES. FOR BOTH THE FISCAL SPONSORSHIP PROGRAM AND THE NIGP, GRANTEES ARE CONSTANTLY MONITORED AND SUPPORTED. PROGRAM ACTIVITIES INCLUDE A WIDE VARIETY OF OFFERINGS, INCLUDING THE FOLLOWING: SUPPORT FOR ORGANIZATIONAL REQUIREMENTS DURING ONBOARDING; ACCESS TO NO COST OR DISCOUNTED TRAINING; GUIDANCE ON FINANCIAL MANAGEMENT, GOVERNANCE, AND STRATEGY; NO COST OR DISCOUNTED CONSULTING SERVICES; INVITATIONS TO PARTICIPATE IN PEER LEARNING; AND ADDITIONAL TECHNICAL ASSISTANCE PROVIDED BY PROPEL NONPROFITS STAFF. X X X X 0 0 0 0 0 0 0 0 0 KATE BARR PRESIDENT AND CEO 194346 0 0 0 0 0 9946 0 16099 0 220391 0 0 0 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 2022. 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.