2022-12-22T09:36:51-06:00 2021-03-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-04-01 411916337 PROPEL NONPROFITS PROP 6122496700 1 SE MAIN STREET NO 600 MINNEAPOLIS MN 55414 KATE BARR PRESIDENT 6122496700 2022-12-15 1 KATE BARR 999009999 DEIRDRE HODGSON P01484710 6123764500 2022-12-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X KATE BARR 1 SE MAIN STREET NO 600 MINNEAPOLIS MN 55414 8344774 0 X WWW.PROPELNONPROFITS.ORG X 1998 MN TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. 16 16 32 30 0 0 5703358 6246500 2571914 2082787 64622 15487 0 0 8339894 8344774 2969627 3194746 0 0 2654295 2943971 0 0 198704 1531504 1335596 7155426 7474313 1184468 870461 40727822 40479076 25845242 24726035 14882580 15753041 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 1399996 223000 1607165 LENDING: AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE US TREASURY, PROPEL NONPROFITS MAKES LOANS TO NONPROFIT ORGANIZATIONS TO EXPAND PROGRAMS AND SERVICES, BRIDGE CASH FLOW GAPS, CONSOLIDATE DEBT, AND MAKE CAPITAL IMPROVEMENTS. WE BELIEVE THAT ACCESS TO CAPITAL IS ESSENTIAL TO THE GROWTH AND STABILITY OF THE NONPROFIT SECTOR. PROPEL NONPROFITS MAKES LOANS TO NONPROFITS OF ALL SIZES AND STAGES OF DEVELOPMENT, MANY OF WHICH HAVE BEEN HISTORICALLY UNDER-SERVED BY TRADITIONAL CREDIT MARKETS. LOANS ARE AS LARGE AS $1 MILLION AND AS SMALL AS $10,000. OVERALL, WE MADE 42 NEW LOANS IN FY2021 TOTALING $9,986,165. OUR LENDING IMPACTED ORGANIZATIONS WORKING IN HEALTH CARE, HUMAN SERVICES, ARTS AND HUMANITIES, CHARTER SCHOOLS, COMMUNITY DEVELOPMENT, AND AFFORDABLE HOUSING. BY PARTNERING WITH OTHER CAPITAL PROVIDERS, WE ALSO LEVERAGED ADDITIONAL FUNDS OF $7,590,500 INTO THE COMMUNITY. WITHIN THE LENDING PROGRAM, PROPEL NONPROFITS HAS CONTINUED THE INNOVATIVE EQUITY BUILDER LOAN PROGRAM. THIS PROGRAM INCLUDES INTENSE TECHNICAL ASSISTANCE, A COHORT LEARNING PROCESS, LOAN FORGIVENESS, AND A STRUCTURED SAVINGS PROGRAM THAT BRINGS EQUITY TO THE BALANCE SHEETS OF MINNESOTA-BASED ARTS AND CULTURE NONPROFITS. ULTIMATELY, THE GOAL IS TO ALLOW THE LEADERS OF THESE ORGANIZATIONS TO BE MORE STRATEGIC AND VISIONARY IN THEIR WORK. 1384355 482000 95371 TRAINING, GUIDANCE. AND KNOWLEDGE SHARING: PROPEL NONPROFITS PROVIDES ONGOING TRAINING, CONSULTING, AND TECHNICAL ASSISTANCE ON TOPICS RANGING FROM FINANCIAL MANAGEMENT, ACCOUNTING, GOVERNANCE, NONPROFIT BUSINESS MODELS, AND SOCIAL ENTERPRISE. EARLY IN FY21, PROPEL PIVOTED ITS PROGRAM DELIVERY TO A VIRTUAL FORMAT, INCLUDING MOVING THE ANNUAL NONPROFIT FINANCE & SUSTAINABILITY CONFERENCE ONLINE. WE CREATED SPECIAL RESOURCES, INCLUDING WEBINARS AND A LANDING PAGE AT OUR WEBSITE, RELATED TO COVID-19 AND ENSURED NONPROFITS ACROSS THE STATE HAD TIMELY AND RELEVANT INFORMATION. DUE TO OUR RESPONSIVE PROGRAMMING AND PARTNERSHIPS WITH STATE AND REGIONAL ORGANIZATIONS - SUCH AS MN DEED AND THE BLANDIN FOUNDATION IN ITASCA COUNTY - THE NUMBER OF PEOPLE TRAINED INCREASED BY 30% FROM THE PREVIOUS YEAR. ADDITIONALLY, COHORT WORK, INCLUDING FINANCIAL LEADERSHIP COHORTS AND LEADERS CIRCLES, CONTINUED AS A VITAL RESOURCE FOR NONPROFIT LEADERS, SO THEY COULD LEARN FROM AND BE IN FELLOWSHIP WITH ONE ANOTHER THROUGH THE IMMENSE CHALLENGES CAUSED BY COVID-19. PROPEL ALSO LAUNCHED THE 2-YEAR CAPACITY BUILDING INITIATIVE (CBI) FOR FAMILY ENGAGEMENT COHORT: 12 NONPROFIT AND/OR FISCALLY SPONSORED ORGANIZATIONS JOINED IN A PARTICIPANT-DRIVEN CAPACITY BUILDING MODEL TO EMPOWER FAMILIES IN K-12 EDUCATIONAL SYSTEMS. 2713971 2489746 108694 FISCAL SPONSORSHIP: PROPEL NONPROFITS ACTS AS A FISCAL SPONSOR TO EMERGING PROJECTS BASED IN MINNESOTA, NORTH DAKOTA, SOUTH DAKOTA, AND WISCONSIN THAT FOR VARIOUS REASONS HAVE NOT YET ESTABLISHED THEMSELVES AS SEPARATE 501(C)(3) NONPROFIT ORGANIZATIONS. THESE ENTITIES MAY BE IN THE PROCESS OF APPLYING FOR 501(C)(3) STATUS OR MAY BE SHORT-TERM IN NATURE OR MAY BE EXPLORING WHETHER BECOMING A SEPARATE NONPROFIT IS THE MOST APPROPRIATE LONG-TERM STRATEGY TO ACCOMPLISH THEIR MISSION. PROPEL NONPROFITS ACCEPTS CHARITABLE GRANTS AND CONTRIBUTIONS ON BEHALF OF THESE PROJECTS. THESE FUNDS ARE TREATED AS CONTRIBUTIONS WITH DONOR RESTRICTIONS WHEN RECEIVED BY PROPEL NONPROFITS. THESE FUNDS ARE RELEASED FROM RESTRICTION AS PROPEL NONPROFITS IN TURN GRANTS THEM TO THE FISCALLY SPONSORED RECIPIENTS. PROPEL NONPROFITS ULTIMATELY RETAINS THE DISCRETION TO REDIRECT THE FUNDS TO ANOTHER ENTITY IF NEEDED IN ORDER TO ACCOMPLISH THE PURPOSE OF THE CONTRIBUTION AS ORIGINALLY RESTRICTED BY ITS DONOR. ONCE THE FUNDS HAVE BEEN GRANTED TO THE FISCALLY SPONSORED CLIENT, THE CLIENT HAS THE OPTION TO HOLD AND MANAGE THOSE FUNDS ON ITS OWN OR ENTER AN ARRANGEMENT WITH PROPEL NONPROFITS IN WHICH PROPEL ADMINISTERS THE FUNDS ON BEHALF OF THE CLIENT. ALONG WITH THE FISCAL MANAGEMENT OPTION, PROPEL NONPROFITS PROVIDES EXTENSIVE TECHNICAL ASSISTANCE ON TOPICS SUCH AS FINANCIAL LEADERSHIP, BOARD GOVERNANCE, NONPROFIT BUSINESS MODELS, AND STRATEGY PLANNING. 810904 0 257825 OTHER PROGRAM SERVICES - STRATEGIC SERVICES AND ACCOUNTING AND FINANCE CONSULTING: PROPEL NONPROFITS PROVIDES A WIDE RANGE OF INTEGRATED PROGRAMS AND SERVICES FOR NONPROFIT ORGANIZATIONS. PROPEL NONPROFITS IS A MUTUAL PARTNER THAT ASSISTS NONPROFITS IN ALIGNING THEIR VISION, GETTING THE NONPROFIT'S BOARDS AND LEADERSHIP TEAMS ON THE SAME PAGE, PROVIDING TOOLS FOR BETTER ORGANIZATIONAL COMMUNICATION, AND HELPING TO EQUIP NONPROFITS WITH THE TOOLS TO BE MORE EFFECTIVE WITH REACHING THEIR MISSION. THE TOOLS THAT PROPEL NONPROFITS OFFERS THROUGH ITS STRATEGIC SERVICES PROGRAM ARE STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT, BOARD DEVELOPMENT, AND LEADERSHIP TRANSITION CONSULTING. PROPEL NONPROFITS ACCOUNTING & FINANCE PROGRAM OFFERS ACCOUNTING AND FINANCIAL MANAGEMENT SERVICES ALONG WITH CUSTOMIZED TECHNICAL ASSISTANCE WHICH HELPS ORGANIZATIONS UNDERSTAND THEIR FINANCIAL SITUATION, IDENTIFY PRIORITIES, AND DEVELOP A PLAN OF ACTION FOR THE NEAR AND LONG-TERM FUTURE 810904 0 257825 6309226 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 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 1 0 0 0 1 24 0 32 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 1 0 0 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 MN X X KEVEN AMBRUS 6122496700 1 SE MAIN STREET NO 600 MINNEAPOLIS MN 55414 SEAN KERSHAW CHAIR 4.00 X X 0 0 0 SARAH CLYNE VICE CHAIR 3.00 X X 0 0 0 PAUL BABCOCK TREASURER 3.00 X X 0 0 0 DAVID MITCHELL TREASURER 3.00 X X 0 0 0 JEAN ADAMS 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 SCOTT MARQUARDT BOARD MEMBER 2.00 X 0 0 0 SONY MALHOTRA BOARD MEMBER 2.00 X 0 0 0 MARCUS OWENS BOARD MEMBER 2.00 X 0 0 0 PATTY PANNKUK BOARD MEMBER 2.00 X 0 0 0 GARY TAVERNA BOARD MEMBER 2.00 X 0 0 0 BO THAO-URABE BOARD MEMBER 2.00 X 0 0 0 ELIZABETH TOPOLUK BOARD MEMBER 2.00 X 0 0 0 DIANE TRAN BOARD MEMBER 2.00 X 0 0 0 KATE BARR PRESIDENT AND CEO 40.00 X 183821 0 23402 KEVEN AMBRUS VICE PRESIDENT OF FINANCE AND CFO 40.00 X 115019 0 30271 JANET OGDEN-BRACKETT VICE PRESIDENT OF PROGRAMS 40.00 X 118832 0 15234 417672 0 68907 3 1 1 0 0 1787896 4458604 6246500 LOAN INTEREST REVENUE 522200 1547140 1547140 CLIENT FEE AND CONTRAC 541900 378596 378596 WORKSHOP AND TRAINING 611430 81215 81215 LOAN FEE REVENUE 522200 60026 60026 15810 15810 2082787 15487 15487 8344774 2098274 0 0 3194746 3194746 704569 419094 275213 10262 1727990 1331597 289208 107185 86399 66580 14460 5359 251069 191613 44956 14500 173944 126508 38658 8778 8909 8909 6479 2085 4394 33579 33579 308072 169260 113612 25200 9578 7748 1378 452 63303 40481 20723 2099 150426 116922 27564 5940 208075 153428 44594 10053 258 251 7 2129 1265 864 493855 493855 176612 130535 37717 8360 20529 9466 10547 516 UNCOLLECTIBLE ACCOUNTS 27250 27250 LENDING EXPENSES -173458 -173458 7474313 6309226 966383 198704 7396961 12861436 1511000 1387637 1484920 977582 160295 172900 28420091 23487319 122811 103259 1394108 726199 818022 667909 813722 821034 40727822 40479076 667487 942963 576190 561750 1080943 690659 23520622 22530663 25845242 24726035 X 11606718 12321637 3275862 3431404 14882580 15753041 40727822 40479076 870461 0 X 0 1 X 1 1 1 X 7303225 3719704 5598397 5703358 6246500 28571184 7303225 3719704 5598397 5703358 6246500 28571184 4543762 24027422 13904 21032 25344 80433 15487 156200 28727384 11105593 0.83640 0.80680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 586929 208355 378574 796675 514340 282335 10504 3504 7000 667909 X 8344774 0 8344774 0 8344774 7474313 0 7474313 0 7474313 PART IV, LINE 2B: THE COMBINED ORGANIZATION ACTS AS A FISCAL SPONSOR TO EMERGING PROJECTS BASED IN MINNESOTA, NORTH DAKOTA, SOUTH DAKOTA, AND WISCONSIN THAT FOR VARIOUS REASONS HAVE NOT ESTABLISHED THEMSELVES AS SEPARATE 501(C)(3) NONPROFIT ORGANIZATIONS. THESE ENTITIES MAY BE IN THE PROCESS OF APPLYING FOR 501(C)(3) STATUS OR MAY BE SHORT-TERM IN NATURE OR MAY BE EXPLORING WHETHER BECOMING A SEPARATE NONPROFIT IS THE MOST APPROPRIATE LONG-TERM STRATEGY TO ACCOMPLISH THEIR MISSION. PROPEL NONPROFITS ACCEPTS CHARITABLE GRANTS AND CONTRIBUTIONS ON BEHALF OF THESE PROJECTS. THESE FUNDS ARE TREATED AS CONTRIBUTIONS WITH DONOR RESTRICTIONS WHEN RECEIVED BY PROPEL NONPROFITS. THESE FUNDS ARE RELEASED FROM RESTRICTION AS PROPEL NONPROFITS IN TURN GRANTS THEM TO THE FISCALLY SPONSORED RECIPIENTS. PROPEL NONPROFITS ULTIMATELY RETAINS THE DISCRETION TO REDIRECT THE FUNDS TO ANOTHER ENTITY IF NEEDED TO ACCOMPLISH THE PURPOSE OF THE CONTRIBUTION AS ORIGINALLY RESTRICTED BY ITS DONOR. ONCE FUNDS HAVE BEEN GRANTED TO THE FISCALLY SPONSORED CLIENT, THE CLIENT HAS THE OPTION TO HOLD AND MANAGE THOSE FUNDS ON ITS OWN OR ENTER AN ARRANGEMENT WITH PROPEL NONPROFITS IN WHICH PROPEL NONPROFITS ADMINISTERS THE FUNDS ON BEHALF OF THE CLIENT. IF THE CLIENT CHOOSES TO HAVE PROPEL NONPROFITS ADMINISTER ITS FUNDS, THOSE FUNDS BECOME A LIABILITY OF PROPEL NONPROFITS AND ARE RECORDED AS SUCH FOR ACCOUNTING PURPOSES. THE ARRANGEMENT INCLUDES PROPEL NONPROFITS HOLDING THE CLIENT'S FUNDS IN A CUSTODIAL ACCOUNT, PROVIDING BOOKKEEPING AND ACCOUNTING SERVICES, AND ASSISTING IN OTHER ADMINISTRATIVE DUTIES RELATED TO THOSE FUNDS. IN THIS ARRANGEMENT, THE MANAGEMENT OF THE FISCALLY-SPONSORED CLIENT DIRECTS THE USE OF THE FUNDS. PROPEL NONPROFITS SIMPLY EXECUTES THE MECHANICS OF THE TRANSACTIONS. PART X, LINE 2: PROPEL NONPROFITS IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE (IRC). IT HAS BEEN CLASSIFIED AS A PUBLIC CHARITY THAT IS NOT A PRIVATE FOUNDATION UNDER THE IRC AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. PROPEL NONPROFITS IS ALSO EXEMPT FROM STATE INCOME TAXES. PROPEL NONPROFITS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS.PROPEL NONPROFITS IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE (IRC). IT HAS BEEN CLASSIFIED AS A PUBLIC CHARITY THAT IS NOT A PRIVATE FOUNDATION UNDER THE IRC AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. PROPEL NONPROFITS IS ALSO EXEMPT FROM STATE INCOME TAXES. PROPEL NONPROFITS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS. 0 AFRICAN COMMUNITY SENIOR SERVICES 3040 4TH AVE SOUTH 5C MINNEAPOLIS MN 55408 270837630 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT AFRO AMERICAN DEVELPMENT ASSOCIATION 11232 28TH AVENUE SOUTH SUITE 104 MOORHEAD MN 56560 472210302 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT AL-MAA'UUN 1729 LYNDALE AVE NORTH MINNEAPOLIS MN 55411 271893708 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT AMERICAN INDIAN FAMILY CENTER 579 WELLS STREET SAINT PAUL MN 55130 411841352 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT ANEW BAM (30000 FEET) 2355 HIGHWAY 36 WEST ROSEVILLE MN 55113 473224688 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT ASSOCIATION FOR BLACK ECONOMIC POWER 227 COLFAX AVE NORTH STE 230 MINNEAPOLIS MN 55405 815486146 501(C)(3) 18849 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT AYADA LEADS 615 1ST AVE NE SUITE 500 MINNEAPOLIS MN 55413 474294816 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT BHUTANESE COMMUNITY ORGANIZATION OF MN 2499 RICE STREET SUITE 150 ROSEVILLE MN 55113 364670106 501(C)(3) 12000 N/A N/A 501(C)(3) BREAK THE SILENCE PO BOX 17370 LOT 1851 SAINT PAUL MN 55117 812003541 501(C)(3) 50413 N/A N/A FISCAL SPONSORSHIP PROGRAM BRIDGEMAKERS 825 WASHINGTON AVENUE SE CO IMPACTHUB MINNEAPOLIS MN 55414 854214217 70000 N/A N/A FISCAL SPONSORSHIP GRANT CENTER FOR COACHING IN ORGANIZATIONS 1995 JERROD AVENUE ARDEN HILLS MN 55112 853672864 30100 N/A N/A FISCAL SPONSORSHIP GRANT CENTER FOR HMONG ARTS AND TALENT 995 UNIVERSITY AVENUE WEST SUITE 251 SAINT PAUL MN 55104 411771925 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT CLOSEKNIT PO BOX 3852 MINNEAPOLIS MN 55403 474977811 51336 N/A N/A FISCAL SPONSORSHIP PROGRAM COALITION OF ASIAN AMERICAN LEADERS (CAAL) 941 LAFOND AVENUE SUITE 205 SAINT PAUL MN 55104 810874603 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT COFFEE HOUSE PRESS 79 13TH AVE NE MINNEAPOLIS MN 55413 363332945 501(C)(3) 7167 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM COMMUNITY HEALTH FUND 5810 42ND AVE N ROBBINSDALE MN 55422 820728457 7181 N/A N/A FISCAL SPONSORSHIP PROGRAM CONNECTIONS TO INDEPENDENCE 310 EST 38TH STREET SUITE 120B MINNEAPOLIS MN 55409 800542940 501(C)(3) 9000 N/A N/A COVID RECOVERY GRANT COUNCIL FOR BLACK MALE SUCCESS 381 ROBIE STREET E SAINT PAUL MN 55107 842160972 697746 N/A N/A FISCAL SPONSORSHIP PROGRAM COUNCIL ON AMERICAN-ISLAMIC RELATIONS MN (CAIR MN) 2511 EAST FRANKLIN AVENUE SUITE 100 MINNEAPOLIS MN 55406 450553731 23915 N/A N/A NONPROFIT INFASTRUCTURE GRANT PROGRAM (NIGP)& MDRF DAKOTA WICOHAN 230 W 2ND STREET PO BOX 2 MORTON MN 56270 421552956 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT EDALLIES (MINNESOTA PARENT UNION) 2800 UNIVERSITY AVE SE SUITE 200 MINNEAPOLIS MN 55414 352573057 501(C)(3) 12500 N/A N/A COVID RECOVERY GRANT FAMILY VALUES FOR LIFE 1280 ARCADE ST SAINT PAUL MN 55106 412006889 501(C)(3) 12500 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT FOSTER ADVOCATES 555 WABASHA ST NORTH SAINT PAUL MN 55102 825411160 501(C)(3) 5985 N/A N/A FISCAL SPONSORSHIP PROGRAM FREE CLINIC OF STEELE COUNTY 134 SOUTHVIEW STREET OWATONNA MN 55060 461795200 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT FROGTOWN GREEN 843 VANBUREN AVE SAINT PAUL MN 55104 710969337 7394 N/A N/A FISCAL SPONSORSHIP GRANT GLOBAL SHAPERS MINNEAPOLIS 3100 LONFELLOW AVENUE MINNEAPOLIS MN 55407 296076152 6870 N/A N/A FISCAL SPONSORSHIP GRANT HALLIE Q BROWN 270 N KENT ST SAINT PAUL MN 55102 410693846 501(C)(3) 10500 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM HISPANIC OUTREACH OF GOODHUE COUNTY 628 WEST 5TH STREET RED WING MN 55066 264467878 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT HMONG EARLY CHILDHOOD COALITION 8260 POLK ST NE SPRING LAKE PARK MN 55432 831217023 21231 N/A N/A FISCAL SPONSORSHIP GRANT HMONG MUSEUM PO BOX 4189 SAINT PAUL MN 55104 471620897 501(C)(3) 22892 N/A N/A NONPROFIT INFASTRUCTURE GRANT PROGRAM (NIGP) IMMIGRANT DEVELOPMENT CENER 810 4TH AVENUE SUITE 100 MOORHEAD MN 56560 203368647 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT INDIGENOUS ROOTS 788 EAST 7TH STREET SAINT PAUL MN 55107 474492457 501(C)(3) 31000 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT JUXTAPOSITION ARTS 1500 EAST LAKE STREET MINNEAPOLIS MN 55411 411851915 501(C)(3) 27167 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM KA JOOG 419 CEDAR AVE SOUTH MINNEAPOLIS MN 55454 392073475 501(C)(3) 10500 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM LIVEMORE PO BOX 10711 SAINT PAUL MN 55110 842537633 501(C)(3) 33018 N/A N/A FISCAL SPONSORSHIP PROGRAM LOOKING GLASS BOOKS 5040 JEWEL LANE NORTH PLYMOUTH MN 55446 852753531 13971 N/A N/A FISCAL SPONSORSHIP GRANT MAD DADS 3026 SOUTH 4TH STREET MINNEAPOLIS MN 55408 010774996 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT MANIDOO OGITIGAAN 102 FIRST STREET WEST SUITE 110 BEMIDJI MN 56601 824771865 501(C)(3) 37251 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) & COVID RECOVERY GRANT MARKET ENTRY FUND 1136 GRAND AVENUE SAINT PAUL MN 55105 834587871 54693 N/A N/A FISCAL SPONSORSHIP PROGRAM MINNEAPOLIS FOUNDATION (ADVANCING EQUITY COALITION) 80 S 8TH ST STE 800 MINNEAPOLIS MN 55402 416029402 501(C)(3) 12500 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT - FISCAL FOR LATINO LEAD MINNESOTA EDUCATION EQUITY PARTNERSHIP 2233 UNIVERSITY AVENUE WEST SUITE 220 SAINT PAUL MN 55114 411699505 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT MONARCH JOINT VENTURE 20879 325TH AVENUE HENDERSON MN 56044 831343107 501(C)(3) 207296 N/A N/A FISCAL SPONSORSHIP GRANT MPGL ENTERTAINMENT 4712 ZENITH AVE SOUTH MINNEAPOLIS MN 55410 841832278 501(C)(3) 9831 N/A N/A FISCAL SPONSORSHIP PROGRAM NAVIGATE MINNESOTA 1515 EAST LAKE STREET SUITE 202 MINNEAPOLIS MN 55407 453808452 501(C)(3) 39520 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) NEIGHBORHOOD YOUTH ACADEMY 1505 WASHBURN AVENUE NORTH MINNEAPOLIS MN 55411 611697182 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT NEW AMERICANS ALLIANCE FOR DEVELOPMENT 1821 UNIVERSITY AVE WEST SUITE 328 SAINT PAUL MN 55104 571139418 97252 N/A N/A FISCAL SPONSOR NEW NATIVE THEATRE TCTOCC PO BOX 40118 SAINT PAUL MN 55104 273901099 501(C)(3) 81000 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC NONPROFIT QUARTERLY 88 BROAD STREET SUITE 101 BOSTON MA 02110 204080038 501(C)(3) 80000 N/A N/A FINANICAL COMMONS PANGEA WORLD THEATRE TCTOCC 711 WEST LAKE STREET SUITE 101 MINNEAPOLIS MN 55408 411854164 501(C)(3) 81000 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC PARENTS RADICALLY ORGANIZED PROS 1360 UNIVERSITY AVE W STE 422 SAINT PAUL MN 55114 832120537 501(C)(3) 8691 N/A N/A FISCAL SPONSORSHIP PROGRAM PARK SQUARE THEATRE 408 SAINT PETER ST SAINT PAUL MN 55102 411280683 501(C)(3) 22167 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM PENUMBRA THEATRE COMPANY 270 NORTH KENT STREET SAINT PAUL MN 55102 411563764 501(C)(3) 7167 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM PENUMBRA THEATRE COMPANY TCTOCC 270 NORTH KENT STREET SAINT PAUL MN 55102 411563764 501(C)(3) 126000 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC PILLSBURY UNITED COMMUNITIES 125 W BROADWAY AVE SUITE 130 MINNEAPOLIS MN 55411 410916478 501(C)(3) 57833 N/A N/A LOAN FORGIVENESS FROM EQUITY BUILDER LOAN PROGRAM & TARGET PROJECT IMPRINTZ 3133 EAST CALHOUN PARKWAY MINNEAPOLIS MN 55408 825305250 501(C)(3) 58891 N/A N/A FISCAL SPONSORSHIP PROGRAM REVIVING THE ISLAMIC SISTERHOOD FOR EMPOWERMENT 1007 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 811236990 501(C)(3) 40305 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT ROSY SIMAS DANSE 2511 BRIGHTON AVE NE MINNEAPOLIS MN 55413 812281254 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT SABATHANI COMMUNITY CENTER 310 EAST 38TH STREET SUITE 200 MINNEAPOLIS MN 55409 410984859 501(C)(3) 9000 N/A N/A COVID RECOVERY GRANT SAHAN JOURNAL 370 WABASHA AT N STE 500 SAINT PAUL MN 55102 832745995 501(C)(3) 33188 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT SAINT PAUL NEIGHBORHOOD NETWORK 550 VANDALIA ST STE 170 SAINT PAUL MN 55101 411500773 501(C)(3) 10500 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT SCIENCE AND SOCIAL STUDIES ADVENTURES 7794 YUCCALANE N MAPLE GROVE MN 55311 844019919 11707 N/A N/A FISCAL SPONSORSHIP GRANT SOMALI AMERICAN PARENT ASSOCIATION 1433 EAST FRANKLIN AVENUE SUITE 10 MINNEAPOLIS MN 55404 263120451 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT SOMALI SUCCESS SCHOOL 2812 EAST 26TH STREET MINNEAPOLIS MN 55406 203021208 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT SOO VISUAL ARTS CENTER 2909 BRYANT AVE SOUTH STE 101 MINNEAPOLIS MN 55438 411944443 501(C)(3) 8000 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT TANKA FUND 287 WATER TOWER ROAD KYLE SD 57752 825315136 501(C)(3) 10910 N/A N/A FISCAL SPONSORSHIP PROGRAM TEATRO DEL PUEBLO 209 PAGE STREET WEST SAINT PAUL MN 55107 411739320 501(C)(3) 28460 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) & COVID RECOVERY GRANT TEATRO DEL PUEBLO TCTOCC 209 PAGE ST W SUITE 208 SAINT PAUL MN 55107 411739320 501(C)(3) 81000 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC THE CEDAR CULTURAL CENTER INC 416 CEDAR AVE SOUTH MINNEAPOLIS MN 55454 411669156 501(C)(3) 10500 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT THE JK MOVEMENT 631 UNIVERSITY AVENUE SAINT PAUL MN 55104 455052650 501(C)(3) 23000 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) THEATER MU INC 755 PRIOR AVE NORTH SAINT PAUL MN 55104 411727881 501(C)(3) 13833 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM THEATER MU INC TCTOCC 755 PRIOR AVE NORTH SAINT PAUL MN 55104 411727881 501(C)(3) 63000 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC TRANSFORMING GENERATIONS 550 RICE STREET SAINT PAUL MN 55103 842937278 501(C)(3) 12000 N/A N/A COVID RECOVERY GRANT TRANSMISSION MINISTRY COLLECTIVE 2124 COMO AVENUE SAINT PAUL MN 55108 844915474 9591 N/A N/A FISCAL SPONSORSHIP PROGRAM TU DANCE 2121 UNIVERSITY AVE WEST SAINT PAUL MN 55104 202534129 501(C)(3) 10500 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM VIETNAMESE SOCIAL SERVICES OF MINNESOTA 277 UNIVERSITY AVE WEST SAINT PAUL MN 55103 363532232 501(C)(3) 9000 N/A N/A COVID RECOVERY GRANT VOICES FOR RACIAL JUSTICE 2525 E FRANKLIN AVE STE 301 MINNEAPOLIS MN 55406 411750116 501(C)(3) 12500 N/A N/A FAMILY ENGAGEMENT GRANT WALKER WEST MUSIC ACADEMY 760 SELBY AVE SAINT PAUL MN 55104 411678368 501(C)(3) 13833 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM WE WIN INSTITUTE INC 3751 17TH AVE SOUTH MINNEAPOLIS MN 55407 411820991 501(C)(3) 12500 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT ZAMYA THEATER PROJECT 3501 CHICAGO AVE S MINNEAPOLIS MN 55407 832374869 103148 N/A N/A FISCAL SPONSORSHIP PROGRAM 67 13 PART I, LINE 2: GRANTS ARE MADE TO CLIENT PARTICIPANTS IN OUR SOCIAL ENTERPRISE COHORT, EQUITY BUILDER LOAN PROGRAM, FISCAL 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 1 0 0 0 0 0 0 0 0 KATE BARR PRESIDENT AND CEO 183821 0 0 0 0 0 9091 0 14311 0 207223 0 0 0 JANET OGDEN-BRACKETT VICE PRESIDENT OF PROGRAMS 118832 0 0 0 0 0 4227 0 11007 0 134066 0 0 0 PART I, LINE 4A JANET OGDEN-BRACKETT - EMPLOYMENT TERMINATED - SEVERANCE PAYMENT MADE - $53,750 FORM 990, PART VI, SECTION A, LINE 4 THE AMENDMENTS TO THE CORPORATION'S BYLAWS MADE THE FOLLOWING CHANGES: TERMINATED THE RELATIONSHIP WITH THE MINNEAPOLIS FOUNDATION ALONG WITH THEIR POWER TO ELECT THE MAJORITY OF THE DIRECTORS ON THE BOARD OF TRUSTEES. THE EXECUTIVE DIRECTOR'S TITLE WAS CHANGED TO PRESIDENT. THE FINANCE COMMITTEE WAS DISTINCTLY IDENTIFIED TO PROVIDE OVERSIGHT FOR THE CORPORATION'S ACCOUNTING AND FINANCIAL CONDITIONS. SEVERAL ADDITIONAL FINANCIAL POWERS OF THE BOARD WERE DEFINED SUCH AS THE POWER TO MAKE GIFTS, THE POWER TO ENTER INTO AND PERFORM CONTRACTS, THE POWER TO AUTHORIZE THE TITLE OF PROPERTY TO THE ORGANIZATION, AND THE POWER TO APPROVE AN ANNUAL BUDGET OF THE COPRORATION. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS OF PROPEL NONPROFITS ARE RECRUITED AND SELECTED BY THE BOARD OF PROPEL NONPROFITS. IN AN ARRANGEMENT THAT REPRESENTS ITS HISTORICAL ORIGINS AND ITS CURRENT CORPORATE STRUCTURE AS A SUBSIDIARY, A BARE MAJORITY OF THE PROPEL NONPROFITS BOARD MEMBERS ARE PRESENTED TO AND FORMALLY ELECTED BY THE BOARD OF TRUSTEES OF THE MINNEAPOLIS FOUNDATION. THIS RELATIONSHIP ENDED IN JANUARY 2021. FORM 990, PART VI, SECTION A, LINE 7B GIVEN THAT PROPEL NONPROFITS IS A SUBSIDIARY ORGANIZATION OF THE MINNEAPOLIS FOUNDATION, AND ACCORDING TO THE BYLAWS OF PROPEL NONPROFITS, THE BOARD OF TRUSTEES OF THE MINNEAPOLIS FOUNDATION MAY AT ANY TIME REMOVE A DIRECTOR OF THE BOARD OF PROPEL NONPROFITS THAT THE MINNEAPOLIS FOUNDATION HAS ELECTED TO THE PROPEL NONPROFITS BOARD. THE BOARD OF TRUSTEES OF THE MINNEAPOLIS FOUNDATION MAY ALSO APPOINT A DIRECTOR TO FILL ANY VACANCY OF A PROPEL NONPROFITS BOARD MEMBER FORMALLY ELECTED BY THE MINNEAPOLIS FOUNDATION IN THE EVENT OF A VACANCY CAUSED BY DEATH, RESIGNATION, OR REMOVAL. THIS RELATIONSHIP ENDED IN JANUARY 2021. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITED FINANCIAL STATEMENTS ON WHICH THE FORM 990 IS BASED, ARE PRESENTED TO THE FINANCE COMMITTEE BY THE AUDITORS. THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ONCE A DRAFT WAS AVAILABLE, THE FORM 990 WAS REVIEWED BY MANAGEMENT AND THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE PROPEL NONPROFITS CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY ALL EMPLOYEES AND BOARD MEMBERS. EACH STAFF MEMBER IS REQUIRED TO DISCLOSE ANY DUALITIES OF INTEREST IN WRITING. NEW EMPLOYEES AND BOARD MEMBERS REVIEW THE POLICY AND DISCLOSE ANY DUALITIES OF INTEREST IN WRITING UPON FIRST JOINING THE STAFF OR BOARD. IN THE COURSE OF BUSINESS, IF AND WHEN A RELEVANT DUALITY OF INTEREST ARISES, THE EMPLOYEE OR BOARD MEMBER DISCLOSES IT VERBALLY AND IS RECUSED FROM ANY DECISION-MAKING ROLE RELATED TO THE DUAL INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE PROPEL NONPROFITS' BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING ANNUALLY THE PERFORMANCE AND SALARY OF THE PRESIDENT AND CEO. BASED ON THE REVIEW, THE COMMITTEE DETERMINES COMPENSATION FOR THE PRESIDENT AND CEO. IN ITS SALARY DETERMINATION, THE COMMITTEE ENGAGES AN HR COMPENSATION CONSULTANT, CONSIDERS SALARIES OF CEO'S IN PEER ORGANIZATIONS WITH COMPARABLE EXPERIENCE, CONSULTS SURVEY DATA OF NONPROFIT EXECUTIVES, AND REVIEWS THE HISTORY OF THE PRESIDENT AND CEO'S COMPENSATION. THE PRESIDENT AND CEO'S SALARY WAS LAST REVIEWED IN FALL 2019. NO CHANGES TO THE PRESIDENT AND CEO'S SALARY HAVE OCCURRED SINCE THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 PROPEL NONPROFITS MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO ANYONE UPON REQUEST. PROPEL NONPROFITS' GOVERNING DOCUMENTS INCLUDE ITS ARTICLES OF INCORPORATION, BYLAWS, AND IRS FORM 1023. PROPEL NONPROFITS FINANCIAL STATEMENTS, ANNUAL REPORTS, AND QUARTERLY INVESTOR REPORTS ARE AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. PROPEL NONPROFITS FINANCIAL STATEMENTS INCLUDE ITS AUDITED FINANCIAL STATEMENTS, SINGLE AUDIT (WHEN REQUIRED), AND IRS FORM 990 INCLUDING SCHEDULES AND ATTACHMENTS. FORM 990, ITEM B: THE FOLLOWING CHANGES HAVE BEEN MADE TO THE AMENDED 990: THERE WAS A $608,000 INCREASE IN CONTRIBUTION REVENUE. THIS INCREASED THE FOLLOWING LINE NUMBERS BY THIS AMOUNT: FORM 990, ITEM G; FORM 990 PART I, LINES 8/12/18; FORM 990, PART VIII, LINE 1F; FORM 990, PART XI, LINES 1/3/10 SCHEDULE A, PART II, LINES 1E&F/4E&F/7E&F/11; & SCHEDULE D, PART XI, LINES 1/3/5. THERE WAS ALSO A CORRESPONDING $608,000 INCREASE IN PLEDGES RECEIVABLE. THIS INCREASED THE FOLLOWING LINE NUMBERS BY THIS AMOUNT: FORM 990, PART I, LINES 20/22; FORM 990, PART X, LINES 3/16/28/32/33. THE PRINCIPAL OFFICER OF THE RETURN WAS UPDATED FROM PROPEL NONPROFITS TO KATE BARR ON FORM 990, ITEM F. ON FORM 990, PART II, THE PAID PREPARER OF THE RETURN WAS CHANGED TO CLIFTONLARSONALLEN WITH THE SIGNER BEING DEIRDRE HODGSON. FORM 990, PART VI, LINE 4 WAS CHECKED YES AND UPDATED WITH THE FOLLOWING NARRATIVE: "THE AMENDMENTS TO THE CORPORATION'S BYLAWS MADE THE FOLLOWING CHANGES: TERMINATED THE RELATIONSHIP WITH THE MINNEAPOLIS FOUNDATION ALONG WITH THEIR POWER TO ELECT THE MAJORITY OF THE DIRECTORS ON THE BOARD OF TRUSTEES. THE EXECUTIVE DIRECTOR'S TITLE WAS CHANGED TO PRESIDENT.THE FINANCE COMMITTEE WAS DISTINCTLY IDENTIFIED TO PROVIDE OVERSIGHT FOR THE CORPORATION'S ACCOUNTING AND FINANCIAL CONDITIONS.SEVERAL ADDITIONAL FINANCIAL POWERS OF THE BOARD WERE DEFINED SUCH AS THE POWER TO MAKE GIFTS, THE POWER TO ENTER INTO AND PERFORM CONTRACTS, THE POWER TO AUTHORIZE THE TITLE OF PROPERTY TO THE ORGANIZATION, AND THE POWER TO APPROVE AN ANNUAL BUDGET OF THE COPORATION. " FORM 990, PART VI, LINE 7A WAS CHECKED YES AND UPDATED WITH THE FOLLOWING NARRATIVE: "BOARD MEMBERS OF PROPEL NONPROFITS ARE RECRUITED AND SELECTED BY THE BOARD OF PROPEL NONPROFITS. IN AN ARRANGEMENT THAT REPRESENTS ITS HISTORICAL ORIGINS AND ITS CURRENT CORPORATE STRUCTURE AS A SUBSIDIARY, A BARE MAJORITY OF THE PROPEL NONPROFITS BOARD MEMBERS ARE PRESENTED TO AND FORMALLY ELECTED BY THE BOARD OF TRUSTEES OF THE MINNEAPOLIS FOUNDATION." THIS RELATIONSHIP ENDED IN JANUARY 2021. FORM 990, PART VI, LINE 7B WAS CHECKED YES AND UPDATED WITH THE FOLLOWING NARRATIVE: "GIVEN THAT PROPEL NONPROFITS IS A SUBSIDIARY ORGANIZATION OF THE MINNEAPOLIS FOUNDATION, AND ACCORDING TO THE BYLAWS OF PROPEL NONPROFITS, THE BOARD OF TRUSTEES OF THE MINNEAPOLIS FOUNDATION MAY AT ANY TIME REMOVE A DIRECTOR OF THE BOARD OF PROPEL NONPROFITS THAT THE MINNEAPOLIS FOUNDATION HAS ELECTED TO THE PROPEL NONPROFITS BOARD. THE BOARD OF TRUSTEES OF THE MINNEAPOLIS FOUNDATION MAY ALSO APPOINT A DIRECTOR TO FILL ANY VACANCY OF A PROPEL NONPROFITS BOARD MEMBER FORMALLY ELECTED BY THE MINNEAPOLIS FOUNDATION IN THE EVENT OF A VACANCY CAUSED BY DEATH, RESIGNATION, OR REMOVAL." THIS RELATIONSHIP ENDED IN JANUARY 2021. FORM 990, PART VI, LINE 11B WAS UPDATED WITH THE FOLLOWING NARRATIVE: "THE AUDITED FINANCIAL STATEMENTS ON WHICH THE FORM 990 IS BASED, ARE PRESENTED TO THE FINANCE COMMITTEE BY THE AUDITORS. THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ONCE A DRAFT WAS AVAILABLE, THE FORM 990 WAS REVIEWED BY MANAGEMENT AND THE BOARD PRIOR TO FILING." FORM 990, PART VI, LINE 12C WAS CHECKED YES AND UPDATED WITH THE FOLLOWING NARRATIVE: "THE PROPEL NONPROFITS CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY ALL EMPLOYEES AND BOARD MEMBERS. EACH STAFF MEMBER IS REQUIRED TO DISCLOSE ANY DUALITIES OF INTEREST IN WRITING. NEW EMPLOYEES AND BOARD MEMBERS REVIEW THE POLICY AND DISCLOSE ANY DUALITIES OF INTEREST IN WRITING UPON FIRST JOINING THE STAFF OR BOARD. IN THE COURSE OF BUSINESS, IF AND WHEN A RELEVANT DUALITY OF INTEREST ARISES, THE EMPLOYEE OR BOARD MEMBER DISCLOSES IT VERBALLY AND IS RECUSED FROM ANY DECISION-MAKING ROLE RELATED TO THE DUAL INTEREST." SCHEDULE A, PART II HAD CHANGES TO LINES 5 & 14 DUE TO CALCULATION CHANGES DUE TO THE CHANGE IN CONTRIBUTION REVENUES. SCHEDULE B HAD A CONTRIBUTOR INCREASE THEIR CONTRIBUTIONS FROM $330,000 TO $538,000. SCHEDULE B HAD A CONTRIBUTOR INCREASE THEIR CONTRIBUTIONS FROM $100,000 TO $500,000. SCHEDULE R, PART II WAS ADDED TO RECOGNIZE PROPEL NONPROFIT IS A RELATED ORGANIZATION WITH THE MINNEAPOLIS FOUNDATION. SCHEDULE R, PART II IDENTIFIED THE MINNEAPOLIS FOUNDATION AS A RELATED ORG AND GAVE THEIR EIN & ADDRESS, SET THEIR PRIMARY ACTIVITY TO PHILANTHROPY, LEGAL DOMICILE TO MINNESOTA, IDENTIFIED THE IRC CODE AS A 501(3) WITH A CHARITY STATUS OF 7, NO CONTROLLING ENTITY AND NO TO BEING A SECTION 512(B)(13) ENTITY. THIS RELATIONSHIP WAS TERMINATED IN JANUARY 2021. SCHEDULE R, PART V, LINE 1 IDENTIFIES THE TYPES OF TRANSACTIONS THAT TOOK PLACE BETWEEN PROPEL NONPROFIT AND THE MINNEAPOLIS FOUNDATION: LINE 1C WAS CHECKED YES TO IDENTIFY GIFTS, GRANTS, OR CAPITAL CONTRIBUTIONS WERE MADE FROM THE MINNEAPOLIS FOUNDATION; LINE 1E WAS CHECKED YES TO IDENTIFY LOANS OR LOAN GUARANTEES WERE MADE FROM THE MINNEAPOLIS FOUNDATION; & LINE 1P WAS CHECKED YES TO IDENTIFY REIMBURSEMENTS WERE PAID TO THE RELATED ORGANIZATION FOR EXPENSES. THIS RELATIONSHIP WAS TERMINATED IN JANUARY 2021. SCHEDULE R, PART V, LINE 2 IDENTIFIES THE MINNEAPOLIS FOUNDATION MADE GRANTS, GIFTS, OR CAPITAL CONTRIBUTIONS TOTALING $56,250 DURING THE YEAR. THIS RELATIONSHIP WAS TERMINATED IN JANUARY 2021. THE MINNEAPOLIS FOUNDATION 80 SOUTH 8TH STREET IDS CENTER 800 MINNEAPOLIS MN 55402 416029402 PHILANTHROPY MN 501(C)(3) LINE 7 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 THE MINNEAPOLIS FOUNDATION C 56250 CASH RECEIVED