2021-02-15T10:12:47-06:00 2020-03-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-04-01 411916337 PROPEL NONPROFITS PROP 6122496700 1 SE MAIN STREET NO 600 MINNEAPOLIS MN 55414 KATE BARR PRESIDENT 6122496700 2021-02-12 1 DEIRDRE HODGSON P01484710 6123764500 2021-02-12 2019 2022-09-23 18:48:47Z KATE BARR 1 SE MAIN STREET NO 600 MINNEAPOLIS MN 55414 8395161 0 X WWW.PROPELNONPROFITS.ORG X 1998 MN TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. 18 17 35 20 0 0 5598397 5703358 2523581 2571914 25344 64622 0 0 8147322 8339894 3460388 2969627 0 0 2592839 2654295 0 0 152093 1425873 1531504 7479100 7155426 668222 1184468 38277659 40727822 24579547 25845242 13698112 14882580 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 1539076 286039 1878289 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 112 NEW LOANS IN FY2020 TOTALING $19,798,106. 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 $19 MILLION 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. 2753602 2519493 214661 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. 703899 164095 346675 STRATEGIC SERVICES: PROPEL BELIEVES THAT NONPROFITS ARE EXPERTS IN THEIR OWN PURPOSE, MISSION, CULTURE, AND APPROACH TO THEIR OWN WORK. AT PROPEL WE SEE OUR ROLE AS A MUTUAL PARTNER THAT ASSIST NONPROFITS ALIGN THEIR VISION, GET THEIR BOARDS AND LEADERSHIP TEAMS ON THE SAME PAGE, LEVERAGE CONFLICT FOR BETTER COMMUNICATION, AND HELP EQUIP NONPROFITS WITH THE TOOLS TO BE MORE EFFECTIVE WITH REACHING THEIR MISSION. THE TOOLS THAT PROPEL USE ARE STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT, BOARD DEVELOPMENT, AND LEADERSHIP TRANSITION. 1177612 0 196911 PROPEL NONPROFITS PROVIDES A WIDE RANGE OF INTEGRATED PROGRAMS AND SERVICES FOR NONPROFIT ORGANIZATIONS. SERVICES TO NONPROFITS INCLUDE PROGRAMS DESIGNED TO PROVIDE FINANCIAL MANAGEMENT ASSISTANCE TO LOAN CLIENTS AND TO OTHER NONPROFITS. PROGRAMS PROVIDE OUTSOURCED ACCOUNTING AND FINANCIAL 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. TECHNICAL ASSISTANCE AND CONSULTING SERVICES INCLUDE A WIDE RANGE OF DIAGNOSTIC AND MENTORING DISCUSSIONS WITH STAFF AND BOARD LEADERS. THESE PROJECTS HELP NONPROFITS IDENTIFY, ANALYZE, AND ADAPT THEIR BUSINESS MODEL AND DEVELOP PLANS TO TIE THEIR MISSION AND GOALS TO STRATEGIES THAT GROW CAPACITY AND STRENGTHEN SUSTAINABILITY. PROPEL NONPROFITS' ALSO PROVIDES ON-GOING TRAINING THAT RANGES FROM SOCIAL ENTERPRISES TO FINANCIAL MANAGEMENT AND ACCOUNTING FOR NONPROFITS. IN FY2019 PROPEL NONPROFITS PROVIDED TRAINING AND CONSULTING TO COHORTS IN SAINT PAUL, DULUTH, AND WISCONSIN. 1177612 0 196911 6174189 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 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 27 0 35 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 18 17 1 0 0 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 JEAN ADAMS BOARD MEMBER 2.00 37.50 X 0 256222 51885 KATE BARR PRESIDENT AND CEO 40.00 0.00 X 169775 0 23737 JANET OGDEN-BRACKETT VICE PRESIDENT OF PROGRAMS 40.00 0.00 X 118756 0 26758 KEVEN AMBRUS VICE PRESIDENT OF FINANCE & CHIEF FINANCIAL OFFICE 40.00 0.00 X 108411 0 28718 HEIDI CHRISTIANSON BOARD MEMBER 2.00 0.00 X 0 0 0 COURTNEY COLBY BOARD MEMBER 2.00 0.00 X 0 0 0 BRAD KRUSE BOARD MEMBER 2.00 0.00 X 0 0 0 SCOTT MARQUARDT BOARD MEMBER 2.00 0.00 X 0 0 0 SONY MALHOTRA BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID MITCHELL BOARD MEMBER 2.00 0.00 X 0 0 0 MARCUS OWENS BOARD MEMBER 2.00 0.00 X 0 0 0 PATTY PANNKUK BOARD MEMBER 2.00 0.00 X 0 0 0 MAGUI RUBALCAVA SCHULMAN BOARD MEMBER 2.00 0.00 X 0 0 0 GARY TAVERNA BOARD MEMBER 2.00 0.00 X 0 0 0 BO THAO-URABE BOARD MEMBER 2.00 0.00 X 0 0 0 DIANE TRAN BOARD MEMBER 2.00 0.00 X 0 0 0 PAUL BABCOCK BOARD MEMBER 2.00 0.00 X 0 0 0 SARAH CLYNE VICE CHAIR 3.00 0.00 X X 0 0 0 SEAN KERSHAW CHAIR 4.00 0.00 X X 0 0 0 ELIZABETH TOPOLUK TREASURER 3.00 0.00 X X 0 0 0 396942 256222 131098 3 0 1 0 0 827500 234013 4641845 5703358 LOAN INTEREST REVENUE 522200 1720223 1720223 CLIENT FEE AND CONTRAC 541900 726023 726023 LOAN FEE REVENUE 522200 108268 108268 WORKSHOP AND TRAINING 611430 17400 17400 2571914 80433 80433 39456 55267 -15811 -15811 -15811 8339894 2556103 0 80433 2969627 2969627 505223 252856 236161 16206 1635124 1312528 254691 67905 81756 65626 12735 3395 271726 222788 37184 11754 160466 120054 34349 6063 6915 588 6327 4946 3492 1454 28446 28446 217738 135198 64540 18000 25074 23687 572 815 80073 47250 31396 1427 91356 72964 16033 2359 232975 175067 49468 8440 35555 23055 5535 6965 38434 34139 2547 1748 535802 535802 196382 147593 42042 6747 11738 5882 5587 269 LENDING EXPENSES 15533 15533 UNCOLLECTIBLE ACCOUNTS 9613 9613 OTHER FILING FEE EXPENS 924 847 77 7155426 6174189 829144 152093 4432280 7396961 1744312 1511000 875212 1484920 124613 160295 0 0 0 0 28809732 28420091 0 0 89233 122811 1489862 671840 946451 818022 0 0 1195015 813722 0 0 0 0 60811 0 38277659 40727822 685326 667487 10675 576190 1133696 1080943 22749850 23520622 24579547 25845242 X 11008914 11606718 2689198 3275862 13698112 14882580 38277659 40727822 1184468 0 X 0 1 X 1 1 1 X 793556 7303225 3719704 5598397 5703358 23118240 793556 7303225 3719704 5598397 5703358 23118240 4340542 18777698 15835 13904 21032 25344 80433 156548 23274788 10405001 0.80680 0.76280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 586929 152363 434566 868433 516973 351460 34500 2504 31996 818022 X 8339894 0 8339894 0 8339894 7155426 0 7155426 0 7155426 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 ASSOCIATION FOR BLACK ECONOMIC POWER 227 COLFAX AVE NORTH STE 230 MINNEAPOLIS MN 55405 815486146 501(C)(3) 7028 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT BREAK THE SILENCE PO BOX 17370 LOT 1851 SAINT PAUL MN 55117 812003541 501(C)(3) 227386 N/A N/A FISCAL SPONSORSHIP PROGRAM CLOSEKNIT PO BOX 3852 MINNEAPOLIS MN 55403 474977811 27896 N/A N/A FISCAL SPONSORSHIP PROGRAM COFFEE HOUSE PRESS 79 13TH AVE NE MINNEAPOLIS MN 55413 363332945 501(C)(3) 6667 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM COMMONWEAL THEATRE COMPANY 208 PARKWAY AVE N LANESBORO MN 55949 411796293 501(C)(3) 7278 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT COMMUNITY HEALTH FUND 5810 42ND AVE N ROBBINSDALE MN 55422 820728457 59155 N/A N/A FISCAL SPONSORSHIP PROGRAM COUNCIL FOR BLACK MALE SUCCESS 381 ROBIE STREET E SAINT PAUL MN 55107 842160972 669278 N/A N/A FISCAL SPONSORSHIP PROGRAM CULTURAL DIVERSITY RESOURCES 303 ROBERTS ST N FARGO ND 58102 411896836 501(C)(3) 8688 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT DISCAPACITADOS ABRIENDOSE CAMINOS 107 S 7TH AVE SOUTH SAINT PAUL MN 55075 411936762 501(C)(3) 14555 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT FAMILY VALUES FOR LIFE 1280 ARCADE ST SAINT PAUL MN 55106 412006889 501(C)(3) 8256 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT FILMNORTH 550 VANDALIA STREET SAINT PAUL MN 55114 411594894 501(C)(3) 19667 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT FOSTER ADVOCATES 555 WABASHA ST NORTH SAINT PAUL MN 55102 825411160 501(C)(3) 155565 N/A N/A FISCAL SPONSORSHIP PROGRAM GREAT RIVER PASSAGE CONSERVANCY 500 CITY HALL ANNEX 25 W 4TH ST SAINT PAUL MN 55102 832828394 501(C)(3) 90000 N/A N/A FISCAL SPONSORSHIP PROGRAM GUTTER PUNK COFFEE 3125 10TH AVE SOUTH MINNEAPOLIS MN 55407 820734578 501(C)(3) 12158 N/A N/A FISCAL SPONSORSHIP PROGRAM HALLIE Q BROWN 270 N KENT ST SAINT PAUL MN 55102 410693846 501(C)(3) 10000 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM ILLUSION THEATRE 528 HENNEPIN AVE MINNEAPOLIS MN 55403 237392140 501(C)(3) 6667 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM IN THE HEART OF THE BEAST THEATER 1500 EAST LAKE STREET MINNEAPOLIS MN 55407 411251313 501(C)(3) 33000 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT INDIGENOUS ROOTS 788 EAST 7TH STREET SAINT PAUL MN 55107 474492457 501(C)(3) 9000 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) 26667 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM KA JOOG 419 CEDAR AVE SOUTH MINNEAPOLIS MN 55454 392073475 501(C)(3) 10000 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM LAO ASSISTANCE CENTER OF MN 503 IRVING AVE NORTH MINNEAPOLIS MN 55405 363255880 501(C)(3) 19502 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT LIVEMORE PO BOX 10711 SAINT PAUL MN 55110 842537633 501(C)(3) 72000 N/A N/A FISCAL SPONSORSHIP PROGRAM MACROSTIE ART CENTER 405 NW 1ST AVE GRAND RAPIDS MN 55744 237105948 501(C)(3) 16333 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT MARKET ENTRY FUND 1136 GRAND AVENUE SAINT PAUL MN 55105 834587871 10100 N/A N/A FISCAL SPONSORSHIP PROGRAM MEWINZHA ONDAADIZIIKE WIIGAMING 1819 BEMIDJI AVE NORTH BEMIDJI MN 56601 462523191 501(C)(3) 16097 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT MINNEAPOLIS FOUNDATION (LATINO LEAD) 80 S 8TH ST STE 800 MINNEAPOLIS MN 55402 416029402 501(C)(3) 13333 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT - FISCAL FOR LATINO LEAD MINNESOTA INDIGENOUS BUSINESS ALLIANCE PO BOX 40354 SAINT PAUL MN 55104 815041824 501(C)(3) 85191 N/A N/A FISCAL SPONSORSHIP PROGRAM MPGL ENTERTAINMENT 4712 ZENITH AVE SOUTH MINNEAPOLIS MN 55410 841832278 501(C)(3) 25080 N/A N/A FISCAL SPONSORSHIP PROGRAM NEW NATIVE THEATRE TCTOCC PO BOX 40118 SAINT PAUL MN 55104 273901099 501(C)(3) 71525 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC NORTHERN EAGLE FEDERAL CREDIT UNION 5342 LAKESHORE DR NETT LAKE MN 55772 463975380 501(C)(3) 50000 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT PANGEA WORLD THEATRE TCTOCC 711 WEST LAKE STREET SUITE 101 MINNEAPOLIS MN 55408 411854164 501(C)(3) 71525 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) 260000 N/A N/A FISCAL SPONSORSHIP PROGRAM PARK SQUARE THEATRE 408 SAINT PETER ST SAINT PAUL MN 55102 411280683 501(C)(3) 21667 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) 13333 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) 120150 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC PROJECT IMPRINTZ 3133 EAST CALHOUN PARKWAY MINNEAPOLIS MN 55408 825305250 501(C)(3) 64737 N/A N/A FISCAL SPONSORSHIP PROGRAM PROPEL NONPROFITS (MNIBA) 1 SE MAIN STREET MINNEAPOLIS MN 55414 411916337 501(C)(3) 9406 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT - FISCAL FOR MN INDIGENOUS BUSINESS ALLIANCE QUALITY EDUCATION SERVICES 2828 UNIVERSITY AVE SE STE150 MINNEAPOLIS MN 55414 464014810 501(C)(3) 110344 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) 11695 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT SAHAN JOURNAL 370 WABASHA AT N STE 500 SAINT PAUL MN 55102 832745995 501(C)(3) 6812 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT SAHAN JOURNAL 370 WABASHA AT N STE 500 SAINT PAUL MN 55102 832745995 501(C)(3) 15180 N/A N/A FISCAL SPONSORSHIP PROGRAM SAINT PAUL NEIGHBORHOOD NETWORK 550 VANDALIA ST STE 170 SAINT PAUL MN 55101 411500773 501(C)(3) 23000 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT SOMALI COMMUNITY RESETTLEMENT SVCS 201 S LYNDALE AVE FAIRBAULT MN 55021 311668255 501(C)(3) 5851 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT SOO VISUAL ARTS CENTER 2909 BRYANT AVE SOUTH STE 101 MINNEAPOLIS MN 55438 411944443 501(C)(3) 16533 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) 28628 N/A N/A FISCAL SPONSORSHIP PROGRAM TEATRO DEL PUEBLO TCTOCC 209 PAGE ST W SUITE 208 SAINT PAUL MN 55107 411739320 501(C)(3) 71525 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) 15228 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM AND LOAN FUND EQUITY BUILER INFRASTRUCTURE GRANT THE WORKS 9740 GRAND AVE SOUTH BLOOMINGTON MN 55420 411570750 501(C)(3) 6667 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM THEATER MU INC 755 PRIOR AVE NORTH SAINT PAUL MN 55104 411727881 501(C)(3) 23333 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) 71525 N/A N/A FISCAL SPONSORSHIP PROGRAM - TWIN CITIES THEATER OF COLORS COALITION - TCTOCC THRIVE ED 3221 HAZELWOOD W MINNETONKA MN 55391 833718861 501(C)(3) 42424 N/A N/A FISCAL SPONSORSHIP PROGRAM TU DANCE 2121 UNIVERSITY AVE WEST SAINT PAUL MN 55104 202534129 501(C)(3) 10000 N/A N/A LOAN FORGIVENESS THROUGH EQUITY BUILDER LOAN PROGRAM WALKER WEST MUSIC ACADEMY 760 SELBY AVE SAINT PAUL MN 55104 411678368 501(C)(3) 13333 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) 13157 N/A N/A NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP) - CAPACITY BUILDING GRANT ZAMYA THEATER PROJECT 3501 CHICAGO AVE S MINNEAPOLIS MN 55407 832374869 77738 FISCAL SPONSORSHIP PROGRAM 38 17 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 0 0 0 0 0 0 0 0 0 JEAN ADAMS BOARD MEMBER 0 255060 0 0 0 1162 0 20922 0 30963 0 308107 0 0 KATE BARR PRESIDENT AND CEO 169775 0 0 0 0 0 8902 0 14835 0 193512 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 KATE BARR, PRESIDENT AND CEO OF PROPEL NONPROFITS, IS A BOARD MEMBER OF BOREALIS PHILANTHROPY, A NONPROFIT PHILANTHROPIC INTERMEDIARY ORGANIZATION WHOSE CEO, MAGUI RUBALCAVA SHULMAN, IS A BOARD MEMBER OF PROPEL NONPROFITS. 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. 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. FORM 990, PART VI, SECTION B, LINE 11B 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 11B THE AUDITED FINANCIAL STATEMENTS ON WHICH THE FORM 990 IS BASED, ARE PRESENTED TO THE FINANCE COMMITTEE BY THE AUDITORS. THE 990 IS PREPARED BY THE VICE PRESIDENT OF FINANCE AND CFO BASED ON THE AUDITED FINANCIAL STATEMENTS. THE 990 IS THEN REVIEWED BY THE FINANCE COMMITTEE AND PRESIDENT AND CEO. THE 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED BY ITS DEADLINE. 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. 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 827500 CASH RECEIVED