2020-02-07T14:33:23-07:00 2019-03-31 990 2018-04-01 411916337 PROPEL NONPROFITS PROP 6122496700 1 SE Main ST STE 600 Minneapolis MN 55414 Kate Barr President 6122496696 2020-02-10 173.160.123.25 2018 2020-09-23 17:36:50Z Kate Barr 1 SE Main Street Suite 600 Minneapolis MN 55414 8147322 0 X www.propelnonprofits.org X 1998 MN Our mission 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. See Schedule O for more information. 18 17 38 25 0 0 3719704 5598397 2382337 2523581 21032 25344 0 0 6123073 8147322 2411978 3460388 0 0 2308532 2592839 0 0 126576 2242382 1425873 6962892 7479100 -839819 668222 32125168 38277659 19095278 24579547 13029890 13698112 The mission of Propel Nonprofits is to fuel the impact and effectiveness of nonprofits with guidance, expertise, and capital. 0 0 1706720 375962 1705390 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 113 new loans in FY2019 totaling $20,791,943. 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. 2613186 2416997 205918 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. 1044548 637429 201833 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. 1231234 30000 435785 Other Program Services. 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. 1231234 30000 435785 6595688 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 26 0 1 38 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 18 17 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X Keven Ambrus 6122496664 1 SE Main ST STE 600 Minneapolis MN 55414 X Jean Adams Board Member 2 40 X 0 256222 45972 Paul Babcock Board Member 2 0 X 0 0 0 Heidi Christianson Board Member 2 0 X 0 0 0 Courtney Colby Board Member 2 0 X 0 0 0 Brad Kruse Board Member 2 0 X 0 0 0 Scott Marquardt Board Member 2 0 X 0 0 0 Sony Malhotra Board Member 2 0 X 0 0 0 David Mitchell Board Member 2 0 X 0 0 0 Marcus Owens Board Member 2 0 X 0 0 0 Patty Pannkuk Board Member 2 0 X 0 0 0 Magui Rubalcava Shulman Board Member 2 0 X 0 0 0 Gary Taverna Board Member 2 0 X 0 0 0 Bo Thao-Urabe Board Member 2 0 X 0 0 0 Diane Tran Board Member 2 0 X 0 0 0 Sarah Clyne Secretary 3 0 X X 0 0 0 Sean Kershaw Vice-Chairperson 3 0 X X 0 0 0 Beth Topoluk Treasurer 3 0 X X 0 0 0 Greg Zeller Chairperson 4 0 X X 0 0 0 Kate Barr President and CEO 40 0 X 162800 0 30518 Janet Ogden-Brackett Vice President of Lending 40 0 X 111814 0 25579 Curtis Klotz Vice President of Finance & Chief Financial Officer 40 0 X X 106730 0 15572 Keven Ambrus Vice President of Finance & Chief Financial Officer 40 0 X 6519 0 7659 387863 256222 125300 3 1 1 0 0 0 0 0 135225 1363626 4099546 19000 5598397 Loan Interest Revenue 522200 1590053 1590053 0 0 Loan Fee Revenue 522200 98277 98277 0 0 Client Fee and Contract Revenue 541900 803042 803042 0 0 Workshop and Training Fees 611430 30640 30640 0 0 1569 1569 0 0 2523581 25344 25344 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8147322 2548925 0 0 3460388 3460388 0 0 0 0 0 0 496737 287466 199977 9294 0 0 0 0 1594786 1299187 227312 68287 79740 64960 11366 3414 251554 195791 40668 15095 170022 123932 40233 5857 18821 1319 17502 0 6666 2588 4078 0 27935 343 27592 0 0 0 0 0 0 0 0 0 0 0 157819 104344 53475 0 28345 27208 180 957 77436 46889 28625 1922 78179 59978 15272 2929 0 0 0 0 200729 152784 40413 7532 35845 30876 2769 2200 0 0 0 0 27602 21362 4653 1587 428139 428139 0 0 0 0 0 0 199608 155033 37358 7217 11712 6089 5338 285 Provision for Loan Loss Reserve 113327 113327 0 0 Lending Expenses 5570 5570 0 0 Uncollectible Accounts Expense 0 0 0 0 Other Filing Fee Expense 8140 8115 25 0 7479100 6595688 756836 126576 4896631 4432280 1980395 1744312 1488089 875212 260015 124613 0 0 0 0 21876252 28809732 0 0 91230 89233 1420825 474374 1077752 946451 0 0 393993 1195015 0 0 60811 60811 32125168 38277659 722266 685326 0 0 8875 10675 0 0 996490 1133696 0 0 17367647 22749850 0 0 19095278 24579547 X 10519354 11008914 2510536 2689198 0 0 13029890 13698112 32125168 38277659 668222 0 0 0 0 0 X X 0 1 X 1 1 1 X 1676289 793565 7303225 3719704 5598397 19091180 0 0 0 0 0 0 0 0 0 0 0 0 1676289 793565 7303225 3719704 5598397 19091180 4456565 14634615 17672 15835 13904 21032 25344 93787 0 0 0 0 0 0 0 0 0 0 0 0 19184967 9024633 0.76282 0.70688 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 0 0 0 0 0 0 0 586929 96372 490557 0 833896 378002 455894 0 0 0 0 946451 0 0 X 8147322 0 0 0 0 0 8147322 0 0 0 8147322 7479100 0 0 0 0 0 7479100 0 0 0 7479100 Schedule D, 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. Schedule D, Part X, Line 2 - Propel Nonprofits is exempt from Income taxes under section 501(c)(3) of the Internal Revenue Service Code. It has been classified as a public charity that is not a private foundation under the Internal Revenue Code 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. 1 ANEW BAM 2355 Hwy 36 West Roseville MN 55113 473224688 501c3 33546 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Black Men Teach 215 10th Ave South Ste 712 Minneapolis MN 55415 831629682 501c3 24025 OUR MISSION is to improve academic success and life outcomes for black male elementary school students by building strategic community partnerships that create the environment and conditions where black male teachers can thrive. Break the Silence PO Box 17370 Lot 1851 Saint Paul MN 55117 812003541 83341 The mission of Break the Silence is to end rape culture, hold perpetrators accountable, and support survivors of sexual violence in healing. Coffee House Press 79 13TH AVE NE Ste 110 Minneapolis MN 55413 363332945 501c3 19667 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Commonweal Theatre Company 208 Parkway Ave N Lanesboro MN 55949 411796293 501c3 9055 Loan Fund Equity Builder Infrastructure Grant Community Dialogues with Multicultural Elders 951 Laurel Ave Saint Paul MN 55104 824349955 38245 To provide a powerful voice for elders to inform the community about their interests, needs and priorities and to explore how to advocate for those interests. Community Health Fund 5810 42nd Ave N Robbinsdale MN 55422 820728457 80537 Community Health Fund 2020's unique model builds capacity for its member clinics to serve their individual communities while creating a unified voice for the work of community clinics in the Twin Cities metro area. This model allows for CHF 2020 to raise general operating funds for all 13 clinics, allowing in-house development efforts to remain focused on program excellence. Cultural Diversity Resources 303 Roberts St N Fargo ND 58102 411896836 501c3 34663 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Cycling Without Age Twin Cities 2166 Randolph Ave Ste 1 Saint Paul MN 55105 832410091 11000 The right to wind in your hair. Offers recreational mobility to seniors, in the form of volunteer-piloted trishaw rides. Dave Alderson 3414 Polk St NE Minneapolis MN 55418 474783193 10000 Completing a Bush Foundation Community Innovation Grant around early childhood education specific to Friends, Family, and Neighbor providers in the Cedar Riverside/West Bank neighborhood of Minneapolis. Discapacitados Abriendose Caminos 107 S 7th Ave South Saint Paul MN 55075 411936762 501c3 30927 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Dream Of Wild Health 1308 E Franklin Ave Minneapolis MN 55404 411632662 501c3 44570 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant ElderCircle 1105 Nw 4Th St Grand Rapids MN 55744 411994691 501c3 10000 Social Enterprise Grant Family Freedom Center 2024 West Superior Street Duluth MN 55806 830943572 501c3 51010 Family Freedom Center seeks to empower the Black community by reconstructing socio-cultural narratives and unapologetically embracing what it means to be Black, both historically and present day. Family Values For Life 1280 Arcade St Saint Paul MN 55106 412006889 501c3 30023 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Film North 550 Vandalia Street Ste 120 Saint Paul MN 55114 411594894 501c3 6667 Loan forgiveness through Equity Builder Loan Program Foster Advocates 555 Wabasha St North Ste 110 Saint Paul MN 55102 825411160 204275 We foster advocacy, policy change, and organizing by partnering with current/former foster youth and impacted communities. Global Shapers Minneapolis Hub 3100 Longfellow Avenue Minneapolis MN 55407 296076152 12000 The Minneapolis Global Shapers are a bridge between those who lead change and those who wish to; Minneapolis Global Shapers are a bridge between those whose voices are powerful and those whose voices are under-represented. Green Card Voices 2854 Columbus Ave S Minneapolis MN 55407 463753490 501c3 46204 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Gutter Punk Coffee 3125 10th Ave South Ste 11 Minneapolis MN 55407 820734578 7579 Partnering with homeless youth to exit street-life through a supportive environment, gainful employment and positive relationships by establishing a sustainable, employee-focused coffee enterprise. Hallie Q Brown Community Center 270 N Kent St Saint Paul MN 55102 410693846 501c3 23000 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Hispanic Advocacy & Community Empowerment 2314 University Ave W Ste 12 Saint Paul MN 55455 411900934 501c3 36212 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Hnub Tshiab Hmong Women Achieving Together PO Box 14127 Saint Paul MN 55117 208964738 501c3 6318 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Illusion Theatre And School Inc 528 Hennepin Ave Ste 704 Minneapolis MN 55403 237392140 501c3 19667 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program In the Heart of the Beast 1500 East Lake Street Minneapolis MN 55407 411251313 501c3 20000 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Irreducible Grace Foundation 1637 Wilson Ave Saint Paul MN 55106 383895130 501c3 46011 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Juxtaposition Arts Inc 2007 Emerson Ave North Minneapolis MN 55411 411851915 501c3 39667 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Ka Joog Nonprofit Organization 419 Cedar Ave South Ste 257 Minneapolis MN 55454 392073475 501c3 12000 Loan Fund Equity Builder Infrastructure Grant Kootasca Community Action 201 NW 4th St Ste 130 Grand Rapids MN 55744 410904805 501c3 10000 Social Enterprise Grant La Oportunidad 2700 East Lake St Ste 3200 Minneapolis MN 55406 363537919 501c3 27327 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Lao Assistance Center Of MN 503 Irving Ave North Ste 100A Minneapolis MN 55405 363255880 501c3 30498 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant MacRostie Art Center 405 NW 1st Ave Grand Rapids MN 55744 237105948 501c3 13333 Loan forgiveness through the Equity Builder Loan Program and Social Enterprise Grant Manidoo Ogitigaan 10721 Radar Rd Northwest Bemidji MN 56601 824771865 501c3 15790 The mission of Manidoo Ogitigaan is to work with the community to preserve and revitalize the knowledge, language, culture, and ceremonies of the Anishinaabeg to improve our health and the health of our ecological family. Mentoring Young Adults 550 Rice St Ste 103 Saint Paul MN 55103 800298183 501c3 37200 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Mewinzha Ondaadiziike Wiigaming 1819 Bemidji Ave North Ste 3 Bemidji MN 56601 462523191 501c3 25696 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Minneapolis Foundation 80 S 8Th St Ste 800 Minneapolis MN 55402 416029402 11667 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant - Fiscal Sponsor for LatinoLEAD Minnesota Fringe Festival 79 13th Ave Northeast Ste 112 Minneapolis MN 55413 411734179 501c3 16333 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Minnesota Host Home Network dba CloseKnit 3748 Bryant Ave South Minneapolis MN 55409 474977811 85488 We catalyze system change for youth facing homelessness by championing lasting relationships with the caring adults already in their lives who are not their service providers. Minnesota Indigenous Business Alliance PO Box 40354 Saint Paul MN 55104 815041824 114017 Align partners and communities committed to the growth and success of native-owned businesses, entrepreneurs and artisans. Connect native-owned businesses, entrepreneurs, artisans to resources and providers that offer equitable access, are innovative and understand native business and communities. Monarch Joint Venture 20879 325th Ave Henderson MN 56044 831343107 36152 The Monarch Joint Venture serves a broad constituency of partner organizations and the general public to advance the science, education, and habitat conservation actions to benefit monarch butterflies and other pollinators. New Native Theatre TCTOCC PO Box 40118 Saint Paul MN 55104 273901099 501c3 61000 TCTOCC was founded in 2014 to build knowledge, capacity, and to take responsible action around the challenges and opportunities of diversification in the contemporary theatre landscape. New York Mills Arts Retreat 24 North Main Ave PO Box 246 New York Mills MN 56567 411690163 501c3 13000 Loan Fund Equity Builder Infrastructure Grant One Minnesota Org 2112 Russell Ave North Minneapolis MN 55411 812392014 19700 Civic engagement and empowerment of Minnesotans to establish mutual prosperity and a shared vision towards racial equity and social, and economic inclusion. Pangea World Theatre TCTOCC 711 West Lake Street Suite 101 Minneapolis MN 55408 411854164 501c3 61000 TCTOCC was founded in 2014 to build knowledge, capacity, and to take responsible action around the challenges and opportunities of diversification in the contemporary theatre landscape. Parents Radically Organized 1360 University Ave W Ste 422 Saint Paul MN 55114 832120537 170000 Empower low-income parents and parents of color to advocate for high-quality education for their children. Park Square Theatre 408 Saint Peter St Ste 110 Saint Paul MN 55102 411280683 501c3 13000 Loan Fund Equity Builder Infrastructure Grant Partnerships for Permanence 345 Cedar St Ste 808 Minneapolis MN 55101 364861270 25150 Our mission of raising awareness and actively working to improve the child welfare system. Penumbra Theatre Company 270 North Kent Street Saint Paul MN 55102 411563764 501c3 26333 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Penumbra Theatre Company TCTOCC 270 North Kent Street Saint Paul MN 55102 411563764 501c3 86000 TCTOCC was founded in 2014 to build knowledge, capacity, and to take responsible action around the challenges and opportunities of diversification in the contemporary theatre landscape. Pillsbury United Communities 125 West Broadway Ste 130 Minneapolis MN 55411 410916478 501c3 39667 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Project Imprintz 3133 East Calhoun Parkway Minneapolis MN 55408 825305250 109118 Offering a creative way to bring art to children with life-limiting illnesses, whose lives can be limited to home and hospital. We will offer them an expressive respite from the day to day challenges while providing an opportunity to create a legacy gift for/with their families. Propel Nonprofits 1 SE Main Street Suite 600 Minneapolis MN 55414 411916337 501c3 35506 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant - Fiscal Sponsor for MN Indian Business Alliance Quality Education Services of MN Inc 2828 University Ave SE Ste150 Minneapolis MN 55414 464014810 501c3 381935 Quality Education Services of MN's mission is a just society where all children have an equal opportunity to succeed and older adults are valued. Reviving the Islamic Sisterhood for Empowerment 1007 West Broadway Ave N Minneapolis MN 55411 811236990 501c3 196259 Reviving the Islamic Sisterhood for Empowerment is on a mission to amplify the voice and power of Muslim women. Solutions Not Suspensions Coalition 1611 Park Avenue Minneapolis MN 55404 832238254 30000 A coalition of individuals and organizations committed to ending the school to prison pipeline and exclusionary discipline practices. Somali American Community - KALY Radio 301 E Lake Street South Ste209 Minneapolis MN 55408 800207058 501c3 26000 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Somali Community Resettlement Svcs 201 S Lyndale Ave Faribault MN 55021 311668255 501c3 33740 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Somali Family Life Center 400 Cedar Ave S Minneapolis MN 55454 411904979 501c3 45907 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant - Fiscal Sponsor for MN Minority Childcare Association Soo Visual Arts Center 2909 Bryant Ave South Ste 101 Minneapolis MN 55438 411944443 501c3 11467 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Springboard For The Arts 308 Prince St Ste 270 Saint Paul MN 55101 411690483 501c3 20810 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant - Fiscal Sponsor for Public Functionary Tanka Fund 287 Water Tower Road Kyle SD 57752 825315136 322396 Our mission is to return buffalo to Native American lands, lives and economies. Teatro Del Pueblo TCTOCC 209 Page St W Suite 208 Saint Paul MN 55107 411739320 501c3 61000 TCTOCC was founded in 2014 to build knowledge, capacity, and to take responsible action around the challenges and opportunities of diversification in the contemporary theatre landscape. The Cedar Cultural Center Inc 416 Cedar Ave South Minneapolis MN 55454 411669156 501c3 7773 Loan Fund Equity Builder Infrastructure Grant The Works 9740 Grand Ave South Bloomington MN 55420 411570750 501c3 19667 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Theater Mu Inc 755 Prior Ave North Ste 107 Saint Paul MN 55104 411727881 501c3 36333 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program Theater Mu Inc TCTOCC 755 Prior Ave N Suite 107 Saint Paul MN 55104 411727881 501c3 61000 TCTOCC was founded in 2014 to build knowledge, capacity, and to take responsible action around the challenges and opportunities of diversification in the contemporary theatre landscape. TU Dance 2121 University Ave West P O Box 40405 Saint Paul MN 55104 202534129 501c3 13000 Loan Fund Equity Builder Infrastructure Grant Walker West Music Academy 760 Selby Ave Saint Paul MN 55104 411678368 501c3 26333 Loan Fund Equity Builder Infrastructure Grant and loan forgiveness through the Equity Builder Loan Program WE WIN Institute Inc 3751 17th Ave South Minneapolis MN 55407 411820991 501c3 34605 Nonprofit Infrastructure Grant Program (NIGP) - Capacity Building Grant Young Muslim Collective 351 Naegele Ave Minneapolis MN 55421 821991646 14615 By creating a space of engagement, Young Muslim Collective's mission is to aid Muslim youth who are subjected to racism and faith-based hate by promoting arts, healing, activism, outreach, and advocacy. ZTP dba zAmya Theater Project 3501 Chicago Ave S Minneapolis MN 55407 832374869 32505 Advocate for and dignify individuals experiencing homelessness through engaging those individuals in theatre. 51 20 Schedule I, 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. 0 0 0 0 0 0 0 0 0 Kate Barr President and CEO 162800 0 0 0 0 0 8592 0 21926 0 193318 0 0 0 Jean Adams Board Member 0 256222 0 0 0 0 0 20922 0 25050 0 302194 0 0 Schedule J, Part I, Line 3 - 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 and HR compensation consultant, considers salaries of CEOs 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 2018. No changes to the president and CEO's salary have occurred since that time. Form 990, Part I, Line 1 - (continued from Part I, Line 1) 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. Form 990, Part I, Line 8 - Properly Nonprofits regularly receives large, multi-year grants that appear as significant changes in contributions and grants from one year to the next. Because some of these grants have donor restrictions that limit their use to certain programs or to certain periods of time, these large, multi-year grants may also cause the total revenue less expenses or net income to appear negative one year, then positive the next, and back and forth. In FY2019, our total change in net assets is a positive $668,222 and our change in net assets without donor restriction (the more accurate measure of a nonprofit's annual operating results), is a positive 489,560. For a more complete picture of Propel Nonprofits' operating activity, please see our annual audited financial statements as made available at our website, www.propelnonprofits.org Form 990, Part I, Line 19 - Properly Nonprofits regularly receives large, multi-year grants that appear as significant changes in contributions and grants from one year to the next. Because some of these grants have donor restrictions that limit their use to certain programs or to certain periods of time, these large, multi-year grants may also cause the total revenue less expenses or net income to appear negative one year, then positive the next, and back and forth. In FY2019, our total change in net assets is a positive $668,222 and our change in net assets without donor restriction (the more accurate measure of a nonprofit's annual operating results), is a positive 489,560. For a more complete picture of Propel Nonprofits' operating activity, please see our annual audited financial statements as made available at our website, www.propelnonprofits.org Form 990, Part IV, Line 12a Propel Nonprofits issues its own audited financial statements. Though operating wholly independently, Propel Nonprofits is technically a subsidiary organization of The Minneapolis Foundation. The Minneapolis Foundation approves a bare majority of the slate of board members of Propel Nonprofits. Because of this structure, The Minneapolis Foundation consolidates Propel Nonprofits' financials in its audited financial statements. Form 990, Part VI, Section A, Line 2 - Kate Barr, President and CEO of Propel Nonprofits, is a board 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 audited financial statements on which the Form 990 is based, are presented to the Finance Committee in June 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 12c - 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. Ne 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 disclosed 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 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 2018. 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, Part VII, Section A, Line 1a - Jean Adams, Senior Vice President, Strategy and Chief Operating Officer of The Minneapolis Foundation, serves on the Propel Nonprofits board of Directors. Because Propel Nonprofits is a subsidiary of The Minneapolis Foundation, Ms. Adams compensation by The Minneapolis Foundation is listed here as that of a related organization. Form 990, Part XII, Line 1 - While Propel Nonprofits did not change its method of accounting and maintains its books on an accrual basis, it has adopted FASB Accounting Standards Update 2016-14 Presentation of Financial Statements of Not-for-Profit Entities. This adoption related to the audited financial statements does not affect the preparation or presentation of this IRS Form 990. Visit our website at www.propelnonprofits.org to see our FY2019 audited financial statements using the FASB standards. The Minneapolis Foundation 80 South 8th Street IDS Center 800 Minneapolis MN 55402 416029402 Philanthropy MN 501(c)(3) 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 84975 Propel Nonprofits received one grant in the amount of $50,000 for program services and additional grants totaling $84,975 for the fiscal sponsorship fund from The Minneapolis Foundation in FY2019. The program service grant of $50,000 was for support work with charter schools. The grants for fiscal sponsorship supported the work of Community Health Fund, Project Imprintz, Break the Silence, Black Men Teach, Reviving the Islamic Sisterhood for Empowerment, and MPGL Entertainment. The Minneapolis Foundation p 14861 For efficiency of scale, Propel Nonprofits purchases its business liability and workers compensation insurances in conjunction with The Minneapolis Foundation. This amount represents Propel Nonprofits' proportionate share of the premiums for these insurances.