2017-08-15T12:58:22-07:00 2017-03-31 990 2016-04-01 411916337 NONPROFITS ASSISTANCE FUND NONP 6122496684 1 SE Main ST STE 600 Minneapolis MN 55414 Kate Barr President 6122496684 2017-08-15 173.160.123.25 2016 2021-01-29 14:40:06Z X Kate Barr 1 SE Main Street STE 600 Minneapolis MN 55414 9358111 0 X www.nonprofitsassistancefund.org X 1998 MN Our mission is to fuel the effectiveness of nonprofits with guidance, expertise and capital. NAF 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. 20 19 15 34 0 0 793565 7303225 1379966 1544974 15835 45805 2229 0 2191595 8894004 0 1546248 0 0 1008415 1431916 0 6800 44757 863037 1216583 1871452 4201547 320143 4692457 23436143 28055965 14258891 14186256 9177252 13869709 X The mission of Nonprofits Assistance Fund is to fuel the effectiveness of nonprofits with guidance, expertise, and capital. 1 0 1176387 0 1236568 Lending Program. As a Community Development Financial Institution (CDFI) certified by the US Treasury, Nonprofits Assistance Fund 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. Historically underserved by traditional credit markets, Nonprofits Assistance Fund makes loans to nonprofits of all sizes and stages of development. Loans are as large as $1 million and as small as $10,000. Our products are flexible and tailored to meet the needs of each individual client. In FY2017, we made 111 new loans totaling $15,406,575. 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 $29 million into the community. 1513024 1476248 37647 Since the merger of Nonprofits Assistance Fund and MAP for Nonprofits effective January 1, 107, 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 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. NAF accepts charitable grants and contributions on behalf of these projects. These funds are treated as contributions with donor restrictions when received by NAF. These funds are released from restriction as NAF in turn grants them to the fiscally sponsored recipients. NAF 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 NAF in which NAF administers the funds on behalf of the client. If the client chooses to have NAF administer its funds, those funds become a liability of NAF and are recorded as such for accounting purposes. The arrangement includes NAF holding the client's funds in an 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 while NAF provides organizational and accounting support to the client. 386708 70000 13495 Special Initiatives. Nonprofits Assistance Fund provides on-going training, consulting, and technical assistance to groups of nonprofits based either on geographic location (such as Itasca County, MN) or sector (such as arts and culture). While these services have been offered for a number of years, there was increased programming this year in the area of Social Enterprise. During FY2017, NAF provided training and consulting to cohorts of nonprofits in Little Falls, Saint Paul, and Duluth that were exploring social enterprise as an alternative revenue generating option. In addition, NAF continued its learning sessions, consulting, technical assistance, and executive director cohort in Grand Rapids; conducted trainings and provided technical assistance for nonprofits in Western North Dakota; and continued its partnership with the Arts Midwest ArtsLab program. 220613 0 38565 Training and Knowledge Sharing. As a result of its merger in January 2017, Nonprofits Assistance Fund (NAF) integrated its high-quality financial training with the outstanding governance and leadership training of MAP for Nonprofits (MAP), providing new resources for nonprofit organizations across Minnesota, surrounding states, and nationwide. Our trainers presented in-person workshops, live webinars, conference sessions, and speaking engagements that impacted over 5,025 people at 149 events in FY2017. Our annual Nonprofit Finance and Sustainability Conference was attended by more than 450 individuals representing hundreds of nonprofits throughout our service area. The educational growth this program facilitates builds the leadership and mission effectiveness of the entire nonprofit sector. While we worked to create a mutual brand, name and logo - both merged organization's websites ran parallel and were visited by tens of thousands of individuals this year. Visitors accessed our impressive array of downloads, videos, articles, blog posts and other nonprofit financial management and capacity building tools and information. 388394 0 264320 Other Program Services. As a result of the business combination between Nonprofits Assistance Fund (NAF) and MAP for Nonprofits (MAP) effective January 1, 2017, the combined organization 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 strategic consulting services, outsourced accounting and financial services, and incorporation services for startup organizations. Customized technical assistance 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. NAF's education and training program provides workshops on topics related to board governance, financial management and leadership for directors, board members, and staff and volunteers. NAF hosts an annual conference on Nonprofit Finance and Sustainability. Other knowledge sharing activities include developing and distributing articles, guidance, templates, and analysis on topics relevant for nonprofits for managing and planning financial practices, planning, governance, and strategy. 609007 0 302885 3685126 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 29 0 1 15 1 0 0 0 0 0 0 0 0 0 0 X 20 19 1 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X Curtis Klotz 6122496664 1 SE Main ST STE 600 Minneapolis MN 55414 X Jean Adams Board Member 2 37.5 X 0 230007 45955 Paul Babcock Board member 2 0 X 0 0 0 Ralph Bernstein Board Member 2 X 0 0 0 Heidi Christianson Board member 2 0 X 0 0 0 Courtney Colby 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 Patty Pannkuk Board member 2 0 X 0 0 0 Ron Price 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 Sarah Clyne Secretary 3 0 X 0 0 0 Sean Kershaw Vice-Chairperson 3 0 X 0 0 0 Beth Topoluk Treasurer 3 0 X 0 0 0 Greg Zeller Chairperson 4 0 X 0 0 0 Kate Barr President and CEO 40 0 X 158244 0 28988 Curtis Klotz Chief Financial Officer & VP of Finance 40 0 X 90283 0 20808 Janet Ogden-Brackett Vice-President of Lending 40 0 X 104721 0 22042 353248 230007 117793 2 0 1 0 0 0 0 125000 1750000 5428225 0 7303225 Loan Interest Revenue 522200 1091894 1091894 0 0 Loan Fee Revenue 522200 75932 75932 0 0 Client Fee and Contract Revenue 541900 351913 351913 0 0 Workshop and Training Fees 611430 23400 23400 0 0 1835 1835 0 0 1544974 13904 13904 0 0 0 0 0 0 0 0 0 0 0 0 0 496008 0 464107 0 31901 31901 31901 0 0 0 0 8894004 1590779 0 0 1546248 1546248 0 0 0 0 0 0 463604 275521 161673 26410 0 0 0 0 755431 668741 82044 4646 30484 25336 4971 177 91695 77397 14062 236 90702 71119 17558 2025 9894 339 9555 0 68251 7251 61000 0 23614 2977 20637 0 0 0 0 0 6800 6800 0 0 0 0 224764 215355 8865 544 17874 10575 7187 112 60977 38806 21176 995 56807 38305 17871 631 0 0 0 0 84233 60459 22545 1229 30765 27672 3064 29 0 0 0 0 25907 22121 3779 7 301546 301546 0 0 0 0 0 0 50146 40085 9156 905 7020 488 6521 11 Provision for Loan Loss Reserve 248896 248896 0 0 Lending expenses 5889 5889 0 0 4201547 3685126 471664 44757 888830 1876241 2218883 5967040 49836 1766546 108123 234320 0 0 0 0 19610516 17844073 0 0 32395 200783 424774 318623 63453 106151 0 0 0 0 0 0 0 0 464107 60811 23436143 28055965 164625 271267 0 0 5420 3110 0 0 0 950381 0 0 2500000 0 11488846 12961498 100000 0 14258891 14186256 X 8636032 9168761 541220 4700948 0 0 9177252 13869709 23436143 28055965 4692457 0 0 0 0 0 X X 0 1 X 1 0 X 0 2313673 252687 1676289 793565 7303225 12339439 0 0 0 0 0 0 0 0 0 0 0 0 2313673 252687 1676289 793565 7303225 12339439 3746101 8593338 27025 23960 17672 15835 13904 98396 0 0 0 0 0 0 0 0 0 0 0 0 12437835 6094739 0.69090 0.7173 X Schedule A, Part I, Line 7 Nonprofits Assistance Fund filed IRS Form 8940 to reclassify its status as an organization described in Code Sections 509(a)(1) and 170(B)(1)(A)(vi). Prior to this request, NAF had been classified as a Type I supporting organization of The Minneapolis Foundation. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 0 0 0 0 0 0 0 98652 82558 16094 0 326122 236065 90057 0 0 0 0 106151 0 0 X 8894004 0 0 0 0 0 8894004 0 0 0 8894004 4201547 0 0 0 0 0 4201547 0 0 0 4201547 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 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. NAF accepts charitable grants and contributions on behalf of these projects. These funds are treated as contributions with donor restrictions when received by NAF. These funds are released from restriction as NAF in turn grants them to the fiscally sponsored recipients. NAF 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 NAF in which NAF administers the funds on behalf of the client. If the client chooses to have NAF administer its funds, those funds become a liability of NAF and are recorded as such for accounting purposes. The arrangement includes NAF holding the client's funds in an 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. NAF simply executes the mechanics of the transactions. As of March 31, 2017, the first year end with this program under NAF, the total liability of Funds Managed for Fiscally Sponsored Clients is $950,381. Schedule D, Part X, Line 2 NAF 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. NAF is also exempt from state income taxes. NAF evaluated its tax positions and determined that it has no uncertain tax positions. 1 Coalition of Asian American Leaders PO Box 211211 Saint Paul MN 55121 810874603 296772 The Coalition of Asian American Leaders (CAAL) is an effort led by local Asian American leaders in Minnesota who are leveraging their assets to harness power to build unity, cohesion, and common agendas to advance equity in the State. Literacy Matters Foundation 4311 Upton Ave South STE 2 Minneapolis MN 55410 812943386 501(c)(3) 192951 The Literacy Matters Foundation 501 (c)(3) is a team of teachers, content experts, technology gurus and strategist who help students master literacy. By building educational software based on proven pedagogic techniques, we bring personalized reading and writing instruction to empower emerging readers. Our technology-driven literacy program uses cognitive technology to assess students' reading abilities and flag problem areas. Lessons are designed to prove individualized instruction to students and help them master language in a gamified format. By applying technology to literacy instruction, we can deliver research-based, personalized instruction to more students and ensure all emerging readers have the best possible reading instruction. Quality Education Services of MN Inc 1731 Louise Avenue Saint Paul MN 55106 464014810 501(c)(3) 174781 The program is an inter-generational volunteer-based tutoring program that is proven to help children who aren't reading at grade level become great readers by the end of third grade. We inspire and empower adults 50 and older to serve in their community and disrupt the cycle of poverty by making a lasting difference in the lives of America's most vulnerable children. Reviving the Islamic Sisterhood for Empowerment 1007 West Broadway Ave N Minneapolis MN 55411 811236990 125507 The mission of RISE is to amplify the voice and power of Muslim women through leadership development, community engagement and philanthropy. We train and equip women with the necessary skills to engage and participate in civil life, become part of the solution-creating decision making process, and improve society as a whole. Creative Enterprise Zone 2344 University Ave W Saint Paul MN 55114 473199574 93338 The Creative Enterprise Zone, located mid-city between Saint Paul and Minneapolis, has the goal to be a recognized center of creativity and enterprise, a place where people make a living by their creative capacities. Association for Black Economic Power 5800 Vincent Ave South Minneapolis MN 55410 815486146 84390 This project builds financial power and access in the North Minneapolis community. Sauer Collaborative for Child Well-Being 952 Grand Ave Saint Paul MN 55105 999999999 83161 CWP is a collaborative effort involving 30-40 people who interact in various ways with the child welfare system in Minnesota who are committed to improving that system. The work is divided between four work teams, which will identify the desirable metrics related to solutions, assess what standards currently exist in state law and regulation, build a statewide resource identifying where good outcomes are occurring and what practices are having these results, and to develop a data system that supports welfare system workers to adopt these practices and achieve these outcomes. Association is in process of requesting EIN. Minnesota Indian Business Alliance PO Box 1902 Detroit Lakes MN 56502 815041824 63155 To Align Partners, Connect Business to Resources, and Transform Native Economies. To build resources and partners near tribal communities that will benefit entrepreneurs and tribal leaders. To build capacity in the area of business resources, access to capital, infrastructure and governance. To build capacity in their partners on how to work successfully in Indian country. Break the Silence PO Box 17370 Lot 1851 Saint Paul MN 55117 812003541 56707 The mission of Break the Silence is to end rape culture, hold perpetrators accountable, and support survivors of sexual violence in healing. We do this by creating spaces where survivors can speak truth to atrocity and organize for social change. Our current activities include hosting community truth-telling events, building a memorial for survivors in the Minneapolis park system, coordinating a private online support group, continuing a faces-of-survivors photography project, directing a choir of survivors called "Survivor Voices," and organizing protests. Pollen Midwest 701 N 3rd ST STE 204 Minneapolis MN 55401 463868459 501(c)(3) 53383 Pollen is a digital platform dedicated to building better-connected communities. Glitch 1829 Riverside Avenue STE 200 Minneapolis MN 55454 474123991 51413 GLITCH is home to hundreds of members with diverse backgrounds who actively engage in numerous video gaming initiatives and activities throughout the year. We offer access to many resources including our weekly lounge, extensive video game library, game making hardware/software, exciting events, and networking opportunities within the industry. Upper Midwest Healthcare Legal Partnership Learning Collaborative 10623 Nyberg Ave S Hastings MN 55033 999999999 42310 Group of healthcare and legal champions who collaborate to improve health by advancing justice. Specifically, Healthcare Legal Partnerships (HLPs) integrate legal services into healthcare delivery to help people facing crises that harm health. Association is in process of requesting EIN. Global Shapers Minneapolis 250 3rd Ave N STE 550 Minneapolis MN 55401 463380073 37719 The Global Shapers Community is a network of Hubs developed and led by young people who are exceptional in their potential, their achievements and their drive to make a contribution to their communities. Northside Educational Alliance 1222 Vincent Avenue N Minneapolis MN 55411 471497343 29203 NEA's mission is to nurture a culture of high expectations through academic placement services, youth enrichment activities, workshops, advocacy, networking, and community building. OTA 326 E 8th Street STE 105 Sioux Falls SD 57103 811051956 25633 Since 2009, OTA has served as a collaborative network for the region?s creative class. We offer extraordinary experiences and engagements that educate, empower and serve as a catalyst for community-builders and thought leaders to improve the lives of all people living in MinnesOTA, North DakOTA and South DakOTA. Through storytelling, events and micro-documentary films, we support those thriving in our communities, we champion their work and we celebrate their passions. Saluting Branches 11571 K Tel Dr Minnetonka MN 55343 371834210 20549 Mission: To create a charitable effort led by people in the forestry/tree service industry to provide volunteer-based tree and shrub care to veteran cemeteries. Partnerships for Permanence 4725 17th Ave S Minneapolis MN 55407 364861270 14113 Partnerships for Permanence is committed to working together with foster care alumni and adoptees to raise awareness and actively work to improve the child welfare system. We strive to involve adults and young people equally in our work. Our goal is to teach adult professionals how to better advocate for young people through skills-building workshops around communication, advocacy, and shared leadership. African American Leadership Forum 222 S 9th Street STE 1600 Minneapolis MN 55443 472200830 501(c)(3) 13332 AALF's universal goal is a just and healthy society that works equally well for everyone. Second to that, we strive for a vital and healthy African American community that uplifts the rest. Minnesota Host Home Network 3748 Bryant Ave S Minneapolis MN 55409 474977811 11270 The Minnesota Host Home Network supports tribal nations and rural, suburban, and urban communities in connecting youth experiencing homelessness with caring adults who provide housing in their homes and a stable presence. We facilitate networking and training opportunities for current and aspiring Host Home programs, research best practices, and create a clearinghouse of resources. Asian Economic Development Association 377 University Ave W STE D Saint Paul MN 55103 411911474 501(c)(3) 10000 The grant is in support of recipient exploring social enterprise. AEDA's mission is to cultivate vibrant, diverse communities by creating economic opportunities. We envision thriving, sustainable neighborhoods with strong community leadership and economic justice. African American Development Solutions 1821 University Ave W STE 145 Saint Paul MN 55104 800345712 10000 The grant is in support of the recipient exploring social enterprise. African Economic Development Solutions (AEDS) builds wealth within African immigrant communities. We accomplish our mission by using business development and homeownership strategies that are informed by creative placemaking and cultural assets. AEDS works throughout the Twin Cities metropolitan area. Compas Inc 75 5th St W STE 304 Saint Paul MN 55102 411228092 501(c)(3) 10000 The purpose of the grant is for the recipient to explore social enterprise. COMPAS uses the arts to unleash the creativity within all of us so we can create better lives and better communities. Elpis Enterprises 550 VANDALIA ST Saint Paul MN 55114 562318910 501(c)(3) 10000 The purpose of the grant is for the recipient to explore social enterprise. Elpis Enterprises is a youth development organization focusing on youth employment training and small business education. We conduct in-house workshops and community building activities at offsite locations. Dream of Wild Health 1308 FRANKLIN AVE STE 203 Minneapolis MN 55404 411632662 501(c)(3) 10000 The purpose of the grant is for the recipient to explore social enterprise. Dream of Wild Health's mission is to help American Indian people achieve economic, emotional and cultural balance. Portico Healthnet 1600 UNIVERSITY AVE W STE 211 Saint Paul MN 55104 411814659 501(c)(3) 10000 The purpose of the grant is for the recipient to explore social enterprise. The mission of Portico Healthnet is to reduce the number of people without coverage for health care services in the Twin Cities metropolitan area. Cycles for Change 712 University Ave W Saint Paul MN 55104 411816453 501(c)(3) 10000 The purpose of the grant is for the recipient to explore social enterprise. The mission of Cycles for Change is to build a diverse and empowered community of bicyclists. 11 15 Schedule I, Part I, Line 2 Grants are made to client participants in our Social Enterprise Cohort, Equity Builder Loan Program, and Fiscal Sponsorship Program. In all three of these programs, clients must apply and are vetted for fit and probable success in each respective program. 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 are monitoring their progress as such. Each applicant to become a fiscally sponsored project 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 our organization to provide ongoing program and accounting support. As such, these grantees are constantly monitored as they are supported. Our fiscal sponsorship program activities include, but are not limited to, the following: support for organizational requirements during onboarding; access to no cost or discounted trainings; guidance on financial management, governance, and strategy; opportunity to obtain no cost or discounted consulting support; invitations to participate in peer learning and collaboration; and additional technical assistance provided by our staff. Activities of the fiscal sponsorship program and status of grantee projects shall be monitored by the Fiscal Sponsorship Program Manager and staff and periodically reported to the Fiscal Sponsorship Committee and Board of Directors. At a minimum, quarterly reports shall be made to the Fiscal Sponsorship Committee and to the Board of Directors. X X X 0 0 0 0 0 0 0 0 0 Kate Barr President and CEO 150744 0 7500 0 0 0 8723 0 20265 0 187232 0 0 0 Jean Adams Board Member 0 230007 0 0 0 0 0 19042 0 26912 0 275961 0 0 Schedule J, Part I, Line 3 The executive committee of the Nonprofits Assistance Fund 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 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 September 2016. At that time the president and CEO's salary was adjusted retroactively to April 1, 2016, the beginning of the 2017 fiscal year. No changes to the president and CEO's salary have occurred since that time. The next review is scheduled for Fall 2017. Form 990, Part I, Line 8 NAF 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 are restricted by the donor to use in certain programs or to use at 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. For a more complete picture of NAF's operating activity, please see our annual audited financial statements as made available at our website, www.nonprofitsassistancefund.org Form 990, Part I, Line 19 NAF 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 are restricted by the donor to use in certain programs or to use at 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. For a more complete picture of NAF's operating activity, please see our annual audited financial statements as made available at our website, www.nonprofitsassistancefund.org Form 990, Part III, Line 2 Effective January 1, 2017, NAF merged with MAP for Nonprofits, another 501(c)(3) nonprofit organization with a complementary mission. As a result of the merger, the combined organization offers a number of additional programs and services. We now offer strategic consulting services and outsourced accounting and financial services to nonprofits. We have added expanded training opportunities that now include board governance. We provide incorporation services for startup organizations. We also act as a fiscal sponsor to emerging projects, programs, and potential organizations as a pathway for charitable giving that can help develop innovative responses to unmet community needs. Form 990, Part IV, Line 12a Nonprofits Assistance Fund issues its own audited financial statements. However, as stated in the Bylaws of NAF, The Minneapolis Foundation (TMF) retains the right to elect a bare majority of NAF's board of directors. As a result of maintaining majority control of NAF, TMF consolidates NAF's financials in its audited financial statements. Form 990, Part VI, Section A, Line 2 Kate Barr, president of Nonprofits Assistance Fund, is a board member of Borealis Philanthropy, a nonprofit philanthropic intermediary organization whose executive director, Magui Rubalcava Shulman, is a board member of Nonprofits Assistance Fund. Form 990, Part VI, Section A, Line 4 Effective January 1, 2017, Nonprofits Assistance Fund (NAF) entered into a business combination with MAP for Nonprofits (MAP), another 501(c)(3) domiciled in the State of Minnesota. NAF remained the surviving entity, retaining its corporate standing and tax-exempt status. As part of the merger process, on December 8, 2016, NAF adopted resolutions of Approval of Merger and Public Charity Status Change. This approved the merger with MAP and approved the application to the IRS to reclassify NAF as an organization described in Section 170(b)(1)(A)(vi) of the Internal Revenue Code. This represents a change from NAF's previous status as a Type I Supporting Organization of The Minneapolis Foundation (TMF). Also as part of the merger, amended Articles of Incorporation were adopted and filed with the Minnesota Secretary of State effective January 1, 2017 that removed stipulations that NAF act as a supporting organization of TMF. The amended Articles of Incorporation also removed stipulations that members of NAF's Board of Directors must be elected by the Board of Trustees of TMF. However, the amended Articles of Incorporation refer the matter of the method and manner of electing the NAF Board of Directors to the Bylaws of NAF. In the bylaws, which were also amended as part of the merger process, TMF retains the right to elect the smallest number of directors necessary so that a majority of the directors of NAF shall have been elected by the Board of Trustees of TMF. Practically speaking, this maintains the parent-subsidiary relationship between NAF and TMF by allowing TMF to elect the bare majority of NAF's board directors. In practice, the NAF board has recruited and selected its board members and submitted them to TMF's Board of Trustees for approval. Another change to the Bylaws of NAF at the time of the merger was to create separate Secretary and Treasurer officer positions on the board. Previously the Secretary and Treasurer roles were combined into a single position. While no change was made to the Articles of Incorporation or Bylaws of NAF where it concerned the minimum number of board members required, at the time of the merger 8 board members of NAF were joined by 8 board members of MAP to form the initial board of directors of the newly merged entity. Form 990, Part VI, Section A, Line 7a As summarized from the Nonprofits Assistance Fund (NAF) Bylaws: The Board of Trustees of The Minneapolis Foundation (TMF) shall at all times have the right to elect the smallest number of directors of the NAF board as necessary so that a majority of all the directors have been elected by the Board of Trustees of TMF. All other directors of this corporation shall be elected by the Board of Directors of NAF. In practice, NAF recruits and selects its own board members and forwards the slate to the Board of Trustees of TMF for approval. Form 990, Part VI, Section A, Line 7b Summarized from the Nonprofits Assistance Fund (NAF) Bylaws: The Board of Directors of NAF may amend the Articles of Incorporation and these Bylaws; provided, however, that amendments that would affect the rights of The Minneapolis Foundation (TMF) to appoint directors of the corporation will not be effective unless such amendments have been approved by the Executive Committee of TMF. Form 990, Part VI, Section B, Line 11b The audited financial statements of the organization, on which the Form 990 financial information is based, are presented to the Finance Committee in June by the auditors. The 990 is prepared by the Chief Financial Officer of NAF based on the audited financial statements and additional information. The 990 is reviewed by the President, then distributed to the Board of Directors prior to its August board meeting, which is prior to the submission deadline for the 990. At its August meeting, the Board is asked to acknowledge its receipt and review of the 990 prior to submission to the IRS. Form 990, Part VI, Section B, Line 12c Nonprofits Assistance Fund's conflict of interest policy is reviewed annually by all employees and board members. Each staff member and board member is required to disclose any dualities of interest in writing. New employees and board members review the policy and disclose 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 15 The executive committee of the Nonprofits Assistance Fund 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 considers salaries of CEOs in peer organizations with comparable experience, consults survey data of nonprofit executives, and reviews the history of the CEO's compensation. The president and CEO's salary was last reviewed and increased in September 2016, effective to April 1, 2016, the start of the 2017 fiscal year. No changes to the president and CEO's salary have occurred since that time. Form 990, Part VI, Section C, Line 19 Nonprofits Assistance Fund makes its governing documents and conflict of interest policy available to anyone upon request. NAF governing documents include its articles of incorporation, bylaws, and IRS Form 1023. NAF financial statements, annual reports, and quarterly investor reports are available to the public via its website. NAF 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, Chief Operating Officer of The Minneapolis Foundation (TMF), serves on the Nonprofits Assistance Fund (NAF) board of directors. Because TMF maintains the right to elect the bare majority of NAF's board, Ms. Adams' compensation is listed here as that of a related organization. Form 990, Part XII, Line 1 While Nonprofits Assistance Fund did not change its method of accounting and maintains its books on an accrual basis, it did choose to become an early adopter of new FASB Accounting Standards Update 2016-14 Presentation of Financial Statements of Not-for-Profit Entities. This change in accounting principle affects NAF's audited financial statements, but does not affect the preparation or presentation of the IRS Form 990. Visit our website at www.nonprofitsassistancefund.org to see our FY2017 audited financial statements using these new accounting principles. The Minneapolis Foundation 80 South 8th Street IDS Center 800 Minneapolis MN 55402 416029402 Philanthropy MN 501(c)(3) 7 N/A 0 TMF Investment LP The Minneapolis Foundation 800 IDS Center 80 South 8th Street Minneapolis MN 55402 Investing MN N/A Excluded 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 The Minneapolis Foundation c 125000 Nonprofits Assistance Fund received two cash grants of $75,000 and $50,000 respectively from The Minneapolis Foundation. The $75,000 grant was to our fiscal sponsorship program in support of the work of the Coalition of Asian American Leaders (CAAL). The other grant of $50,000 was given in support of our work with charter schools. The Minneapolis Foundation e 818500 As of March 31, 2017, the end of Nonprofits Assistance Fund's fiscal year, NAF has a program-related investment (PRI) from The Minneapolis Foundation (TMF) Community Nonprofit Investment Pool with a principal balance of $818,500. During the fiscal year, NAF paid off another PRI from TMF in the amount of $1 million. NAF also maintains a line of credit with TMF of $2 million. During the 2017 fiscal year, NAF drew $1 million on this line of credit in May 2016 and paid back the full amount in September 2016. The Minneapolis Foundation p 7880 In order to take advantage of efficiency of scale, NAF purchases some business and liability insurances through TMF. This amount represents the reimbursement paid to TMF for the FY2017 annual premium amount representing NAF's share of these insurances.