2013-08-12T14:44:34-07:00 2013-03-31 990 2012-04-01 411916337 NONPROFITS ASSISTANCE FUND NONP 6122787180 2801 21st Ave S Ste 210 Minneapolis MN 55407 Kate Barr 6122787182 2013-08-12 2012 2016-02-24 21:20:13Z Kate Barr 2801 21st Avenue South Suite 210 Minneapolis MN 55407 3305787 0 X www.nonprofitsassistancefund.org X 1998 MN The mission of the Nonprofits Assistance Fund is to build financially healthy nonprofits that foster community vitality. NAF provides loans that offer financial support and flexibility, helps organizations implement financial practices through training and resources, and offers strategic financial guidance. 9 8 12 21 0 0 1622146 2313673 981869 965089 21252 27025 0 0 2625267 3305787 0 0 0 0 722214 776099 0 0 16862 954471 660166 1676685 1436265 948582 1869522 16757544 18467644 10371487 10212065 6386057 8255579 The mission of the Nonprofits Assistance Fund is to build financially healthy nonprofits that foster community vitality. 0 0 753354 836478 As a Community Development Financial Institution (CDFI) certified by the US Department of Treasury, NAF makes loans to nonprofit organizations to expand programs and services, bridge cash flow gaps, consolidate debt, and make capital improvements. With increased equity capital received in fiscal year 2013, we have been able to make loans as large as $1 million, and as small as $10,000. Our borrowers are nonprofits of all sizes and stages of development. In FY2013, we made 76 new loans totaling $10,930,416. Our lending impacted organizations working in health care, human services, arts and humanities, charter schools, community development, and affordable housing. 256142 50885 Nonprofits Assistance Fund provides high-quality training and extensive resources to the board and staff of nonprofit organizations across Minnesota, surrounding states, and nationwide. Our trainers presented in-person workshops, live webinars, conference sessions, and speaking engagements that impacted nearly 3,000 people at 75 events in fiscal year 2013. Our website is visited by tens of thousands of individuals each year, accessing our impressive array of downloads, articles, blog posts, and other nonprofit financial management tools. 221074 77726 NAF provides technical assistance and financial management advice in the form of one on one meetings and consultation -- delivered through in-person open office hours, over the phone, and by email. Our team of nonprofit financial experts share their experience and knowledge with executive directors, board members, staff and volunteers of nonprofit organizations in all fields and of all sizes. In fiscal year 2013, we provided over 1,900 hours of free financial advice to individuals representing 557 different organizations. 0 0 0 1230570 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 14 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X Kate Barr 6122787180 2801 21st Ave S Ste 210 Minneapolis MN 55407 X Jean Adams 2 40.00 X 0 192452 40428 Ralph Bernstein 2 0 X 0 0 0 Alison Halley 2 0 X 0 0 0 John Kostishack 2 0 X X 0 0 0 Barbara Milon 2 0 X 0 0 0 Ron Price 2 0 X 0 0 0 Sondra Reis 2 0 X 0 0 0 Magui Rubalcava Shulman 2 0 X 0 0 0 Lois Schmidt 2 0 X X 0 0 0 Michael Wirth-Davis 3 0 X X 0 0 0 Kate Barr 40 0 X 129887 0 39529 129887 192452 79957 1 0 1 0 0 0 0 0 1453806 859867 15456 2313673 Loan Interest Revenue 522200 772550 772550 0 0 Loan Fee Revenue 522200 63928 63928 0 0 Contract Fee Revenue 541900 112689 112689 0 0 Workshop Fees 611430 14745 14745 0 0 1177 1177 0 0 965089 27025 27025 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3305787 992114 0 0 0 0 0 0 0 0 0 0 169892 145980 14639 9273 0 0 0 0 462963 382536 76881 3546 25571 23242 2264 65 75045 60458 14113 474 42628 35373 6477 778 12000 0 12000 0 3735 1080 2655 0 19850 0 19850 0 0 0 0 0 0 0 0 0 0 0 25938 25938 0 0 12876 12798 0 78 35686 20815 14566 305 23252 18174 4687 391 0 0 0 0 71852 57958 12546 1348 19198 18518 632 48 0 0 0 0 5912 5230 682 0 260629 260629 0 0 0 0 0 0 28507 23011 4964 532 0 0 0 0 Provision for Loan Loss Reserve 131250 131250 0 0 Professional Development Expense 4443 3242 1177 24 Underwriting Expenses 5038 4338 700 0 0 0 0 0 1436265 1230570 188833 16862 1161596 1242983 4201373 7025858 0 62500 25886 9844 0 0 0 0 11208044 9921081 0 0 16977 28077 228439 139587 77204 88852 0 0 0 0 0 0 0 0 66464 88449 16757544 18467644 180323 167029 0 0 15325 6588 0 0 0 0 0 0 0 0 10175839 10038448 10371487 10212065 X 5908562 6792455 477495 1463124 0 0 6386057 8255579 16757544 18467644 1869522 0 0 0 0 0 X X 0 1 X 1 1 1 X X X 0 0 0 Minneapolis Foundation 416029402 7 1 1 1 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 37556 34658 2898 0 190883 104929 85954 0 0 0 0 88852 3305787 0 0 0 0 0 3305787 0 0 0 3305787 1436265 0 0 0 0 0 1436265 0 0 0 1436265 X X X 0 0 0 0 0 0 0 0 0 Kate Barr 129887 0 0 0 0 0 10881 0 28648 0 169416 0 0 0 Jean Adams 0 192452 0 0 0 0 0 16014 0 24414 0 232880 0 0 SchJ_P01_S00_L03 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 executive director. Based on the review, the committee determines compensation for the executive director. In its salary determination, the committee considers salaries of executive directors in peer organizations with comparable experience, consults survey data of nonprofit executive salaries, and reviews the history of the executive director's compensation. The executive director's salary was last reviewed in December 2012. F990_P04_S00_L12a Form 990, Part IV, Line 12a Nonprofits Assistance Fund issues separate audited financial statements. The Minneapolis Foundation, NAF's supported organization, consolidates NAF financials in its audited statements. F990_P05_S00_L02a Form 990, Part V, Line 2a Through an Employee Services Agreement, The Minneapolis Foundation pays the staff of Nonprofits Assistance Fund as Foundation employees. NAF reimburses 100 percent of these salaries, payroll taxes, and benefits. The compensation data for NAF is aggregated and reported on the Foundation's W-3. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Board members of Nonprofits Assistance Fund are recruited and selected by the board of NAF, but serve at the will of The Minneapolis Foundation Board of Trustees. The Minneapolis Foundation Board of Trustees formally appoints the directors of the NAF board in conjunction with the annual meeting of the NAF board of directors. This annual meeting is regularly the May board meeting. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b As a supporting organization of The Minneapolis Foundation, and according to the bylaws of Nonprofits Assistance Fund, the Board of Trustees of The Minneapolis Foundation may at any time remove a director of the board of NAF. The Board of Trustees of TMF may also appoint a director to fill any vacancy caused by death, resignation, or removal. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The audited financial statements, on which the Form 990 is based, were presented to the Audit Committee of the Nonprofits Assistance Fund on June 6, 2013. The Form 990 was prepared by the Finance Director based on the audited financial statements. The Form 990 was then reviewed by the Executive Director. The Form 990 and the audited financial statements were presented to the full board for review at its August 2013 meeting. The Form 990 was then signed and transmitted by the August 15 deadline. F990_P06_S0B_L12c 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. 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. F990_P06_S0B_L15 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 executive director. Based on the review, the committee determines compensation for the executive director. In its salary determination, the committee considers salaries of executive directors in peer organizations with comparable experience, consults survey data of nonprofit executives, and reviews the history of the executive director's compensation. The executive director's salary was last reviewed in December 2012. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Nonprofits Assistance Fund makes its governing documents, conflict of interest policy, and financial statements available on its own website. Copies of the documents are also available in the NAF office. NAF governing documents include its articles of incorporation, bylaws, and IRS Form 1023. NAF financial statements include its audited financial statements, single audit (when required), and IRS Form 990 including schedules and attachments. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Per the bylaws of Nonprofits Assistance Fund, the President and CEO of The Minneapolis Foundation, or his/her designee, serves as an ex-officio voting member of the NAF board. Sandra Vargas, the Foundation's President and CEO designated Jean Adams, the Chief Operating Officer of the Foundation, to serve on the NAF board. As a full-time employee of the Foundation, Ms. Adams works 40 hours per week for the Foundation. F990_P12_S00_L00 Form 990, Part XII Nonprofits Assistance Fund issues separate audited financial statements. The Minneapolis Foundation consolidates NAF financial statements into its own audited financial statements as well. Minneapolis Foundation 80 South 8th Street Suite 800 Minneapolis MN 55402 416029402 Philanthropy MN 501(c)(3) 7 N/A 0 TMF Investment LP Investment Partnership 80 South 8th Street Suite 80 Minneapolis MN 55402 411825828 Investing MN N/A Excluded 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0