2012-08-15T16:27:39-07:00 2012-03-31 990 2011-04-01 411916337 NONPROFITS ASSISTANCE FUND NONP 6122787180 2801 21st Ave S Ste 210 Minneapolis MN 55407 Kate Barr 6122787182 2012-08-15 2011 2016-02-24 21:20:13Z Kate Barr 2801 21st Ave South - Suite 210 Minneapolis MN 55407 2625267 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 24 0 0 1357469 1622146 818699 981869 32726 21252 0 0 2208894 2625267 0 0 0 0 702573 722214 0 0 15152 927226 954471 1629799 1676685 579095 948582 14981949 16757544 9544474 10371487 5437475 6386057 The mission of the Nonprofits Assistance Fund is to build financially healthy nonprofits that foster community vitality. 0 0 1165229 0 911913 As a Community Development Financial Institution (CDFI) certified by the US Department of the Treasury, NAF makes loans to nonprofit organizations to expand programs and services, bridge cash flow gaps, consolidate debt, and make capital improvements. Loans range from $20,000 to $750,000, and loan clients are organizations of all sizes and stages of development. In Fiscal Year 2012, NAF made 123 new loans to nonprofits totaling $17,525,287. This leveraged an additional $5,029,750 from other lending sources. 321205 0 69956 Training and Technical Assistance: Provide workshops, technical assistance, and consulting related to financial management and leadership for directors, board members, and staff and volunteers. Topics include helping organizations understand their financial situation, adapt their business model, identify priorities, and develop plans of action for the near and long-term future. We trained over 3,000 nonprofit leaders and staff members in FY 2012. NAF delivered 2,658 hours of financial technical assistance to 713 organizations. 0 0 0 1486434 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 0 1 X 12 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 1 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 1 X 0 176868 36201 Alison Halley 1 X 0 0 0 John Kostishack 1 X X 0 0 0 Barbara Milton 1 X 0 0 0 Ron Price 1 X 0 0 0 Sondra Reis 1 X 0 0 0 Magui Rubalcava Shulman 1 X 0 0 0 Lois Schmidt 1 X 0 0 0 Michael Wirth-Davis 1 X X 0 0 0 Kate Barr 40 X 121875 0 37188 121875 176868 73389 1 0 1 0 0 0 0 0 50000 1500000 72146 0 1622146 Loan Interest Income 522200 795020 795020 0 0 Loan Fees 522200 116893 116893 0 0 Contract Fees 541900 46250 46250 0 0 Workshop Fees 611430 22344 22344 0 0 1362 1362 0 0 981869 21252 21252 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2625267 1003121 0 0 0 0 0 0 0 0 0 0 162504 112086 40626 9792 0 0 0 0 426328 368153 55673 2502 25668 25010 658 0 68383 61649 6438 296 39331 32252 6375 704 0 0 0 0 16954 16079 875 0 21372 0 21372 0 0 0 0 0 0 0 0 0 0 0 80137 63629 16508 0 6683 6158 488 37 26724 20618 5831 275 18782 15954 2628 200 0 0 0 0 72659 61555 10316 788 21050 18880 2016 154 0 0 0 0 6918 6454 431 33 299718 299644 69 5 0 0 0 0 22968 19523 3201 244 0 0 0 0 Equipment rental and maintenance 2718 2160 518 40 Subscriptions, memberships, publications 2717 1559 1076 82 Underwriting costs 3071 3071 0 0 Provision for Loan Loss Reserve 352000 352000 0 0 0 0 0 0 1676685 1486434 175099 15152 527589 1161596 5179026 4201373 85000 0 8406 25886 0 0 0 0 9074184 11208044 0 0 4139 16977 199158 121954 46459 77204 0 0 0 0 0 0 0 0 57146 66464 14981949 16757544 176793 180323 0 0 0 15325 0 0 0 0 0 0 0 0 9367681 10175839 0 9544474 10371487 X 5131404 5908562 306071 477495 0 0 5437475 6386057 14981949 16757544 948582 0 X X 0 1 1 X 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 33918 3638 0 161602 88036 73566 0 0 0 0 77204 2625267 1676685 948582 0 0 0 0 0 0 948582 2625267 0 0 0 0 0 2625267 0 0 0 2625267 1676685 0 0 0 0 0 1676685 0 0 0 1676685 X 0 0 0 0 0 0 0 0 0 Jean Adams 0 175424 0 0 0 1444 0 14740 0 21462 0 213070 0 0 Kate Barr 121494 0 0 0 381 0 10328 0 26860 0 159063 0 0 0 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_L04 Form 990, Part VI, Section A, Line 4 At its May 10, 2011 meeting, the board of directors amended its bylaws to 1) remove the upper limit on the number of members of the board (formerly nine), and 2) allow the President of The Minneapolis Foundation the option to designate a person to serve on the NAF board of directors in his or her stead. 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 prior to 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 the Nonprofits Assistance Fund, the Board of Trustees of The Minneapolis Foundation may at any time remove a director of the board of Nonprofits Assistance Fund. 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 Finance Committee on June 14, 2012 by the auditors. The 990 was prepared by the Finance Director based on the audited financial statements. The 990 was then reviewed by the Executive Director and an outside legal/tax consultant. Then the 990 was distributed to the board of directors before its August 2012 meeting. The board reviewed the Form 990 at the August meeting. 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. 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. 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 2011. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Nonprofits Assistance Fund made its governing documents, conflict of interest policy, and financial statements available on its website as pdf files. 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 CFO 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 consolidated NAF financial statements into its own audited financial statements as well. Minneapolis Foundation 80 S 8th St - Ste 800 Minneapolis MN 55402 416029402 Philanthropy MN 501(c)(3) 7 N/A 0 TMF Investment LP Investment Partnership 80 S 8th St - Ste 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 1 0 0 1 0 0 0