2011-08-15T10:47:04-07:00 2011-03-31 990 2010-04-01 411916337 NONPROFITS ASSISTANCE FUND NONP 6122787180 2801 21st Ave S Ste 210 Minneapolis MN 55407 Kate Barr 6122787182 2011-08-05 2010 2016-02-24 21:20:13Z Kate Barr 2801 21st Ave S Ste 210 Minneapolis MN 55407 2208894 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 10 19 0 0 335074 1357469 855090 818699 48165 32726 0 0 1238329 2208894 0 0 0 0 653054 702573 5000 0 12742 575911 927226 1233965 1629799 4364 579095 14304186 14981949 9445806 9544474 4858380 5437475 The mission of the Nonprofits Assistance Fund is to build financially healthy nonprofits that foster community vitality. 0 0 1206791 0 765929 Lending. Nonprofits Assistance Fund helps build financially strong nonprofits by making bridge loans, program expansion loans, working capital loans, and loans for the purchase of equipment, leasehold improvements, and building repairs/renovations. In Fiscal Year 2011, NAF made 88 new loans totaling $10,947,172 to 74 nonprofits. This loan activity leveraged an additional $9,922,238 in loans from other sources. 268878 0 85496 Training. Nonprofits Assistance Fund offers financial management training workshops in the Twin Cities and around the state of Minnesota. Workshops address a wide range of financial topics to meet the needs of nonprofit managers and board members. In Fiscal Year 2011, NAF trained 2,944 individuals through 134 workshops. NAF provided 1,662 hours of technical assistance on financial matters to 386 organizations. 0 0 0 1475669 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 11 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 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 182189 25922 Alison Halley 1 X 0 0 0 John Kostishack 1 X X 0 0 0 Barbara Milton 1 X 0 0 0 Sondra Reis 1 X 0 0 0 Lois Schmidt 1 X 0 0 0 David Swanson 1 X 0 0 0 Sandra Vargas 1 X 0 295662 29088 Michael Wirth-Davis 1 X X 0 0 0 Kate Barr 40 X X 119780 0 24462 119780 477851 79472 1 0 1 0 0 0 0 0 40000 750000 567469 0 1357469 Loan Interest Income 522200 656746 656746 0 0 Contract Fees 541900 55513 55513 0 0 Loan Fees 522200 76428 76428 0 0 Workshop Fees 611600 30012 30012 0 0 0 0 0 0 818699 32726 32726 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2208894 851425 0 0 0 0 0 0 0 0 0 0 162067 130673 28035 3359 0 0 0 0 417261 375907 36928 4426 28922 26384 2267 271 63670 58551 4571 548 30653 27516 2801 336 0 0 0 0 2759 440 2319 0 20021 0 20021 0 0 0 0 0 0 0 0 0 0 0 43775 30725 12938 112 5422 4899 467 56 24045 18513 5016 516 16411 12535 3461 415 0 0 0 0 71533 53708 15918 1907 13484 12072 1261 151 0 0 0 0 8198 6840 1213 145 301032 300857 156 19 0 0 0 0 12194 9145 2723 326 0 0 0 0 Equipment Rental & Maintenance 2501 1882 553 66 Subscriptions & Publications 2307 1478 740 89 Underwriting Costs 1544 1544 0 0 Provision for Loan loss Reserve 402000 402000 0 0 0 0 0 0 1629799 1475669 141388 12742 1626542 527589 3467448 5179026 80000 85000 14411 8406 0 0 0 0 8991849 9074184 0 0 4580 4139 170453 123994 42477 46459 0 0 0 0 0 0 0 0 76879 57146 14304186 14981949 154340 176793 0 0 10000 0 0 0 0 0 0 0 0 0 9281466 9367681 0 9445806 9544474 X 4493204 5131404 365176 306071 0 0 4858380 5437475 14304186 14981949 X 579095 0 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 33178 4378 0 132897 90816 42081 0 0 0 0 46459 2208894 1629799 579095 0 0 0 0 0 0 579095 2208894 0 0 0 0 0 2208894 0 0 0 2208894 1629799 0 0 0 0 0 1629799 0 0 0 1629799 0 0 0 0 0 0 0 0 0 Jean Adams 0 173180 0 9009 0 0 0 15315 0 10607 0 208111 0 0 Sandra Vargas 0 295662 0 0 0 0 0 20825 0 8263 0 324750 0 0 SchJ_P02_S00_L00 Schedule J, Part II Per NAF's bylaws, the President & CEO of the Minneapolis Foundation, or his/her designee, serves as an ex-officio voting member of the Nonprofits Assistance Fund's board of directors. Sandra Vargas, the Foundation's President & CEO, began the year on NAF's board but later designated Jean Adams, the CFO of the Foundation, to serve of NAF's board. F990_P04_S00_L12a Form 990, Part IV, Line 12a Nonprofits Assistance Fund issued its audited financial statements on a separate basis. The Minneapolis Foundation (NAF's supported organization) consolidated NAF's financial statements with its own when it issued its audited financial statements. F990_P05_S00_L02a Form 990, Part V, Line 2a Through an Employee Services Agreement, the Minneapolis Foundation pays Nonprofits Assistance Fund's staff members as Foundation employees. NAF reimburses the Foundation for 100% of these salaries, payroll taxes, and benefits. The compensation data for NAF's staff members were reported on the W-3 filed by the Foundation on behalf of NAF. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Nonprofits Assistance Fund's Form 990 was distributed to the board of directors before their meeting on August 4, 2011. The board reviewed the Form 990 at that meeting. NAF's audited financial statements (on which much of the Form 990 is based) was reviewed by the audit committee of the board on June 13, 2011. The full board then reviewed and accepted the audited financial statements at their meeting on August 4, 2011. 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. They are required to disclose all dualities of interest in writing annually. New employees and board members review the policy and disclose dualities of interest in writing upon 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 refrains from the decision making. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The executive committee of Nonprofits Assistance Fund's board of directors, a group of independent persons, conducted an annual performance review of the Executive Director. Based on this review, the committee then determined the compensation of the Executive Director. In doing so, the committee also consulted a survey of Executive Director compensation from peer organizations as well as the history of the compensation of NAF's Executive Director. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Nonprofits Assistance Fund makes it's governing documents, conflict of interest policy, and financial statements available on its website as pdf files. Copies of the documents are kept on file at NAF's offices for any visitor to view. NAF's governing documents incude its articles of incorporation, bylaws, and IRS Form 1023. NAF's financial statements include its audited financial statements, single audit (when required), and IRS Form 990 including all schedules and attachments. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Per NAF's bylaws, the President & CEO of the Minneapolis Foundation, or his/her designee, serves as an ex-officio voting member of the Nonprofits Assistance Fund's board of directors. Sandra Vargas, the Foundation's President & CEO, began the year on NAF's board but later designated Jean Adams, the CFO of the Foundation, to serve of NAF's board. As fulltime employees of the Foundation, Ms. Vargas and Ms. Adams work 40 hours per week for the Foundation. F990_P11_S00_L02 Form 990, Part XI, Line 2 Nonprofits Assistance Fund issued its audited financial statements on a separate basis. The Minneapolis Foundation (NAF's supported organization) consolidated NAF's financial statements with its own when it issued its audited financial statements. Minneapolis Foundation 80 S 8th St Ste 800 Minneapolis MN 55402 416029402 Philanthropy MN 501(c)(3) 7 N/A 0 Minneapolis Foundation 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 Minneapolis Foundation c 40000 The Minneapolis Foundation awarded a $40,000 grant to the Nonprofits Assistance Fund restricted to providing technical assisatnce and resources to nonprofit organizations. This grant was applied for and awarded through the Foundation's normal grant-making channels and procedures. Minneapolis Foundation e 1000000 Nonprofits Assistance Fund has a $1,000,000 line of credit with the Minneapolis Foundation. As of March 31, 2011, NAF has not drawn on this line of credit. Minneapolis Foundation l 12000 Through an Employee Services Agreement, the Minneapolis Foundation provides human resources administration services to the Nonprofits Assistance Fund for an annual cost of $12,000. Minneapolis Foundation o 702573 Through an Employee Services Agreement, the Minneapolis Foundation pays Nonprofit Assistance Fund's staff members as Foundation employees. NAF's staff members are covered under the Foundation's benefit programs. NAF reimburses the Foundation for 100% of these salaries, payroll taxes, and benefits. In Fiscal Year 2011, this compensation totaled $702,573.