Propel Nonprofits

Organization Overview

Propel Nonprofits is located in Minneapolis, MN. The organization was established in 2017. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Propel Nonprofits employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propel Nonprofits is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2022, Propel Nonprofits generated $14.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $9.0m during the year ending 03/2022. While expenses have increased by 25.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Propel Nonprofits has awarded 570 individual grants totaling $26,225,087. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LENDING: AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. 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 MARKETS. LOANS ARE AS LARGE AS $1 MILLION AND AS SMALL AS $5,000. OVERALL, WE MADE 71 NEW LOANS IN FY2022 TOTALING $18,690,025. OUR LENDING IMPACTED ORGANIZATIONS WORKING IN HEALTH CARE, HUMAN SERVICES, ARTS AND HUMANITIES, CHARTER SCHOOLS, COMMUNITY DEVELOPMENT, AFFORDABLE HOUSING, AND OTHERS AS WELL. BY PARTNERING WITH OTHER CAPITAL PROVIDERS, WE ALSO LEVERAGED ADDITIONAL FUNDS OF $ 41.2 MILLION INTO THE COMMUNITY. PROPEL DEVELOPED A RECOVERY CAPITAL LOAN IN RESPONSE TO THE DISRUPTION IN OUR MARKET DUE TO COVID. THIS PRODUCT PROVIDES FINANCING AND CAPACITY BUILDING SUPPORT TO NONPROFITS THAT SERVE AND STRENGTHEN LOW INCOME PEOPLE, FAMILIES, AND MARGINALIZED MINORITY COMMUNITIES, AND REVITALIZES NEIGHBORHOODS THAT HAVE LACKED INVESTMENT AND ACCESS TO CAPITAL. THESE LOANS PROVIDE CRITICAL FLEXIBLE AND PATIENT WORKING CAPITAL LOANS FOR THOSE RECOVERING FROM THE IMPACTS OF COVID.


TRAINING, CAPACITY BUILDING, AND KNOWLEDGE SHARING: PROPEL NONPROFITS PROVIDES ONGOING TRAINING, AND TECHNICAL ASSISTANCE ON TOPICS RANGING FROM FINANCIAL MANAGEMENT, ACCOUNTING, GOVERNANCE, NONPROFIT BUSINESS MODELS, AND SOCIAL ENTERPRISE. IN FY22 PROPELS PROGRAM DELIVERY CONTINUED TO BE MOSTLY VIRTUAL AS A RESULT OF COVID-19. PROPEL PRESENTED A TOTAL OF 132 TRAININGS TO 5,993 PARTICIPANTS IN FY22 AND HELD 14 LEADERS CIRCLES AND 4 FINANCIAL LEADERSHIP COHORTS WITH A COMBINED TOTAL OF 141 PARTICIPANTS. FY22 WAS THE SECOND YEAR OF A 2-YEAR CAPACITY BUILDING INITIATIVE (CBI) FOR FAMILY ENGAGEMENT WITH 12 NONPROFIT AND/OR FISCALLY SPONSORED ORGANIZATIONS IN A PARTICIPANT-DRIVEN CAPACITY BUILDING MODEL TO EMPOWER FAMILIES IN K12 EDUCATIONAL SYSTEMS. PROPEL, WITH FUNDS APPROPRIATED BY THE MINNESOTA STATE LEGISLATURE THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED), LAUNCHED THE THIRD ROUND OF THE NONPROFIT INFRASTRUCTURE GRANT PROGRAM AIMED AT SUPPORTING THE MISSIONS OF 40 SMALL, CULTURALLY LED ORGANIZATIONS BY STRENGTHENING THEIR INFRASTRUCTURES. ALSO IN FY22, PROPEL DEVELOPED A NEW INITIATIVE, SEEDING CULTURAL TREASURES, DESIGNED TO NOURISH AND CULTIVATE THE LANDSCAPE OF EMERGING ARTS AND CULTURE ORGANIZATIONS RUN BY AND FOR BLACK, INDIGENOUS, AND OTHER PEOPLE OF COLOR.


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, 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. PROPEL NONPROFITS IN TURN GRANTS THESE FUNDS TO THE FISCALLY SPONSORED RECIPIENTS. PROPEL NONPROFITS ULTIMATELY RETAINS THE DISCRETION TO REDIRECT THE FUNDS TO ANOTHER ENTITY IF NEEDED TO SATISFY THE PURPOSE OF THE CONTRIBUTION AS DIRECTED BY ITS DONOR. ONCE THE FUNDS HAVE BEEN GRANTED TO THE FISCALLY SPONSORED CLIENT, THE CLIENT HAS THE OPTION TO HOLD AND MANAGE THESE FUNDS ON ITS OWN OR ENTER INTO AN ARRANGEMENT WITH PROPEL NONPROFITS IN WHICH PROPEL ADMINISTERS THE FUNDS ON BEHALF OF THE CLIENT. ALONG WITH THE FISCAL MANAGEMENT OPTION, PROPEL PROVIDES EXTENSIVE TECHNICAL ASSISTANCE ON TOPICS SUCH AS FINANCIAL LEADERSHIP, BOARD GOVERNANCE, NONPROFIT BUSINESS MODELS, AND STRATEGIC PLANNING.


STRATEGIC SERVICES AND ACCOUNTING AND FINANCE CONSULTING: PROPEL NONPROFITS PROVIDES A WIDE RANGE OF INTEGRATED PROGRAMS AND SERVICES FOR NONPROFIT ORGANIZATIONS. PROPEL NONPROFITS IS A MUTUAL PARTNER THAT ASSISTS NONPROFITS IN ALIGNING THEIR VISION, GETTING THE NONPROFITS BOARDS AND LEADERSHIP TEAMS ON THE SAME PAGE, PROVIDING TOOLS FOR BETTER ORGANIZATIONAL COMMUNICATION, AND HELPING TO EQUIP NONPROFITS WITH THE TOOLS TO BE MORE EFFECTIVE IN REACHING THEIR MISSION. THE TOOLS THAT PROPEL NONPROFITS OFFERS THROUGH ITS STRATEGIC SERVICES PROGRAM ARE STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT, BOARD DEVELOPMENT, AND LEADERSHIP TRANSITION CONSULTING. PROPEL NONPROFITS ACCOUNTING & FINANCE PROGRAM OFFERS ACCOUNTING AND FINANCIAL MANAGEMENT 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.


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Board, Officers & Key Employees

Name (title)Compensation
Kate Barr
President And CEO
$176,771
Keven Ambrus
Vice President Of Finance And CFO
$115,364
Glyn Northington
Senior Program Director
$103,493
Sean Kershaw
Chair
$0
Sarah Clyne
Vice Chair
$0
Paul Babcock
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,648,493
All other contributions, gifts, grants, and similar amounts not included above$9,767,110
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,415,603
Total Program Service Revenue$2,042,057
Investment income $20,570
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,478,230

Grants Awarded

Over the last fiscal year, Propel Nonprofits has awarded $4,254,342 in support to 83 organizations.

Grant RecipientAmount

BRIDGEMAKERS

PURPOSE: FISCAL SPONSORSHIP

$331,946

360 IMPACT

PURPOSE: FISCAL SPONSORSHIP

$228,000

YOUTH LEADERSHIP INITIATIVE

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: FISCAL SPONSORSHIP

$198,596

Minneapolis, MN

PURPOSE: FAMILY ENGAGEMENT GRANT

$162,500

MINNESOTA EDUCATION EQUITY PARTNERSHIP

Org PageRecipient Profile

Saint Paul, MN

PURPOSE: FAMILY ENGAGEMENT PROGRAM

$160,000

MINNESOTA PARENT UNION

Org PageRecipient Profile

Saint Paul, MN

PURPOSE: FAMILY ENGAGEMENT PROGRAM

$137,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Propel Nonprofits has recieved totaling $15,000.

Awarding OrganizationAmount
Deluxe Corporation Foundation

Cleveland, OH

PURPOSE: GENERAL OPERATING SUPPORT

$15,000
View Grant Recipient Profile

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