Form 990 for tax year 2024

Totals

Total revenue

$23,001,187

Total expenses

$12,567,668

Contributions and grants received

$19,372,476

Grants paid

$4,354,377

Program service revenue

$2,999,931

Investment income

$628,780

Other revenue

$0

Total assets, end of year

$61,665,697

Total liabilities, end of year

$34,558,658

Net assets or fund balances, end of year

$27,107,039

Program services expenses (Part IX)

$10,792,429

Management and general expenses

$1,352,420

Fundraising expenses

$422,819

Program service expenses (Part III)

$10,792,429

Program services were 85.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• 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 $1.2 MILLION AND AS SMALL AS $5,000. OVERALL, WE MADE 73 NEW LOANS IN FY2025 TOTALING $17,120,090. OUR LENDING IMPACTED NONPROFIT ORGANIZATIONS WORKING IN HEALTH CARE, HUMAN SERVICES, ARTS AND HUMANITIES, CHARTER SCHOOLS, COMMUNITY DEVELOPMENT, AFFORDABLE HOUSING, AND MORE. BY PARTNERING WITH OTHER CAPITAL PROVIDERS, WE ALSO LEVERAGED ADDITIONAL FUNDS OF $5.1 MILLION INTO THE COMMUNITY.

  Expenses $3,870,652 · Grants $60,000 · Revenue $2,179,905

• CAPACITY BUILDING INITIATIVES:PROPEL NONPROFITS INTERMEDIARY CAPACITY BUILDING INITIATIVES AIM TO PROVIDE FUNDING AND RELEVANT INFRASTRUCTURE TO SUPPORT MINNESOTA NONPROFITS. IN FY25, THERE WERE FOUR ACTIVE INITIATIVES: SEEDING CULTURAL TREASURES, NONPROFIT INFRASTRUCTURE GRANT PROGRAM (NIGP), CBI TARGET, AND ROOTED TO LAST.IN FY25, PROPEL AWARDED $2.2 MILLION TO 55 CULTURALLY LED NONPROFIT ORGANIZATIONS FOR INFRASTRUCTURE FUNDING THROUGH NIGP. THE 2023 - 2025 ROUND OF NIGP FUNDING IS MADE POSSIBLE THROUGH A $4 MILLION APPROPRIATION COMING THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED)ALSO IN FY25, PROPEL CONTINUED WORK ON THE SEEDING CULTURAL TREASURES INITIATIVE DESIGNED TO NOURISH AND CULTIVATE THE LANDSCAPE OF EMERGING ARTS AND CULTURE ORGANIZATIONS RUN BY AND FOR BLACK, INDIGENOUS, AND OTHER PEOPLE OF COLOR.

  Expenses $3,010,891 · Grants $2,338,306

• FISCAL SPONSORSHIP:PROPEL NONPROFITS FISCAL SPONSORSHIP PROGRAM SUPPORTS EMERGING NONPROFIT ORGANIZATIONS AND PROJECTS THAT ADVANCE CHARITABLE CAUSES AND UPLIFT THEIR COMMUNITIES. WE PROVIDE RESOURCES, CONSULTING, TECHNICAL ASSISTANCE, AND THE ABILITY TO ACCEPT DONATIONS TO OUR FISCALLY SPONSORED PARTNERS, ESPECIALLY THOSE FROM HISTORICALLY EXCLUDED GROUPS.-60 FISCALLY SPONSORED PROJECTS IN FY25-$5,111,256 RAISED BY/FOR CLIENTS IN FY25-63% BIPOC-LED-10% GREATER MINNESOTA

  Expenses $2,434,398 · Grants $1,956,071 · Revenue $220,008

• STRATEGIC SERVICES AND ACCOUNTING AND FINANCE SERVICES:PROPEL NONPROFITS' STRATEGY CONSULTANTS ARE EXPERIENCED AT PROVIDING STRATEGIC PLANNING, SUCCESSION PLANNING, BOARD DEVELOPMENT, STRATEGIC FINANCIAL PLANNING AND OTHER STRATEGIC SERVICES TO ORGANIZATIONS OF ALL BUDGET SIZES, STAFF SIZES, AND MORE. IN FY25, PROPEL PROVIDED STRATEGIC CONSULTING TO 116 ORGANIZATIONS, OF WHICH 69% WERE BIPOC-LED, 8% WERE IN GREATER MINNESOTA, AND 63% WERE FIRST-TIME CLIENTS OF STRATEGIC SERVICES.PROPEL NONPROFITS ACCOUNTING & FINANCE SERVICES: 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.

  Expenses $1,008,648 · Revenue $436,420

• TRAINING, GUIDANCE, AND KNOWLEDGE SHARING:PROPEL NONPROFITS PROVIDES ONGOING TRAINING, AND TECHNICAL ASSISTANCE ON TOPICS RANGING FROM FINANCIAL MANAGEMENT, ACCOUNTING, GOVERNANCE, NONPROFIT BUSINESS MODELS, AND ORGANIZATIONAL STRATEGY.IN FY25 PROPEL PRESENTED A TOTAL OF 102 TRAININGS TO 3,544 PARTICIPANTS:-45 GOVERNANCE TRAININGS-46 FINANCES TRAININGS-10 COMBINED TRAININGS AND AND FINANCE TRAININGS -1 CUSTOM TRAINING EVENTIN FY25 THERE WERE 90 LEADERS CIRCLES PARTICIPANTS; 30 BOARD CONNECTOR LISTINGS AND 42 BOARD MEMBER CONNECTIONS MADE.

  Expenses $467,840 · Revenue $163,598

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• ROOTED TO LAST

  $623,250

  FISCAL SPONSORSHIP

• GOOD TROUBLE

  $212,423

  FISCAL SPONSORSHIP

• RESIDENTIAL PROVIDERS ASSOCIATION OF MINNESOTA

  $185,550

  FISCAL SPONSORSHIP

• SPARK EDUCATION

  $151,120

  FISCAL SPONSORSHIP

• REP COMMUNITY PARTNERS LLC

  $125,300

  FISCAL SPONSORSHIP

• ONEMINNESOTAORG

  $99,733

  FISCAL SPONSORSHIP

• BELIEVE IN WHAT'S POSSIBLE

  $97,620

  FISCAL SPONSORSHIP

• MEMORIALIZE THE MOVEMENT

  $95,068

  FISCAL SPONSORSHIP

• MINNESOTANS FOR THE AMERICAN COMMUNITY SURVEY

  $94,749

  FISCAL SPONSORSHIP

• AFGHAN CULTURAL SOCIETY

  $74,326

  NONPROFIT INFRASTRUCTURE GRANT PROGRAM, COMMUNITY ASSET BUILDER

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2024

Filed

5 December 2025

IRS schema version

2024v5.2

Source object

202503429349301305

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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