Nonprofit · EIN 41-1916337
PROPEL NONPROFITS
Tax-exempt · MINNEAPOLIS, MN 55414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $23,001,187 | $12,567,668 | $10,433,519 | $61,665,697 | $34,558,658 | $27,107,039 |
| March 31, 2024 | 990 | $8,635,201 | $10,188,716 | -$1,553,515 | $49,931,879 | $33,258,359 | $16,673,520 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $19,372,476
- of which government grants
- $5,671,714
- Program service revenue
- $2,999,931
- Investment income
- $628,780
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,354,377
- Compensation of officers, directors and key employees
- $779,595
- Other salaries and wages
- $2,535,552
- Salaries, compensation and benefits (total)
- $4,134,030
- Professional fundraising fees
- $0
- Legal fees
- $34,299
- Accounting fees
- $34,323
- Occupancy
- $318,561
- Travel
- $41,486
- Program services (functional)
- $10,792,429
- Management and general (functional)
- $1,352,420
- Fundraising (functional)
- $422,819
Balance sheet and other
- Total assets, start of year
- $49,931,879
- Total assets, end of year
- $61,665,697
- Total liabilities, end of year
- $34,558,658
- Net assets, end of year
- $27,107,039
- Land, buildings and equipment
- $312,698
- Net assets without donor restrictions
- $22,471,380
- Net assets with donor restrictions
- $4,635,659
- Gross receipts
- $23,001,187
- Employees
- 39
- Volunteers
- 28
- Year formed
- 1998
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HENRY JIMENEZ | PRESIDENT AND CEO Officer | 40 | $235,410 | $31,776 |
| ELLIE O'BRIEN | VICE PRESIDENT & CFO Officer | 40 | $157,637 | $32,941 |
| GARRETT BACKES | CHIEF ADVANCEMENT OFFICER Officer | 40 | $129,480 | $30,318 |
| MARIO HERNANDEZ | CHIEF PROGRAM OFFICER Officer | 40 | $131,915 | $15,431 |
| NAIMO FARAH | CAPACITY BUILDING DIRECOR Highest-paid employee | 40 | $104,873 | $23,861 |
| HIBO ABDI | LOAN FUND DIRECTOR Highest-paid employee | 40 | $107,360 | $14,148 |
| KATE BARR | PRESIDENT AND CEO (THROUGH MARCH) Officer | 40 | $71,764 | $4,468 |
| JONATHAN BROWN | CHIEF PROGRAM OFFICER (THROUGH MARCH) Officer | 40 | $44,032 | $4,450 |
| SCOTT MARQUARDT | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| TAMARA LOWNEY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SONY MALHOTRA | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| THOMAS ADAMS | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| SARAH CLYNE | PAST CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| GEMA ALVARADO-GUERRERO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATTY PANNKUK | DIRECTOR Trustee or director | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COURTNEY COLBY | DIRECTOR Trustee or director | 2 | $0 |
| HEIDI CHRISTIANSON | DIRECTOR Trustee or director | 2 | $0 |
| JEAN ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| PAUL BABCOCK | DIRECTOR Trustee or director | 2 | $0 |
| SEAN KERSHAW | DIRECTOR Trustee or director | 2 | $0 |
| BRAXTON HAULCY | DIRECTOR Trustee or director | 2 | $0 |
| DOMINIC PAPATOLA | DIRECTOR Trustee or director | 2 | $0 |
| SOOK JIN ONG | DIRECTOR Trustee or director | 2 | $0 |
| SANJEEV SHAH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended March 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATE BARR | PRESIDENT AND CEO Officer | 40 | $199,825 | $27,956 |
| ELLIE O'BRIEN | VICE PRESIDENT & CFO Officer | 40 | $123,554 | $30,338 |
| GARRETT BACKES | CHIEF ADVANCEMENT OFFICER Officer | 40 | $108,280 | $27,084 |
| MARIO HERNANDEZ | DIRECTOR OF STRATEGIC SERVICES Highest-paid employee | 40 | $107,255 | $13,815 |
| JONATHAN BROWN | CHIEF PROGRAM OFFICER Officer | 40 | $99,049 | $20,650 |
| HENRY JIMENEZ | PRESIDENT Officer | 40 | $0 | $0 |
| SARAH CLYNE | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| SCOTT MARQUARDT | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| SEAN KERSHAW | PAST CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| DAVID MITCHELL | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| PAUL BABCOCK | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| JEAN ADAMS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS ADAMS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEMA ALVARADO-GUERRERO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HEIDI CHRISTIANSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| COURTNEY COLBY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRAD KRUSE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAMARA LOWNEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SONY MALHOTRA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATTY PANNKUK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SOOK JIN ONG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SANJEEV SHAH | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 SE MAIN ST STE 600, MINNEAPOLIS, MN 55414-1036
- In care of
- % KATE BARR
- Principal officer (990 for 2024)
- HENRY JIMENEZ, 1 SE MAIN STREET 600, MINNEAPOLIS, MN 55414
- Signed the 990
- HENRY JIMENEZ, PRESIDENT
- Phone
- (612) 249-6700
- Website
- WWW.PROPELNONPROFITS.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF PROPEL NONPROFITS IS TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL. PROPEL NONPROFITS PROVIDES LOANS TO NONPROFITS FOR FACILITIES AND WORKING CAPITAL. WE TRAIN NONPROFIT STAFF AND BOARDS TO UNDERSTAND AND BUILD FINANCIAL HEALTH, CLEAR STRATEGY, AND STRONG GOVERNANCE PRACTICES. WE PROVIDE EXPERT KNOWLEDGE, GUIDANCE, AND INSIGHT FOR NONPROFITS ABOUT GOVERNANCE, PLANNING, FINANCIAL STRATEGY, AND SUSTAINABILITY. WE CONSULT AND GUIDE ON STRATEGY, ORGANIZATIONAL STRUCTURE AND FINANCIAL PLANS, STRATEGIC ALLIANCES, AND GOVERNANCE. WE OFFER NONPROFIT ACCOUNTING SERVICES AND FINANCIAL SYSTEMS REVIEW. WE PROVIDE FISCAL SPONSORSHIP AND SUPPORT FOR EMERGING ORGANIZATIONS AND COLLABORATIONS.
Program accomplishments
- 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 MINNESOTAExpenses $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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1916337
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $61,665,697
- Income (IRS master file)
- $23,001,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $23,001,187 | $12,567,668 | $61,665,697 | XML |
| 990 | March 2024 | $8,635,201 | $10,188,716 | $49,931,879 | XML |
| 990 | March 2023 | $9,328,353 | $12,331,034 | $44,298,816 | IRS |
| 990 | March 2022 | $14,478,230 | $9,007,511 | $49,559,623 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1916337).
Questions about PROPEL NONPROFITS
- What is the EIN of PROPEL NONPROFITS?
- The employer identification number (EIN) of PROPEL NONPROFITS is 41-1916337.
- Is PROPEL NONPROFITS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to PROPEL NONPROFITS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROPEL NONPROFITS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROPEL NONPROFITS due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROPEL NONPROFITS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of PROPEL NONPROFITS?
- The 990 for the year ended March 31, 2025 names HENRY JIMENEZ.
- Who are the officers and directors of PROPEL NONPROFITS?
- The 990 for the year ended March 31, 2025 lists 24 people; 8 received compensation from the organization, the highest $235,410 (HENRY JIMENEZ, PRESIDENT AND CEO).
- How much revenue does PROPEL NONPROFITS have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $23,001,187, expenses of $12,567,668 and total assets of $61,665,697 at year end.
Other nonprofits in MINNEAPOLIS
- MINNEAPOLIS FOUNDATION EIN 41-6029402 · last filed 990 for 2025
- MCKNIGHT FOUNDATION EIN 41-0754835 · last filed 990-PF for 2024
- WELLS FARGO FOUNDATION EIN 41-1367441 · last filed 990-PF for 2025
- BAUSTERT FAMILY FOUNDATION EIN 47-3790400 · last filed 990-PF for 2025
- THE RICHARD M SCHULZE FAMILY FOUNDATION EIN 46-5588406 · last filed 990-PF for 2024
- JOYFUL NOISE CHARITABLE FOUNDATION EIN 41-1978254 · last filed 990-PF for 2024
- GHR FOUNDATION EIN 45-3996122 · last filed 990-PF for 2024
- GREATER TWIN CITIES UNITED WAY EIN 41-1973442 · last filed 990 for 2025
All nonprofits in MINNEAPOLIS · Minnesota · Philanthropy, voluntarism and grantmaking foundations