Nonprofit · EIN 88-3768867
NONPROFIT FINANCIAL COMMONS
Tax-exempt · MINNEAPOLIS, MN 55415
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $280,913 | $209,065 | $71,848 | $103,547 | $49,013 | $54,534 |
| June 30, 2024 | 990 | $635,827 | $653,141 | -$17,314 | $26,425 | $43,739 | -$17,314 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $196,713
- Program service revenue
- $83,445
- Investment income
- $0
- Other revenue
- $755
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $98,109
- Salaries, compensation and benefits (total)
- $105,833
- Professional fundraising fees
- $0
- Accounting fees
- $20,776
- Program services (functional)
- $152,881
- Management and general (functional)
- $45,344
- Fundraising (functional)
- $10,840
Balance sheet and other
- Total assets, start of year
- $26,425
- Total assets, end of year
- $103,547
- Total liabilities, end of year
- $49,013
- Net assets, end of year
- $54,534
- Net assets without donor restrictions
- $54,534
- Gross receipts
- $280,913
- Employees
- 2
- Volunteers
- 50
- Year formed
- 2022
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID RENZ | BOARD CHAIR Trustee or director, Officer | 3 | $0 |
| LISSETTE RODRIGUEZ | BOARD MEMBER Trustee or director | 2 | $0 |
| VERNETTA WALKER | BOARD MEMBER Trustee or director | 1 | $0 |
| CARLO CUESTA | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARVIN WEBB | EXECUTIVE DIRECTOR Officer | 40 | $41,293 |
| DAVID RENZ | BOARD CHAIR Trustee or director, Officer | 3 | $0 |
| CARLO CUESTA | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 |
| LISSETTE RODRIGUEZ | BOARD MEMBER Trustee or director | 2 | $0 |
| VERNETTA WALKER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 400 S 4TH STREET, MINNEAPOLIS, MN 55415-1411
- In care of
- % DAVID O RENZ
- Mailing address (990-N for 2022)
- 1 SE MAIN ST SUITE 600, MINNEAPOLIS MN 55414
- Principal officer (990 for 2024)
- DAVID RENZ, 400 S 4TH ST STE 401 PMB 1003, MINNEAPOLIS, MN 554141036
- Principal officer (990-N for 2022)
- MARVIN WEBB, 1 SE MAIN ST SUITE 600, MINNEAPOLIS MN 55414
- Signed the 990
- DAVID RENZ, BOARD CHAIR
- Phone
- (612) 238-2812
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
THE FINANCIAL COMMONS-A NATIONAL PEER-LED NETWORK-SUPPORTS A COMMUNITY OF NONPROFIT FINANCE LEADERS AND OTHERS TO SHARE KNOWLEDGE, IDEAS, AND EXPERIENCES. IT ALSO SUPPORTS THOSE WITH MUTUAL INTEREST IN ACTING AS ADVOCATES.
Program accomplishments
- GENERAL PROGRAMS - THE NONPROFIT FINANCIAL COMMONS IS AN ONLINE RESOURCE WHERE NONPROFIT LEADERS CAN HONE THEIR FINANCIAL STRATEGY AND MANAGEMENT SKILLS IN WAYS THAT ARE IMMEDIATELY USEFUL AND TAILORED TO CONTEXT NO MATTER THE SIZE, LOCATION OR FIELD OF ENDEAVOR. THE VENUE, WHICH IS ENTIRELY ONLINE, ALLOWS NONPROFIT LEADERS TO MAKE WISE FINANCIAL CHOICES AND AVOID COSTLY MISTAKES, THROUGH ENSURING THAT THE INFORMATION THEY RECEIVE HAS BEEN INFORMED, TESTED IN PRACTICE AND EVALUATED BY NONPROFIT PEERS. THE PROGRAM INCLUDES MONTHLY PARTICIPATORY ONLINE EVENTS ON CURRENT TOPICS, A NEWSLETTER, DISCUSSION FORUM AND A CURATED LIBRARY OF RESOURCES INCLUDING VIDEOS OF PAST EVENTS, WRITTEN MATERIALS AND TOOLS. NFC IS BUILT AROUND KNOWLEDGE BUILT THROUGH EXPERIENCE, BUT IT ALSO ATTEMPTS TO ADVANCE THAT KNOWLEDGE AT THE CUTTING EDGE OF PRACTICE. NFC CENTERS THE EXPERIENCES OF GROUPS THAT REPRESENT MARGINALIZED POPULATIONS TO ENSURE BROAD INCLUSIVITY.Expenses $152,881 · revenue $83,444
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 88-3768867
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S50)
- Assets (IRS master file)
- $103,547
- Income (IRS master file)
- $280,913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $280,913 | $209,065 | $103,547 | XML |
| 990 | June 2024 | $635,827 | $653,141 | $26,425 | XML |
| 990-N for 2022 Officer: MARVIN WEBB | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-3768867).
Questions about NONPROFIT FINANCIAL COMMONS
- What is the EIN of NONPROFIT FINANCIAL COMMONS?
- The employer identification number (EIN) of NONPROFIT FINANCIAL COMMONS is 88-3768867.
- Is NONPROFIT FINANCIAL COMMONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to NONPROFIT FINANCIAL COMMONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NONPROFIT FINANCIAL COMMONS 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 NONPROFIT FINANCIAL COMMONS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NONPROFIT FINANCIAL COMMONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NONPROFIT FINANCIAL COMMONS?
- The 990 for the year ended June 30, 2025 names DAVID RENZ.
- Who are the officers and directors of NONPROFIT FINANCIAL COMMONS?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does NONPROFIT FINANCIAL COMMONS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $280,913, expenses of $209,065 and total assets of $103,547 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building