Organizations Filed Purposes:
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.
TO FUEL THE IMPACT AND EFFECTIVENESS OF NONPROFITS WITH GUIDANCE, EXPERTISE, AND CAPITAL.
LENDING: AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE US 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 CREDIT MARKETS. LOANS ARE AS LARGE AS $1 MILLION AND AS SMALL AS $10,000. OVERALL, WE MADE 112 NEW LOANS IN FY2020 TOTALING $19,798,106. OUR LENDING IMPACTED ORGANIZATIONS WORKING IN HEALTH CARE, HUMAN SERVICES, ARTS AND HUMANITIES, CHARTER SCHOOLS, COMMUNITY DEVELOPMENT, AND AFFORDABLE HOUSING. BY PARTNERING WITH OTHER CAPITAL PROVIDERS, WE ALSO LEVERAGED ADDITIONAL FUNDS OF $19 MILLION INTO THE COMMUNITY. WITHIN THE LENDING PROGRAM, PROPEL NONPROFITS HAS CONTINUED THE INNOVATIVE EQUITY BUILDER LOAN PROGRAM. THIS PROGRAM INCLUDES INTENSE TECHNICAL ASSISTANCE, A COHORT LEARNING PROCESS, LOAN FORGIVENESS, AND A STRUCTURED SAVINGS PROGRAM THAT BRINGS EQUITY TO THE BALANCE SHEETS OF MINNESOTA-BASED ARTS AND CULTURE NONPROFITS. ULTIMATELY, THE GOAL IS TO ALLOW THE LEADERS OF THESE ORGANIZATIONS TO BE MORE STRATEGIC AND VISIONARY IN THEIR WORK.
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 OR 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. THESE FUNDS ARE TREATED AS CONTRIBUTIONS WITH DONOR RESTRICTIONS WHEN RECEIVED BY PROPEL NONPROFITS. THESE FUNDS ARE RELEASED FROM RESTRICTION AS PROPEL NONPROFITS IN TURN GRANTS THEM TO THE FISCALLY SPONSORED RECIPIENTS. PROPEL NONPROFITS ULTIMATELY RETAINS THE DISCRETION TO REDIRECT THE FUNDS TO ANOTHER ENTITY IF NEEDED IN ORDER TO ACCOMPLISH THE PURPOSE OF THE CONTRIBUTION AS ORIGINALLY RESTRICTED BY ITS DONOR. ONCE THE FUNDS HAVE BEEN GRANTED TO THE FISCALLY SPONSORED CLIENT, THE CLIENT HAS THE OPTION TO HOLD AND MANAGE THOSE FUNDS ON ITS OWN OR ENTER AN ARRANGEMENT WITH PROPEL NONPROFITS IN WHICH PROPEL ADMINISTERS THE FUNDS ON BEHALF OF THE CLIENT. ALONG WITH THE FISCAL MANAGEMENT OPTION, PROPEL NONPROFITS PROVIDES EXTENSIVE TECHNICAL ASSISTANCE ON TOPICS SUCH AS FINANCIAL LEADERSHIP, BOARD GOVERNANCE, NONPROFIT BUSINESS MODELS, AND STRATEGY PLANNING.
STRATEGIC SERVICES: PROPEL BELIEVES THAT NONPROFITS ARE EXPERTS IN THEIR OWN PURPOSE, MISSION, CULTURE, AND APPROACH TO THEIR OWN WORK. AT PROPEL WE SEE OUR ROLE AS A MUTUAL PARTNER THAT ASSIST NONPROFITS ALIGN THEIR VISION, GET THEIR BOARDS AND LEADERSHIP TEAMS ON THE SAME PAGE, LEVERAGE CONFLICT FOR BETTER COMMUNICATION, AND HELP EQUIP NONPROFITS WITH THE TOOLS TO BE MORE EFFECTIVE WITH REACHING THEIR MISSION. THE TOOLS THAT PROPEL USE ARE STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT, BOARD DEVELOPMENT, AND LEADERSHIP TRANSITION.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Kate Barr | PRESIDENT AND CEO | 40 | $169,775 |
| Janet Ogden-Brackett | VICE PRESIDENT OF PROGRAMS | 40 | $118,756 |
| Keven Ambrus | VICE PRESIDENT OF FINANCE & CHIEF FINANCIAL OFFICE | 40 | $108,411 |
| Elizabeth Topoluk | TREASURER | 3 | $0 |
| Sean Kershaw | CHAIR | 4 | $0 |
| Sarah Clyne | VICE CHAIR | 3 | $0 |
| Paul Babcock | BOARD MEMBER | 2 | $0 |
| Diane Tran | BOARD MEMBER | 2 | $0 |
| Bo Thao-Urabe | BOARD MEMBER | 2 | $0 |
| Gary Taverna | BOARD MEMBER | 2 | $0 |
| Magui Rubalcava Schulman | BOARD MEMBER | 2 | $0 |
| Patty Pannkuk | BOARD MEMBER | 2 | $0 |
| Marcus Owens | BOARD MEMBER | 2 | $0 |
| David Mitchell | BOARD MEMBER | 2 | $0 |
| Sony Malhotra | BOARD MEMBER | 2 | $0 |
| Scott Marquardt | BOARD MEMBER | 2 | $0 |
| Brad Kruse | BOARD MEMBER | 2 | $0 |
| Courtney Colby | BOARD MEMBER | 2 | $0 |
| Heidi Christianson | BOARD MEMBER | 2 | $0 |
| Jean Adams | BOARD MEMBER | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202100469349301400_public.xml