PROPEL NONPROFITS

MINNEAPOLIS, MN, 55414-1036 (612) 249-6700 Est. 1998 EIN 41-1916337
T11 - Single Organization Support 990 - Public charity return 501(c)(3)
www.propelnonprofits.org

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.

Giving Portfolio

Total Grants
502
Total Giving
$24.6M
Recipients
495
Years Active
2019 - 2024
Avg grant: $48,887 Median: $23,179

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202484$4.3M $52K2955
202393$3.9M $42K4944
2022107$6.3M $59K5354
202183$4.3M $51K4240
202080$2.9M $37K4334
201955$2.9M $53K520

Sectors Funded

Arts, Culture & Humanities
138
Human Services
74
Education
40
Community Improvement
24
Civil Rights & Advocacy
17
Youth Development
17
Housing & Shelter
10
Employment
9
and 15 more sectors

Top States

Minnesota
491
South Dakota
5
North Dakota
3
Wisconsin
2
Massachusetts
1

Grantee Size Profile

$100K - $500K
156
$1M - $5M
105
$500K - $1M
80
Under $100K
32
$5M - $10M
13
$10M - $50M
10
Over $50M
3

Top Grantees

Page 1 of 3
MN - 4 grants
$1.5M
ROOTED TO LAST
MN
$623K
$523K
SD - 2 grants
$515K
SPARK EDUCATION
MN - 3 grants
$450K
MN - 4 grants
$364K

Grants Awarded · 428 grants

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Financials

Total Revenue
$23,001,187
Total Expenses
$12,567,668
Net Assets
$27,107,039
39 employees 28 volunteers
From latest filing (tax period ending 2025-03-31)

Financial Health

Operating Reserve
2.2 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 166.4%
Expenses ↑ 23.3%
Revenue Sources
Contributions 84.2% Earned revenue 13.0% Investment 2.7%
Expense Breakdown
Program 85.9% Management 10.8% Fundraising 3.4%

Officers & Trustees (24)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Apr 1, 2024 to Mar 31, 2025
$23,001,187 ↑$12,567,668$27,107,039
2023 990 - Public charity return
Apr 1, 2023 to Mar 31, 2024
$8,635,201 ↓$10,188,716$16,673,520
2022 990 - Public charity return
Apr 1, 2022 to Mar 31, 2023
$9,328,353 ↓$12,331,034$18,227,035
2021 990 - Public charity return
Apr 1, 2021 to Mar 31, 2022
$14,478,230 ↑$9,007,511$21,226,285
2020 990 - Public charity return
Apr 1, 2020 to Mar 31, 2021
$7,736,774 ↓$7,474,313$15,145,041
2019 990 - Public charity return
Apr 1, 2019 to Mar 31, 2020
$8,339,894 $7,155,426$14,882,580

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EIN: 41-1916337 · Source: IRS Form 990 e-file data