Overview
What is Propel Nonprofits?
Propel Nonprofits, situated in Minneapolis, Minnesota, is a dedicated organization that supports the growth and success of various nonprofits. Their mission is to amplify the impact and efficiency of these organizations by offering guidance, expertise, and necessary capital. Propel provides loans to nonprofits for facility expenses and working capital. They offer training programs to enhance financial health, strategic planning, and governance practices among nonprofit staff and boards. Propel's knowledge and guidance cover areas such as governance, planning, financial strategy, and sustainability. They also consult on strategy, organizational structure, financial plans, strategic alliances, and governance. Additionally, Propel offers nonprofit accounting services and fiscal sponsorship, supporting emerging organizations and collaborations. In FY23, they administered a grant program to strengthen the infrastructure of 40 small, culturally led organizations.
Official website here: www.propelnonprofits.org
Is Propel Nonprofits legitimate?
Propel Nonprofits is a legitimate nonprofit organization registered as a 501(c)(3) entity. Propel Nonprofits submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $348,317
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,198,073
For more financial information, click here
Official website here: www.propelnonprofits.org
What is the mission statement of Propel Nonprofits?
Propel Nonprofits' mission is centered around boosting the impact and efficiency of nonprofit organizations. They accomplish this by offering guidance, expertise, and financial support. Specifically, Propel Nonprofits provides loans for facilities and working capital to nonprofits. They also offer training programs for nonprofit staff and boards to enhance financial health, strategic planning, and strong governance practices. Propel Nonprofits offers expert advice on various aspects of nonprofit management, such as governance, planning, financial strategy, and sustainability. They consult on strategy, organizational structure, financial plans, strategic alliances, and governance. Propel Nonprofits also provides nonprofit accounting services and reviews financial systems. Furthermore, they offer fiscal sponsorship and support for emerging organizations and collaborations.
Official website here: www.propelnonprofits.org
Who is the CEO of Propel Nonprofits?
Kate Barr is the Chair of Propel Nonprofits. The CEO's salary of Propel Nonprofits is $194,346 and their total compensation is $220,391.
Official website here: www.propelnonprofits.org
What is the revenue of Propel Nonprofits?
Who are the executives of Propel Nonprofits and what are their salaries?
The average compensation at Propel Nonprofits during 2023 was $68,821. There are 37 employees and 28 volunteers at Propel Nonprofits.
Here are 24 key members and their salaries (Propel Nonprofits's CEO's salary is $194,346 and their total compensation is $220,391):
- Kate Barr (President And Ceo)
- Glyn Northington (Senior Program Director)
- Mario Hernandez (Director Of Strategic Services)
- Ellie O'Brien (Vice President & Cfo)
- Keven Ambrus Left 32022 (Vice President Of Finance And Cfo)
- Sarah Clyne (Chair) [Trustee/Director]
- Sean Kershaw (Past Chair) [Trustee/Director]
- David Mitchell (Treasurer) [Trustee/Director]
- Paul Babcock (Secretary) [Trustee/Director]
- Jean Adams (Board Member) [Trustee/Director]
- Thomas Adams (Board Member) [Trustee/Director]
- Gema Alvarado-Guerrero (Board Member) [Trustee/Director]
- Heidi Christianson (Board Member) [Trustee/Director]
- Courtney Colby (Board Member) [Trustee/Director]
- Brad Kruse (Board Member) [Trustee/Director]
- Tamara Lowney (Board Member) [Trustee/Director]
- Scott Marquardt (Board Member) [Trustee/Director]
- Sony Malhotra (Board Member) [Trustee/Director]
- Patty Pannkuk (Board Member) [Trustee/Director]
- Gary Taverna Left 22022 (Board Member) [Trustee/Director]
- Bo Thao-Urabe Left 52022 (Board Member) [Trustee/Director]
- Diane Tran (Board Member) [Trustee/Director]
- Marcus Owens (Board Member (Left 02/2022)) [Trustee/Director]
- Elizabeth Topoluk (Board Member) [Trustee/Director]
Official website here: www.propelnonprofits.org
Where can I find the form 990 for Propel Nonprofits?
The Propel Nonprofits’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.propelnonprofits.org
Learn more at the official website: www.propelnonprofits.org
Mission Statement of Propel Nonprofits
Propel Nonprofits, an organization dedicated to enhancing the impact and effectiveness of nonprofit entities, fulfills its mission by providing guidance, expertise, and capital. The primary goal of Propel Nonprofits is to fuel the growth and success of nonprofit organizations. They achieve this by offering loans for facilities and working capital, training nonprofit staff and boards in financial health, strategy, and governance practices, and providing expert knowledge and guidance on various aspects of nonprofit management, such as governance, planning, financial strategy, and sustainability. Propel Nonprofits also consults and guides nonprofits on strategy, organizational structure, financial plans, strategic alliances, and governance. Additionally, they provide nonprofit accounting services and review financial systems, offer fiscal sponsorship for emerging organizations and collaborations, and support nonprofits in need.
Impact
This information is meant to be a general summary of Propel Nonprofits. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Propel Nonprofits fuels the impact and effectiveness of organizations by providing guidance, expertise, and capital. They offer training, capacity building, and knowledge sharing opportunities on topics such as financial management, accounting, governance, business models, and social enterprise. In the past fiscal year, Propel Nonprofits presented a total of 101 trainings to 3,999 participants and facilitated various leadership circles and cohorts. They also administered grants to support small culturally led organizations and worked on initiatives to nurture emerging arts and culture organizations run by and for underrepresented communities. This organization based in Minneapolis, MN, plays a vital role in strengthening the infrastructure and sustainability of nonprofit organizations, ultimately contributing to the advancement of their missions and communities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST REVENUE
Revenue
$1,486,310
CLIENT FEE AND CONTRAC
Revenue
$571,556
WORKSHOP AND TRAINING
Revenue
$113,662
LOAN FEE REVENUE
Revenue
$68,677
Organization Details
Founding Year
1998
Phone
(612) 249-6700
Principal Officer
Kate Barr
Main Address
1 SE MAIN STREET 600, MINNEAPOLIS, MN, 55414
Website
www.propelnonprofits.org
NTEE Category
Code: T11 - Philanthropy
If you are a representative of Propel Nonprofits and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.