Catalyst Community Partners

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Catalyst Community Partners is a Community developer that revitalizes distressed commercial corridors by developing vacant properties and cultivating sustainable businesses that enhance livability and provide neighborhood jobs.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1870077) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $170K a year · 29% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
76% of spending went to programs.
Pt IX · Ln 25 · col B
2.3 mo
of spending, in cash
2.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
85% of total assets
Liabilities are 85% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$285K
+58% vs prior year
Spent
$437K
To programs
76%
Net assets
$268K
By yearFY2020–FY2024
Revenue
$285K
FY2024▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$950K
FY2021$1.1M
FY2022$425K
FY2023$181K
FY2024$285K
Expenses
$437K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$784K
FY2021$1.4M
FY2022$646K
FY2023$486K
FY2024$437K
Net assets
$268K
FY2024▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$947K
FY2022$726K
FY2023$421K
FY2024$268K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $331K Management & general 24% · $106K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Catalyst Community Partners executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes distressed commercial areas by developing vacant properties and fostering sustainable businesses.

Questions for Catalyst Community Partners

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3 programs · $331K · in their own filed words · FY2024
01

Commercial property revitalization since 2004, catalyst has completed 12 commercial projects in the west broadway area of north minneapolis, more than any other organization. Catalyst brings blighted, often historic properties back into service and creates jobs for local and minority construction workers.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1870077) · Dispute this line
$327Kprogram expense
02

Business development catalyst's redevelopment efforts brought an estimated in excess of 250 jobs and more than 40 employers to north minneapolis in the past eight years. Catalyst's kindred kitchen food incubator program supports local food entrepreneurs in launching and growing their small businesses.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1870077) · Dispute this line
$3Kprogram expense
03

Community engagement catalyst promotes a comprehensive approach to community development by facilitating a community development committee and collaborating with multiple agencies and partners.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1870077) · Dispute this line
$2Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$285K
Ln 12
Fees for servicesLn 2g$191K
Other incomeLn 4–11$94K
Money outPt IX
$437K
Ln 25
Programscol B$331K
Managementcol C$106K
Owns and owesPt X
$268K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$191K
Other incomeLn 4–11$94K
Total revenueLn 12$285K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Accounts receivableLn 4$103K
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$280
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.5M
Net assetsLn 32$268K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$313K$84K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$2.0M$1.7M
LiabilitiesLn 26$1.5M$1.5M
Net assetsLn 32$421K$268K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$36K$36K
Accounting feesLn 11c$58K$58K
InterestLn 20$96K$86K$10K
Depreciation, depletion and amortizationLn 22$83K$83K
InsuranceLn 23$9K$6K$2K
Other expenses (24a–d)Ln 24$104K$104K
All other expensesLn 24e$52K$52K
Total functional expensesLn 25$437K$331K$106K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 24, 2025 $285K$437K−$153K$268K 990 PDF
FY2023Filed with the IRS Oct 25, 2024 $181K$486K−$305K$421K 990 PDF
FY2022Filed with the IRS Jun 7, 2023 $425K$646K−$221K$726K 990 PDF
FY2021Filed with the IRS May 26, 2022 $1.1M$1.4M−$337K$947K 990 PDF
FY2020Filed with the IRS Jul 15, 2021 $950K$784K$165K$1.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $284,765 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $180,698$191,015
I-10 Investment income$0
I-11 Other revenue$93,750
I-12 Total revenuePrior year $180,698$284,765
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $486,083$437,467
I-18 Total expensesPrior year $486,083$437,467
I-19 Revenue less expensesPrior year −$305,385−$152,702
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $284,765 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $191,015$191,015
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $93,750$93,750
VIII-12 Total revenueRelated to mission $191,015 · Excluded from tax $93,750$284,765
Part IX · Statement of functional expenses $437,467 across 7 lines filed
IX-11a Management feesManagement $36,443$36,443
IX-11c Accounting feesManagement $57,806$57,806
IX-20 InterestPrograms $86,118 · Management $9,569$95,687
IX-22 Depreciation, depletion and amortizationPrograms $82,650$82,650
IX-23 InsurancePrograms $6,395 · Management $2,487$8,882
IX-24 Other expenses (24a–d)Programs $104,359$104,359
IX-24e All other expensesPrograms $51,640$51,640
IX-25 Total functional expensesPrograms $331,162 · Management $106,305 · Fundraising $0$437,467
Part X · Balance sheet $1,734,385 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $312,536$84,293
X-4 Accounts receivableStart of year $27,232$103,144
X-9 Prepaid expenses and deferred chargesStart of year $1,508$1,332
X-10c Land, buildings and equipment, netStart of year $1,622,325$1,545,336
X-15 Other assets$280
X-16 Total assetsStart of year $1,963,601$1,734,385
X-17 Accounts payable and accrued expensesStart of year $26,723$44,039
X-23 Secured mortgages and notes payableStart of year $1,516,209$1,422,379
X-26 Total liabilitiesStart of year $1,542,932$1,466,418
X-27 Net assets without donor restrictionsStart of year $420,669$267,967
X-32 Total net assets or fund balancesStart of year $420,669$267,967
X-33 Total liabilities and net assetsStart of year $1,963,601$1,734,385
Part XI · Reconciliation of net assets $267,967 net assets at year end
XI-1 Total revenue$284,765
XI-2 Total expenses$437,467
XI-3 Revenue less expenses−$152,702
XI-4 Net assets at start of year$420,669
XI-10 Net assets at end of year$267,967

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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