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501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$397K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.2M a year · 19% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$397K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
15 mo
of spending, in cash
Looks good: 14.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $70K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.8M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.3M
Spent
$7.2M
To programs
86%
Net assets
$14.9M
By yearFY2020–FY2025
Revenue
$8.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$8.3M
FY2021$8.3M
FY2022$14.5M
FY2023$9.3M
FY2024$8.6M
FY2025$23.0M
Expenses
$7.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$7.2M
FY2021$7.5M
FY2022$9.0M
FY2023$12.3M
FY2024$10.2M
FY2025$12.6M
Net assets
$14.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14.9M
FY2021$15.8M
FY2022$21.2M
FY2023$18.2M
FY2024$16.7M
FY2025$27.1M

From the FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2017.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $6.2M Management & general 12% · $829K Fundraising 2% · $152K

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

20 people listed on the 990; $397K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President and CEO
$169,775Pt VII · Sec A
Vice President of Programs
$118,756Pt VII · Sec A
Vice President of Finance & Chief Financial Office
$108,411Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Henry Jimenez’s $235K as President and CEO is at the 51st percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Henry Jimenez$235,410—————
Kate Barr$71,764$199,825$194,346$176,771$183,821$169,775
Ellie O'Brien$157,637$123,554$73,661———
Mario Hernandez$131,915$107,255$102,668———
Garrett Backes$129,480$108,280————
Janet Ogden-Brackett————$118,832$118,756
Keven Ambrus———$115,364$115,019$108,411
Glyn Northington——$110,196$103,493——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Propel Nonprofits executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Strengthens and funds emerging nonprofits, especially those from historically excluded communities, by providing capital, fiscal sponsorship, training, and strategic guidance to maximize their impact.

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Provided by the organization

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3 programs · $5.0M · in their own filed words · FY2019
01

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.

$2.8Mprogram expense
02

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.

$1.5Mprogram expense
03

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…

$704Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Zephyr ImpactFY2025$50K
Total grants receivedfrom 2 funders$70K
Grants paid · 502 grants · $24.6M · 2019–2024
Rooted to LastFY2024$623,250
Good TroubleMN · FY2024$212,423
Spark EducationFY2024$151,120
Rep Community Partners LLCFY2024$125,300
OneminnesotaorgFY2024$99,733
Believe in What's PossibleFY2024$97,620
Memorialize the MovementMN · FY2024$95,068
Afghan Cultural SocietyMN · FY2024$74,326
Hope Health and HousingMN · FY2024$65,000
Tibyan Community CenterMN · FY2024$58,617
Youth Leadership InitiativeMN · FY2024$56,767
The Urban Village INCMN · FY2024$56,704
Ayada LeadsMN · FY2024$56,142
MN Zej ZogMN · FY2024$55,975
See all 502 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$8.3M
Ln 12
Gifts and grantsLn 1h$5.7M
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$65K
Money outPt IX
$7.2M
Ln 25
Programscol B$6.2M
Managementcol C$829K
Fundraisingcol D$152K
Owns and owesPt X
$14.9M
net assets · Ln 32
Cash and savingsLn 1–2$8.9M
Total assetsLn 16$40.7M
LiabilitiesLn 26$25.8M
PeoplePt VI, VII
20
listed · VII A
PaidVII A3
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Government grantsLn 1e$234K
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$65K
Gains on assetsLn 7−$16K
Total revenueLn 12$8.3M
Assets in detailPt X, end of year
CashLn 1$7.4M
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$8.9M
InvestmentsLn 11–13$814K
Land, buildings, equipmentLn 10c$818K
Other assetsLn 15$0
Total assetsLn 16$40.7M
LiabilitiesLn 26$25.8M
Net assetsLn 32$14.9M
OperationsPt I, VI
EmployeesI 532
VolunteersI 630
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$6.2M$8.9M
InvestmentsLn 11–13$1.2M$814K
Land, buildings, equipmentLn 10c$946K$818K
Total assetsLn 16$38.3M$40.7M
LiabilitiesLn 26$24.6M$25.8M
Net assetsLn 32$13.7M$14.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.0M$3.0M
Pay of current officers, directors and key staffLn 5$505K$253K$236K$16K
Other salaries and wagesLn 7$1.6M$1.3M$255K$68K
Pension plan contributionsLn 8$82K$66K$13K$3K
Other employee benefitsLn 9$272K$223K$37K$12K
Payroll taxesLn 10$160K$120K$34K$6K
Management feesLn 11a$7K$588$6K
Legal feesLn 11b$5K$3K$1K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$218K$135K$65K$18K
Advertising and promotionLn 12$25K$24K$572$815
Office expensesLn 13$80K$47K$31K$1K
Information technologyLn 14$91K$73K$16K$2K
OccupancyLn 16$233K$175K$49K$8K
TravelLn 17$36K$23K$6K$7K
Conferences, conventions and meetingsLn 19$38K$34K$3K$2K
InterestLn 20$536K$536K
Depreciation, depletion and amortizationLn 22$196K$148K$42K$7K
InsuranceLn 23$12K$6K$6K$269
Other expenses (24a–d)Ln 24$26K$26K$77
Total functional expensesLn 25$7.2M$6.2M$829K$152K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $23.0M$12.6M$10.4M$27.1M 990 PDF
FY2024 $8.6M$10.2M−$1.6M$16.7M 990 PDF
FY2023 $9.3M$12.3M−$3.0M$18.2M 990 PDF
FY2022 $14.5M$9.0M$5.5M$21.2M 990 PDF
FY2021 $8.3M$7.5M$870K$15.8M 990 PDF
FY2020 Viewing $8.3M$7.2M$1.2M$14.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $8,339,894 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,598,397$5,703,358
I-9 Program service revenuePrior year $2,523,581$2,571,914
I-10 Investment incomePrior year $25,344$64,622
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $8,147,322$8,339,894
I-13 Grants and similar amounts paidPrior year $3,460,388$2,969,627
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,592,839$2,654,295
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,425,873$1,531,504
I-18 Total expensesPrior year $7,479,100$7,155,426
I-19 Revenue less expensesPrior year $668,222$1,184,468
Part VI · Governance 17 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,339,894 across 8 lines filed
VIII-1d Related organizations$827,500
VIII-1e Government grants$234,013
VIII-1f All other contributions, gifts and grants$4,641,845
VIII-1h Total contributions, gifts and grants$5,703,358
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,571,914$2,571,914
VIII-3 Investment incomeExcluded from tax $80,433$80,433
VIII-7 Net gain or loss on sales of assetsRelated to mission −$15,811−$15,811
VIII-12 Total revenueRelated to mission $2,556,103 · Unrelated business $0 · Excluded from tax $80,433$8,339,894
Part IX · Statement of functional expenses $7,155,426 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $2,969,627$2,969,627
IX-5 Pay of current officers, directors and key staffPrograms $252,856 · Management $236,161 · Fundraising $16,206$505,223
IX-7 Other salaries and wagesPrograms $1,312,528 · Management $254,691 · Fundraising $67,905$1,635,124
IX-8 Pension plan contributionsPrograms $65,626 · Management $12,735 · Fundraising $3,395$81,756
IX-9 Other employee benefitsPrograms $222,788 · Management $37,184 · Fundraising $11,754$271,726
IX-10 Payroll taxesPrograms $120,054 · Management $34,349 · Fundraising $6,063$160,466
IX-11a Management feesPrograms $588 · Management $6,327$6,915
IX-11b Legal feesPrograms $3,492 · Management $1,454$4,946
IX-11c Accounting feesManagement $28,446$28,446
IX-11g Other fees for servicesPrograms $135,198 · Management $64,540 · Fundraising $18,000$217,738
IX-12 Advertising and promotionPrograms $23,687 · Management $572 · Fundraising $815$25,074
IX-13 Office expensesPrograms $47,250 · Management $31,396 · Fundraising $1,427$80,073
IX-14 Information technologyPrograms $72,964 · Management $16,033 · Fundraising $2,359$91,356
IX-16 OccupancyPrograms $175,067 · Management $49,468 · Fundraising $8,440$232,975
IX-17 TravelPrograms $23,055 · Management $5,535 · Fundraising $6,965$35,555
IX-19 Conferences, conventions and meetingsPrograms $34,139 · Management $2,547 · Fundraising $1,748$38,434
IX-20 InterestPrograms $535,802$535,802
IX-22 Depreciation, depletion and amortizationPrograms $147,593 · Management $42,042 · Fundraising $6,747$196,382
IX-23 InsurancePrograms $5,882 · Management $5,587 · Fundraising $269$11,738
IX-24 Other expenses (24a–d)Programs $25,993 · Management $77$26,070
IX-25 Total functional expensesPrograms $6,174,189 · Management $829,144 · Fundraising $152,093$7,155,426
Part X · Balance sheet $40,727,822 assets, 21 lines filed
Asset lines not itemized here account for $28,420,091; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,432,280$7,396,961
X-2 Savings and temporary cash investmentsStart of year $1,744,312$1,511,000
X-3 Pledges and grants receivableStart of year $875,212$1,484,920
X-4 Accounts receivableStart of year $124,613$160,295
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $89,233$122,811
X-10c Land, buildings and equipment, netStart of year $946,451$818,022
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $1,195,015$813,722
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $60,811$0
X-16 Total assetsStart of year $38,277,659$40,727,822
X-17 Accounts payable and accrued expensesStart of year $685,326$667,487
X-19 Deferred revenueStart of year $10,675$576,190
X-24 Unsecured notes and loans payableStart of year $22,749,850$23,520,622
X-26 Total liabilitiesStart of year $24,579,547$25,845,242
X-27 Net assets without donor restrictionsStart of year $11,008,914$11,606,718
X-28 Net assets with donor restrictionsStart of year $2,689,198$3,275,862
X-32 Total net assets or fund balancesStart of year $13,698,112$14,882,580
X-33 Total liabilities and net assetsStart of year $38,277,659$40,727,822
Part XI · Reconciliation of net assets $14,882,580 net assets at year end
XI-1 Total revenue$8,339,894
XI-2 Total expenses$7,155,426
XI-3 Revenue less expenses$1,184,468
XI-4 Net assets at start of year$13,698,112
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,882,580

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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