Home › Philanthropy, voluntarism & grantmaking
Propel Nonprofits
Propel Nonprofits reported $23.0 million in revenue and $12.6 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $85.88 went to program services, $10.76 to management and general costs and $3.36 to fundraising. Its largest source of revenue was contributions and grants: 84.2% of the total. Government grants made up 24.7%. The highest compensation it reported for one person was $267,186 (PRESIDENT AND CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 176% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.9% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.8% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.4% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 84.2% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 24.7% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 13.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $267,186 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.13% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 7 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 25.9 | 56.6 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseLending:as a community development financial institution (cdfi) certified by the U.S. 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 markets. Loans are as large as $1.2 million and as small as $5,000. Overall, we made 73 new…
Capacity building initiatives:Propel Nonprofits intermediary capacity building initiatives aim to provide funding and relevant infrastructure to support minnesota nonprofits. In FY25, there were four active initiatives: seeding cultural treasures, nonprofit infrastructure grant program (nigp), cbi target, and rooted to last.in FY25, propel awarded $2.2 million to 55 culturally led nonprofit organizations for infrastructure funding through nigp. The 2023 - 2025 round of nigp funding is made possible through a $4 million appropriation coming through the minnesota department of employment and…
Fiscal sponsorship:Propel Nonprofits fiscal sponsorship program supports emerging nonprofit organizations and projects that advance charitable causes and uplift their communities. We provide resources, consulting, technical assistance, and the ability to accept donations to our fiscally sponsored partners, especially those from historically excluded groups.-60 fiscally sponsored projects in FY25-$5,111,256 raised by/for clients in FY25-63% bipoc-led-10% greater minnesota
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 40.00 hrs/week | $235,410 | $0 | $31,776 | $267,186 |
| VICE PRESIDENT & CFO Officer, 40.00 hrs/week | $157,637 | $0 | $32,941 | $190,578 |
| CHIEF ADVANCEMENT OFFICER Officer, 40.00 hrs/week | $129,480 | $0 | $30,318 | $159,798 |
| CHIEF PROGRAM OFFICER Officer, 40.00 hrs/week | $131,915 | $0 | $15,431 | $147,346 |
| CAPACITY BUILDING DIRECOR Highest compensated employee, 40.00 hrs/week | $104,873 | $0 | $23,861 | $128,734 |
| LOAN FUND DIRECTOR Highest compensated employee, 40.00 hrs/week | $107,360 | $0 | $14,148 | $121,508 |
| PRESIDENT AND CEO (THROUGH MARCH) Officer, 40.00 hrs/week | $71,764 | $0 | $4,468 | $76,232 |
| CHIEF PROGRAM OFFICER (THROUGH MARCH) Officer, 40.00 hrs/week | $44,032 | $0 | $4,450 | $48,482 |
7 people received more than $100,000 in reportable compensation from Propel Nonprofits (Part VII, line 2). Compensation of current officers, directors and key employees totaled $780K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 539
- Volunteers Part I, line 628
Private foundation grants it received
14 private foundations reported grants to Propel Nonprofits totaling $1.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Propel Nonprofits's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Propel Nonprofits, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Propel Nonprofits spent in FY2025, $85.88 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Jewish Federation of Omaha FoundationOmaha, NE · revenue $23M · programs 95.0% · FY2025
- Community Foundation AllianceEvansville, IN · revenue $23M · programs 88.2% · FY2025
- Omni Behavioral HealthOmaha, NE · revenue $23M · programs 82.2% · 2024
- Community Foundation of Greater HuntsvilleHuntsville, AL · revenue $23M · programs 92.0% · 2024
- Wyoming Community FoundationLaramie, WY · revenue $23M · programs 86.5% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in Minnesota
Questions people ask
How much of Propel Nonprofits's spending goes to programs?
In the fiscal year ending March 31, 2025, Propel Nonprofits reported that 85.9% of its $12.6 million in expenses went to program services, 10.8% to management and general and 3.4% to fundraising (Form 990, Part IX).
How much does Propel Nonprofits pay its top executive?
The largest total compensation Propel Nonprofits reported for one person in the fiscal year ending March 31, 2025 was $267,186, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Propel Nonprofits get its money?
Of $23.0 million in revenue in the fiscal year ending March 31, 2025, 84.2% came from contributions and grants (including 24.7% from government grants) and 13.0% from program service revenue (Form 990, Part VIII).
Is Propel Nonprofits a registered charity?
The IRS lists EIN 41-1916337 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202503429349301305 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202423419349300207 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202322629349300107 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202320449349300007 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021 (amended), object 202223569349301102 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202100469349301400 · read the filing
All filings for EIN 41-1916337: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.