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Intermediary Profile Report |
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Organization:
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Nonprofits Assistance Fund
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Program
ID Number:
I-32
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Date
Profile Created:
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March 10, 2010
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Date Profile
Last Updated:
March 10, 2010
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Program Summary:
The Nonprofits Assistance Fund, formerly Community Loan Technologies, is an intermediary organized as a support organization of the Minneapolis Foundation. It assists nonprofits in Minnesota and adjacent communities in the Upper Midwest region. Its mission is to build financially healthy nonprofit organizations that foster community vitality. The fund (1) provides loans that offer financial support and flexibility; (2) helps organizations implement healthier financial practices through training and resources; and (3) offers strategic financial guidance. Its work helps nonprofits realize their own visions of sustainability, transformation and success.
The revolving loan fund has made over 1,700 loans totaling $73 million to nonprofits in every field of service. Loans of $5,000 to $500,000 are available for working capital, short term cash flow needs and capital projects. In addition to providing financing, staff works with the management and boards of organizations to plan for long-term financial stability through financial management training workshops and one-to-one technical assistance. A variety of on-line publications and resources are also available, including relevant studies and articles, useful links, and financial reporting templates and models.
Partners in this effort include the Robert Wood Johnson Foundation, the McKnight Fund, the Minnesota Department of Health's Office of Rural Health and Primary Care, Calvert Foundation, and numerous financial institutions.
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Address:
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2801 21st Avenue South, Suite 210
Minneapolis, MN 55407
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Date
Program Began:
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1980
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Total
Funds Awarded for Most Recent Fiscal Year:
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$6,700,000
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Date
Program Scheduled to End:
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N/A
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Total
Capacity-Building Operating Expenses for Most Recent
Fiscal Year:
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N/A
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How
Program is Operated:
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Run internally by the intermediary
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Number
Staff/Consultants:
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10/0
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Background
Materials Available:
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Yes
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Geographic
Areas Served:
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National:
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Yes
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International:
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No
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Selected States:
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Minnesota
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Geographic Details:
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Upper Midwest region
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Types
of Capacity-Building Assistance Offered to Nonprofits:
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1.
Grants:
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2.
Direct
Service:
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3.
Direct
Financial Support:
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Categorical
General
Part of Larger Grant
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Assessment of Service Needs
Convening
Education/Training for Groups of Nonprofits
Information and Referral
Infrastructure for Peer Networking
Participation in Community Capacity-Building Initiative
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Facilities/Equipment Support
General Operating Support
Loans
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Grants
Offered to Capacity-Building Service
Providers and Intermediaries:
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Support
for Services to Nonprofits:
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N/A
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General
Support:
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N/A
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Grants
Offered to Support Overall Capacity-Building Infrastructure:
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N/A
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Areas
of Nonprofit Operations Supported:
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How
Funding/Service Decisions Are Made:
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Administration + Finance
Fund Development
Governance (Board/Executive)
Information/Technology Support
Planning
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Application by Potential Recipient – Intermediary Selection
Pro-active Identification of Applicants by Intermediary
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Collaborating Organizations:
N/A
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Capacity-Building
Work Evaluated:
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Yes
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Evaluation
Results Available:
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No
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Frequency
of Evaluation:
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Ongoing
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Type
of Evaluation:
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Both Internal and External
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Summary of Evaluation Lessons Learned:
N/A
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Copyright © 2010 Human Interaction Research Institute www.humaninteract.org
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