Fmw Nonprofit Solutions
- Assets
- $652.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Minnetonka, MN
- Founding
- Data as of
- 12/2023
- EIN
- 84-3753672
Organization Overview
Fmw Nonprofit Solutions is located in Minnetonka, MN. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fmw Nonprofit Solutions is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Fmw Nonprofit Solutions generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 49.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FMW NONPROFIT SOLUTIONS WORKS WITH NONPROFIT ORGANIZATIONS TO BUILD STRONG INFRASTRUCTURES, OPERATE EFFECTIVELY, AND ACHIEVE THEIR MISSIONS. FMW STRIVES TO PROVIDE AFFORDABLE AND PRACTICAL SERVICES TO NONPROFITS THAT WILL EMPOWER THEM TO OPERATE, GROW AND IMPROVE OPERATIONS AND OUTCOMES. USING A PARTNERSHIP APPROACH, WE BRING INTENTIONAL, SOCIALLY RESPONSIBLE CONVERSATIONS AND INTEGRITY TO NONPROFIT CONSULTING BY PROVIDING PROFESSIONAL EXPERTISE IN NONPROFIT MANAGEMENT, OPERATIONAL EXCELLENCE AND FISCAL AGENCY SPONSORSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCAL SPONSORSHIP: DESIGNED TO MEET THE NEEDS OF NONPROFITS NOT YET TAX-EXEMPT AND OF SMALL-TO MEDIUM-SIZED 501(C)(3) ORGANIZATIONS. THIS INCLUDES FINANCIAL MANAGEMENT SERVICES (BOOKKEEPING, FINANCIAL REPORTS, AND MORE), AND HELPING ORGANIZATIONS TO APPLY FOR GRANTS AND SOLICIT DONATIONS PRIOR TO OBTAINING THEIR TAX-EXEMPT STATUS.
INCLUDES VARIOUS PROGRAM SERVICE ACTIVITY FOR EMERGING PROJECTS PRIOR TO OBTAINING THEIR OWN TAX-EXEMPT STATUS.
TO PROVIDE PHILANTHROPIC SUPPORT, MENTORING, AND OTHER MEMBER SKILLS TO ORGANIZATIONS AND INDIVIDUALS IN ORDER TO ADVANCE AND SUPPORT THE JEWISH LGBTQ COMMUNITY. OFFERS OPPORTUNITIES FOR MEMBERS TO ENGAGE IN LEADERSHIP AND ADVANCEMENT IN THREE KEY AREAS: EDUCATION, NETWORKING, AND GIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Harris Treasurer | Officer | 40 | $31,000 |
Fancie Mathes Secretary | Officer | 40 | $0 |
Wanda N Walker President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $170,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,051,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,234,159 |
| Total Program Service Revenue | $75,525 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,309,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,020 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,433 |
| Payroll taxes | $186,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,940 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,931 |
| Advertising and promotion | $17,765 |
| Office expenses | $11,676 |
| Information technology | $3,331 |
| Royalties | $0 |
| Occupancy | $3,533 |
| Travel | $60,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,005 |
| All other expenses | $34,744 |
| Total functional expenses | $1,029,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,684 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,684 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $647,548 |
| Net assets with donor restrictions | $5,136 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $652,684 |
Grants Awarded
Over the last fiscal year, Fmw Nonprofit Solutions has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KESHET PURPOSE: SUPPORT EQUALITY | $50,000 |
PROJECT KESHER PURPOSE: EQUITY INITIATIVES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miravida Living Inc Oshkosh, WI | $10,896,104 | $3,865,853 |
Dlccc Inc Detroit Lakes, MN | $5,803,450 | $3,508,298 |
Fmw Nonprofit Solutions Minnetonka, MN | $652,684 | $1,309,684 |
We Own It Inc Madison, WI | $314,170 | $491,036 |
Building Bridges Initiative Sturtevant, WI | $0 | $479,564 |
Ways To Work Inc Milwaukee, WI | $111,197 | $0 |
Resources Justice & Management saint paul, MN | $3,400 | $0 |
Independent Living Council Of Wisconsin Inc Madison, WI | $59,888 | $0 |
Primus Incorporated Stanley, ND | $369,732 | $4,738 |
Enjoy Creativity Saint Paul, MN | $5,384 | $0 |