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Nonprofit Financial Commons

EIN 88-3768867 · Minneapolis, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceFair67 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FINANCIAL COMMONS-A NATIONAL PEER-LED NETWORK-SUPPORTS A COMMUNITY OF NONPROFIT FINANCE LEADERS AND OTHERS TO SHARE KNOWLEDGE, IDEAS, AND EXPERIENCES. IT ALSO SUPPORTS THOSE WITH MUTUAL INTEREST IN ACTING AS ADVOCATES.

Income
$280,913
Spending
$209,065
Spent on programs
73%
Reserves
3.1 months of spending
Largest source of income
donations and private grants, 70%
Employees
2
Volunteers
50

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100. Higher than 29% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.1 months of spending.

  • Debt

    10 of 20

    It owes 47% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 26% of income.

  • Income trend

    0 of 15

    Income fell 56% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 67 out of 100. Higher than 38% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $152,881 spent. GENERAL PROGRAMS - THE NONPROFIT FINANCIAL COMMONS IS AN ONLINE RESOURCE WHERE NONPROFIT LEADERS CAN HONE THEIR FINANCIAL STRATEGY AND MANAGEMENT SKILLS IN WAYS THAT ARE IMMEDIATELY USEFUL AND TAILORED TO CONTEXT NO MATTER THE SIZE, LOCATION OR FIELD OF ENDEAVOR. THE VENUE, WHICH IS ENTIRELY ONLINE, ALLOWS NONPROFIT LEADERS TO MAKE WISE FINANCIAL CHOICES AND AVOID COSTLY MISTAKES, THROUGH ENSURING THAT THE INFORMATION THEY RECEIVE HAS BEEN INFORMED, TESTED IN PRACTICE AND EVALUATED BY NONPROFIT PEERS. THE PROGRAM INCLUDES MONTHLY PARTICIPATORY ONLINE EVENTS ON CURRENT TOPICS, A NEWSLETTER, DISCUSSION FORUM AND A CURATED LIBRARY OF RESOURCES INCLUDING VIDEOS OF PAST EVENTS, WRITTEN MATERIALS AND TOOLS. NFC IS BUILT AROUND KNOWLEDGE BUILT THROUGH EXPERIENCE, BUT IT ALSO ATTEMPTS TO ADVANCE THAT KNOWLEDGE AT THE CUTTING EDGE OF PRACTICE. NFC CENTERS THE EXPERIENCES OF GROUPS THAT REPRESENT MARGINALIZED POPULATIONS TO ENSURE BROAD INCLUSIVITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.