NEXUS COMMUNITY PARTNERS

EIN: 300658898 501(c)(3) Philanthropy & Grantmaking

Saint Paul, MN

Total Revenue
$5,509,575
Total Expenses
$10,510,990
Total Assets
$46,567,295
Net Assets
$45,651,843
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MN
Principal Officer
Repa Mekha
Phone
6512897038
Tax Period
2024-01-01 to 2024-12-31

NEXUS COMMUNITY PARTNERS, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $10.5M exceeded revenue, resulting in a 91% operating deficit.

Mission

Nexus' mission is to build more engaged and powerful communities by supporting community building initiatives that expand community wealth and foster social and human capital.

Program Service Accomplishments

Program 1
Expenses: $5,857,436 Revenue: $0

Open Road Fund: The Open Road Fund is a community fund that redistributes money to present-day descendants of the Transatlantic Slave Trade to build Black wealth in Minnesota, North Dakota, and South...

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Open Road Fund: The Open Road Fund is a community fund that redistributes money to present-day descendants of the Transatlantic Slave Trade to build Black wealth in Minnesota, North Dakota, and South Dakota. We make $50,000 wealth-building gifts to Black individuals to create "tangible pathways to liberation, prosperity, and healing on our own terms." In 2024, we made gifts to 100 individuals and provided individual financial counseling to help recipients achieve their goals. We also provide public webinars on financial topics (financing education, home ownership, and business) and healing led by Black experts and presented through a Black cultural lens.

Program 2
Expenses: $938,128 Revenue: $0

Leadership: The Leadership work stream includes two programs: Reclaiming Our Own Time (ROOT), and the Boards and Commissions Leadership Institute (BCLI). Reclaiming Our Own Time (ROOT) is a program...

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Leadership: The Leadership work stream includes two programs: Reclaiming Our Own Time (ROOT), and the Boards and Commissions Leadership Institute (BCLI). Reclaiming Our Own Time (ROOT) is a program to help BIPOC people embrace rest and restoration as fundamental to social justice work. ROOT's offerings include two sabbatical programs, regular in-person and virtual events, and a monthly curated newsletter containing resources and opportunities. In 2024, we received 1,100+ applications for 10 sabbaticals for BIPOC movement leaders. Each sabbatical fellow received $30,000 to replace income for their three-month rest period, $5,000 for additional healing and wellness services, participation in three gatherings of sabbatical fellows, and ongoing individual coaching. We reached an additional 400+ individuals through related events including sacred spaces, the Reimagining Rest series, and three pop-up events all designed to help people explore the various ways we can experience rest and restoration and to recognize rest as a birthright for all people. The Nexus Boards and Commissions Leadership Institute (BCLI) is a seven-month leadership program that equips BIPOC and other shut-out community members to serve on city, county, metro and state boards and commissions. The 2023-2024 Cohort included 12 fellows who completed 80 hours of training and individual assignments and received stipends of $500 each for their participation. BCLI staff will now help graduates obtain appointments on state and local boards or commissions with the goal of half of graduates receiving appointments within the next 12 months.

Program 3
Expenses: $886,042 Revenue: $291,941

Ownership: The Ownership work stream includes two programs: The Shared Ownership Center @ Nexus (SOC@N) and North Star Black Cooperative Fellowship (North Star). SOC@N is a bold effort to change the...

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Ownership: The Ownership work stream includes two programs: The Shared Ownership Center @ Nexus (SOC@N) and North Star Black Cooperative Fellowship (North Star). SOC@N is a bold effort to change the face of ownership by promoting shared-ownership business models, including worker cooperatives and real estate investment cooperatives. Through this work, SOC@N supports locally anchored businesses and more equitable working environments that help grow the region's economy. It advances worker ownership by seizing opportunities presented by the wave of retiring business owners in Minnesota and supports community ownership of resources by placing real estate in the hands of those that live and work there with a particular focus on BIPOC ownership. In March 2024, SOC@N launched the St. Paul LOCAL Fund in partnership with the City of St. Paul. Over the next three years, they will redistribute ARP funds to real estate and worker-owned cooperatives in areas of St. Paul hardest-hit by COVID-19. North Star is a seven-month fellowship focused on Black American cooperative economics and the history of Black cooperative economic thought and practice. In our curriculum, we center the wisdom and experience of those who share the ancestry of enslaved Africans in the United States and place value on the legacy of Black collective care. North Star's 2023-2024 cohort included 23 fellows representing 9 innovative cooperatives and collectives. Cohort members received $500 stipends for participation and the opportunity to apply to the North Star Alumni Fund for technical assistance grants for their cooperatives.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,051,729
Program Service Revenue $348,190
Investment Income $2,105,433
Other Revenue $4,223
TOTAL REVENUE $5,509,575

Expense Breakdown

Grants Paid $5,377,948
Salaries & Benefits $3,333,729
Fundraising Expenses $156,235
Program Expenses $8,487,745
Other Expenses $1,799,313
TOTAL EXPENSES $10,510,990

Year-over-Year Comparison

2024 2023 Change
Revenue $5,509,575 $54,170,214 -0.9%
Expenses $10,510,990 $14,803,884 -0.3%
Net Income $-5,001,415 $39,366,330 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
31
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$333,337
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Repa Mekha President and CEO 32.00
Officer
$291,381 $41,956 $333,337
Chalonne Faleke Vice President of Operations 32
Highest
$127,744 $29,301 $157,045
Danielle Mkali Senior Director of Community Trust Fund 32
Highest
$118,145 $22,408 $140,553
Theresa Gardella Vice President of Programs 32
Highest
$130,445 $7,422 $137,867
Patience Ferguson Board Member 0.5
Director
$0 $0 $0
Niila Hebert Board Member 0.5
Director
$0 $0 $0
Amy Morris Board Member 0.5
Director
$0 $0 $0
Nasser Mussa Board Member 0.5
Director
$0 $0 $0
Funlola Otukoya Board Member 0.5
Director
$0 $0 $0
Megan Teare Board Member 0.5
Director
$0 $0 $0
Theo Rose Board Member 0.5
Director
$0 $0 $0
Carl Crawford Board Co-Chair 0.5
Officer Director
$0 $0 $0
Brian Voerding Board Co-Chair 0.5
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,509,575 $10,510,990 $46,567,295 $-5,001,415
2023 $54,170,214 $14,803,884 $51,545,050 $39,366,330
2022 $3,363,856 $6,498,107 $11,964,843 $-3,134,251
2021 $10,294,112 $3,319,127 $15,080,839 $6,974,985
2020 $5,531,880 $2,870,934 $12,750,678 $2,660,946
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