Are non-profits eligible to apply for the MN PROMISE Act grant?
Yes, non-profits are eligible to apply for the MN PROMISE Act grant.
Along with meeting all other eligibility criteria, a nonprofit corporation must also:
Meet one of the listed criteria:
Definition A: A nonprofit organization that earns 30% or more of their revenue on an ongoing basis through a non-tax-deductible sales or dues in a fee-for-service model similar to for-profit businesses.
Definition B: A nonprofit organization that earns 10% or more of their revenue on an ongoing basis through a non-tax-deductible sales or dues in a fee-for-service model similar to for-profit businesses AND demonstrate they maintain ongoing customer-facing operations at a permanent physical location at which some of those sales take place.
Be able to upload your IRS Form 990 or 990-EZ (Note: Postcard is not accepted).