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Nonprofiteer
← EMERGING PRAIRIE

Form 990 for tax year 2022

Filed by EMERGING PRAIRIE.

Totals

Total revenue
$1,996,803
Total expenses
$2,653,056
Contributions and grants received
$749,607
Grants paid
$10,000
Program service revenue
$1,072,254
Investment income
$85
Other revenue
$174,857
Total assets, end of year
$1,102,894
Total liabilities, end of year
$1,096,179
Net assets or fund balances, end of year
$6,715
Program services expenses (Part IX)
$2,228,088
Management and general expenses
$343,955
Fundraising expenses
$81,013
Program service expenses (Part III)
$2,228,088

Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $179,542

  • 1f · All other contributions, gifts and grants

    $570,065

  • 2a · Program service revenue: EDA TUITION

    total $884,999 · related or exempt $884,999

  • 2b · Program service revenue: EVENT INCOME

    total $123,497 · related or exempt $123,497

  • 2c · Program service revenue: PRAIRIE DEN RENTAL INC

    total $63,758 · related or exempt $63,758

  • 3 · Investment income

    total $85 · excluded $85

  • 11a · Other revenue: MISC. REVENUE-EXCLUDED

    total $174,857 · excluded $174,857

  • 11e · Other revenue, total

    $174,857

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $187,849 · program services $159,672 · management and general $20,663 · fundraising $7,514

  • 7 · Other salaries and wages

    total $1,203,467 · program services $1,022,946 · management and general $132,382 · fundraising $48,139

  • 8 · Pension plan contributions

    total $90,442 · program services $76,875 · management and general $9,949 · fundraising $3,618

  • 9 · Other employee benefits

    total $74,653 · program services $63,455 · management and general $8,212 · fundraising $2,986

  • 10 · Payroll taxes

    total $144,399 · program services $122,739 · management and general $15,884 · fundraising $5,776

  • 11g · Fees: other

    total $140,979 · program services $95,866 · management and general $45,113

  • 12 · Advertising and promotion

    total $89,130 · program services $86,456 · fundraising $2,674

  • 13 · Office expenses

    total $150,239 · program services $125,827 · management and general $24,412

  • 16 · Occupancy

    total $36,202 · program services $30,956 · management and general $5,246

  • 17 · Travel

    total $52,935 · program services $29,114 · management and general $21,174 · fundraising $2,647

  • 19 · Conferences, conventions and meetings

    total $255,284 · program services $222,097 · management and general $25,528 · fundraising $7,659

  • 22 · Depreciation, depletion and amortization

    total $36,722 · program services $36,722

  • 23 · Insurance

    total $9,875 · program services $3,456 · management and general $6,419

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $30,197 · program services $28,687 · management and general $1,510

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $29,895 · program services $28,699 · management and general $1,196

  • 24c · Other expenses: OTHER EXPENSES

    total $26,236 · program services $22,300 · management and general $3,936

  • 24d · Other expenses: BAD DEBT

    total $26,002 · program services $26,002

  • 24e · All other expenses

    total $58,550 · program services $36,219 · management and general $22,331

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400,393 · end of year $148,370

  • 4 · Accounts receivable

    beginning of year $374,652 · end of year $260,620

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,591 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $675,918

  • 10b · Land, buildings and equipment: accumulated depreciation

    $54,572

  • 10c · Land, buildings and equipment, net

    beginning of year $453,348 · end of year $621,346

  • 15 · Other assets

    beginning of year $0 · end of year $72,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,378 · end of year $418,594

  • 19 · Deferred revenue

    beginning of year $53,000 · end of year $104,000

  • 23 · Secured mortgages and notes payable

    beginning of year $364,822 · end of year $167,183

  • 25 · Other liabilities

    beginning of year $10,275 · end of year $406,402

  • 27 · Net assets without donor restrictions

    beginning of year $592,575 · end of year -$169,926

  • 28 · Net assets with donor restrictions

    beginning of year $112,934 · end of year $176,641

Mission and programs · 2022

Mission

OUR MISSION IS TO CONNCECT AND CELEBRATE THE ENTREPRENEURIAL ECOSYSTEM IN FARGO-MOORHEAD.

Activities or mission (Part I)

CONNECTING AND CELEBRATING THE ENTREPRENEURIAL ECOSYSTEM IN FARGO-MOORHEAD.

  • PRAIRIE CAPITAL SUMMIT : 85 ENTREPRENEURS AND 38 INVESTORSPRAIRIE CAPITAL SUMMIT WAS CREATED AS A WAY TO BRING TOGETHER ENTREPRENEURS, INVESTORS, AND COMMUNITY BUILDERS TO SPARK DISCUSSIONS AROUND PRIVATE CAPITAL IN THE MIDWEST.TEDX: 620 ATTENDEESTEDX IS A PROGRAM OF LOCAL, SELF-ORGANIZED EVENTS THAT BRING PEOPLE TOGETHER TO SHARE A TED-LIKEEXPERIENCE. OUR EVENT IS CALLED TEDXFARGO, WHERE X = INDEPENDENTLY ORGANIZED TED EVENT. THE EVENT IS A GIFT TO THE COMMUNITY, MADE POSSIBLE BY GENEROUS SPONSORS AND VOLUNTEERS ALONG WITH HUNDREDS OF INDIVIDUALS DEDICATED TO MAKING THE COMMUNITY A BETTER PLACE.AUTONOMOUS NATION: 230 ATTENDEESCONNECT THE AUTONOMOUS INDUSTRY WITH POLICYMAKERS AT THE FOREFRONT OF THE AUTONOMOUS REVOLUTION.CULTIVATE: 270 ATTENDEESBRINGS TOGETHER A DIVERSE COMMUNITY OF EXPERTS, THOUGHT LEADERS, ENTREPRENEURS, AND GROWERS TO SHARE THEIR KNOWLEDGE AND EXPERIENCES, AND EXPLORE THE EXCITING POSSIBILITIES OF TECHNOLOGY IN AGRICULTURE.FOUNDERS RETREAT: 26 FOUNDERSCHANCE FOR FOUNDERS TO CONNECT WITH OTHER FOUNDERS IN A SPACE OUTSIDE OF THE OFFICE.

    Expenses $256,621 · Revenue $123,497

  • EMERGING DIGITAL ACADEMYNORTH DAKOTA'S FIRST (AND ONLY) IMMERSIVE CODING BOOTCAMP ACCELERATING THE TECHNOLOGY COMMUNITY. THIS 20-WEEK PROGRAM IS DESIGNED TO UPSKILL THE WORKFORE AND PREPARE PEOPLE FOR A FULL-TIME POSITION IN SOFTWARE ENGINEERING.16 TOTAL GRADUATES IN 202294% - STUDENT GRADUATION RATE81% - JOB PLACEMENT WITHIN 6 MONTHS OF GRADUATING

    Expenses $1,838,981 · Grants $10,000 · Revenue $884,999

  • PRAIRIE DEN CO-WORKING AND EVENTS SPACE:COWORKING SPACE DISCONTINUED IN JUNE 2022; 3 ORGANIZATIONS CONTINUED DESIGNATED PRIVATE OFFICE SPACE. (50 SOUTH CAPITAL, BREMER BANK, & BOSON MOTORS)

    Expenses $132,486 · Revenue $63,758

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lauris Molbert

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    40

  • Jane Schuh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kodee Furst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jake Joraanstad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Chaffee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kirk Anton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Derheim

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Byron Snider

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Greg Tehven

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $187,849
    From this org
    $187,849
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $187,849
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $187,849

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS DETERMINED AND RECORDED BY THE BOARD OF DIRECTORS BASED ON COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. THIS PROCESS WAS LAST UNDERTAKEN IN 2018.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313199349302466

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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