Form 990-EZ for tax year 2023

Totals

Total revenue

$58,000

Total expenses

$69,362

Contributions and grants received

$58,000

Grants paid

— not reported

Program service revenue

— not reported

Membership dues (line 3)

— not reported

Investment income (line 4)

— not reported

Gain or loss on sale of assets (line 5c)

— not reported

Gaming and fundraising events, net (line 6d)

— not reported

Gross profit on inventory sales (line 7c)

— not reported

Other revenue (line 8)

— not reported

Total assets, end of year

$24,658

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$24,658

Program service expenses (Part III)

$0

Program services were 0.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• THE RED RIVER WATER SUPPLY PROJECT WILL PROVIDE A SUPPLEMENTAL WATER OPTION TO CENTRAL NORTH DAKOTA AND THE RED RIVER VALLEY TO MITIGATE AGAINST DROUGHT CONDITIONS THAT WOULD CAUSE COSTLY WATER SHORTAGES. THE VPP ADVOCATED FOR ACCELERATION OF THE PROJECT TO REDUCE COSTS AND PUT THE PROJECT INTO OPERATION AS SOON AS POSSIBLE. THE PROJECT IS SLATED FOR COMPLETION IN 2031AT A COST OF $1.2 BILLION OF WHICH $953 MILLION IS STATE FUNDING AND THE REMAINDER IS COMMITTED BY LOCALITIES. POTENTIALLY, $454 MILLION IS AVAILABLE FROM THE EASTERN NORTH DAKOTA ALTERNATE WATER SUPPLY, WHICH COULD BE USED TO REDUCE THE OVERALL COST AND/OR EXPEDITE COMPLETION.THE AVAILABILITY, AFFORDABILITY, AND QUALITY OF CHILDCARE SERVICES IS A FORMIDABLE BARRIER TO WORKFORCE PARTICIPATION IN ALL SECTORS OF THE ECONOMY. THE VPP SUPPORTED FUNDING OF OVER $50 MILLION TO INCREASE ELIGIBILITY FOR CHILDCARE ASSISTANCE PAYMENTS (CCAP), FOR ENHANCED ASSISTANCE FOR INFANT AND TODDLERS, FOR AN EMPLOYER-LED COST-SHARE PROGRAM, FOR A NON-TRADITIONAL HOURS-OF-CARE PILOT PROGRAM, AND GRANTS FOR PROVIDER SHARED SERVICES AND START-UPS, AND FOR STREAMLINING BACKGROUND CHECKS. THE RED RIVER VALLEY FACES CRITICAL WORKFORCE CHALLENGES. THE VPP HAS SUPPORTED FUNDING FOR CAREER EDUCATION TECH CENTERS TO TRAIN YOUNG PEOPLE FOR NORTH DAKOTA'S GROWING INDUSTRY SECTORS. DUE TO A DELAY IN RECEIVING FUNDS FROM THE U.S. DEPARTMENT OF TREASURY, THE 2022-2023 LEGISLATURE ACTED TO APPROPRIATE A $68 MILLION LINE OF CREDIT TO HELP FINANCE THE CONSTRUCTION OF 13 PLANNED CAREER ACADEMIES ACROSS THE STATE, INCLUDING ONE IN FARGO AND ONE IN GRAND FORKS. AS CONSTRUCTION COSTS ESCALATED IN 2023 THE EDUCATION TECH CENTERS HAVE EXPERIENCED SHORTFALLS IN FUNDING, SO VPP SUPPORT EFFORTS TO MAKE UP THOSE SHORTFALLS IN THE 2024-2025 SESSION. THE VPP HAS ADVOCATED FOR LONG TERM, PREDICTABLE FUNDING FOR UNIVERSITY RESEARCH AND DEVELOPMENT TO ENGAGE IN INDUSTRY DRIVEN RESEARCH TO ATTRACT RESEARCH TALENT AND FUNDING FOR INDUSTRY SECTORS THAT ARE KEY TO STRENGTHENING AND DIVERSIFYING NORTH DAKOTA'S ECONOMY. THE ECONOMIC RESEARCH DIVERSIFICATION FUND WAS FUNDED AT $5.5 MILLION IN THE 2022-2023 SESSION, WITH $2.5 MILLION ALLOCATED EACH FOR NDSU AND UND, THE REMAINING TO BE SPLIT AMONG THE OTHER 9 NORTH DAKOTA UNIVERSITY SYSTEM INSTITUTIONS. AFTER ADMINISTRATIVE PROCEDURES WERE COMPLETED IN COLLABORATION WITH THE BANK OF NORTH DAKOTA THE UNIVERSITIES SOLICITED THEIR FIRST ROUND OF RESEARCH PROPOSALS IN 2023.THE RAPID RISE OF ARTIFICIAL INTELLIGENCE TECHNOLOGY SYSTEMS HAS RAISED CONCERNS ABOUT NORTH DAKOTA'S READINESS FOR THIS GAME CHANGING DEVELOPMENT AND ITS RAMIFICATIONS FOR BUSINESS, EDUCATION, SERVICE DELIVERY AND LARGE LOAD ELECTRIC POWER IMPACTS. VPP HAS PARTICIPATED IN DISCUSSIONS ABOUT GOVERNANCE AI IN THE PUBLIC SECTOR, UNDERSTANDING THE IMPACT OF DATA CENTERS ON ELECTRICITY RATES, AND BUSINESS MODELS FOR PROVIDING SUFFICIENT, REASONABLE COST ACCESS TO THE COMPUTING POWER OF DATA CENTERS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

26 August 2024

IRS schema version

2023v5.1

Source object

202412479349200866

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

The source document this was parsed from is served over the API, which is where bulk and document access live.