Totals
- Total revenue
- $735,425
- Total expenses
- $67,477
- Contributions and grants received
- $650,000
- Grants paid
- $2,500
- Program service revenue
- $16,104
- Investment income
- $69,321
- Other revenue
- $0
- Total assets, end of year
- $9,087,417
- Total liabilities, end of year
- $14,042
- Net assets or fund balances, end of year
- $9,073,375
- Program services expenses (Part IX)
- $22,829
- Management and general expenses
- $44,648
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $22,829
Program services were 33.8% 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)
$650,000
-
2a · Program service revenue: PROGRAM REVENUE
total $16,104 · related or exempt $16,104
-
3 · Investment income
total $69,321 · related or exempt $17,004 · excluded $52,317
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500 · program services $2,500
-
11a · Fees: management
total $29,096 · management and general $29,096
-
11b · Fees: legal
total $4,209 · program services $4,209
-
11c · Fees: accounting
total $13,635 · management and general $13,635
-
13 · Office expenses
total $352 · program services $352
-
23 · Insurance
total $1,917 · management and general $1,917
-
24a · Other expenses: PROVISION FOR CREDIT LO
total $15,408 · program services $15,408
-
24b · Other expenses: FILING FEES
total $360 · program services $360
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $216,640
-
2 · Savings and temporary cash investments
beginning of year $1,241,053 · end of year $1,728,638
-
4 · Accounts receivable
end of year $2,394
-
13 · Investments: program-related
beginning of year $6,947,286 · end of year $7,356,385
-
15 · Other assets
beginning of year $448
-
25 · Other liabilities
beginning of year $0 · end of year $14,042
-
27 · Net assets without donor restrictions
beginning of year $8,405,427 · end of year $9,073,375
Mission and programs · 2024
Mission
TO PROMOTE ECONOMIC DEVELOPMENT IN CASS COUNTY, NORTH DAKOTA. THE CORPORATION SHALL EXIST TO CREATE AND MANAGE FINANCIAL PROGRAMS TO ENCOURAGE PRIMARY SECTOR JOB CREATION IN CASS COUNTY.
-
THE PURPOSE OF GROWTH INITIATIVE FUND, INC. (FUND) SHALL BE TO PROMOTE ECONOMIC DEVELOPMENT IN CASS COUNTY, NORTH DAKOTA. THE ORGANIZATION PROVIDES INCENTIVE LOANS TO EXISTING AND OUT-OF-STATE CLENTS LOOKING TO EXPAND OPERATIONS IN CASS COUNTY, ND AREA TO CREATE EMPLOYMENT WITHIN THE COUNTY. THE FUND IS SET UP FOR LOCAL GOVERNMENTS IN ORDER TO BRING PROFESSIONAL ASSISTANCE AND SUPPORT FROM THE PRIVATE SECTOR AND LESSEN THE BURDENS OF GOVERNMENT. THE FUND IS CURRENTLY SERVICING 86 PACE LOANS AND 0 FUNDING PARTNER LOAN AND 6 MICROLOANS.
Expenses $22,829 · Grants $2,500 · Revenue $33,108
As filed on the 2024 return.
Listed in Part VII
-
Tom SeymourTOM SEYMOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark VoigtMARK VOIGT
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Josh TeigenJOSH TEIGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hari PanjiniHARI PANJINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle SchumacherMICHELLE SCHUMACHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve DusekSTEVE DUSEK
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lisa YoneyLISA YONEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Julie WhitneyJULIE WHITNEY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542329349301729
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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