Form 990-EZ for tax year 2022

Totals

Total revenue

$70,000

Total expenses

$145,360

Contributions and grants received

$70,000

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

$36,020

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$36,020

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 · 2022

• 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. $180M HAS BEEN FUNDED BY THE 2022-2023 LEGISLATURE TO KEEP THE PROJECT'S CONSTRUCTION ON TRACK.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 $22 MILLION IN INCREASED ELIGIBILITY FOR CHILDCARE ASSISTANCE PAYMENTS (CCAP), $15 MILLION FOR ENHANCED ASSISTANCE FOR INFANT AND TODDLERS, $5 MILLION FOR AN EMPLOYER-LED COST-SHARE PROGRAM, $1.8 MILLION FOR A NON-TRADITIONAL HOURS-OF-CARE PILOT PROGRAM, $7 MILLION FOR GRANTS FOR PROVIDER SHARED SERVICES AND START-UPS, AND $1 MILLION 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.THE VPP BELIEVES THAT MAKING CAPITAL AVAILABLE FOR EMERGING AND EXPANDING BUSINESSES IN NORTH DAKOTA WILL HELP TO GROW OUR ECONOMY BY KEEPING SUCCESSFUL HOMEGROWN ENTREPRENEURS IN THE STATE AND CREATE MANY NEW HIGH SKILLED JOB OPPORTUNITIES. CONSEQUENTLY, THE VPP WAS AN EARLY SUPPORTER AND ADVOCATE OF THE "LEGACY INVESTMENT FOR TECHNOLOGY" FUND. AN ADDITIONAL $10 MILLION WAS ADDED TO LIFT'S FUNDING IN THE 2022-2023 SESSION. NORTH DAKOTA'S RESEARCH UNIVERSITIES NORTH DAKOTA STATE UNIVERSITY AND THE UNIVERSITY OF NORTH DAKOTA ARE IMPORTANT ECONOMIC DRIVERS, WHOSE RESEARCH AND DEVELOPMENT CAPABILITIES SUSTAIN OUR COMPETITIVE ADVANTAGES IN AGRICULTURE AND ENERGY AND TRANSLATE INNOVATIONS IN OTHER SECTORS INTO NEW ECONOMIC OPPORTUNITIES, A MORE SKILLED WORKFORCE, AND HIGHER-PAYING JOBS FOR NORTH DAKOTANS. 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.

As filed on the 2022 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

2022

Filed

11 September 2023

IRS schema version

2022v5.0

Source object

202312569349200901

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