GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

S31

Classification

1000

Street

51 BROADWAY N STE 500

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

This address is a suite or unit (STE 500). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• GROWTH INITIATIVE FUND

  EIN 45-0431077

Mission and programs · 2024

• OUR OVERARCHING MISSION OF THE GFMEDC IS TO LEAD THE DEVELOPMENT OF A ROBUST ECONOMY WHERE PEOPLE AND BUSINESSES THRIVE WHICH INCLUDES EFFORTS TO:- STRATEGICALLY PURSUE JOB CREATION AND BUSINESS ATTRACTION.- WORK WITH AND SUPPORT COMPANIES WITH DEMAND-DRIVEN WORKFORCE DEVELOPMENT. - SUPPORT A VIBRANT ENTREPRENEURIAL ECOSYSTEM.- COLLABORATE WITH PUBLIC AND PRIVATE SECTORS AND PARTNER ORGANIZATIONS TO ENHANCE PROGRAMS AND PROCESSES THAT MAKE DOING BUSINESS EASIER IN THE REGION.THE GFMEDC PROMOTES AND ENHANCES THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF CASS COUNTY, NORTH DAKOTA AND CLAY COUNTY, MINNESOTA, WHICH ENCOMPASSES THE FARGO-MOORHEAD MSA AS DELINEATED BY THE OFFICE OF MANAGEMENT AND BUDGET. THIS PROMOTION AND ENHANCEMENT IS DONE THROUGH DEPLOYMENT OF PROGRAMS AND ACTIVITIES DESIGNED TO FACILITATE JOB CREATION AND BY INFORMING EXISTING AND POTENTIAL BUSINESSES ABOUT THE BENEFITS OF LOCATING OR EXPANDING BUSINESS IN THIS REGION. THE OVERALL AIM IS TO IMPROVE THE ECONOMIC WELL-BEING OF THE RESIDENTS OF THE AREA. THE ORGANIZATION WORKS WITH THE ND DEPARTMENT OF COMMERCE AND MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT AS WELL AS DIRECTLY WITH GLOBAL SITE SELECTORS AND COMPANIES TO BRING NEW BUSINESS TO THE STATE. WE WORK TO RECRUIT AND RETAIN PRIMARY-SECTOR COMPANIES. JOB CREATION - WE SUCCESSFULLY SUPPORTED 20 PROJECTS IN 2024 HELPED TO CREATE MORE THAN 221 DIRECT JOBS AND $164 MILLION IN CAPITAL INVESTMENT (EQUIPMENT AND BUILDINGS). COMPANIES ASSISTED - IN ADDITION TO THE AFOREMENTIONED PROJECTS, THE ORGANIZATION PROVIDED MEANINGFUL ASSISTANCE TO 75 COMPANIES IN 2024. NEWLY UTILIZED SQ./FT. - COMPANIES UTILIZED AN ADDITIONAL 653,000 SQ./FT. TO SUPPORT THEIR GROWTH STRATEGIES.

  Expenses $1,216,157 · Revenue $51,532

• THE OBJECTIVE OF THE WORKFORCE RECRUITMENT AND RETENTION PROGRAM IS TO ASSIST PRIMARY SECTOR BUSINESS LOCATED IN CASS COUNTY, ND AND CLAY COUNTY, MN WITH THE RECRUITMENT AND RETENTION OF SKILLED WORKERS. DOING SO HELPS GROW THE REGION'S POPULATION AND TAX BASE AND HELPS ATTRACT AND RETAIN PRIMARY SECTOR BUSINESSES. IN 2024, WE FOCUSED ON AND PROMOTED PROGRAMS THAT ASSISTED COMPANIES WITH THE RECRUITMENT AND RETENTION OF WORKFORCE. THROUGH THE REGIONAL WORKFORCE ATTRACTION CAMPAIGN, WE REDESIGNED LIVEINFARGO.COM INCORPORATING VIRTUAL TOURS AND COMMUNITY CHAMPIONS, SO PEOPLE INTERESTED IN RELOCATING CAN SEE THE COMMUNITY THROUGH A 360 DEGREE VIRTUAL TOUR AND CONNECT WITH SOMEONE, ALL OF WHICH CAN HELP WITH TALENT ATTRACTION AND RETENTION. WE USED OUR DATA TOOL,LIGHTCASTI, TO ASSIST EMPLOYERS BY PROVIDING WORKFORCE DATA.

  Expenses $996,014

• ENTREPRENEURIAL DEVELOPMENT - THE OBJECTIVE OF ENTREPRENEURIAL DEVELOPMENT PROGRAM IS TO SIMULTANEOUSLY ASSIST ENTREPRENEURS ON AN INDIVIDUAL LEVEL WHILE ALSO STRENGTHENING AND PROMOTING OUR ENTREPRENEURIAL ECOSYSTEM FOR FARGO MOORHEAD TO BE REGARDED AS A GREAT PLACE FOR ENTREPRENEURS. WE SUPPORTED INDIVIDUAL ENTREPRENEURS AND SUPPORTED ENTREPRENEURIAL PROGRAMS LIKE GRAND FARM AND GENER8TOR. ENTREPRENEURIAL DEVELOPMENT SUPPORTS AND FEEDS INTO BUSINESS DEVELOPMENT OR JOB AND WEALTH CREATION. WE WORK TO RECRUIT AND RETAIN PRIMARY-SECTOR COMPANIES. JOB CREATION - OUR SUCCESSFULLY ASSISTED PROJECTS IN 2024 HELPED TO CREATE MORE THAN 221 DIRECT JOBS; AND ADDITIONAL 289 INDIRECT AND INDUCED JOBS FOR A TOTAL OF 510 JOBS IN THE REGION.PAYROLL FOR THESE ON-GOING JOBS EXCEEDED $43 MILLION, WHICH EQUATES TO AN AVERAGE ANNUAL INCOME OF $ 84,000. IN ADDITION, A TOTAL OF 597 TEMPORARY JOBS WERE ADDED DUE TO CONSTRUCTION ACTIVITIES WITH A PAYROLL OF $ 38.9 MILLION. TOTAL PAYROLL FOR TEMPORARY POSITIONS EQUATES TO AN AVERAGE INCOME PER JOB OF $65,000.ANNUAL SALES - DUE TO COMPANY AND EMPLOYEE SPENDING, THE REGIONAL ECONOMY HAD AN ESTIMATED $293.3 MILLION IN ADDITIONAL SALES THAT TOOK PLACE, OF WHICH $156.9 MILLION WILL BE REOCCURRING EACH YEAR WITH THE CONTINUED OPERATION OF THE NEW BUSINESSES. COMPANIES ASSISTED - IN ADDITION TO THE AFOREMENTIONED PROJECTS, THE ORGANIZATION COMPLETED 75 COMPANY ASSISTANCE PROJECTS IN 2024. NEWLY UTILIZED SQ./FT. - COMPANIES UTILIZED AN ADDITIONAL 650,000 SQ./FT. TO SUPPORT THEIR GROWTH STRATEGIES.

  Expenses $12,350

• ENTREPRENEURIAL DEVELOPMENT - THE OBJECTIVE OF ENTREPRENEURIAL DEVELOPMENT PROGRAM IS TO SIMULTANEOUSLY ASSIST ENTREPRENEURS ON AN INDIVIDUAL LEVEL WHILE ALSO STRENGTHENING AND PROMOTING OUR ENTREPRENEURIAL ECOSYSTEM FOR IN AN EFFORT TO BETTER FINANCIAL SUPPORT THE PROGRAMMING OF THE EDC, AND TO BETTER ALIGN OUR WORK WITH KEY PARTNERS, SUCH AS THE CHAMBER OF COMMERCE, WE EMBARKED IN 2024 TO RAISE FUNDS THROUGH A FOUR-YEAR INITIATIVE CALLED INNOVATE28. INNOVATE28 IS FOCUSED ON ACHIEVING MEANINGFUL RESULTS IN WORKFORCE DEVELOPMENT, BUSINESS DEVELOPMENT AND PUBLIC POLICY. THE GFMEDC IS CHARGED WITH CONTINUING ITS WORK IN BUSINESS DEVELOPMENT (RETENTION, ATTRACTION AND NEW COMPANY CREATION) AND WORKFORCE RECRUITMENT, AND FUNDING FROM THE INNOVATE28 CAMPAIGN ARE BEING UTILIZED TO FUND PROGRAMMING FOR THIS WORK.

  Expenses $1,908

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $3,370,498

  Expenses

  $3,283,509

  Contributions

  $3,235,271

  Grants paid

  $0

• 2023

  Revenue

  $2,046,324

  Expenses

  $2,061,813

  Contributions

  $1,884,570

  Grants paid

  $0

• 2022

  Revenue

  $1,756,117

  Expenses

  $1,545,484

  Contributions

  $1,639,850

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,379,514

  Expenses

  $1,567,411

  Assets (EOY)

  $1,995,409

• 2020 · 990

  Revenue

  $1,563,513

  Expenses

  $1,477,934

  Assets (EOY)

  $2,100,954

• 2019 · 990

  Revenue

  $1,696,233

  Expenses

  $1,512,139

  Assets (EOY)

  $1,722,162

• 2018 · 990

  Revenue

  $1,360,580

  Expenses

  $1,789,721

  Assets (EOY)

  $1,203,319

• 2017 · 990

  Revenue

  $1,323,101

  Expenses

  $1,522,506

  Assets (EOY)

  $1,641,734

• 2016 · 990

  Revenue

  $1,372,832

  Expenses

  $1,488,844

  Assets (EOY)

  $1,805,141

• 2015 · 990

  Revenue

  $987,380

  Expenses

  $1,546,523

  Assets (EOY)

  $1,938,158

• 2014 · 990

  Revenue

  $932,675

  Expenses

  $1,333,537

  Assets (EOY)

  $2,472,059

• 2013 · 990

  Revenue

  $1,004,148

  Expenses

  $1,152,644

  Assets (EOY)

  $2,861,543

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $954,773

  Assets (EOY)

  $3,001,339

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• CASS COUNTY ELECTRIC COOPERATIVE INC

  $75,000

  2025 · Economic Growth

• TRI COLLEGE UNIVERSITY

  $50,000

  2024 · GENERAL ASSISTANCE

• CASS COUNTY ELECTRIC COOPERATIVE INC

  $40,000

  2022 · Economic Growth

• CASS COUNTY ELECTRIC COOPERATIVE INC

  $40,000

  2024 · Economic Growth

• CASS COUNTY ELECTRIC COOPERATIVE INC

  $40,000

  2023 · Economic Growth

• INNOVIS HEALTH LLC

  $10,000

  2023 · PROGRAM SUPPORT

• INNOVIS HEALTH LLC

  $10,000

  2022 · PROGRAM SUPPORT

• INNOVIS HEALTH LLC

  $10,000

  2024 · PROGRAM SUPPORT

• WEST CENTRAL INITIATIVE

  $7,500

  2023 · NORTH DAKOTA SITE SELECTOR TOUR-PREMIER LEVEL SPONSORSHIP

• FOR INSPIRATION AND RECOGNITION OF SCIENCE AND TECHNOLOGY FIRST

  $3,000

  2023 · Program Support

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files