North Dakota · Nonprofit
GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION
GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION (North Dakota) receives grants from 6 organizations whose IRS filings report $689,015 to it, the largest being Cass County Electric Cooperative Inc ($405,000). 3 of them have funded it in more than one year.
- Revenue FY2024
- $3.4M
- Funders on record
- 6
- Grants received
- $689k
- Net assets
- $1.5M
What Greater Fargo Moorhead Economic Development Corporation does
Mission
The Greater Fargo Moorhead Economic Development Corporation (gfmedc) is a catalyst for economic growth and prosperity. Using a comprehensive approach to economic development, the gfmedc accelerates job and wealth creation in cass county, nd and clay county, mn.
As stated on its FY2024 Form 990.
Programs
On its FY2024 return the organization reported starting a significant new program.
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.
Its own explanation, from Schedule O of that return (Part III, line 2).
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…
$1,216,157 spent$51,532 earned by the program55% of program spendingThe 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.
$996,014 spent45% of program spendingEntrepreneurial 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…
$12,350 spent1% of program spendingEntrepreneurial 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.
$1,908 spent0% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,226,429.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $2.0M to $2.8M (+40%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 55% · 2018 52% · 2019 41% · 2020 65% · 2021 64% · 2022 53% · 2023 48% · 2024 31%. Grants only. Government contracts and fees sit inside program revenue.
96% of GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Joseph Raso
President/CEO
Board chair
Jim Buus
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 2 funders, grant income fell $60k → $50k.
2 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $170k from 2 payers (the payer shares this organization's board, largest Sanford Group Return). These are real filings, and they are not money GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION raised.
From the IRS filings of GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION leans on a few funders — its largest provides 59% of grant income and the top three 97%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
71% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 83% · 2018 80% · 2019 100% · 2020 75% · 2021 100% · 2022 80% · 2023 80% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
99% of GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION's grant income comes from North Dakota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $18k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION is better cushioned than half of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Organizations like GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Dakota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
68% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION?
- GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION (North Dakota) receives grants from 6 organizations whose IRS filings report $689,015 to it, the largest being Cass County Electric Cooperative Inc ($405,000). 3 of them have funded it in more than one year.
- How many funders does GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 6 organizations giving $689,015 in grants to GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION, 3 of which have funded it in more than one year.
- Who is the largest funder of GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION?
- Cass County Electric Cooperative Inc is the largest funder on record, with $405,000 in grants. The full list of funders is on this page.
- How can an organization like GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Dakota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing