Civic Intelligence

Growth Initiative Fund

990 • Fiscal year 2012 • EIN 45-0431077

Jan 01, 2012 to Dec 31, 2012 • Filed on Jun 27, 2013

Organization ProfileN/A
51 Broadway No 50058102
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

43rd percentile

-0.0%

Faster asset growth than 43% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$8,271,595

Down $1,114 (-0.0%) from 2011

Net Assets

Down

$8,271,595

Down $1,114 (-0.0%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$36,433

Up $3,844 (+12%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $8,272,709Liabilities 2011: $0Net Assets 2011: $8,272,7092011Assets 2012: $8,271,595Liabilities 2012: $0Net Assets 2012: $8,271,5952012Assets 2013: $8,249,244Liabilities 2013: $0Net Assets 2013: $8,249,2442013Assets 2014: $8,224,489Liabilities 2014: $0Net Assets 2014: $8,224,4892014Assets 2015: $8,255,779Liabilities 2015: $0Net Assets 2015: $8,255,7792015Assets 2016: $8,294,042Liabilities 2016: $500Net Assets 2016: $8,293,5422016Assets 2017: $8,316,156Liabilities 2017: $0Net Assets 2017: $8,316,1562017Assets 2018: $8,337,951Liabilities 2018: $0Net Assets 2018: $8,337,9512018Assets 2019: $8,378,075Liabilities 2019: $0Net Assets 2019: $8,378,0752019Assets 2020: $8,406,726Liabilities 2020: $0Net Assets 2020: $8,406,7262020Assets 2021: $8,422,506Liabilities 2021: $0Net Assets 2021: $8,422,5062021Assets 2022: $8,391,493Liabilities 2022: $0Net Assets 2022: $8,391,4932022Assets 2023: $8,405,427Liabilities 2023: $0Net Assets 2023: $8,405,4272023Assets 2024: $9,087,417Liabilities 2024: $14,042Net Assets 2024: $9,073,3752024

Highlighted filing

2012

Assets$8,271,595
Liabilities$0
Net Assets$8,271,595
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2011: $32,5892011Expenses 2012: $36,4332012Revenue 2013: $21,687Expenses 2013: $44,038Net Income 2013: -$22,3512013Revenue 2014: $41,136Expenses 2014: $65,891Net Income 2014: -$24,7552014Revenue 2015: $105,890Expenses 2015: $74,600Net Income 2015: $31,2902015Revenue 2016: $51,346Expenses 2016: $13,583Net Income 2016: $37,7632016Revenue 2017: $60,482Expenses 2017: $37,868Net Income 2017: $22,6142017Revenue 2018: $81,899Expenses 2018: $60,104Net Income 2018: $21,7952018Revenue 2019: $83,320Expenses 2019: $43,196Net Income 2019: $40,1242019Revenue 2020: $61,356Expenses 2020: $32,705Net Income 2020: $28,6512020Revenue 2021: $49,631Expenses 2021: $33,851Net Income 2021: $15,7802021Revenue 2022: $41,280Expenses 2022: $72,293Net Income 2022: -$31,0132022Revenue 2023: $73,346Expenses 2023: $59,412Net Income 2023: $13,9342023Revenue 2024: $735,425Expenses 2024: $67,477Net Income 2024: $667,9482024

Highlighted filing

2012

Revenue-
Expenses$36,433
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jun 27, 2013
Return Version
2012v2.1
Gross Receipts
$35,319
Mission and Program Overview

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.

Filing and Contact Details

Filer

EIN
45-0431077
Raw XML Appendix379 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Description0The purpose of Growth Initiative Fund, Inc. shall be to promote economic development in Cass County, North Dakota. The Corporation shall exist to create and manage financial programs to encourage primary sector growth and retention in Cass County. The Organization provides incentive loans to existing and out-of-state clients 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 32 PACE loans.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The Organization is organized as a North Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal and state income taxes under Internal Revenue Code Section 501(c)(3) and Section 57-38-09 of the North Dakota Century Code, respectively. The Organization is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Organization is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The Organization has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990T) with the IRS. The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. The Organization is no longer subject to federal tax examination by tax authorities for the years before 2009.
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IRS990ScheduleO/GeneralExplanation/Explanation0James P Gartin and Donald Berg, the CEO and Interim CEO respectively of an unrelated nonprofit, Greater Fargo Moorhead Economic Development Corporation, have a business relationship with Chuck Crary and Bernie Sinner due to their service as Board Directors on both nonprofit governing boards.
IRS990ScheduleO/GeneralExplanation/Explanation1The members of this Corporation shall be composed of those persons who are at-large directors, agency directors, and community directors of the Greater Fargo Moorhead Economic Development Corporation ("GFMEDC"). When any person shall cease to be a Director of the GFMEDC, such person shall cease to be a member of this Corporation automatically and without any affirmative action on the part of the Corporation.
IRS990ScheduleO/GeneralExplanation/Explanation2The entity appointing a Director shall have the right to remove a Director so appointed at any time and appoint a successor for such Director. Any vacancy occurring in the Board of Directors shall be promptly filled by appointment by the entity responsible for selecting such Director. - Two Directors shall be appointed by the Cass County Commission and such Directors shall reside in Cass County. - One Director shall be appointed by the Fargo City Commission. - One Director shall be appointed by the West Fargo City Commission. - Three Directors shall be appointed by the GFMEDC.
IRS990ScheduleO/GeneralExplanation/Explanation3Members have the right to approve the annual budget of the Organization and to make appropriate changes in the budget from time to time.
IRS990ScheduleO/GeneralExplanation/Explanation4There are no committees with the authority to act on behalf of the Board of Directors.
IRS990ScheduleO/GeneralExplanation/Explanation5The Form 990 was submitted to the full governing board electronically for their review and approval.
IRS990ScheduleO/GeneralExplanation/Explanation6Board members sign the conflict of interest statement and policy annually, of which they are expected to uphold their pledge by abiding by it. Board members are expected to abstain from voting on loans with which they may have a conflict of interest issue. The administrative assistant reviews the signed documents and brings up any possible conflicts to the Director of Business Development of Greater Fargo Moorhead Economic Development Corporation.
IRS990ScheduleO/GeneralExplanation/Explanation7The Organization has the governing documents, conflict of interest policy, and financial statements available upon request.
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ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0581082545
ReturnHeader/Preparer/Name0LISA CHAFFEE CPA
ReturnHeader/Preparer/Phone07012398500
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-07-15T09:20:15-05:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,271,595
Liabilities
$0
Net assets
$8,271,595
Revenue
-
Expenses
$36,433
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.09$0.01$9.07$0.74$0.07$0.67
2023Summary only. Only limited summary data is available for this year.$8.41$0.00$8.41$0.07$0.06$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.39$0.00$8.39$0.04$0.07$0.03
2021Summary only. Only limited summary data is available for this year.$8.42$0.00$8.42$0.05$0.03$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.41$0.00$8.41$0.06$0.03$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$0.00$8.38$0.08$0.04$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.34$0.00$8.34$0.08$0.06$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.32$0.00$8.32$0.06$0.04$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.29$0.00$8.29$0.05$0.01$0.04
2015Detailed filing. Detailed filing data is available for this year.$8.26$0.00$8.26$0.11$0.07$0.03
2014Detailed filing. Detailed filing data is available for this year.$8.22$0.00$8.22$0.04$0.07$0.02
2013Detailed filing. Detailed filing data is available for this year.$8.25$0.00$8.25$0.02$0.04$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.27$0.00$8.27$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.27$0.00$8.27$0.03