Liabilities / Assets
6th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
6th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
6th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
19th percentile
Higher top officer pay than 19% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
37th percentile
Faster asset growth than 37% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Assets
Down$8,224,489
Down $24,755 (-0.3%) from 2013
Net Assets
Down$8,224,489
Down $24,755 (-0.3%) from 2013
Liabilities
Flat$0
Flat from 2013
Revenue
Up$41,136
Up $19,449 (+90%) from 2013
Expenses
Up$65,891
Up $21,853 (+50%) from 2013
Net Income
Down-$24,755
Down $2,404 (-11%) from 2013
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.
To provide support to existing and new businesses in the county.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,750,000 | $3,253,375 | ▲ $1,503,375 |
| Savings and Temporary Cash Investments | $4,590,396 | $2,921,056 | ▼ $1,669,340 |
| Investments Program Related | $1,901,208 | $1,891,874 | ▼ $9,334 |
| Cash and Non-Interest-Bearing Accounts | - | $128,478 | - |
| Total Assets | $8,249,244 | $8,224,489 | ▼ $24,755 |
| Other Assets Total | $7,640 | $29,706 | ▲ $22,066 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $8,249,244 | $8,224,489 | ▼ $24,755 |
| Total Net Assets Fund Balance | $8,249,244 | $8,224,489 | ▼ $24,755 |
| Total Liabilities and Net Assets / Fund Balance | $8,249,244 | $8,224,489 | ▼ $24,755 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $1,891,874 | - | - |
| Name | Title |
|---|---|
| James Burgum | Chair |
| Bernie Sinner | Vice Chair |
| Ann Mcconn | Director |
| Chad Sapa | Director |
| Chuck Hoge | Director |
| James P Gartin | Chief Administrative Officer |
| Greg Mastrud | Secretary |
| F John Williams | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $50,881 |
| Grants and Similar Amounts Paid | $15,010 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $34,513 | - | - | $34,513 |
| Grants to Domestic Orgs | $15,010 | - | - | $15,010 |
| Fees for Services Accounting | - | $9,725 | - | $9,725 |
| Fees for Services Legal | - | $4,749 | - | $4,749 |
| Insurance | $1,879 | - | - | $1,879 |
| Fees for Services Other | - | $15 | - | $15 |
| Total Functional Expenses | $51,402 | $14,489 | $0 | $65,891 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $65,891 |
| Total Expenses per Audited Statements | $65,891 |
| Total Expenses per Form 990 | $65,891 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Municipal Airport Authority | Fargo, ND | - | Air Service Grant | $15,010 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The 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.”
“The entity appointing a director shall have the right to remove a director so appointed at any t1me 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 commiss1on - one director shall be appointed by the west fargo city commission - three directors shall be appointed by the greater fargo moorhead economic development corporation.”
“Members have the right to approve the annual budget of the organization and to make appropriate changes in the budget from time to time.”
“There are no committees with the authority to act on behalf of the board of directors.”
“The form 990 was submitted to the full governing board electronically for their review and approval.”
“Board 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 finance/office manager reviews the signed documents and brings up any possible conflicts to the president of greater fargo moorhead economic development corporation.”
“The organization has the governing documents, conflict of interest policy, and financial statements available upon request.”
“The process has not changed from the prior year.”
“The 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 would be 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 2011.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE SUPPORT TO EXISTING AND NEW BUSINESSES IN THE COUNTY. |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | LISBETH A LARSON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7013641909 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 51 BROADWAY SUITE 500 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FARGO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | ND |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 58102 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 128478 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 15010 |
| IRS990/CYInvestmentIncomeAmt | 0 | 32566 |
| IRS990/CYOtherExpensesAmt | 0 | 50881 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 8570 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -24755 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 65891 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 41136 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | 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 SERVICINGE 43 PACE LOANS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 51402 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 9725 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9725 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 4749 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 4749 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 15 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 15 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JAMES BURGUM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BERNIE SINNER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | GREG MASTRUD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | F JOHN WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CHUCK HOGE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CHAD SAPA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ANN MCCONN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JAMES P GARTIN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | CHIEF ADMINISTRATIVE OFFICER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1993 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantAmt | 0 | 15010 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 15010 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 15010 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 41136 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 1879 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1879 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 32566 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 32566 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 1901208 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 1891874 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 1750000 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 3253375 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | ND |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 8249244 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 8224489 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 7640 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 29706 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 34513 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 34513 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JAMES P GARTIN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525990 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | MISCELLANEOUS INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | INTEREST INCOME-PACE L |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 8305 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 265 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 8305 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 265 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 29485 |
| IRS990/PYInvestmentIncomeAmt | 0 | 19047 |
| IRS990/PYOtherExpensesAmt | 0 | 14553 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2640 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -22351 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 44038 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 21687 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -24755 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 8570 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 4590396 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2921056 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 20000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 20000 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 32566 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 19047 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12150 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 21228 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 34154 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 119145 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 28999 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.14370 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.72350 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 20000 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 20000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 20000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 139145 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 65891 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 1891874 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | PACE NOTES RECEIVABLES |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 41136 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE 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 WOULD BE 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 2011. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 1891874 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 65891 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 41136 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 41136 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 65891 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 15010 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | AIR SERVICE GRANT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | MUNICIPAL AIRPORT AUTHORITY |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 456002069 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | PO BOX 2845 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | FARGO |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | ND |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 58108 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATIONS THAT RECEIVE GRANTS FROM GROWTH INITIATIVE FUND ARE REQUIRED TO REPORT BACK TO THE BOARD OF DIRECTORS ON THE DISTRIBUTION OF THE GRANT PROCEEDS. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 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/SupplementalInformationDetail/ExplanationTxt | 1 | THE ENTITY APPOINTING A DIRECTOR SHALL HAVE THE RIGHT TO REMOVE A DIRECTOR SO APPOINTED AT ANY T1ME 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 COMMISS1ON - ONE DIRECTOR SHALL BE APPOINTED BY THE WEST FARGO CITY COMMISSION - THREE DIRECTORS SHALL BE APPOINTED BY THE GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERS HAVE THE RIGHT TO APPROVE THE ANNUAL BUDGET OF THE ORGANIZATION AND TO MAKE APPROPRIATE CHANGES IN THE BUDGET FROM TIME TO TIME. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORM 990 WAS SUBMITTED TO THE FULL GOVERNING BOARD ELECTRONICALLY FOR THEIR REVIEW AND APPROVAL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOARD 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 FINANCE/OFFICE MANAGER REVIEWS THE SIGNED DOCUMENTS AND BRINGS UP ANY POSSIBLE CONFLICTS TO THE PRESIDENT OF GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION HAS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XII, LINE 2C: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 8249244 |
| IRS990/TotalAssetsEOYAmt | 0 | 8224489 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 8249244 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 8224489 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 14489 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 51402 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 65891 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 8249244 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 8224489 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 51402 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 8570 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 32566 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 8570 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 41136 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 7 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 8249244 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 8224489 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 8249244 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 8224489 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 51 BROADWAY SUITE 500 |
| IRS990/USAddress/CityNm | 0 | FARGO |
| IRS990/USAddress/StateAbbreviationCd | 0 | ND |
| IRS990/USAddress/ZIPCd | 0 | 58102 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2016-03-07 17:11:31Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMES P GARTIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHIEF ADMINISTRATIVE OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7013641900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-04-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GROWTH INITIATIVE FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GROW |
| ReturnHeader/Filer/EIN | 0 | 450431077 |
| ReturnHeader/Filer/PhoneNum | 0 | 7013641900 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 51 BROADWAY NO 500 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FARGO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | ND |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 58102 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 416134264 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | FIEBIGER SWANSON WEST & COPLLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2537 S UNIVERSITY DR STE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FARGO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | ND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 58103 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7012802100 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEREMY ULMER CPA |
| ReturnHeader/ReturnTs | 0 | 2015-04-28T15:13:43-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.