Civic Intelligence

Emerging Prairie Inc

990 • Fiscal year 2017 • EIN 81-0742137

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

122 1/2 North BroadwayFargo, ND 58102

(218) 640-0545

Siviq Scores

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

Liabilities / Assets

28th percentile

0.05x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

15th percentile

0.02x

Higher debt load relative to revenue than 15% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$98,040

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

67%

Faster asset growth than 94% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$456,071

Up $183,127 (+67%) from 2016

Net Assets

Up

$433,820

Up $172,492 (+66%) from 2016

Liabilities

Up

$22,251

Up $10,635 (+92%) from 2016

Revenue

Up

$1,026,998

Up $134,460 (+15%) from 2016

Expenses

Up

$854,506

Up $185,433 (+28%) from 2016

Net Income

Down

$172,492

Down $50,973 (-23%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2016: $272,944Liabilities 2016: $11,616Net Assets 2016: $261,3282016Assets 2017: $456,071Liabilities 2017: $22,251Net Assets 2017: $433,8202017Assets 2018: $528,604Liabilities 2018: $27,401Net Assets 2018: $501,2032018Assets 2019: $1,721,543Liabilities 2019: $63,111Net Assets 2019: $1,658,4322019Assets 2020: $2,062,763Liabilities 2020: $248,199Net Assets 2020: $1,814,5642020Assets 2021: $1,252,984Liabilities 2021: $547,475Net Assets 2021: $705,5092021Assets 2022: $1,102,894Liabilities 2022: $1,096,179Net Assets 2022: $6,7152022Assets 2023: $1,486,717Liabilities 2023: $1,662,993Net Assets 2023: -$176,2762023Assets 2024: $1,130,692Liabilities 2024: $2,769,396Net Assets 2024: -$1,638,7042024

Highlighted filing

2017

Assets$456,071
Liabilities$22,251
Net Assets$433,820

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2016: $892,538Expenses 2016: $669,073Net Income 2016: $223,4652016Revenue 2017: $1,026,998Expenses 2017: $854,506Net Income 2017: $172,4922017Revenue 2018: $1,203,725Expenses 2018: $1,136,342Net Income 2018: $67,3832018Revenue 2019: $2,630,317Expenses 2019: $1,397,074Net Income 2019: $1,233,2432019Revenue 2020: $1,713,073Expenses 2020: $1,556,941Net Income 2020: $156,1322020Revenue 2021: $1,382,080Expenses 2021: $2,236,586Net Income 2021: -$854,5062021Revenue 2022: $1,996,803Expenses 2022: $2,653,056Net Income 2022: -$656,2532022Revenue 2023: $2,498,869Expenses 2023: $2,681,859Net Income 2023: -$182,9902023Revenue 2024: $1,671,068Expenses 2024: $3,133,495Net Income 2024: -$1,462,4272024

Highlighted filing

2017

Revenue$1,026,998
Expenses$854,506
Net Income$172,492
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,026,998
Mission and Program Overview

Mission

Our mission is to connect and celebrate the entrepreneurial ecosystem in Fargo-Moorhead.

Connecting and celebrating the entrepreneurial ecosystem in Fargo-Moorhead.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$441,052-
Rtn Earn Endowment Incm Other Fnds$261,328$433,820▲ $172,492
Cash and Non-Interest-Bearing Accounts$266,354--
Accounts Receivable-$15,019-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$272,944$456,071▲ $183,127
Other Assets Total$6,590--
Liabilities
Accounts Payable and Accrued Expenses$11,616$22,251▲ $10,635
Total Liabilities$11,616$22,251▲ $10,635
Net Assets / Fund Balance
Total Net Assets Fund Balance$261,328$433,820▲ $172,492
Total Liabilities and Net Assets / Fund Balance$272,944$456,071▲ $183,127
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg TehvenExecutive DirectorFT$95,797$2,243$98,040

Board Members and Trustees

NameTitle
Patrick ChaffeeBoardChair/President/Treasurer
Allison BarmannMember
Jane SchuhMember
Kirk AntonMember
Tim BrookinsMember
Jake JoraanstadSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$813,233
Program Service Revenue
$213,513
Investment Income
$252
Other Revenue
$0
All Other Contributions
$726,848
Change in Net Assets
$172,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$554,304
Salaries, Compensation, and Employee Benefits$300,152
Total Fundraising Expense$42,921
Grants and Similar Amounts Paid$50
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,462--$168,462
Fees for Services Other$161,197--$161,197
Occupancy$121,117--$121,117
Current Officers, Directors, Trustees, and Key Employees$19,608$39,216$39,216$98,040
Conferences and Meetings$94,462$3,046-$97,508
All Other Expenses$43,191--$43,191
Office Expenses$40,266--$40,266
Travel$36,329--$36,329
Payroll Taxes$18,142$3,705$3,705$25,552
Advertising$21,998--$21,998
Information Technology$3,613$9,994-$13,607
Fees for Services Legal-$5,495-$5,495
Pension Plan Contributions$4,668--$4,668
Other Employee Benefits$3,430--$3,430
Insurance-$2,849-$2,849
Other Expenses$2,798--$2,798
Interest$404--$404
Grants to Domestic Individuals$50--$50
Total Functional Expenses$747,280$64,305$42,921$854,506
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

There are no committees with the authority to act on behalf of the board.

Form 990, Part VI, Section B, line 11B

The Form 990 will be provided to the Board of Directors via e-mail prior to being filed with the IRS.

Form 990, Part VI, Section B, line 12C

Directors, principal officers, or members of a committee are required to comply with the conflict of interest policy and report any potential conflicts. Potential conflicts are reviewed by the remaining board or committee members. Persons with conflicts are recused from voting on issues in which they have a conflict.

Form 990, Part VI, Section B, line 15A

Compensation is determined and recorded by the Board of Directors based on compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations. This process was last undertaken in 2017.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Emerging Prairie Inc
EIN
81-0742137
Phone
2186400545
Address
122 1/2 North Broadway, Fargo, ND 58102

Signing Officer

Name
Greg Tehven
Title
Executive Director
Phone
2186400545
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Tehven
Formed
2015
Legal Domicile
Nd
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
300

Preparer

Firm
Eide Bailly Llp
Address
4310 17TH AVE S PO BOX 2545, FARGO, ND 58108-2545
Preparer
Lisa Chaffee CPA
Phone
7012398500
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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/Desc0To host events and provide office spaces in the Fargo Moorhead area to promote the growth of local entrepreneurs and to attract new business to the region.Programs:* The Prairie Den - A Co-working space located at 122 1/2 N. Broadway, Fargo, ND 58102 which acts as a home for startups, creatives, founders, meetup groups, and more.* Retreats - Includes the following retreats: * Social Tilt - Social Tilt exists to bring together an emerging coalition of community builders. This includes individuals who have stepped up to start up their communities into vibrant hubs of entrepreneurial spirit, social innovation and creative community development. * Founder's Only - Founder's Only Retreat encourages Founders to invest in themselves, create a support network, and have time away. * Women's Retreat - A weekend that encourages female founders, creatives, and business owners to share ideas, invest in themselves, and build relationships.* Monthly Meetups - Includes Drone Focus Monthly and potential additions of Ideas to Impact Monthly, and AgTech Monthly.* 1 Million Cups - 1 Million Cups is a free, national program designed to educate, engage, and connect entrepreneurs. Held weekly on Wednesdays except August and December; 42 events per year.* 1 Million Thanks - An annual celebration of our community where we thank volunteers and champions who are moving the community forward, as well as an opportunity to share Emerging Prairie's impact from the previous year.* Intern Experience Program - A personal and professional development program designed to connect interns to each other and the community while building skills to apply during their internships.* Founder's Programming - Facilitated learning groups focused on the challenges and hurdles experienced by founders of organizations. Also a social gathering held bi-monthly for entrepreneurs to gather and connect. * The League * A facilitated learning group focused on the challenges and hurdles experienced by founders of organizations generating an annual revenue of one million and above. * Rainmakers * A facilitated learning group focused on the challenges and hurdles experienced by the direct support personnel of the founders and entrepreneurs in the startup ecosystem. * Emerging Founders * A facilitated learning group focused on the challenges and hurdles experienced by founders of organizations generating an annual revenue of one dollar to one million. * TBD/Founder's Drinks*Hackathon - A weekend long event for people across the technology spectrum to engage in collaborative projects, typically centered around building tools to better understand a data set.Events:*Mayor's Summit - Mayors from across North Dakota gather in Fargo to get an indepth look at the makeup of Fargo's entrepreneurial ecosystem.*Prairie Capital Summit - The Prairie Capital Summit will create connections between founders and investors while providing essential knowledge about venture capital for startups.*Possibilities Symposium on Social Business - An event designed to explore social entrepreneurship and positive social impact that showcases and connects these entrepreneurs with the hope of creating new opportunities for collaboration.Conferences:*Drone Focus - Annual conference held every year during Memorial Day week. A gathering focused on convening professionals, enthusiasts, government officials, and leaders in the Unmanned Systems industry.*Cultivate - Convenes leaders, growers, and entrepreneurs in agriculture to explore tech innovations they've created, are currently building, or are searching for in their industry.*TEDxFargo - TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. Our event is called TEDxFargo, where x = independently organized TED event.Other:*Emerging Prairie Fundraising Breakfast - Annual breakfast that is free to attendees. Sole purpose is to build partnerships and donations.
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0456327
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01432734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0813233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0619501
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01432734
IRS990ScheduleA/TotalSupportAmt01433039
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with the authority to act on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 will be provided to the Board of Directors via e-mail prior to being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Directors, principal officers, or members of a committee are required to comply with the conflict of interest policy and report any potential conflicts. Potential conflicts are reviewed by the remaining board or committee members. Persons with conflicts are recused from voting on issues in which they have a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is determined and recorded by the Board of Directors based on compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations. This process was last undertaken in 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0272944
IRS990/TotalAssetsEOYAmt0456071
IRS990/TotalAssetsGrp/BOYAmt0272944
IRS990/TotalAssetsGrp/EOYAmt0456071
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0813233
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt042921
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064305
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0747280
IRS990/TotalFunctionalExpensesGrp/TotalAmt0854506
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011616
IRS990/TotalLiabilitiesEOYAmt022251
IRS990/TotalLiabilitiesGrp/BOYAmt011616
IRS990/TotalLiabilitiesGrp/EOYAmt022251
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0261328
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0433820
IRS990/TotalOtherCompensationAmt02243
IRS990/TotalProgramServiceExpensesAmt0747280
IRS990/TotalProgramServiceRevenueAmt0213513
IRS990/TotalReportableCompFromOrgAmt095797
IRS990/TotalRevenueGrp/ExclusionAmt0252
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0213513
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01026998
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0300
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0272944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0456071
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt036329
IRS990/TravelGrp/TotalAmt036329
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0122 1/2 North Broadway
IRS990/USAddress/CityNm0Fargo
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058102
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.emergingprairie.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Greg Tehven
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02186400545
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Emerging Prairie Inc
ReturnHeader/Filer/BusinessNameControlTxt0EMER
ReturnHeader/Filer/EIN0810742137
ReturnHeader/Filer/PhoneNum02186400545
ReturnHeader/Filer/USAddress/AddressLine1Txt0122 1/2 North Broadway
ReturnHeader/Filer/USAddress/CityNm0Fargo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058102
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId066CC91E6B7F11C4783FFFA5645E675327CB67316
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03F1B4C4A1C1F32CA3CD03C05270CE62742EA9E6E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.135.125.110
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:21:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04310 17TH AVE S PO BOX 2545
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0581082545
ReturnHeader/PreparerPersonGrp/PhoneNum07012398500
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA CHAFFEE CPA
ReturnHeader/ReturnTs02018-11-15T11:11:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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