Greater Fargo Moorhead Economic Development Corporation
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.
Greater Fargo Moorhead Economic Development Corporation at a glance
- Total assets
- $1,909,036
- -15.5% vs 2023
- Revenue (2024)
- $3,370,498
- +64.7% vs 2023
- Net investment income (2024)
- $83,695
- +17.5% vs 2023
- Expenses (2024)
- $3,283,509
- +59.3% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Greater Fargo Moorhead Economic Development Corporation
Open Grants
5 open opportunities from Greater Fargo Moorhead Economic Development Corporation
Apprenticeship Minnesota
Greater Fargo Moorhead Economic Development Corporation
Amount
Varies
Deadline
Deadline not published
Growth Initiative Fund (GIF)
Greater Fargo Moorhead Economic Development Corporation
Amount
Varies by loan; GIF loan approvals ranged from $372,000 to $1,015,000 in recent years
Deadline
Rolling (quarterly review)
Minnesota Dual-Training Pipeline Program
Greater Fargo Moorhead Economic Development Corporation
Amount
Grants available for employers to create or expand dual-training initiatives
Deadline
Deadline not published
Who Greater Fargo Moorhead Economic Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $15K (2020) to $23K (2019). In 2020 it made 1 grant totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Cass-Clay Fargo, ND | New American workforce development initiative (3 of 3 years) | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,909,036 | $3,370,498 | $3,283,509 | — | — | $83,695 |
| 2023 | $2,258,311 | $2,046,324 | $2,061,813 | — | — | $71,214 |
| 2022 | $2,789,395 | $1,756,117 | $1,545,484 | — | — | $18,441 |
| 2021 | $1,995,409 | $1,379,514 | $1,567,411 | — | — | $7,607 |
| 2020 | $2,100,954 | $1,563,513 | $1,477,934 | $15,000 | 1 | $18,510 |
| 2019 | $1,722,162 | $1,696,233 | $1,512,139 | $22,500 | 2 | $19,458 |
About Greater Fargo Moorhead Economic Development Corporation
Based on IRS filings
Greater Fargo Moorhead Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Fargo, ND. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.9M in total assets. Net investment income was $84K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Greater Fargo Moorhead Economic Development Corporation is led by Joseph Raso, President & CEO on every filing since 2019; 3 of 19 officers listed in 2024 are compensated.
Officers on the 2024 filing
Joseph Raso
President & CEO
On filings since 2019
40 hrs/week
$219K (2019) → $310K (2024)
Jim Buus
Chair
Secretary → Chair Elect, 2023
Chair Elect → Chair, 2024
On filings since 2019
0.7 hrs/week
No compensation reported
Bernie Dardis
Agency Director
On filings since 2020
0.2 hrs/week
No compensation reported
Tim Mahoney
Agency Director
On filings since 2020
0.2 hrs/week
No compensation reported
Matt Gilbertson
Agency Director
On filings since 2021
0.2 hrs/week
No compensation reported
Tim Curoe
At-Large Director
On filings since 2021
0.2 hrs/week
No compensation reported
Tony Grindberg
Agency Director
Community Director → At-Large Director, 2023
At-Large Director → Agency Director, 2024
On filings since 2021
0.2 hrs/week
No compensation reported
Tiffany Lawrence
At-Large Director
Executive Committee → At-Large Director, 2023
On filings since 2022
0.2 hrs/week
No compensation reported
Kevin Hanson
At-Large Director
New on the 2024 filing
0.2 hrs/week
No compensation reported
Rachel Lei
At-Large Director
New on the 2024 filing
0.2 hrs/week
No compensation reported
Terri Zimmerman
At-Large Director
New on the 2024 filing
0.2 hrs/week
No compensation reported
John Machacek
Chief Innovation Officer
On filings since 2022
40 hrs/week
$104K (2022) → $116K (2024)
Ryan Aasheim
Chief Business Development
Chief Business Development Officer → Chief Business Development, 2023
On filings since 2022
40 hrs/week
$123K (2022) → $151K (2024)
Carrie Brimhall
Executive Committee
Honorary → Honorary Member, 2021
Honorary Member → Executive Committee, 2024
On filings since 2019
0.7 hrs/week
No compensation reported
Chad Peterson
Executive Committee
On filings since 2019
0.7 hrs/week
No compensation reported
David Ebinger
Executive Committee
On filings since 2021
0.7 hrs/week
No compensation reported
Mike Arntson
Treasurer
At-Large Director → Executive Committee, 2022
Executive Committee → Treasurer, 2024
On filings since 2021
0.7 hrs/week
No compensation reported
Don Campbell
Chair Elect
Treasurer → Chair Elect, 2024
On filings since 2022
0.7 hrs/week
No compensation reported
Jason Seger
Secretary
At-Large Director → Secretary, 2024
On filings since 2023
0.7 hrs/week
No compensation reported
Former officers (47)
- Former: Al Hurley (2019–2023) — At-Large Director
- Former: Bernie Sinner (2019–2023) — Agency Director
- Former: Beth Slette (2019–2023) — Honorary Member
- Former: Brandon Lunak (2019–2023) — Honorary Member
- Former: Dave Piepkorn (2019–2023) — Agency Director
- Former: David Batcheller (2019–2023) — At-Large Director
- Former: Judd Graham (2019–2023) — Past Chair
- Former: Marshal Albright (2019–2023) — Chair
- Former: Randy Gerhold (2019–2023) — Community Director
- Former: Rupak Gandhi (2019–2023) — Honorary Member
- Former: Teresa Warne (2019–2023) — Secretary
- Former: David Runsvold (2021–2023) — Executive Committee
- Former: Eric Christianson (2021–2023) — At-Large Director
- Former: James Sweeney (2021–2023) — At-Large Director
- Former: Kevin Moug (2021–2023) — At-Large Director
- Former: David Cook (2022–2023) — Agency Director
- Former: Rod Flanigan (2022–2023) — Honorary Member
- Former: Anna Hanson (2023) — Community Director
- Former: Colin Irvine (2023) — Agency Director
- Former: Colleen Fitzgerald (2023) — Community Director
- Former: Jim Kapitan (2023) — Agency Director
- Former: Paul Krabbenhoft (2023) — Agency Director
- Former: Tim Downs (2023) — Agency Director
- Former: Anne Blackhurst (2019–2022) — Agency Director
- Former: Bryan Nermoe (2019–2022) — Executive Committee · Filing note: Resigned 3302022
- Former: David White (2019–2022) — At-Large Director
- Former: Dean Bresciani (2019–2022) — Agency Director · Filing note: Resigned 62022
- Former: John Richman (2019–2022) — Honorary Member
- Former: Kevin Biffert (2019–2022) — At-Large Director
- Former: Rick Steen (2019–2022) — Agency Director
- Former: William Craft (2019–2022) — Agency Director
- Former: Holly Anderson Battocchi (2021–2022) — Community Director
- Former: Jenna Kahly (2022) — Agency Director
- Former: Tanya Schmidt (2022) — Community Director
- Former: Bryce Johnson (2019–2021) — At-Large Director
- Former: Denise Kolpack (2019–2021) — Treasurer
- Former: Kevin Campbell (2019–2021) — Agency Director
- Former: Jennifer Bath (2021) — Community Director
- Former: Grant Weyland (2019–2020) — Executive Committee
- Former: James Burgum (2019–2020) — At-Large Director
- Former: Jeffry Volk (2019–2020) — Past Chair
- Former: Jim Sweeney (2019–2020) — At-Large Director
- Former: Johnathan Judd (2020) — Agency Director
- Former: Brent Teiken (2019) — At-Large Director
- Former: Mayor Bernie Dardis (2019) — Agency Director
- Former: Mayor Johnathan Judd (2019) — Agency Director
- Former: Mayor Tim Mahoney (2019) — Agency Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $310K, to Joseph Raso (President/CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Greater Fargo Moorhead Economic Development Corporation
How large is Greater Fargo Moorhead Economic Development Corporation?
Greater Fargo Moorhead Economic Development Corporation reported $1.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.4M.
What is Greater Fargo Moorhead Economic Development Corporation?
Greater Fargo Moorhead Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Fargo, ND. It holds $1.9M in total assets as of 2024.
Where does Greater Fargo Moorhead Economic Development Corporation operate?
Greater Fargo Moorhead Economic Development Corporation has awarded grants in North Dakota.
What is Greater Fargo Moorhead Economic Development Corporation's EIN?
Greater Fargo Moorhead Economic Development Corporation's EIN (Employer Identification Number) is 45-6011769. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS June 15, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS September 24, 2021)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Greater Fargo Moorhead Economic Development Corporation's focus areas in our free grants database
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Greater Fargo Moorhead Economic Development Corporation down — hundreds of funders to go?