Greater Fargo Moorhead Economic
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$1.9M
-15.5% YoY
Annual Giving
—
Grant Count
0
Avg Grant Size
—
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,909,036 | $2,258,311 | $2,789,395 |
| Revenue | $3,370,498 | $2,046,324 | $1,756,117 |
| Expenses | $3,283,509 | $2,061,813 | $1,545,484 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $83,695 | $71,214 | $18,441 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Greater Fargo Moorhead Economic fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATT GILBERTSON | AGENCY DIRECTOR | 0.2 | — |
| BERNIE DARDIS | AGENCY DIRECTOR | 0.2 | — |
| DR TIM MAHONEY | AGENCY DIRECTOR | 0.2 | — |
| RACHEL LEI | AT-LARGE DIRECTOR | 0.2 | — |
| KEVIN HANSON | AT-LARGE DIRECTOR | 0.2 | — |
| TERRI ZIMMERMAN | AT-LARGE DIRECTOR | 0.2 | — |
| TONY GRINDBERG | AGENCY DIRECTOR | 0.2 | — |
| TIFFANY LAWRENCE | AT-LARGE DIRECTOR | 0.2 | — |
| DON CAMPBELL | CHAIR ELECT | 0.7 | — |
| JIM BUUS | CHAIR | 0.7 | — |
| DAVID EBINGER | EXECUTIVE COMMITTEE | 0.7 | — |
| DR CARRIE BRIMHALL | EXECUTIVE COMMITTEE | 0.7 | — |
| CHAD PETERSON | EXECUTIVE COMMITTEE | 0.7 | — |
| JASON SEGER | SECRETARY | 0.7 | — |
| MIKE ARNTSON | TREASURER | 0.7 | — |
| TIM CUROE | AT-LARGE DIRECTOR | 0.2 | — |
| JOSEPH RASO | PRESIDENT/CEO | 40 | $309,776 |
| RYAN AASHEIM | CHIEF BUSINESS DEVELOPMENT | 40 | $151,000 |
| JOHN MACHACEK | CHIEF INNOVATION OFFICER | 40 | $115,908 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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