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 · View filing
Total Assets
$1.9M
-15.5% YoY
Revenue
$3.4M
+64.7% YoY
Net Investment Income
$84K
+17.5% YoY
Expenses
$3.3M
+59.3% YoY
About Greater Fargo Moorhead Economic
Based on IRS filings
Greater Fargo Moorhead Economic is a nonprofit organization 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
Ready to take the next step with Greater Fargo Moorhead Economic?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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
1 grants across all recorded years
Open Grants
5 open opportunities from Greater Fargo Moorhead Economic
Apprenticeship Minnesota
GREATER FARGO MOORHEAD ECONOMIC
Amount
Varies
Deadline
Rolling / Open
Growth Initiative Fund (GIF)
GREATER FARGO MOORHEAD ECONOMIC
Amount
Varies by loan; GIF loan approvals ranged from $372,000 to $1,015,000 in recent years
Deadline
Rolling / Open
Minnesota Dual-Training Pipeline Program
GREATER FARGO MOORHEAD ECONOMIC
Amount
Grants available for employers to create or expand dual-training initiatives
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & 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 |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Greater Fargo Moorhead Economic on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities