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 2024.
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
Frequently Asked Questions
What is Greater Fargo Moorhead Economic?
Greater Fargo Moorhead Economic is a nonprofit organization focused on Community Improvement & Capacity Building, based in FARGO, ND. It holds $1.9M in total assets as of 2024.
How large is Greater Fargo Moorhead Economic?
As of 2024, Greater Fargo Moorhead Economic holds $1.9M in total assets with $3.4M in annual revenue.
Where does Greater Fargo Moorhead Economic operate?
Greater Fargo Moorhead Economic has awarded grants in North Dakota.
What is Greater Fargo Moorhead Economic's EIN?
Greater Fargo Moorhead Economic's EIN (Employer Identification Number) is 45-6011769. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Greater Fargo Moorhead Economic's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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