Growth Initiative Fund
To promote economic development in Cass county, North Dakota. The corporation shall exist to create and manage financial programs to encourage primary sector job creation in Cass county.
Growth Initiative Fund at a glance
In short: Growth Initiative Fund reported $3K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $2,500 — reported as a total on the IRS filing, without an itemized list
- +0.0% vs 2024
- Total assets
- $9,117,451
- +0.3% vs 2024
- Revenue (2025)
- $83,640
- -88.6% vs 2024
- Net investment income (2025)
- $76,024
- +9.7% vs 2024
- Expenses (2025)
- $49,804
- -26.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Growth Initiative Fund 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 2025, annual grant giving ranged from $3K (2022) to $10K (2021). In 2025 it reported $3K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NDSU Research & Technology Park Fargo, ND | To support small business development center staff person in fargo. | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $9,117,451 | $83,640 | $49,804 | $2,500 | Total only | $76,024 |
| 2024 | $9,087,417 | $735,425 | $67,477 | $2,500 | Total only | $69,321 |
| 2023 | $8,405,427 | $73,346 | $59,412 | $2,500 | Total only | $63,978 |
| 2022 | $8,391,493 | $41,280 | $72,293 | $2,500 | Total only | $34,830 |
| 2021 | $8,422,506 | $49,631 | $33,851 | $10,000 | 1 | $44,531 |
| 2020 | $8,406,726 | $61,356 | $32,705 | $10,000 | 1 | $58,356 |
| 2019 | $8,378,075 | $83,320 | $43,196 | $10,000 | 1 | $76,670 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Growth Initiative Fund
Based on IRS filings
Growth Initiative Fund is a public charity focused on Community Improvement & Capacity Building, based in Fargo, ND. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $9.1M in total assets. In 2025, it reported $3K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $76K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Growth Initiative Fund is led by Steve Dusek, Chair on every filing since 2024; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Steve Dusek
Chair
On filings since 2024
0.5 hrs/week
No compensation reported
Josh Teigen
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Hari Panjini
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Tom Seymour
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Julie Whitney
Vice Chair
Treasurer → Vice Chair, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
Mark Voigt
Treasurer
Secretary → Treasurer, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
Jim Hambrick
Secretary
New on the 2025 filing
0.5 hrs/week
No compensation reported
Former officers (9)
- Former: Michelle Schumacher (2021–2024) — Director
- Former: Lisa Yoney (2023–2024) — Vice Chair
- Former: Shelly Kegley (2019–2023) — Secretary
- Former: Steve Duesk (2023) — Vice Chair
- Former: Bernie Sinner (2019–2022) — Director
- Former: Chad Sapa (2019–2022) — Vice Chair
- Former: Greg Mastrud (2019–2022) — Chair
- Former: F. John Williams (2019–2021) — Treasurer
- Former: James Burgum (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Growth Initiative Fund
How much does Growth Initiative Fund give each year?
Growth Initiative Fund reported $3K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $3K in grants paid.
How large is Growth Initiative Fund?
Growth Initiative Fund reported $9.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $84K.
What is Growth Initiative Fund?
Growth Initiative Fund is a public charity focused on Community Improvement & Capacity Building, based in Fargo, ND. It holds $9.1M in total assets as of 2025.
Where does Growth Initiative Fund operate?
Growth Initiative Fund has awarded grants in North Dakota.
What is Growth Initiative Fund's EIN?
Growth Initiative Fund's EIN (Employer Identification Number) is 45-0431077. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS April 23, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 24, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 2, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 24, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 20, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 8, 2026)
Live grants for the work Growth Initiative Fund funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Growth Initiative Fund's focus areas in our free grants database
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Growth Initiative Fund down — hundreds of funders to go?