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Organizations Community Improvement & Capacity Building Greater Fargo Moorhead Economic Development Corporation

Greater Fargo Moorhead Economic Development Corporation

Fiscal year ending 2024. Filed on June 23, 2025.

51 Broadway 500
Fargo, North Dakota 58102

Greater Fargo Moorhead Economic Development Corporation (EIN: 45-6011769) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Greater Fargo Moorhead Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 3 out of 9 total employees. Among the employees shown here, the average compensation is $210,988. The highest compensated employee at Greater Fargo Moorhead Economic Development Corporation is Joseph Raso with fiscal year 2024 compensation of $329,307.

Revenue, expenses, and employee compensation

Revenue

$3,370,498

Expenses

$3,283,509

Employee compensation

$1,343,319
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joseph Raso
President and Chief Executive Officer
$329,307
$309,776 No related comp$19,531
Ryan Aasheim
Chief Business Development Officer
$168,745
$151,000 No related comp$17,745
John MacHacek
Chief Innovation Officer
$134,913
$115,908 No related comp$19,005

Benchmark Employee Compensation

Non-Employee Board Members

Bernie Dardis
Agency Director
Chad Peterson
Executive Committee Member
David Ebinger
Executive Committee Member
Don Campbell
Chair-Elect
Dr Carrie Brimhall
Executive Committee Member
Dr Tim Mahoney
Agency Director
Jason Seger
Secretary
Jim Buus
Chair
Kevin Hanson
Director at-large
Matt Gilbertson
Agency Director
Mike Arntson
Treasurer
Rachel Lei
Director at-large

Contractors

Covergent Nonprofit Solutions LLC
Consulting
$302,500
Orange 142 LLC
Marketing
$234,401
Be More Colorful
Virtual Tours
$221,549
Off Color Media
Videographer
$190,000
H2M
Consulting
$115,333

Mission Statement

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.

Revisions to this organization profile

June 23, 2025:
2024 Greater Fargo Moorhead Economic Development Corporation 990 filed
June 3, 2024:
2023 Greater Fargo Moorhead Economic Development Corporation 990 filed
August 9, 2023:
2022 Greater Fargo Moorhead Economic Development Corporation 990 filed

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