Greater Fargo Moorhead Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,574,701 | 994,159 | 580,542 | 32.4 | 46% |
| 2012 | 1,264,883 | 954,773 | 310,110 | 37.6 | 54% |
| 2013 | 1,004,148 | 1,152,644 | −148,496 | 29.6 | 55% |
| 2014 | 932,675 | 1,333,537 | −400,862 | 22.0 | 16% |
| 2015 | 987,380 | 1,546,523 | −559,143 | 14.6 | 15% |
| 2016 | 1,372,832 | 1,488,844 | −116,012 | 14.2 | 49% |
| 2017 | 1,323,101 | 1,522,506 | −199,405 | 12.4 | 50% |
| 2018 | 1,360,580 | 1,789,721 | −429,141 | 7.6 | 45% |
| 2019 | 1,696,233 | 1,512,139 | 184,094 | 13.0 | 56% |
| 2020 | 1,563,513 | 1,477,934 | 85,579 | 16.3 | 60% |
| 2021 | 1,379,514 | 1,567,411 | −187,897 | 14.7 | 58% |
| 2022 | 1,756,117 | 1,545,484 | 210,633 | 15.4 | 62% |
| 2023 | 2,046,324 | 2,061,813 | −15,489 | 9.0 | 47% |
In its most recent public year (2023), this organization spent $15,489 more than it brought in. Its reserves stood at about 9 months of spending, down from 32.4 in 2011. Staff pay was 47% of spending. $104,810 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Greater Fargo Moorhead Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works