2015-06-01T11:50:08-05:00 2014-12-31 416134264 FIEBIGER SWANSON WEST & COPLLP 2537 S UNIVERSITY DR STE 200 FARGO ND 58103 990 2014-01-01 456011769 GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION GREA 7013641900 51 BROADWAY NO 500 FARGO ND 58102 JAMES P GARTIN PRESIDENT 7013641900 2015-05-26 1 JEREMY ULMER CPA P01218756 7012802100 2014 2016-02-25 16:41:14Z JAMES P GARTIN 51 BROADWAY SUITE 500 FARGO ND 58102 932675 0 X WWW.GFMEDC.COM X 1946 ND TO GROW & DIVERSIFY THE ECONOMIES OF CASS COUNTY ND AND CLAY COUNTY MN 32 32 11 32 0 0 953441 893148 42131 33228 4076 6299 4500 0 1004148 932675 69523 108171 0 0 754795 821428 0 0 23135 328326 403938 1152644 1333537 -148496 -400862 2861543 2472059 18881 30259 2842662 2441800 X TO GROW AND DIVERSIFY THE ECONOMY IN CASS COUNTY, ND AND CLAY COUNTY, MN, THROUGH THE ATTRACTION, RETENTION, AND EXPANSION OF PRIMARY SECTOR BUSINESSES 0 0 964731 108171 33228 THE CORPORATION PROMOTES AND DEVELOPS THE INDUSTRIAL AND ECONOMIC DEVELOPMENT OF CASS COUNTY, NORTH DAKOTA AND CLAY COUNTY, MINNESOTA, INCLUDING FARGO-MOORHEAD, USA. THIS PROMOTION AND DEVELOPMENT IS DONE THROUGH PROGRAMS AND ACTIVITIES DESIGNED TO BETTER INFORM EXISTING AND POTENTIAL BUSINESSES ABOUT THE BENEFITS OF LOCATING BUSINESS IN THIS REGION. THE OVERALL AIM IS TO IMPROVE THE ECONOMIC WELL-BEING OF THE RESIDENTS OF THE AREA. THE ORGANIZATION WORKS WITH THE ND DEPARTMENT OF COMMERCE AND MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT IN BRINGING NEW BUSINESS TO THE STATE. 52452 BUSINESS RECRUITMENT: THE OBJECTIVE OF THE BUSINESS RECRUITMENT PROGRAM IS TO GROW THE REGIONAL ECONOMY AND CREATE JOBS FOR THE CITIZENS IN CASS COUNTY, ND AND CLAY COUNTY, MN BY ATTRACTING NEW PRIMARY SECTOR BUSINESSES. IN 2014, THE PROGRAM WORKED WITH 17 BUSINESSES INTERESTED IN LOCATING OR RELOCATING IN CASS AND CLAY COUNTIES. 51924 WORKFORCE DEVELOPMENT AND RECRUITMENT PROGRAM: THE OBJECTIVE OF THE WORKFORCE DEVELOPMENT AND RECRUITMENT PROGRAM IS TO ASSIST PRIMARY SECTOR BUSINESS LOCATED IN CASS COUNTY, ND AND CLAY COUNTY, MN WITH THE DEVELOPMENT AND RECRUITMENT OF SKILLED WORKERS. DOING SO HELPS GROW THE REGION'S POPULATION AND TAX BASE AND HELPS ATTRACT AND RETAIN PRIMARY SECTOR BUSINESSES. IN 2014, WE SPONSORED AND PARTICIPATED IN PROGRAMS THAT SUPPORTED THE RECRUITMENT, RETENTION, AND DEVELOPMENT OF WORKFORCE. THE MANUFACTURING TOURS ALLOWED APPROXIMATELY 260 STUDENTS TO TOUR LOCAL AREA MANUFACTURING COMPANIES. TEACHERS IN INDUSTRY SUPPORTED SEVEN TEACHERS AND ONE PROFESSOR FOR FOUR WEEKS AT LOCAL COMPANIES. THE PROGRAM ALSO EXPANDED INTO BISMARCK, WITH TWO TEACHERS BEING HOSTED AT A LOCAL COMPANY. THE TEACHERS OBSERVED PROJECT-BASED LEARNING AND GAINED IDEAS FOR MAKING CLASSROOM CURRICULUM CHANGES. SMART CONNECTIONS INTRODUCES NEW RESIDENTS TO OTHER NEW RESIDENTS AND TO THE COMMUNITY OF FARGO MOORHEAD. THE HEALTH, TECH, AND TRADES EXPO EXPOSES NINTH GRADE STUDENTS TO CAREER OPPORTUNITIES IN THE HEALTH, TECH AND TRADE INDUSTRIES. 4123 BUSINESS RETENTION/EXPANSION: THE OBJECTIVE OF THE BUSINESS RETENTION EXPANSION PROGRAM IS TO GROW THE REGIONAL ECONOMY AND CREATE JOBS FOR THE CITIZENS IN CASS COUNTY, ND AND CLAY COUNTY, MN BY RETAINING EXISTING PRIMARY SECTOR BUSINESSES AND HELPING THEM EXPAND THEIR INVESTMENT AND EMPLOYMENT. THE PROGRAM SERVES 220 PRIMARY SECTOR BUSINESSES BETWEEN BOTH COUNTIES. THE GOAL IS TO MEET WITH THESE COMPANIES ON AN ONGOING BASIS AND ADDRESS ANY BUSINESS ISSUES THAT THEY MAY HAVE. WE ALSO HELP THOSE COMPANIES ACCESS THE TOOLS NEEDED TO HELP THEM EXPAND IN THE REGION. AS ISSUES ARISE, WE STRIVE TO ADDRESS THOSE CONCERNS AND WORK WITH PUBLIC OFFICIALS AND POLICY MAKERS IN CREATING A REGIONAL ENVIRONMENT THAT IS CONDUCIVE FOR ALL PRIMARY SECTOR COMPANIES. 4123 1073230 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X LISBETH A LARSON 7013641909 51 BROADWAY SUITE 500 FARGO ND 58102 TAMMY MILLER BOARD CHAIR 0.50 X X 0 0 0 JEFFRY VOLK CHAIR-ELECT 0.50 X X 0 0 0 RANDY GERHOLD TREASURER 0.50 X X 0 0 0 JUDD GRAHAM SECRETARY 0.50 X X 0 0 0 MARSHAL ALBRIGHT EXECUTIVE COMMITTEE 0.50 X 0 0 0 JAMES BURGUM AT-LARGE DIRECTOR 0.30 X 0 0 0 TOM BUDAN EXECUTIVE COMMITTEE 0.50 X 0 0 0 GRANT WEYLAND EXECUTIVE COMMITTEE 0.50 X 0 0 0 RICH GOLDSBURY AT-LARGE DIRECTOR 0.30 X 0 0 0 BRYCE JOHNSON AT-LARGE DIRECTOR 0.30 X 0 0 0 KELBY KRABBENHOFT AT-LARGE DIRECTOR 0.30 X 0 0 0 DENISE KOLPACK AT-LARGE DIRECTOR 0.30 X 0 0 0 TODD KUMM AT-LARGE DIRECTOR 0.30 X 0 0 0 DENISE MAGNESS AT-LARGE DIRECTOR 0.30 X 0 0 0 BILL MARCIL JR AT-LARGE DIRECTOR 0.30 X 0 0 0 MARTIN PURDY AT-LARGE DIRECTOR 0.30 X 0 0 0 TERESA WARNE AT-LARGE DIRECTOR 0.30 X 0 0 0 DR ANNE BLACKHURST AGENCY DIRECTOR 0.30 X 0 0 0 DR DEAN BRESCIANI AGENCY DIRECTOR 0.30 X 0 0 0 KEVIN CAMPBELL AGENCY DIRECTOR 0.30 X 0 0 0 DR WILLIAM CRAFT AGENCY DIRECTOR 0.30 X 0 0 0 DR DAVID FLOWERS COMMUNITY DIRECTOR 0.30 X 0 0 0 LYNNE KOVASH COMMUNITY DIRECTOR 0.30 X 0 0 0 DR TIM MAHONEY AGENCY DIRECTOR 0.30 X 0 0 0 RICH MATTERN AGENCY DIRECTOR 0.30 X 0 0 0 BRAD MORRIS AGENCY DIRECTOR 0.30 X 0 0 0 CHAD PETERSON EXECUTIVE COMMITTEE 0.50 X 0 0 0 BRAD SCHLOSSMAN EXECUTIVE COMMITTEE 0.50 X 0 0 0 DELTON STEELE AT-LARGE DIRECTOR 0.30 X 0 0 0 RICK STEEN AGENCY DIRECTOR 0.30 X 0 0 0 DR JEFFRY SCHATZ COMMUNITY DIRECTOR 0.30 X 0 0 0 MAYOR DEL RAE WILLIAMS AGENCY DIRECTOR 0.30 X 0 0 0 JAMES P GARTIN PRESIDENT 40.00 X 182800 0 31250 182800 0 31250 1 0 1 0 0 655500 237648 893148 JOB TRAINING PROGRAM 561000 33228 33228 33228 6299 6299 932675 33228 0 6299 108171 108171 214050 192645 21405 465812 465812 36872 36872 62767 62767 41927 25553 14737 1637 145 145 14831 14831 49483 49390 93 21010 21010 24053 24053 68718 68718 6955 6955 24267 23887 380 24885 24885 4086 4086 WORKFORCE DEVELOPMENT 80674 80674 BAD DEBT 42940 42940 DUES & MEMBERSHIPS 14118 14118 MISCELLANEOUS 9993 2585 7408 17780 10754 7026 1333537 1073230 237172 23135 2004671 1997431 743840 405035 25000 13802 7086 169535 117217 66730 52318 7500 10189 2861543 2472059 18881 30259 18881 30259 X 2098822 2036765 743840 405035 2842662 2441800 2861543 2472059 -400862 0 X X 0 1 X 1 0 X 768857 1520398 1216353 953441 893148 5352197 768857 1520398 1216353 953441 893148 5352197 5352197 12535 11429 9751 8576 6299 48590 5400787 0.99100 0.94560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11638 5431 6207 114370 80351 34019 43527 31435 12092 52318 X 932675 0 932675 0 932675 1333537 0 1333537 0 1333537 PART X, LINE 2: ACCORDING TO GAAP, GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF DECEMBER 31, 2014, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. PART X, LINE 2 THE ORGANIZATION IS ORGANIZED AS A NORTH DAKOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND SECTION 57-38-09 OF THE NORTH DAKOTA CENTURY CODE, RESPECTIVELY. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION HAS BEEN DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. 1 CONCORDIA GLOBAL VACCINE INSTITUTE 901 8TH ST S MOORHEAD MN 56562 410693977 501(C)(3) 14000 SCHOLARSHIPS MINNESOTA STATE UNIVERSITY MOORHEAD 1104 7TH AVE S MOORHEAD MN 56563 411687554 STATE OF MINNESOTA 9500 SCHOLARSHIPS MUNICIPAL AIRPORT AUTHORITY PO BOX 2845 FARGO ND 58108 456002069 CITY OF FARGO 15616 AIR SERVICE GRANT FARGO MOORHEAD AREA FOUNDATION 502 FIRST AVE N SUITE 202 FARGO ND 581024873 456010377 501(C)(3) 12500 GENERAL OPERATING AND PROGRAM SUPPORT EMERGING PRAIRIE 503 7TH ST N SUITE 109 FARGO ND 58102 463567741 12500 GENERAL OPERATING AND PROGRAM SUPPORT IMPACT FOUNDATION 4141 28TH AVE S FARGO ND 58104 200520386 501(C)(3) 5000 GENERAL OPERATING AND PROGRAM SUPPORT CENTER FOR INNOVATION FOUNDATION UNIVERSITY OF NORTH DAKOTA 4200 JAMES RAV DRIVE GRAND FORKS ND 58203 450422671 501(C)(3) 5000 GENERAL OPERATING AND PROGRAM SUPPORT COCO LLC 400 SOUTH 4TH STREET SUITE 401M MINNEAPOLIS MN 55415 450700114 27033 GENERAL OPERATING AND PROGRAM SUPPORT MIDWEST MOBILE 503 7TH ST N SUITE 300 FARGO ND 58102 461756680 5000 GENERAL OPERATING AND PROGRAM SUPPORT 6 2 PART I, LINE 2: THE ORGANIZATIONS THAT RECEIVE GRANTS FROM THE EDC ARE REQUIRED TO REPORT BACK TO THE BOARD OF DIRECTORS ON THE DISTRIBUTION OF GRANT PROCEEDS. THE MINNESOTA STATE UNIVERITY MOORHEAD (MSUM) GRANT PAYMENT WAS FOR SCHOLARSHIP AWARDS. THE PAYMENT WAS MADE DIRECTLY TO MSUM TO ENSURE THE SCHOLARSHIPS WERE USED FOR STUDENT EDUCATION. MSUM REPORTS BACK TO THE EDC REGARDING THE RECIPIENTS OF THE SCHOLARSHIPS. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JAMES P GARTIN PRESIDENT 147425 0 0 0 35375 0 0 0 31250 0 214050 0 0 0 PART I, LINE 1A UPON WRITTEN PROOF OF EXPENSES UNDER AN ACCOUNTABLE PLAN, THE EDC PAID THE CREDIT CARD COMPANY DIRECTLY FOR BUSINESS RELATED EXPENSES FOR JAMES P GARTIN, SUCH AS BUSINESS TRAVEL EXPENSES AND MEETING EXPENSES. THE EDC PAID FOR CLUB FEES FOR JAMES P GARTIN. THE PURPOSE OF THE MEMBERSHIP WAS FOR CLIENT MEETINGS. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS CONSISTS OF 33 MEMBERS, ALL WITH VOTING RIGHTS. THE EXECUTIVE COMMITTEE CONSISTS OF 9 MEMBERS THAT CONSISTS OF MEMBERS OF THE FULL GOVERNING BOARD. THE EXECUTIVE COMMITTEE IS AN OVERSIGHT COMMITTEE FOR MANAGEMENT AND BUSINESS DECISIONS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE AT THEIR MEETING. THE FORM 990 WILL BE ELECTRONICALLY SUBMITTED TO THE GOVERNING BOARD BEFORE FILING FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN THE CONFLICT OF INTEREST STATEMENT AND POLICY ANNUALLY, OF WHICH THEY ARE EXPECTED TO UPHOLD THEIR PLEDGE BY ABIDING BY IT. THE FINANCE/OFFICE MANAGER REVIEWS THE SIGNED DOCUMENTS AND BRINGS UP ANY POSSIBLE CONFLICTS TO THE PRESIDENT. BOARD MEMBERS ARE EXPECTED TO ABSTAIN FROM VOTING ON MATTERS WITH WHICH THEY MAY HAVE A CONFLICT OF INTEREST ISSUE. FORM 990, PART VI, SECTION B, LINE 15A AN ANNUAL REVIEW IS CONDUCTED FOR THE PRESIDENT BY THE EXECUTIVE COMMITTEE. INCREASE IN SALARY IS DETERMINED BY PERFORMANCE, COST OF LIVING RAISES AND ANALYSIS OF SIMILAR POSITIONS IN SIMILAR MARKETS. THE EXECUTIVE COMMITTEE VOTES ON ALL DECISIONS REGARDING THE PRESIDENT'S PERFORMANCE REVIEW AND IS DOCUMENTED IN THE BOARD MINUTES. APPROVAL IS GIVEN AND CONFIRMED TO THE ACCOUNTANT FOR ANY PAYROLL CHANGES. THERE ARE NO OTHER KEY EMPLOYEES OR OFFICERS OF THE ORGANIZATION. IN REGARDS TO THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, THE EXECUTIVE COMMITTEE DOES NOT DELIBERATE OVER OTHER EMPLOYEE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST PART XII, LINE 2C THE ORGANIZATION'S BOARD TAKES RESPONSIBILITY OVER THE FINANCIAL STATEMENTS.