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Chamber Foundation

Tax-deductible

Fargo, ND501(c)(3)Community Development EIN 81-5479845Revenue $870K in FY2024

On file with the IRSfmwfchamber.com/chamber-foundation3312 42nd St, 58104-7084 · Fargo, NDTax-exempt since Apr 2018Publicly supported charity — 170(b)(1)(A)(vi)

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The Chamber Foundation provides diverse strategies to enhance the fargo moorhead west fargo region through the education, retention, expansion and attraction of the workforce population, while taking actions to cultivate a positive business climate to climate to improve the quality of life for area residents.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $52K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$536K
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$870K
-68% vs prior year
Spent
$961K
To programs
83%
Net assets
$289K
By yearFY2022–FY2024
Revenue
$870K
FY2024▼ -68%
Tap a bar for its year
Revenue by fiscal year
FY2022$540K
FY2023$1.4M
FY2024$2.7M
FY2024$870K
Expenses
$961K
FY2024▼ -67%
Tap a bar for its year
Expenses by fiscal year
FY2022$458K
FY2023$1.2M
FY2024$2.9M
FY2024$961K
Net assets
$289K
FY2024▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2022$307K
FY2023$557K
FY2024$381K
FY2024$289K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $798K Management & general 17% · $163K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Tami Norgard
Director
$0Pt VII · Sec A
Chad Flanagan
Treasurer
$0Pt VII · Sec A
Shannon Full
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Matthys
Director
$0Pt VII · Sec A
Kristi Huber
Vice Chair
$0Pt VII · Sec A
Nicole Meland
Vice President
$0Pt VII · Sec A
Jane Vangsness Frisch
VP of Workforce
$0Pt VII · Sec A
See Chamber Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enhances regional quality of life by growing the workforce and fostering a positive business climate.

Questions for Chamber Foundation

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Your first name shows with your question. Chamber Foundation answers here, for everyone.

Provided by the organization

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1 program · $798K · in their own filed words · FY2024
01

The chamber foundation's ignite initiative is our region's driving force in building a resilient and inclusive workforce. Attracting exceptional talent, fostering seamless acclimation, nurturing continuous development and ensuring steadfast retention are the pillars that lead to workforce growth and prosperity.

$798Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Columbia Basin FoundationFY2023$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 11 grants · $768K · 2022–2024
Emerging PrairieND · FY2024$63,933
North Dakota State College of ScienceND · FY2024$35,671
Grand Farm Research and Education Initiative INCND · FY2024$17,811
Folkways Community Development CorporationFY2023$206,216
Emerging PrairieND · FY2023$147,647
University of MaryND · FY2023$89,980
Grand Farm Research and Education Initiative INCND · FY2023$60,496
Folkways Community Development CorporationFY2022$63,739
Emerging PrairieND · FY2022$50,086
Grand Farm Research and Education Initiative INCND · FY2022$26,156
Minnesota State Colleges and UniversitiesFY2022$6,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$870K
Ln 12
Gifts and grantsLn 1h$869K
Investment incomeLn 3$454
Other incomeLn 4–11$296
Money outPt IX
$961K
Ln 25
Programscol B$798K
Managementcol C$163K
Owns and owesPt X
$289K
net assets · Ln 32
Cash and savingsLn 1–2$493K
Total assetsLn 16$825K
LiabilitiesLn 26$536K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$869K
Government grantsLn 1e$825K
Investment incomeLn 3$454
Other incomeLn 4–11$296
Total revenueLn 12$870K
Assets in detailPt X, end of year
CashLn 1$70K
SavingsLn 2$424K
Cash and savings togetherLn 1–2$493K
Other assetsLn 15$3K
Total assetsLn 16$825K
LiabilitiesLn 26$536K
Net assetsLn 32$289K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$427K$493K
Total assetsLn 16$1.4M$825K
LiabilitiesLn 26$1.0M$536K
Net assetsLn 32$381K$289K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$123K$123K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$145K$120K$25K
Information technologyLn 14$108K$42K$66K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$562K$510K$52K
All other expensesLn 24e$8K$796$8K
Total functional expensesLn 25$961K$798K$163K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.7M$2.9M−$176K$381K 990 PDF
FY2023 $1.4M$1.2M$250K$557K 990 PDF
FY2022 $540K$458K$82K$307K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $869,698 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,731,431$868,948
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,510$454
I-11 Other revenuePrior year $0$296
I-12 Total revenuePrior year $2,732,941$869,698
I-13 Grants and similar amounts paidPrior year $616,137$123,402
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,292,992$837,555
I-18 Total expensesPrior year $2,909,129$960,957
I-19 Revenue less expensesPrior year −$176,188−$91,259
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $869,698 across 6 lines filed
VIII-1e Government grants$824,648
VIII-1f All other contributions, gifts and grants$44,300
VIII-1h Total contributions, gifts and grants$868,948
VIII-3 Investment incomeExcluded from tax $454$454
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $296$296
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $750$869,698
Part IX · Statement of functional expenses $960,957 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $123,402$123,402
IX-11c Accounting feesManagement $12,027$12,027
IX-12 Advertising and promotionPrograms $119,889 · Management $25,041$144,930
IX-14 Information technologyPrograms $41,642 · Management $66,166$107,808
IX-17 TravelPrograms $2,492$2,492
IX-24 Other expenses (24a–d)Programs $510,206 · Management $51,655$561,861
IX-24e All other expensesPrograms $796 · Management $7,641$8,437
IX-25 Total functional expensesPrograms $798,427 · Management $162,530 · Fundraising $0$960,957
Part X · Balance sheet $824,907 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $69,063$69,516
X-2 Savings and temporary cash investmentsStart of year $358,198$423,949
X-3 Pledges and grants receivableStart of year $729,964$328,060
X-15 Other assetsStart of year $248,185$3,382
X-16 Total assetsStart of year $1,405,410$824,907
X-17 Accounts payable and accrued expensesStart of year $135,273$242,858
X-18 Grants payableStart of year $204,251$205,771
X-25 Other liabilitiesStart of year $685,309$86,960
X-26 Total liabilitiesStart of year $1,024,833$535,589
X-27 Net assets without donor restrictionsStart of year $380,577$289,318
X-32 Total net assets or fund balancesStart of year $380,577$289,318
X-33 Total liabilities and net assetsStart of year $1,405,410$824,907
Part XI · Reconciliation of net assets $289,318 net assets at year end
XI-1 Total revenue$869,698
XI-2 Total expenses$960,957
XI-3 Revenue less expenses−$91,259
XI-4 Net assets at start of year$380,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$289,318

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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