EIN 45-6010377

Fargo-Moorhead Area Foundation Corporation

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Year formed
1960
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Fargo-Moorhead Area Foundation Corporation maximizes philanthropy to create a vibrant community, administering over 400 charitable funds created by contributions from the public. The Foundation awards grants in various areas, including community building and basic human needs.
Total revenues
$5,201,937
2022
Total expenses
$11,250,336
2022
Total assets
$98,404,628
2022
Num. employees
8
2022

Program areas at Fargo-Moorhead Area Foundation Corporation

The Foundation is a community trust that administers 492 charitable funds. These funds are created by contributions from the general public. Grants were awarded in programs in the following areas: community building - 30.40%; basic human needs - 7.20%; art - 5.20%; education - 28.00%; youth - 2.70%; religion - 3.60%; health & wellness - 16.30%; animal welfare - 2.10%; other - 4.50%. These grants and scholarships were made possible from the following types of funds: donor advised - 48.50%, designated - 28.30%, field of interest - 7.0%, agency - 1.3%, scholarship - 9.3%, and unrestricted - 5.6%.

Grants made by Fargo-Moorhead Area Foundation Corporation

GranteeGrant descriptionAmount
Capstone Classical AcademyGeneral Support$2,000,000
Theodore Roosevelt Presidential Library FoundationGeneral Support$1,500,000
Anne Carlsen CenterGeneral Support$1,000,000
...and 146 more grants made totalling $8,226,016

Who funds Fargo-Moorhead Area Foundation Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Funders NetworkPprep$22,250
Nada FoundationGeneral Support$6,000

Personnel at Fargo-Moorhead Area Foundation Corporation

NameTitleCompensation
Patty MastelDirector of Finance and Operations and Chief Financial Officer
Eric WilkieExecutive Director$177,401
Patricia MastelDirector of Finance$93,604
Courtney LarsonCommunications and Marketing Director / Communications and Marketing Officer
Greg Diehl, Cap(r)Director of Gift Planning and Donor Services
...and 11 more key personnel

Financials for Fargo-Moorhead Area Foundation Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,742,304
Program services$0
Investment income and dividends$2,461,166
Tax-exempt bond proceeds$0
Royalty revenue$320,933
Net rental income$0
Net gain from sale of non-inventory assets$-1,322,466
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,201,937

Form 990s for Fargo-Moorhead Area Foundation Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-23990View PDF
2021-122022-11-02990View PDF
2020-122021-11-05990View PDF
2019-122021-02-24990View PDF
2018-122019-12-27990View PDF
...and 10 more Form 990s
Data update history
October 15, 2023
Updated personnel
Identified 1 new personnel
October 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
May 20, 2023
Received grants
Identified 1 new grant, including a grant for $77,250 from The Funders Network
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsState / local levelEndowed supportProvides scholarshipsTax deductible donations
General information
Address
409 7th St S
Fargo, ND 58103
Metro area
Fargo, ND-MN
County
Cass County, ND
Website URL
areafoundation.org/ 
Phone
(701) 234-0756
IRS details
EIN
45-6010377
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1960
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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