GROWTH INITIATIVE FUND
51 BROADWAY SUITE 500, FARGO, ND 58102

Total Revenue
$61,356
Total Expenses
$32,705
Net Assets
$8,406,726

Organizations Filed Purposes: TO PROMOTE ECONOMIC DEVELOPMENT IN CASS COUNTY, NORTH DAKOTA. THE CORPORATION SHALL EXIST TO CREATE AND MANAGE FINANCIAL PROGRAMS TO ENCOURAGE PRIMARY SECTOR JOB CREATION IN CASS COUNTY.

TO PROVIDE SUPPORT TO EXISTING AND NEW BUSINESSES IN THE COUNTY.

THE PURPOSE OF GROWTH INITIATIVE FUND, INC. (FUND) SHALL BE TO PROMOTE ECONOMIC DEVELOPMENT IN CASS COUNTY, NORTH DAKOTA. THE ORGANIZATION PROVIDES INCENTIVE LOANS TO EXISTING AND OUT-OF-STATE CLENTS LOOKING TO EXPAND OPERATIONS IN CASS COUNTY, ND AREA TO CREATE EMPLOYMENT WITHIN THE COUNTY. THE FUND IS SET UP FOR LOCAL GOVERNMENTS IN ORDER TO BRING PROFESSIONAL ASSISTANCE AND SUPPORT FROM THE PRIVATE SECTOR AND LESSEN THE BURDENS OF GOVERNMENT. THE FUND IS CURRENTLY SERVICING 79 PACE LOANS AND 3 FUNDING PARTNER LOANS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Shelly KegleySECRETARY0.5$0
Chad SapaVICE CHAIR0.5$0
Josh TeigenDIRECTOR0.5$0
F John WilliamsTREASURER0.5$0
Greg MastrudCHAIR0.5$0
Bernie SinnerDIRECTOR0.5$0
James BurgumDIRECTOR0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202101449349301020_public.xml