Fargo-Moorhead Area Foundation Corporation

Organization Overview

Fargo-Moorhead Area Foundation Corporation is located in Fargo, ND. The organization was established in 1960. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Fargo-Moorhead Area Foundation Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo-Moorhead Area Foundation Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Fargo-Moorhead Area Foundation Corporation generated $30.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $13.1m during the year ending 12/2021. While expenses have increased by 22.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Fargo-Moorhead Area Foundation Corporation has awarded 946 individual grants totaling $29,831,415. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE HELP DONORS MAXIMIZE THEIR PHILANTHROPY TO CREATE A VIBRANT COMMUNITY FULL OF OPPORTUNITIES FOR EVERYONE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION IS A COMMUNITY TRUST THAT ADMINISTERS OVER 400 CHARITABLE FUNDS. THESE FUNDS ARE CREATED BY CONTRIBUTIONS FROM THE GENERAL PUBLIC. GRANTS WERE AWARDED IN PROGRAMS IN THE FOLLOWING AREAS: COMMUNITY BUILDING - 7.18%; BASIC HUMAN NEEDS - 23.72%; ART - 2.21%; EDUCATION - 34.65%; YOUTH - 4.45%; RESEARCH - 17.35%; RELIGION - 3.84%; HEALTH & WELLNESS - 2.55%; ENVIRONMENT 0.97%; DISASTER & RECOVERY - 0.04%; BIPOC - 1.35%; ANIMAL WELFARE - 1.51%; UNRESTRICTED - 0.11%; OTHER - 0.07%. THESE GRANTS AND SCHOLARSHIPS WERE MADE POSSIBLE FROM THE FOLLOWING TYPES OF FUNDS: DONOR ADVISED - 82.7%, DESIGNATED - 5.5%, FIELD OF INTEREST - 3.8%, AGENCY - 1.0%, SCHOLARSHIP - 2.5%, AND UNRESTRICTED - 4.5%.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Wilkie
Executive Director
$172,487
April Walker
Vice Chair
$0
Toni Sandin
Secretary
$0
Gary Nolte
Treasurer
$0
Don Haugen
Immediate Past Chair
$0
Louise Dardis
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $100,000
All other contributions, gifts, grants, and similar amounts not included above$17,715,546
Noncash contributions included in lines 1a–1f $2,083,275
Total Revenue from Contributions, Gifts, Grants & Similar$17,815,546
Total Program Service Revenue$0
Investment income $2,067,726
Tax Exempt Bond Proceeds $0
Royalties $183,190
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,958,573
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,025,035

Grants Awarded

Over the last fiscal year, Fargo-Moorhead Area Foundation Corporation has awarded $10,594,702 in support to 175 organizations.

Grant RecipientAmount

ANNE CARLSEN CENTER - JAMESTOWN

Org PageRecipient Profile

Jamestown, ND

PURPOSE: GENERAL SUPPORT

$2,015,120

GRAYSON-JOCKEY CLUB RESEARCH FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: EQUINE HERPES VIRUS VACCINE RESEARCH

$2,000,000

THEODORE ROOSEVELT PRESIDENTIAL LIBRARY

Org PageRecipient Profile

Medora, ND

PURPOSE: GENERAL SUPPORT

$1,500,000

FARGO-MOORHEAD SCIENCE MUSEUM

Org PageRecipient Profile

Fargo, ND

PURPOSE: GENERAL SUPPORT

$1,000,000

UNIVERSITY OF MARY - BISMARCK

PURPOSE: GENERAL SUPPORT

$305,000

FM ROTARY FOUNDATION

Org PageRecipient Profile

Fargo, ND

PURPOSE: $250000.00-NATURAL PLAYGROUND-MOORHEAD $150.00-GUATEMALA BOOK PROJECT

$250,150
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Fargo-Moorhead Area Foundation Corporation has recieved totaling $77,250.

Awarding OrganizationAmount
The Funders Network Inc

Coral Gables, FL

PURPOSE: PPREP

$77,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$101,959,021
Earnings$12,798,486
Admin Expense$525,416
Net Contributions$17,049,005
Other Expense$176,131
Grants$11,913,699
Ending Balance$119,191,266

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