Emerging Prairie
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 26
- Location
- Fargo, ND
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 81-0742137
Organization Overview
Emerging Prairie is located in Fargo, ND. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Emerging Prairie employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerging Prairie 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, Emerging Prairie generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING AND CELEBRATING THE ENTREPRENEURIAL ECOSYSEM IN FARGO-MOORHEAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 EMERGING PRAIRIE HOSTED EVENTS AND PROVIDED OFFICE SPACES IN THE FARGO MOORHEAD AREA TO PROMOTE THE GROWTH OF LOCAL ENTREPRENEURS AND TO ATTRACT NEW BUSINESS TO THE REGION.1 MILLION CUPS FARGO:A FREE, NATIONAL PROGRAM DESIGNED TO EDUCATE, ENGAGE, AND CONNECT ENTREPRENEURS. DEVELOPED BY THE KAUFFMAN FOUNDATION, THE PROGRAM IS BASED ON THE NOTION THAT MEANINGFUL CONNECTIONS ARE MADE OVER ONE MILLION CUPS OF COFFEE. WITH OVER 160 COMMUNITIES THAT MET AROUND THE NATION, 1 MILLION CUPS FARGO IS THE LARGEST 1 MILLION CUPS EVENT.58 ENTREPRENEURS SHARED THEIR STORIES THROUGHOUT THE YEAR38 TOTAL NUMBER OF EVENTS FOR THE YEAR75 AVERAGE NUMBER OF COMMUNITY MEMBERS EACH WEEK7,961 TOTAL NUMBER OF ATTENDEES THROUGHOUT THE YEAR (IN-PERSON + VIRTUAL)8 START UP13 SPONSORS OF THE EVENT22 ARTISTS/PERFORMERS MADE AN APPEARANCE AT OUR EVENTS5 VENUES USED THROUGHOUT THE YEARENTREPRENEURIAL COHORTS:A COHORT PROGRAM DESIGNED TO CATER TO STARTUPS, DESIGNED BY EMERGING PRAIRIE. EACH COHORT OF ENTREPRENEURS PARTICIPATES IN WEEKLY PROGRAMMING FOR NEARLY 3 MONTHS CENTERED AROUND THE CO.STARTERS PLATFORM. THE PROGRAM IS DESIGNED FOR UNDER-SUPPORTED ENTREPRENEURIAL COMMUNITIES. IN 2021, WE HOSTED A NEW AMERICAN COHORT, SOCIAL ENTREPRENEUR COHORT, AND WOMEN ENTREPRENEUR COHORT. 5 TOTAL COHORTS RAN IN 202150 TOTAL COHORT MEMBERS3 DIFFERENT STATES REPRESENTED WITHIN OUR COHORTS (ND, MN, SD)FOUNDERS TOWN HALL:EMERGING PRAIRIE HOSTED UNITED STATES CONGRESSWOMAN KELLY ARMSTRONG (ND) AND UNITED STATES CONGRESSMAN DUSTY JOHNSON (SD) FOR AN ONLINE TOWN HALL. FOUNDERS WERE ABLE TO HEAR UPDATES ABOUT THE STATE OF BUSINESS IN OUR REGION AND HAD THE OPPORTUNITY TO ASK THE SENATORS QUESTIONS.225 TOTAL ENTREPRENEURS IN ATTENDANCEPRAIRIE CAPITAL SUMMIT:A CONFERENCE DEDICATED TO INTIMATELY CONNECTING ENTREPRENEURS, INVESTORS, AND RESOURCE PARTNERS IN ORDER TO CREATE A SPACE FOR DISCUSSIONS AROUND TO CAPITAL IN ND.90 TOTAL ENTREPRENEURS AND INVESTORS IN ATTENDANCE
EMERGING DIGITAL ACADEMYNORTH DAKOTA'S FIRST (AND ONLY) IMMERSIVE CODING BOOTCAMP ACCELERATING THE TECHNOLOGY COMMUNITY. THIS 20-WEEK PROGRAM IS DESIGNED TO UPSKILL THE WORKFORE AND PREPARE PEOPLE FOR A FULL-TIME POSITION IN SOFTWARE ENGINEERING.13 TOTAL GRADUATES IN 202190% - STUDENT GRADUATION RATE90% - JOB PLACEMENT RATE IN THE FIRST 2-MONTHSAVERAGE SALARY DOUBLES FOR A STUDENT THAT COMPLETES OUR PROGRAM AND SECURES A JOB
PRAIRIE DEN CO-WORKING AND EVENTS SPACE:THE PRAIRIE DEN IS A CO-WORKING SPACE THAT WAS FOUNDED BY EMERGING PRAIRIE IN 2015. IT IS HOME TO ENTREPRENEURS, CREATIVES, NON-PROFITS, CORPORATE EMPLOYEES, AND OTHERS SEEKING A UNIQUE AND INSPIRING WORK ENVIRONMENT IN DOWNTOWN FARGO.17 NEW MEMBERS IN 202146 TOTAL ACTIVE MEMBERS5 ORGANIZATIONS WITH DEDICATED SPACE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Tehven Chief Executive Officer | Officer | 40 | $162,795 |
Lauris Molbert Board Chair | OfficerTrustee | 40 | $0 |
Jane Schuh Board Treasurer | OfficerTrustee | 1 | $0 |
Kodee Furst Board Secretary | OfficerTrustee | 1 | $0 |
Allison Barmann Board Vice Chair | OfficerTrustee | 1 | $0 |
Patrick Chaffee Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,099 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $183,392 |
| All other contributions, gifts, grants, and similar amounts not included above | $684,891 |
| Noncash contributions included in lines 1a–1f | $13,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $910,382 |
| Total Program Service Revenue | $471,476 |
| Investment income | $222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,382,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $125,591 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,936 |
| Compensation of current officers, directors, key employees. | $14,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,071,276 |
| Pension plan accruals and contributions | $115,009 |
| Other employee benefits | $60,194 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,674 |
| Advertising and promotion | $77,883 |
| Office expenses | $49,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,321 |
| Travel | $21,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,231 |
| Interest | $5,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,136 |
| Insurance | $7,875 |
| All other expenses | $0 |
| Total functional expenses | $2,236,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,652 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,591 |
| Net Land, buildings, and equipment | $453,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,252,984 |
| Accounts payable and accrued expenses | $119,378 |
| Grants payable | $0 |
| Deferred revenue | $53,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $364,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,275 |
| Total liabilities | $547,475 |
| Net assets without donor restrictions | $592,575 |
| Net assets with donor restrictions | $112,934 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,252,984 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Emerging Prairie has recieved totaling $305,003.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $160,003 |
Bush Foundation St Paul, MN PURPOSE: THIS ECOSYSTEM GRANT PROVIDES GENERAL OPERATING SUPPORT FOR EMERGING PRAIRIE TO HELP ADVANCE ITS CHARITABLE MISSION | $100,000 |
Offutt Family Foundation Fargo, ND PURPOSE: ENTREPRENEURSHIP | $25,000 |
Bush Foundation St Paul, MN PURPOSE: SPONSORSHIP OF TEDXFARGO, AN EVENT FILLED WITH SPEAKERS, PERFORMANCES, AND ADVENTURES AROUND FARGO; 1 MILLION CUPS FARGO, A FREE WEEKLY, NATIONAL PROGRAM TO EDUCATE, ENGAGE, AND CONNECT ENTREPRENEURS; AUTONOMOUS NATION, A CONFERENCE BRINGING TOGETHER PROFESSIONALS, ENTHUSIASTS, GOVERNMENT OFFICIALS, AND LEADERS IN THE UNMANNED SYSTEMS INDUSTRY; AND CULTIVATE, A CONFERENCE FOR FARMERS AND TECHNOLOGY COMPANIES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
South Segment Community Development Corporation Halliday, ND | $18,333,660 | $2,595,332 |
Fargo Moorhead Convention & Visitors Bureau Inc Fargo, ND | $3,704,311 | $2,547,498 |