Emerging Prairie
- Assets
- $1.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Fargo, ND
- Founding
- 03/2016
- Data as of
- 12/2022
- 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 12/2022, Emerging Prairie employed 23 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 12/2022, Emerging Prairie generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 21.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING AND CELEBRATING THE ENTREPRENEURIAL ECOSYSTEM IN FARGO-MOORHEAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAIRIE CAPITAL SUMMIT : 85 ENTREPRENEURS AND 38 INVESTORSPRAIRIE CAPITAL SUMMIT WAS CREATED AS A WAY TO BRING TOGETHER ENTREPRENEURS, INVESTORS, AND COMMUNITY BUILDERS TO SPARK DISCUSSIONS AROUND PRIVATE CAPITAL IN THE MIDWEST.TEDX: 620 ATTENDEESTEDX IS A PROGRAM OF LOCAL, SELF-ORGANIZED EVENTS THAT BRING PEOPLE TOGETHER TO SHARE A TED-LIKEEXPERIENCE. OUR EVENT IS CALLED TEDXFARGO, WHERE X = INDEPENDENTLY ORGANIZED TED EVENT. THE EVENT IS A GIFT TO THE COMMUNITY, MADE POSSIBLE BY GENEROUS SPONSORS AND VOLUNTEERS ALONG WITH HUNDREDS OF INDIVIDUALS DEDICATED TO MAKING THE COMMUNITY A BETTER PLACE.AUTONOMOUS NATION: 230 ATTENDEESCONNECT THE AUTONOMOUS INDUSTRY WITH POLICYMAKERS AT THE FOREFRONT OF THE AUTONOMOUS REVOLUTION.CULTIVATE: 270 ATTENDEESBRINGS TOGETHER A DIVERSE COMMUNITY OF EXPERTS, THOUGHT LEADERS, ENTREPRENEURS, AND GROWERS TO SHARE THEIR KNOWLEDGE AND EXPERIENCES, AND EXPLORE THE EXCITING POSSIBILITIES OF TECHNOLOGY IN AGRICULTURE.FOUNDERS RETREAT: 26 FOUNDERSCHANCE FOR FOUNDERS TO CONNECT WITH OTHER FOUNDERS IN A SPACE OUTSIDE OF THE OFFICE.
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.16 TOTAL GRADUATES IN 202294% - STUDENT GRADUATION RATE81% - JOB PLACEMENT WITHIN 6 MONTHS OF GRADUATING
PRAIRIE DEN CO-WORKING AND EVENTS SPACE:COWORKING SPACE DISCONTINUED IN JUNE 2022; 3 ORGANIZATIONS CONTINUED DESIGNATED PRIVATE OFFICE SPACE. (50 SOUTH CAPITAL, BREMER BANK, & BOSON MOTORS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauris Molbert Board Chair | OfficerTrustee | 40 | $0 |
Jane Schuh Board Member | Trustee | 1 | $0 |
Kodee Furst Board Member | OfficerTrustee | 1 | $0 |
Jake Joraanstad Board Member | Trustee | 1 | $0 |
Patrick Chaffee Board Member | Trustee | 1 | $0 |
Kirk Anton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $570,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $749,607 |
| Total Program Service Revenue | $1,072,254 |
| Investment income | $85 |
| 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 | $1,996,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $187,849 |
| Compensation of current officers, directors, key employees. | $20,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,203,467 |
| Pension plan accruals and contributions | $90,442 |
| Other employee benefits | $74,653 |
| Payroll taxes | $144,399 |
| 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 | $140,979 |
| Advertising and promotion | $89,130 |
| Office expenses | $150,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,202 |
| Travel | $52,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $255,284 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,722 |
| Insurance | $9,875 |
| All other expenses | $58,550 |
| Total functional expenses | $2,653,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,620 |
| 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 | $0 |
| Net Land, buildings, and equipment | $621,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,558 |
| Total assets | $1,102,894 |
| Accounts payable and accrued expenses | $418,594 |
| Grants payable | $0 |
| Deferred revenue | $104,000 |
| 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 | $167,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $406,402 |
| Total liabilities | $1,096,179 |
| Net assets without donor restrictions | -$169,926 |
| Net assets with donor restrictions | $176,641 |
| 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 | $1,102,894 |