Mission
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.
Public Charity
GROWTH INITIATIVE FUND
GROWTH INITIATIVE FUND, of FARGO, ND, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $84K in revenue, $50K in expenses, $9.1M in total assets. IRS filings disclose 3 grants awarded by this foundation, totaling roughly $30K.
EIN: 450431077
FARGO, ND
Business & Industry
NTEE: S40
Latest filing: 2025
Total Revenue$84K
Total Expenses$50K
Total Assets$9.1M
Grants Given3
Grant Total$30K
Filing Years2021–2025
Where $100 goes at Growth Initiative Fund
How Growth Initiative Fund divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$58
Programs
the work itself
$42
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $58 for programs
$58
The purpose of Growth Initiative Fund, inc
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
TO SUPPORT SMALL BUSINESS DEVELOPMENT CENTER STAFF PERSON IN FARGO.
$10,000
TO SUPPORT SMALL BUSINESS DEVELOPMENT CENTER STAFF PERSON IN FARGO.
$10,000
TO SUPPORT SMALL BUSINESS DEVELOPMENT CENTER STAFF PERSON IN FARGO.
$10,000
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
DIRECTOR
Hari Panjini
SECRETARY
Jim Hambrick
DIRECTOR
Josh Teigen
VICE CHAIR
Julie Whitney
TREASURER
Mark Voigt
CHAIR
Steve Dusek
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $84K | $50K | $9.1M |
| 2024 | $735K | $67K | $9.1M |
| 2023 | $73K | $59K | $8.4M |
| 2022 | $41K | $72K | $8.4M |
| 2021 | $50K | $34K | $8.4M |
Between 2021 and 2025, reported annual revenue grew from $50K to $84K (+69%), with total assets most recently reported at $9.1M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in ND.
ND
Full geographic grant map with state-by-state breakdown available with membership.