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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 92-1425437

5 3 FUND

Tax-exempt · FARGO, ND 58103

Financials

$500K$513K2023
Revenue Expenses · by fiscal year end
Financials of 5 3 FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$499,889$513,220-$13,331$22,031$35,362-$13,331
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$249,788
Program service revenue
$250,000
Investment income
$101
Other revenue
$0

Expenses

Grants and similar amounts paid
$100,000
Compensation of officers, directors and key employees
$208,504
Other salaries and wages
$32,500
Salaries, compensation and benefits (total)
$246,180
Professional fundraising fees
$0
Legal fees
$36,790
Accounting fees
$34,490
Program services (functional)
$136,500
Management and general (functional)
$346,474
Fundraising (functional)
$30,246

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$22,031
Total liabilities, end of year
$35,362
Net assets, end of year
-$13,331
Gross receipts
$499,889
Employees
1
Volunteers
3
Year formed
2023
State of legal domicile
ND

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Nicholas J EdwardsExecutive Director
Officer, Key employee, Highest-paid employee
40$208,504
Jeff McDermottMember
Trustee or director
25$0
Elizabeth DurandDirector
Trustee or director
40$0
Vanessa HeilSecretaryTreasurer
Officer
5$0

Address and contacts

Address (IRS master file)
19 8TH ST S PMB 432, FARGO, ND 58103-1804
Signed the 990
Nicholas J Edwards, Executive Direc
Return prepared by
T S Allen & Associates

Mission

As a startup incubator and idea validation organization, we provide grant money that helps under-resourced entrepreneurs in our five-state region, helping them position themselves to confidently enter the startup ecosystem.

990 for the year ended December 31, 2023

Program accomplishments

  • We made grants and formed a company called Loop, an in home delivery mechanism for rural and upper midwest communities connecting physical therapists to patient virtually and in home. We added jobs, company growth and fostered early stage entrepreneurs in furtherance of our mission to serve the region.
    Expenses $100,000 · grants $100,000
  • This year we mentored, placed, and internally incubated early-stage companies providing grants and coaching to our region. Founders came to us with ideas and just under a dozen companies were mentored and/or taken through our studio cohort process. Of the founders in our underserved region, we deployed into founders who had the idea to increase the investment landscape for the region. Once of which was the launch of The Peoples First Company, a first of its kind investment firm to draw more non accredited investors in our region into real estate.
    Expenses $36,500 · revenue $250,000
  • We continued forming Myo Impact Company as a holding company for medical entities striving to bring value based care to more rural centric communities or those communities without access.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-1425437
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$22,031
Income (IRS master file)
$499,889

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$499,889$513,220$22,031XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-1425437).

Questions about 5 3 FUND

What is the EIN of 5 3 FUND?
The employer identification number (EIN) of 5 3 FUND is 92-1425437.
Is 5 3 FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to 5 3 FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 5 3 FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of 5 3 FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 5 3 FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who are the officers and directors of 5 3 FUND?
The 990 for the year ended December 31, 2023 lists 4 people; 1 received compensation from the organization, the highest $208,504 (Nicholas J Edwards, Executive Director).
How much revenue does 5 3 FUND have?
On its 990 for the year ended December 31, 2023 it reported revenue of $499,889, expenses of $513,220 and total assets of $22,031 at year end.

Other nonprofits in FARGO

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