Community Improvement & Capacity Building
5 3 Fund
FARGO, ND
Total revenue
$500K
Total expenses
$513K
Net assets
—
Grants received
—
EIN
921425437
Tax year
2023
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.
Programs
2 programs
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.
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.
Financials
FY 2023
Revenue
Expenses
People
4 listed
Nicholas J Edwards
Executive Director
$209K
40 hrs/wk
Jeff McDermott
Member
—
25 hrs/wk
Elizabeth Durand
Director
—
40 hrs/wk
Vanessa Heil
SecretaryTreasurer
—
5 hrs/wk