Fm Athletics Inc
- Assets
- $477.8k
- Revenue
- $407.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Fargo, ND
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 23-7189641
Organization Overview
Fm Athletics Inc is located in Fargo, ND. The organization was established in 2017. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, FM Athletics Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. FM Athletics Inc 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 12/2023, FM Athletics Inc generated $407.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $357.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YOUTH ATHLETIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FM ATHLETICS, INC., WAS FORMED IN 1972 TO HELP PROMOTE YOUTH FOOTBALL IN THE FARGO-MOORHEAD AREA. WE ARE PROUD TO HAVE COMPLETED OUR 51ST SEASON IN 2023. THE LEAGUE HAD OVER 1,400 PARTICIPANTS REGISTERED, PLAYING ON 56 DIFFERENT TEAMS. THE ORGANIZATION IS A NON-PROFIT CORPORATION AND ALL BOARD MEMBERS ARE VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Otto Ferrie President | OfficerTrustee | 5 | $0 |
Casey Mittag Vice President | OfficerTrustee | 5 | $0 |
Steve Ingersoll Treasurer | OfficerTrustee | 5 | $0 |
Kristi Kellen Secretary | OfficerTrustee | 5 | $0 |
Tim Orness Director | Trustee | 1 | $0 |
Daniel Gunderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,894 |
| Total Program Service Revenue | $385,868 |
| Investment income | $312 |
| 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 | $1,249 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $407,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,917 |
| Compensation of current officers, directors, key employees. | $11,222 |
| Compensation to disqualified persons | $63,550 |
| Other salaries and wages | $7,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,208 |
| Advertising and promotion | $10,705 |
| Office expenses | $7,212 |
| Information technology | $2,324 |
| Royalties | $0 |
| Occupancy | $18,492 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,559 |
| All other expenses | $1,594 |
| Total functional expenses | $357,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $185,718 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $477,787 |
| Accounts payable and accrued expenses | $111 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $111 |
| Net assets without donor restrictions | $477,676 |
| Net assets with donor restrictions | $0 |
| 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 | $477,787 |