Fargo Marathon Inc
- Assets
- $47.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Fargo, ND
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 43-2043293
Organization Overview
Fargo Marathon Inc is located in West Fargo, ND. The organization was established in 2005. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Marathon 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 12/2021, Fargo Marathon Inc generated $64.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $68.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FARGO MARATHON, INC. IS NORTH DAKOTA NONPROFIT ORGANIZATION. THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE HEALTHY AND ACTIVE LIFESTYLES FOR PEOPLE OF ALL AGES. THE ORGANIZATION'S LARGEST CHARITABLE EFFORT IS ITS "SHOES FOR KIDS" PROGRAM. FARGO MARATHON, INC. RECEIVES MONIES FROM ONLINE DONATIONS AND VENTURES ENDURANCE, LLC TO PURCHASE SHOES FOR NEEDY CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Ivesdal President | 1 | $0 | |
Mark Knutson Vp/secretary/executive Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,513 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $5,000 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,513 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $764 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $126 |
| Other expenses | $17,126 |
| Total expenses | $68,466 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,336 |
| Other assets | $0 |
| Total assets | $47,460 |
| Total liabilities | $5,000 |
| Net assets or fund balances | $42,460 |
Grants Awarded
Over the last fiscal year, Fargo Marathon Inc has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF CASS CLAY PURPOSE: General Operations | $5,000 |
ESSENTIA HEALTH PURPOSE: General Operations | $6,000 |