Wf Events Llc
- Assets
- $1.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 194
- Location
- West Fargo, ND
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 81-2749544
Organization Overview
Wf Events Llc is located in West Fargo, ND. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Wf Events Llc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wf Events Llc 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, Wf Events Llc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 66.3% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 70.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 CREATE AND PROMOTE EVENTS FOR THE SURROUNDING COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES AND ASSISTS IN THE MANAGEMENT OF THE WEST FARGO SPORTS ARENA. WFE RENTS OUT FACILITY SPACE TO TEAMS AND GROUPS WITHIN THE WEST FARGO AND SURROUNDING COMMUNITIES ON BEHALF OF OUR SCHOOL DISTRICT.
THE ORGANIZATION ASSISTS IN MANAGEMENT AND UPKEEP AND ALSO SUBSIDIZES THE PLAZA 32 PARKING GARAGE NEAR THE SHEYENNE 32 PLAZA, TO PROVIDE PARKING FOR COMMUNITY EVENTS THAT ARE ORGANIZED, AND PROMOTED BY WEST FARGO EVENTS.
STAGE WEST IS A COMMUNITY THEATRE PROJECT BEGAN BY WEST FARGO EVENTS IN SUMMER 2021. WE GIVE LOCAL ARTISTS AN OPPORTUNITY TO PERFORM, AND OUR COMMUNITY HAS A CHANCE TO ENGAGE IN ENTERTAINMENT AND HANDS ON ACTIVITY SURROUNDING THE ARTS AND CULTURE SCENE. THESE EVENTS TAKE PLACE AT LOCATIONS ALL OVER OUR COMMUNITY.
THE ORGANIZATION CREATES, ORGANIZES, PROMOTES, AND IMPLEMENTS PUBLIC EVENTS FOR ALL AGES IN THE SURROUNDING COMMUNITIES OF WEST FARGO. THE ORGANIZATION UTILIZES 2 DIFFERENT CITY OWNED PLAZAS. EXAMPLES OF EVENTS INCLUDE CRUISE NIGHT, SUMMER CONCERT SERIES, MOVIE NIGHTS AND TREAT STREET (HALLOWEEN EVENT). IN ADDITION, THE ORGANIZATION PROMOTES, AND PLANS THE CITY OF WEST FARGO'S EVENTS SUCH AS STREET FAIRS, PARADES AND OUR ANNUAL COMMUNITY CELEBRATION WESTFEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Simmons President | OfficerTrustee | 0.3 | $0 |
Dan Schaeffer Vice President | OfficerTrustee | 0.3 | $0 |
Todd Berning Treasurer | OfficerTrustee | 0.3 | $0 |
Bernie Dardis Mayor | Trustee | 0.3 | $0 |
Jim Jonas School Board Member | Trustee | 0.3 | $0 |
Jake Lauritsen Park Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Events Llc Marketing/ Advertising | 12/30/21 | $208,000 |
Magnum Electric Inc Electrical | 12/30/21 | $128,901 |
Arena Warehouse Consulation/ Installation | 12/30/21 | $108,268 |
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 | $345,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,779 |
| Total Program Service Revenue | $1,148,494 |
| Investment income | $6,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $580,486 |
| Net Income from Sales of Inventory | $163,926 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,261,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,623 |
| 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. | $179,032 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $726,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,641 |
| Payroll taxes | $84,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,266 |
| Fees for services: Accounting | $22,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,281 |
| Advertising and promotion | $124,423 |
| Office expenses | $147,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,923 |
| Travel | $573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,617 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,069 |
| Insurance | $47,712 |
| All other expenses | $160,557 |
| Total functional expenses | $2,287,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,494 |
| Savings and temporary cash investments | $605,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,055 |
| Prepaid expenses and deferred charges | $39,731 |
| Net Land, buildings, and equipment | $82,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,015,192 |
| Accounts payable and accrued expenses | $291,417 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,600 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $112,156 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $407,173 |
| Net assets without donor restrictions | $453,519 |
| Net assets with donor restrictions | $154,500 |
| 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 | $1,015,192 |