Civic Intelligence

Metro Sports Foundation Inc

EIN 20-8723123 • 501(c)3 • Fargo, ND

Profile

Enriching youth activities in the Fargo Moorhead Area through promoting and hosting sporting events that offer players, coaches, and the community the opportunity to participate at the highest level of sportsmanship.

5225 31st Ave SFargo, ND 58104

www.scheelsarena.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.64x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

2.14x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

56th percentile

6.8%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

20th percentile

$147,400

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

17th percentile

-4.0%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

17th percentile

-10%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Down

$22,015,826

Down $929,021 (-4.0%) from 2024

Liabilities

Down

$14,016,292

Down $843,477 (-5.7%) from 2024

Net Assets

Down

$7,999,534

Down $85,544 (-1.1%) from 2024

Revenue

Down

$6,542,165

Down $760,835 (-10%) from 2024

Expenses

Up

$6,094,399

Up $274,298 (+4.7%) from 2024

Net Income

Down

$447,766

Down $1,035,133 (-70%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $29,330,723Liabilities 2011: $26,216,806Net Assets 2011: $3,113,9172011Assets 2012: $28,523,465Liabilities 2012: $26,581,623Net Assets 2012: $1,941,8422012Assets 2013: $25,293,181Liabilities 2013: $16,784,034Net Assets 2013: $8,509,1472013Assets 2014: $24,550,821Liabilities 2014: $15,607,636Net Assets 2014: $8,943,1852014Assets 2015: $24,032,887Liabilities 2015: $14,876,219Net Assets 2015: $9,156,6682015Assets 2016: $28,423,420Liabilities 2016: $12,765,049Net Assets 2016: $15,658,3712016Assets 2017: $30,203,051Liabilities 2017: $15,391,742Net Assets 2017: $14,811,3092017Assets 2018: $28,594,404Liabilities 2018: $14,845,196Net Assets 2018: $13,749,2082018Assets 2019: $26,868,264Liabilities 2019: $14,376,099Net Assets 2019: $12,492,1652019Assets 2020: $25,497,243Liabilities 2020: $14,162,138Net Assets 2020: $11,335,1052020Assets 2021: $25,842,624Liabilities 2021: $15,502,662Net Assets 2021: $10,339,9622021Assets 2022: $24,987,330Liabilities 2022: $15,509,152Net Assets 2022: $9,478,1782022Assets 2023: $25,004,278Liabilities 2023: $16,402,895Net Assets 2023: $8,601,3832023Assets 2024: $22,944,847Liabilities 2024: $14,859,769Net Assets 2024: $8,085,0782024Assets 2025: $22,015,826Liabilities 2025: $14,016,292Net Assets 2025: $7,999,5342025

Highlighted filing

2025

Assets$22,015,826
Liabilities$14,016,292
Net Assets$7,999,534

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,583,911Expenses 2011: $3,765,884Net Income 2011: -$181,9732011Expenses 2012: $3,336,2272012Expenses 2013: $2,926,1792013Revenue 2014: $3,620,331Expenses 2014: $3,186,293Net Income 2014: $434,0382014Revenue 2015: $3,737,439Expenses 2015: $3,523,956Net Income 2015: $213,4832015Revenue 2016: $10,621,215Expenses 2016: $4,119,512Net Income 2016: $6,501,7032016Revenue 2017: $4,678,418Expenses 2017: $5,525,479Net Income 2017: -$847,0612017Revenue 2018: $2,949,157Expenses 2018: $4,011,258Net Income 2018: -$1,062,1012018Revenue 2019: $4,285,980Expenses 2019: $5,543,023Net Income 2019: -$1,257,0432019Revenue 2020: $3,185,627Expenses 2020: $4,354,687Net Income 2020: -$1,169,0602020Revenue 2021: $2,158,698Expenses 2021: $3,153,841Net Income 2021: -$995,1432021Revenue 2022: $3,507,729Expenses 2022: $4,369,513Net Income 2022: -$861,7842022Revenue 2023: $5,323,746Expenses 2023: $6,200,541Net Income 2023: -$876,7952023Revenue 2024: $7,303,000Expenses 2024: $5,820,101Net Income 2024: $1,482,8992024Revenue 2025: $6,542,165Expenses 2025: $6,094,399Net Income 2025: $447,7662025

Highlighted filing

2025

Revenue$6,542,165
Expenses$6,094,399
Net Income$447,766

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.0$14.0$8.00$6.54$6.09$0.45
2024Detailed filing. Detailed filing data is available for this year.$22.9$14.9$8.09$7.30$5.82$1.48
2023Detailed filing. Detailed filing data is available for this year.$25.0$16.4$8.60$5.32$6.20$0.88
2022Detailed filing. Detailed filing data is available for this year.$25.0$15.5$9.48$3.51$4.37$0.86
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$15.5$10.3$2.16$3.15$1.00
2020Detailed filing. Detailed filing data is available for this year.$25.5$14.2$11.3$3.19$4.35$1.17
2019Detailed filing. Detailed filing data is available for this year.$26.9$14.4$12.5$4.29$5.54$1.26
2018Detailed filing. Detailed filing data is available for this year.$28.6$14.8$13.7$2.95$4.01$1.06
2017Detailed filing. Detailed filing data is available for this year.$30.2$15.4$14.8$4.68$5.53$0.85
2016Detailed filing. Detailed filing data is available for this year.$28.4$12.8$15.7$10.6$4.12$6.50
2015Detailed filing. Detailed filing data is available for this year.$24.0$14.9$9.16$3.74$3.52$0.21
2014Detailed filing. Detailed filing data is available for this year.$24.6$15.6$8.94$3.62$3.19$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$16.8$8.51$2.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.5$26.6$1.94$3.34
2011Summary only. Only limited summary data is available for this year.$29.3$26.2$3.11$3.58$3.77$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Mar 16, 2026
Return Version
2024v5.5
Gross Receipts
$39,508,838
Mission and Program Overview

Mission

Enriching youth activities in the Fargo Moorhead Area through promoting and hosting sporting events that offer players, coaches, and the community the opportunity to participate at the highest level of sportsmanship.

Enriching youth activities in the Fargo-Moorhead area through promoting and hosting sporting events that offer players, coaches, and the community the opportunity to participate at the highest level of sportsmanship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$12,942,490$12,409,180▼ $533,310
Land, Buildings, and Equipment, Net$6,752,192$6,968,225▲ $216,033
Savings and Temporary Cash Investments$2,402,096$1,931,844▼ $470,252
Accounts Receivable$199,965$218,789▲ $18,824
Other Notes and Loans Receivable, Net$229,616$120,000▼ $109,616
Prepaid Expenses and Deferred Charges$109,782$92,095▼ $17,687
Total Assets$22,944,847$22,015,826▼ $929,021
Other Assets Total$308,706$275,693▼ $33,013
Liabilities
Unsecured Notes Loans Payable$5,658,637$5,947,620▲ $288,983
Tax Exempt Bond Liabilities$5,753,600$5,000,000▼ $753,600
Accounts Payable and Accrued Expenses$1,138,598$1,074,317▼ $64,281
Deferred Revenue$758,964$918,486▲ $159,522
Mortgage Notes Payable Secured by Investment Property$1,240,388$796,519▼ $443,869
Other Liabilities$309,582$279,350▼ $30,232
Total Liabilities$14,859,769$14,016,292▼ $843,477
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,942,490$12,409,180▼ $533,310
Net Assets Without Donor Restrictions$-4,857,412$-4,409,646▲ $447,766
Total Net Assets Fund Balance$8,085,078$7,999,534▼ $85,544
Total Liabilities and Net Assets / Fund Balance$22,944,847$22,015,826▼ $929,021

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,015,480$1,708,542$6,724,022
Leasehold Improvements$1,229,935$1,902,787$3,132,722
Equipment$653,812$2,311,397$2,965,209
Other Land Buildings$68,998-$68,998
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven RattiVP of SalesFT$136,465$10,935$147,400

Board Members and Trustees

NameTitle
Jon KramPresident
Matt CullenVice President
Ben NooanDirector
Todd OlsonDirector
Trevor BrandnerController
Dan NessSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
March One Music LLCConcert125 12th Ave N, Nashville, TN 37203$249,509
Brandt Holdings CompanyManagement Fees4650 26th Ave S E, Fargo, ND 58104$224,400
Nocturnal Resources LLCLabor1320 1st Ave N, Fargo, ND 58102$194,172
Christopher Robin TateConcert6870 Milne Blvd, New Orleans, LA 70124$155,190
Pepper OPCO LLCConcert230 S Phillips Ave 202, Sioux Falls, SD 57104$106,471
Revenue and Support

Revenue Composition

Contributions and Grants
$703,694
Program Service Revenue
$3,498,700
Investment Income
$23,806
Other Revenue
$2,315,965
All Other Contributions
$703,694
Change in Net Assets
$447,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,362,474
Revenue Not Reported on Financial Statements
$-2,820,309
Revenue Not Reported on Form 990
$-660,315
Other Revenue Adjustments
$-2,820,309
Total Revenue per Audited Statements
$8,702,159
Total Revenue per Form 990
$6,542,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,668,022
Salaries, Compensation, and Employee Benefits$1,408,144
Grants and Similar Amounts Paid$18,233
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$699,527$450,263-$1,149,790
Occupancy$269,954$532,095-$802,049
Depreciation Depletion$327,922$211,073-$538,995
Interest$322,549$207,615-$530,164
All Other Expenses$125,086$80,507-$205,593
Payroll Taxes$120,059$77,278-$197,337
Fees for Services Management$9,564$165,569-$175,133
Office Expenses$68,303$43,964-$112,267
Insurance$60,043$38,648-$98,691
Fees for Services Accounting$37,214$23,954-$61,168
Other Employee Benefits$27,016$17,389-$44,405
Information Technology$25,910$16,678-$42,588
Fees for Services Legal$24,164$15,553-$39,717
Other Expenses$14,798$9,525-$24,323
Grants to Domestic Individuals$18,233--$18,233
Advertising$10,169$6,546-$16,715
Pension Plan Contributions$10,107$6,505-$16,612
Travel$7,904$5,087-$12,991
Fees for Services Other$4,820$3,103-$7,923
Total Functional Expenses$2,647,883$3,446,516$0$6,094,399

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,787,703
Total Expenses per Form 990$6,094,399
Expenses per Audited Statements$5,410,687
Expenses Not Reported on Form 990$3,377,016
Expenses Not Reported on Financial Statements$683,712
Other Expense Adjustments$683,712
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$34,818,841
Gaming Direct Expenses$32,966,673
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease liability$279,350

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Frontier North Dakota2024-12-30$5,000,000Refund Series 2017 Revenue Bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,000,000$5,000,000--

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1B:

Two of the board members are employees of the supported orgnizations of Metro Sports Foundation and receive compensation as employees of their respective employer. Due to this, they are not considered independent.

Form 990, Part VI, Section A, line 1A

The Board of Directors may create an Executive Committee to conduct the day to day affairs of Metro Sports Foundation, Inc. The activities, decisions, and policies of the Executive Committed shall be subject to the control, oversight, and supervision of the full Baord of Directors. The Executive Committe shall consist of the Directors appointed by the Board of Directors.

Form 990, Part VI, Section A, line 3

President Jon Kram and Controller Trevor Brandner received reportable compensation of $65,200 and $30,900, and no benefits respectively, from Brandt Holdings, the management company. Brandt Holdings provides management services related to programming coordionation, contract negotiations with third parties, corporate planning and budgeting, legal and tax consulting, strategic planning services, personnel and human resources functions, and other administrative, management, consulting, and otherservices as requested by Metro Sports Foundation.

Form 990, Part VI, Section A, line 7A

The Metro Sports Foundation, Inc. has two classes of supported organizations consisting of one community supported organizations and two designated supported organizations. Each of the three supported organizations have the authoiry to appoint a respresenative to the Board of Directors.

Form 990, Part VI, Section B, line 11B

The President and Vice President reviewed the 990 prior to its filing.

Form 990, Part VI, Section B, line 12C

The directors, principal officer, and members of committees with governing board delegated powers are required to disclose any potential conflicts of interest to the Board along with all material facts. The remaining board members shall decide if a conflict of interest exists. Persons with a conflict are prohibited from participating in the governing body's deliberations and decisions in the transaction.

Form 990, Part VI, Section C, line 19

Governing documents, policies, and financial statements are made available upon request at the organization's main office.

Form 990, Part VII, Section A:

Two of the board members of Metro Sports Foundation, Inc are employed by supported organziations of Metro Sports Foundation, Inc. At the time of filing, the compensation paid from the related supported organizations was not available.

Filing and Contact Details

Filer

Filer Name
Metro Sports Foundation Inc
EIN
20-8723123
Phone
7013567656
Address
5225 31st Ave S, Fargo, ND 58104

Signing Officer

Name
Jon Kram
Title
President
Phone
7013567656
Signed
2026-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Kram
Formed
2007
Legal Domicile
Nd
Voting Board Members
4
Independent Board Members
2
Employees
248
Volunteers
4

Preparer

Firm
Eide Bailly LLP
Address
4310 17th Ave S PO Box 2545, Fargo, ND 58108-2545
Preparer
Anne Stoll CPA
Phone
7012398500
Supplemental Narrative

Financial Statement Notes

Part IV, Line 1B:

An unrelated organization Cross annually hosts a Hometown Heroes Night at the Fargo Force games. Metro Sports Foundation collects revenues and makes payments on behalf of Cross, but does not recognize revenues or expenses in connection with this event.

Part X, Line 2:

It is the opinion of Management that the foundation has no significant uncertain Tax Position that would be subject to change upon examination. The Income Tax Returns of the foundation are subject to Examination by the IRS and State Tax Authorities, Generally for three years after they were files. All the tax filing are up to date.

Part XI, Line 2D - Other Adjustments:

Events expenses netted in revenues for audit purposes -665,479. Contributions to individuals included in revenues -18,233.

Part XI, Line 4B - Other Adjustments:

Gaming expenses included in revenues for 990 purposes -2,820,309.

Part XII, Line 2D - Other Adjustments:

Gaming expenses included in revenues for 990 purposes 2,820,309.

Part XII, Line 4B - Other Adjustments:

Events expenses netted in revenues for audit purposes 665,479. Contributions to individuals included in revenues 18,233.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt610935
IRS990/Form990PartVIISectionAGrp/PersonNm0Matt Cullen
IRS990/Form990PartVIISectionAGrp/PersonNm1Dan Ness
IRS990/Form990PartVIISectionAGrp/PersonNm2Ben Nooan
IRS990/Form990PartVIISectionAGrp/PersonNm3Todd Olson
IRS990/Form990PartVIISectionAGrp/PersonNm4Jon Kram
IRS990/Form990PartVIISectionAGrp/PersonNm5Trevor Brandner
IRS990/Form990PartVIISectionAGrp/PersonNm6Steven Ratti
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Controller
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IRS990/InformationTechnologyGrp/ProgramServicesAmt025910
IRS990/InformationTechnologyGrp/TotalAmt042588
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0Enriching youth activities in the Fargo Moorhead Area through promoting and hosting sporting events that offer players, coaches, and the community the opportunity to participate at the highest level of sportsmanship.
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IRS990/OtherExpensesGrp/Desc0Event Expenses
IRS990/OtherExpensesGrp/Desc1Sport Activities
IRS990/OtherExpensesGrp/Desc2Dues and Memberships
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IRS990/PrincipalOfficerNm0Jon Kram
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Fargo Public School District is a supported organization of Metro Sports Foundation, Inc. The Fargo Public School District is a governmental entity that operates to provide education to students in the Fargo area.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1There is no monetary or other support listed as being provided to the supported organizations; however, the Metro Sports Foundation operates to provide support to our supported organizations by broadly serving the needs of the communities of the Fargo area. Our facility is used for many youth activities which benefit both the Fargo Youth Hockey Association and the Fargo Public School District. The Metro Sports Foundation operates the Scheels Arena which hosts regional, state, and national tournaments for Fargo area junior high and high school sports teams and Fargo area youth hockey, basketball, and volleyball associations. Additionally, the Scheels Sports Arena hosts events for the Fargo area recreational leagues and other members of the Fargo area community.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 2:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part I, Line 12g:
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20

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