Fargo Youth Hockey Association

“The Organization has an Executive Committee which is comprised of the President, Past President, Executive Vice President, Treasurer, Secretary, Vice President of Hockey Operations, and Vice President of Hockey Programs. They are generally responsible for conducting the affairs and business of the Corporation between meetings and have other specific authority as may be delegated to them by resolution of the Board of Directors, however they did not act during the year.”

“Membership in the Corporation shall consist of the following classes of membership: (1) Family Members; and (2) Associate Members. Family Membership: The parent(s) and/or guardian(s) of a player who resides in the jurisdictional area granted to the Corporation by the Corporation's local affiliate agreement with the local governing body in effect from time to time and who is registered to play in the Corporation's programs are eligible for one collective family membership for their qualifying child(ren) (collectively, a "Family Member"). Only one Family Member membership shall be allowed for each family unit regardless of how many youth that family has registered for play in the Corporation's programs. In addition, a qualifying youth may be part of only one Family Member (e.g., the child's father and mother cannot each obtain a separate family membership). Associate Membership: Each member of the Corporation's Board of Directors that is not a parent or guardian in a family unit that is a Family Member automatically shall be an Associate Member for a period coterminous with such person's term as a member of the Board of Directors. The Board of Directors from time to time may grant associate membership to persons interested in becoming actively involved with the Corporation that are not otherwise eligible for any other class of membership. No person may hold more than one class of membership at any time. For example, a parent or guardian in a family unit that is a Family Member may not also be an Associate Member; provided, however, a step-parent in a family unit that is a Family Member would not be prohibited from applying to be an Associate Member.”

“Each Associate Member in good standing shall be entitled to one vote on each matter submitted to a vote of the members. Each Family Member in good standing shall be entitled to two votes on each matter submitted to a vote of the members. For the avoidance doubt, each Family Member membership gets two votes in the aggregate (each person in the family unit that is the Family Member holding the family membership does not get two votes). The two votes of a Family Member shall be divided equally between the parents and guardians in the family unit but each parent or guardian may designate in the membership application another parent, guardian, step-parent or grandparent in the family unit to cast his or her vote.”

“The Organization has an Executive Committee but they did not act during the year.”

“A copy of the Form 990 was distributed to the Board of Directors for review via email prior to it being filed.”

“The search and interview committee, consisting of several board members, took many things into consideration when determining the compensation for the Executive Director. The committee considered what other FYHA positions were being paid and what, if any of their responsibilities applied to the position. The committee also looked at other hockey associations of similar size and obtained Executive Director compensation information from them, to confirm compensation was the appropriate salary range for the position.”

“The governing documents and financial statements are available to the public upon request.”

“The Organization entered into a Sponsorship Agreement on 10/4/2022 by and between the Park District of the City of Fargo The Park District plans to build, own, operate and maintain a wellness sports complex currently named Fargo Sports Complex. As part of the agreement the Organization has agreed to pay the Park District of the City of Fargo $3 million dollars over 10 years to purchase donor recognition rights to the Sports Complex. In addition, the Organization has committed to entering a 25-year lease with the Park District for the rental of one sheet of ice at the Sports Complex. The lease will commence upon completion of the ice at the Sports Complex. A related liability of $3 million has been included on the balance sheet for the Organization's sponsorship committment. A lease liability will be recorded on the balance sheet upon completion of the ice at the Sports Complex.”