Civic Intelligence

Fargo Marathon Inc

990 • Fiscal year 2013 • EIN 43-2043293

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

Organization Profilewww.fargomarathon.com
405 West Main Ave No 1D58078

(701) 364-2786

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.45x

Higher debt load relative to assets than 75% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

62nd percentile

0.21x

Higher debt load relative to revenue than 62% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

41st percentile

0.3%

Faster revenue growth than 41% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$701,898

Up $93,587 (+15%) from 2012

Net Assets

Down

$385,010

Down $21,676 (-5.3%) from 2012

Liabilities

Up

$316,888

Up $115,263 (+57%) from 2012

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin15th percentile

Revenue

Up

$1,486,624

Up $5,086 (+0.3%) from 2012

Expenses

Up

$1,742,500

Up $21,319 (+1.2%) from 2012

Net Income

Down

-$255,876

Down $16,233 (-6.8%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $458,073Liabilities 2010: $9,550Net Assets 2010: $448,5232010Assets 2011: $673,473Liabilities 2011: $279,582Net Assets 2011: $393,8912011Assets 2012: $608,311Liabilities 2012: $201,625Net Assets 2012: $406,6862012Assets 2013: $701,898Liabilities 2013: $316,888Net Assets 2013: $385,0102013Assets 2014: $629,222Liabilities 2014: $275,584Net Assets 2014: $353,6382014Assets 2015: $478,661Liabilities 2015: $227,440Net Assets 2015: $251,2212015Assets 2016: $343,326Liabilities 2016: $263,091Net Assets 2016: $80,2352016Assets 2017: $406,518Liabilities 2017: $344,248Net Assets 2017: $62,2702017Assets 2018: $498,715Liabilities 2018: $346,885Net Assets 2018: $151,8302018Assets 2019: $144,628Liabilities 2019: $83,251Net Assets 2019: $61,3772019Assets 2020: $66,480Liabilities 2020: $20,067Net Assets 2020: $46,4132020Assets 2021: $47,460Liabilities 2021: $5,000Net Assets 2021: $42,4602021Assets 2023: $61,765Liabilities 2023: $0Net Assets 2023: $61,7652023

Highlighted filing

2013

Assets$701,898
Liabilities$316,888
Net Assets$385,010
Open 2013 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $914,2432010Revenue 2011: $121,766Expenses 2011: $189,915Net Income 2011: -$68,1492011Revenue 2012: $1,481,538Expenses 2012: $1,721,181Net Income 2012: -$239,6432012Revenue 2013: $1,486,624Expenses 2013: $1,742,500Net Income 2013: -$255,8762013Revenue 2014: $1,556,214Expenses 2014: $1,813,017Net Income 2014: -$256,8032014Revenue 2015: $1,576,467Expenses 2015: $1,699,297Net Income 2015: -$122,8302015Revenue 2016: $1,413,497Expenses 2016: $1,653,274Net Income 2016: -$239,7772016Revenue 2017: $1,422,710Expenses 2017: $1,562,201Net Income 2017: -$139,4912017Revenue 2018: $1,539,757Expenses 2018: $1,546,130Net Income 2018: -$6,3732018Revenue 2019: $1,128,094Expenses 2019: $1,251,880Net Income 2019: -$123,7862019Revenue 2020: $20,806Expenses 2020: $35,770Net Income 2020: -$14,9642020Revenue 2021: $64,513Expenses 2021: $68,466Net Income 2021: -$3,9532021Revenue 2023: $70,388Expenses 2023: $37,050Net Income 2023: $33,3382023

Highlighted filing

2013

Revenue$1,486,624
Expenses$1,742,500
Net Income-$255,876
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$1,505,553
Mission and Program Overview

Mission

The purpose of the organization is to promote healthy and active lifestyles for people of all ages.

The primary exempt purpose of Fargo Marathon, Inc. is to operate and administer the Fargo Marathon which promotes a healthy, physically fit lifestyle and fosters amateur sports competition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$373,130$406,288▲ $33,158
Prepaid Expenses and Deferred Charges$66,405$121,850▲ $55,445
Accounts Receivable$85,429$92,451▲ $7,022
Intangible Assets$75,000$75,000→ $0
Loans From Officers Directors$25,000--
Land, Buildings, and Equipment, Net$8,347$6,309▼ $2,038
Total Assets$608,311$701,898▲ $93,587
Liabilities
Deferred Revenue$150,269$241,818▲ $91,549
Accounts Payable and Accrued Expenses$11,856$75,070▲ $63,214
Other Liabilities$14,500$0▼ $14,500
Total Liabilities$201,625$316,888▲ $115,263
Net Assets / Fund Balance
Unrestricted Net Assets$406,686$385,010▼ $21,676
Total Net Assets Fund Balance$406,686$385,010▼ $21,676
Total Liabilities and Net Assets / Fund Balance$608,311$701,898▲ $93,587

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,309$3,882$10,191
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Troy IvesdalPresident
Mark KnutsonVice President/Executive D
Alison DyeDirector
Dave StendeDirector
Nola McNeallyDirector
Mark SailerSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Go Far Events IncManagement Fees-$281,100
Revenue and Support

Revenue Composition

Contributions and Grants
$257,020
Program Service Revenue
$1,228,289
Investment Income
$246
Other Revenue
$1,069
All Other Contributions
$257,020
Change in Net Assets
$-255,876

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,000Cost
Total Noncash Contributions1$25,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,486,624
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$234,200
Total Revenue per Audited Statements
$1,720,824
Total Revenue per Form 990
$1,486,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,636,909
Grants and Similar Amounts Paid$84,969
Salaries, Compensation, and Employee Benefits$20,622
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$741,517--$741,517
Fees for Services Management$56,220$224,880-$281,100
Grants to Domestic Orgs$84,969--$84,969
Occupancy$69,617--$69,617
Office Expenses$36,181--$36,181
Other Salaries and Wages$20,622--$20,622
Conferences and Meetings$19,938--$19,938
All Other Expenses$16,338--$16,338
Fees for Services Accounting-$14,839-$14,839
Other Expenses$11,656--$11,656
Fees for Services Other$8,363--$8,363
Insurance$3,501--$3,501
Depreciation Depletion$2,038--$2,038
Information Technology$1,175--$1,175
Travel$291--$291
Total Functional Expenses$1,502,781$239,719$0$1,742,500

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,742,500
Total Expenses per Audited Statements$1,742,500
Total Expenses per Form 990$1,742,500
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
20-0360007-501(c)(3)Nicu$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Executive Director is the sole ownerManagement Fee - Mark Knutson is the Executive Director of Fargo Marathon, Inc. as well as the owner of Go Far Events, Inc. Fargo Marathon, Inc. pays a monthly management fee to Go Far Events, Inc. for management services.No$281,100

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,000--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
No
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 3

“Fargo Marathon, Inc. has a management agreement with Go Far Events, Inc. for the duties of the management team. Management fees are based on an average fair market value using comparable race management company data and are updated every three years. Mark Knutson is compensated by Go Far Events for his serves to Fargo Marathon, Inc. Mark spends 80% of his time working for Fargo Marathon, Inc. and his salary for these services is $56,000.”

Form 990, Part VI, Section A, line 8B

“There are no committees with the authority to act on behalf of the board.”

Form 990, Part VI, Section B, line 11

“The Executive Director will send a copy of the Form 990 to the board for their review. The board will give the final approval on the Form 990 prior to it being filed with the IRS.”

Form 990, Part VI, Section B, line 15

“There are no officers who are paid by the organization. Go Far Events, Inc. has a three year management agreement with Fargo Marathon, Inc. This management agreement is approved by the board each year. Mark Knutson, Executive Director, abstains from the discussion and voting on the agreement due to a conflict of interest. This is performed every three years, with the last evaluation done in 2011. There are no other key employees or officers that are compensated.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

EIN
43-2043293
Phone
7013642786

Signing Officer

Name
Mark Knutson
Title
VP/Executive Director
Phone
7013642786
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Knutson
Formed
2004
Legal Domicile
Nd
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
2,000

Preparer

Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“Fargo Marathon, Inc. does not have a specifically appointed audit committee; however, the Board of Directors does assume responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

Financial Statement Notes

Part X, Line 2:

“The Organization is considered a publicly supported organization and is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986. This exempt status will continue in effect provided that the Organization does not change its purpose, character or method of operation. With few exceptions, the Organization is no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2010.”

Raw XML AppendixShowing 400 of 472 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Fargo Marathon, Inc. is a North Dakota nonprofit organization. The purpose of which is to promote the awareness of healthy and active lifestyles in people of all ages. A main focus of the organization is to donate a portion of the monies raised back to charities that focus on youth related causes. At the end of the year, Fargo Marathon Inc. owned four races: the Fargo Marathon, 81 on 81 Relay Run, Go Far Woman Run, and Fargo Mini Marathon. The ninth annual Fargo Marathon events were held May 16-18, 2013. Events included a youth run, 5K, 10K, half marathon, marathon relays, and a full marathon. There were approximately 24,000 participants across all events.The 81 on 81 Relay Run was held July 19-20, 2013. Events included 6 and 12-person relay teams across an 81 mile course.The inaugural Go Far Woman Run was held August 24, 2013. Events included a 5K, half marathon, and half marathon relay. There were approximately 1,500 participants across all events. The fifth annual Fargo Mini Marathon was held on October 19, 2013. Events included a 5K, 10K, and half marathon. There were approximately 2,000 participants across all events.
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IRS990/MissionDesc0The Fargo Marathon will continuously strive to promote a friendly and fun event dedicated to the participants, the volunteers, spectators and our chosen charities. We firmly believe that physical fitness should not be a choice, but rather, a part of life for all people of all ages.
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IRS990/PrincipalOfficerNm0Mark Knutson
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IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/Desc0Registrations
IRS990/ProgramServiceRevenueGrp/Desc1Health Expo
IRS990/ProgramServiceRevenueGrp/Desc2Misc Event Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01192420
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129825
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26044
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01192420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26044
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYInvestmentIncomeAmt0284
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0-239643
IRS990/PYSalariesCompEmpBnftPaidAmt018506
IRS990/PYTotalExpensesAmt01721181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01481538
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-255876
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01229358
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0373130
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0406288
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0257020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0271943
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt020500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0167066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0119486
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0836015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0246
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0230
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0760
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01248287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01209311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0101036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01098399
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0900853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04557886
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0246
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0230
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01520
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97150
IRS990ScheduleA/PublicSupportPY509Pct00.97130
IRS990ScheduleA/PublicSupportTotal509Amt05241693
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt054888
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt035185
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt017338
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt039797
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0152208
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt054888
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt035185
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt017338
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt039797
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0152208
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01505307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01481254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0121536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01265465
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01020339
IRS990ScheduleA/Total509Grp/TotalAmt05393901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01505553
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01481538
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0121766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01266225
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01020339
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05395421
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0234200
IRS990ScheduleD/EquipmentGrp/BookValueAmt06309
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03882
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010191
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01742500
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0234200
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01486624
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is considered a publicly supported organization and is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986. This exempt status will continue in effect provided that the Organization does not change its purpose, character or method of operation. With few exceptions, the Organization is no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06309
IRS990ScheduleD/TotalExpensesPerForm990Amt01742500
IRS990ScheduleD/TotalRevenuePerForm990Amt01486624
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01720824
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01742500
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0NICU
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Essentia Health
IRS990ScheduleI/RecipientTable/RecipientEIN0200360007
IRS990ScheduleI/RecipientTable/USAddress/AddressLine103000 32nd Ave SW
IRS990ScheduleI/RecipientTable/USAddress/City0Fargo
IRS990ScheduleI/RecipientTable/USAddress/State0ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode058103
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Fargo Marathon, Inc. is a North Dakota nonprofit organization. The purpose of which is to promote the awareness of healthy and active lifestyles in people of all ages. A main focus of the Organization is to donate a portion of the monies raised back to charities that focus on youth related causes. Fargo Marathon determines these charities each year based on the relation they have to helping youth in the area. The mission statements of the charities help in monitoring the use of the grant funds for the proper cause.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10Go Far Events Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Executive Director is the sole owner
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0281100
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Management Fee - Mark Knutson is the Executive Director of Fargo Marathon, Inc. as well as the owner of Go Far Events, Inc. Fargo Marathon, Inc. pays a monthly management fee to Go Far Events, Inc. for management services.
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Sackpacks
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Cost
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt025000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Fargo Marathon, Inc. received one contribution of sackpacks for a total cost value of $25,000.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Column (b):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Fargo Marathon, Inc. has a management agreement with Go Far Events, Inc. for the duties of the management team. Management fees are based on an average fair market value using comparable race management company data and are updated every three years. Mark Knutson is compensated by Go Far Events for his serves to Fargo Marathon, Inc. Mark spends 80% of his time working for Fargo Marathon, Inc. and his salary for these services is $56,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with the authority to act on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director will send a copy of the Form 990 to the board for their review. The board will give the final approval on the Form 990 prior to it being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no officers who are paid by the organization. Go Far Events, Inc. has a three year management agreement with Fargo Marathon, Inc. This management agreement is approved by the board each year. Mark Knutson, Executive Director, abstains from the discussion and voting on the agreement due to a conflict of interest. This is performed every three years, with the last evaluation done in 2011. There are no other key employees or officers that are compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents and the financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fargo Marathon, Inc. does not have a specifically appointed audit committee; however, the Board of Directors does assume responsibility for oversight of the audit of its financial statements and selection of an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0608311
IRS990/TotalAssetsEOYAmt0701898

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$701,898
Liabilities
$316,888
Net assets
$385,010
Revenue
$1,486,624
Expenses
$1,742,500
Net income
-$255,876
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.07$0.04$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$0.06$0.07$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.02$0.05$0.02$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.08$0.06$1.13$1.25$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.35$0.15$1.54$1.55$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.41$0.34$0.06$1.42$1.56$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.26$0.08$1.41$1.65$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.23$0.25$1.58$1.70$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.28$0.35$1.56$1.81$0.26
2013Detailed filing. Detailed filing data is available for this year.$0.70$0.32$0.39$1.49$1.74$0.26
2012Summary only. Only limited summary data is available for this year.$0.61$0.20$0.41$1.48$1.72$0.24
2011Summary only. Only limited summary data is available for this year.$0.67$0.28$0.39$0.12$0.19$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.01$0.45$0.91