Civic Intelligence

Fargo Marathon Inc

990 • Fiscal year 2014 • EIN 43-2043293

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

Organization Profilewww.fargomarathon.com
405 West Main Ave No 1DWest Fargo, ND 58078

(701) 364-2786

Siviq Scores

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

Liabilities / Assets

76th percentile

0.44x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.18x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

11th percentile

-10%

Faster asset growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

53rd percentile

4.7%

Faster revenue growth than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$629,222

Down $72,676 (-10%) from 2013

Net Assets

Down

$353,638

Down $31,372 (-8.1%) from 2013

Liabilities

Down

$275,584

Down $41,304 (-13%) from 2013

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin15th percentile

Revenue

Up

$1,556,214

Up $69,590 (+4.7%) from 2013

Expenses

Up

$1,813,017

Up $70,517 (+4.0%) from 2013

Net Income

Down

-$256,803

Down $927 (-0.4%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2014

Assets$629,222
Liabilities$275,584
Net Assets$353,638
Open 2014 Filing

Operations Trend

Revenue Growth53rd 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

2014

Revenue$1,556,214
Expenses$1,813,017
Net Income-$256,803
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,562,908
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$406,288$266,913▼ $139,375
Prepaid Expenses and Deferred Charges$121,850$130,668▲ $8,818
Intangible Assets$75,000$117,000▲ $42,000
Accounts Receivable$92,451$101,416▲ $8,965
Land, Buildings, and Equipment, Net$6,309$8,024▲ $1,715
Total Assets$701,898$629,222▼ $72,676
Other Assets Total$0$5,201▲ $5,201
Liabilities
Deferred Revenue$241,818$209,242▼ $32,576
Accounts Payable and Accrued Expenses$75,070$63,396▼ $11,674
Other Liabilities$0$2,946▲ $2,946
Total Liabilities$316,888$275,584▼ $41,304
Net Assets / Fund Balance
Unrestricted Net Assets$385,010$353,638▼ $31,372
Total Net Assets Fund Balance$385,010$353,638▼ $31,372
Total Liabilities and Net Assets / Fund Balance$701,898$629,222▼ $72,676

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,024$5,402$13,426
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Go Far Events IncManagement Fees405 West Main Avenue Westgo Square, West Fargo, ND 58078$298,600
Revenue and Support

Revenue Composition

Contributions and Grants
$305,058
Program Service Revenue
$1,241,961
Investment Income
$100
Other Revenue
$9,095
All Other Contributions
$305,058
Change in Net Assets
$-256,803

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$28,000Cost
Other Non Cash Contri Table1$11,175Cost
Total Noncash Contributions2$39,175-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,556,214
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$225,431
Total Revenue per Audited Statements
$1,781,645
Total Revenue per Form 990
$1,556,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,706,167
Grants and Similar Amounts Paid$94,589
Salaries, Compensation, and Employee Benefits$12,261
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$755,344--$755,344
Fees for Services Management$59,720$238,880-$298,600
Other Expenses$106,258--$106,258
Grants to Domestic Orgs$94,589--$94,589
Occupancy$50,542--$50,542
Conferences and Meetings$18,513--$18,513
Fees for Services Other$16,984--$16,984
Office Expenses$14,154--$14,154
Fees for Services Accounting-$13,033-$13,033
Other Salaries and Wages$12,261--$12,261
All Other Expenses$4,772--$4,772
Depreciation Depletion$4,403--$4,403
Insurance$1,611--$1,611
Information Technology$1,395--$1,395
Travel$138--$138
Total Functional Expenses$1,561,104$251,913$0$1,813,017

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,813,017
Total Expenses per Audited Statements$1,813,017
Total Expenses per Form 990$1,813,017
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Essentia HealthFargo, ND501(c)(3)GoFar Women$10,000
Minnesota State University MoorheadMoorhead, MNGovernmentSwim & Dive$6,000
YMCA of Cass ClayFargo, ND501(c)(3)Partner of Youth Fund$5,000
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$298,600
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$2,946
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 2014. 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

Filer Name
Fargo Marathon Inc
EIN
43-2043293
Phone
7013642786
Address
405 West Main Ave No 1D, West Fargo, ND 58078

Signing Officer

Name
Mark Knutson
Title
VP/Executive Director
Phone
7013642786
Signed
2015-11-12
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

Firm
Eide Bailly Llp
Address
PO BOX 1914, BISMARCK, ND 58502-1914
Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“On October 2, 2014, the Organization acquired the Dick Beardsley Marathon from the Detroit Lakes Cultural Community.”

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 2011.”

Raw XML AppendixShowing 400 of 502 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 five races: the Fargo Marathon, 81 on 81 Relay Run, Go Far Woman Run, the Dick Beardsley Half Marathon and Fargo Mini Marathon. The tenth annual Fargo Marathon events were held May 8-10, 2014. Events included a youth run, 5K, 10K, half marathon, marathon relays, and a full marathon. There were approximately 23,000 participants across all events.The 81 on 81 Relay Run was discontinued after the 2013 event, and the organization does not expect to host it again.The 2nd Annual Go Far Woman Run was held August 23, 2014. Events included a 5K, half marathon, and half marathon relay. There were approximately 1,500 participants across all events. The Dick Beardsley Half Marathon was acquired in October of 2014, but an event was not held during the 2014 calendar year. This event typically takes place in September of each year.The sixth annual Fargo Mini Marathon was held on October 11, 2014. Events included a 5K, 10K, and half marathon. There were approximately 1,700 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/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Misc. Race Expenses
IRS990/OtherExpensesGrp/Desc1Medals/Trophies/Prizes
IRS990/OtherExpensesGrp/Desc2Marathon Entertainment
IRS990/OtherExpensesGrp/ProgramServicesAmt0261160
IRS990/OtherExpensesGrp/ProgramServicesAmt1159260
IRS990/OtherExpensesGrp/ProgramServicesAmt2106258
IRS990/OtherExpensesGrp/TotalAmt0261160
IRS990/OtherExpensesGrp/TotalAmt1159260
IRS990/OtherExpensesGrp/TotalAmt2106258
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt02946
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012261
IRS990/OtherSalariesAndWagesGrp/TotalAmt012261
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0121850
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0130668
IRS990/PrincipalOfficerNm0Mark Knutson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/Desc0Registrations
IRS990/ProgramServiceRevenueGrp/Desc1Health Expo
IRS990/ProgramServiceRevenueGrp/Desc2Misc Event Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01195609
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01195609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223002
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0257020
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt084969
IRS990/PYInvestmentIncomeAmt0246
IRS990/PYOtherExpensesAmt01636909
IRS990/PYOtherRevenueAmt01069
IRS990/PYProgramServiceRevenueAmt01228289
IRS990/PYRevenuesLessExpensesAmt0-255876
IRS990/PYSalariesCompEmpBnftPaidAmt020622
IRS990/PYTotalExpensesAmt01742500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01486624
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-256803
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01251056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0406288
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0266913
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0305058
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0257020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0271943
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt020500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0167066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01021587
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0217
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0246
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0230
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0760
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01737
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01253633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01248287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01209311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0101036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01098399
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04910666
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0217
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0246
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0230
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01737
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97310
IRS990ScheduleA/PublicSupportPY509Pct00.97150
IRS990ScheduleA/PublicSupportTotal509Amt05774348
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt045494
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt054888
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt035185
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt017338
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0157905
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt045494
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt054888
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt035185
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt017338
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0157905
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01558691
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01505307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01481254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0121536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01265465
IRS990ScheduleA/Total509Grp/TotalAmt05932253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01558908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01505553
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01481538
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0121766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01266225
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05933990
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/DonatedServicesAndUseFcltsAmt0225431
IRS990ScheduleD/EquipmentGrp/BookValueAmt08024
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05402
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013426
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01813017
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Related Party Payable
IRS990ScheduleD/RevenueNotReportedAmt0225431
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01556214
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 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08024
IRS990ScheduleD/TotalExpensesPerForm990Amt01813017
IRS990ScheduleD/TotalLiabilityAmt02946
IRS990ScheduleD/TotalRevenuePerForm990Amt01556214
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01781645
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01813017
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/CashGrantAmt26000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2Government
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GoFar Women
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Partner of Youth Fund
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Swim & Dive
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Essentia Health
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1YMCA of Cass Clay
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Minnesota State University Moorhead
IRS990ScheduleI/RecipientTable/RecipientEIN0200360007
IRS990ScheduleI/RecipientTable/RecipientEIN1450232096
IRS990ScheduleI/RecipientTable/RecipientEIN2411687554
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03000 32nd Ave SW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 1st Ave S
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21104 7th Ave S
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Fargo
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Fargo
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Moorhead
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1ND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd158103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd256563
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/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Go Far Events Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Executive Director is the sole owner
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0298600
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/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Sackpacks
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Water, Powerade, and Cups
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Cost
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1Cost
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$629,222
Liabilities
$275,584
Net assets
$353,638
Revenue
$1,556,214
Expenses
$1,813,017
Net income
-$256,803
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