Civic Intelligence

Fargo Marathon Inc

990 • Fiscal year 2016 • EIN 43-2043293

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

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

87th percentile

0.77x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.19x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

17th percentile

-17%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

4th percentile

-28%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-10%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$343,326

Down $135,335 (-28%) from 2015

Net Assets

Down

$80,235

Down $170,986 (-68%) from 2015

Liabilities

Up

$263,091

Up $35,651 (+16%) from 2015

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin17th percentile

Revenue

Down

$1,413,497

Down $162,970 (-10%) from 2015

Expenses

Down

$1,653,274

Down $46,023 (-2.7%) from 2015

Net Income

Down

-$239,777

Down $116,947 (-95%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2016

Assets$343,326
Liabilities$263,091
Net Assets$80,235
Open 2016 Filing

Operations Trend

Revenue Growth23rd 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

2016

Revenue$1,413,497
Expenses$1,653,274
Net Income-$239,777
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,415,790
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 Road Race events, including the Fargo Marathon, the Go Far Woman Run, the Dick Beardsley Marathon and the Fargo Mini Marathon. All of which promote a healthy, physically fit lifestyle and foster amateur sports competition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$241,423$179,120▼ $62,303
Intangible Assets$117,000$117,000→ $0
Accounts Receivable$70,949$34,440▼ $36,509
Land, Buildings, and Equipment, Net$5,209$11,658▲ $6,449
Prepaid Expenses and Deferred Charges$38,992$1,108▼ $37,884
Total Assets$478,661$343,326▼ $135,335
Other Assets Total$5,088$0▼ $5,088
Liabilities
Deferred Revenue$153,280$231,054▲ $77,774
Other Liabilities$32,604$0▼ $32,604
Accounts Payable and Accrued Expenses$41,556$32,037▼ $9,519
Total Liabilities$227,440$263,091▲ $35,651
Net Assets / Fund Balance
Unrestricted Net Assets$251,221$80,235▼ $170,986
Total Net Assets Fund Balance$251,221$80,235▼ $170,986
Total Liabilities and Net Assets / Fund Balance$478,661$343,326▼ $135,335

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,658$25,561$37,219
Compensation and Service Providers
Top Officer Pay35th 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$308,600
Revenue and Support

Revenue Composition

Contributions and Grants
$309,252
Program Service Revenue
$1,100,499
Investment Income
$24
Other Revenue
$3,722
All Other Contributions
$309,252
Change in Net Assets
$-239,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,554,012
Grants and Similar Amounts Paid$88,462
Salaries, Compensation, and Employee Benefits$10,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$474,601--$474,601
Fees for Services Management$61,720$246,880-$308,600
Occupancy$77,232--$77,232
Grants to Domestic Orgs$67,751--$67,751
Office Expenses$41,658--$41,658
Fees for Services Other$27,201--$27,201
Grants to Domestic Individuals$20,711--$20,711
Depreciation Depletion$12,965--$12,965
Other Salaries and Wages$10,800--$10,800
Conferences and Meetings$7,984--$7,984
Travel$7,817--$7,817
Fees for Services Accounting-$7,104-$7,104
All Other Expenses$5,240--$5,240
Insurance$2,708--$2,708
Other Expenses$1,161--$1,161
Interest$885--$885
Information Technology$524--$524
Total Functional Expenses$1,399,290$253,984$0$1,653,274
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Essentia HealthFargo, ND501(c)(3)General Operations$6,000
YMCA of Cass ClayFargo, ND501(c)(3)General Operations$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,293
Fundraising Gross Income$1,320
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$308,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 $70,000.”

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 11B

“The Board will review the Form 990 prior to filing with the IRS or at the next board meeting following the IRS filing date.”

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
2017-11-15
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
2,500

Preparer

Firm
Eide Bailly Llp
Address
1730 BURNT BOAT LOOP STE100, BISMARCK, ND 58503-0886
Preparer
Lisa Chaffee CPA
Phone
7012551091
Raw XML AppendixShowing 400 of 475 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt041556
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt032037
IRS990/AccountsReceivableGrp/BOYAmt070949
IRS990/AccountsReceivableGrp/EOYAmt034440
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The primary exempt purpose of Fargo Marathon, Inc. is to operate and administer Road Race events, including the Fargo Marathon, the Go Far Woman Run, the Dick Beardsley Marathon and the Fargo Mini Marathon. All of which promote a healthy, physically fit lifestyle and foster amateur sports competition.
IRS990/AdvertisingGrp/ProgramServicesAmt0474601
IRS990/AdvertisingGrp/TotalAmt0474601
IRS990/AllOtherContributionsAmt0309252
IRS990/AllOtherExpensesGrp/ProgramServicesAmt05240
IRS990/AllOtherExpensesGrp/TotalAmt05240
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Mark Knutson
IRS990/BooksInCareOfDetail/PhoneNum07013642786
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 2623
IRS990/BooksInCareOfDetail/USAddress/CityNm0Fargo
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0581082623
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt07984
IRS990/ConferencesMeetingsGrp/TotalAmt07984
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0308600
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0405 West Main Avenue Westgo Square
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0West Fargo
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0ND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd058078
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Go Far Events Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Management Fees
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0309252
IRS990/CYGrantsAndSimilarPaidAmt088462
IRS990/CYInvestmentIncomeAmt024
IRS990/CYOtherExpensesAmt01554012
IRS990/CYOtherRevenueAmt03722
IRS990/CYProgramServiceRevenueAmt01100499
IRS990/CYRevenuesLessExpensesAmt0-239777
IRS990/CYSalariesCompEmpBnftPaidAmt010800
IRS990/CYTotalExpensesAmt01653274
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01413497
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0153280
IRS990/DeferredRevenueGrp/EOYAmt0231054
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt012965
IRS990/DepreciationDepletionGrp/TotalAmt012965
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, Go Far Woman Run, the Dick Beardsley Half Marathon and Fargo Mini Marathon.The twelfth annual Fargo Marathon events were held May 16-21, 2016. Events included a bike race, dog run, youth run, 5K, 10K, half marathon, marathon relays, and a full marathon. There were approximately 21,000 participants across all events.The 4th Annual Go Far Woman Run was held August 20, 2016. Events included a Youth Run, 5K, half marathon, and half marathon relay. There were approximately 1,600 participants across all events. The 2nd Annual Dick Beardsley Marathon Weekend was held on September 10, 2016. There were approximately 1,950 participants across all events, including a Youth Run, 5K, 10K Half Marathon and Full Marathon.The 8th annual Fargo Mini Marathon was held on October 22, 2016. Events included a 5K, 10K, and half marathon. There were approximately 1,900 participants across all events.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt081185
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01399290
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07104
IRS990/FeesForServicesAccountingGrp/TotalAmt07104
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0246880
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt061720
IRS990/FeesForServicesManagementGrp/TotalAmt0308600
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt027201
IRS990/FeesForServicesOtherGrp/TotalAmt027201
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Troy Ivesdal
IRS990/Form990PartVIISectionAGrp/PersonNm1Mark Knutson
IRS990/Form990PartVIISectionAGrp/PersonNm2Mark Sailer
IRS990/Form990PartVIISectionAGrp/PersonNm3Dave Stende
IRS990/Form990PartVIISectionAGrp/PersonNm4Alison Dye
IRS990/Form990PartVIISectionAGrp/PersonNm5Nola McNeally
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President/Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt02293
IRS990/FundraisingGrossIncomeAmt01320
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt088462
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt020711
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt020711
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt067751
IRS990/GrantsToDomesticOrgsGrp/TotalAmt067751
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01415790
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0524
IRS990/InformationTechnologyGrp/TotalAmt0524
IRS990/InsuranceGrp/ProgramServicesAmt02708
IRS990/InsuranceGrp/TotalAmt02708
IRS990/IntangibleAssetsGrp/BOYAmt0117000
IRS990/IntangibleAssetsGrp/EOYAmt0117000
IRS990/InterestGrp/ProgramServicesAmt0885
IRS990/InterestGrp/TotalAmt0885
IRS990/InvestmentIncomeGrp/ExclusionAmt024
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt025561
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05209
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011658
IRS990/LandBldgEquipCostOrOtherBssAmt037219
IRS990/LegalDomicileStateCd0ND
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0251221
IRS990/NetAssetsOrFundBalancesEOYAmt080235
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-973
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-973
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt02543
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt077232
IRS990/OccupancyGrp/TotalAmt077232
IRS990/OfficeExpensesGrp/ProgramServicesAmt041658
IRS990/OfficeExpensesGrp/TotalAmt041658
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05088
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Misc. Race Expenses
IRS990/OtherExpensesGrp/Desc1Medals/Trophies/Prizes
IRS990/OtherExpensesGrp/Desc2Marathon Entertainment
IRS990/OtherExpensesGrp/Desc3Bad Debt
IRS990/OtherExpensesGrp/ProgramServicesAmt0344750
IRS990/OtherExpensesGrp/ProgramServicesAmt1161513
IRS990/OtherExpensesGrp/ProgramServicesAmt272069
IRS990/OtherExpensesGrp/ProgramServicesAmt31161
IRS990/OtherExpensesGrp/TotalAmt0344750
IRS990/OtherExpensesGrp/TotalAmt1161513
IRS990/OtherExpensesGrp/TotalAmt272069
IRS990/OtherExpensesGrp/TotalAmt31161
IRS990/OtherLiabilitiesGrp/BOYAmt032604
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010800
IRS990/OtherSalariesAndWagesGrp/TotalAmt010800
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038992
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01108
IRS990/PrincipalOfficerNm0Mark Knutson
IRS990/PriorPeriodAdjustmentsAmt0-12394
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/RelatedOrExemptFuncIncomeAmt01071583
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127967
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01071583
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127967
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2949
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0305879
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0101460
IRS990/PYInvestmentIncomeAmt098
IRS990/PYOtherExpensesAmt01588479
IRS990/PYOtherRevenueAmt04106
IRS990/PYProgramServiceRevenueAmt01266384
IRS990/PYRevenuesLessExpensesAmt0-122830
IRS990/PYSalariesCompEmpBnftPaidAmt09358
IRS990/PYTotalExpensesAmt01699297
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01576467
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-239777
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01100499
IRS990/RoyaltiesRevenueGrp/ExclusionAmt04695
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt04695
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0241423
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0179120
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt081500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt039371
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt045494
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt044944
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt035185
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0246494
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0309252
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0305879
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0305058
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0257020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0271943
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01449152
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04719
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt098
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0217
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0246
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0284
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05564
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01100499
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01270490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01253633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01248287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01209311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06082220
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01320
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01320
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04719
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt098
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0217
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0246
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05564
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96660
IRS990ScheduleA/PublicSupportPY509Pct00.97030
IRS990ScheduleA/PublicSupportTotal509Amt07286198
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt081500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt039371
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt045494
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt044944
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt035185
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0246494
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01411071
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01576369
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01558691
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01505307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01481254
IRS990ScheduleA/Total509Grp/TotalAmt07532692
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01415790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01576467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01558908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01505553
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01481538
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07538256
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/EquipmentGrp/BookValueAmt011658
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025561
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037219
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011658
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Go Far Christmas
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt020711
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Fargo Marathon collected online donations and then used those donations to purchase Christmas gifts for 21 families in the Churches United Homeless Shelter.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt021
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt06000
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operations
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General Operations
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Essentia Health
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1YMCA of Cass Clay
IRS990ScheduleI/RecipientTable/RecipientEIN0200360007
IRS990ScheduleI/RecipientTable/RecipientEIN1450232096
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03000 32nd Ave SW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 1st Ave S
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Fargo
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Fargo
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd158103
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/Total501c3OrgCnt02
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/TransactionAmt0308600
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.
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 $70,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with the authority to act on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board will review the Form 990 prior to filing with the IRS or at the next board meeting following the IRS filing date.
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 2014. 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/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 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0478661
IRS990/TotalAssetsEOYAmt0343326
IRS990/TotalAssetsGrp/BOYAmt0478661
IRS990/TotalAssetsGrp/EOYAmt0343326
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0309252

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$343,326
Liabilities
$263,091
Net assets
$80,235
Revenue
$1,413,497
Expenses
$1,653,274
Net income
-$239,777
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