Civic Intelligence

Red River Valley Fair Association

990 • Fiscal year 2025 • EIN 45-0227733

Nov 01, 2024 to Oct 31, 2025 • Filed on Mar 10, 2026

Organization ProfileWWW.REDRIVERVALLEYFAIR.COM

View Organization Page

1805 Main Ave WestWest Fargo, ND 58078

(701) 282-2200

Siviq Scores

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

Liabilities / Assets

85th percentile

0.22x

Higher debt load relative to assets than 85% of similar nonprofits.

2025 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

0.28x

Higher debt load relative to revenue than 83% of similar nonprofits.

2025 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2025

Net Margin

35th percentile

6.3%

Higher net margin than 35% of similar nonprofits.

2025 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

42nd percentile

$226,136

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2025 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2025

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

2025 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

4th percentile

-12%

Faster revenue growth than 4% of similar nonprofits.

2025 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$10,533,997

Up $1,383,165 (+15%) from 2024

Net Assets

Up

$8,229,141

Up $1,254,024 (+18%) from 2024

Liabilities

Up

$2,304,856

Up $129,141 (+5.9%) from 2024

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin35th percentile

Revenue

Down

$8,292,573

Down $1,173,839 (-12%) from 2024

Expenses

Down

$7,773,549

Down $1,424,980 (-15%) from 2024

Net Income

Up

$519,024

Up $251,141 (+94%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$15M$10M$5.0M$0Assets 2011: $4,023,118Liabilities 2011: $1,357,288Net Assets 2011: $2,665,8302011Assets 2012: $5,943,468Liabilities 2012: $2,945,750Net Assets 2012: $2,997,7182012Assets 2013: $6,219,451Liabilities 2013: $2,962,114Net Assets 2013: $3,257,3372013Assets 2014: $6,452,314Liabilities 2014: $2,992,543Net Assets 2014: $3,459,7712014Assets 2015: $6,948,731Liabilities 2015: $3,409,156Net Assets 2015: $3,539,5752015Assets 2016: $7,005,392Liabilities 2016: $3,440,429Net Assets 2016: $3,564,9632016Assets 2017: $6,753,211Liabilities 2017: $3,156,664Net Assets 2017: $3,596,5472017Assets 2018: $6,739,631Liabilities 2018: $2,895,668Net Assets 2018: $3,843,9632018Assets 2019: $6,396,829Liabilities 2019: $2,738,937Net Assets 2019: $3,657,8922019Assets 2020: $6,061,014Liabilities 2020: $2,294,970Net Assets 2020: $3,766,0442020Assets 2021: $7,747,518Liabilities 2021: $4,017,077Net Assets 2021: $3,730,4412021Assets 2022: $8,063,580Liabilities 2022: $1,676,858Net Assets 2022: $6,386,7222022Assets 2023: $8,178,644Liabilities 2023: $1,471,410Net Assets 2023: $6,707,2342023Assets 2024: $9,150,832Liabilities 2024: $2,175,715Net Assets 2024: $6,975,1172024Assets 2025: $10,533,997Liabilities 2025: $2,304,856Net Assets 2025: $8,229,1412025

Highlighted filing

2025

Assets$10,533,997
Liabilities$2,304,856
Net Assets$8,229,141
Open 2025 Filing

Operations Trend

Revenue Growth4th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $2,501,0692011Expenses 2012: $2,749,6952012Expenses 2013: $2,704,2462013Revenue 2014: $3,234,783Expenses 2014: $3,032,349Net Income 2014: $202,4342014Revenue 2015: $3,241,756Expenses 2015: $3,161,951Net Income 2015: $79,8052015Revenue 2016: $3,399,040Expenses 2016: $3,373,652Net Income 2016: $25,3882016Revenue 2017: $3,218,434Expenses 2017: $3,186,850Net Income 2017: $31,5842017Revenue 2018: $3,507,454Expenses 2018: $3,260,038Net Income 2018: $247,4162018Revenue 2019: $3,065,471Expenses 2019: $3,251,542Net Income 2019: -$186,0712019Revenue 2020: $3,497,687Expenses 2020: $3,389,535Net Income 2020: $108,1522020Revenue 2021: $1,718,734Expenses 2021: $1,754,337Net Income 2021: -$35,6032021Revenue 2022: $7,102,343Expenses 2022: $6,409,982Net Income 2022: $692,3612022Revenue 2023: $8,650,985Expenses 2023: $8,330,473Net Income 2023: $320,5122023Revenue 2024: $9,466,412Expenses 2024: $9,198,529Net Income 2024: $267,8832024Revenue 2025: $8,292,573Expenses 2025: $7,773,549Net Income 2025: $519,0242025

Highlighted filing

2025

Revenue$8,292,573
Expenses$7,773,549
Net Income$519,024
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2024 to Oct 31, 2025
Signed
Mar 10, 2026
Return Version
2024v5.5
Gross Receipts
$8,292,573
Mission and Program Overview

Mission

To promote, foster, operate and maintain a fair, agricultural and livestock exposition, annually, at the red river valley fairgrounds, west fargo, cass county, north dakota

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,778,332$9,213,594▲ $435,262
Cash and Non-Interest-Bearing Accounts$103,288$266,450▲ $163,162
Accounts Receivable$210,405$180,015▼ $30,390
Prepaid Expenses and Deferred Charges$58,807$60,121▲ $1,314
Intangible Assets-$12,697-
Total Assets$9,150,832$10,533,997▲ $1,383,165
Other Assets Total$0$801,120▲ $801,120
Liabilities
Mortgage Notes Payable Secured by Investment Property$899,881$1,952,392▲ $1,052,511
Accounts Payable and Accrued Expenses$1,023,897$193,027▼ $830,870
Deferred Revenue$251,937$159,437▼ $92,500
Total Liabilities$2,175,715$2,304,856▲ $129,141
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,975,117$8,229,141▲ $1,254,024
Total Net Assets Fund Balance$6,975,117$8,229,141▲ $1,254,024
Total Liabilities and Net Assets / Fund Balance$9,150,832$10,533,997▲ $1,383,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,610,879$5,957,020$13,567,899
Equipment$808,269$1,580,547$2,388,816
Land$794,446-$794,446
Other Assets Org$3,400--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cody CashmanGeneral ManagerFT$192,115$34,021$226,136
Cheryl Herre-altizerCFO (left Aug, 2025)FT$109,362$23,878$133,240

Board Members and Trustees

NameTitle
Chris HeisePresident
Jeff MisslingEx Member/sec/treas (4/2025)
Ben FransonExecutive Member
Jerri RustExecutive Member
Jerry RaguseExecutive Member
Erik RamstadExecutive Member(left 4/2025)
Keith GohdesExecutive Member/VP (4/2025)
Jonathan GaraasLegal Council
Alisha Nord DonnellyMember
Andy LevosMember
Ben ZieglerMember
Bill HoffmannMember
Bob MillerMember
Charline KingMember
Darnell LundstromMember
Dave LarsonMember
David CookMember
Duane HauckMember
Eddie BernhardsonMember
Glenn EllingsbergMember
Jay ThomasMember
Jay TitusMember
Jonathan HauxMember
Larry ThompsonMember
Lauren PranteMember
Leroy JohnsonMember
Lois SullivanMember
Lori LieblMember
Mary McintyreMember
Mary MorkenMember
Mike FaughtMember
Monte GehrtzMember
Patrick SkunesMember
Phillip KellerMember
Ralph ThompsonMember
Renee AtkinsonMember
Rhonda BensonMember
Richard HolwegerMember
Roger ArztMember
Scott PaulMember
Shannon FullMember
Shirley MoenMember
Todd HansenMember
Vern HofmanMember
Ilene McleanMember (left 4/2025)
Janic RustadMember (left 4/2025)
Bethany HardwigMember (started 4/2025)
Derrik EllingsonMember (started 4/2025)
Justin GustofsonMember (started 4/2025)
Scott AhlfMember (started 4/2025)
Dan CashMember/executive Member (4/2025)
Dean KrogenSec/tres/executive Member (4/2025)
Robert RasmussenVP/executive Member (4/2025)

Highest Paid Contractors

ContractorServicesLocationCompensation
Missina Touring Group LLCEntertainment6836 BEE CAVE RD BLDG III STE 300, Austin, TX 78746$1,100,000
Bb Touring LLCEntertainment25B VREELAND RD STE 104, Florham Park, NJ 07932$350,000
Sosume Touring INCEntertainment3130 WILSHIRE BLVD 600, Santa Monica, CA 90403$200,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,217,613
Program Service Revenue
$5,465,454
Investment Income
$24,112
Other Revenue
$585,394
All Other Contributions
$967,631
Change in Net Assets
$519,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,006,023
Salaries, Compensation, and Employee Benefits$1,767,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,174,834
Depreciation Depletion---$745,175
All Other Expenses---$722,141
Advertising---$438,321
Current Officers, Directors, Trustees, and Key Employees---$344,311
Office Expenses---$282,321
Occupancy---$264,121
Other Expenses---$203,080
Insurance---$158,837
Payroll Taxes---$115,851
Interest---$103,167
Other Employee Benefits---$102,315
Fees for Services Other---$55,925
Pension Plan Contributions---$30,215
Travel---$20,198
Fees for Services Accounting---$10,381
Conferences and Meetings---$4,027
Information Technology---$1,669
Total Functional Expenses$0$0$0$7,773,549
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The total board can consist of up to 50 members. Within this 50 member board is the executive committee which cosists of 9 members. Any decisions that do not bind the fair association for more than 3 years can be voted on just by the executive committee. Anything over 3 years must go to the 50 member board.”

Form 990, Part VI, Section A, Line 2

“Lori liebl and roger arzt - family relationship”

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

“Once the return is completed and submitted to the association, it is presented to the board for review and approval.”

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

“Each year the board members complete the conflict of interest statement and if there are questions, they are discussed.”

Form 990, Part VI, Section B, Line 15A

“Each year the president of the board has each of the 9 members of the executive committee complete an evaluation of the general manager. Then the executive committee meets with the general manager to go over their evaluation. Compensation for the general manager is discussed at the organizational meeting of the board in november each year.”

Form 990, Part VI, Section C, Line 19

“Anytime there is a request for the information, it is provided in a timely manner.”

Filing and Contact Details

Filer

Filer Name
Red River Valley Fair Association
EIN
45-0227733
Phone
7012822200
Address
1805 MAIN AVE WEST, WEST FARGO, ND 58078

Signing Officer

Name
Chris Heise
Title
President
Phone
7012822200
Signed
2026-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Heise
Formed
1905
Legal Domicile
Nd
Voting Board Members
50
Independent Board Members
50
Employees
145
Volunteers
25

Preparer

Firm
Brady Martz Pllc
Address
2537 S UNIVERSITY DRIVE, FARGO, ND 58103
Preparer
Sara Lynch CPA
Phone
7012802100
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 782 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/ActivityOrMissionDesc0TO PROMOTE, FOSTER, OPERATE AND MAINTAIN A FAIR, AGRICULTURAL AND LIVESTOCK EXPOSITION, ANNUALLY, AT THE RED RIVER VALLEY FAIRGROUNDS, WEST FARGO, CASS COUNTY, NORTH DAKOTA
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IRS990/Form990PartVIISectionAGrp/PersonNm1DUANE HAUCK
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS HEISE
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY MORKEN
IRS990/Form990PartVIISectionAGrp/PersonNm4JERRY RAGUSE
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT RASMUSSEN
IRS990/Form990PartVIISectionAGrp/PersonNm6ROGER ARZT
IRS990/Form990PartVIISectionAGrp/PersonNm7RENEE ATKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm8RHONDA BENSON
IRS990/Form990PartVIISectionAGrp/PersonNm9EDDIE BERNHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm10ALISHA NORD DONNELLY
IRS990/Form990PartVIISectionAGrp/PersonNm11GLENN ELLINGSBERG
IRS990/Form990PartVIISectionAGrp/PersonNm12MIKE FAUGHT
IRS990/Form990PartVIISectionAGrp/PersonNm13JONATHAN GARAAS
IRS990/Form990PartVIISectionAGrp/PersonNm14KEITH GOHDES
IRS990/Form990PartVIISectionAGrp/PersonNm15JONATHAN HAUX
IRS990/Form990PartVIISectionAGrp/PersonNm16BILL HOFFMANN
IRS990/Form990PartVIISectionAGrp/PersonNm17RICHARD HOLWEGER
IRS990/Form990PartVIISectionAGrp/PersonNm18BOB MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm19LEROY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm20JAY THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm21CHARLINE KING
IRS990/Form990PartVIISectionAGrp/PersonNm22DEAN KROGEN
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVE LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm24ANDY LEVOS
IRS990/Form990PartVIISectionAGrp/PersonNm25DARNELL LUNDSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm26JEFF MISSLING
IRS990/Form990PartVIISectionAGrp/PersonNm27SHIRLEY MOEN
IRS990/Form990PartVIISectionAGrp/PersonNm28SCOTT PAUL
IRS990/Form990PartVIISectionAGrp/PersonNm29LAUREN PRANTE
IRS990/Form990PartVIISectionAGrp/PersonNm30LORI LIEBL
IRS990/Form990PartVIISectionAGrp/PersonNm31LOIS SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm32LARRY THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm33RALPH THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm34JAY TITUS
IRS990/Form990PartVIISectionAGrp/PersonNm35PATRICK SKUNES
IRS990/Form990PartVIISectionAGrp/PersonNm36MARY MCINTYRE
IRS990/Form990PartVIISectionAGrp/PersonNm37BEN FRANSON
IRS990/Form990PartVIISectionAGrp/PersonNm38JERRI RUST
IRS990/Form990PartVIISectionAGrp/PersonNm39SHANNON FULL
IRS990/Form990PartVIISectionAGrp/PersonNm40DAN CASH
IRS990/Form990PartVIISectionAGrp/PersonNm41TODD HANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm42MONTE GEHRTZ
IRS990/Form990PartVIISectionAGrp/PersonNm43PHILLIP KELLER
IRS990/Form990PartVIISectionAGrp/PersonNm44DAVID COOK
IRS990/Form990PartVIISectionAGrp/PersonNm45BEN ZIEGLER
IRS990/Form990PartVIISectionAGrp/PersonNm46SCOTT AHLF
IRS990/Form990PartVIISectionAGrp/PersonNm47DERRIK ELLINGSON
IRS990/Form990PartVIISectionAGrp/PersonNm48JUSTIN GUSTOFSON
IRS990/Form990PartVIISectionAGrp/PersonNm49BETHANY HARDWIG
IRS990/Form990PartVIISectionAGrp/PersonNm50ILENE MCLEAN
IRS990/Form990PartVIISectionAGrp/PersonNm51ERIK RAMSTAD
IRS990/Form990PartVIISectionAGrp/PersonNm52JANIC RUSTAD
IRS990/Form990PartVIISectionAGrp/PersonNm53CODY CASHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm54CHERYL HERRE-ALTIZER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt500
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt54109362
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,533,997
Liabilities
$2,304,856
Net assets
$8,229,141
Revenue
$8,292,573
Expenses
$7,773,549
Net income
$519,024
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.5$2.30$8.23$8.29$7.77$0.52
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.15$2.18$6.98$9.47$9.20$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.18$1.47$6.71$8.65$8.33$0.32
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.06$1.68$6.39$7.10$6.41$0.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.75$4.02$3.73$1.72$1.75$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$2.29$3.77$3.50$3.39$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$2.74$3.66$3.07$3.25$0.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.74$2.90$3.84$3.51$3.26$0.25
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.75$3.16$3.60$3.22$3.19$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.01$3.44$3.56$3.40$3.37$0.03
2015Detailed filing. Detailed filing data is available for this year.$6.95$3.41$3.54$3.24$3.16$0.08
2014Detailed filing. Detailed filing data is available for this year.$6.45$2.99$3.46$3.23$3.03$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$2.96$3.26$2.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.94$2.95$3.00$2.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$1.36$2.67$2.50
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2025 filings • 501(c)5 • $10M-$25M nonprofits