Civic Intelligence

Fargo Moorhead Labor Temple Assoc

EIN 45-0309507 • 501(c)2 • Fargo, ND

Profile

Provide facilties for trades and labor unions

3002 1st Ave NFargo, ND 58102

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.00x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Net Margin

90th percentile

95%

Higher net margin than 90% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

31%

Faster asset growth than 95% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

1421%

Faster revenue growth than 99% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$406,651

Up $96,667 (+31%) from 2020

Liabilities

Down

$184

Down $44,816 (-100%) from 2020

Net Assets

Up

$406,467

Up $141,483 (+53%) from 2020

Revenue

Up

$149,622

Up $139,785 (+1421%) from 2020

Expenses

Up

$7,761

Up $3,574 (+85%) from 2020

Net Income

Up

$141,861

Up $136,211 (+2411%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2011: $288,155Liabilities 2011: $0Net Assets 2011: $288,1552011Assets 2012: $291,767Liabilities 2012: $0Net Assets 2012: $291,7672012Assets 2013: $297,437Liabilities 2013: $0Net Assets 2013: $297,4372013Assets 2014: $297,423Liabilities 2014: $0Net Assets 2014: $297,4232014Assets 2015: $296,845Liabilities 2015: $0Net Assets 2015: $296,8452015Assets 2016: $299,583Liabilities 2016: $914Net Assets 2016: $298,6692016Assets 2017: $281,927Liabilities 2017: -$1,005Net Assets 2017: $282,9322017Assets 2018: $252,587Liabilities 2018: $0Net Assets 2018: $252,5872018Assets 2019: $259,332Liabilities 2019: $0Net Assets 2019: $259,3322019Assets 2020: $309,984Liabilities 2020: $45,000Net Assets 2020: $264,9842020Assets 2021: $406,651Liabilities 2021: $184Net Assets 2021: $406,4672021

Highlighted filing

2021

Assets$406,651
Liabilities$184
Net Assets$406,467

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $6,164Expenses 2011: $4,351Net Income 2011: $1,8132011Revenue 2012: $7,682Expenses 2012: $4,067Net Income 2012: $3,6152012Revenue 2013: $10,606Expenses 2013: $4,937Net Income 2013: $5,6692013Revenue 2014: $5,783Expenses 2014: $5,798Net Income 2014: -$152014Revenue 2015: $5,627Expenses 2015: $6,205Net Income 2015: -$5782015Revenue 2016: $7,793Expenses 2016: $5,967Net Income 2016: $1,8262016Revenue 2017: -$6,085Expenses 2017: $4,853Net Income 2017: -$10,9382017Revenue 2018: -$23,740Expenses 2018: $6,604Net Income 2018: -$30,3442018Revenue 2019: $10,662Expenses 2019: $3,917Net Income 2019: $6,7452019Revenue 2020: $9,837Expenses 2020: $4,187Net Income 2020: $5,6502020Revenue 2021: $149,622Expenses 2021: $7,761Net Income 2021: $141,8612021

Highlighted filing

2021

Revenue$149,622
Expenses$7,761
Net Income$141,861

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 26, 2022
Return Version
2021v4.1
Gross Receipts
$360,835
Mission and Program Overview

Mission

Provide facilties for trades and labor unions

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$264,984$406,467▲ $141,483
Cash and Non-Interest-Bearing Accounts$123,451$405,847▲ $282,396
Land, Buildings, and Equipment, Net$165,234--
Savings and Temporary Cash Investments$15,764--
Accounts Receivable$5,535$804▼ $4,731
Total Assets$309,984$406,651▲ $96,667
Liabilities
Mortgage Notes Payable Secured by Investment Property$45,000--
Accounts Payable and Accrued Expenses-$184-
Total Liabilities$45,000$184▼ $44,816
Net Assets / Fund Balance
Total Net Assets Fund Balance$264,984$406,467▲ $141,483
Total Liabilities and Net Assets / Fund Balance$309,984$406,651▲ $96,667
Compensation and Service Providers

Employees

NameTitleBaseTotal
Terry JonesFinancial Secretary$4,575$4,575

Board Members and Trustees

NameTitle
Mark WasfaretPresident
Dan JacksonTrustee
Erik BrekkeTrustee
Joel HoffmanTrustee
Heather DickRecording Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$143,932
Other Revenue
$5,690
Change in Net Assets
$141,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,401
Other Expenses$2,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$4,575$0$4,575
Fees for Services Legal$0$1,050$0$1,050
Payroll Taxes$0$826$0$826
Office Expenses$0$742$0$742
Fees for Services Accounting$0$510$0$510
Interest$0$58$0$58
Total Functional Expenses$0$7,761$0$7,761
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
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Fargo Moorhead Labor Temple Assoc
EIN
45-0309507
Phone
7012323215
Address
3002 1ST AVE N, FARGO, ND 58102

Signing Officer

Name
Terry Jones
Title
Officer
Phone
7012323215
Signed
2022-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Jones
Formed
1974
Legal Domicile
Nd
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Bryce Anderson & Associates PLLC
Address
1461 Broadway Ste 103, Fargo, ND 58102
Preparer
Bryce Anderson CPA
Phone
7012937727
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The organization owns a building which it rents to tenants which are labor unions and who are the only members

Pt VI, Line 7A

The members as described in pt vi-a, line 6 elect members to the governing body

Pt VI, Line 7B

The members as described in pt vi-a, line 6 are the elected governing body and review and approve all decisions

Pt VI, Line 11B

The governing body receives a copy of form 990 and reviews it for correctness and questions before approving for filing

Pt VI, Line 15A

The key employees receive reasonable compensation based on market rates for comparable employees

Pt VI, Line 15B

The key employees receive reasonable compenation based on market rates for comparable employees

Pt XI

ROUNDING

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS AS DESCRIBED IN PT VI-A, LINE 6 ELECT MEMBERS TO THE GOVERNING BODY
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ReturnHeader/PreparerPersonGrp/PhoneNum07012937727
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYCE ANDERSON CPA
ReturnHeader/ReturnTs02022-10-27T11:06:50-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JONES
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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