Civic Intelligence

Fargo Airsho Inc

990 • Fiscal year 2015 • EIN 45-0440151

Mar 01, 2014 to Feb 28, 2015 • Filed on Oct 02, 2015

Organization ProfileWWW.FARGOAIRSHO.COM
2822 27th Street SouthFargo, ND 58103

(701) 219-9233

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

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

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

100th percentile

66.67x

Higher debt load relative to revenue than 100% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-186147%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Asset Growth

17th percentile

-18%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-69%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$150,953

Down $32,042 (-18%) from 2014

Net Assets

Down

$149,953

Down $32,042 (-18%) from 2014

Liabilities

Flat

$1,000

Flat from 2014

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$15

Down $34 (-69%) from 2014

Expenses

Up

$27,937

Up $273 (+1.0%) from 2014

Net Income

Down

-$27,922

Down $307 (-1.1%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$800K$600K$400K$200K$0Assets 2011: $142,372Liabilities 2011: $6,500Net Assets 2011: $135,8722011Assets 2012: $217,966Liabilities 2012: $0Net Assets 2012: $217,9662012Assets 2013: $207,947Liabilities 2013: $1,000Net Assets 2013: $206,9472013Assets 2014: $182,995Liabilities 2014: $1,000Net Assets 2014: $181,9952014Assets 2015: $150,953Liabilities 2015: $1,000Net Assets 2015: $149,9532015Assets 2016: $276,739Liabilities 2016: $0Net Assets 2016: $276,7392016Assets 2017: $280,821Liabilities 2017: $0Net Assets 2017: $280,8212017Assets 2018: $250,794Liabilities 2018: $36,511Net Assets 2018: $214,2832018Assets 2019: $351,339Liabilities 2019: $0Net Assets 2019: $351,3392019Assets 2020: $218,814Liabilities 2020: $0Net Assets 2020: $218,8142020Assets 2021: $240,651Liabilities 2021: $45,480Net Assets 2021: $195,1712021Assets 2022: $345,922Liabilities 2022: $0Net Assets 2022: $345,9222022Assets 2023: $317,138Liabilities 2023: $0Net Assets 2023: $317,1382023Assets 2024: $295,968Liabilities 2024: $46,750Net Assets 2024: $249,2182024Assets 2025: $628,990Liabilities 2025: $0Net Assets 2025: $628,9902025

Highlighted filing

2015

Assets$150,953
Liabilities$1,000
Net Assets$149,953
Open 2015 Filing

Operations Trend

Revenue Growth4th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $11,665Expenses 2011: $45,674Net Income 2011: -$34,0092011Expenses 2012: $504,5552012Expenses 2013: $42,7372013Revenue 2014: $49Expenses 2014: $27,664Net Income 2014: -$27,6152014Revenue 2015: $15Expenses 2015: $27,937Net Income 2015: -$27,9222015Revenue 2016: $728,031Expenses 2016: $579,337Net Income 2016: $148,6942016Revenue 2017: $10,039Expenses 2017: $17,578Net Income 2017: -$7,5392017Revenue 2018: $2,620Expenses 2018: $44,596Net Income 2018: -$41,9762018Revenue 2019: $786,369Expenses 2019: $669,613Net Income 2019: $116,7562019Revenue 2020: $472,347Expenses 2020: $1,201,547Net Income 2020: -$729,2002020Revenue 2021: $6,561Expenses 2021: $28,958Net Income 2021: -$22,3972021Revenue 2022: $887,899Expenses 2022: $787,984Net Income 2022: $99,9152022Revenue 2023: $5,173Expenses 2023: $27,579Net Income 2023: -$22,4062023Revenue 2024: $10,453Expenses 2024: $66,542Net Income 2024: -$56,0892024Revenue 2025: $1,377,645Expenses 2025: $997,873Net Income 2025: $379,7722025

Highlighted filing

2015

Revenue$15
Expenses$27,937
Net Income-$27,922
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2014 to Feb 28, 2015
Signed
Oct 2, 2015
Return Version
2014v5.0
Gross Receipts
$15
Mission and Program Overview

Mission

The purpose of the air show is to provide entertainment for area and regional residents and produce tourism activity for the Fargo area. Another purpose of the air show is to provide education and aircraft history for the public.

The purpose of the air show is to provide entertainment for area and region residents, and produce tourism activity for the fargo area. Another purpose of the air show is to provide education and aircraft history for the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$134,545$123,021▼ $11,524
Prepaid Expenses and Deferred Charges$12,679$13,205▲ $526
Cash and Non-Interest-Bearing Accounts$2,412$11,580▲ $9,168
Savings and Temporary Cash Investments$33,359$3,147▼ $30,212
Total Assets$182,995$150,953▼ $32,042
Liabilities
Deferred Revenue$1,000$1,000→ $0
Total Liabilities$1,000$1,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$181,995$149,953▼ $32,042
Total Net Assets Fund Balance$181,995$149,953▼ $32,042
Total Liabilities and Net Assets / Fund Balance$182,995$150,953▼ $32,042
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
Richard WalstadPresident
Darrol SchroederVice President
Michael HaugenVice President
Steve BlazekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-27,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,437
Grants and Similar Amounts Paid$6,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,300--$6,300
Office Expenses-$3,014-$3,014
Information Technology$376--$376
Grants to Domestic Individuals$200--$200
Other Expenses$167--$167
Total Functional Expenses$24,923$3,014$0$27,937
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fargo Air MuseumFargo, ND501(c)(3)$800 FOR AN AUCTION TABLE AND $5,000 FOR A MEMORIAL.$5,800
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
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
No

Governance Explanations

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

“There is no other committee.”

Form 990, Part VI, Section B, Line 11

“The board will review the form 990 and approve it before it is filed with the irs.”

Form 990, Part VI, Section C, Line 19

“The documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fargo Airsho Inc
EIN
45-0440151
Phone
7012199233
Address
2822 27TH STREET SOUTH, FARGO, ND 58103

Signing Officer

Name
Richard Walstad
Title
President
Phone
7012199233
Signed
2015-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Walstad
Formed
1996
Legal Domicile
Nd
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
10

Preparer

Firm
Fiebiger Swanson West & Copllp
Address
2537 S UNIVERSITY DR STE 200, FARGO, ND 58103
Preparer
Ralph Hansen CPA
Phone
7012802100
Raw XML Appendix283 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE PURPOSE OF THE AIR SHOW IS TO PROVIDE ENTERTAINMENT FOR AREA AND REGION RESIDENTS, AND PRODUCE TOURISM ACTIVITY FOR THE FARGO AREA. ANOTHER PURPOSE OF THE AIR SHOW IS TO PROVIDE EDUCATION AND AIRCRAFT HISTORY FOR THE PUBLIC.
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RICHARD WALSTAD
IRS990/BooksInCareOfDetail/PhoneNum07012353895
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02822 27TH ST S
IRS990/BooksInCareOfDetail/USAddress/CityNm0FARGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
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IRS990/Form990PartVIISectionAGrp/PersonNm3DARROL SCHROEDER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt06300
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IRS990/GrantsToIndividualsInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0376
IRS990/InformationTechnologyGrp/TotalAmt0376
IRS990/InvestmentIncomeGrp/ExclusionAmt015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0134545
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0123021
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0ND
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF THE AIR SHOW IS TO PROVIDE ENTERTAINMENT FOR AREA AND REGIONAL RESIDENTS, AND PRODUCE TOURISM ACTIVITY FOR THE FARGO AREA. ANOTHER PURPOSE OF THE AIR SHOW IS TO PROVIDE EDUCATION AND AIRCRAFT HISTORY FOR THE PUBLIC.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0181995
IRS990/NetAssetsOrFundBalancesEOYAmt0149953
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4120
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt03014
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ICAS & EDUCATION
IRS990/OtherExpensesGrp/Desc1BLUE ANGELS EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
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IRS990/OtherExpensesGrp/ProgramServicesAmt1341
IRS990/OtherExpensesGrp/ProgramServicesAmt2167
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IRS990/OtherExpensesGrp/TotalAmt1341
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYTotalExpensesAmt027664
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IRS990/ReconcilationRevenueExpnssAmt0-27922
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/RevenueAmt00
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05800
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0$800 FOR AN AUCTION TABLE AND $5,000 FOR A MEMORIAL.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FARGO AIR MUSEUM
IRS990ScheduleI/RecipientTable/RecipientEIN0450451637
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01609 19TH AVENUE NORTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FARGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058102
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS DISCUSSES AND DECIDES HOW FUNDS ARE TO BE SPENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS NO OTHER COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW THE FORM 990 AND APPROVE IT BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0150953
IRS990/TotalAssetsGrp/BOYAmt0182995
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IRS990/USAddress/CityNm0FARGO
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058103
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.FARGOAIRSHO.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD WALSTAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07012199233
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARGO AIRSHO INC
ReturnHeader/Filer/BusinessNameControlTxt0FARG
ReturnHeader/Filer/EIN0450440151
ReturnHeader/Filer/PhoneNum07012199233
ReturnHeader/Filer/USAddress/AddressLine1Txt02822 27TH STREET SOUTH
ReturnHeader/Filer/USAddress/CityNm0FARGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058103
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0416134264
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FIEBIGER SWANSON WEST & COPLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02537 S UNIVERSITY DR STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd058103
ReturnHeader/PreparerPersonGrp/PhoneNum07012802100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RALPH HANSEN CPA
ReturnHeader/ReturnTs02015-10-12T12:37:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-03-01
ReturnHeader/TaxPeriodEndDt02015-02-28
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$150,953
Liabilities
$1,000
Net assets
$149,953
Revenue
$15
Expenses
$27,937
Net income
-$27,922
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$1.38$1.00$0.38
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.05$0.25$0.01$0.07$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.00$0.32$0.01$0.03$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.00$0.35$0.89$0.79$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.05$0.20$0.01$0.03$0.02
2020Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$0.47$1.20$0.73
2019Summary only. Only limited summary data is available for this year.$0.35$0.00$0.35$0.79$0.67$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.04$0.21$0.00$0.04$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.01$0.02$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.73$0.58$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.00$0.03$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.00$0.03$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.01$0.14$0.01$0.05$0.03