Civic Intelligence

Fargo Airsho Inc

990 • Fiscal year 2023 • EIN 45-0440151

Mar 01, 2022 to Feb 28, 2023 • Filed on Jan 11, 2024

3630 Parker Place NFargo, ND 58102

(701) 371-4507

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-433%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2023 filings • 501(c)4 • <$500k nonprofits • Source year 2023

Asset Growth

31st percentile

-8.3%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-99%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$317,138

Down $28,784 (-8.3%) from 2022

Net Assets

Down

$317,138

Down $28,784 (-8.3%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$5,173

Down $882,726 (-99%) from 2022

Expenses

Down

$27,579

Down $760,405 (-97%) from 2022

Net Income

Down

-$22,406

Down $122,321 (-122%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$317,138
Liabilities$0
Net Assets$317,138

Operations Trend

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

2023

Revenue$5,173
Expenses$27,579
Net Income-$22,406
Jump To
Filing Snapshot
Filing Period
Mar 1, 2022 to Feb 28, 2023
Signed
Jan 11, 2024
Return Version
2022v5.0
Gross Receipts
$5,173
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 regional residents and produce tourism activity for 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$326,440$311,236▼ $15,204
Cash and Non-Interest-Bearing Accounts$19,482$5,902▼ $13,580
Total Assets$345,922$317,138▼ $28,784
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$345,922$317,138▼ $28,784
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$345,922$317,138▼ $28,784
Total Liabilities and Net Assets / Fund Balance$345,922$317,138▼ $28,784
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard WalstadPresident
Michael HaugenVice President
Stephen BlazekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,173
Other Revenue
$0
Change in Net Assets
$-22,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,364
Other Expenses$8,215
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$19,364--$19,364
Other Expenses$1,147$0$0$1,147
Office Expenses-$829-$829
Information Technology$657--$657
Total Functional Expenses$26,750$829$0$27,579
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fargo Air MuseumFargo, ND3Support their mission statement$16,807
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
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 are no other committee's

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

The board reviews the Form 990 and approve 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
7013714507
Address
3630 Parker Place N, Fargo, ND 58102

Signing Officer

Name
Stephen Blazek
Title
Treasurer
Phone
7017303258
Signed
2024-01-11

Organization Details

Principal Officer
Steve Blazek
Formed
1996
Legal Domicile
Nd
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3
Raw XML Appendix311 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
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IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum07013714507
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Fargo
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IRS990/GoverningBodyVotingMembersCnt03
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetUnrlzdGainsLossesInvstAmt0-6378
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IRS990/OtherExpensesGrp/Desc2State Annual Filing
IRS990/OtherExpensesGrp/Desc3Miscellaneous Expenses
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IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support their mission statement
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Fargo Air Museum
IRS990ScheduleI/RecipientTable/RecipientEIN0450451637
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01609 19th Ave N
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Fargo
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Schedule 1 Part 1 Line 2 The organizations Board of Directors discuss and decides how funds are to be spent
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board reviews the Form 990 and approve 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 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/USAddress/CityNm0Fargo
IRS990/USAddress/StateAbbreviationCd0ND
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.fargoairsho.com
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0Extension was filed changing due date to January 15, 2024 so therefore not considered a late filing. Since January 15, 2024 is considered a holiday the return is due January 16, 2024
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Blazek
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07017303258
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARGO AIRSHO INC
ReturnHeader/Filer/BusinessNameControlTxt0FARG
ReturnHeader/Filer/EIN0450440151
ReturnHeader/Filer/PhoneNum07013714507
ReturnHeader/Filer/USAddress/AddressLine1Txt03630 Parker Place N
ReturnHeader/Filer/USAddress/CityNm0Fargo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd058102
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-01-13T12:15:44-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-03-01
ReturnHeader/TaxPeriodEndDt02023-02-28
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2023Detailed filing. Detailed filing data is available for this year.$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