Civic Intelligence

Fargo Air Museum

990 • Fiscal year 2018 • EIN 45-0451637

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

1609 19th Avenue NorthFargo, ND 58102

(701) 293-8043

Siviq Scores

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

Liabilities / Assets

60th percentile

0.11x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.60x

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

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Net Margin

27th percentile

-4.7%

Higher net margin than 27% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$90,283

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2018 filings • NTEE A • $1M-$5M nonprofits • Source year 2018

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

11%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,036,838

Up $404,037 (+11%) from 2017

Net Assets

Down

$3,597,510

Down $34,012 (-0.9%) from 2017

Liabilities

Up

$439,328

Up $438,049 (+34249%) from 2017

Revenue

Up

$733,081

Up $72,410 (+11%) from 2017

Expenses

Up

$767,332

Up $77,495 (+11%) from 2017

Net Income

Down

-$34,251

Down $5,085 (-17%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,301,642Liabilities 2011: $38,211Net Assets 2011: $2,263,4312011Assets 2012: $2,759,222Liabilities 2012: $19,295Net Assets 2012: $2,739,9272012Assets 2013: $3,731,695Liabilities 2013: $430,748Net Assets 2013: $3,300,9472013Assets 2014: $3,570,159Liabilities 2014: $10,255Net Assets 2014: $3,559,9042014Assets 2015: $3,778,146Liabilities 2015: $15,033Net Assets 2015: $3,763,1132015Assets 2016: $3,657,511Liabilities 2016: $7,806Net Assets 2016: $3,649,7052016Assets 2017: $3,632,801Liabilities 2017: $1,279Net Assets 2017: $3,631,5222017Assets 2018: $4,036,838Liabilities 2018: $439,328Net Assets 2018: $3,597,5102018Assets 2019: $4,059,424Liabilities 2019: $427,217Net Assets 2019: $3,632,2072019Assets 2020: $4,021,523Liabilities 2020: $443,187Net Assets 2020: $3,578,3362020Assets 2021: $3,974,991Liabilities 2021: $416,843Net Assets 2021: $3,558,1482021Assets 2022: $3,408,810Liabilities 2022: $341,467Net Assets 2022: $3,067,3432022Assets 2023: $3,337,301Liabilities 2023: $360,773Net Assets 2023: $2,976,5282023Assets 2024: $3,374,260Liabilities 2024: $331,348Net Assets 2024: $3,042,9122024

Highlighted filing

2018

Assets$4,036,838
Liabilities$439,328
Net Assets$3,597,510

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $379,652Expenses 2011: $307,341Net Income 2011: $72,3112011Expenses 2012: $324,3472012Revenue 2013: $959,980Expenses 2013: $398,959Net Income 2013: $561,0212013Revenue 2014: $748,155Expenses 2014: $489,197Net Income 2014: $258,9582014Revenue 2015: $885,167Expenses 2015: $681,963Net Income 2015: $203,2042015Revenue 2016: $568,272Expenses 2016: $681,675Net Income 2016: -$113,4032016Revenue 2017: $660,671Expenses 2017: $689,837Net Income 2017: -$29,1662017Revenue 2018: $733,081Expenses 2018: $767,332Net Income 2018: -$34,2512018Revenue 2019: $792,478Expenses 2019: $758,981Net Income 2019: $33,4972019Revenue 2020: $593,355Expenses 2020: $552,225Net Income 2020: $41,1302020Revenue 2021: $787,514Expenses 2021: $807,702Net Income 2021: -$20,1882021Revenue 2022: $699,525Expenses 2022: $876,200Net Income 2022: -$176,6752022Revenue 2023: $833,241Expenses 2023: $925,156Net Income 2023: -$91,9152023Revenue 2024: $949,304Expenses 2024: $877,399Net Income 2024: $71,9052024

Highlighted filing

2018

Revenue$733,081
Expenses$767,332
Net Income-$34,251
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$762,974
Mission and Program Overview

Mission

Educate public about aviation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,249,385$3,720,708▲ $471,323
Rtn Earn Endowment Incm Other Fnds$3,631,522$3,597,510▼ $34,012
Cash and Non-Interest-Bearing Accounts$244,267$266,118▲ $21,851
Inventories for Sale or Use$18,181$18,181→ $0
Accounts Receivable$1,200$5,685▲ $4,485
Intangible Assets$698$2,670▲ $1,972
Prepaid Expenses and Deferred Charges$1,197$1,695▲ $498
Total Assets$3,632,801$4,036,838▲ $404,037
Other Assets Total$117,873$21,781▼ $96,092
Liabilities
Other Liabilities$1,279$438,680▲ $437,401
Accounts Payable and Accrued Expenses-$648-
Total Liabilities$1,279$439,328▲ $438,049
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,631,522$3,597,510▼ $34,012
Total Liabilities and Net Assets / Fund Balance$3,632,801$4,036,838▲ $404,037

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,046,115$564,109$2,610,224
Other Land Buildings$1,617,733-$1,617,733
Equipment$14,838$190,285$205,123
Leasehold Improvements$42,022$14,591$56,613
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jackie WilliamsExecutive DirectorFT$90,283$90,283

Board Members and Trustees

NameTitle
Jim SweeneyChairman
Dick SpringerPast Chairman
Paul BernabucciVice Chairman
Brett BrudvikDirector
Casey OdegaardDirector
Kelly PerhusDirector
Robert MillerDirector
Shawn AndersonDirector
Tim McphersonDirector
Jon ScraperMember at Large
Sherry HeyerSecretary
Brewer DoranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$577,612
Program Service Revenue
$67,522
Investment Income
$-13,000
Other Revenue
$100,947
All Other Contributions
$577,612
Change in Net Assets
$-34,251

Noncash Contribution Practices

Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$126,962Fair Market Value
Total Noncash Contributions1$126,962-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$522,220
Salaries, Compensation, and Employee Benefits$245,112
Total Fundraising Expense$11,238
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$142,829-$142,829
All Other Expenses-$111,975$11,238$123,213
Current Officers, Directors, Trustees, and Key Employees-$90,283-$90,283
Depreciation Depletion-$68,247-$68,247
Advertising-$63,233-$63,233
Interest-$14,371-$14,371
Other Employee Benefits-$12,000-$12,000
Other Expenses-$11,006-$11,006
Fees for Services Accounting-$9,910-$9,910
Fees for Services Legal-$6,636-$6,636
Occupancy---$3,596
Office Expenses-$1,222-$1,222
Total Functional Expenses$0$752,498$11,238$767,332
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$40
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gaming/raffle Collections Payable$434,789
Credit Card Payable$2,725
Federal income taxes$1,166
Sales Tax Payable-
Aflac Payable-
Event Deposits-
Gate City Laon-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Line 11B

Organizations process to review form 990 reviewed by officers and/or directors

Form 990, Part VI, Line 19

Governing documents disclosure explanation no documents available to the public

Filing and Contact Details

Filer

Filer Name
Fargo Air Museum
EIN
45-0451637
Phone
7012938043
Address
1609 19TH AVENUE NORTH, FARGO, ND 58102

Signing Officer

Name
Jim Sweeney
Title
Chair
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Nd
Voting Board Members
13
Independent Board Members
13
Employees
16
Volunteers
60

Preparer

Firm
Reliance Associates Pllc
Address
PO BOX 10158, FARGO, ND 58106-0158
Preparer
Amy Menholt
Phone
7014787040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book to tax depreciation adjustment

Raw XML AppendixShowing 400 of 492 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/OtherRevenueMiscGrp/TotalRevenueColumnAmt0840
IRS990/OtherRevenueTotalAmt0840
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0142829
IRS990/OtherSalariesAndWagesGrp/TotalAmt0142829
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01197
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01695
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0K BREWER DORAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSION FEES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIPS CHARTER
IRS990/ProgramServiceRevenueGrp/Desc2FARGO AIR SHOW
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt056005
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110481
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt056005
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110481
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21036
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0642976
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-144666
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0416216
IRS990/PYOtherRevenueAmt087262
IRS990/PYProgramServiceRevenueAmt075099
IRS990/PYRevenuesLessExpensesAmt0-29166
IRS990/PYSalariesCompEmpBnftPaidAmt0273621
IRS990/PYTotalExpensesAmt0689837
IRS990/PYTotalRevenueAmt0660671
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-34251
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt079232
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03631522
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03597510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0581006
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0648459
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0366740
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0473081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0439866
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02509152
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt076611
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0116058
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0107333
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0653
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0300655
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89090
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.89160
IRS990ScheduleA/PublicSupportTotal170Amt02509152
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0581006
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0648459
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0366740
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0473081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0439866
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02509152
IRS990ScheduleA/TotalSupportAmt02816515
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt06708
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt06708
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/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02046115
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0564109
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02610224
IRS990ScheduleD/EquipmentGrp/BookValueAmt014838
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0190285
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0205123
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt042022
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014591
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt056613
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01617733
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01617733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2434789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2GAMING/RAFFLE COLLECTIONS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4AFLAC PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5EVENT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6GATE CITY LAON
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03720708
IRS990ScheduleD/TotalLiabilityAmt0438680
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/GamingManagerIsDirectorOfcrInd0X
IRS990ScheduleG/GamingManagerPersonNm0JIM SWEENEY
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0AMY OTT
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt01609 19TH AVE N
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0FARGO
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0ND
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd058102
IRS990ScheduleG/StatesWhereGamingConductedCd0ND
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SILENT AUCTION ITEM
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0126962

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.33$3.04$0.95$0.88$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.34$0.36$2.98$0.83$0.93$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.41$0.34$3.07$0.70$0.88$0.18
2021Detailed filing. Detailed filing data is available for this year.$3.97$0.42$3.56$0.79$0.81$0.02
2020Detailed filing. Detailed filing data is available for this year.$4.02$0.44$3.58$0.59$0.55$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.06$0.43$3.63$0.79$0.76$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.04$0.44$3.60$0.73$0.77$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.63$0.00$3.63$0.66$0.69$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.66$0.01$3.65$0.57$0.68$0.11
2015Detailed filing. Detailed filing data is available for this year.$3.78$0.02$3.76$0.89$0.68$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.57$0.01$3.56$0.75$0.49$0.26
2013Detailed filing. Detailed filing data is available for this year.$3.73$0.43$3.30$0.96$0.40$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.02$2.74$0.32
2011Summary only. Only limited summary data is available for this year.$2.30$0.04$2.26$0.38$0.31$0.07