Fargo Public Schools Development Foundation EIN 31-1733797 Form 990 (PDF) Claim this org

Fargo Public Schools Development Foundation

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Enhances and enriches learning experiences to maximize student potential through community partnerships. For fiscal year 2025 it reported $764K in revenue, $570K in expenses, and $4.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Fargo, ND
Website
www.fargoschoolsfoundation.org
Filings
6 on file (2020–2025)
Revenue
$764KFY2025
Expenses
$570K
Net assets
$4.1M
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  31-1733797 Public charity (501(c)(3)) Fargo, ND
Form 990 (PDF)
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Size
$100K–1M
What they do
Enhances and enriches learning experiences to maximize student potential through community partnerships.
Leadership
Nikkie Gullickson · Vice President
Money in and out
$764K revenue, $570K expenses
Bottom line
73% program efficiency
Where the money goes · FY2025
Total revenue
$764K
Pt VIII · Ln 12
Total expenses
$570K
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $195K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
94.3mo
months of highly liquid reserves at operating expense rate▲ +15% vs prior filing year
Surplus margin
+25%
revenue over expenses, this year▲ +36% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$764K
FY2025▲ +2%
Expenses
$570K
FY2025▼ -7%
Total assets
$4.5M
FY2025▲ +7%
Total liabilities
$420K
FY2025▲ +7%
Total revenue
$764K
Pt VIII · Ln 12
Total expenses
$570K
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$195K
Total assetsPt X · Ln 16$4.5M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFargo Public Schools Development Foundation
EINHdr · item D31-1733797
Principal addressHdr · item CFargo, ND
WebsiteHdr · item Jwww.fargoschoolsfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MND
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B122)
Ruling yearIRS BMFOct 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director (ended 04/2025)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $399K of program spending, described in the organization's own filed words · FY2024.
01

The foundation administers scholarships on behalf of community businesses, families and organizations. Scholarships are made available through annual donations and investment income from endowed funds.

$183Kprogram expense
02

The critical needs program is organized by the foundation to ensure that each and every student who needs help with basic needs receives support.

$171Kprogram expense
03

Innovative education, music, and literacy grants are available to provide classroom resources for projects not funded by district, state, or federal monies.

$45Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$352K · 46%
Investment income$293K · 38%
Other revenue$119K · 16%
Contributions & grants46%$352K
Investment income38%$293K
Other revenue16%$119K
Total revenueLn 12$764K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$417K
Management & general27%$153K
Total functional expensesLn 25$570K

Balance Sheet

Part X · end of year
CashLn 1$505K
Total assetsLn 16$4.5M
Total liabilitiesLn 26$420K
Total net assetsLn 32$4.1M
Months of cash on handcomputed10.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.5M · Operating expenses/yr $570K
94.3 months
Where the money goes
Program services
Program services $417K · Total expenses $570K
73%
Management & General
Management & general $153K · Total expenses $570K
27%
Fundraising
Fundraising $0 · Total expenses $570K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $365K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $352K · Total revenue $764K
46%
Government reliance
Government grants — · Total revenue $764K
Earned-income share
Program service revenue $0 · Total revenue $764K
0%
Investment reliance
Investment income $293K · Total revenue $764K
+38%
Program self-sufficiency
Program service revenue $0 · Total expenses $570K
0%
Growth & trend
Revenue growth (YoY)
This year $764K · Prior year $750K
+2%
Revenue CAGR
FY2019 $514K · FY2024 $764K
+8%
Net-asset trend (YoY)
End of year $4.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $764K · Expenses $570K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $4.5M
Net-asset ratio
Net assets $4.1M · Total assets $4.5M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.5M
89%
People & payroll
Highest Reported Total Compensation
Individual Nikkie Gullickson · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $570K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $203K · Total expenses $570K
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth 2%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 16 grants · $1.9M · 2019–2024
Fargo Public SchoolsFY2024$161,595
Unitemized GrantFY2024$126,170
Fargo Public SchoolsFY2023$242,853
Unitemized GrantFY2023$107,248
Fargo Public SchoolsFY2022$242,971
Unitemized GrantFY2022$124,816
Fargo Public SchoolsFY2021$203,380
Unitemized GrantFY2021$112,943
Fargo Public SchoolsFY2020$167,940
Unitemized GrantFY2020$107,698
Fargo Public SchoolsFY2020$7,207
Fargo Public SchoolsFY2020$5,330
Fargo Public SchoolsFY2019$208,500
Unitemized GrantFY2019$99,350
Fargo Public SchoolsFY2019$12,250
Fargo Public SchoolsFY2019$7,207

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$764K revenue · viewing · ⤓ 990 PDF
FY2024$750K revenue · ⤓ 990 PDF
FY2023$513K revenue · ⤓ 990 PDF
FY2022$581K revenue · ⤓ 990 PDF
FY2021$691K revenue · ⤓ 990 PDF
FY2020$514K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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