Fargo Public Schools Development Foundation FY2022 filing

Tax-deductible

Fargo, ND501(c)(3)EducationEIN 31-1733797Revenue $581K in FY2022

On file with the IRSfargoschoolsfoundation.org700 7th St S, 58103-2704 · Fargo, NDTax-exempt since Oct 2000Publicly supported charity — 170(b)(1)(A)(vi)

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The Fargo Public Schools Development Foundation partners with the Fargo Public Schools, their alumni, and the greater community to enhance and enrich learning experience to maximize student potentials.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $121K a year · 19% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $41K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$426K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$581K
-16% vs prior year
Spent
$445K
To programs
85%
Net assets
$3.3M
By yearFY2020–FY2025
Revenue
$581K
FY2022▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$514K
FY2021$691K
FY2022$581K
FY2023$513K
FY2024$750K
FY2025$764K
Expenses
$445K
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$462K
FY2021$401K
FY2022$445K
FY2023$603K
FY2024$610K
FY2025$570K
Net assets
$3.3M
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$4.0M
FY2022$3.3M
FY2023$3.5M
FY2024$3.8M
FY2025$4.1M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $378K Management & general 15% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Fargo Public Schools Development Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances and enriches learning experiences to maximize student potential through community partnerships.

Questions for Fargo Public Schools Development Foundation

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Provided by the organization

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3 programs · $354K · in their own filed words · FY2021
01

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

$174Kprogram expense
02

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.

$135Kprogram 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$581K
Ln 12
Investment incomeLn 3$304K
Gifts and grantsLn 1h$276K
Other incomeLn 4–11$2K
Money outPt IX
$445K
Ln 25
Programscol B$378K
Managementcol C$67K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$730K
Total assetsLn 16$3.8M
LiabilitiesLn 26$426K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$276K
Investment incomeLn 3$304K
Other incomeLn 4–11$2K
Gains on assetsLn 7$233K
Total revenueLn 12$581K
Assets in detailPt X, end of year
SavingsLn 2$730K
Cash and savings togetherLn 1–2$730K
InvestmentsLn 11–13$3.0M
Total assetsLn 16$3.8M
LiabilitiesLn 26$426K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 627
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$812K$730K
InvestmentsLn 11–13$3.6M$3.0M
Total assetsLn 16$4.5M$3.8M
LiabilitiesLn 26$457K$426K
Net assetsLn 32$4.0M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$203K$203K
Grants to domestic individualsLn 2$113K$113K
Other salaries and wagesLn 7$51K$38K$13K
Other employee benefitsLn 9$20K$15K$5K
Accounting feesLn 11c$12K$12K
Office expensesLn 13$10K$7K$3K
Information technologyLn 14$17K$17K
Conferences, conventions and meetingsLn 19$4K$4K
Other expenses (24a–d)Ln 24$15K$2K$13K
Total functional expensesLn 25$445K$378K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $764K$570K$195K$4.1M 990 PDF
FY2024 $750K$610K$141K$3.8M 990 PDF
FY2023 $513K$603K−$90K$3.5M 990 PDF
FY2022 Viewing $581K$445K$136K$3.3M 990 PDF
FY2021 $691K$401K$290K$4.0M 990 PDF
FY2020 $514K$462K$52K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $581,316 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $389,827$275,740
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $290,914$303,964
I-11 Other revenuePrior year $10,184$1,612
I-12 Total revenuePrior year $690,925$581,316
I-13 Grants and similar amounts paidPrior year $288,175$316,323
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $66,107$70,584
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $46,806$57,929
I-18 Total expensesPrior year $401,088$444,836
I-19 Revenue less expensesPrior year $289,837$136,480
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $581,316 across 6 lines filed
VIII-1f All other contributions, gifts and grants$275,740
VIII-1h Total contributions, gifts and grants$275,740
VIII-3 Investment incomeExcluded from tax $70,502$70,502
VIII-7 Net gain or loss on sales of assetsExcluded from tax $233,462$233,462
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,612$1,612
VIII-12 Total revenueRelated to mission $1,612 · Unrelated business $0 · Excluded from tax $303,964$581,316
Part IX · Statement of functional expenses $444,836 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $203,380$203,380
IX-2 Grants to domestic individualsPrograms $112,943$112,943
IX-7 Other salaries and wagesPrograms $37,556 · Management $13,052$50,608
IX-9 Other employee benefitsPrograms $14,964 · Management $5,012$19,976
IX-11c Accounting feesManagement $11,812$11,812
IX-13 Office expensesPrograms $6,584 · Management $3,329$9,913
IX-14 Information technologyManagement $16,964$16,964
IX-19 Conferences, conventions and meetingsManagement $3,874$3,874
IX-24 Other expenses (24a–d)Programs $2,175 · Management $13,191$15,366
IX-25 Total functional expensesPrograms $377,602 · Management $67,234 · Fundraising $0$444,836
Part X · Balance sheet $3,766,585 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $812,436$730,251
X-9 Prepaid expenses and deferred chargesStart of year $2,724$4,346
X-11 Publicly traded securitiesStart of year $3,635,730$3,031,988
X-16 Total assetsStart of year $4,450,890$3,766,585
X-17 Accounts payable and accrued expensesStart of year $2,385$2,832
X-18 Grants payableStart of year $107,698$104,240
X-26 Total liabilitiesStart of year $456,571$425,677
X-27 Net assets without donor restrictionsStart of year −$63,190−$59,105
X-28 Net assets with donor restrictionsStart of year $4,057,509$3,400,013
X-32 Total net assets or fund balancesStart of year $3,994,319$3,340,908
X-33 Total liabilities and net assetsStart of year $4,450,890$3,766,585
Part XI · Reconciliation of net assets $3,340,908 net assets at year end
XI-1 Total revenue$581,316
XI-2 Total expenses$444,836
XI-3 Revenue less expenses$136,480
XI-4 Net assets at start of year$3,994,319
XI-5 Net unrealized gains (losses) on investments−$763,991
XI-7 Investment expenses−$25,900
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,340,908

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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