Fargo Public Schools Development Foundation FY2023 filing

Tax-deductible

Fargo, ND501(c)(3)EducationEIN 31-1733797

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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.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 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
$335K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$513K
-12% vs prior year
Spent
$603K
To programs
81%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$513K
FY2023▼ -12%
Revenue by fiscal year
FY2020$514K
FY2021$691K
FY2022$581K
FY2023$513K
FY2024$750K
FY2025$764K
Expenses
$603K
FY2023▲ +36%
Expenses by fiscal year
FY2020$462K
FY2021$401K
FY2022$445K
FY2023$603K
FY2024$610K
FY2025$570K
Net assets
$3.5M
FY2023▲ +6%
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 FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

81 cents of each dollar spent went to programs.

Program services 81% · $488K Management & general 19% · $115K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Past President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$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.

Provided by the organization

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3 program services account for $458K of program spending, described in the organization's own filed words · FY2022.
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.

$237Kprogram 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.

$166Kprogram expense
03

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

$55Kprogram expense

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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 FY2023 990, line by line.

1The main four
Money inPt VIII
$513K
Ln 12
Gifts and grantsLn 1h$394K
Other incomeLn 4–11$110K
Investment incomeLn 3$10K
Money outPt IX
$603K
Ln 25
Programscol B$488K
Managementcol C$115K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$512K
Total assetsLn 16$3.9M
LiabilitiesLn 26$335K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$394K
Investment incomeLn 3$10K
Other incomeLn 4–11$110K
Gains on assetsLn 7−$88K
Total revenueLn 12$513K
Assets in detailPt X, end of year
SavingsLn 2$512K
Cash and savings togetherLn 1–2$512K
InvestmentsLn 11–13$3.3M
Total assetsLn 16$3.9M
LiabilitiesLn 26$335K
Net assetsLn 32$3.5M
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 FY23End FY23
Cash and savingsLn 1–2$730K$512K
InvestmentsLn 11–13$3.0M$3.3M
Total assetsLn 16$3.8M$3.9M
LiabilitiesLn 26$426K$335K
Net assetsLn 32$3.3M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$243K$243K
Grants to domestic individualsLn 2$125K$125K
Other salaries and wagesLn 7$130K$82K$48K
Other employee benefitsLn 9$47K$30K$17K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$13K$8K$5K
Information technologyLn 14$14K$14K
Conferences, conventions and meetingsLn 19$3K$3K
Other expenses (24a–d)Ln 24$15K$268$15K
Total functional expensesLn 25$603K$488K$115K$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 Viewing $513K$603K−$90K$3.5M 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $513,299 across 6 lines filed
VIII-1f All other contributions, gifts and grants$393,734
VIII-1h Total contributions, gifts and grants$393,734
VIII-3 Investment incomeExcluded from tax $97,496$97,496
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$87,863−$87,863
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $109,932$109,932
VIII-12 Total revenueRelated to mission $109,932 · Unrelated business $0 · Excluded from tax $9,633$513,299
Part IX · Statement of functional expenses $603,337 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $242,971$242,971
IX-2 Grants to domestic individualsPrograms $124,816$124,816
IX-7 Other salaries and wagesPrograms $82,180 · Management $47,976$130,156
IX-9 Other employee benefitsPrograms $29,892 · Management $16,951$46,843
IX-11c Accounting feesManagement $12,913$12,913
IX-13 Office expensesPrograms $8,069 · Management $5,051$13,120
IX-14 Information technologyManagement $13,912$13,912
IX-19 Conferences, conventions and meetingsManagement $3,372$3,372
IX-24 Other expenses (24a–d)Programs $268 · Management $14,966$15,234
IX-25 Total functional expensesPrograms $488,196 · Management $115,141 · Fundraising $0$603,337
Part X · Balance sheet $3,861,284 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $730,251$512,006
X-9 Prepaid expenses and deferred chargesStart of year $4,346$4,660
X-11 Publicly traded securitiesStart of year $3,031,988$3,344,618
X-16 Total assetsStart of year $3,766,585$3,861,284
X-17 Accounts payable and accrued expensesStart of year $2,832$3,564
X-18 Grants payableStart of year $104,240$113,950
X-26 Total liabilitiesStart of year $425,677$334,581
X-27 Net assets without donor restrictionsStart of year −$59,105−$75,085
X-28 Net assets with donor restrictionsStart of year $3,400,013$3,601,788
X-32 Total net assets or fund balancesStart of year $3,340,908$3,526,703
X-33 Total liabilities and net assetsStart of year $3,766,585$3,861,284
Part XI · Reconciliation of net assets $3,526,703 net assets at year end
XI-1 Total revenue$513,299
XI-2 Total expenses$603,337
XI-3 Revenue less expenses−$90,038
XI-4 Net assets at start of year$3,340,908
XI-5 Net unrealized gains (losses) on investments$299,017
XI-7 Investment expenses−$23,184
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,526,703

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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