Fargo Air Museum FY2020 filing

Tax-deductible

Fargo, ND501(c)(3)Arts & CultureEIN 45-0451637Revenue $593K in FY2020

On file with the IRSfargoairmuseum.org1609 19th Ave N, 58102-1886 · Fargo, NDTax-exempt since Feb 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Educate public about aviation

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $35K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $58K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$443K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$593K
Spent
$552K
To programs
0%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$593K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$593K
FY2021$788K
FY2022$700K
FY2023$833K
FY2024$949K
Expenses
$552K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$552K
FY2021$808K
FY2022$876K
FY2023$925K
FY2024$877K
Net assets
$3.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$3.6M
FY2022$3.1M
FY2023$3.0M
FY2024$3.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1999.

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

Where the money goes

What each dollar paid for.

Management & general 94% · $517K Fundraising 0% · $3K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Past Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Ryan Thayer’s $72K as Executive Director is at the 67th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022
Ryan Thayer$72,442$83,635

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Fargo Air Museum is an arts and culture nonprofit based in Fargo, ND.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provided viewing tours of aviation artifacts to more than 20,000 people

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$593K
Ln 12
Gifts and grantsLn 1h$432K
Investment incomeLn 3$69K
Fees for servicesLn 2g$57K
Money outPt IX
$552K
Ln 25
Managementcol C$517K
Fundraisingcol D$3K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$172K
Total assetsLn 16$4.0M
LiabilitiesLn 26$443K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$432K
Fees for servicesLn 2g$57K
Investment incomeLn 3$69K
Other incomeLn 4–11$35K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$172K
Cash and savings togetherLn 1–2$172K
Land, buildings, equipmentLn 10c$3.7M
Other assetsLn 15$141K
Total assetsLn 16$4.0M
LiabilitiesLn 26$443K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 59
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$156K$172K
Land, buildings, equipmentLn 10c$3.8M$3.7M
Total assetsLn 16$4.1M$4.0M
LiabilitiesLn 26$427K$443K
Net assetsLn 32$3.6M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$189K$189K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$36K$36K
Office expensesLn 13$11K$11K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$4K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$11K$11K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$83K$83K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$87K$87K
All other expensesLn 24e$112K$80K$3K
Total functional expensesLn 25$552K$0$517K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $949K$877K$72K$3.0M 990 PDF
FY2023 $833K$925K−$92K$3.0M 990 PDF
FY2022 $700K$876K−$177K$3.1M 990 PDF
FY2021 $788K$808K−$20K$3.6M 990 PDF
FY2020 Viewing $593K$552K$41K$3.6M 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 FY2020 990 (6 parts)
Part I · Summary $593,355 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $605,550$432,241
I-9 Program service revenuePrior year $82,420$57,042
I-10 Investment income$69,404
I-11 Other revenuePrior year $104,508$34,668
I-12 Total revenuePrior year $792,478$593,355
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $249,080$188,771
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $509,901$363,454
I-18 Total expensesPrior year $758,981$552,225
I-19 Revenue less expensesPrior year $33,497$41,130
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $593,355 across 7 lines filed
Lines not itemized here account for −$635 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$432,241
VIII-1h Total contributions, gifts and grants$432,241
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,042$57,042
VIII-3 Investment income$69,404
VIII-6 Net rental income or lossExcluded from tax $31,893$31,893
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,410$3,410
VIII-12 Total revenueRelated to mission $57,042 · Unrelated business −$635 · Excluded from tax $35,303$593,355
Part IX · Statement of functional expenses $552,225 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $188,771$188,771
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,490$8,490
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $35,738$35,738
IX-13 Office expensesManagement $11,485$11,485
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$3,687
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $10,851$10,851
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $82,594$82,594
IX-23 InsuranceManagement $12,033$12,033
IX-24 Other expenses (24a–d)Management $87,005$87,005
IX-24e All other expensesManagement $80,199 · Fundraising $2,753$111,571
IX-25 Total functional expensesPrograms $0 · Management $517,166 · Fundraising $2,753$552,225
Part X · Balance sheet $4,021,523 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $156,435$171,827
X-4 Accounts receivableStart of year $7,585$13,341
X-8 Inventories for sale or useStart of year $18,181$18,181
X-10c Land, buildings and equipment, netStart of year $3,802,548$3,674,746
X-14 Intangible assetsStart of year $2,481$2,293
X-15 Other assetsStart of year $72,194$141,135
X-16 Total assetsStart of year $4,059,424$4,021,523
X-25 Other liabilitiesStart of year $423,962$443,187
X-26 Total liabilitiesStart of year $427,217$443,187
X-32 Total net assets or fund balancesStart of year $3,632,207$3,578,336
X-33 Total liabilities and net assetsStart of year $4,059,424$4,021,523
Part XI · Reconciliation of net assets $3,578,336 net assets at year end
XI-1 Total revenue$593,355
XI-2 Total expenses$552,225
XI-3 Revenue less expenses$41,130
XI-4 Net assets at start of year$3,632,207
XI-9 Other changes in net assets−$95,001
XI-10 Net assets at end of year$3,578,336

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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