Fargo Air Museum FY2022 filing

Tax-deductible

Fargo, ND501(c)(3)Arts & CultureEIN 45-0451637Revenue $700K in FY2022

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.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: 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-T
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
Pay to officers and key staff
$84K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
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
$341K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$700K
-11% vs prior year
Spent
$876K
To programs
0%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$700K
FY2022▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$593K
FY2021$788K
FY2022$700K
FY2023$833K
FY2024$949K
Expenses
$876K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$552K
FY2021$808K
FY2022$876K
FY2023$925K
FY2024$877K
Net assets
$3.1M
FY2022▼ -14%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 95% · $836K Fundraising 4% · $36K

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

12 people listed on the 990-T; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$83,635Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · FY2022
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 FY2022 990-T, line by line.

1The main four
Money in
$700K
Gifts and grants$501K
Fees for services$107K
Other income$92K
Money out
$876K
Management$836K
Fundraising$36K
Owns and owes
$3.1M
net assets
Cash and savings$59K
Total assets$3.4M
Liabilities$341K
People
12
listed
Paid1
Voting board11
Independent11
2In more detail
Revenue in detail
Gifts and grants$501K
Fees for services$107K
Other income$92K
Total revenue$700K
Assets in detailEnd of year
Cash and savings together$59K
Total assets$3.4M
Liabilities$341K
Net assets$3.1M
Operations
Employees9
Volunteers30
Fiscal year endsDecember
Conflict-of-interest policyNo
Whistleblower policyNo
Records policyNo

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 Viewing $700K$876K−$177K$3.1M 990 PDF
FY2021 $788K$808K−$20K$3.6M 990 PDF
FY2020 $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

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

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