Fargo Theatre Management Corporation

EIN: 450373698 501(c)(3) Arts, Culture & Humanities

Fargo, ND

Total Revenue
$1,221,593
Total Expenses
$861,253
Total Assets
$2,016,423
Net Assets
$1,656,890
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
ND
Principal Officer
Emily Beck
Phone
7012398385
Tax Period
2024-06-01 to 2025-05-31

Fargo Theatre Management Corporation, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $360K, a strong 29% operating margin.

Mission

To preserve the historic integrity of the Fargo Theatre while expanding the Theatre's ability to meet the artistic and entertainment needs of increasingly diverse audiences, performers and filmmakers.(Continued on Schedule O)To effectively maintain a state of the art screen and stage for critically acclaimed film and classic film, live theatre, special events and tours. To ensure a home for the mighty Wurlitzer theatre pipe organ. To serve as an anchor for a vital downtown. To honor our past providing an unbroken thread of common entertainment and educational experience for generations of Fargo-Moorhead residents and visitors.

Program Service Accomplishments

Program 1
Expenses: $403,758 Revenue: $389,517

One of the missions of the Fargo Theatre is to meet the artists and entertainment needs of increasingly diverse audiences, performers, and filmmakers. A diverse slate of film and live events provides...

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One of the missions of the Fargo Theatre is to meet the artists and entertainment needs of increasingly diverse audiences, performers, and filmmakers. A diverse slate of film and live events provides the community with a wide selection of arts programming. In Fiscal Year 24-25, the Fargo Theatre screened 41 new-release films, 12 classic films, and 24 specialty film festivals/series including the FM LGBT Film Festival and Kids' Flicks. The Theatre also hosted 58 live events including performances by local arts organizations and professional touring artists.The Theatre is open a minimum of six days a week, offering a variety of motion pictures and performances in a historic setting. The Theatre typically averages more than 67,000 audience members a year. A variety of free or low-cost programming is also offered. These opportunities include the annual Martin Luther King Jr. Day Celebration and Holiday Pipes concerts (free admission) and the Kids' Flicks movie series ($3 admission). The Theatre also hosts a free monthly Film Club to build community and foster conversation. The Fargo Theatre's long-term objective is to continue to meet the artistic and entertain needs of the community as the city's population grows. Theatre programming staff and volunteer teams ensure that the slate of programming is inclusive and offers diverse artistic voices and representation.

Program 2
Expenses: $48,975 Revenue: $68,194

The annual Fargo Film Festival receives films submissions from around the world to be juried by community volunteers. The goal of the festival is to celebrate film artistry while connecting local...

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The annual Fargo Film Festival receives films submissions from around the world to be juried by community volunteers. The goal of the festival is to celebrate film artistry while connecting local audiences to innovative, independent cinema and the artists responsible for creating it. The 2025 festival received 337 submissions from 36 countries. The juries selected 102 films to play in competition. Festival leaders programmed 4 films to play as invited selections and an additional 53 very short films played as a part of the festival's 2 Minute Movie Contest. Approximately 2,700 patrons attended throughout the festival's 5 days of screenings and events. Forty-five film artists traveled to Fargo to attend their screenings and interact with audiences. These appearances also enabled formal educational opportunities including moderated interviews, panel discussions, and guest academic lectures. There were also many informal opportunities for audience members and local filmmakers to socialize with visiting artists or ask them questions during Q&A sessions.The Fargo Film Festival's long-term objective is to continue providing an exhibition platform for independent filmmakers while giving local audiences educational opportunities and the change to see unique, original, and artistically relevant motion pictures.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $740,427
Program Service Revenue $381,327
Investment Income $23,455
Other Revenue $76,384
TOTAL REVENUE $1,221,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $288,627
Fundraising Expenses $216,805
Program Expenses $452,733
Other Expenses $482,626
TOTAL EXPENSES $861,253

Year-over-Year Comparison

2024 2023 Change
Revenue $1,221,593 $670,753 +0.8%
Expenses $861,253 $735,286 +0.2%
Net Income $360,340 $-64,533 -6.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
31
Volunteers
245

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$90,289
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kirsten Jensen Immediate Past President 1.00
Officer Director
$0 $0 $0
Trevor Mathew President 1.00
Officer Director
$0 $0 $0
Cody Schuler Vice President 1.00
Officer Director
$0 $0 $0
Janet Brandau Secretary 1.00
Officer Director
$0 $0 $0
Steve Wood Treasurer 1.00
Officer Director
$0 $0 $0
Mark Kolstad Board Member 1.00
Director
$0 $0 $0
Lisa Edison-Smith Board Member 1.00
Director
$0 $0 $0
Greg Carlson Board Member 1.00
Director
$0 $0 $0
Veronica Michael Board Member 1.00
Director
$0 $0 $0
Kendra O'Brien Board Member 1.00
Director
$0 $0 $0
Danielle Erdmann Board Member 1.00
Director
$0 $0 $0
Jane Mathew Board Member 1.00
Director
$0 $0 $0
Christine McClellan Board Member 1.00
Director
$0 $0 $0
Christine Hoper Board Member as of June 2024 1.00
Director
$0 $0 $0
Austan Wellman Board Member as of June 2024 1.00
Director
$0 $0 $0
Julie Peterson-Klein Board Member until December 2024 1.00
Director
$0 $0 $0
Emily Beck Executive Director 40.00
Officer
$67,400 $2,927 $70,327
Elizabeth Weekly-Dreessen Finance Manager 10.00
Officer
$19,962 $0 $19,962
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,221,593 $861,253 $2,016,423 $360,340
2024 $670,753 $735,286 $1,663,615 $-64,533
2023 $553,691 $692,782 $1,739,444 $-139,091
2022 $869,304 $650,938 $1,892,050 $218,366
2021 $339,106 $502,999 $1,671,158 $-163,893
2020 $575,279 $604,061 $1,910,136 $-28,782
2019 $591,134 $641,097 $1,929,982 $-49,963
2018 $543,461 $621,704 $2,018,897 $-78,243
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