Fargo Park District Foundation

EIN: 471248968 501(c)(3) Recreation & Sports

Fargo, ND

Total Revenue
$2,879,500
Total Expenses
$8,841,565
Total Assets
$28,402,155
Net Assets
$1,002,648
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
ND
Principal Officer
Craig Bjur
Phone
7014996072
Tax Period
2023-01-01 to 2023-12-31

Fargo Park District Foundation, founded in 2014, is a community nonprofit in the Recreation & Sports sector that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $8.8M exceeded revenue, resulting in a 207% operating deficit.

Mission

The mission of the Foundation is to enhance the quality of life in the metro area through the development of modernized facilities, new programs and by offering great opportunities for all in the community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,879,213
Program Service Revenue $0
Investment Income $287
Other Revenue $0
TOTAL REVENUE $2,879,500

Expense Breakdown

Grants Paid $8,574,368
Salaries & Benefits $206,666
Fundraising Expenses $78,039
Program Expenses $8,668,798
Other Expenses $60,531
TOTAL EXPENSES $8,841,565

Year-over-Year Comparison

2023 2022 Change
Revenue $2,879,500 $6,519,492 -0.6%
Expenses $8,841,565 $3,361,143 +1.6%
Net Income $-5,962,065 $3,158,349 -2.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
12

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
4
$146,289
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Erickson President 0.50
Officer Director
$0 $0 $0
Stacey Griggs Vice President 0.50
Officer Director
$0 $0 $0
Chad Marsden Treasurer 0.50
Officer Director
$0 $0 $0
Rock Messerschmidt Board Member 0.50
Director
$0 $0 $0
Darren Dunlop Board Member as of July 0.50
Director
$0 $0 $0
Melissa Brandt Board Member 0.50
Director
$0 $0 $0
Joe Deutsch Board Member as of July 0.50
Director
$0 $0 $0
Aaron Hill Board Member thru June 0.50
Director
$0 $0 $0
Kali Mork Board Member thru January 0.50
Director
$0 $0 $0
Jerry Rostad Board Member thru July 0.50
Director
$0 $0 $0
Craig Bjur Executive Director 40.00
Officer
$118,173 $28,116 $146,289
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
2024 No data No data No data No data
2023 $2,879,500 $8,841,565 $28,402,155 $-5,962,065
2022 $6,519,492 $3,361,143 $29,847,517 $3,158,349
2021 $3,810,178 $27,406 $23,625,335 $3,782,772
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