Fargo Public Schools Development Foundation
- Assets
- $4.5m
- Revenue
- $690.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 10/2000
- Data as of
- 06/2021
- EIN
- 31-1733797
Organization Overview
Fargo Public Schools Development Foundation is located in Fargo, ND. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Public Schools Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Fargo Public Schools Development Foundation generated $690.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $401.1k during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fargo Public Schools Development Foundation has awarded 12 individual grants totaling $816,868. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CRITICAL NEEDS PROGRAM IS ORGANIZED BY THE FOUNDATION TO ENSURE THAT EACH AND EVERY STUDENT WHO NEEDS HELP WITH BASIC NEEDS RECEIVES SUPPORT.
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.
INNOVATIVE EDUCATION, MUSIC, AND LITERACY GRANTS ARE AVAILABLE TO PROVIDE CLASSROOM RESOURCES FOR PROJECTS NOT FUNDED BY DISTRICT, STATE, OR FEDERAL MONIES.
THE CRITICAL NEEDS PROGRAM IS ORGANIZED BY THE FOUNDATION TO ENSURE THAT EACH AND EVERY STUDENT WHO NEEDS HELP WITH BASIC NEEDS RECEIVES SUPPORT.
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.
INNOVATIVE EDUCATION, MUSIC, AND LITERACY GRANTS ARE AVAILABLE TO PROVIDE CLASSROOM RESOURCES FOR PROJECTS NOT FUNDED BY DISTRICT, STATE, OR FEDERAL MONIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shanon M Gregor Vice President | OfficerTrustee | 0.5 | $0 |
Jennifer Gompf Secretary | OfficerTrustee | 0.5 | $0 |
Nancy Jordheim President | OfficerTrustee | 0.5 | $0 |
Alexis Odden Treasurer | OfficerTrustee | 0.5 | $0 |
Becky Bakke Executive Director | Officer | 40 | $0 |
Kent Hochgraber Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,827 |
| Total Program Service Revenue | $0 |
| Investment income | $58,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $231,993 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,477 |
| Grants and other assistance to domestic individuals. | $107,698 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,678 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,822 |
| Information technology | $4,998 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,311 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $401,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $812,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,724 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,635,730 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,450,890 |
| Accounts payable and accrued expenses | $2,385 |
| Grants payable | $107,698 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $346,488 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $456,571 |
| Net assets without donor restrictions | -$63,190 |
| Net assets with donor restrictions | $4,057,509 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,450,890 |
Grants Awarded
Over the last fiscal year, Fargo Public Schools Development Foundation has awarded $360,954 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FARGO PUBLIC SCHOOLS PURPOSE: TEACHER GRANTS/STUDENT NEEDS/SPECIAL PROJECTS.MILK PROGRAM AND CRITICAL NEEDS PROGRAMS - FUNDS DISTRIBUTED TO SCHOOLS BASED ON FREE/REDUCED LUNCH RATIOS.SPECIAL PROJECT FUNDS ARE DISTRIBUTED BASED ON DONORS' REQUEST TO SPECIFIC PROJECTS OR PROGRAMS. | $167,940 |
FARGO PUBLIC SCHOOLS PURPOSE: TEACHER GRANTS/STUDENT NEEDS/SPECIAL PROJECTS.MILK PROGRAM AND CRITICAL NEEDS PROGRAMS - FUNDS DISTRIBUTED TO SCHOOLS BASED ON FREE/REDUCED LUNCH RATIOS.SPECIAL PROJECT FUNDS ARE DISTRIBUTED BASED ON DONORS' REQUEST TO SPECIFIC PROJECTS OR PROGRAMS. | $167,940 |
FARGO PUBLIC SCHOOLS PURPOSE: HEALING TRAUMA THROUGH EXPRESSIVE THERAPIES - THIS PROJECT PROVIDES RESOURCES FOR FARGO SOUTH HIGH SCHOOL REFUGEE AND IMMIGRANT STUDENTS. | $7,207 |
FARGO PUBLIC SCHOOLS PURPOSE: HEALING TRAUMA THROUGH EXPRESSIVE THERAPIES - THIS PROJECT PROVIDES RESOURCES FOR FARGO SOUTH HIGH SCHOOL REFUGEE AND IMMIGRANT STUDENTS. | $7,207 |
FARGO PUBLIC SCHOOLS PURPOSE: BROWSING WITH EASE - THIS PROJECT WILL HELP STUDENTS EASILY FIND BOOKS IN THE LIBRARY. | $5,330 |
FARGO PUBLIC SCHOOLS PURPOSE: BROWSING WITH EASE - THIS PROJECT WILL HELP STUDENTS EASILY FIND BOOKS IN THE LIBRARY. | $5,330 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Fargo Public Schools Development Foundation has recieved totaling $119,073.
| Awarding Organization | Amount |
|---|---|
Pga Tour First Tee Foundation Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $42,000 |
Otto Bremer Trust St Paul, MN PURPOSE: CRITICAL NEEDS FOR FAMILIES AND STUDENTS | $28,350 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: GENERAL SUPPORT | $17,495 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,107 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: EDUCATION GRANT | $9,000 |
The Arts Partnership Of The Red River Valley Fargo, ND PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $3,112,206 |
| Earnings | $673,668 |
| Net Contributions | $18,630 |
| Grants | $129,814 |
| Ending Balance | $3,674,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wonderful Foundations Minneapolis, MN | $335,018,950 | $18,325,687 |
Life Time Foundation Chanhassen, MN | $2,791,059 | $2,904,635 |
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Rochester Msa Building Company Rochester, MN | $15,938,689 | $1,651,178 |
Billings Catholic Schools Foundation Billings, MT | $35,868,574 | $2,349,630 |
Minnesota Private College Fund St Paul, MN | $2,737,886 | $2,274,894 |
Friends Of Aspen Academy Savage, MN | $17,079,162 | $1,889,113 |
Folds Of Honor Foundation Wayzata, MN | $1,228,818 | $2,044,119 |
Friends Of Wla Woodbury, MN | $25,796,600 | $2,950,011 |
Afsa Building Company Vadnais Heights, MN | $10,162,186 | $859,315 |
Minnesota State College Southeast Foundation Winona, MN | $4,571,478 | $907,363 |
Doulos Discovery Ministries Burnsville, MN | $505,405 | $1,027,948 |