Fargo Hockey Association
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Fargo, ND
- Founding
- 09/1988
- Data as of
- 05/2022
- EIN
- 36-3548649
Organization Overview
Fargo Hockey Association is located in Fargo, ND. The organization was established in 1988. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Fargo Hockey Association employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Hockey Association 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 05/2022, Fargo Hockey Association generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.8m during the year ending 05/2022. While expenses have increased by 4.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND SPONSOR YOUTH HOCKEY TEAMS AND OPERATE A YOUTH ICE ARENA IN FARGO, NORTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS YOUTH HOCKEY TEAMS AND OPERATES A YOUTH ICE ARENA IN FARGO, NORTH DAKOTA. THIS YEAR THERE WERE 890 REGISTERED PLAYERS AND A TOTAL OF 79 TEAMS.
THE ORGANIZATION HOSTED MULTIPLE REGIONAL TOURNAMENTS AND ONE INTERNATIONAL/NATIONAL YOUTH HOCKEY TOURNAMENT. THERE WERE 404 TEAMS PARTICIPATING IN THE INTERNATIONAL/NATIONAL TOURNAMENT. TYPICALLY THERE ARE ALSO CANADIAN TEAMS THAT PARTICIPATE IN THE INTERNATIONAL/NATIONAL TOURNAMENT BUT DUE TO COVID THERE WERE NOT ANY CANADIAN TEAMS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Nygaard Executive Director | Officer | 40 | $62,885 |
Nate Kirkeby Vp-Hockey Programming | OfficerTrustee | 5 | $1,685 |
Todd Krueger Termite Director | Trustee | 5 | $1,000 |
Sean Evenson Squirt Director | Trustee | 5 | $500 |
Nick Kjonaas Vp-Hockey Operations | OfficerTrustee | 5 | $250 |
Matt Peterson Bantam Director | Trustee | 5 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,616 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,230 |
| Noncash contributions included in lines 1a–1f | $10,615 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,846 |
| Total Program Service Revenue | $1,375,888 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $117,649 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,059 |
| Net Income from Gaming Activities | $122,739 |
| Net Income from Sales of Inventory | $69,346 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,819,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,255 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,251 |
| Pension plan accruals and contributions | $4,259 |
| Other employee benefits | $4,995 |
| Payroll taxes | $34,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,361 |
| Advertising and promotion | $7,818 |
| Office expenses | $55,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,988 |
| Travel | $21,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,887 |
| Insurance | $0 |
| All other expenses | $179,651 |
| Total functional expenses | $1,838,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160 |
| Savings and temporary cash investments | $877,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,124 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $281,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,330 |
| Total assets | $1,287,012 |
| Accounts payable and accrued expenses | $39,126 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $39,126 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,247,886 |
| Total liabilities and net assets/fund balances | $1,287,012 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fargo Hockey Association has recieved totaling $12,254.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: PROGRAM SUPPORT | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridger Bowl Bozeman, MT | $44,447,307 | $17,478,314 |
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Eagan Hockey Association Incorporated Eagan, MN | $236,242 | $1,165,383 |
Moorhead Youth Hockey Assn Moorhead, MN | $7,603,734 | $2,426,277 |
Bridger Ski Foundation Bozeman, MT | $1,336,581 | $2,042,765 |
Fargo Hockey Association Fargo, ND | $1,287,012 | $1,819,619 |
Edina Hockey Association Edina, MN | $768,078 | $1,616,429 |
District 284 Youth Hockey Association Golden Valley, MN | $1,155,590 | $1,715,832 |
Dickinson Youth Activities Inc Dickinson, ND | $2,700,930 | $1,609,260 |
Woodbury Area Hockey Club Woodbury, MN | $1,085,854 | $1,679,280 |
White Bear Lake Area Hockey Association White Bear Lake, MN | $2,865,444 | $2,125,305 |