Totals
- Total revenue
- $2,201,550
- Total expenses
- $1,995,770
- Contributions and grants received
- $147,403
- Grants paid
- $4,625
- Program service revenue
- $1,480,063
- Investment income
- $8,875
- Other revenue
- $565,209
- Total assets, end of year
- $4,642,053
- Total liabilities, end of year
- $3,289,513
- Net assets or fund balances, end of year
- $1,352,540
- Program services expenses (Part IX)
- $1,641,027
- Management and general expenses
- $351,833
- Fundraising expenses
- $2,910
- Program service expenses (Part III)
- $1,641,027
Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$147,403
-
2a · Program service revenue: Tournament Fees
total $816,100 · related or exempt $816,100
-
2b · Program service revenue: Program Fees
total $589,152 · related or exempt $589,152
-
2c · Program service revenue: Hockey Clinics & Camps
total $37,805 · related or exempt $37,805
-
2d · Program service revenue: Ice Rental
total $26,075 · related or exempt $26,075
-
2f · All other program service revenue
total $10,931 · related or exempt $10,931
-
3 · Investment income
total $8,875 · excluded $8,875
-
5 · Royalties
total $137,457 · excluded $137,457
-
9a · Gaming: gross income
$2,222,238
-
9b · Gaming: direct expenses
$1,865,034
-
9c · Net income from gaming
total $357,204 · excluded $357,204
-
10a · Gross sales of inventory
$79,214
-
10b · Cost of goods sold
$8,666
-
10c · Net income from sales of inventory
total $70,548 · related or exempt $70,548
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,625 · program services $4,625
-
5 · Compensation of officers, directors and key employees
total $129,683 · program services $8,050 · management and general $121,633
-
7 · Other salaries and wages
total $294,677 · program services $112,901 · management and general $181,776
-
8 · Pension plan contributions
total $5,136 · program services $2,495 · management and general $2,641
-
9 · Other employee benefits
total $4,010 · program services $1,153 · management and general $2,857
-
10 · Payroll taxes
total $33,559 · program services $9,645 · management and general $23,914
-
11c · Fees: accounting
total $15,775 · management and general $15,775
-
11g · Fees: other
total $115,907 · program services $115,907
-
12 · Advertising and promotion
total $2,526 · program services $2,526
-
13 · Office expenses
total $57,797 · program services $54,560 · management and general $3,237
-
16 · Occupancy
total $105,431 · program services $105,431
-
17 · Travel
total $29,787 · program services $29,787
-
22 · Depreciation, depletion and amortization
total $29,619 · program services $29,619
-
23 · Insurance
total $9,966 · program services $9,966
-
24a · Other expenses: Tournament
total $652,764 · program services $652,764
-
24b · Other expenses: Ice Rental
total $225,647 · program services $225,647
-
24c · Other expenses: Registration Fees
total $135,730 · program services $135,730
-
24d · Other expenses: Clothing
total $30,841 · program services $30,841
-
24e · All other expenses
total $112,290 · program services $109,380 · fundraising $2,910
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $160 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $812,215 · end of year $1,254,350
-
4 · Accounts receivable
beginning of year $8,631 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $35,325 · end of year $24,421
-
10a · Land, buildings and equipment: cost or other basis
$1,580,825
-
10b · Land, buildings and equipment: accumulated depreciation
$1,330,317
-
10c · Land, buildings and equipment, net
beginning of year $280,127 · end of year $250,508
-
14 · Intangible assets
beginning of year $3,000,000 · end of year $3,000,000
-
15 · Other assets
beginning of year $15,000 · end of year $112,774
-
17 · Accounts payable and accrued expenses
beginning of year $4,698 · end of year $4,686
-
19 · Deferred revenue
end of year $584,827
-
25 · Other liabilities
beginning of year $3,000,000 · end of year $2,700,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,146,760 · end of year $1,352,540
Mission and programs · 2023
Mission
The Corporation's mission is to promote, develop and administer a youth hockey program.
Activities or mission (Part I)
Support and sponsor youth hockey teams and operate a youth ice arena in Fargo, North Dakota.
-
The organization sponsors youth hockey teams and operates a youth ice arena in Fargo, ND. This year there were 745 registered players and a total of 67 teams.The Organization entered into a Sponsorship Agreement on 10/4/2022 by and between the Park District of the City of Fargo. The Park District plans to build, own, operate and maintain a wellness sports complex currently named Fargo Sports Complex. As part of the agreement the Organization has agreed to pay the Park District of the City of Fargo $3 million dollars over 10 years to purchase donor recognition rights to the Sports Complex. In addition, the Organization has committed to entering a 25-year lease with the Park District for the rental of one sheet of ice at the Sports Complex. The lease will commence upon completion of the ice at the Sports Complex. A related liability of $3 million has been included on the balance sheet for the Organization's sponsorship committment. A lease liability will be recorded on the balance sheet upon completion of the ice at the Sports Complex. At 5/31/24, the ice at the Sports Complex was not complete yet.
Expenses $976,485 · Grants $4,625 · Revenue $501,916
-
The organization hosted multiple regional tournaments and international youth hockey tournaments. There were 445 Teams participating in the regional and internation/nation tournaments.
Expenses $664,542 · Revenue $1,048,695
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jennifer Thompson
President
- Total calculated
- $0
- Hours/week
- 5
-
Travis Kurtz
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Dan Ness
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Amy Kobrinsky
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Jared Nyquist
Member at Large
- Total calculated
- $250
- From this org
- $250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Richard Hell
Member at Large
- Total calculated
- $6,250
- From this org
- $6,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Monte Fischer
Member at Large
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey Nygaard
Executive Director
- Total calculated
- $112,582
- From this org
- $109,303
- From related orgs
- $0
- Other
- $3,279
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500999349301105
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