Form 990 for tax year 2023
Filed by FARGO PUBLIC SCHOOLS DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $750,379
- Total expenses
- $609,686
- Contributions and grants received
- $349,823
- Grants paid
- $350,101
- Program service revenue
- $0
- Investment income
- $283,725
- Other revenue
- $116,831
- Total assets, end of year
- $4,187,641
- Total liabilities, end of year
- $393,813
- Net assets or fund balances, end of year
- $3,793,828
- Program services expenses (Part IX)
- $485,814
- Management and general expenses
- $123,872
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $485,814
Program services were 79.7% 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
$349,823
-
3 · Investment income
total $140,082 · excluded $140,082
-
7a · Gross sales of assets other than inventory
securities $143,643
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $143,643
-
7d · Net gain or loss
total $143,643 · excluded $143,643
-
11a · Other revenue: PERSONNEL OF AFFILIATE
total $113,252 · related or exempt $113,252
-
11b · Other revenue: CONTRACTED SERVICES
total $3,579 · related or exempt $3,579
-
11e · Other revenue, total
$116,831
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $242,853 · program services $242,853
-
2 · Grants to domestic individuals
total $107,248 · program services $107,248
-
7 · Other salaries and wages
total $142,201 · program services $90,717 · management and general $51,484
-
9 · Other employee benefits
total $55,160 · program services $35,748 · management and general $19,412
-
11c · Fees: accounting
total $14,200 · management and general $14,200
-
13 · Office expenses
total $11,225 · program services $6,697 · management and general $4,528
-
14 · Information technology
total $15,602 · management and general $15,602
-
19 · Conferences, conventions and meetings
total $3,884 · management and general $3,884
-
24a · Other expenses: FUNDRAISING EXPENSE
total $11,530 · management and general $11,530
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $3,232 · management and general $3,232
-
24c · Other expenses: SUPPLIES
total $2,551 · program services $2,551
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $512,006 · end of year $569,467
-
9 · Prepaid expenses and deferred charges
beginning of year $4,660 · end of year $4,895
-
11 · Investments: publicly traded securities
beginning of year $3,344,618 · end of year $3,613,279
-
17 · Accounts payable and accrued expenses
beginning of year $3,564 · end of year $289
-
18 · Grants payable
beginning of year $113,950 · end of year $103,185
-
21 · Escrow or custodial account liability
beginning of year $217,067 · end of year $290,339
-
27 · Net assets without donor restrictions
beginning of year -$75,085 · end of year -$95,110
-
28 · Net assets with donor restrictions
beginning of year $3,601,788 · end of year $3,888,938
Mission and programs · 2023
Mission
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.
-
THE CRITICAL NEEDS PROGRAM IS ORGANIZED BY THE FOUNDATION TO ENSURE THAT EACH AND EVERY STUDENT WHO NEEDS HELP WITH BASIC NEEDS RECEIVES SUPPORT.
Expenses $268,387 · Grants $193,413
-
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.
Expenses $148,822 · Grants $107,248
-
INNOVATIVE EDUCATION, MUSIC, AND LITERACY GRANTS ARE AVAILABLE TO PROVIDE CLASSROOM RESOURCES FOR PROJECTS NOT FUNDED BY DISTRICT, STATE, OR FEDERAL MONIES.
Expenses $53,310 · Grants $38,418
-
THE ADOPT-A-SCHOOL PROGRAM MATCHES INDIVIDUAL SCHOOLS WITH AREA BUSINESSES, SERVICES CLUBS, COLLEGES, UNIVERSITIES, AND OTHER ORGANIZATIONS. PARTNERSHIPS ARE MEANT TO GIVE CHILDREN AN OPPORTUNITY TO MEET OTHER CARING ADULTS IN THE FARGO COMMUNITY, AS WELL AS ALLOW THEM TO SEE AND LEARN MORE ABOUT CAREERS IN THE AREA.
Expenses $15,295 · Grants $11,022
-
THE FOUNDATION ASSISTS WITH SPECIAL FUNDRAISING AND SCHOOL PROGRAMS, AND COLLECTS DESIGNATED SCHOOL DONATIONS THROUGHOUT THE YEAR.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nancy JordheimNANCY JORDHEIM
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
Austin BrahamAUSTIN BRAHAM
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
Jennifer GompfJENNIFER GOMPF
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Kent HochgraberKENT HOCHGRABER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Todd OlsonTODD OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ron SchneiderRON SCHNEIDER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
Lisa FarnhamLISA FARNHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Kristi UlrichKRISTI ULRICH
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Dr Rupak GandhiDR RUPAK GANDHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nikkie GullicksonNIKKIE GULLICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stacey GriggsSTACEY GRIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Reggie MacmasterREGGIE MACMASTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Becky BakkeBECKY BAKKE
EXECUTIVE DIRECTOR
- Total calculated
- $0
- 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
-
FARGO PUBLIC SCHOOLS
$242,853
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530349349301928
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