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Nonprofiteer
← FARGO MOORHEAD CONVENTION & VISITORS BUREAU INC

Form 990 for tax year 2024

Filed by FARGO MOORHEAD CONVENTION & VISITORS BUREAU INC.

Totals

Total revenue
$4,889,779
Total expenses
$4,589,210
Contributions and grants received
$0
Grants paid
$1,193,942
Program service revenue
$4,646,532
Investment income
$195,548
Other revenue
$47,699
Total assets, end of year
$5,478,847
Total liabilities, end of year
$1,090,044
Net assets or fund balances, end of year
$4,388,803
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: Fargo Lodging Tax

    total $3,492,677 · related or exempt $3,492,677

  • 2b · Program service revenue: Housing Bureau Revenue

    total $476,254 · related or exempt $476,254

  • 2c · Program service revenue: West Fargo Lodging Tax

    total $464,631 · related or exempt $464,631

  • 2d · Program service revenue: Moorhead Lodging Tax

    total $178,658 · related or exempt $178,658

  • 2f · All other program service revenue

    total $34,312 · related or exempt $34,312

  • 3 · Investment income

    total $195,548 · excluded $195,548

  • 10a · Gross sales of inventory

    $86,477

  • 10b · Cost of goods sold

    $45,253

  • 10c · Net income from sales of inventory

    total $41,224 · related or exempt $41,224

  • 11a · Other revenue: Advertising

    total $6,475 · unrelated business $6,475

  • 11e · Other revenue, total

    $6,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,189,883

  • 2 · Grants to domestic individuals

    total $4,059

  • 5 · Compensation of officers, directors and key employees

    total $198,229

  • 7 · Other salaries and wages

    total $794,130

  • 8 · Pension plan contributions

    total $19,583

  • 9 · Other employee benefits

    total $126,235

  • 10 · Payroll taxes

    total $68,643

  • 11c · Fees: accounting

    total $15,750

  • 11g · Fees: other

    total $171,626

  • 12 · Advertising and promotion

    total $547,216

  • 13 · Office expenses

    total $103,091

  • 14 · Information technology

    total $38,816

  • 16 · Occupancy

    total $200,912

  • 17 · Travel

    total $226,869

  • 22 · Depreciation, depletion and amortization

    total $65,017

  • 23 · Insurance

    total $21,886

  • 24a · Other expenses: Dues & Subscriptions

    total $406,129

  • 24b · Other expenses: Housing Bureau

    total $373,178

  • 24e · All other expenses

    total $17,958

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,327,855 · end of year $4,480,328

  • 4 · Accounts receivable

    beginning of year $498,562 · end of year $374,581

  • 8 · Inventories for sale or use

    beginning of year $32,248 · end of year $35,647

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,771 · end of year $36,924

  • 10a · Land, buildings and equipment: cost or other basis

    $1,273,659

  • 10b · Land, buildings and equipment: accumulated depreciation

    $740,992

  • 10c · Land, buildings and equipment, net

    beginning of year $378,912 · end of year $532,667

  • 15 · Other assets

    beginning of year $18,700 · end of year $18,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,951 · end of year $106,274

  • 18 · Grants payable

    beginning of year $1,018,887 · end of year $983,770

  • 27 · Net assets without donor restrictions

    beginning of year $4,088,210 · end of year $4,388,803

Mission and programs · 2024

Mission

The Fargo-Moorhead-West Fargo CVB works to position our distinctive community as a desirable destination and gateway to the region and nation, resulting in a superior Quality of Life for its residents.

Activities or mission (Part I)

Develop and promote a shared community vision enhancing the attractiveness of the region.

  • Our primary exempt purpose is to enhance the economic life of the community (Fargo, Moorhead & West Fargo) by attracting all varieties of visitors. This includes, but is not limited to, leisure travelers, business travelers, group tours, meetings and conferences, and youth and adult sporting events. To that end, we market the community and its assets in a variety of different ways, including digital, social media, print and broadcast advertising; attendance at trade shows for meeting and sporting event planners; membership in organizations with which we can collaborate in pursuit of our primary goal. As part of our efforts to attract such events, we provide a variety of event assistance, both in the form of cash assistance and services to conferences and tournaments, as needed. Services include the printing of name badges and signage, as well as on-site staffing for registration.

  • The Fargo-Moorhead CVB operates a Housing Bureau as a service to local groups who sponsor youth and adult sports tournaments (youth hockey, soccer & baseball, adult softball etc.). It's also available for conference sponsors but is primarily used by sporting groups. In a typical year our Housing staff will deal with between 40 and 45 events.

  • Withheld by Nonprofiteer: this text may name a private individual.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Doug Peters

    Chair

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Nicole Dutton

    Executive Committee Member

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Clare Hughes

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Kember Anderson

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Holly Heitkamp

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Ramon Sosa

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • James Stinsman

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Kimberly Busch

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Casey Sanders-Berglund

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Kira Odenbach

    Director (As of Sept 24)

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Emily Nielsen

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Tanner Tweten

    Director (Until June 24)

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Charles Johnson

    President/CEO

    Total calculated
    $197,357
    From this org
    $180,009
    From related orgs
    $0
    Other
    $17,348
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $173,249
    Bonus
    $0
    Other
    $6,760
    Deferred
    $5,276
    Nontaxable benefits
    $12,944
    Filer's total
    $198,229

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349303835

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