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Nonprofiteer
← FARGO HOCKEY ASSOCIATION

Form 990 for tax year 2024

Filed by FARGO HOCKEY ASSOCIATION.

Totals

Total revenue
$2,310,943
Total expenses
$2,397,262
Contributions and grants received
$244,613
Grants paid
$3,065
Program service revenue
$1,611,661
Investment income
-$155,948
Other revenue
$610,617
Total assets, end of year
$5,662,663
Total liabilities, end of year
$4,403,965
Net assets or fund balances, end of year
$1,258,698
Program services expenses (Part IX)
$2,048,312
Management and general expenses
$344,046
Fundraising expenses
$4,904
Program service expenses (Part III)
$2,048,312

Program services were 85.4% 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

    $244,613

  • 2a · Program service revenue: Tournament Fees

    total $910,997 · related or exempt $910,997

  • 2b · Program service revenue: Program Fees

    total $652,211 · related or exempt $652,211

  • 2c · Program service revenue: Hockey Clinics & Camps

    total $26,381 · related or exempt $26,381

  • 2d · Program service revenue: Ice Rental

    total $4,166 · related or exempt $4,166

  • 2f · All other program service revenue

    total $17,906 · related or exempt $17,906

  • 3 · Investment income

    total $20,851 · excluded $20,851

  • 5 · Royalties

    total $150,071 · excluded $150,071

  • 7b · Less cost or other basis and sales expenses

    other assets $176,799

  • 7c · Gain or loss

    other assets -$176,799

  • 7d · Net gain or loss

    total -$176,799 · excluded -$176,799

  • 8a · Fundraising events: gross income

    $12,580

  • 8b · Fundraising events: direct expenses

    $8,453

  • 8c · Net income from fundraising events

    total $4,127 · excluded $4,127

  • 9a · Gaming: gross income

    $4,645,070

  • 9b · Gaming: direct expenses

    $4,192,911

  • 9c · Net income from gaming

    total $452,159 · excluded $452,159

  • 10a · Gross sales of inventory

    $4,260

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $4,260 · related or exempt $4,260

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,065 · program services $3,065

  • 5 · Compensation of officers, directors and key employees

    total $164,130 · management and general $164,130

  • 7 · Other salaries and wages

    total $183,825 · program services $70,583 · management and general $113,242

  • 8 · Pension plan contributions

    total $6,128 · program services $1,847 · management and general $4,281

  • 9 · Other employee benefits

    total $2,271 · program services $990 · management and general $1,281

  • 10 · Payroll taxes

    total $43,158 · program services $8,892 · management and general $34,266

  • 11c · Fees: accounting

    total $20,157 · management and general $20,157

  • 11g · Fees: other

    total $233,975 · program services $233,975

  • 12 · Advertising and promotion

    total $37,808 · program services $37,808

  • 13 · Office expenses

    total $36,956 · program services $30,267 · management and general $6,689

  • 16 · Occupancy

    total $22,399 · program services $22,399

  • 17 · Travel

    total $30,627 · program services $30,627

  • 20 · Interest

    total $131,532 · program services $131,532

  • 22 · Depreciation, depletion and amortization

    total $185,132 · program services $185,132

  • 23 · Insurance

    total -$2,169 · program services -$2,169

  • 24a · Other expenses: Tournament

    total $599,154 · program services $599,154

  • 24b · Other expenses: Ice Rental

    total $393,395 · program services $393,395

  • 24c · Other expenses: Registration Fees

    total $131,182 · program services $131,182

  • 24d · Other expenses: Clothing

    total $34,093 · program services $34,093

  • 24e · All other expenses

    total $140,444 · program services $135,540 · fundraising $4,904

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,254,350 · end of year $1,677,536

  • 4 · Accounts receivable

    end of year $26,941

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,421 · end of year $24,721

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

    $412,015

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

    $374,558

  • 10c · Land, buildings and equipment, net

    beginning of year $250,508 · end of year $37,457

  • 14 · Intangible assets

    beginning of year $3,000,000 · end of year $2,450,323

  • 15 · Other assets

    beginning of year $112,774 · end of year $1,445,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,686 · end of year $9,143

  • 19 · Deferred revenue

    beginning of year $584,827 · end of year $865,923

  • 25 · Other liabilities

    beginning of year $2,700,000 · end of year $3,528,899

  • 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 $1,352,540 · end of year $1,258,698

Mission and programs · 2024

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 in Fargo, North Dakota.

  • The organization sponsors youth hockey teams in Fargo, ND. This year there were 724 registered players and a total of 63 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. The ice at the Sports Complex was completed during the 5/31/25 fiscal year and accordingly, a lease liability was recorded on the balance sheet.

    Expenses $1,412,159 · Grants $3,065 · Revenue $518,429

  • The organization hosted multiple regional tournaments and international youth hockey tournaments. There were 444 Teams participating in the regional and internation/nation tournaments.

    Expenses $636,153 · Revenue $1,097,492

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JoDee Knipfer

    President

    Total calculated
    $0
    Hours/week
    5

  • Travis Kurtz

    Vice President

    Total calculated
    $0
    Hours/week
    5

  • Dan Ness

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Amy Kobrinsky

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Allie Ollenburger

    Member at Large

    Total calculated
    $0
    Hours/week
    5

  • John Lillestol

    Member at Large

    Total calculated
    $0
    Hours/week
    5

  • Isaac Olson

    Member at Large

    Total calculated
    $0
    Hours/week
    5

  • Joseph Christianson

    Executive Director (joined 6/1/24)

    Total calculated
    $65,419
    From this org
    $62,914
    From related orgs
    $0
    Other
    $2,505
    Hours/week
    40

  • Jeffrey Nygaard Exec Director

    (until June)/Fiscal Mgr (began Aug)

    Total calculated
    $74,558
    From this org
    $72,386
    From related orgs
    $0
    Other
    $2,172
    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.

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
14 April 2026
IRS schema version
2024v5.5
Source object
202631049349301778

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