Fargo Park District Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,810,178 | 27,406 | 3,782,772 | 1666.7 | 0% |
| 2022 | 6,519,492 | 3,361,143 | 3,158,349 | 24.9 | 3% |
| 2023 | 2,879,500 | 8,841,565 | −5,962,065 | 1.4 | 2% |
In its most recent public year (2023), this organization spent $5,962,065 more than it brought in. Its reserves stood at about 1.4 months of spending, down from 1666.7 in 2021. Staff pay was 2% of spending. $75,000 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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