2024-04-01T16:48:12-05:00 2023-05-31 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2022-06-01 363548649 Fargo Youth Hockey Association FARG 7012354300 831 17th Ave N Fargo ND 58102 Dan Ness Treasurer 7012354300 2024-03-30 1 Dan Ness 999009999 1 Lisa Chaffee CPA P00193453 7012551091 2024-03-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Jennifer Thompson 831 17th Ave N Fargo ND 58102 2986025 0 X www.fargohockey.org X 1988 ND Support and sponsor youth hockey teams and operate a youth ice arena in Fargo, North Dakota. 7 7 25 460 0 0 131846 84174 1375888 1346776 92 3287 311793 378788 1819619 1813025 7000 3245 0 0 462099 486579 0 0 0 1369553 1424327 1838652 1914151 -19033 -101126 1287012 4151458 39126 3004698 1247886 1146760 X The Corporation's mission is to promote, develop and administer a youth hockey program. 0 0 1035933 3245 549050 The Organization sponsors youth hockey teams and operates a youth ice arena in Fargo, North Dakota. This year there were 792 registered players and a total of 71 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. 477718 856562 The organization hosted multiple regional tournaments and international/national youth hockey tournaments. There were 372 teams participating in the regional and international/national tournaments. 1513651 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 135 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 0 1 0 0 0 1 0 0 0 1 0 0 X Jeannie Baskerville 7012354300 831 17th Ave N Fargo ND 58106 Jennifer Thompson President 5.00 X X 0 0 0 Maulik Dabhi Vice President 5.00 X X 0 0 0 Blake Nelson Treasurer 5.00 X X 0 0 0 Dan Ness Secretary 5.00 X X 0 0 0 Jared Nyquist Member at Large 5.00 X 0 0 0 Richard Hell Member at Large 5.00 X 5795 0 0 Monte Fischer Member at Large 5.00 X 0 0 0 Jeffrey Nygaard Executive Director 40.00 X 106750 0 2703 112545 0 2703 1 0 0 0 0 84174 84174 Tournament Fees 713990 723483 723483 Program Fees 713990 519387 519387 Ice Rental 713990 64450 64450 Hockey Clinics & Camps 713990 30342 30342 9114 9114 1346776 3287 3287 112768 112768 205 0 205 205 1375273 1168294 206979 206979 63542 4706 58836 58836 1813025 1405612 0 323239 3245 3245 117490 6250 111240 322932 87465 235467 5774 1932 3842 5120 1098 4022 35263 7559 27704 13125 13125 101359 101359 1886 1886 77219 72119 5100 115304 115304 19365 19365 30212 30212 9665 9665 Tournament 459005 459005 Ice Rental 311222 311222 Registration Fees 129216 129216 Clothing 31059 31059 125690 125690 1914151 1513651 400500 0 160 160 877184 812215 8124 8631 3000 35325 1580825 1300698 281214 280127 3000000 117330 15000 1287012 4151458 39126 4698 0 3000000 39126 3004698 X 0 0 0 0 1247886 1146760 1247886 1146760 1287012 4151458 -101126 0 X 0 0 0 X 187902 237974 248289 131846 84174 890185 1675886 1690881 1512773 1602433 2785796 9267769 1863788 1928855 1761062 1734279 2869970 10157954 20375 23875 22329 20900 4110 91589 0 20375 23875 22329 20900 4110 91589 10066365 106889 125073 83021 117741 116055 548779 106889 125073 83021 117741 116055 548779 1970677 2053928 1844083 1852020 2986025 10706733 0.94020 0.93230 0.05130 0.05690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1168812 958975 209837 412013 341723 70290 280127 Sponsorship Liability 3000000 3000000 1243313 1098207 7350 48353 0 131960 7650 5000 1734 1 1.00000 1375273 1105857 5000 7350 50087 1168294 206979 ND 1 0 1 0 0.48000 0.52000 Jeannie Baskerville 2101 25th Ave S Fargo ND 58103 0 Wyatt Hanson 4145 Manages gaming activity X 0 1 Player Registration Scholarships 3 3245 Part I, Line 2: In order to qualify for a registration scholarship, an application must be filled out and the individual must provide proof that they are part of the reduced or free lunch program in the individual's school. The registration scholarship is income based. A committee reviews the applications and awards the registration scholarships. If awarded, the registration fee is waived with the exception of $100. Form 990, Part VI, Section A, line 1a The Organization has an Executive Committee which is comprised of the President, Past President, Executive Vice President, Treasurer, Secretary, Vice President of Hockey Operations, and Vice President of Hockey Programs. They are generally responsible for conducting the affairs and business of the Corporation between meetings and have other specific authority as may be delegated to them by resolution of the Board of Directors, however they did not act during the year. Form 990, Part VI, Section A, line 4 The Organization amended the bylaws. The following significant changes were made: -The board of directors shall have no fewer than three and no more than seven directors and collectively they shall be known as the Board of Directors. The President, Vice President, Treasurer, Secretary, and three at-large positions shall be members of the Board of Directors with a term coterminous with the term of the executive office. -The officers of the Corporation shall consist of a President, Vice President, Treasurer, Secretary, and three at-large positions. -At-Large members will be assigned member-specific oversight to its members to the following areas: Recruiting and Retention, Fundraising, Sponsorship and Tournaments, Hockey/Programming. Form 990, Part VI, Section A, line 6 Membership in the Corporation shall consist of the following classes of membership: (1) Family Members; and (2) Associate Members. Family Membership: The parent(s) and/or guardian(s) of a player who resides in the jurisdictional area granted to the Corporation by the Corporation's local affiliate agreement with the local governing body in effect from time to time and who is registered to play in the Corporation's programs are eligible for one collective family membership for their qualifying child(ren) (collectively, a "Family Member"). Only one Family Member membership shall be allowed for each family unit regardless of how many youth that family has registered for play in the Corporation's programs. In addition, a qualifying youth may be part of only one Family Member (e.g., the child's father and mother cannot each obtain a separate family membership). Associate Membership: Each member of the Corporation's Board of Directors that is not a parent or guardian in a family unit that is a Family Member automatically shall be an Associate Member for a period coterminous with such person's term as a member of the Board of Directors. The Board of Directors from time to time may grant associate membership to persons interested in becoming actively involved with the Corporation that are not otherwise eligible for any other class of membership. No person may hold more than one class of membership at any time. For example, a parent or guardian in a family unit that is a Family Member may not also be an Associate Member; provided, however, a step-parent in a family unit that is a Family Member would not be prohibited from applying to be an Associate Member. Form 990, Part VI, Section A, line 7a Each Associate Member in good standing shall be entitled to one vote on each matter submitted to a vote of the members. Each Family Member in good standing shall be entitled to two votes on each matter submitted to a vote of the members. For the avoidance doubt, each Family Member membership gets two votes in the aggregate (each person in the family unit that is the Family Member holding the family membership does not get two votes). The two votes of a Family Member shall be divided equally between the parents and guardians in the family unit but each parent or guardian may designate in the membership application another parent, guardian, step-parent or grandparent in the family unit to cast his or her vote. Form 990, Part VI, Section A, line 8b The Organization has an Executive Committee but they did not act during the year. Form 990, Part VI, Section B, line 11b A copy of the Form 990 was distributed to the Board of Directors for review via email prior to it being filed. Form 990, Part VI, Section B, line 15a The search and interview committee, consisting of several board members, took many things into consideration when determining the compensation for the Executive Director. The committee considered what other FYHA positions were being paid and what, if any of their responsibilities applied to the position. The committee also looked at other hockey associations of similar size and obtained Executive Director compensation information from them, to confirm compensation was the appropriate salary range for the position. Form 990, Part VI, Section C, line 19 The governing documents and financial statements are available to the public upon request. Part X: 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.