2026-04-10T14:13:48-05:00 2025-05-31 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2024-06-01 450373698 Fargo Theatre Management Corporation FARG 7012398385 314 Broadway Fargo ND 58102 Trevor Mathew President 7012398385 2026-03-29 1 1 Lisa Chaffee CPA P00193453 7012551091 2026-03-29 2024 2025-03-06 01:10:19Z Emily Beck 314 Broadway Fargo ND 58102 1361983 0 X www.fargotheatre.org X 1983 ND To preserve the Theatre and promote the arts. 15 15 31 245 0 0 171199 740427 400411 381327 16134 23455 83009 76384 670753 1221593 0 0 0 0 285764 288627 0 90000 216805 449522 482626 735286 861253 -64533 360340 1663615 2016423 367065 359533 1296550 1656890 X To preserve the historic integrity of the Fargo Theatre while expanding the Theatre's ability to meet the artistic and entertainment needs of increasingly diverse audiences, performers and filmmakers.(Continued on Schedule O)To effectively maintain a state of the art screen and stage for critically acclaimed film and classic film, live theatre, special events and tours. To ensure a home for the mighty Wurlitzer theatre pipe organ. To serve as an anchor for a vital downtown. To honor our past providing an unbroken thread of common entertainment and educational experience for generations of Fargo-Moorhead residents and visitors. 0 0 403758 389517 One of the missions of the Fargo Theatre is to meet the artists and entertainment needs of increasingly diverse audiences, performers, and filmmakers. A diverse slate of film and live events provides the community with a wide selection of arts programming. In Fiscal Year 24-25, the Fargo Theatre screened 41 new-release films, 12 classic films, and 24 specialty film festivals/series including the FM LGBT Film Festival and Kids' Flicks. The Theatre also hosted 58 live events including performances by local arts organizations and professional touring artists.The Theatre is open a minimum of six days a week, offering a variety of motion pictures and performances in a historic setting. The Theatre typically averages more than 67,000 audience members a year. A variety of free or low-cost programming is also offered. These opportunities include the annual Martin Luther King Jr. Day Celebration and Holiday Pipes concerts (free admission) and the Kids' Flicks movie series ($3 admission). The Theatre also hosts a free monthly Film Club to build community and foster conversation. The Fargo Theatre's long-term objective is to continue to meet the artistic and entertain needs of the community as the city's population grows. Theatre programming staff and volunteer teams ensure that the slate of programming is inclusive and offers diverse artistic voices and representation. 48975 68194 The annual Fargo Film Festival receives films submissions from around the world to be juried by community volunteers. The goal of the festival is to celebrate film artistry while connecting local audiences to innovative, independent cinema and the artists responsible for creating it. The 2025 festival received 337 submissions from 36 countries. The juries selected 102 films to play in competition. Festival leaders programmed 4 films to play as invited selections and an additional 53 very short films played as a part of the festival's 2 Minute Movie Contest. Approximately 2,700 patrons attended throughout the festival's 5 days of screenings and events. Forty-five film artists traveled to Fargo to attend their screenings and interact with audiences. These appearances also enabled formal educational opportunities including moderated interviews, panel discussions, and guest academic lectures. There were also many informal opportunities for audience members and local filmmakers to socialize with visiting artists or ask them questions during Q&A sessions.The Fargo Film Festival's long-term objective is to continue providing an exhibition platform for independent filmmakers while giving local audiences educational opportunities and the change to see unique, original, and artistically relevant motion pictures. 452733 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Betsy Dreessen 7013679376 314 Broadway Fargo ND 58102 Kirsten Jensen Immediate Past President 1.00 X X 0 0 0 Trevor Mathew President 1.00 X X 0 0 0 Cody Schuler Vice President 1.00 X X 0 0 0 Janet Brandau Secretary 1.00 X X 0 0 0 Steve Wood Treasurer 1.00 X X 0 0 0 Mark Kolstad Board Member 1.00 X 0 0 0 Lisa Edison-Smith Board Member 1.00 X 0 0 0 Greg Carlson Board Member 1.00 X 0 0 0 Veronica Michael Board Member 1.00 X 0 0 0 Kendra O'Brien Board Member 1.00 X 0 0 0 Danielle Erdmann Board Member 1.00 X 0 0 0 Jane Mathew Board Member 1.00 X 0 0 0 Christine McClellan Board Member 1.00 X 0 0 0 Christine Hoper Board Member as of June 2024 1.00 X 0 0 0 Austan Wellman Board Member as of June 2024 1.00 X 0 0 0 Julie Peterson-Klein Board Member until December 2024 1.00 X 0 0 0 Emily Beck Executive Director 40.00 X 67400 0 2927 Elizabeth Weekly-Dreessen Finance Manager 10.00 X 19962 0 0 87362 0 2927 0 0 0 0 0 45020 10499 684908 10000 740427 Film Revenue 512000 120152 120152 Theatre Rent 512000 118915 118915 Event Revenue 512000 98483 98483 Technical Fees 512000 35651 35651 8126 8126 381327 23455 23455 216774 140390 76384 76384 1221593 457711 0 23455 92169 18012 38133 36024 160682 109917 28587 22178 10678 8050 1961 667 25098 15768 5024 4306 9476 9476 90000 90000 3238 2692 546 79323 52798 23057 3468 104465 68677 35788 17739 13304 4435 115463 83133 32330 28263 17129 11134 Film Rental and Freight 62921 62921 Event Expenses 47991 47991 Capital Campaign Expens 11625 11625 2122 332 1790 861253 452733 191715 216805 494710 473843 7100 375053 23159 41846 7236 8082 9956 29643 4158863 3079880 1110088 1078983 11366 8973 1663615 2016423 31893 42018 323353 307935 11819 9580 367065 359533 X 1289450 1162643 7100 494247 1296550 1656890 1663615 2016423 360340 0 X 0 1 X 1 0 X 302194 557788 151955 171199 740427 1923563 37222 406308 511018 620939 598101 2173588 339416 964096 662973 792138 1338528 4097151 0 0 0 4097151 4308 4563 6306 16134 23455 54766 4308 4563 6306 16134 23455 54766 343724 968659 669279 808272 1361983 4151917 0.98680 0.98850 0.01320 0.01150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 72651 72651 3681752 2698910 982842 404460 380970 23490 1078983 Financing Lease Liability 9580 9580 X 1415553 53570 53570 1361983 -140390 -140390 1221593 1055213 53570 140390 193960 861253 0 861253 Part V, Line 4: The Fargo Theatre has transferred assets to the F-M Area Foundation (Foundation) which is holding them as an endowment component fund (Fund) for the benefit of the Fargo Theatre. The Fargo Theatre has granted the Foundation variance power which gives the Foundation's Board of Trustees the power to use the Fund for other purposes in certain circumstances. The Fund is subject to the Foundation's investment and spending policies which currently result in distributions to the Fargo Theatre. Part X, Line 2: The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Cost of Goods Sold -140,390. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 140,390. X X X 1 Do Good Better Consulting Inc 205 Sheyenne St 4 West Fargo ND 58078 Provide fundraising for Capital Campaign 0 0 90000 0 90000 MN ND Form 990, Part VI, Section A, line 1a The Executive Committee shall include in its membership the President, Vice President, Secretary, and Treasurer and 5 directors at large. The Executive Director shall sit on the Executive Committee ex officio. Unless a different person is designated Chair of the Executive Committee by resolution of the Board, the President of the Board shall serve as Chair. All members of the Executive Committee shall be voting members of the Board of Directors. The Board of Directors shall reserve to itself alone the power to authorize spending sums on behalf of the Corporation in excess of $5,000.00; to employ, retain or discharge the Executive Director; to borrow money on behalf of the Corporation; and to pledge, mortgage or convey Corporate property, whether real or personal. The Executive Committee shall, during intervals between meetings of the Board, exercise all the powers of the Board in the management of the business and affairs of the Corporation, except as otherwise provided by law, these By-Laws, or by resolution of the Board. The presence of a majority of the members of the Executive Committee then serving in office shall be necessary and sufficient to constitute a quorum, and the act of a majority of the members of the Executive Committee present at a meeting of the Committee at which a quorum is present shall be the act of the Committee. The Committee shall keep minutes of the Executive Committee, which shall be distributed to all members of the Board of Directors. All actions by the Committee shall also be reported to the Board at its next meeting and shall be subject to approval by the Board. Form 990, Part VI, Section A, line 2 Board Members Trevor Mathew and Jane Mathew have a family relationship. Form 990, Part VI, Section A, line 6 There is only one class of members. All persons who have continued financial support in the last fiscal year shall be considered members who have voting privileges. Form 990, Part VI, Section A, line 7a All persons who have continued financial support in the last fiscal year shall be considered members who have voting privileges. The Board of Directors and Officers are elected at the annual meeting of the members. Each member has one vote. Form 990, Part VI, Section B, line 11b The Board Treasurer, Finance Manager, and Executive Director will review the Form 990. Following their review, the Form 990 will be presented to the board at a board meeting prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c Any person serving as an officer, employee, member of the Board of Directors, a major donor to, or anyone else who is in a position of control over Fargo Theatre is required to report any potential conflicts of interest. In the event it is not entirely clear that a Conflict of Interest exists, the individual with the potential conflict shall disclose the circumstances to his or her supervisor, the Chair, or the Chair's designee, who shall determine whether full board discussion is warranted or whether there exists a Conflict of Interest that is subject to this policy. A person who has a conflict of interest shall not participate in or be permitted to hear the board's or committee's discussion of the matter except to disclose material facts and to respond to questions. Such person shall abstain from voting, and not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. Form 990, Part VI, Section B, line 15 In May of each year, the Executive Board meets and determines a salary increase for the Executive Director position as appropriate based on performance over the prior two years and the projected budget. Form 990, Part VI, Section C, line 19 These documents are available upon request.