Nonprofit · EIN 45-0373698
FARGO THEATRE MANAGEMENT CORPORATION
Tax-exempt · FARGO, ND 58102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,221,593 | $861,253 | $360,340 | $2,016,423 | $359,533 | $1,656,890 |
| May 31, 2024 | 990 | $670,753 | $735,286 | -$64,533 | $1,663,615 | $367,065 | $1,296,550 |
| May 31, 2023 | 990 | $553,691 | $692,782 | -$139,091 | $1,739,444 | $378,361 | $1,361,083 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $740,427
- of which government grants
- $10,499
- Membership dues
- $45,020
- Program service revenue
- $381,327
- Investment income
- $23,455
- Net income from sales of inventory
- $76,384
- Other revenue
- $76,384
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $92,169
- Other salaries and wages
- $160,682
- Salaries, compensation and benefits (total)
- $288,627
- Professional fundraising fees
- $90,000
- Accounting fees
- $9,476
- Occupancy
- $104,465
- Depreciation
- $115,463
- Program services (functional)
- $452,733
- Management and general (functional)
- $191,715
- Fundraising (functional)
- $216,805
Balance sheet and other
- Total assets, start of year
- $1,663,615
- Total assets, end of year
- $2,016,423
- Total liabilities, end of year
- $359,533
- Net assets, end of year
- $1,656,890
- Land, buildings and equipment
- $1,078,983
- Net assets without donor restrictions
- $1,162,643
- Net assets with donor restrictions
- $494,247
- Gross receipts
- $1,361,983
- Employees
- 31
- Volunteers
- 245
- Year formed
- 1983
- State of legal domicile
- ND
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Emily Beck | Executive Director Officer | 40 | $67,400 | $2,927 |
| Elizabeth Weekly-Dreessen | Finance Manager Officer | 10 | $19,962 | $0 |
| Kirsten Jensen | Immediate Past President Trustee or director, Officer | 1 | $0 | $0 |
| Trevor Mathew | President Trustee or director, Officer | 1 | $0 | $0 |
| Cody Schuler | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Janet Brandau | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Steve Wood | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Mark Kolstad | Board Member Trustee or director | 1 | $0 | $0 |
| Lisa Edison-Smith | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Carlson | Board Member Trustee or director | 1 | $0 | $0 |
| Veronica Michael | Board Member Trustee or director | 1 | $0 | $0 |
| Kendra O'Brien | Board Member Trustee or director | 1 | $0 | $0 |
| Danielle Erdmann | Board Member Trustee or director | 1 | $0 | $0 |
| Jane Mathew | Board Member Trustee or director | 1 | $0 | $0 |
| Christine McClellan | Board Member Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Christine Hoper | Board Member as of June 2024 Trustee or director | 1 | $0 |
| Austan Wellman | Board Member as of June 2024 Trustee or director | 1 | $0 |
| Julie Peterson-Klein | Board Member until December 2024 Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Emily Beck | Executive Director Officer | 40 | $65,115 | $2,928 |
| Betsy Dreessen | Finance Manager Officer | 10 | $18,893 | $0 |
| Kirsten Jensen | President Trustee or director, Officer | 1 | $0 | $0 |
| Trevor Mathew | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Cody Schuler | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Steve Wood | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Tom Speer | Immediate Past President Trustee or director, Officer | 1 | $0 | $0 |
| Janet Brandau | Board Member Trustee or director | 1 | $0 | $0 |
| Kendra O'Brien | Board Member Trustee or director | 1 | $0 | $0 |
| Veronica Michael | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Carlson | Board Member Trustee or director | 1 | $0 | $0 |
| Julie Peterson-Klein | Board Member Trustee or director | 1 | $0 | $0 |
| Mark Kolstad | Board Member Trustee or director | 1 | $0 | $0 |
| Christine McClellan | Board Member Trustee or director | 1 | $0 | $0 |
| Lisa Edison-Smith | Board Member Trustee or director | 1 | $0 | $0 |
| Danielle Erdmann | Board Member Trustee or director | 1 | $0 | $0 |
| Jane Mathew | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Emily Beck | Executive Director Officer | 40 | $62,573 | $2,571 |
| Betsy Dreessen | Finance Manager Officer | 10 | $18,354 | $0 |
| Tom Speer | President Trustee or director, Officer | 1 | $0 | $0 |
| Amanda Booher | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Karen Stensrud | Secretary Trustee or director | 1 | $0 | $0 |
| Steve Wood | Treasurer Trustee or director | 1 | $0 | $0 |
| Cody Schuler | Board Member Trustee or director | 1 | $0 | $0 |
| Janet Brandau | Board Member Trustee or director | 1 | $0 | $0 |
| Kendra O'Brien | Board Member Trustee or director | 1 | $0 | $0 |
| Veronica Michael | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Carlson | Board Member Trustee or director | 1 | $0 | $0 |
| Julie Peterson-Klein | Board Member Trustee or director | 1 | $0 | $0 |
| Karla Hanson | Board Member Trustee or director | 1 | $0 | $0 |
| Trevor Mathew | Board Member Trustee or director | 1 | $0 | $0 |
| Kirsten Jensen | Board Member Trustee or director | 1 | $0 | $0 |
| Mark Kolstad | Board Member Trustee or director | 1 | $0 | $0 |
| Lisa Edison-Smith | Board Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 314 BROADWAY N, FARGO, ND 58102-4715
- Principal officer (990 for 2024)
- Emily Beck, 314 Broadway, Fargo, ND 58102
- Signed the 990
- Trevor Mathew, President
- Phone
- (701) 239-8385
- Website
- www.fargotheatre.org
- Return prepared by
- Eide Bailly LLP
Mission
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.
Program accomplishments
- 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.Expenses $403,758 · revenue $389,517
- 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.Expenses $48,975 · revenue $68,194
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0373698
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A600)
- Assets (IRS master file)
- $2,016,423
- Income (IRS master file)
- $1,361,983
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,221,593 | $861,253 | $2,016,423 | XML |
| 990 | May 2024 | $670,753 | $735,286 | $1,663,615 | XML |
| 990 | May 2023 | $553,691 | $692,782 | $1,739,444 | XML |
| 990 | May 2022 | $869,304 | $650,938 | $1,892,050 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0373698).
Questions about FARGO THEATRE MANAGEMENT CORPORATION
- What is the EIN of FARGO THEATRE MANAGEMENT CORPORATION?
- The employer identification number (EIN) of FARGO THEATRE MANAGEMENT CORPORATION is 45-0373698.
- Is FARGO THEATRE MANAGEMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to FARGO THEATRE MANAGEMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FARGO THEATRE MANAGEMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FARGO THEATRE MANAGEMENT CORPORATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FARGO THEATRE MANAGEMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FARGO THEATRE MANAGEMENT CORPORATION?
- The 990 for the year ended May 31, 2025 names Emily Beck.
- Who are the officers and directors of FARGO THEATRE MANAGEMENT CORPORATION?
- The 990 for the year ended May 31, 2025 lists 18 people; 2 received compensation from the organization, the highest $67,400 (Emily Beck, Executive Director).
- How much revenue does FARGO THEATRE MANAGEMENT CORPORATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,221,593, expenses of $861,253 and total assets of $2,016,423 at year end.
Other nonprofits in FARGO
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- FARGO-MOORHEAD SCIENCE MUSEUM EIN 83-1068911 · last filed 990 for 2024
- PLAINS ART MUSEUM EIN 41-1260780 · last filed 990 for 2025
- REAL PRESENCE RADIO EIN 45-0458973 · last filed 990 for 2024
- FARGO-MOORHEAD ORCHESTRAL EIN 45-0275135 · last filed 990 for 2025
- FARGO AIR MUSEUM EIN 45-0451637 · last filed 990 for 2024
- FARGO MOORHEAD OPERA COMPANY EIN 45-0307449 · last filed 990 for 2025
- FARGO MOORHEAD BALLET EIN 91-1768520 · last filed 990 for 2025
All nonprofits in FARGO · North Dakota · Arts, culture and humanities