Fargo-Moorhead Curling Club

What it reported doing in 2024

The organization's purpose is to promote the sport of curling, to provide a facility to participate in the sport, to increase the participants' skills and to conduct bonspiels and other competitions. The organization remained steady with about 700 members during the current fiscal year. There were a total of 12 full year leagues for the current year, including 2 men's leagues, 2 youth leagues, 4 open leagues, 2 novice leagues, and also 1 women's league and 1 mixed doubles league. There was also Kid's Curl - a part year league for 5-9 year olds so they could try out curling at a younger age. The youth league has increased now, special "lighter" full size curling rocks were purchased.(Continued on Schedule O)The organization hosted various sessions for youth, "Learn to Curl" sessions, as well as curling lessons and open curling. Throughout the year, groups from various organizations came in to learn about curling, including students from area schools. There were three Mini-Leagues in place. These leagues are six weeks each in length to allow new curlers to get a feel for a league and to see if they enjoy the sport of Curling. During the fiscal year, several bonspiels (tournaments) were held. - The "Woodchipper" Bonspiel was held in October 2024- A Bantam (youth) Bonspiel was held in November 2024- The regular Open Bonspiel was held in December 2024- The "Green" Bonspiel was held in January 2025- The "Five Clubs" Bonspiel was held in March 2025 The five curling clubs involved in this are Fargo-Moorhead, Sioux Falls, Aberdeen, Yankton and Brookings, South Dakota curling clubs. These four South Dakota clubs do not have "dedicated" ice, so they like to come and get bonspiel experience on dedicated ice. This event has grown quite nicely over the past few years. The Junior Qualifier Event was held in January 2025, This event promotes youth curling. Teams/competitors and spectators enjoy it. This event rotates between curling clubs each year.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 90.1%; rating input score 90
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -14.2%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 5.91; rating input score 82; 82nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 1% per year; rating input score 100; 35th percentile among comparable filings
• Revenue growth: -1.2% per year; rating input score 0; 19th percentile among comparable filings
• Asset growth: 5.1% per year; rating input score 100; 47th percentile among comparable filings