TY 2015 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) RICHARD WALSTAD......................................................................
PRESIDENT

1.00
.................

(2) MICHAEL HAUGEN......................................................................
VICE PRESIDENT

1.00
.................

(3) STEVE BLAZEK......................................................................
TREASURER

1.00
.................

(4) DARROL SCHROEDER......................................................................
VICE PRESIDENT

1.00
.................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization
Fargo Airsho Inc

Employer identification number
45-0440151

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance

(1) FARGO AIR MUSEUM
1609 19TH AVE N
FARGO,ND58102

45-0451637

501(C)(3)

35,000

TO SUPPORT THE MISSION OF THE FARGO AIR MUSEUM.

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2015

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of non-cash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of non-cash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
Part I, Line 2:	THE ORGANIZATION'S BOARD OF DIRECTORS DISCUSSES AND DECIDES HOW FUNDS ARE TO BE SPENT.

Schedule I (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

Fargo Airsho Inc

Employer identification number

45-0440151

Return Reference	Explanation
Form 990, Part VI, Section A, line 8b	THERE IS NO OTHER COMMITTEE.
Form 990, Part VI, Section B, line 11	THE BOARD WILL REVIEW THE FORM 990 AND APPROVE IT BEFORE IT IS FILED WITH THE IRS.
Form 990, Part VI, Section C, line 19	THE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part IX, line 24e	PERSONNEL: Program service expenses 39,179. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,179. SMOKE OIL: Program service expenses 19,941. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,941. BANQUETS & RECEPTION: Program service expenses 18,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,700. FUEL/OIL: Program service expenses 12,876. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,876. GOLFCARTS: Program service expenses 8,898. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,898. SOUND SYSTEM: Program service expenses 8,650. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,650. ICAS & EDUCATION: Program service expenses 7,789. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,789. PYROTECHNICS: Program service expenses 5,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,000. T-SHIRTS & HATS : Program service expenses 3,272. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,272. RENTAL CARS: Program service expenses 1,772. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,772. MEETING EXPENSE: Program service expenses 1,239. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,239. BUSES: Program service expenses 600. Management and general expenses 0. Fundraising expenses 0. Total expenses 600. WRISTBAND & FLYERS: Program service expenses 504. Management and general expenses 0. Fundraising expenses 0. Total expenses 504. MISCELLANEOUS: Program service expenses 193. Management and general expenses 0. Fundraising expenses 0. Total expenses 193. SIGNS: Program service expenses 133. Management and general expenses 0. Fundraising expenses 0. Total expenses 133.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: THE PURPOSE OF THE AIR SHOW IS TO PROVIDE ENTERTAINMENT FOR AREA AND REGION RESIDENTS, AND PRODUCE TOURISM ACTIVITY FOR THE FARGO AREA. ANOTHER PURPOSE OF THE AIR SHOW IS TO PROVIDE EDUCATION AND AIRCRAFT HISTORY FOR THE PUBLIC.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	4
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	4
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	400
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	0	725,316
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	15	2,715
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	15	728,031
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	6,500	63,750
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	21,437	515,587
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	27,937	579,337
19	Revenue less expenses. Subtract line 18 from line 12.......	-27,922	148,694
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	150,953	276,739
21	Total liabilities (Part X, line 26).............	1,000	0
22	Net assets or fund balances. Subtract line 21 from line 20.....	149,953	276,739

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 577,225 including grants of $ 63,750 ) (Revenue $ 725,316 )
	PRODUCE "AIRSHO '15" IN AUGUST 2015, WHICH PROVIDES TOURISM ACTIVITY, EDUCATION AND AIRCRAFT HISTORY FOR THE PUBLIC.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses577,225

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

		Business Code
2a	TICKET REVENUE	711210	415,464	415,464
b	CHALET REVENUE	711210	130,492	130,492
c	CONCESSION REVENUE	711210	74,383	74,383
d	TABLES & VIP UPGRADE R	711210	42,282	42,282
e	SPONSORSHIPS	711210	32,050	32,050
f	All other program service revenue.			30,645	30,645
g Total.Add lines 2a–2f.....			725,316

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			2,715			2,715
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			728,031	725,316	0	2,715

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	61,750	61,750
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	2,000	2,000
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	67,133	67,133
13	Office expenses .......	2,112		2,112
14	Information technology ......	280	280
15	Royalties ..
16	Occupancy ...........
17	Travel ............	22,573	22,573
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	10,325	10,325
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	CHALET FOOD & DRINK	97,424	97,424
b	APPEARANCE FEES & ANNOU	74,938	74,938
c	RENTALS	65,864	65,864
d	SALES TAX	46,192	46,192
e	All other expenses	128,746	128,746
25	Total functional expenses. Add lines 1 through 24e	579,337	577,225	2,112	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		11,580	1	11,465
2	Savings and temporary cash investments .........		3,147	2	123,082
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............			4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
				6
7	Notes and loans receivable, net ....			7
8	Inventories for sale or use ........			8
9	Prepaid expenses and deferred charges ......		13,205	9	0
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .		123,021	11	142,192
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 34)...		150,953	16	276,739

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........	1,000	19	0
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	1,000	26	0

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	149,953	27	276,739
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	149,953	33	276,739
34	Total liabilities and net assets/fund balances ........	150,953	34	276,739