Civic Intelligence

The Bakken

990 • Fiscal year 2018 • EIN 51-0175508

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 20, 2019

Organization ProfileWWW.THEBAKKEN.ORG

View Organization Page

3537 Zenith Ave SMinneapolis, MN 55416-4623

(612) 926-3878

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.06x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

36th percentile

-0.3%

Higher net margin than 36% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$130,766

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

39th percentile

-0.8%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

68%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$7,320,834

Down $56,121 (-0.8%) from 2017

Net Assets

Down

$7,169,457

Down $8,063 (-0.1%) from 2017

Liabilities

Down

$151,377

Down $48,058 (-24%) from 2017

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin36th percentile

Revenue

Up

$2,456,695

Up $782,690 (+47%) from 2017

Expenses

Down

$2,464,758

Down $20,366 (-0.8%) from 2017

Net Income

Up

-$8,063

Up $803,056 (+99%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $9,613,372Liabilities 2010: $98,387Net Assets 2010: $9,514,9852010Assets 2011: $9,274,786Liabilities 2011: $169,361Net Assets 2011: $9,105,4252011Assets 2012: $8,822,534Liabilities 2012: $129,358Net Assets 2012: $8,693,1762012Assets 2013: $8,582,171Liabilities 2013: $134,625Net Assets 2013: $8,447,5462013Assets 2014: $8,105,497Liabilities 2014: $165,272Net Assets 2014: $7,940,2252014Assets 2015: $9,525,966Liabilities 2015: $201,637Net Assets 2015: $9,324,3292015Assets 2016: $8,210,247Liabilities 2016: $221,608Net Assets 2016: $7,988,6392016Assets 2017: $7,376,955Liabilities 2017: $199,435Net Assets 2017: $7,177,5202017Assets 2018: $7,320,834Liabilities 2018: $151,377Net Assets 2018: $7,169,4572018Assets 2019: $18,823,003Liabilities 2019: $204,961Net Assets 2019: $18,618,0422019Assets 2020: $18,893,577Liabilities 2020: $930,820Net Assets 2020: $17,962,7572020Assets 2021: $18,952,079Liabilities 2021: $384,501Net Assets 2021: $18,567,5782021Assets 2022: $16,697,297Liabilities 2022: $570,813Net Assets 2022: $16,126,4842022Assets 2023: $16,750,957Liabilities 2023: $1,089,549Net Assets 2023: $15,661,4082023Assets 2024: $16,504,732Liabilities 2024: $683,616Net Assets 2024: $15,821,1162024

Highlighted filing

2018

Assets$7,320,834
Liabilities$151,377
Net Assets$7,169,457
Open 2018 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,156,2132010Expenses 2011: $2,210,8442011Expenses 2012: $2,244,6352012Revenue 2013: $1,923,912Expenses 2013: $2,169,542Net Income 2013: -$245,6302013Revenue 2014: $1,793,200Expenses 2014: $2,300,521Net Income 2014: -$507,3212014Revenue 2015: $3,974,526Expenses 2015: $2,540,717Net Income 2015: $1,433,8092015Revenue 2016: $1,252,473Expenses 2016: $2,621,584Net Income 2016: -$1,369,1112016Revenue 2017: $1,674,005Expenses 2017: $2,485,124Net Income 2017: -$811,1192017Revenue 2018: $2,456,695Expenses 2018: $2,464,758Net Income 2018: -$8,0632018Revenue 2019: $14,410,600Expenses 2019: $2,962,015Net Income 2019: $11,448,5852019Revenue 2020: $1,702,238Expenses 2020: $3,547,082Net Income 2020: -$1,844,8442020Revenue 2021: $3,559,715Expenses 2021: $2,712,859Net Income 2021: $846,8562021Revenue 2022: $1,802,676Expenses 2022: $3,049,100Net Income 2022: -$1,246,4242022Revenue 2023: $1,591,475Expenses 2023: $3,053,300Net Income 2023: -$1,461,8252023Revenue 2024: $1,740,073Expenses 2024: $2,677,974Net Income 2024: -$937,9012024

Highlighted filing

2018

Revenue$2,456,695
Expenses$2,464,758
Net Income-$8,063
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 20, 2019
Return Version
2018v3.1
Gross Receipts
$2,470,634
Mission and Program Overview

Mission

To inspire a passion for innovation by exploring the potential for science, technology, and the humanities to make the world a better place.

To inspire a passion for innovation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,059,439$1,730,534▼ $328,905
Cash and Non-Interest-Bearing Accounts$794,956$1,438,315▲ $643,359
Savings and Temporary Cash Investments$9,883$79,912▲ $70,029
Pledges and Grants Receivable$281,141$49,917▼ $231,224
Accounts Receivable$37,394$35,484▼ $1,910
Inventories for Sale or Use$17,740$16,698▼ $1,042
Prepaid Expenses and Deferred Charges$11,245$14,338▲ $3,093
Total Assets$7,376,955$7,320,834▼ $56,121
Other Assets Total$4,165,157$3,955,636▼ $209,521
Liabilities
Accounts Payable and Accrued Expenses$105,877$70,389▼ $35,488
Mortgage Notes Payable Secured by Investment Property$63,948$44,164▼ $19,784
Deferred Revenue$24,455$33,607▲ $9,152
Other Liabilities$5,155$3,217▼ $1,938
Total Liabilities$199,435$151,377▼ $48,058
Net Assets / Fund Balance
Unrestricted Net Assets$5,111,177$4,944,577▼ $166,600
Temporarily Rstr Net Assets$2,066,343$2,224,880▲ $158,537
Total Net Assets Fund Balance$7,177,520$7,169,457▼ $8,063
Total Liabilities and Net Assets / Fund Balance$7,376,955$7,320,834▼ $56,121

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,590,680$5,063,896$6,654,576
Equipment$111,268$144,823$256,091
Other Land Buildings$28,586$22,544$51,130
Other Assets Org$1,007,113--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SandersExecutive DirectorFT$119,750$11,016$130,766

Board Members and Trustees

NameTitle
Brad BakkenBoard President
Matthew HuntBoard Vice President
Ann LaddBoard Secretary
Georgine L BuschBoard Treasurer
Andrew BachmanDirector
Barb StinnettDirector
Carl StampDirector
Caroline Leab ByrdDirector
Catherine JenningsDirector
David WhitmanDirector
Doreen BortelDirector
Heather WalchDirector
Janet SwedalDirector
Jeff HillinsDirector
John UribeDirector
Kandace OlsenDirector
Kathy ScogginDirector
Lawrence BickDirector
Lesa RamosDirector
Mark Van OsnabruggeDirector
Rebecca BergmanDirector
Timothy DenisonDirector
Earl E BakkenDirector Emeritus
Revenue and Support

Revenue Composition

Contributions and Grants
$1,779,075
Program Service Revenue
$659,310
Investment Income
$29
Other Revenue
$18,281
All Other Contributions
$1,779,075
Change in Net Assets
$-8,063

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,456,695
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$13,939
Total Revenue per Audited Statements
$2,470,634
Total Revenue per Form 990
$2,456,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,375,329
Other Expenses$1,089,429
Total Fundraising Expense$351,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$847,732$100,413$117,599$1,065,744
Depreciation Depletion$262,011$34,980$38,444$335,435
Fees for Services Other$190,344$2,335$63,529$256,208
Occupancy$108,537$14,211$15,151$137,899
Current Officers, Directors, Trustees, and Key Employees-$65,383$65,383$130,766
Office Expenses$76,832$5,995$10,600$93,427
Payroll Taxes$62,975$11,671$13,360$88,006
Other Employee Benefits$54,176$351$9,701$64,228
Advertising$35,131$180-$35,311
Insurance$22,717$3,033$3,333$29,083
Fees for Services Accounting-$27,455-$27,455
Pension Plan Contributions$22,512$1,808$2,265$26,585
Conferences and Meetings$6,082$2,279$5,869$14,230
Travel$8,481$4,180$1,534$14,195
Other Expenses$3,183$4,384$414$7,981
Information Technology$3,035$1,423$2,953$7,411
Interest-$2,826-$2,826
Total Functional Expenses$1,729,093$384,090$351,575$2,464,758

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,478,697
Expenses per Audited Statements$2,464,758
Total Expenses per Form 990$2,464,758
Expenses Not Reported on Form 990$13,939
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Agreements$3,217
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

“The board of directors may, by unanimous affirmative action of the entire board, designate two or more of its members as an executive committee which, to the extent determined by the resolution of the board, shall have and exercise the authority of the board in the management of the business of the corporation. The executive committee shall act only in the intervals between meetings of the board and shall at all times be subject to the control and direction of the board.”

Form 990, Part VI, Section A, Line 2

“Earl bakken and brad bakken - family relationship”

Form 990, Part VI, Section B, Line 11B

“The bakken's management reviews the form 990. The finance committee and senior staff meet to review and approve the return. The return is then sent to the governing body prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The bakken annually asks all trustees and key employees to complete a conflict of interest form. Conflicts are reviewed by the executive director with the board governance committee. Trustees or key employees who disclose conflicts are required to refrain from discussing or voting on the particular transaction in which he/she has an interest, or otherwise attempting to exert any influence on the bakken or its components to affect a decision to participate or not participate in such transaction. All proceeding related to conflicts of interest are documented in the meeting minutes.”

Form 990, Part VI, Section B, Line 15A

“The personnel committee of the bakken board of directors evaluates the performance of the executive director, and considers that in relation to at least two salary surveys, including the most recent mn council of nonprofits salary and benefits survey, in determining compensation for the executive director. The committtee makes a recommendation to the full board and the action is documented in the minutes. The process was last undertaken in 2018. The executive director evaluates the performance of the director of finance and administration and determines compensation within the salary range for the position, which is established by human resources staff or a consultant. All staff compensation is approved by the board as part of the organization's budget process. The process was last undertaken in 2018.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements are available to the public through the use of their website. The organization's governing documents and conflict of interest policy are not available to the public.”

Filing and Contact Details

Filer

Filer Name
The Bakken
EIN
51-0175508
Phone
6129263878
Address
3537 ZENITH AVE S, MINNEAPOLIS, MN 55416-4623

Signing Officer

Name
Michael Sanders
Title
Executive Director
Phone
6129263878
Signed
2019-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Sanders
Formed
1975
Legal Domicile
Mn
Voting Board Members
20
Independent Board Members
19
Employees
57
Volunteers
142

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Heidi Tatro
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Program consulting services: program service expenses 190,344. Management and general expenses 2,335. Fundraising expenses 63,529. Total expenses 256,208.”

Financial Statement Notes

PART III, LINE 4:

“The bakken museum has a collection of approximately 11,000 rare books and 2,300 artifacts documenting the history of electricity and magnetism. The collection offers a unique resource to scholars, scientists, students, teachers, physicians, and the general public. The collection is utilized in changing exhibits, public programs, and as a source of information for k-12 educational programs to inspire greater interest in and understanding of science.”

PART X, LINE 2:

“The organization follows guidance in the income tax standard regarding the recognition of uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The organization is not aware of any uncertain tax positions taken. The organization's tax returns are subject to review and examination by federal and state authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 13,939.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 13,939.”

Raw XML AppendixShowing 400 of 627 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0EXHIBITS AND COLLECTIONS: THE BAKKEN COLLECTS, PRESERVES, AND ASSISTS RESEARCHERS IN USING ITS WORLD-RENOWNED HISTORICAL COLLECTION OF ABOUT 11,000 RARE BOOKS AND MANUSCRIPTS AND 2,500 ARTIFACTS. CHANGING EXHIBITS THROUGHOUT THE BAKKEN MUSEUM UTILIZE THE HISTORICAL COLLECTION AND HANDS-ON DISPLAYS TO EDUCATE AND INSPIRE VISITORS. PARTNERSHIPS WITH PEER MUSEUMS AND LOCAL CORPORATIONS ALLOW COLLABORATION ON BOTH INTERNAL EXHIBITS AND TRAVELING COLLECTIONS. IN 2018, THE BAKKEN MUSEUM'S EXHIBITS AND COLLECTIONS WERE EXPERIENCED BY 31,716 VISITORS.
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IRS990/Form990PartVIISectionAGrp/PersonNm0BRAD BAKKEN
IRS990/Form990PartVIISectionAGrp/PersonNm1EARL E BAKKEN
IRS990/Form990PartVIISectionAGrp/PersonNm2MATTHEW HUNT
IRS990/Form990PartVIISectionAGrp/PersonNm3GEORGINE L BUSCH
IRS990/Form990PartVIISectionAGrp/PersonNm4ANN LADD
IRS990/Form990PartVIISectionAGrp/PersonNm5ANDREW BACHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6REBECCA BERGMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7LAWRENCE BICK
IRS990/Form990PartVIISectionAGrp/PersonNm8DOREEN BORTEL
IRS990/Form990PartVIISectionAGrp/PersonNm9TIMOTHY DENISON
IRS990/Form990PartVIISectionAGrp/PersonNm10JEFF HILLINS
IRS990/Form990PartVIISectionAGrp/PersonNm11CATHERINE JENNINGS
IRS990/Form990PartVIISectionAGrp/PersonNm12CAROLINE LEAB BYRD
IRS990/Form990PartVIISectionAGrp/PersonNm13KANDACE OLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm14LESA RAMOS
IRS990/Form990PartVIISectionAGrp/PersonNm15KATHY SCOGGIN
IRS990/Form990PartVIISectionAGrp/PersonNm16CARL STAMP
IRS990/Form990PartVIISectionAGrp/PersonNm17BARB STINNETT
IRS990/Form990PartVIISectionAGrp/PersonNm18JANET SWEDAL
IRS990/Form990PartVIISectionAGrp/PersonNm19JOHN URIBE
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK VAN OSNABRUGGE
IRS990/Form990PartVIISectionAGrp/PersonNm21HEATHER WALCH
IRS990/Form990PartVIISectionAGrp/PersonNm22DAVID WHITMAN
IRS990/Form990PartVIISectionAGrp/PersonNm23MICHAEL SANDERS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23119750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02470634
IRS990/GrossSalesOfInventoryAmt019307
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02953
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01423
IRS990/InformationTechnologyGrp/ProgramServicesAmt03035
IRS990/InformationTechnologyGrp/TotalAmt07411
IRS990/InsuranceGrp/FundraisingAmt03333
IRS990/InsuranceGrp/ManagementAndGeneralAmt03033
IRS990/InsuranceGrp/ProgramServicesAmt022717
IRS990/InsuranceGrp/TotalAmt029083
IRS990/InterestGrp/ManagementAndGeneralAmt02826
IRS990/InterestGrp/TotalAmt02826
IRS990/InventoriesForSaleOrUseGrp/BOYAmt017740
IRS990/InventoriesForSaleOrUseGrp/EOYAmt016698
IRS990/InvestmentIncomeGrp/ExclusionAmt029
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05231263
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02059439
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01730534
IRS990/LandBldgEquipCostOrOtherBssAmt06961797
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE BAKKEN MUSEUM INSPIRES A PASSION FOR INNOVATION BY EXPLORING THE POTENTIAL FOR SCIENCE, TECHNOLOGY, AND THE HUMANITIES TO MAKE THE WORLD A BETTER PLACE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt063948
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt044164
IRS990/NetAssetsOrFundBalancesBOYAmt07177520
IRS990/NetAssetsOrFundBalancesEOYAmt07169457
IRS990/NetIncomeOrLossGrp/ExclusionAmt05368
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt05368
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt015943
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015151
IRS990/OccupancyGrp/ManagementAndGeneralAmt014211
IRS990/OccupancyGrp/ProgramServicesAmt0108537
IRS990/OccupancyGrp/TotalAmt0137899
IRS990/OfficeExpensesGrp/FundraisingAmt010600
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05995
IRS990/OfficeExpensesGrp/ProgramServicesAmt076832
IRS990/OfficeExpensesGrp/TotalAmt093427
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04165157
IRS990/OtherAssetsTotalGrp/EOYAmt03955636
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09701
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0351
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054176
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064228
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1TAXES AND FEES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT AND REPAIRS
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOP/RECRUIT
IRS990/OtherExpensesGrp/FundraisingAmt0134
IRS990/OtherExpensesGrp/FundraisingAmt11306
IRS990/OtherExpensesGrp/FundraisingAmt2414
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt085000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21033
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt34384
IRS990/OtherExpensesGrp/ProgramServicesAmt016253
IRS990/OtherExpensesGrp/ProgramServicesAmt19092
IRS990/OtherExpensesGrp/ProgramServicesAmt23183
IRS990/OtherExpensesGrp/TotalAmt085000
IRS990/OtherExpensesGrp/TotalAmt131537
IRS990/OtherExpensesGrp/TotalAmt211431
IRS990/OtherExpensesGrp/TotalAmt37981
IRS990/OtherLiabilitiesGrp/BOYAmt05155
IRS990/OtherLiabilitiesGrp/EOYAmt03217
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt012913
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012913
IRS990/OtherRevenueTotalAmt012913
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0117599
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100413
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0847732
IRS990/OtherSalariesAndWagesGrp/TotalAmt01065744
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013360
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011671
IRS990/PayrollTaxesGrp/ProgramServicesAmt062975
IRS990/PayrollTaxesGrp/TotalAmt088006
IRS990/PensionPlanContributionsGrp/FundraisingAmt02265
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01808
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022512
IRS990/PensionPlanContributionsGrp/TotalAmt026585
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0281141
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt049917
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011245
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014338
IRS990/PrincipalOfficerNm0MICHAEL SANDERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATIONAL PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc1FACILITY USE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0559150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1100160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0559150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1100160
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION: THE BAKKEN PROVIDES CUTTING-EDGE EDUCATION PROGRAMS BOTH AT THE BAKKEN MUSEUM AND THROUGHOUT MINNESOTA. INCORPORATING STEM EDUCATION STANDARDS WITH VISUAL AND PARTICIPATORY ACTIVITIES, PROGRAMS RANGE FROM WEEK-LONG CAMPS TO FIELD TRIPS, DAY CAMPS, TRAVELING WORKSHOPS AND AUDITORIUM PRESENTATIONS, AMONG OTHERS. IN 2018, THE BAKKEN MUSEUM REACHED OVER 44,000 YOUTH THROUGH THESE PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0988818
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0440769

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,320,834
Liabilities
$151,377
Net assets
$7,169,457
Revenue
$2,456,695
Expenses
$2,464,758
Net income
-$8,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.5$0.68$15.8$1.74$2.68$0.94
2023Detailed filing. Detailed filing data is available for this year.$16.8$1.09$15.7$1.59$3.05$1.46
2022Detailed filing. Detailed filing data is available for this year.$16.7$0.57$16.1$1.80$3.05$1.25
2021Detailed filing. Detailed filing data is available for this year.$19.0$0.38$18.6$3.56$2.71$0.85
2020Detailed filing. Detailed filing data is available for this year.$18.9$0.93$18.0$1.70$3.55$1.84
2019Detailed filing. Detailed filing data is available for this year.$18.8$0.20$18.6$14.4$2.96$11.4
2018Detailed filing. Detailed filing data is available for this year.$7.32$0.15$7.17$2.46$2.46$0.01
2017Detailed filing. Detailed filing data is available for this year.$7.38$0.20$7.18$1.67$2.49$0.81
2016Detailed filing. Detailed filing data is available for this year.$8.21$0.22$7.99$1.25$2.62$1.37
2015Detailed filing. Detailed filing data is available for this year.$9.53$0.20$9.32$3.97$2.54$1.43
2014Detailed filing. Detailed filing data is available for this year.$8.11$0.17$7.94$1.79$2.30$0.51
2013Detailed filing. Detailed filing data is available for this year.$8.58$0.13$8.45$1.92$2.17$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.82$0.13$8.69$2.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.27$0.17$9.11$2.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.61$0.10$9.51$2.16