To inspire a passion for innovation

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$240K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $929K a year · 45% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$240K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Fine: 0.4 months of spending in cash, plus $7.7M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $630K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 22 voting members
Looks good: 21 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-12% vs prior year
Spent
$3.1M
To programs
69%
Net assets
$15.7M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$3.6M
FY2022$1.8M
FY2023$1.6M
FY2024$1.7M
Expenses
$3.1M
FY2023+0.1%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$2.7M
FY2022$3.0M
FY2023$3.1M
FY2024$2.7M
Net assets
$15.7M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$18.0M
FY2021$18.6M
FY2022$16.1M
FY2023$15.7M
FY2024$15.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $2.1M Management & general 18% · $535K Fundraising 13% · $403K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $240K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$135,000Pt VII · Sec A
Executive VP
$104,755Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Cheryl Jensen’s $73K as Interim CEO is at the 13th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alissa Light$45,208$135,000$42,801——
Michael Sanders———$123,372$123,372
Joe Imholte—$104,755$100,335——
Cheryl Jensen$72,846————
Heather Walch——$61,789——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Bakken executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires a passion for innovation through engaging programs and activities.

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Provided by the organization

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3 programs · $2.1M · in their own filed words · FY2023
01

Education Programs

The bakken provides science, technology, engineering and math (stem) experiences through offsite outreach programs, onsite field trips, invention camps, lego robotics sessions and innovators workshops. Our programs inspire the next generation of innovators to transform the future.

$1.4Mprogram expense
02

Exhibits and Collections

The bakken's exhibits are hands-on displays that educate, inspire, and spark innovation within our visitors. The bakken's underground vaults house a collection of artifacts and books. The scope of the collections is the intersection of the history of electricity and magentism, and the life sciences and medicine.

$392Kprogram expense
03

Public Programs

The bakken inspires a passion for innovation for all children, families, and adults visiting the museum. Programming includes discovery days, science studios, tours, evening events for adults, and public lectures.

$347Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$641K
Investment incomeLn 3$136K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.1M
Managementcol C$535K
Fundraisingcol D$403K
Owns and owesPt X
$15.7M
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$16.8M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
23
listed · VII A
PaidVII A2
Voting boardVI 1a22
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$91K
Noncash giftsLn 1g$29K
Fundraising eventsLn 1c$93K
Fees for servicesLn 2g$641K
Investment incomeLn 3$136K
Gains on assetsLn 7−$266K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$90K
Cash and savings togetherLn 1–2$90K
InvestmentsLn 11–13$7.7M
Land, buildings, equipmentLn 10c$4.5M
Other assetsLn 15$4.1M
Total assetsLn 16$16.8M
LiabilitiesLn 26$1.1M
Net assetsLn 32$15.7M
OperationsPt I, VI
EmployeesI 542
VolunteersI 6124
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$235K$90K
InvestmentsLn 11–13$7.2M$7.7M
Land, buildings, equipmentLn 10c$4.9M$4.5M
Total assetsLn 16$16.7M$16.8M
LiabilitiesLn 26$571K$1.1M
Net assetsLn 32$16.1M$15.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$256K$67K$103K$86K
Other salaries and wagesLn 7$1.3M$1.0M$146K$149K
Pension plan contributionsLn 8$40K$32K$4K$4K
Other employee benefitsLn 9$111K$82K$16K$14K
Payroll taxesLn 10$117K$82K$18K$17K
Accounting feesLn 11c$24K$24K
Lobbying feesLn 11d$35K$35K
Investment management feesLn 11f$50K$50K
Other fees for servicesLn 11g$77K$39K$708$38K
Advertising and promotionLn 12$39K$38K$1K$25
Office expensesLn 13$68K$65K$3K$694
Information technologyLn 14$28K$15K$753$12K
OccupancyLn 16$216K$163K$31K$23K
TravelLn 17$16K$13K$3K$31
Conferences, conventions and meetingsLn 19$6K$2K$4K$259
InterestLn 20$43K$43K
Depreciation, depletion and amortizationLn 22$475K$370K$53K$52K
InsuranceLn 23$46K$36K$5K$5K
Other expenses (24a–d)Ln 24$53K$20K$31K$2K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$3.1M$2.1M$535K$403K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$2.7M−$938K$15.8M 990 PDF
FY2023 Viewing $1.6M$3.1M−$1.5M$15.7M 990 PDF
FY2022 $1.8M$3.0M−$1.2M$16.1M 990 PDF
FY2021 $3.6M$2.7M$847K$18.6M 990 PDF
FY2020 $1.7M$3.5M−$1.8M$18.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,591,475 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,390,295$1,077,308
I-9 Program service revenuePrior year $629,829$641,100
I-10 Investment incomePrior year −$244,837−$129,728
I-11 Other revenuePrior year $27,389$2,795
I-12 Total revenuePrior year $1,802,676$1,591,475
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,803,154$1,865,400
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,245,946$1,187,900
I-18 Total expensesPrior year $3,049,100$3,053,300
I-19 Revenue less expensesPrior year −$1,246,424−$1,461,825
Part VI · Governance 21 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,591,475 across 11 lines filed
Lines not itemized here account for $20,135 of total revenue; see the IRS return.
VIII-1c Fundraising events$92,690
VIII-1e Government grants$90,850
VIII-1f All other contributions, gifts and grants$893,768
VIII-1g Noncash contributions (included above)$28,788
VIII-1h Total contributions, gifts and grants$1,077,308
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $641,100$641,100
VIII-3 Investment incomeExcluded from tax $135,862$135,862
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$265,590−$265,590
VIII-8 Net income from fundraising eventsExcluded from tax −$29,901−$29,901
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,561$12,561
VIII-12 Total revenueRelated to mission $641,100 · Unrelated business $0 · Excluded from tax −$126,933$1,591,475
Part IX · Statement of functional expenses $3,053,300 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,666 · Management $102,711 · Fundraising $86,318$255,695
IX-7 Other salaries and wagesPrograms $1,045,267 · Management $146,495 · Fundraising $149,453$1,341,215
IX-8 Pension plan contributionsPrograms $31,922 · Management $4,058 · Fundraising $3,994$39,974
IX-9 Other employee benefitsPrograms $81,564 · Management $15,613 · Fundraising $14,025$111,202
IX-10 Payroll taxesPrograms $82,171 · Management $17,822 · Fundraising $17,321$117,314
IX-11c Accounting feesManagement $24,411$24,411
IX-11d Lobbying feesPrograms $35,000$35,000
IX-11f Investment management feesManagement $50,065$50,065
IX-11g Other fees for servicesPrograms $39,008 · Management $708 · Fundraising $37,694$77,410
IX-12 Advertising and promotionPrograms $37,656 · Management $1,461 · Fundraising $25$39,142
IX-13 Office expensesPrograms $64,770 · Management $2,572 · Fundraising $694$68,036
IX-14 Information technologyPrograms $15,248 · Management $753 · Fundraising $11,798$27,799
IX-16 OccupancyPrograms $162,991 · Management $30,573 · Fundraising $22,679$216,243
IX-17 TravelPrograms $12,841 · Management $2,710 · Fundraising $31$15,582
IX-19 Conferences, conventions and meetingsPrograms $2,045 · Management $3,588 · Fundraising $259$5,892
IX-20 InterestManagement $43,289$43,289
IX-22 Depreciation, depletion and amortizationPrograms $370,278 · Management $52,808 · Fundraising $52,141$475,227
IX-23 InsurancePrograms $36,100 · Management $4,862 · Fundraising $5,039$46,001
IX-24 Other expenses (24a–d)Programs $20,397 · Management $30,945 · Fundraising $1,686$53,028
IX-24e All other expensesPrograms $10,775$10,775
IX-25 Total functional expensesPrograms $2,114,699 · Management $535,444 · Fundraising $403,157$3,053,300
Part X · Balance sheet $16,750,957 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $234,584$90,376
X-3 Pledges and grants receivableStart of year $305,974$95,873
X-4 Accounts receivableStart of year $166,107$227,997
X-8 Inventories for sale or useStart of year $10,793$13,848
X-9 Prepaid expenses and deferred chargesStart of year $18,881$33,904
X-10c Land, buildings and equipment, netStart of year $4,906,658$4,474,031
X-11 Publicly traded securitiesStart of year $7,182,274$7,699,168
X-15 Other assetsStart of year $3,872,026$4,115,760
X-16 Total assetsStart of year $16,697,297$16,750,957
X-17 Accounts payable and accrued expensesStart of year $192,330$192,958
X-19 Deferred revenueStart of year $47,578$68,982
X-25 Other liabilitiesStart of year $5,905$2,609
X-26 Total liabilitiesStart of year $570,813$1,089,549
X-27 Net assets without donor restrictionsStart of year $14,747,337$14,324,906
X-28 Net assets with donor restrictionsStart of year $1,379,147$1,336,502
X-32 Total net assets or fund balancesStart of year $16,126,484$15,661,408
X-33 Total liabilities and net assetsStart of year $16,697,297$16,750,957
Part XI · Reconciliation of net assets $15,661,408 net assets at year end
XI-1 Total revenue$1,591,475
XI-2 Total expenses$3,053,300
XI-3 Revenue less expenses−$1,461,825
XI-4 Net assets at start of year$16,126,484
XI-5 Net unrealized gains (losses) on investments$996,749
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,661,408

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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