Nonprofit · EIN 51-0175508
THE BAKKEN
Tax-exempt · MINNEAPOLIS, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,740,073 | $2,677,974 | -$937,901 | $16,504,732 | $683,616 | $15,821,116 |
| December 31, 2023 | 990 | $1,591,475 | $3,053,300 | -$1,461,825 | $16,750,957 | $1,089,549 | $15,661,408 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $863,961
- of which government grants
- $261,958
- Membership dues
- $36,508
- Program service revenue
- $740,610
- Investment income
- $206,435
- Net income from fundraising events
- -$103,277
- Net income from sales of inventory
- $16,343
- Other revenue
- -$70,933
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $123,454
- Other salaries and wages
- $1,201,141
- Salaries, compensation and benefits (total)
- $1,550,987
- Professional fundraising fees
- $0
- Accounting fees
- $28,733
- Occupancy
- $191,522
- Travel
- $13,649
- Depreciation
- $350,302
- Program services (functional)
- $1,855,150
- Management and general (functional)
- $530,042
- Fundraising (functional)
- $292,782
Balance sheet and other
- Total assets, start of year
- $16,750,957
- Total assets, end of year
- $16,504,732
- Total liabilities, end of year
- $683,616
- Net assets, end of year
- $15,821,116
- Land, buildings and equipment
- $4,321,833
- Publicly traded securities
- $7,981,099
- Net assets without donor restrictions
- $14,623,731
- Net assets with donor restrictions
- $1,197,385
- Gross receipts
- $1,861,042
- Employees
- 42
- Volunteers
- 124
- Year formed
- 1975
- State of legal domicile
- MN
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL JENSEN | INTERIM CEO Trustee or director, Officer | 40 | $72,846 | $0 |
| ALISSA LIGHT | PRESIDENT & CEO - PART YEAR Trustee or director, Officer | 40 | $45,208 | $5,399 |
| HEATHER WALCH | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| BRAD BAKKEN | PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK VAN OSNABRUGGE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PAULA SKJEFTE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CAROLINE BYRD | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BARB STINNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL STAMP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG PAULSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DR MARY JO KREITZER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGINE L BUSCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HEATHER CAMPE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFF HILLINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JESSICA BURDETTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN URIBE | DIRECTOR Trustee or director | 2 | $0 |
| MATT BOEHLKE | DIRECTOR Trustee or director | 2 | $0 |
| MOLLY SANFORD | DIRECTOR Trustee or director | 2 | $0 |
| RAQUEL BRISKIN | DIRECTOR Trustee or director | 2 | $0 |
| REBECCA BERGMAN | DIRECTOR Trustee or director | 2 | $0 |
| STACY LYNN KROMENHOEK | DIRECTOR Trustee or director | 2 | $0 |
| CHANCEY ANDERSON | DIRECTOR Trustee or director | 2 | $0 |
| ADITEE KURANE | DIRECTOR Trustee or director | 2 | $0 |
| RYAN JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| MUKUND PRAJAPATI | DIRECTOR Trustee or director | 2 | $0 |
| DEREK MCCALLUM | DIRECTOR Trustee or director | 2 | $0 |
| JEFFREY RAINEY | DIRECTOR Trustee or director | 2 | $0 |
| NATALIE NARANJO | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALISSA LIGHT | PRESIDENT & CEO Trustee or director, Officer | 40 | $135,000 | $11,406 |
| JOE IMHOLTE | EXECUTIVE VP Highest-paid employee | 40 | $104,755 | $4,533 |
| HEATHER WALCH | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| BRAD BAKKEN | PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARK VAN OSNABRUGGE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BARB STINNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL STAMP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROLINE BYRD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG PAULSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DR MARY JO KREITZER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGINE L BUSCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HEATHER CAMPE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFF HILLINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JESSICA BURDETTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN URIBE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAVANYA GUNDAMARAJU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT BOEHLKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MOLLY SANFORD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAULA SKJEFTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RAQUEL BRISKIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| REBECCA BERGMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SONG LO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STACY LYNN KROMENHOEK | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3537 ZENITH AVE S, MINNEAPOLIS, MN 55416-4623
- Principal officer (990 for 2024)
- HEATHER WALCH, 3537 ZENITH AVE S, MINNEAPOLIS, MN 554164623
- Signed the 990
- HEATHER WALCH, BOARD CHAIR
- Phone
- (612) 926-3878
- Website
- WWW.THEBAKKEN.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE BAKKEN MUSEUM INSPIRES A PASSION FOR INNOVATION BY EXPLORING THE POTENTIAL FOR SCIENCE, TECHNOLOGY, AND THE HUMANITIES TO MAKE THE WORLD A BETTER PLACE.
Program accomplishments
- EDUCATION PROGRAMS: THE BAKKEN PROVIDES SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) EXPERIENCES THROUGH OFFSITE OUTREACH PROGRAMS, ONSITE FIELD TRIPS, INNOVATIVE CAMPS AND WORKSHOPS. OUR PROGRAMS INSPIRE THE NEXT GENERATION OF INNOVATORS TO TRANSFORM THE FUTURE.Expenses $1,150,336 · revenue $196,498
- PUBLIC PROGRAMS: THE BAKKEN INSPIRES A PASSION FOR INNOVATION FOR ALL CHILDREN, FAMILIES, AND ADULTS VISITING THE MUSEUM. PROGRAMMING INCLUDES EDUCATIONAL ACTIVITIES FOR CHILDREN SUCH AS DISCOVERY DAYS AND SCIENCE STUDIOS, TOURS, EVENING EVENTS FOR ADULTS, AND PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS .Expenses $381,643 · revenue $542,347
- 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. THE COLLECTIONS REFLECT EARL BAKKEN'S BELIEF IN THE IMPORTANCE OF STUDYING HISTORY, SELF-INQUIRY, AND EXPERIMENTATION. THEY ARE OPEN TO THE PUBLIC AND AVAILABLE FOR RESEARCH AND ARE BEING UTILIZED IN OUR EXHIBITS.Expenses $323,171 · revenue $1,765
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0175508
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A570)
- Assets (IRS master file)
- $16,504,732
- Income (IRS master file)
- $1,861,042
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,740,073 | $2,677,974 | $16,504,732 | IRS |
| 990 | December 2023 | $1,591,475 | $3,053,300 | $16,750,957 | XML |
| 990 | December 2022 | $1,802,676 | $3,049,100 | $16,697,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 51-0175508).
Questions about THE BAKKEN
- What is the EIN of THE BAKKEN?
- The employer identification number (EIN) of THE BAKKEN is 51-0175508.
- Is THE BAKKEN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to THE BAKKEN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BAKKEN 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 THE BAKKEN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE BAKKEN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE BAKKEN?
- The 990 for the year ended December 31, 2024 names HEATHER WALCH.
- Who are the officers and directors of THE BAKKEN?
- The 990 for the year ended December 31, 2024 lists 28 people; 2 received compensation from the organization, the highest $72,846 (CHERYL JENSEN, INTERIM CEO).
- How much revenue does THE BAKKEN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,740,073, expenses of $2,677,974 and total assets of $16,504,732 at year end.
Other nonprofits in MINNEAPOLIS
- MINNEAPOLIS SOCIETY OF FINE ARTS EIN 41-0693915 · last filed 990 for 2025
- WALKER ART CENTER INC EIN 41-0693929 · last filed 990 for 2025
- MINNESOTA ORCHESTRAL ASSOCIATION EIN 41-0693875 · last filed 990 for 2025
- BOREALIS PHILANTHROPY EIN 46-4598642 · last filed 990 for 2024
- GUTHRIE THEATRE FOUNDATION EIN 41-0854160 · last filed 990 for 2025
- ARTSPACE PROJECTS INC EIN 41-1350071 · last filed 990 for 2024
- HENNEPIN THEATRE TR EIN 41-2017278 · last filed 990 for 2025
- HODDER FAMILY FOUNDATION EIN 84-3967503 · last filed 990-PF for 2025
All nonprofits in MINNEAPOLIS · Minnesota · Arts, culture and humanities