Nonprofit · EIN 81-3804693
TWO BEAR AIR RESCUE FOUNDATION
Tax-exempt · KALISPELL, MT 59901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $927,942 | $3,800,036 | -$2,872,094 | $22,006,793 | $19,536 | $21,987,257 |
| December 31, 2023 | 990-PF | $667,907 | $4,481,060 | -$3,813,153 | $24,971,894 | $13,711 | $24,958,183 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $700
- Dividends
- $927,242
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $1,083,687
- Disbursements for charitable purposes
- $2,320,825
- Excise tax on investment income
- $11,505
Balance sheet and other
- Total assets, start of year
- $24,971,894
- Total assets, end of year
- $22,006,793
- Total liabilities, end of year
- $19,536
- Net assets, end of year
- $21,987,257
- Fair market value of assets
- $22,006,793
- Qualifying distributions
- $5,163,932
- Net investment income
- $927,242
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES HECKMAN 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | CHIEF PILOT Highest-paid employee | 40 | $184,000 | $21,254 |
| ROBERT CHEROT 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | ASSISTANT CHIEF PILO Highest-paid employee | 40 | $161,000 | $47,193 |
| BRETT REILLY 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | DIRECTOR OF MAINTENA Highest-paid employee | 40 | $115,500 | $31,145 |
| DANIEL LEWIS 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | PILOT Highest-paid employee | 40 | $115,385 | $45,313 |
| SCOTT SEAGER 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | MEDICAL DIRECTOR Highest-paid employee | 40 | $113,945 | $45,163 |
| MICHAEL GOGUEN 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | PRESIDENT/DIRECTOR | 4 | $0 | $0 |
| MICHAEL PETERS 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | SECRETARY/VP/DIRECTOR | 4 | $0 | $0 |
| KAREN VALLADAO 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | TREASURER/DIRECTOR | 0.25 | $0 | $0 |
| RICHARD HEGGER 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | DIRECTOR | 4 | $0 | $0 |
| ROBERT CHEROT 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | DIRECTOR | 4 | $0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES HECKMAN 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | CHIEF PILOT Highest-paid employee | 40 | $160,000 | $21,205 |
| ROBERT CHEROT 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | PILOT Highest-paid employee | 40 | $140,518 | $47,925 |
| BRETT REILLY 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | DIRECTOR OF MAINTENA Highest-paid employee | 40 | $105,000 | $31,583 |
| JOSEPH WALCHUK 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | PILOT Highest-paid employee | 40 | $100,154 | $36,455 |
| GABRIEL RUFF 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | AIR RESCUE SPECIALIS Highest-paid employee | 40 | $85,000 | $45,175 |
| MICHAEL GOGUEN 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | PRESIDENT/DIRECTOR | 4 | $0 | $0 |
| MICHAEL PETERS 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | SECRETARY/VP/DIRECTOR | 4 | $0 | $0 |
| KAREN VALLADAO 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | TREASURER/DIRECTOR | 0.25 | $0 | $0 |
| RICHARD HEGGER 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | DIRECTOR | 4 | $0 | $0 |
| ROBERT CHEROT 4450 AIRPORT FRONTAGE ROAD, KALISPELL, MT 59901 | DIRECTOR | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4450 AIRPORT FRONTAGE RD, KALISPELL, MT 59901-6592
- Signed the 990-PF
- MICHAEL PETERS, SECRETARY
- Phone
- (406) 755-4297
- Website
- WWW.TWOBEARAIR.ORG
- Return prepared by
- APERCEN PARTNERS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-3804693
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public safety, disaster preparedness and relief (M23)
- Assets (IRS master file)
- $22,006,793
- Income (IRS master file)
- $927,942
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $927,942 | $3,800,036 | $22,006,793 | IRS |
| 990-PF | December 2023 | $667,907 | $4,481,060 | $24,971,894 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 81-3804693).
Questions about TWO BEAR AIR RESCUE FOUNDATION
- What is the EIN of TWO BEAR AIR RESCUE FOUNDATION?
- The employer identification number (EIN) of TWO BEAR AIR RESCUE FOUNDATION is 81-3804693.
- Is TWO BEAR AIR RESCUE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to TWO BEAR AIR RESCUE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does TWO BEAR AIR RESCUE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TWO BEAR AIR RESCUE FOUNDATION 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 TWO BEAR AIR RESCUE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of TWO BEAR AIR RESCUE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 10 people; 5 received compensation from the organization, the highest $184,000 (JAMES HECKMAN, CHIEF PILOT).
- How much revenue does TWO BEAR AIR RESCUE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $927,942, expenses of $3,800,036 and total assets of $22,006,793 at year end.
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