Bakken Galbraith Foundation
- Assets
- $201.9k
- Revenue
- $10.4k
- Investments
- $186.6k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 71-1850597
Organization Overview
Bakken Galbraith Foundation is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bakken Galbraith Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bakken Galbraith Foundation generated $10.4k in total revenue. All expenses for the organization totaled $26.6k during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Bakken President | 1 | $0 | |
Mary Bakken Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,658 |
| Capital Gain Net Income | $4,658 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62 |
| Total Revenue | $10,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $664 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,580 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $26,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,330 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $186,605 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $201,935 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bakken Galbraith Foundation has awarded $25,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN STAR SCOUT COUNCIL PURPOSE: GENERAL OPERATING | $5,000 |
ST LOUIS PARK EMERGENCY PROGRAM PURPOSE: GENERAL OPERATING | $10,000 |
ORONO ROTARY CLUB PURPOSE: GENERAL OPERATING | $1,000 |
A BREATH OF HOPE PURPOSE: GENERAL OPERATING | $1,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: GENERAL OPERATING | $2,000 |
TRINITY LUTHERAN CHURCH PURPOSE: GENERAL OPERATING | $2,000 |