Bakken Galbraith Foundation
- Assets
- $218.1k
- Revenue
- $13.7k
- Investments
- $207.7k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1997
- Data as of
- 12/2021
- 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 12/2021, Bakken Galbraith Foundation generated $13.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $15.3k during the year ending 12/2021. 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 | $6,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,670 |
| Capital Gain Net Income | $7,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $293 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,315 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $15,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,475 |
| 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 | $207,669 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $218,144 |
| 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 $14,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL OPERATING | $5,000 |
Long Lake, MN PURPOSE: GENERAL OPERATING | $2,000 |
THE ROTARY FOUNDATION PURPOSE: GENERAL OPERATING | $2,000 |
ROTARY CLUB OF ST LOUIS PARK PURPOSE: GENERAL OPERATING | $1,000 |
TIMBER BAY PURPOSE: GENERAL OPERATING | $1,000 |
CHILDRENS HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |
Prop Shop Of Eden Prairie Eden Prairie, MN | $2,074,814 | $1,983,377 |
Northeastern Wisconsin Area Health Education Center Inc Manitowoc, WI | $935,274 | $1,545,706 |