Two Bear Air Rescue Foundation
- Assets
- $28.8m
- Revenue
- $21.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-3804693
Organization Overview
Two Bear Air Rescue Foundation is located in Kalispell, MT. The organization was established in 2017. According to its NTEE Classification (M23) the organization is classified as: Search & Rescue Squads, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Bear Air Rescue 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, Two Bear Air Rescue Foundation generated $21.8m in total revenue. All expenses for the organization totaled $8.2m during the year ending 12/2022. While expenses have increased by 31.8% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 10
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Goguen President And Director | 4 | $0 | |
Karen Valladao Treasurer And Director | 0.25 | $0 | |
James Heckman Chief Pilot | 40 | $132,500 | |
Richard Hegger Director | 4 | $0 | |
Michael Peters Secretary, Vp, Director | 4 | $0 | |
Robert Cherot Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,313,763 |
| Interest on Savings | $32,207 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,552,886 |
| Capital Gain Net Income | $20,367,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,793,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,500 |
| Other employee salaries and wages | $621,061 |
| Pension plans, employee benefits | $218,223 |
| Interest | $0 |
| Taxes | $352,744 |
| Depreciation | $3,797,606 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,107,995 |
| Total operating and administrative expenses | $8,243,868 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $8,246,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,070 |
| Savings and temporary cash investments | $22,953,276 |
| 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 | $8,529 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,704,408 |
| Other assets | $0 |
| Total assets | $28,772,283 |
| 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 | $947 |
| Total liabilities | $947 |