Two Bear Air Rescue Foundation
- Assets
- $15.2m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 04/2017
- Data as of
- 12/2021
- 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 12/2021, Two Bear Air Rescue Foundation generated $12.4m in total revenue. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 6.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 7
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Pierce Secretary, Director | 40 | $124,615 | |
James Heckman Pilot | 40 | $109,788 | |
Brett Reilly Director Of Maintena | 40 | $101,613 | |
Robert M Cherot Pilot | 40 | $99,404 | |
Willard L Milam Air Rescue Specialis | 40 | $74,717 | |
Michael Goguen President And Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,537,795 |
| Interest on Savings | $4,056 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,882,450 |
| Capital Gain Net Income | $7,122,257 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,424,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $124,615 |
| Other employee salaries and wages | $507,831 |
| Pension plans, employee benefits | $153,157 |
| Interest | $0 |
| Taxes | $152,424 |
| Depreciation | $1,163,916 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,190,243 |
| Total operating and administrative expenses | $3,292,186 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,292,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,485 |
| Savings and temporary cash investments | $5,649,306 |
| 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 | $5,204 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $9,503,690 |
| Other assets | $0 |
| Total assets | $15,229,685 |
| Accounts payable and accrued expenses | $4,187 |
| 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 | $378 |
| Total liabilities | $4,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Two Bear Air Rescue Foundation has recieved totaling $1,800,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $1,800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Two Bear Air Rescue Foundation Kalispell, MT | $15,229,685 | $12,424,301 |
Teton County Search & Rescue Foundation Jackson, WY | $1,280,989 | $1,346,794 |
Little Snake River Valley Ambulance Fund Baggs, WY | $394,919 | $293,850 |
Colman Fire & Rescue Inc Colman, SD | $0 | $0 |
Valley Water Rescue Fargo, ND | $42,280 | $0 |
Idaho Mountain Search And Rescue Unit Inc Boise, ID | $499,923 | $239,020 |
West Mcpherson Ems Inc Eureka, SD | $45,563 | $0 |
Big Horn Search & Rescue Inc Hardin, MT | $106,964 | $0 |
Elk Point Community Ambulance Elk Point, SD | $275,957 | $214,281 |
Pennington County Search And Rescue Team Rapid City, SD | $359,453 | $238,868 |
Sheridan Area Search And Rescue Of Sheridan County Wyoming Inc Sheridan, WY | $249,620 | $0 |
Cascade County Mountain Patrol Search And Rescue Inc Great Falls, MT | $257,348 | $0 |