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The Bakken

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510175508 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is The Bakken?

The Bakken is a nonprofit institution located at 3537 ZENITH AVE S, MINNEAPOLIS, MN, 55416. Its primary mission is to inspire innovation, particularly at the intersection of science, technology, and the humanities. This is achieved through exhibits and a vast collection of artifacts and books, focusing on electricity, magnetism, and their impact on life sciences and medicine. These collections, reflecting the belief in historical study and self-inquiry, are open to the public for research and are integrated into the museum's interactive exhibits. The Bakken's exhibits aim to educate, inspire, and foster innovation among its visitors, with a total staff of 46 individuals.


Official website here: www.thebakken.org

Is The Bakken legitimate?

The Bakken is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bakken submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $211,905
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,335,065

For more financial information, click here


Official website here: www.thebakken.org

What is the mission statement of The Bakken?

The Bakken Museum's mission is to stimulate a passion for innovation. They achieve this by delving into the potential of science, technology, and the humanities to improve the world. The museum explores this concept through its exhibits and collections, which focus on the intersection of electricity and magnetism, life sciences, and medicine. The collections, reflecting Earl Bakken's belief in the importance of historical study, self-inquiry, and experimentation, are open to the public for research and use in exhibits. The exhibits themselves are interactive, educating, inspiring, and fostering innovation among visitors.


Official website here: www.thebakken.org

Who is the CEO of The Bakken?

Alissa Light is the Chair of The Bakken. The CEO's salary of The Bakken is $42,801 and their total compensation is $45,363.


Official website here: www.thebakken.org

What is the revenue of The Bakken?

The Bakken's revenue in 2022 was $1,802,676.


Official website here: www.thebakken.org

Who are the executives of The Bakken and what are their salaries?

The average compensation at The Bakken during 2022 was $33,630. There are 46 employees and 150 volunteers at The Bakken.

Here are 26 key members and their salaries (The Bakken's CEO's salary is $42,801 and their total compensation is $45,363):

    Joe Imholte (Executive Vp)
  • Compensation: $100,335
  • Related: $0
  • Other: $4,418

    • Heather Walch (Interim President & Ceo) [Trustee/Director]
  • Compensation: $61,789
  • Related: $0
  • Other: $0

    • Alissa Light (President & Ceo) [Trustee/Director]
  • Compensation: $42,801
  • Related: $0
  • Other: $2,562

    • Brad Bakken (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Hunt (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Van Osnabrugge (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Ladd (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Bergman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jd Blank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Boehlke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doreen Bortel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raquel Briskin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Burdette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Georgine L Busch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Caroline Byrd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Campe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lavanya Gundamaraju (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Hillins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Mary Jo Kreitzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Song Lo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paula Skjefte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl Stamp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barb Stinnett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Uribe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Paulson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Molly Sanford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thebakken.org

    Where can I find the form 990 for The Bakken?

    The The Bakken’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thebakken.org

    Learn more at the official website: www.thebakken.org

    Mission Statement of The Bakken

    The Bakken, a renowned institution, is dedicated to igniting a passion for innovation. Its mission is twofold: firstly, it aims to explore the interplay between science, technology, and the humanities, and secondly, it strives to demonstrate the potential of these disciplines in creating a better world. The Bakken Museum achieves this mission through its extensive collection of artifacts and books, which delve into the history of electricity and magnetism, as well as their impact on the life sciences and medicine. These collections are not merely for display; they serve as a resource for research and are incorporated into the museum's exhibits.

    The exhibits at The Bakken are interactive and thought-provoking, designed to educate, inspire, and stimulate innovation within its visitors. By engaging with these exhibits, visitors can gain a deeper understanding of the role of science and technology in shaping our world and the possibilities they hold for future advancements. The museum's commitment to history, self-inquiry, and experimentation is evident in its exhibits, which reflect the beliefs of its founder, Earl Bakken, who saw the importance of these pursuits in driving progress.

    Impact

    This information is meant to be a general summary of The Bakken. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Bakken's impact lies in its ability to inspire a passion for innovation through its exhibits and collections. By focusing on the intersection of the history of electricity and magnetism, as well as life sciences and medicine, The Bakken encourages visitors to engage in history, self-inquiry, and experimentation. The hands-on displays at The Bakken educate, inspire, and spark innovation in its visitors, ultimately contributing to a culture of curiosity and creativity.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-244,837
  • Program Service Revenue: $629,829
  • Gross Receipts: $9,172,802

    • Assets and Liabilities:
  • Total Assets: $16,697,297
  • Total Liabilities: $570,813
  • Net Assets: $16,126,484
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EDUCATIONAL PROGRAMS

    Revenue

    $473,917

    FACILITY USE FEES

    Revenue

    $155,912

    Organization Details

    Founding Year

    1975

    Principal Officer

    Alissa Light

    Main Address

    3537 ZENITH AVE S, MINNEAPOLIS, MN, 554164623

    NTEE Category

    Code: A570 - Arts

    If you are a representative of The Bakken and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.