Bakken Family Wrc Foundation
EIN: 411796283 · Prior Lake, MN · NTEE: T20Z
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $1.2M |
| Net Assets | $18.1M |
Is Bakken Family Wrc Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bakken Family Wrc Foundation
Bakken Family Wrc Foundation (EIN: 411796283) is a nonprofit organization based in Prior Lake, MN, classified under NTEE code T20Z. The organization reported total revenue of $4.0M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bakken Family Wrc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bakken Family Wrc Foundation is a mid-size nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $848K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-302,227 |
| Total Assets | $18.1M |
| Total Liabilities | $1 |
| Net Assets | $18.1M |
| Operating Margin | -35.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 188.7 months |
Financial Health Grade: B
In 2023, Bakken Family Wrc Foundation reported a deficit of $302K with expenses exceeding revenue, holds 188.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bakken Family Wrc Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -105.4% | +0.6% | -7.4% |
| 2021 | +273.6% | +15.9% | +7.3% |
| 2020 | -32.2% | +4.7% | -2.2% |
| 2019 | +43.2% | +1.7% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bakken Family Wrc Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bakken Family Wrc Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $302K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Bakken Family Wrc Foundation
Is Bakken Family Wrc Foundation a legitimate charity?
Bakken Family Wrc Foundation (EIN: 411796283) is a registered tax-exempt nonprofit based in Minnesota. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. Financial health grade: B.
How does Bakken Family Wrc Foundation spend its money?
Bakken Family Wrc Foundation reported $4.0M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bakken Family Wrc Foundation tax-deductible?
Bakken Family Wrc Foundation is registered as a tax-exempt nonprofit (EIN: 411796283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bakken Family Wrc Foundation located?
Bakken Family Wrc Foundation is headquartered in Prior Lake, Minnesota and files with the IRS under EIN 411796283. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Bakken Family Wrc Foundation have?
Bakken Family Wrc Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
Filing History
IRS 990 filing history for Bakken Family Wrc Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bakken Family Wrc Foundation's revenue has declined by 61.9%, moving from $2.2M to $848K. Total assets increased by 25.4% over the same period, from $14.4M to $18.1M. Total functional expenses rose by 111.3%, from $544K to $1.2M. In its most recent filing year (2023), Bakken Family Wrc Foundation reported a deficit of $302K, with expenses exceeding revenue. The organization holds $1 in liabilities against $18.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $848K | $1.2M | $18.1M | $1 | — | View 990 |
| 2022 | $-145,289 | $1.3M | $18.4M | $1 | — | View 990 |
| 2021 | $2.7M | $1.3M | $19.8M | $1 | — | — |
| 2020 | $714K | $1.1M | $18.5M | $1 | — | View 990 |
| 2019 | $1.1M | $1.1M | $18.9M | $0 | — | View 990 |
| 2015 | $735K | $1.1M | $20.1M | $0 | — | View 990 |
| 2014 | $1.0M | $1.4M | $20.4M | $0 | — | View 990 |
| 2013 | $6.4M | $906K | $20.6M | $0 | — | View 990 |
| 2012 | $1.6M | $745K | $15.3M | $0 | — | View 990 |
| 2011 | $2.2M | $544K | $14.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $848K, expenses of $1.2M, and assets of $18.1M.
- 2022: Revenue of $-145,289, expenses of $1.3M, and assets of $18.4M (revenue -105.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.3M, and assets of $19.8M (revenue +273.6% year-over-year).
- 2020: Revenue of $714K, expenses of $1.1M, and assets of $18.5M (revenue -32.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $18.9M (revenue +43.2% year-over-year).
- 2015: Revenue of $735K, expenses of $1.1M, and assets of $20.1M (revenue -27.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.4M, and assets of $20.4M (revenue -84.3% year-over-year).
- 2013: Revenue of $6.4M, expenses of $906K, and assets of $20.6M (revenue +292.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $745K, and assets of $15.3M (revenue -26.3% year-over-year).
- 2011: Revenue of $2.2M, expenses of $544K, and assets of $14.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bakken Family Wrc Foundation:
Data Sources and Methodology
This transparency report for Bakken Family Wrc Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.