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Arts, Culture, Humanities : Museums

The Bakken Museum

A one-of-a-kind museum exploring the mysteries of our electrical world

three stars

86.15

3537 Zenith Avenue South Minneapolis, MN 55416
tel: (612) 926-3878   Web Site
EIN: 51-0175508

Board Leadership
Brad Bakken
President

CEO
Michael Sanders
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 86.15 three stars
  Financial 80.83 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.

The Bakken Museum is a one-of-a-kind museum exploring the mysteries of our electrical world. Inspiring a passion for science and its potential for social good by helping people explore the history and nature of electricity and magnetism. It is a museum with electrifying exhibits and activities that are fun for kids and families and an education center that offers top quality hands-on programs for students and teachers. The Bakken has the world's leading collection of books and artifacts on the history of electricity in life.

The Bakken Museum is a one-of-a-kind museum exploring the mysteries of our electrical world. Inspiring a passion for science and its potential for social good by helping people explore the history and nature of electricity and magnetism. It is a museum with electrifying exhibits and activities that are fun for kids and families and an education center that offers top quality hands-on programs for students and teachers. The Bakken has the world's leading collection of books and artifacts on the history of electricity in life.

Impact Information

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Financial

three stars

80.83

Accountability & Transparency

four stars

96.00

This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
74.4%
  Administrative Expenses 13.6%
  Fundraising Expenses 11.9%
  Fundraising Efficiency $0.25
  Working Capital Ratio (years) 2.84
  Program Expenses Growth 1.4%
  Liabilities to Assets 2.0%
All data for Financial Performance Metrics calculations was provided by The Bakken Museum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Bakken Museum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Bakken Museum (MN) 86.15 three stars
Discovery World (WI) 90.71 four stars
Science Center of Iowa (IA) 85.84 three stars
Museum of Science and Industry, Chicago (IL) 90.96 four stars
Orlando Science Center (FL) 91.45 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,779,075
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,779,075
   Program Service Revenue $659,310
Total Primary Revenue $2,438,385
   Other Revenue $18,310
TOTAL REVENUE $2,456,695
   
EXPENSES  
   Program Expenses $1,729,093
   Administrative Expenses $384,090
   Fundraising Expenses $351,575
TOTAL FUNCTIONAL EXPENSES $2,464,758
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-8,063
   
Net Assets $7,169,457

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Education $988,818 57.2%
Exhibits and Collections $384,553 22.2%
Public Programs $355,722 20.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 02/01/2020 86.15 three stars
2017-12 03/01/2019 87.94 three stars
2016-12 03/01/2018 90.52 four stars
2015-12 02/01/2017 88.85 three stars
2014-12 06/01/2016 85.59 three stars
 
CN 2.0
2014-12 02/01/2016 79.48 two stars
2013-12 07/01/2015 80.43 three stars
2012-12 10/01/2014 82.61 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 51-0175508
Name in IRS Master File THE BAKKEN
NTEE Code A57
NTEE Classification Science and Technology Museums
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1975
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$119,750 4.85% Michael Sanders Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Bakken Museum (MN) 86.15 three stars
McWane Science Center (AL) 88.11 three stars
Museum of Science (MA) 90.09 four stars
Rochester Museum and Science Center (NY) 86.86 three stars
Pacific Science Center (WA) 85.86 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

The Bakken Museum
3537 Zenith Avenue South
Minneapolis, MN 55416
tel: (612) 926-3878
EIN: 51-0175508

Visit Web Site

Board Leadership

Brad Bakken
President

CEO

Michael Sanders
Executive Director

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