Bakken Family Wrc Foundation

Prior Lake, MN
Tax-exempt since Sept. 1996
EIN: 41-1796283

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.05M (2024)

Expenses

$1.12M (2024)

Total Assets

$18M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,054,489

Expenses

$1,116,897

Net Income

-$62,408

Net Assets

$18,021,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$553,820	52.5%
Sales of Assets	$495,467	47.0%
Other Income	$5,202	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,012,071	90.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,021,422
Total Liabilities	$0
Net Assets	$18,021,422

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Bakken (Secretary)	$0	$0
Wendy K Watson (Vice President)	$0	$0
Bradley Bakken (Treasurer)	$0	$0
Pamela B Petersmeyer (President)	$0	$0

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990-PF

Filed on May 1, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2023

Revenue

$847,844

Expenses

$1,150,071

Net Income

-$302,227

Net Assets

$18,083,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$483,363	57.0%
Sales of Assets	$364,324	43.0%
Other Income	$157	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,058,851	92.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,083,830
Total Liabilities	$0
Net Assets	$18,083,830

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Bakken (Secretary)	$0	$0
Wendy K Watson (Vice President)	$0	$0
Bradley Bakken (Treasurer)	$0	$0
Pamela B Petersmeyer (President)	$0	$0

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990-PF

Filed on May 8, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

-$145,289

Expenses

$1,317,693

Net Income

-$1,462,982

Net Assets

$18,386,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$220,285
Interest Revenue	$0
Dividends	$368,159
Sales of Assets	-$733,903
Other Income	$170

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,201,721	91.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,386,057
Total Liabilities	$0
Net Assets	$18,386,057

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Bakken (Secretary)	$0	$0
Wendy K Watson (Vice President)	$0	$0
Bradley Bakken (Treasurer)	$0	$0
Pamela B Petersmeyer (President)	$0	$0

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990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,666,922

Expenses

$1,310,035

Net Income

$1,356,887

Net Assets

$19,849,039

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$538,003	20.2%
Sales of Assets	$2,125,706	79.7%
Other Income	$3,213	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,227,064	93.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,849,039
Total Liabilities	$0
Net Assets	$19,849,039

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Bakken (Secretary)	$0	$0
Wendy K Watson (Vice President)	$0	$0
Bradley Bakken (Treasurer)	$0	$0
Pamela B Petersmeyer (President)	$0	$0

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990-PF

Filed on May 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$713,790

Expenses

$1,130,154

Net Income

-$416,364

Net Assets

$18,492,151

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$397,110	55.6%
Sales of Assets	$308,728	43.3%
Other Income	$7,952	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,009,478	89.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,492,152
Total Liabilities	$1
Net Assets	$18,492,151

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Bakken (Secretary)	$0	$0
Wendy K Watson (Vice President)	$0	$0
Bradley Bakken (Treasurer)	$0	$0
Pamela B Petersmeyer (President)	$0	$0

+ View more people

990-PF

Filed on Nov. 10, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$1,052,039

Expenses

$1,079,772

Net Income

-$27,733

Net Assets

$18,908,516

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$389,252	37.0%
Sales of Assets	$655,590	62.3%
Other Income	$7,197	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$951,330	88.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,908,516
Total Liabilities	$0
Net Assets	$18,908,516

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2015

Revenue

$734,594

Expenses

$1,061,370

Net Income

-$326,776

Net Assets

$20,138,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$259,605	35.3%
Sales of Assets	$474,989	64.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$971,124	91.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,138,251
Total Liabilities	$0
Net Assets	$20,138,251

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,011,187

Expenses

$1,415,658

Net Income

-$404,471

Net Assets

$20,436,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$353,339	34.9%
Sales of Assets	$657,848	65.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,127,306	79.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,436,961
Total Liabilities	$0
Net Assets	$20,436,961

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$6,423,355

Expenses

$905,562

Net Income

$5,517,793

Net Assets

$20,617,284

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$471,765	7.3%
Sales of Assets	$5,930,382	92.3%
Other Income	$21,208	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$785,494	86.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,617,284
Total Liabilities	$0
Net Assets	$20,617,284

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,638,740

Expenses

$744,737

Net Income

$894,003

Net Assets

$15,297,875

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$514,046	31.4%
Sales of Assets	$1,124,694	68.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$664,053	89.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,297,875
Total Liabilities	$0
Net Assets	$15,297,875

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,224,497

Expenses

$544,362

Net Income

$1,680,135

Net Assets

$14,422,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$371,563	16.7%
Sales of Assets	$1,852,934	83.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$449,601	82.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,422,029
Total Liabilities	$0
Net Assets	$14,422,029

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Bakken Family Wrc Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.05M (2024)

Expenses $1.12M (2024)

Total Assets $18M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$1.05M (2024)

Expenses

$1.12M (2024)

Total Assets

$18M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001