Form 990 for tax year 2022

Filed by THEODORE ROOSEVELT MEDORA FOUNDATION.

Totals

Total revenue: $14,067,533
Total expenses: $10,186,804
Contributions and grants received: $7,010,462
Grants paid: $15,000
Program service revenue: $8,124,920
Investment income: $208,748
Other revenue: -$1,276,597
Total assets, end of year: $80,037,493
Total liabilities, end of year: $7,098,208
Net assets or fund balances, end of year: $72,939,285
Program services expenses (Part IX): $7,390,408
Management and general expenses: $1,857,742
Fundraising expenses: $938,654
Program service expenses (Part III): $7,390,408

Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$44,922
1e · Government grants (contributions)

$360,000
1f · All other contributions, gifts and grants

$6,605,540
1g · Noncash contributions included above

$362,463
2a · Program service revenue: Activities

total $7,722,455 · related or exempt $7,722,455
2b · Program service revenue: Management Fees

total $360,000 · unrelated business $360,000
2f · All other program service revenue

total $42,465 · related or exempt $43,037 · unrelated business -$572
3 · Investment income

total $723,627 · excluded $723,627
5 · Royalties

total $4,048 · excluded $4,048
6a · Gross rents

real property $1,890,653
6b · Less rental expenses

real property $3,155,654
6c · Rental income or loss

real property -$1,265,001
6d · Net rental income or loss

total -$1,265,001 · unrelated business -$1,492,618 · excluded $227,617
7b · Less cost or other basis and sales expenses

securities $2,821 · other assets $512,058
7c · Gain or loss

securities -$2,821 · other assets -$512,058
7d · Net gain or loss

total -$514,879 · unrelated business -$123,847 · excluded -$391,032
8a · Fundraising events: gross income

$28,112
8a · Fundraising events: contributions included on line 1c

$44,922
8b · Fundraising events: direct expenses

$43,756
8c · Net income from fundraising events

total -$15,644 · excluded -$15,644

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $12,000 · program services $12,000
3 · Grants to foreign organizations and individuals

total $3,000 · program services $3,000
5 · Compensation of officers, directors and key employees

total $365,536 · management and general $241,413 · fundraising $124,123
7 · Other salaries and wages

total $3,734,107 · program services $2,593,336 · management and general $698,651 · fundraising $442,120
8 · Pension plan contributions

total $87,371 · program services $67,319 · management and general $11,609 · fundraising $8,443
9 · Other employee benefits

total $350,862 · program services $244,697 · management and general $65,992 · fundraising $40,173
10 · Payroll taxes

total $310,198 · program services $198,603 · management and general $69,565 · fundraising $42,030
11b · Fees: legal

total $41,531 · management and general $41,531
11c · Fees: accounting

total $45,845 · management and general $45,145 · fundraising $700
11f · Fees: investment management

total $18,109 · management and general $18,109
11g · Fees: other

total $433,844 · program services $241,803 · management and general $160,881 · fundraising $31,160
12 · Advertising and promotion

total $236,052 · program services $236,052
13 · Office expenses

total $441,309 · program services $356,435 · management and general $44,213 · fundraising $40,661
14 · Information technology

total $238,282 · program services $183,959 · management and general $24,370 · fundraising $29,953
16 · Occupancy

total $573,471 · program services $511,873 · management and general $40,597 · fundraising $21,001
17 · Travel

total $399,582 · program services $121,603 · management and general $172,009 · fundraising $105,970
20 · Interest

total $87,245 · management and general $87,245
22 · Depreciation, depletion and amortization

total $975,426 · program services $947,530 · management and general $15,132 · fundraising $12,764
23 · Insurance

total $198,880 · program services $164,742 · management and general $32,433 · fundraising $1,705
24a · Other expenses: Theatrical Contracts

total $878,907 · program services $866,926 · management and general $99 · fundraising $11,882
24b · Other expenses: Repairs and Maintenance

total $355,287 · program services $332,752 · management and general $22,141 · fundraising $394
24c · Other expenses: Dues and Licenses

total $138,892 · program services $123,756 · management and general $15,136
24d · Other expenses: Income Taxes

total $62,000 · program services $62,000
24e · All other expenses

total $199,068 · program services $122,022 · management and general $51,471 · fundraising $25,575

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $10,730,048 · end of year $5,621,757
3 · Pledges and grants receivable

beginning of year $4,471,581 · end of year $4,656,300
4 · Accounts receivable

beginning of year $53,336 · end of year $55,943
8 · Inventories for sale or use

beginning of year $65,676 · end of year $58,533
9 · Prepaid expenses and deferred charges

beginning of year $59,816 · end of year $314,173
10a · Land, buildings and equipment: cost or other basis

$86,828,503
10b · Land, buildings and equipment: accumulated depreciation

$35,315,616
10c · Land, buildings and equipment, net

beginning of year $51,014,634 · end of year $51,512,887
11 · Investments: publicly traded securities

beginning of year $12,312,204 · end of year $14,627,571
12 · Investments: other securities

beginning of year $496,572 · end of year $405,480
15 · Other assets

beginning of year $1,796,111 · end of year $2,784,849
17 · Accounts payable and accrued expenses

beginning of year $2,251,466 · end of year $937,765
19 · Deferred revenue

beginning of year $956,571 · end of year $1,067,953
20 · Tax-exempt bond liabilities

beginning of year $5,425,497 · end of year $4,720,190
25 · Other liabilities

beginning of year $461,081 · end of year $372,300
27 · Net assets without donor restrictions

beginning of year $54,611,321 · end of year $57,866,732
28 · Net assets with donor restrictions

beginning of year $17,294,042 · end of year $15,072,553

Mission and programs · 2022

Mission

Preserve the experience of the Badlands, the historic character of Medora and the heritage of Theodore Roosevelt and Harold Schafer; Present opportunities for our guests to be educated and inspired through interpretive programs, museums and attractions that focus on the Old West, our patriotic heritage, and the life of Theodore Roosevelt in the Badlands; Serve the traveling public, providing for their comfort while visiting historic Medora, the Badlands and Theodore Roosevelt National Park.

Activities or mission (Part I)

Operating history, education & entertainment businesses that allow guests to enjoy the ND Badlands.

The Organization educates visitors about the historical importance of the Medora area through the operation of museums, shows, and a musical. The Medora Musical is a seasonal historical and patriotic performing arts program and is the single largest program in support of the Theodore Roosevelt Medora Foundation's primary exempt purpose. In 2022, the Medora musical educated, informed, and entertained approximately 114,700 guests. To help serve and provide for the comfort of the traveling public, a variety of food service outlets are operated, most notably the Pitchfork Steak Fondue. Volunteers are a critical part of making operations successful in Medora. During 2022, 662 individuals filled 892 volunteer slots to help keep everything open and operating. In addition to the significant role played by volunteers, a seasonal workforce is also critical to the organization's success. Many college students fill these roles as the organization offers a college-like campus feel through its facilities and social opportunities. College students attending domestic colleges or universities are eligible for a $1,500 Tjaden Scholarship through the Tjaden Educational Assistance Program. All seasonal employees are eligible for the $500 Larson Ambassador Award, which is paid as a taxable bonus. In 2022, ten Tjaden Scholarships were issued to eight domestic student employees and two international student employees, all attending domestic colleges or universities. Twenty-six Ambassador Awards were paid out in 2022.

Expenses $7,390,408 · Grants $15,000 · Revenue $8,124,920

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Ed Schafer

Chair of Board (Jan-Feb)

Total calculated

$0

Hours/week

1
Tim O'Keefe

Chair of Board

Total calculated

$0

Hours/week

1 + 1 related
Levi Andrist

Vice Chair of Board

Total calculated

$0

Hours/week

1
Michael Zaun

Secretary/Treasurer

Total calculated

$0

Hours/week

1 + 1 related
Kristi Hanson

Director

Total calculated

$0

Hours/week

1
Barry Schafer

Director

Total calculated

$0

Hours/week

1
Bruce Furness

Director

Total calculated

$0

Hours/week

1
Don Clement

Director

Total calculated

$0

Hours/week

1
Linda Pancratz

Director

Total calculated

$0

Hours/week

1
Kathy Neset

Director

Total calculated

$0

Hours/week

1
Medora Sletten Lauf

Director

Total calculated

$0

Hours/week

1
Rich Becker

Director

Total calculated

$0

Hours/week

1
Rolf Sletten

Director

Total calculated

$0

Hours/week

1
Tom Gerhardt

Director

Total calculated

$0

Hours/week

1
Tracy Martin

Director

Total calculated

$0

Hours/week

1
Twylah Blotsky

Director

Total calculated

$0

Hours/week

1
Doug Mark

Director

Total calculated

$0

Hours/week

1
Laurel Nelson

Director

Total calculated

$0

Hours/week

1
Jody Hodgson

Director

Total calculated

$0

Hours/week

1
Michelle Mongeon Allen

Director starting February

Total calculated

$0

Hours/week

1
Randy Hatzenbuhler

President

Total calculated

$247,457

From this org

$184,747

From related orgs

$0

Other

$62,710

Hours/week

40

Schedule J breakdown matched by us

Base

$180,747

Bonus

$4,000

Other

$0

Deferred

$30,108

Nontaxable benefits

$33,391

Filer's total

$248,246
Emily Klym

Chief Financial Officer

Total calculated

$116,617

From this org

$95,000

From related orgs

$0

Other

$21,617

Hours/week

40
Clarence Sitter

Chief Operating Officer

Total calculated

$177,121

From this org

$128,174

From related orgs

$0

Other

$48,947

Hours/week

40

Schedule J breakdown matched by us

Base

$125,224

Bonus

$2,950

Other

$0

Deferred

$8,757

Nontaxable benefits

$40,980

Filer's total

$177,911
Joe Wiegand

Theodore Roosevelt Reprisor

Total calculated

$202,503

From this org

$164,755

From related orgs

$0

Other

$37,748

Hours/week

40

Schedule J breakdown matched by us

Base

$152,351

Bonus

$3,404

Other

$9,000

Deferred

$9,464

Nontaxable benefits

$29,073

Filer's total

$203,292
Lyubomyr Shkandriy

Hospitality Director

Total calculated

$110,896

From this org

$101,975

From related orgs

$0

Other

$8,921

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
3 · Compensation committee
3 · Compensation survey or study
3 · Approval by the board or compensation committee
5a · Pay contingent on this organization's revenues

Answered no

1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a: Randy Hatzenbuhler, Clarence Sitter, Lyubomyr Shkandriy, and Joe Wiegand all reside in TRMF housing for all or part of the year in Medora. Joe's housing is taxable for a portion of the year and he lives in it year-round other than when he is traveling. Clarence and Lyubomyr lives in the housing year-round and have met the requirements for it to be a tax-free. Randy lives in the housing during the summer months and it is also a tax-free.
Part I, Line 5: A portion of the company-wide incentive plan that was earned in 2021 was paid in 2022. Individual incentive plans for Randy and Clarence do have a portion tied to the result of meeting the company's financial goals.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

TRMF Third Street Housing LLC

Lease Units in Apartment Building · ND · income $96 · assets $1,553,357

Directly controlled by Theodore Roosevelt Medora Foundation

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Bully Pulpit Inc

C · Golf Course, Retail and Hotels · ND · 100% owned · share of income $10,333,497 · share of assets $1,013,140 · controlled entity

Directly controlled by Theodore Roosevelt Medora Foundation
Charitable Remainder Unitrusts (1)

T · Charitable Trust · ND

Provenance

Return type: form_990
Tax year: 2022
Filed: 30 October 2023
IRS schema version: 2022v5.0
Source object: 202323049349302812

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.