Two Bear Air Rescue Foundation

Private foundation · Grantmaker Kalispell, MT EIN: 81-3804693

Two Bear Air Rescue Foundation is a private foundation focused on Public Safety, Disaster Preparedness & Relief, based in Kalispell, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.0M in total assets. In 2024, it made $5.2M in qualifying distributions. Net investment income was $828K.

Two Bear Air Rescue Foundation at a glance

Total assets
$22,006,793
-11.9% vs 2023
Revenue (2024)
$927,942
+38.9% vs 2023
Qualifying distributions (2024)
$5,163,932
+46.0% vs 2023
Expenses (2024)
$3,800,036
-15.2% vs 2023
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Two Bear Air Rescue Foundation funds

How this funder distributes its grants

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Hungry HorseWhitefish

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$1K$2K$3K0 grants2020 0 grants2021 1 grant2022 1 grant2023 0 grants2024

From 2022 to 2023, annual grant giving ranged from $3K (2022) to $3K (2023). In 2023 it made 1 grant totaling $3K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Friends of the Flathead Avalanche Center Inc Whitefish, MTGeneral Support$3,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment Income
2024$22,006,793$927,942$3,800,036——$5,163,932$827,678
2023$24,971,894$667,907$4,481,060$3,0001$3,536,259$576,410
2022$28,772,283$21,793,084$8,246,868$3,0001$4,449,262$20,399,476
2021$15,229,685$12,424,301$3,292,186——$2,128,270$7,126,313
2020$6,149,317$5,241,802$2,254,152———$3,306,778

Leadership & Key People

Officers and directors from IRS filings

Two Bear Air Rescue Foundation is led by Michael Goguen, President & Director on every filing since 2020; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Michael Goguen

    President & Director

    On filings since 2020

    4 hrs/week

    No compensation reported

  • Karen Valladao

    Treasurer & Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Michael Peters

    Secretary, Vice President & Director

    On filings since 2022

    4 hrs/week

    No compensation reported

  • Richard Hegger

    Director

    On filings since 2022

    4 hrs/week

    No compensation reported

  • Robert Cherot

    Director

    On filings since 2022

    4 hrs/week

    No compensation reported

Former officers (2)
  • Former: James Heckman (2022) — Chief Pilot
  • Former: James Pierce (2020–2021) — Secretary & Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Two Bear Air Rescue Foundation

How large is Two Bear Air Rescue Foundation?

Two Bear Air Rescue Foundation reported $22.0M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $928K.

What is Two Bear Air Rescue Foundation?

Two Bear Air Rescue Foundation is a private foundation focused on Public Safety, Disaster Preparedness & Relief, based in Kalispell, MT. It holds $22.0M in total assets as of 2024.

Where does Two Bear Air Rescue Foundation operate?

Two Bear Air Rescue Foundation has awarded grants in Montana.

What is Two Bear Air Rescue Foundation's EIN?

Two Bear Air Rescue Foundation's EIN (Employer Identification Number) is 81-3804693. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Two Bear Air Rescue Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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