2025-11-13T13:44:21-06:00 2024-12-31 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2024-01-01 450397662 Theodore Roosevelt Medora Foundation THEO 7016234444 PO Box 198 Medora ND 586450198 Emily Klym Chief Financial Officer 7016234444 2025-11-11 1 1 Lisa Chaffee CPA P00193453 7012551091 2025-11-11 2024 2025-03-06 01:10:19Z Clarence Sitter PO Box 198 Medora ND 586450198 28035019 0 X www.medora.com X 1986 ND Operating history, education & entertainment businesses that allow guests to enjoy the ND Badlands. 17 17 470 657 434290 0 7600308 14205491 8902726 8925044 1510750 868637 5983 477229 18019767 24476401 22500 20500 0 0 5861100 6088628 0 0 1025150 5906916 6708733 11790516 12817861 6229251 11658540 91131933 100398143 10396665 7776896 80735268 92621247 X 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. 0 0 8659126 20500 8925044 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 2024, the Medora Musical educated, informed, and entertained approximately 111,500 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 2024, 640 individuals filled 791 volunteer slots to help keep everything open and operating. 8659126 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 1 67 0 1 470 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN TX UT VA WV WI X Emily Klym 7013948896 PO Box 198 Medora ND 586450198 Levi Andrist Chair of Board 3.00 0.50 X X 0 0 0 Jody Hodgson Vice Chair of Board 2.00 0.50 X X 0 0 0 Michael Zaun Secretary/Treasurer 2.00 0.50 X X 0 0 0 Glenn Baranko Director 1.00 0.00 X 0 0 0 Kate Black Director 1.00 0.00 X 0 0 0 John Bollinger Director 1.00 0.00 X 0 0 0 Don Clement Director 1.00 0.00 X 0 0 0 Kristi Hanson Director 1.00 0.50 X 0 0 0 Doug Mark Director 1.00 0.00 X 0 0 0 Michelle Mongeon Allen Director 1.00 0.00 X 0 0 0 Laurel Nelson Director 1.00 0.00 X 0 0 0 Kathy Neset Director 1.00 0.00 X 0 0 0 Cheri Schoenfish Director 1.00 0.00 X 0 0 0 Rolf Sletten Director 1.00 0.00 X 0 0 0 Byron Snider Director 1.00 0.00 X 0 0 0 Barry Schafer Director (Until Feb 24) 1.00 0.00 X 0 0 0 Medora Sletten Lauf Director (Until Feb 24) 1.00 0.00 X 0 0 0 Linda Pancratz Director 1.00 0.00 X 0 0 0 Tim O'Keefe Director 1.00 0.50 X 0 0 0 Randy Hatzenbuhler President 40.00 0.00 X 757348 0 40150 Emily Klym Chief Financial Officer 40.00 0.00 X 132532 0 25218 Joe Wiegand Theodore Roosevelt Reprisor 40.00 0.00 X 195791 0 20074 Clarence Sitter Chief Operating Officer 40.00 0.00 X 197338 0 31056 Lyubomyr Shkandriy Hospitality Director 40.00 0.00 X 152756 0 16064 Nathan Huntington-Chief Projects Strategy, and Facilities Officer 40.00 0.00 X 166124 0 10199 Sheila Strommen Human Resources Director 40.00 0.00 X 140859 0 27057 Kinley Slauter Attractions and Entertainment Director 40.00 0.00 X 144496 0 8621 Darwin Lindsey Golf Course Superintendent 40.00 0.00 X 123182 0 6145 Doug Koester Maintenance Director 40.00 0.00 X 100065 0 8606 Daniel Gannarelli Developement Director 40.00 0.00 X 140084 0 17714 2250575 0 210904 11 0 1 0 RWS and Associates Entertainment 34-01 38th Ave Suite 302 Long Island City NY 11101 Musical Production 1238350 Lawrence & Schiller Inc 3932 S Willow Ave Sioux Falls SD 57105 Avertising Agency 402702 Tooz Construction 4038 3rd Ave West Dickinson ND 58601 Construction 375897 Winn Construction PO Box 1141 Dickinson ND 58601 Construction 347425 Inside & Out LLC 4940 Hwy 1806 Mandan ND 58554 Construction 270793 12 40549 132617 14032325 692833 14205491 Activities 713990 8243522 8243522 Management Fees 561499 590000 590000 91522 79569 11953 8925044 1015009 1015009 2754 2754 3818893 3385695 433198 433198 -200752 633950 113963 32409 -113963 -32409 -146372 -18939 -127433 15800 40549 26551 -10751 -10751 Interest From a Controlled Entity 522200 52028 52028 52028 24476401 8323091 434290 1513529 20500 20500 1747642 384247 909815 453580 3422797 2809844 477441 135512 111738 94150 10530 7058 420376 275397 99814 45165 386075 241266 101391 43418 49194 1887 46359 948 55849 53949 1900 27753 27753 486617 306426 147402 32789 472154 468669 31 3454 622324 578793 17849 25682 538289 111514 375231 51544 870008 629411 206850 33747 365046 129681 145661 89704 167120 43774 123346 1188571 877214 293336 18021 221615 179062 37106 5447 Theatrical Contracts 1271484 1270384 300 800 Repairs and Maintenance 214296 196000 18296 Taxes and Licenses 128335 105284 18910 4141 Income taxes -82000 -82000 112078 17623 22215 72240 12817861 8659126 3133585 1025150 4529344 5025756 4277922 10483726 184777 272580 58686 56021 222709 195301 94211777 40777198 52728099 53434579 20105509 22106549 269094 135211 8755793 8688420 91131933 100398143 1287009 1260568 1032154 1179151 4065576 3381110 4011926 1956067 10396665 7776896 X 61337802 63376054 19397466 29245193 80735268 92621247 91131933 100398143 X 11658540 1095075 50000 -917636 X 0 1 X 1 0 X 5606699 11749054 7010462 7600308 14205491 46172014 5245102 8194108 7765492 8402034 8323091 37929827 10851801 19943162 14775954 16002342 22528582 84101841 275191 539735 452339 3747595 9929684 14944544 0 275191 539735 452339 3747595 9929684 14944544 69157297 335172 842325 955292 1443092 1982449 5558330 335172 842325 955292 1443092 1982449 5558330 11186973 20785487 15731246 17445434 24511031 89660171 0.77130 0.87820 0.06200 0.05130 X Short Year During 2021 the organization changed their reporting period to the calendar year. Column 2021 reports activity for the 11 month period from February 1, 2021 to December 31, 2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X Storage 1 15334571 1452470 1589035 290329 121201 17964546 11970059 1914922 1820515 237529 133396 15334571 12661279 1537788 -1900787 328221 11970059 10265633 1125080 1570491 299925 12661279 8598344 572692 1308597 214000 10265633 0.17790 0.69020 0.13190 0 0 2607330 2607330 54129255 21981859 32147396 15486108 10308255 5177853 21989084 8487084 13502000 53434579 Other Assets 12451 Related Party Receivable 1627277 Investment in Subsidiary -712774 Deferred Tax Asset/Liability 392000 Finance Lease 7369466 8688420 Annuities Payable 16230 Finance Lease Liability 1939487 Related Party Payable 350 1956067 X 28094044 1095075 122211 -1011889 205397 27888647 -3412246 -3412246 24476401 16474672 72211 3584600 3656811 12817861 0 12817861 Part III, Line 4: The organization has a collection of Native American artifacts, a collection of historic furniture belonging to relatives of the Marquis de Mores, and various other artifacts related to Theodore Roosevelt, Marquis de Mores, and Harold Schafer, which are all directly related to the organization's primary exempt purpose of educating visitors about the historical importance of the Medora area. The Native American collection is currently in storage until such time that an appropriate exhibition venue is established in the Medora area. All other collections and artifacts are on display for the general public to view in various properties owned by the organization. Part V, Line 4: The organization's intended use of endowment funds is specified by the endowment agreements which are driven by donor intent. Part X, Line 2: Management believes that each entity has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Change in Value of Split-Interest Agreement -3,775. Income (Loss) from Subsidiary -1,180,468. Imputed Interest 172,354. Part XI, Line 4b - Other Adjustments: Rental Expense reclass to Statement of Revenue for Form 990 -3,385,695. Special Event Expense reclass to Statement of Revenue for Form 990 -26,551. Part XII, Line 2d - Other Adjustments: Rental Expense reclass to Statement of Revenue for Form 990 3,385,695. Special Event Expense reclass to Statement of Revenue for Form 990 26,551. Imputed Interest 172,354. Rod Tjaden Golf Tournament 56349 40549 15800 11996 1009 5050 8496 56349 40549 15800 11996 1009 5050 8496 26551 -10751 1 Tjaden Scholarships 13 19500 0 Medora Girls Golf Camp Scholarships 1 1000 0 Part I, Line 2: Tjaden Scholarship checks are made payable to the domestic institution of higher education with the student's name notated on the memo line. If a recipient does not attend school, the check is returned to the Theodore Roosevelt Medora Foundation. The Golf Scholarship payments are made payable to the recipient's 529 savings plan if the recipient is still in high school, or if the student has identified a domestic institution of higher education they will be attending the checks are made payable to the domestic institution of higher education with the student's name notated on the memo line. Part III, Column b: Scholarship receipents are determined through a nomination process by managers and meeting certain criteria. TRMF estimates the number receipents based on funding available each year and number of applications/nominations. Part III, Column a Tjaden Educational Assistance Program: Each year, 10-20 awards of $1,500 each are awarded to seasonal employees who have demonstrated outstanding work qualities, leadership, and good character. - Hubbard Scholarship: Up to two students attending the University of North Dakota will be presented with a Don Hubbard Educational Assistance Scholarship. - Tim Johnson Memorial Scholarship: Up to two scholarships are awarded each year to employees who exhibit leadership and positive influence on guests and co-workers through courage and humor. - Winston Satran Scholarship: A scholarship is awarded each year to an employee who demonstrates leadership through compassion, patience and - most of all - hard work. - Wade Westin Scholarship: Up to two scholarships are awarded each year for dedication to Medora and enthusiasm for the Badlands, the Musical, and all that Medora offers. - Sheila Schafer Sunshine Award: A scholarship to honor Sheila Schafer is awarded each year to a student worker who is a true "daymaker" - someone who enriches the lives of co-workers and guests through a positive attitude, energy in their work and genuine kindness. - Shannon "Sunshine" Larson Scholarship: A scholarship is awarded to a student worker who demonstrates leadership and positively influences guests and co-workers through a truly sunny outlook on life. - Dean Hildebrand Conservation Scholarship: A scholarship is awarded to a student worker who shows, in addition to good character, work ethic, and leadership, an active desire to promote the conservation of natural resources. Eligibility requirements for the Tjaden Scholarships include the following criteria: 1. Individuals must have graduated from high school. 2. The monies must be used within 13 months of the award or is forfeited. 3. Top-level TRMF Officers or their dependents are ineligible. Medora Girls Golf Camp Scholarships: The scholarship recipients are selected by a group of coaches and staff working with the girls. Three scholarships are competition-based for the longest drive, chipping, and putting. The recipient of the Roughrider Award for strength and character also receives a scholarship. X 0 0 X X X 1 0 0 1 0 0 0 0 0 Randy Hatzenbuhler President 207474 0 543719 0 6155 0 20700 0 20999 0 799047 0 0 0 Clarence Sitter Chief Operating Officer 155220 0 19318 0 22800 0 12405 0 19013 0 228756 0 0 0 Joe Wiegand Theodore Roosevelt Reprisor 169132 0 6859 0 19800 0 11696 0 8739 0 216226 0 0 0 Nathan Huntington-Chief Projects Strategy, and Facilities Officer 116784 0 9660 0 39680 0 8199 0 2000 0 176323 0 0 0 Lyubomyr Shkandriy Hospitality Director 117868 0 13288 0 21600 0 7597 0 8827 0 169180 0 0 0 Sheila Strommen Human Resources Director 109271 0 15388 0 16200 0 8607 0 18810 0 168276 0 0 0 Daniel Gannarelli Developement Director 109521 0 18020 0 12543 0 8426 0 9636 0 158146 0 0 0 Emily Klym Chief Financial Officer 116771 0 15761 0 0 0 8455 0 17124 0 158111 0 0 0 Kinley Slauter Attractions and Entertainment Direct 103117 0 22179 0 19200 0 8621 0 0 0 153117 0 0 0 Part I, Line 1a Randy Hatzenbuhler, Joe Wiegand, Clarence Sitter, Nathan Huntington, Lyubomyr Shkandriy, Sheila Strommen, Kinley Slauter, Daniel Gannarelli, and Darwin Lindsey all reside in TRMF housing for all or part of the year in Medora. The fair market value of the housing is a taxable benefit being included in taxable income. Part I, Line 4a Nathan Huntington's employment was terminated 9/30/2024 as the position was no longer needed. A severance agreement was in place paying Nathan a gross lump-sum amount of $25,279.50 less deductions required by law. Part I, Line 5 Individual incentive plans were in place for Executive team members Randy, Emily, Clarence, Lyubomyr, Nathan, Sheila, Kinley and Daniel. A portion of their plans are tied to the result of meeting the company's financial goals. Nathan did not receive an incentive for 2024 as he was not employed on 12/31/24, which is a condition of all TRMF incentive plans. Joe, Darwin, and Doug were eligible for the company-wide incentive plan which was also tied to meeting the company's financial goals. Incentives from 2023 that had been accrued were paid in 2024,and 2024 earned incentives were also paid out in 2024. Part II, Row 1: President & CEO Randy Hatzenbuhler had a deferred compensation plan put in place by the Board of Directors in 2006. Over the 18-year period of contributions plus earnings the value accumulated to $540,714 and was paid out in 2024 as a bonus under the provisions of the plan. A Billings County North Dakota 456002200 000000000 2015-06-01 8000000 Refinance Existing MIDA Bond and for Construction of Life Skills Center 0 0 0 B Billings County North Dakota 456002200 000000000 2017-12-01 4500000 Construction of Elkhorn Quarters 0 0 0 A 7504072 8000000 87194 5478456 2434350 2017 1 0 1 1 B 1514536 4500000 80611 4419389 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 1 1 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 0 B 0 Date Rebate Computation Performed Issuer Name: Billings County North Dakota Date the Rebate Computation was Performed: 09/30/2022 Issuer Name: Billings County North Dakota Date the Rebate Computation was Performed: 09/30/2022 Substantial Contributor Substantial Contributor 166320 Lease Payments 0 Controlled Entity of Substantial Contributor Controlled Entity of Substantial Contributor 223655 Professional Services 0 X 5 63431 FMV X 3 814 Cost of Product X Other 21 623215 Cost X Tjaden Tourny 21 5373 Cost 0 0 1 0 Part I, Column (b): The amounts reported in Part I, column (b) represents the number of items contributed. Form 990, Part VI, Section A, line 1a TRMF has an Executive Committee that meets monthly and is given the authority to act on behalf of the board for any business that may be needed in between the 3 board meetings held during the fiscal year. The Executive Committee is comprised of the Chairman, Vice Chairman, Secretary, Treasurer, and committee chairs. The President/CEO is a non-voting member. The Executive Committee may exercise the authority of the board of directors in the governance of the corporation; provided, however, that the committee shall not have the authority of the board of directors in reference to amending, altering or repealing the bylaws; electing, appointing, or removing any member of the committee or any director or officer of the corporation; amending the articles of incorporation; adopting a plan of merger or adopting a plan of consolidation with another corporation; authorizing the sale, lease, exchange or mortgage of a substantial portion of the property and assets of the corporation; authorizing the voluntary dissolution of the corporation; adopting a plan for the distribution of assets of the corporation; or amending, altering or repealing any resolution provided by the board of directors. Form 990, Part VI, Section A, line 2 Michael Zaun, Jody Hodgson, Kristi Hanson, and Levi Andrist have a business relationship since they all serve on the Board of Directors of Bully Pulpit Inc. the wholly owned subsidiary of Theodore Roosevelt Medora Foundation. Michael Zaun, Tim O'Keefe have a business relationship since they both serve on the Board of Directors of Bully Pulpit Inc. the wholly owned subsidiary of Theodore Roosevelt Medora Foundation. Rolf Sletten and Medora Sletten have a family relationship. Form 990, Part VI, Section B, line 11b A draft of the Form 990 will be reviewed by the finance committee which will then recommend it to the full board for approval prior to the Form 990 being filed with the IRS. Form 990, Part VI, Section B, line 12c On an annual basis, each board member receives and is asked to sign a board member statement of commitment and understanding as well as a conflict of interest policy. This statement is also discussed at the annual meeting as an agenda item. Conflicts are reviewed at the board level. The person with the conflict is recused from the discussion and voting pertaining to the area of which a conflict exists. Form 990, Part VI, Section B, line 15a The organization has a compensation committee made up of between 4-6 individuals from the board of directors whose responsibility is to annually review compenation and benefits for the President. During this annual review process, comparability data is reviewed along with other information as may be requested by committee members and provided by management. Benefit and incentive plans are also reviewed and approved annually by the compensation commitee. The deliberation and decision is documented in the meeting minutes. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in Value of Split-Interest Agreement -3,775. Change in Value of Investment in BPI -913,861. TRMF Third Street Housing LLC 405 E River Rd S Medora ND 58645 883297452 Lease Units in Apartment Building ND 340015 7465359 Theodore Roosevelt Medora Foundation Bully Pulpit Inc 405 East River Road Medora ND 58645 450549273 Golf Course, Retail and Hotels ND Theodore Roosevelt Medora Foundation C 12419405 1683488 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 Bully Pulpit Inc A 52028 Accrual Bully Pulpit Inc D 1626927 Accrual Bully Pulpit Inc J 2760000 Accrual Bully Pulpit Inc L 13059 Accrual Bully Pulpit Inc O 590000 Accrual Bully Pulpit Inc Q 5268918 Accrual