Nonprofit · EIN 41-1978942
WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC
Tax-exempt · WASECA, MN 56093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $111,401 | $96,365 | $15,036 | $225,895 | $1,029 | $224,866 |
| July 31, 2024 | 990 | $50,628 | $54,944 | -$4,316 | $211,127 | $1,297 | $209,830 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $79,730
- Program service revenue
- $9,200
- Investment income
- $12,787
- Net income from gaming
- $9,684
- Other revenue
- $9,684
Expenses
- Grants and similar amounts paid
- $17,800
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,200
- Program services (functional)
- $95,165
- Management and general (functional)
- $1,200
Balance sheet and other
- Total assets, start of year
- $211,127
- Total assets, end of year
- $225,895
- Total liabilities, end of year
- $1,029
- Net assets, end of year
- $224,866
- Gross unrelated business income
- $310
- Gross receipts
- $3,622,263
- Employees
- 2
- Volunteers
- 100
- Year formed
- 1955
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN BORGMANN 6628 WAGES IN GAMB | PRESIDENT Trustee or director, Officer | 8 | $0 |
| SCOTT ROEMHILDT | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOLENE GUNDERMANN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| SUSAN EBERLINE | DIRECTOR Trustee or director | 2 | $0 |
| JENNIFER BURT 13894 WAGES IN GAMB | DIRECTOR/GAMBLING MGR Trustee or director | 15 | $0 |
990 for the year ended July 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN BORGMANN 6682 WAGES IN GAMB | PRESIDENT Trustee or director, Officer | 8 | $0 |
| SCOTT ROEMHILDT | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| JOLENE GUNDERMANN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 |
| SUSAN EBERLINE | DIRECTOR Trustee or director | 3 | $0 |
| JENNIFER BURT 16268 WAGES IN GAMB | DIRECTOR/GAMBLING MGR Trustee or director | 15 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 693, WASECA, MN 56093-0693
- Principal officer (990 for 2024)
- KEN BORGMANN, PO BOX 693, WASECA, MN 56093
- Signed the 990
- KEN BORGMANN, CEO
- Phone
- (507) 461-3727
- Website
- WWW.SLEIGHANDCUTTER.ORG
- Return prepared by
- KARLA HAVEMEIER LTD
Mission
TO SPONSOR AND CONDUCT THE HOLDING OF WHAT IS NOW KNOWN AS THE WASECA SLEIGH & CUTTER FESTIVAL FOR THE PURPOSE OF STIMULATING CIVIC INTERESTS AND PARTICIPATION IN THE OUTDOOR ACTIVITIES AND WINTER SPORTS AVAILABLE TO AND IN THE COMMUNITY OF WASECA, AND TO DO ANY AND ALL ACTS NECESSARY AND INCIDENTAL TO ACCOMPLISH THE PURPOSE OF THIS ORGANIZATION. FURTHER, THE ASSOCIATION SHALL PROVIDE SCHOLARSHIPS TO AREA SCHOOLS AND TO THE MISS WASECA SLEIGH & CUTTER. ANOTHER GOAL IS TO PROVIDE FUNDING TO LOCAL ORGANIZATIONS LIKE THE 4-H AND WASECA COUNTY FAIR.
Program accomplishments
- SLEIGH & CUTTER FESTIVAL TO INITIATE & STIMULATE INTEREST AND PARTICIPATION IN A WINTER FESTIVAL. EVENTS SERVE AREA YOUTH & ADULTS. ACTIVITIES INCLUDE HOCKEY, ICE FISHING, ICE HARVEST, INDOOR & OUTDOOR SPORTING EVENTS AND OTHER CONTESTS. OVER 10,000 PEOPLE ATTENDED.Expenses $86,935 · revenue $9,200
- MISS WASECA SLEIGH & CUTTER IS A SCHOLARSHIP PROGRAM. THE PAGEANT IS OPEN TO YOUNG WOMEN FROM THE WASECA AREA. ALL CONTESTANTS RECEIVE SCHOLARSHIP MONEY. THE WINNER QUALIFIES TO COMPETE IN THE MISS MINNESOTA PAGEANT. APPROXIMATELY 20 CONTESTANTS EACH YEAR. OTHER DONATIONS AND SCHOLARSHIPS TO LOCALS IN THE AMOUNT OF $162,023 IS INCLUDED IN LAWFUL GAMBLING EXPENDITURES.Expenses $7,500 · grants $17,800
- CHILDREN'S DREAM CATCHER PROGRAM PROVIDES A WISH OR DREAM FOR A FAMILY WHO HAS A TERMINALLY ILL CHILD IN THE WASECA AREA.Expenses $730
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 41-1978942
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A990)
- Assets (IRS master file)
- $225,895
- Income (IRS master file)
- $3,622,263
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $111,401 | $96,365 | $225,895 | XML |
| 990-T | July 2025 | – | – | – | IRS |
| 990 | July 2024 | $50,628 | $54,944 | $211,127 | XML |
| 990-T | July 2024 | – | – | – | IRS |
| 990 | July 2023 | $63,502 | $43,098 | $215,842 | IRS |
| 990-T | July 2023 | – | – | – | IRS |
| 990 | July 2022 | – | – | – | IRS |
| 990-T | July 2022 | – | – | – | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990-T | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1978942).
Questions about WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC
- What is the EIN of WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC?
- The employer identification number (EIN) of WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC is 41-1978942.
- Is WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC?
- The 990 for the year ended July 31, 2025 names KEN BORGMANN.
- Who are the officers and directors of WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC?
- The 990 for the year ended July 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does WASECA SLEIGH AND CUTTER FESTIVAL ASSOCIATION INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $111,401, expenses of $96,365 and total assets of $225,895 at year end.
Other nonprofits in WASECA
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- WASECA COUNTY HISTORICAL SOCIETY EIN 41-0966847 · last filed 990 for 2024
- WASECA ARTS COUNCIL INC EIN 41-1352545 · last filed 990 for 2024
- IRISH-AMERICAN CLUB OF SOUTHERN MINNESOTA EIN 99-4445768 · last filed 990-N for 2025
- WASECA CLASSIC INC EIN 26-3315060 · last filed 990-N for 2025
- WASECA CHORALE INC EIN 41-1867452 · last filed 990-N for 2025
- NUTRITION SERVICES INCORPORATED EIN 41-1847359 · last filed 990 for 2024
- JOBS PLUS INC EIN 41-6050238 · last filed 990 for 2025
All nonprofits in WASECA · Minnesota · Arts, culture and humanities