Nonprofit · EIN 84-3923114
WASECA AREA FOUNDATION
Tax-exempt · WASECA, MN 56093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $449,927 | $348,176 | $101,751 | $2,730,996 | $350 | $2,730,646 |
| December 31, 2023 | 990 | $453,307 | $618,626 | -$165,319 | $147,205 | $218,012 | -$70,807 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $397,464
- Program service revenue
- $231
- Investment income
- $52,232
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $269,696
- Compensation of officers, directors and key employees
- $36,000
- Other salaries and wages
- $2,251
- Salaries, compensation and benefits (total)
- $40,722
- Professional fundraising fees
- $0
- Accounting fees
- $2,585
- Occupancy
- $4,725
- Program services (functional)
- $344,547
- Management and general (functional)
- $3,629
Balance sheet and other
- Total assets, start of year
- $147,205
- Total assets, end of year
- $2,730,996
- Total liabilities, end of year
- $350
- Net assets, end of year
- $2,730,646
- Net assets without donor restrictions
- $120,150
- Net assets with donor restrictions
- $2,610,496
- Gross receipts
- $449,927
- Employees
- 2
- Year formed
- 2019
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY POTTER | Executive Dir. Trustee or director | 35 | $36,000 |
| ROGER ASHLAND | MEMBER Trustee or director | 1 | $0 |
| KARLA CHRISTOPHERSON | NRAF REP Trustee or director | 1 | $0 |
| MOLLY ERDMAN | MEMBER Trustee or director | 1 | $0 |
| DIANE BECKMANN | MEMBER Trustee or director | 1 | $0 |
| LAUREN SWANBERG | MEMBER Trustee or director | 1 | $0 |
| KATIE YOUNGBERG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BRAD MILBRATH | MEMBER Trustee or director | 1 | $0 |
| DAVE DUNN | Chairman Trustee or director, Officer | 1 | $0 |
| KEVIN WALTER | MEMBER Trustee or director | 1 | $0 |
| ANN GAYTKO | MEMBER Trustee or director | 1 | $0 |
| ROSALIE GRAMS | JAF REP Trustee or director | 1 | $0 |
| JOHN HANSON | MEMBER Trustee or director | 1 | $0 |
| PEGGY HILDEBRANDT | Treasurer Trustee or director, Officer | 1 | $0 |
| ERIC HUDSPETH | MEMBER Trustee or director | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EMILY KNUDSEN | MEMBER Trustee or director | 1 | $0 |
| DAVID ORASKOVICH | MEMBER Trustee or director | 1 | $0 |
| MICHELLE PRIEBE | Secretary Trustee or director, Officer | 1 | $0 |
| ROY SRP | ADJUNCT Trustee or director | 1 | $0 |
| PENNY VOUGHT | MEMBER Trustee or director | 1 | $0 |
| TIM WENZEL | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY POTTER | Executive Dir. Trustee or director | 1 | $34,004 |
| ROGER ASHLAND | MEMBER Trustee or director | 1 | $0 |
| KARLA CHRISTOPHERSON | NRAF REP Trustee or director | 1 | $0 |
| MOLLY ERDMAN | MEMBER Trustee or director | 1 | $0 |
| BRAD CONNORS | MEMBER Trustee or director | 1 | $0 |
| LAUREN SWANBERG | MEMBER Trustee or director | 1 | $0 |
| KATIE YOUNGBERG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAVE DUNN | Chairman Trustee or director, Officer | 1 | $0 |
| ANN GAYTKO | MEMBER Trustee or director | 1 | $0 |
| ROSALIE GRAMS | JAF REP Trustee or director | 1 | $0 |
| JOHN HANSON | MEMBER Trustee or director | 1 | $0 |
| PEGGY HILDEBRANDT | Treasurer Trustee or director, Officer | 1 | $0 |
| ERIC HUDSPETH | MEMBER Trustee or director | 1 | $0 |
| AL KINGSLEY | MEMBER Trustee or director | 1 | $0 |
| EMILY KNUDSEN | MEMBER Trustee or director | 1 | $0 |
| DAVID ORASKOVICH | PAST CHAIR Trustee or director, Officer | 1 | $0 |
| MICHELLE PRIEBE | Secretary Trustee or director, Officer | 1 | $0 |
| ROY SRP | ADJUNCT Trustee or director | 1 | $0 |
| PENNY VOUGHT | MEMBER Trustee or director | 1 | $0 |
| TIM WENZEL | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 501 ELM AVE E, WASECA, MN 56093-3360
- Mailing address (990-N for 2021)
- 501 EAST ELM AVENUE, WASECA MN 56093
- Principal officer (990 for 2024)
- DAVE DUNN, 501 EAST ELM AVE 126, WASECA, MN 56093
- Principal officer (990-N for 2021)
- Amy Potter, 501 EAST ELM AVENUE, WASECA MN 56093
- Signed the 990
- DAVE DUNN, Chairman
- Phone
- (507) 835-5990
- Return prepared by
- Michael D Kubat CPA LLC
Mission
Our mission is to provide an opportunity for groups or individuals to leave a legacy through contributions which build a permanent community fund committed to meeting the changing needs of the Waseca area.
Program accomplishments
- Our mission is to provide an opportunity for groups or individuals to leave a legacy through contributions which build a permanent community fund committed to meeting the changing needs of the Waseca area.Expenses $344,547 · grants $269,696 · revenue $449,927
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3923114
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,730,996
- Income (IRS master file)
- $449,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $449,927 | $348,176 | $2,730,996 | IRS |
| 990 | December 2023 | $453,307 | $618,626 | $147,205 | XML |
| 990 | December 2022 | $313,072 | $310,360 | $328,497 | IRS |
| 990-N for 2021 Officer: Amy Potter | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: AMY POTTER | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-3923114).
Questions about WASECA AREA FOUNDATION
- What is the EIN of WASECA AREA FOUNDATION?
- The employer identification number (EIN) of WASECA AREA FOUNDATION is 84-3923114.
- Is WASECA AREA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to WASECA AREA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WASECA AREA FOUNDATION 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 AREA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WASECA AREA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WASECA AREA FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVE DUNN.
- Who are the officers and directors of WASECA AREA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 1 received compensation from the organization, the highest $36,000 (AMY POTTER, Executive Dir.).
- How much revenue does WASECA AREA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $449,927, expenses of $348,176 and total assets of $2,730,996 at year end.
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