Wasie Foundation
- Assets
- $9.0m
- Revenue
- $270.5k
- Investments
- $8.5m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 04/1967
- Data as of
- 12/2023
- EIN
- 41-0911636
Organization Overview
Wasie Foundation is located in Wayzata, MN. The organization was established in 1967. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wasie Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Wasie Foundation generated $270.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wasie Foundation has awarded 127 individual grants totaling $7,912,034. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION'S STAFF SERVED ON THE BOARDS AND/OR ADVISORY COMMITTEES OF NUMEROUS CHARITABLE ORGANIZATIONS, AND PROVIDED 450 HOURS OF TECHNICAL ASSISTANCE TO GRANTEES AND OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg D Sjoquist President/ceo/director | 40 | $254,677 | |
Sandra D Muvdi Vice Pres/treas/director | 5 | $0 | |
Danille B Mathison Exec Dir/secretary/asst Treas | 40 | $161,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $168,281 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,648 |
| Capital Gain Net Income | $10,648 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $91,563 |
| Total Revenue | $270,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $416,071 |
| Other employee salaries and wages | $111,809 |
| Pension plans, employee benefits | $166,135 |
| Interest | $0 |
| Taxes | $256 |
| Depreciation | $0 |
| Occupancy | $5,653 |
| Travel, conferences, and meetings | $782 |
| Printing and publications | $2,737 |
| Other expenses | $28,526 |
| Total operating and administrative expenses | $870,263 |
| Contributions, gifts, grants paid | $2,092,744 |
| Total expenses and disbursements | $2,963,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,738 |
| Savings and temporary cash investments | $383,688 |
| Net Accounts receivable | $63,874 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,800,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,016,504 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wasie Foundation has awarded $2,092,744 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
4KIDS OF SOUTH FLORIDA INC PURPOSE: GENERAL OPERATIONS | $500,000 |
BREANNA'S GIFT PURPOSE: PROGRAM SUPPORT | $7,500 |
ATAXIA TELANGIECTASIA CHILDREN'S PROJECT PURPOSE: PROGRAM SUPPORT | $5,000 |
GILDA'S CLUB TWIN CITIES INC PURPOSE: GENERAL OPERATIONS | $5,000 |
HUMANE SOCIETY OF COLLIER COUNTY INC PURPOSE: GENERAL OPERATIONS | $7,500 |
JOE DIMAGGIO CHILDREN'S HOSPITAL FOUNDATION INC PURPOSE: CAPITAL IMPROVEMENTS | $150,000 |