Waseca Sleigh And Cutter Festival Association Inc
- Assets
- $215.8k
- Revenue
- $63.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Waseca, MN
- Founding
- 11/2000
- Data as of
- 07/2023
- EIN
- 41-1978942
Organization Overview
Waseca Sleigh And Cutter Festival Association Inc is located in Waseca, MN. The organization was established in 2000. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2024, Waseca Sleigh And Cutter Festival Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waseca Sleigh And Cutter Festival Association Inc 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 07/2023, Waseca Sleigh And Cutter Festival Association Inc generated $63.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $43.1k during the year ending 07/2023. While expenses have increased by 6.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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 $94,932 IS INCLUDED IN LAWFUL GAMBLING EXPENDITURES.
CHILDREN'S DREAM CATCHER PROGRAM PROVIDES A WISH OR DREAM FOR A FAMILY WHO HAS A TERMINALLY ILL CHILD IN THE WASECA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Borgmann 6682 Wages In Gamb President | OfficerTrustee | 8 | $0 |
Scott Roemhildt Vice President | OfficerTrustee | 3 | $0 |
Jolene Gundermann Secretary/treasurer | OfficerTrustee | 2 | $0 |
Susan Eberline Director | Trustee | 3 | $0 |
Jennifer Burt 16268 Wages In Gamb Director/gambling Mgr | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,765 |
| Total Program Service Revenue | $7,935 |
| Investment income | $6,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $25,440 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,900 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $43,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,679 |
| Savings and temporary cash investments | $118,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,842 |
| Accounts payable and accrued expenses | $1,696 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,696 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $214,146 |
| Total liabilities and net assets/fund balances | $215,842 |
Grants Awarded
Over the last fiscal year, Waseca Sleigh And Cutter Festival Association Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WASECA COUNTY AREA HUMANE SOCIETY PURPOSE: DONATIONS FOR BENEFIT OF THE COUNTY HUMANE SOCIETY.DONATIONS IN SUPPORT OF SPECIAL OLYMPICS. | $6,500 |
ASPYN ACRES WILDLIFE REHAB & FARM SANCTUARY PURPOSE: DONATIONS IN SUPPORT OF LOCAL NONPROFIT. | $8,500 |