Waseca Area Foundation
- Assets
- $328.5k
- Revenue
- $313.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Waseca, MN
- Founding
- Data as of
- 12/2022
- EIN
- 84-3923114
Organization Overview
Waseca Area Foundation is located in Waseca, MN. As of 12/2022, Waseca Area Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waseca Area Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Potter Executive Dir. | Trustee | 1 | $34,559 |
Marcy Buchele Member | Trustee | 1 | $0 |
Karla Christopherson Nraf Rep | Trustee | 1 | $0 |
Larry Collins Member | Trustee | 1 | $0 |
Brad Connors Member | Trustee | 1 | $0 |
JD Delgado Member | Trustee | 1 | $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 | $259,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,187 |
| Total Program Service Revenue | $53,298 |
| Investment income | $587 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,900 |
| 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. | $34,559 |
| Compensation of current officers, directors, key employees. | $1,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75 |
| Advertising and promotion | $870 |
| Office expenses | $3,276 |
| Information technology | $762 |
| Royalties | $0 |
| Occupancy | $4,236 |
| 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 | $2,624 |
| All other expenses | $2,091 |
| Total functional expenses | $310,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,324 |
| Savings and temporary cash investments | $302,173 |
| 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 | $328,497 |
| Accounts payable and accrued expenses | $1,335 |
| 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 | $232,650 |
| Total liabilities | $233,985 |
| Net assets without donor restrictions | $94,512 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $328,497 |
Grants Awarded
Over the last fiscal year, Waseca Area Foundation has awarded $81,310 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FARMAMERICA PURPOSE: COMMUNITY GRANT | $6,750 |
NRHEG SCHOOLS PURPOSE: COMMUNITY GRANT | $13,100 |
WASECA BAND BOOSTERS PURPOSE: COMMUNITY GRANT | $6,113 |
WASECA PUBLIC SCHOOLS PURPOSE: COMMUNITY GRANT | $55,347 |