Wasie Foundation
- Assets
- $18.0m
- Revenue
- $1.3m
- Investments
- $16.3m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 04/1967
- Data as of
- 12/2021
- 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 12/2021, Wasie Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wasie Foundation has awarded 87 individual grants totaling $2,732,887. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg D Sjoquist President/ceo/director | 45 | $211,703 | |
Danille B Mathison Exec Dir/asst Treas/asst Sec | 40 | $137,114 | |
Linda M Cooke Secretary/director | 5 | $8,993 | |
Regina C Bergeron Vice Pres/treas/director | 5 | $8,993 | |
Sandra D Muvdi Director | 5 | $2,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $184,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,056,779 |
| Capital Gain Net Income | $1,056,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $52,302 |
| Total Revenue | $1,294,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $369,051 |
| Other employee salaries and wages | $94,140 |
| Pension plans, employee benefits | $143,287 |
| Interest | $0 |
| Taxes | $1,788 |
| Depreciation | $36,005 |
| Occupancy | $16,190 |
| Travel, conferences, and meetings | $27,127 |
| Printing and publications | $3,390 |
| Other expenses | $56,320 |
| Total operating and administrative expenses | $859,022 |
| Contributions, gifts, grants paid | $978,823 |
| Total expenses and disbursements | $1,837,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,218 |
| Savings and temporary cash investments | $541,367 |
| Net Accounts receivable | $41,749 |
| 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 | $8,544,354 |
| Net Land, buildings, and equipment | $999,179 |
| Other assets | $0 |
| Total assets | $17,983,117 |
| 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 $978,823 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Hollywood, FL PURPOSE: CAPITAL IMPROVEMENTS | $300,000 |
Minneapolis, MN PURPOSE: RESEARCH | $125,000 |
Minnetonka, MN PURPOSE: GENERAL OPERATIONS | $100,000 |
Ft Lauderdale, FL PURPOSE: GENERAL OPERATIONS | $100,000 |
Naples, FL PURPOSE: PROGRAM SUPPORT | $55,000 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |