Wasie Properties INC

Wayzata, MNUnknown exempt organizationSince 2004 EIN 20-0715949Latest return filed May 7, 2026

On file with the IRSWayzata, MN

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The mission (purpose) of Wasie Properties, INC. Is to function as a 501(c)(2) title holding corporation, holding title to real property and remitting any net income from property to its parent, the Wasie foundation.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0715949) · Dispute this line
$130K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $467K a year · 110384% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$130K
to officers and key staff · 30% of spending
Pay to officers and key staff is 30% of spending.
Part VII, Section A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 4 voting members
2 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$0
Spent
$429K
Net assets
$0
By yearFY2020–FY2025
Revenue
$0
FY2025
Tap a bar for its year
Revenue by fiscal year
FY2020$614
FY2021$0
FY2022$2K
FY2023$0
FY2024$0
FY2025$0
Expenses
$429K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$495K
FY2021$485K
FY2022$463K
FY2023$475K
FY2024$459K
FY2025$429K
Net assets
$0
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.0M
FY2021$5.7M
FY2022$5.5M
FY2023$5.2M
FY2024$4.9M
FY2025$0

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990; $130K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President/CEO
$76,567Pt VII · Sec A
Exec Dir/Vice Pres/Treas
$53,160Pt VII · Sec A
Director Through 1/31/25
$0Pt VII · Sec A
Secretary/Director as of 2/14/25
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gregg D Sjoquist$76,567$82,364$84,778$77,386$84,659$87,326
Danille B Mathison$53,160$56,170$53,683$49,119$42,371$54,358
Regina C Bergeron————$3,007$3,849
Linda M Cooke————$3,007$3,849
Regina C Bergeron Thru 121222———$3,012——
Linda M Cooke Thru 121222———$3,012——
Sandra D Muvdi———$3,012$752—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wasie Properties INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Owns parent company's real estate investments.

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$429K
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$26K$0
InvestmentsLn 11–13$5.0M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$5.0M$0
LiabilitiesLn 26$103K$0
Net assetsLn 32$4.9M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$130K
Payroll taxesLn 10$10K
Legal feesLn 11b$8K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$275
Office expensesLn 13$645
Depreciation, depletion and amortizationLn 22$41K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$229K
Total functional expensesLn 25$429K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 7, 2026 $0$429K−$429K$0 990 PDF
FY2024Filed with the IRS Sep 29, 2025 $0$459K−$459K$4.9M 990 PDF
FY2023Filed with the IRS Nov 9, 2024 $0$475K−$475K$5.2M 990 PDF
FY2022Filed with the IRS Oct 17, 2023 $2K$463K−$461K$5.5M 990 PDF
FY2021Filed with the IRS Oct 26, 2022 $0$485K−$485K$5.7M 990 PDF
FY2020Filed with the IRS Nov 2, 2021 $614$495K−$495K$6.0M 990 PDF

Schedules filed Part IV

J · Pay N · Closing or selling assets O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$0
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $186,701$139,822
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $272,657$288,916
I-18 Total expensesPrior year $459,358$428,738
I-19 Revenue less expensesPrior year −$459,358−$428,738
Part VI · Governance 2 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $428,738 across 9 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$129,727
IX-10 Payroll taxes$10,095
IX-11b Legal fees$7,524
IX-11c Accounting fees$2,450
IX-11g Other fees for services$275
IX-13 Office expenses$645
IX-22 Depreciation, depletion and amortization$40,838
IX-23 Insurance$8,433
IX-24 Other expenses (24a–d)$228,751
IX-25 Total functional expenses$428,738
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $26,140$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $4,982,001$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $5,008,141$0
X-17 Accounts payable and accrued expensesStart of year $103,323$0
X-26 Total liabilitiesStart of year $103,323$0
X-27 Net assets without donor restrictionsStart of year $4,904,818$0
X-32 Total net assets or fund balancesStart of year $4,904,818$0
X-33 Total liabilities and net assetsStart of year $5,008,141$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$428,738
XI-3 Revenue less expenses−$428,738
XI-4 Net assets at start of year$4,904,818
XI-9 Other changes in net assets−$4,476,080
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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