Wasie Properties INC FY2020 filing

Wayzata, MN · Unknown exempt organization · Since 2004

Revenue
$614
Spent
$495K
Net assets
$6.0M
By yearFY2020–FY2025
Revenue
$614
FY2020
Revenue by fiscal year
FY2020$614
FY2021$0
FY2022$2K
FY2023$0
FY2024$0
FY2025$0
Expenses
$495K
FY2020
Expenses by fiscal year
FY2020$495K
FY2021$485K
FY2022$463K
FY2023$475K
FY2024$459K
FY2025$429K
Net assets
$6.0M
FY2020
Net assets by fiscal year
FY2020$6.0M
FY2021$5.7M
FY2022$5.5M
FY2023$5.2M
FY2024$4.9M
FY2025$0

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CWasie Properties INC
EINHdr · item D20-0715949
Exempt statusHdr · item I501(c)(3) · active
Year of formationHdr · item L2004
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CWayzata, MN
NTEE classificationIRS BMFNonprofit

Financial health

Is it on solid ground?

Surplus margin
-80595%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$6.0M
FY2020
Total assets by fiscal year
FY2020$6.0M
FY2021$5.8M
FY2022$5.5M
FY2023$5.3M
FY2024$5.0M
FY2025Not on file
Total liabilities
$48K
FY2020
Total liabilities by fiscal year
FY2020$48K
FY2021$42K
FY2022$33K
FY2023$64K
FY2024$103K
FY2025Not on file
Revenue less expensesPt I · Ln 19−$495K
Total assetsPt X · Ln 16$6.0M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$41K
Total assetsLn 16$6.0M
Total liabilitiesLn 26$48K
Total net assetsLn 32$6.0M
Months of cash on handcomputed1.0

Statement of Revenue

Part VIII
Other revenue100%$614
Total revenueLn 12$614

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.0M · Operating expenses/yr $495K
145.4 months
Where the money goes
Program services
Program services — · Total expenses $495K
—
Management & General
Management & general — · Total expenses $495K
—
Fundraising
Fundraising — · Total expenses $495K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $614
0%
Government reliance
Government grants — · Total revenue $614
—
Earned-income share
Program service revenue $0 · Total revenue $614
0%
Investment reliance
Investment income $0 · Total revenue $614
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $495K
0%
Growth & trend
Revenue growth (YoY)
This year $614 · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $6.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $614 · Expenses $495K
-80595%
Liabilities-to-Assets
Total liabilities — · Total assets $6.0M
—
Net-asset ratio
Net assets $6.0M · Total assets $6.0M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $6.0M · Total assets (Pt X, ln 16) $6.0M
99%
People & payroll
Highest Reported Total Compensation
Individual Gregg D Sjoquist · Reported title PRESIDENT/DIRECTOR · Highest reported compensation $87K · Total expenses $495K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $191K · Total expenses $495K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Accounting fee ratio 5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Director
$87,326Pt VII · Sec A
Asst Treas/Asst Sec
$54,358Pt VII · Sec A
Vice Pres/Treas./Director
$3,849Pt VII · Sec A
Secretary/Director
$3,849Pt 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.

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Owns parent company's real estate investments.

Provided by the organization

This section is blank until Wasie Properties INC claims this page.

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Funders

Who pays for it.

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $0$429K 990 PDF
FY2024 $0$459K 990 PDF
FY2023 $0$475K-100% 990 PDF
FY2022 $2K$463K 990 PDF
FY2021 $0$485K-100% 990 PDF
FY2020 Viewing $614$495K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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