Wasie Properties INC FY2021 filing

Wayzata, MNUnknown exempt organizationSince 2004EIN 20-0715949

On file with the IRSPo Box 558 · Wayzata, 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.

$134K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$134K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$42K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$485K
Net assets
$5.7M
By yearFY2020–FY2025
Revenue
$0
FY2021▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$614
FY2021$0
FY2022$2K
FY2023$0
FY2024$0
FY2025$0
Expenses
$485K
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$495K
FY2021$485K
FY2022$463K
FY2023$475K
FY2024$459K
FY2025$429K
Net assets
$5.7M
FY2021▼ -4%
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 FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

5 people listed on the 990; $134K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Director
$84,659Pt VII · Sec A
Asst Treas/Asst Sec
$42,371Pt VII · Sec A
Vice Pres/Treas./Director
$3,007Pt VII · Sec A
Secretary/Director
$3,007Pt VII · Sec A
$752Pt 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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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.

Provided by the organization

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$485K
Ln 25
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$5.8M
LiabilitiesLn 26$42K
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
InvestmentsLn 11–13$5.7M
Total assetsLn 16$5.8M
LiabilitiesLn 26$42K
Net assetsLn 32$5.7M
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 FY21End FY21
Cash and savingsLn 1–2$41K$49K
InvestmentsLn 11–13$6.0M$5.7M
Total assetsLn 16$6.0M$5.8M
LiabilitiesLn 26$48K$42K
Net assetsLn 32$6.0M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$134K
Pension plan contributionsLn 8$14K
Other employee benefitsLn 9$13K
Payroll taxesLn 10$10K
Accounting feesLn 11c$10K
Other fees for servicesLn 11g$290
Office expensesLn 13$10K
Depreciation, depletion and amortizationLn 22$245K
Other expenses (24a–d)Ln 24$49K
All other expensesLn 24e$565
Total functional expensesLn 25$485K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$429K−$429K$0 990 PDF
FY2024 $0$459K−$459K$4.9M 990 PDF
FY2023 $0$475K−$475K$5.2M 990 PDF
FY2022 $2K$463K−$461K$5.5M 990 PDF
FY2021 Viewing $0$485K−$485K$5.7M 990 PDF
FY2020 $614$495K−$495K$6.0M 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
See the full FY2021 990 (6 parts)
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 $614$0
I-12 Total revenuePrior year $614$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 $191,059$170,890
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $304,407$314,292
I-18 Total expensesPrior year $495,466$485,182
I-19 Revenue less expensesPrior year −$494,852−$485,182
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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 $485,182 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$133,796
IX-8 Pension plan contributions$13,893
IX-9 Other employee benefits$12,884
IX-10 Payroll taxes$10,317
IX-11c Accounting fees$10,245
IX-11g Other fees for services$290
IX-13 Office expenses$9,632
IX-22 Depreciation, depletion and amortization$245,031
IX-24 Other expenses (24a–d)$48,529
IX-24e All other expenses$565
IX-25 Total functional expenses$485,182
Part X · Balance sheet $5,766,550 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $41,148$49,454
X-12 Other securitiesStart of year $5,962,127$5,717,096
X-16 Total assetsStart of year $6,003,275$5,766,550
X-17 Accounts payable and accrued expensesStart of year $48,292$41,749
X-26 Total liabilitiesStart of year $48,292$41,749
X-27 Net assets without donor restrictionsStart of year $5,954,983$5,724,801
X-32 Total net assets or fund balancesStart of year $5,954,983$5,724,801
X-33 Total liabilities and net assetsStart of year $6,003,275$5,766,550
Part XI · Reconciliation of net assets $5,724,801 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$485,182
XI-3 Revenue less expenses−$485,182
XI-4 Net assets at start of year$5,954,983
XI-9 Other changes in net assets$255,000
XI-10 Net assets at end of year$5,724,801

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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