Wasie Properties INC FY2024 filing

Wayzata, MNUnknown exempt organizationSince 2004EIN 20-0715949

This page gets seen. Tell your story. Claim this org.

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.

$139K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
$139K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$103K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$459K
Net assets
$4.9M
By yearFY2020–FY2025
Revenue
$0
FY2024
Revenue by fiscal year
FY2020$614
FY2021$0
FY2022$2K
FY2023$0
FY2024$0
FY2025$0
Expenses
$459K
FY2024▼ -3%
Expenses by fiscal year
FY2020$495K
FY2021$485K
FY2022$463K
FY2023$475K
FY2024$459K
FY2025$429K
Net assets
$4.9M
FY2024▼ -6%
Net assets by fiscal year
FY2020$6.0M
FY2021$5.7M
FY2022$5.5M
FY2023$5.2M
FY2024$4.9M
FY2025$0

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 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

3 people listed on the 990; $139K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$82,364Pt VII · Sec A
Exec Dir/Vice Pres/Treas
$56,170Pt VII · Sec A
$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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

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

Know this organization? Claim it to add your story

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$459K
Ln 25
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$5.0M
LiabilitiesLn 26$103K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$5.0M
Total assetsLn 16$5.0M
LiabilitiesLn 26$103K
Net assetsLn 32$4.9M
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 FY24End FY24
Cash and savingsLn 1–2$41K$26K
InvestmentsLn 11–13$5.2M$5.0M
Total assetsLn 16$5.3M$5.0M
LiabilitiesLn 26$64K$103K
Net assetsLn 32$5.2M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$139K
Pension plan contributionsLn 8$23K
Other employee benefitsLn 9$15K
Payroll taxesLn 10$11K
Legal feesLn 11b$5K
Accounting feesLn 11c$8K
Other fees for servicesLn 11g$285
Office expensesLn 13$2K
RoyaltiesLn 15$9K
Depreciation, depletion and amortizationLn 22$245K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$459K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$429K−$429K$0 990 PDF
FY2024 Viewing $0$459K−$459K$4.9M 990 PDF
FY2023 $0$475K−$475K$5.2M 990 PDF
FY2022 $2K$463K−$461K$5.5M 990 PDF
FY2021 $0$485K−$485K$5.7M 990 PDF
FY2020 $614$495K−$495K$6.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (4 parts)
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 $459,358 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$138,534
IX-8 Pension plan contributions$22,685
IX-9 Other employee benefits$14,793
IX-10 Payroll taxes$10,689
IX-11b Legal fees$4,661
IX-11c Accounting fees$7,500
IX-11g Other fees for services$285
IX-13 Office expenses$2,377
IX-15 Royalties$8,520
IX-22 Depreciation, depletion and amortization$245,031
IX-23 Insurance$1,238
IX-24 Other expenses (24a–d)$3,045
IX-25 Total functional expenses$459,358
Part X · Balance sheet $5,008,141 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $41,017$26,140
X-12 Other securitiesStart of year $5,227,033$4,982,001
X-16 Total assetsStart of year $5,268,050$5,008,141
X-17 Accounts payable and accrued expensesStart of year $63,874$103,323
X-26 Total liabilitiesStart of year $63,874$103,323
X-27 Net assets without donor restrictionsStart of year $5,204,176$4,904,818
X-32 Total net assets or fund balancesStart of year $5,204,176$4,904,818
X-33 Total liabilities and net assetsStart of year $5,268,050$5,008,141
Part XI · Reconciliation of net assets $4,904,818 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$459,358
XI-3 Revenue less expenses−$459,358
XI-4 Net assets at start of year$5,204,176
XI-9 Other changes in net assets$160,000
XI-10 Net assets at end of year$4,904,818

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.