Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $260K paid to officers and key staff.
Anna Wasescha’s $201K as President is at the 33rd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Anna Wasescha | $200,547 | $202,989 | $184,856 | $163,475 | $162,893 |
| Rebecca Peterson | $115,214 | $111,454 | — | — | — |
| Gregory Wagner | $103,440 | — | — | — | — |
| Sandra King | — | — | — | — | $96,881 |
| Trevor Gervais | $84,860 | — | — | — | — |
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
Empowers west-central Minnesota communities by providing funding, economic planning, business loans, and technical assistance to foster sustainable regional development.
Questions for West Central Initiative
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Workers and their familiesassisting workers in attaining skills that enable them to earn a livable wage, helping workers and their families overcome barriers to economic success.
Communities and the region assisting communities and the greater region in developing the capacities necessary to address priority needs and sustain their economic and social viability.
Business and employment assisting families and helping them fulfill their aspirations by fostering and supporting the creation and retention of quality jobs and self-employment opportunities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $2.0M |
| InvestmentsLn 11–13 | $66.1M | $79.2M |
| Land, buildings, equipmentLn 10c | $1.3M | $1.2M |
| Total assetsLn 16 | $74.5M | $88.1M |
| LiabilitiesLn 26 | $2.3M | $1.9M |
| Net assetsLn 32 | $72.2M | $86.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5.8M | $5.8M | ||
| Grants to domestic individualsLn 2 | $153K | $153K | ||
| Pay of current officers, directors and key staffLn 5 | $266K | $133K | $133K | |
| Other salaries and wagesLn 7 | $961K | $444K | $349K | $169K |
| Other employee benefitsLn 9 | $426K | $232K | $194K | |
| Payroll taxesLn 10 | $95K | $48K | $47K | |
| Legal feesLn 11b | $5K | $3K | $2K | |
| Accounting feesLn 11c | $29K | $17K | $13K | |
| Investment management feesLn 11f | $128K | $128K | ||
| Other fees for servicesLn 11g | $264K | $218K | $46K | |
| Advertising and promotionLn 12 | $126K | $45K | $81K | |
| Office expensesLn 13 | $45K | $29K | $17K | |
| OccupancyLn 16 | $12K | $7K | $5K | |
| TravelLn 17 | $9K | $7K | $2K | |
| Conferences, conventions and meetingsLn 19 | $27K | $21K | $5K | |
| InterestLn 20 | $7K | $3K | $4K | |
| Depreciation, depletion and amortizationLn 22 | $65K | $20K | $45K | |
| InsuranceLn 23 | $24K | $10K | $13K | |
| Other expenses (24a–d)Ln 24 | $489K | $341K | $81K | $67K |
| All other expensesLn 24e | −$121K | −$127K | $6K | |
| Total functional expensesLn 25 | $8.8M | $7.5M | $1.0M | $236K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $16.0M | $11.8M | $4.2M | $94.2M | 990 PDF |
| FY2024 | $9.8M | $12.1M | −$2.3M | $86.9M | 990 PDF |
| FY2023 | $9.2M | $7.3M | $1.9M | $85.4M | 990 PDF |
| FY2022 | $10.2M | $8.5M | $1.6M | $79.1M | 990 PDF |
| FY2021 Viewing | $16.5M | $8.8M | $7.7M | $86.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $16,496,170 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $16,496,170 across 7 lines filed
Part IX · Statement of functional expenses $8,812,042 across 20 lines filed
Part X · Balance sheet $88,146,550 assets, 19 lines filed
Part XI · Reconciliation of net assets $86,268,752 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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