Wacosa FY2020 filing

Tax-deductible

Waite Park, MN501(c)(3)Since 1963EIN 41-0871466

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To provide individuals with disabilities the opportunity to work and live in their community.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$186K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $934K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$186K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $30K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.9M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
Spent
$7.2M
To programs
82%
Net assets
$8.6M
By yearFY2020–FY2024
Revenue
$6.9M
FY2020
Revenue by fiscal year
FY2020$6.9M
FY2021$9.1M
FY2022$8.6M
FY2023$9.5M
FY2024$11.1M
Expenses
$7.2M
FY2020
Expenses by fiscal year
FY2020$7.2M
FY2021$7.1M
FY2022$8.4M
FY2023$8.9M
FY2024$9.1M
Net assets
$8.6M
FY2020
Net assets by fiscal year
FY2020$8.6M
FY2021$10.5M
FY2022$10.6M
FY2023$11.4M
FY2024$13.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2015.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $5.9M Management & general 17% · $1.2M Fundraising 1% · $73K

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

17 people listed on the 990; $186K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$116,353Pt VII · Sec A
Director of Finance
$69,642Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nancy Betts$131,561$127,860$110,797——
Steve Howard——$106,105$122,039$116,353
Traci McKinnon$93,914$91,359$86,455$76,203$69,642

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 Wacosa executive salaries →

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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

Helps people with disabilities find jobs and live in their communities.

Provided by the organization

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2 programs · $5.9M · in their own filed words · FY2020
01

Program serviceswacosa's program services consist of wacosa's south program, north program, seniors program, sauk centre DT & h program, 1ST avenue and sauk centre ee program. Wacosa was estblished as a grassroots organization in 1963 by parents looking to provide services to their children with disabilities.

$4.7Mprogram expense
02

Vocational serviceswacosa's vocational services consist of wacosa's community crews, production crews, thriftworks! And docushred. Wacosa serves people with a variety of mental, physical and cognitive abilities. Some of wacosa's clients live independently, some with families, and others in group home settings.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Fees for servicesLn 2g$3.5M
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$53K
Money outPt IX
$7.2M
Ln 25
Programscol B$5.9M
Managementcol C$1.2M
Fundraisingcol D$73K
Owns and owesPt X
$8.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$10.5M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$86K
Noncash giftsLn 1g$7K
Fees for servicesLn 2g$3.5M
Investment incomeLn 3$53K
Other incomeLn 4–11$33K
Gains on assetsLn 7−$11K
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$799K
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$5.0M
Total assetsLn 16$10.5M
LiabilitiesLn 26$1.9M
Net assetsLn 32$8.6M
OperationsPt I, VI
EmployeesI 5499
VolunteersI 639
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.5M$2.3M
InvestmentsLn 11–13$2.6M$2.6M
Land, buildings, equipmentLn 10c$5.3M$5.0M
Total assetsLn 16$10.8M$10.5M
LiabilitiesLn 26$1.9M$1.9M
Net assetsLn 32$8.8M$8.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$200K$38K$162K
Other salaries and wagesLn 7$4.2M$3.6M$507K$58K
Pension plan contributionsLn 8$68K$61K$6K$782
Other employee benefitsLn 9$948K$813K$124K$10K
Payroll taxesLn 10$428K$364K$59K$5K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$40K$40K
Investment management feesLn 11f$11K$11K
Other fees for servicesLn 11g$87K$2K$85K
Advertising and promotionLn 12$27K$14K$14K$1
Office expensesLn 13$173K$118K$55K
OccupancyLn 16$210K$198K$12K
TravelLn 17$210K$209K$639
Conferences, conventions and meetingsLn 19$360$360
InterestLn 20$45K$31K$14K
Depreciation, depletion and amortizationLn 22$411K$309K$103K
InsuranceLn 23$62K$61K$647
Other expenses (24a–d)Ln 24$42K$23K$19K
Total functional expensesLn 25$7.2M$5.9M$1.2M$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.1M$9.1M$2.1M$13.5M 990 PDF
FY2023 $9.5M$8.9M$652K$11.4M 990 PDF
FY2022 $8.6M$8.4M$259K$10.6M 990 PDF
FY2021 $9.1M$7.1M$2.0M$10.5M 990 PDF
FY2020 Viewing $6.9M$7.2M−$280K$8.6M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $6,872,974 across 10 lines filed
VIII-1e Government grants$85,592
VIII-1f All other contributions, gifts and grants$3,207,135
VIII-1g Noncash contributions (included above)$7,353
VIII-1h Total contributions, gifts and grants$3,292,727
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,494,810$3,494,810
VIII-3 Investment incomeExcluded from tax $63,497$63,497
VIII-7 Net gain or loss on sales of assetsRelated to mission −$10,960−$10,960
VIII-8 Net income from fundraising eventsExcluded from tax $28,176$28,176
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,724$4,724
VIII-12 Total revenueRelated to mission $3,488,574 · Unrelated business $0 · Excluded from tax $91,673$6,872,974
Part IX · Statement of functional expenses $7,153,400 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,930 · Management $162,382$200,312
IX-7 Other salaries and wagesPrograms $3,621,912 · Management $507,028 · Fundraising $57,630$4,186,570
IX-8 Pension plan contributionsPrograms $60,731 · Management $6,284 · Fundraising $782$67,797
IX-9 Other employee benefitsPrograms $813,380 · Management $123,874 · Fundraising $10,333$947,587
IX-10 Payroll taxesPrograms $364,112 · Management $59,271 · Fundraising $4,620$428,003
IX-11b Legal feesManagement $3,228$3,228
IX-11c Accounting feesManagement $39,792$39,792
IX-11f Investment management feesManagement $11,430$11,430
IX-11g Other fees for servicesPrograms $1,640 · Management $85,159$86,799
IX-12 Advertising and promotionPrograms $13,518 · Management $13,740 · Fundraising $1$27,259
IX-13 Office expensesPrograms $117,833 · Management $55,219$173,052
IX-16 OccupancyPrograms $198,403 · Management $11,869$210,272
IX-17 TravelPrograms $209,308 · Management $639$209,947
IX-19 Conferences, conventions and meetingsManagement $360$360
IX-20 InterestPrograms $31,228 · Management $14,216$45,444
IX-22 Depreciation, depletion and amortizationPrograms $308,863 · Management $102,564$411,427
IX-23 InsurancePrograms $61,370 · Management $647$62,017
IX-24 Other expenses (24a–d)Programs $22,884 · Management $19,220$42,104
IX-25 Total functional expensesPrograms $5,863,112 · Management $1,216,922 · Fundraising $73,366$7,153,400
Part X · Balance sheet $10,454,872 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $634,547$1,483,469
X-2 Savings and temporary cash investmentsStart of year $826,303$798,515
X-4 Accounts receivableStart of year $1,290,867$384,093
X-8 Inventories for sale or useStart of year $101,697$103,750
X-9 Prepaid expenses and deferred chargesStart of year $70,453$52,191
X-10c Land, buildings and equipment, netStart of year $5,286,369$5,013,475
X-11 Publicly traded securitiesStart of year $2,569,358$2,619,379
X-16 Total assetsStart of year $10,779,594$10,454,872
X-17 Accounts payable and accrued expensesStart of year $763,124$811,320
X-26 Total liabilitiesStart of year $1,941,769$1,886,532
X-27 Net assets without donor restrictionsStart of year $8,433,342$7,879,907
X-28 Net assets with donor restrictionsStart of year $404,483$688,433
X-32 Total net assets or fund balancesStart of year $8,837,825$8,568,340
X-33 Total liabilities and net assetsStart of year $10,779,594$10,454,872
Part XI · Reconciliation of net assets $8,568,340 net assets at year end
XI-1 Total revenue$6,872,974
XI-2 Total expenses$7,153,400
XI-3 Revenue less expenses−$280,426
XI-4 Net assets at start of year$8,837,825
XI-5 Net unrealized gains (losses) on investments$10,941
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,568,340

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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