Wacosa FY2021 filing

Tax-deductible

Waite Park, MN501(c)(3)Since 1963EIN 41-0871466Revenue $9.1M in FY2021

On file with the IRSwacosa.orgPo Box 757, 56387-0757 · Waite Park, MNTax-exempt since Oct 2015Publicly supported — 509(a)(2)

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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.
$198K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
$198K
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
5 mo
of spending, in cash
Looks good: 5.3 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
$1.6M
13% of total assets
Looks good: liabilities are 13% 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
$9.1M
+32% vs prior year
Spent
$7.1M
To programs
82%
Net assets
$10.5M
By yearFY2020–FY2024
Revenue
$9.1M
FY2021▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.9M
FY2021$9.1M
FY2022$8.6M
FY2023$9.5M
FY2024$11.1M
Expenses
$7.1M
FY2021-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.2M
FY2021$7.1M
FY2022$8.4M
FY2023$8.9M
FY2024$9.1M
Net assets
$10.5M
FY2021▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.6M
FY2021$10.5M
FY2022$10.6M
FY2023$11.4M
FY2024$13.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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% · $5.8M Management & general 17% · $1.2M Fundraising 1% · $71K

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; $198K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$122,039Pt VII · Sec A
Director of Finance
$76,203Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$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.

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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.

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Provided by the organization

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2 programs · $5.8M · in their own filed words · FY2021
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.

$4.4Mprogram 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.

$1.5Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Fees for servicesLn 2g$5.7M
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$45K
Money outPt IX
$7.1M
Ln 25
Programscol B$5.8M
Managementcol C$1.2M
Fundraisingcol D$71K
Owns and owesPt X
$10.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$12.1M
LiabilitiesLn 26$1.6M
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$2.8M
Noncash giftsLn 1g$16K
Fees for servicesLn 2g$5.7M
Investment incomeLn 3$29K
Other incomeLn 4–11$45K
Gains on assetsLn 7−$24K
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$874K
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$3.2M
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$4.7M
Total assetsLn 16$12.1M
LiabilitiesLn 26$1.6M
Net assetsLn 32$10.5M
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 FY21End FY21
Cash and savingsLn 1–2$2.3M$3.2M
InvestmentsLn 11–13$2.6M$2.7M
Land, buildings, equipmentLn 10c$5.0M$4.7M
Total assetsLn 16$10.5M$12.1M
LiabilitiesLn 26$1.9M$1.6M
Net assetsLn 32$8.6M$10.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$212K$40K$172K
Other salaries and wagesLn 7$4.3M$3.7M$524K$58K
Pension plan contributionsLn 8$67K$61K$6K$770
Other employee benefitsLn 9$791K$681K$101K$9K
Payroll taxesLn 10$321K$274K$44K$3K
Legal feesLn 11b$2K$2K$600
Accounting feesLn 11c$34K$34K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$170K$12K$157K
Advertising and promotionLn 12$21K$9K$12K$18
Office expensesLn 13$143K$74K$69K
OccupancyLn 16$237K$223K$13K
TravelLn 17$350K$349K$1K$66
Conferences, conventions and meetingsLn 19$335$335
InterestLn 20$40K$27K$13K
Depreciation, depletion and amortizationLn 22$376K$303K$74K
InsuranceLn 23$62K$61K$626
Other expenses (24a–d)Ln 24$21K$17K$4K
Total functional expensesLn 25$7.1M$5.8M$1.2M$71K

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 Viewing $9.1M$7.1M$2.0M$10.5M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $9,104,818 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,292,727$3,284,791
I-9 Program service revenuePrior year $3,494,810$5,745,935
I-10 Investment incomePrior year $52,537$28,765
I-11 Other revenuePrior year $32,900$45,327
I-12 Total revenuePrior year $6,872,974$9,104,818
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 $5,830,269$5,662,524
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,323,131$1,468,776
I-18 Total expensesPrior year $7,153,400$7,131,300
I-19 Revenue less expensesPrior year −$280,426$1,973,518
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,104,818 across 10 lines filed
VIII-1e Government grants$2,752,741
VIII-1f All other contributions, gifts and grants$532,050
VIII-1g Noncash contributions (included above)$15,860
VIII-1h Total contributions, gifts and grants$3,284,791
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,745,935$5,745,935
VIII-3 Investment incomeExcluded from tax $52,755$52,755
VIII-7 Net gain or loss on sales of assetsRelated to mission −$23,990−$23,990
VIII-8 Net income from fundraising eventsExcluded from tax $34,229$34,229
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,098$11,098
VIII-12 Total revenueRelated to mission $5,733,043 · Unrelated business $0 · Excluded from tax $86,984$9,104,818
Part IX · Statement of functional expenses $7,131,300 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $39,996 · Management $172,218$212,214
IX-7 Other salaries and wagesPrograms $3,690,120 · Management $523,882 · Fundraising $57,866$4,271,868
IX-8 Pension plan contributionsPrograms $60,501 · Management $5,833 · Fundraising $770$67,104
IX-9 Other employee benefitsPrograms $680,958 · Management $101,039 · Fundraising $8,544$790,541
IX-10 Payroll taxesPrograms $273,579 · Management $43,790 · Fundraising $3,428$320,797
IX-11b Legal feesPrograms $1,680 · Management $600$2,280
IX-11c Accounting feesManagement $34,423$34,423
IX-11f Investment management feesManagement $11,726$11,726
IX-11g Other fees for servicesPrograms $12,494 · Management $157,111$169,605
IX-12 Advertising and promotionPrograms $8,783 · Management $12,245 · Fundraising $18$21,046
IX-13 Office expensesPrograms $74,360 · Management $68,712$143,072
IX-16 OccupancyPrograms $223,418 · Management $13,410$236,828
IX-17 TravelPrograms $349,042 · Management $1,036 · Fundraising $66$350,144
IX-19 Conferences, conventions and meetingsManagement $335$335
IX-20 InterestPrograms $27,227 · Management $13,069$40,296
IX-22 Depreciation, depletion and amortizationPrograms $302,657 · Management $73,722$376,379
IX-23 InsurancePrograms $60,989 · Management $626$61,615
IX-24 Other expenses (24a–d)Programs $16,575 · Management $4,452$21,027
IX-25 Total functional expensesPrograms $5,822,379 · Management $1,238,229 · Fundraising $70,692$7,131,300
Part X · Balance sheet $12,140,309 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,483,469$874,247
X-2 Savings and temporary cash investmentsStart of year $798,515$2,300,669
X-4 Accounts receivableStart of year $384,093$1,436,882
X-8 Inventories for sale or useStart of year $103,750$121,493
X-9 Prepaid expenses and deferred chargesStart of year $52,191$55,901
X-10c Land, buildings and equipment, netStart of year $5,013,475$4,676,831
X-11 Publicly traded securitiesStart of year $2,619,379$2,674,286
X-16 Total assetsStart of year $10,454,872$12,140,309
X-17 Accounts payable and accrued expensesStart of year $811,320$639,819
X-26 Total liabilitiesStart of year $1,886,532$1,607,229
X-27 Net assets without donor restrictionsStart of year $7,879,907$9,429,060
X-28 Net assets with donor restrictionsStart of year $688,433$1,104,020
X-32 Total net assets or fund balancesStart of year $8,568,340$10,533,080
X-33 Total liabilities and net assetsStart of year $10,454,872$12,140,309
Part XI · Reconciliation of net assets $10,533,080 net assets at year end
XI-1 Total revenue$9,104,818
XI-2 Total expenses$7,131,300
XI-3 Revenue less expenses$1,973,518
XI-4 Net assets at start of year$8,568,340
XI-5 Net unrealized gains (losses) on investments−$8,778
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,533,080

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

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