Overview
What is Wasie Properties Inc?
Wasie Properties Inc serves as a title-holding corporation, specifically a 501(c)(2) entity. Its primary role is to maintain the ownership of real estate investments belonging to its parent organization, the Wasie Foundation. By holding the title to these properties, Wasie Properties allows its parent corporation to benefit from any income generated from these investments. This structure ensures efficient management and utilization of real estate assets within the Wasie Foundation's operations.
Is Wasie Properties Inc legitimate?
Wasie Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Wasie Properties Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $135,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Wasie Properties Inc?
Wasie Properties Inc., serving as a 501(c)(2) title holding corporation, is primarily tasked with holding the title to its parent company's real estate investments. The main goal of this corporation is to generate net income from these properties and subsequently remit this income to its parent entity, the Wasie Foundation. Essentially, Wasie Properties Inc. acts as a custodian for its parent corporation's real estate holdings.
Who is the CEO of Wasie Properties Inc?
Gregg D Sjoquist is the President/Director of Wasie Properties Inc.
What is the revenue of Wasie Properties Inc?
Wasie Properties Inc's revenue in 2022 was $1,926.
Who are the executives of Wasie Properties Inc and what are their salaries?
The average compensation at Wasie Properties Inc during 2022 was $27,108. There are 5 employees at Wasie Properties Inc.
Here are 5 key members and their salaries:
- Compensation: $77,386
- Related: $232,119
- Other: $79,597
- Compensation: $3,012
- Related: $8,988
- Other: $921
- Compensation: $3,012
- Related: $8,988
- Other: $925
- Compensation: $3,012
- Related: $8,988
- Other: $928
- Compensation: $49,119
- Related: $147,316
- Other: $56,724
Where can I find the form 990 for Wasie Properties Inc?
Wasie Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wasie Properties Inc
Wasie Properties Inc, serving as a 501(c)(2) title holding corporation, is dedicated to its primary mission. This mission involves holding the title to the parent corporation's real estate investments. By fulfilling this role, Wasie Properties Inc allows its parent, the Wasie Foundation, to leverage these properties for potential income. The corporation's purpose is to act as a reliable intermediary, safeguarding the real estate holdings and ensuring that any resulting profits are transferred to its parent entity.
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Impact
October, 2024
Wasie Properties Inc plays a vital role in managing real estate investments on behalf of its parent organization, the Wasie Foundation. By holding title to various properties, Wasie Properties enables streamlined oversight and efficient management of these assets. The net income generated from these properties is remitted back to the Wasie Foundation, allowing for enhanced financial support for its community improvement initiatives. This structure not only ensures that real estate assets are effectively utilized but also contributes significantly to the foundation's overall mission of uplifting and enhancing the community in Wayzata, MN, and beyond. Through its dedicated operations, Wasie Properties Inc's impact resonates in the form of tangible resources that support vital community programs and improvements.
This information is meant to be a general summary of Wasie Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,926
Assets and Liabilities:
- Total Assets: $5,532,230
- Total Liabilities: $33,146
- Net Assets: $5,499,084
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Organization Details
Founding Year
2004
Phone
(612) 961-7293Principal Officer
Gregg D Sjoquist
Main Address
PO BOX 558, WAYZATA, MN, 55391
NTEE Category
Code: S47 - Community improvement
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