Overview
What is Waseca Sleigh & Cutter Festival Inc?
Waseca Sleigh & Cutter Festival Inc is a nonprofit organization based in Waseca, Minnesota, with a small team of two employees. Their primary mission is to foster civic engagement and promote participation in winter activities and sports within the community by organizing an annual festival. The festival features various events such as hockey, ice fishing, ice harvesting, sports competitions, and contests, attracting over 10,000 attendees annually. As part of their mission, the organization provides scholarships to local schools and the Miss Waseca Sleigh & Cutter pageant and supports local organizations like 4-H and the Waseca County Fair with financial aid.
Official website here: www.sleighandcutter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Waseca Sleigh & Cutter Festival Inc has achieved a 76% rating from Charity Navigator, indicating a decent level of accountability and finance management. The charity's score is primarily derived from its performance in these areas, showcasing a strong commitment to transparency and effective financial practices. Notably, the organization boasts a fully independent board, which is a positive indicator of governance.
Strengths highlighted in the rating include a very high program expense ratio of 98.54%, signifying that a significant portion of its funds are directed towards mission-related activities. The charity has no material diversions of assets, which reinforces its financial integrity. However, there are areas for improvement, particularly in policy development, as the organization lacks a conflict of interest policy, whistleblower policy, and document retention and destruction policy.
While the organization performs well in financial management and governance, the absence of critical policies may pose a risk to operational effectiveness and ethical standards. Overall, Waseca Sleigh & Cutter Festival Inc demonstrates strong financial accountability but should focus on enhancing its policy framework to ensure comprehensive governance.
This AI summary has been generated from information found on Charity Navigator.
Is Waseca Sleigh & Cutter Festival Inc legitimate?
Waseca Sleigh & Cutter Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waseca Sleigh & Cutter Festival 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sleighandcutter.org
What is the mission statement of Waseca Sleigh & Cutter Festival Inc?
The mission of Waseca Sleigh & Cutter Festival Inc is centered around sponsoring and organizing the Waseca Sleigh & Cutter Festival. This event aims to stimulate civic engagement and participation in outdoor activities and winter sports within the community. The organization undertakes various necessary actions to achieve this goal. Furthermore, it provides scholarships to local schools and the Miss Waseca Sleigh & Cutter festival. Additionally, the association aims to support local organizations such as 4-H and the Waseca County Fair by providing funding.
Official website here: www.sleighandcutter.org
Who is the CEO of Waseca Sleigh & Cutter Festival Inc?
Ken Borgmann is the President of Waseca Sleigh & Cutter Festival Inc.
Official website here: www.sleighandcutter.org
What is the revenue of Waseca Sleigh & Cutter Festival Inc?
Waseca Sleigh & Cutter Festival Inc's revenue in 2023 was $63,502.
Official website here: www.sleighandcutter.org
Who are the executives of Waseca Sleigh & Cutter Festival Inc and what are their salaries?
There are 2 employees and 100 volunteers at Waseca Sleigh & Cutter Festival Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.sleighandcutter.org
Where can I find the form 990 for Waseca Sleigh & Cutter Festival Inc?
Waseca Sleigh & Cutter Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sleighandcutter.org
Learn more at the official website: www.sleighandcutter.org
Mission Statement of Waseca Sleigh & Cutter Festival Inc
Waseca Sleigh & Cutter Festival Inc is dedicated to promoting civic engagement and participation in outdoor activities and winter sports within the community. The organization achieves this mission by organizing and sponsoring the annual Waseca Sleigh & Cutter Festival. This event aims to stimulate interest in the various outdoor pursuits and winter sports available in the community. In addition to this, Waseca Sleigh & Cutter Festival Inc also provides scholarships to local schools and the Miss Waseca Sleigh & Cutter contestants. Another significant aspect of their mission is providing financial support to local organizations such as the 4-H and the Waseca County Fair. This philanthropic endeavor allows these organizations to continue their work and contribute positively to the community. Overall, Waseca Sleigh & Cutter Festival Inc plays a crucial role in fostering a sense of community and supporting local initiatives.
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Impact
August, 2024
The Waseca Sleigh & Cutter Festival Inc's impact is deeply rooted in the community of Waseca, Minnesota. By sponsoring and conducting the annual festival, the organization successfully stimulates civic interests and participation in outdoor activities and winter sports. This not only fosters a sense of community pride but also provides an avenue for the local residents to engage in various winter festival events.
Moreover, the association's provision of scholarships to area schools and Miss Waseca Sleigh & Cutter contributes to the educational and personal development of the youth in the community. Additionally, their commitment to funding local organizations like the 4-H and Waseca County Fair further strengthens the fabric of the community by supporting other important initiatives.
Overall, the Waseca Sleigh & Cutter Festival Inc plays a crucial role in enhancing the quality of life in Waseca through its activities, events, and support for community organizations.
This information is meant to be a general summary of Waseca Sleigh & Cutter Festival 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 2023.
- Investment Income: $6,362
- Program Service Revenue: $7,935
- Gross Receipts: $3,557,646
Assets and Liabilities:
- Total Assets: $215,842
- Total Liabilities: $1,696
- Net Assets: $214,146
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FESTIVAL INCOME
Revenue
$7,935
Organization Details
Founding Year
1955
Phone
(507) 461-3727Principal Officer
Ken Borgmann
Main Address
5603 NW 102ND AVE, WASECA, MN, 56093
Website
www.sleighandcutter.orgNTEE Category
Code: A990 - Arts
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