Nonprofit · EIN 41-6038547
OWATONNA FOUNDATION INC
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $916,828 | $559,000 | $357,828 | $11,232,066 | $258,276 | $10,973,790 |
| December 31, 2023 | 990 | $761,379 | $478,642 | $282,737 | $10,116,921 | $75,239 | $10,041,682 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $395,756
- Program service revenue
- $0
- Investment income
- $521,072
- Net gain from sales of assets
- $283,119
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $393,058
- Compensation of officers, directors and key employees
- $68,600
- Salaries, compensation and benefits (total)
- $73,847
- Professional fundraising fees
- $0
- Occupancy
- $5,400
- Program services (functional)
- $439,538
- Management and general (functional)
- $87,332
- Fundraising (functional)
- $32,130
Balance sheet and other
- Total assets, start of year
- $10,116,921
- Total assets, end of year
- $11,232,066
- Total liabilities, end of year
- $258,276
- Net assets, end of year
- $10,973,790
- Publicly traded securities
- $10,726,306
- Net assets without donor restrictions
- $9,430,109
- Net assets with donor restrictions
- $1,543,681
- Gross receipts
- $2,466,722
- Employees
- 1
- Volunteers
- 20
- Year formed
- 1957
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA MCKAY | EXECUTIVE SE Trustee or director | 40 | $68,600 |
| BRIAN BUNKERS | TRUSTEE Trustee or director | 1 | $0 |
| KIM COSENS | TRUSTEE Trustee or director | 1 | $0 |
| DAVID EINHAUS | TRUSTEE Trustee or director | 1 | $0 |
| DEB GILLARD | TRUSTEE Trustee or director | 1 | $0 |
| TODD HALE | TRUSTEE Trustee or director | 1 | $0 |
| BOB HEERS | TRUSTEE Trustee or director | 1 | $0 |
| LISA HYLAND | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL JENSEN | TRUSTEE Trustee or director | 1 | $0 |
| WES KAIN | TRUSTEE Trustee or director | 1 | $0 |
| NANCY KELLER | TRUSTEE Trustee or director | 1 | $0 |
| CHADWICK LANGE | TRUSTEE Trustee or director | 1 | $0 |
| CATHY MARTIN | TRUSTEE Trustee or director | 1 | $0 |
| CHERYL MEGER | TRUSTEE Trustee or director | 1 | $0 |
| JOSH MEILLIER | TRUSTEE Trustee or director | 1 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL NELSON | TRUSTEE Trustee or director | 1 | $0 |
| DENNIS VON RUDEN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID SEYKORA | TRUSTEE Trustee or director | 1 | $0 |
| JIM THON | TRUSTEE Trustee or director | 1 | $0 |
| TODD TROUT | TRUSTEE Trustee or director | 1 | $0 |
| DEAN VELZKE | TRUSTEE Trustee or director | 1 | $0 |
| BRANDON WAYNE | TRUSTEE Trustee or director | 1 | $0 |
| BOB WOTTRENG | TRUSTEE Trustee or director | 1 | $0 |
| GREGG DRAEGER | VICE PRESIDE Officer | 1 | $0 |
| THOMAS DUFRESNE | PAST PRESIDE Officer | 1 | $0 |
| ANDY MICHALETZ | SECRETARY-TR Officer | 1 | $0 |
| DAVE RAMSEY | PRESIDENT Officer | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA MCKAY | EXECUTIVE SE Trustee or director | 40 | $55,180 |
| ANGELA GONZALES | EXECUTIVE SE Trustee or director | 40 | $22,100 |
| BRIAN BUNKERS | TRUSTEE Trustee or director | 1 | $0 |
| KIM COSENS | TRUSTEE Trustee or director | 1 | $0 |
| GREGG DRAEGER | TRUSTEE Trustee or director | 1 | $0 |
| DAVID EINHAUS | TRUSTEE Trustee or director | 1 | $0 |
| DEB GILLARD | TRUSTEE Trustee or director | 1 | $0 |
| TODD HALE | TRUSTEE Trustee or director | 1 | $0 |
| BOB HEERS | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL JENSEN | TRUSTEE Trustee or director | 1 | $0 |
| NANCY KELLER | TRUSTEE Trustee or director | 1 | $0 |
| CHADWICK LANGE | TRUSTEE Trustee or director | 1 | $0 |
| CHERYL MEGER | TRUSTEE Trustee or director | 1 | $0 |
| JOSH MEILLIER | TRUSTEE Trustee or director | 1 | $0 |
| CAROL NELSON | TRUSTEE Trustee or director | 1 | $0 |
| PENG OLSON | TRUSTEE Trustee or director | 1 | $0 |
| DENNIS VON RUDEN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID SEYKORA | TRUSTEE Trustee or director | 1 | $0 |
| TODD TROUT | TRUSTEE Trustee or director | 1 | $0 |
| DEAN VELZKE | TRUSTEE Trustee or director | 1 | $0 |
| BRANDON WAYNE | TRUSTEE Trustee or director | 1 | $0 |
| BOB WOTTRENG | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS DUFRESNE | PRESIDENT Officer | 1 | $0 |
| ANDY MICHALETZ | SECRETARY-TR Officer | 1 | $0 |
| DAVE RAMSEY | VICE-PRESIDE Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 108 W PARK SQUARE, OWATONNA, MN 55060-2972
- In care of
- %
- Principal officer (990 for 2024)
- DAVE RAMSEY, 108 W PARK SQUARE, OWATONNA, MN 55060
- Signed the 990
- ANDY MICHALETZ, SECRETARY-TREASURER
- Phone
- (507) 455-2995
- Website
- WWW.OWATONNAFOUNDATION.ORG
- Return prepared by
- STRUSS CPAS PC
Mission
TO PROVIDE MONEY GRANTS TO NON-PROFIT AGENCIES LOCATED IN STEELE COUNTY TO ACQUIRE PROPERTY & EQUIPMENT AND TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS.
Program accomplishments
- TO PROVIDE MONEY GRANTS TO OTHER 501(C)(3) AGENCIES TO PURCHASE EQUIPMENT, MAKE IMPROVEMENTS, ETC. FOR THE COMMUNITY BETTERMENT, EDUCATIONAL, HEALTH, LITERARY, RECREATIONAL, SCIENTIFIC, MUSICAL, OR CULTURAL BENEFIT OF THE RESIDENTS OF THE STEELE COUNTY AREA.Expenses $411,538 · grants $365,058
- TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL GRADUATES AND OTHERS FOR CONTINUING SECONDARY EDUCATION.Expenses $28,000 · grants $28,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6038547
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $12,606,214
- Income (IRS master file)
- $2,935,161
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $916,828 | $559,000 | $11,232,066 | XML |
| 990 | December 2023 | $761,379 | $478,642 | $10,116,921 | XML |
| 990 | December 2022 | $562,340 | $311,423 | $8,946,592 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6038547).
Questions about OWATONNA FOUNDATION INC
- What is the EIN of OWATONNA FOUNDATION INC?
- The employer identification number (EIN) of OWATONNA FOUNDATION INC is 41-6038547.
- Is OWATONNA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to OWATONNA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OWATONNA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OWATONNA FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OWATONNA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OWATONNA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DAVE RAMSEY.
- Who are the officers and directors of OWATONNA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 1 received compensation from the organization, the highest $68,600 (SARA MCKAY, EXECUTIVE SE).
- How much revenue does OWATONNA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $916,828, expenses of $559,000 and total assets of $11,232,066 at year end.
Other nonprofits in OWATONNA
- STEELE COUNTY AGRICULTURAL SOCIETY EIN 41-6038084 · last filed 990 for 2025
- GREAT LAKES ACADEMY EIN 33-4483075 · last filed 990-EZ for 2025
- OWATONNA PUBLIC LIBRARY FOUNDATION EIN 54-2069039 · last filed 990 for 2025
- HUSKIES BLUE LINE CLUB INC EIN 06-1653175 · last filed 990-EZ for 2025
- ASSOCIATED PRESCHOOL EIN 41-1688098 · last filed 990-EZ for 2025
- BEACONS OF INFLUENCE INC EIN 83-1758424 · last filed 990-N for 2025
- WILSON ELEMENTARY SCHOOL PARENT TEACHER ORGANIZATION EIN 46-3403282 · last filed 990-EZ for 2025
- LEE FOUNDATION EIN 47-2513505 · last filed 990-PF for 2025