Public Charity

OWATONNA FOUNDATION INC

OWATONNA FOUNDATION INC, of OWATONNA, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $917K in revenue, $559K in expenses, $11.2M in total assets. 15 publicly reported grants to this organization, totaling roughly $149K, appear in IRS filings.

EIN: 416038547 OWATONNA, MN Latest filing: 2024
Total Revenue$917K
Total Expenses$559K
Total Assets$11.2M
Grant Records15
Funding Total$149K
Filing Years2020–2024

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.

Officers & Directors

SECRETARY-TR Andy Michaletz
TRUSTEE Bob Heers
TRUSTEE Bob Wottreng
TRUSTEE Brandon Wayne
TRUSTEE Brian Bunkers
TRUSTEE Carol Nelson

Officer compensation and complete director data available with membership.

Top Grant Purposes

EDUCATION
$46,475 5 grants
For grant recipient's exempt purposes
$44,225 5 grants
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
$25,500 1 grant
SUPPORT CHARITABLE PROGRAMS
$25,000 1 grant
PROGRAMS
$7,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $917K $559K $11.2M
2023 $761K $479K $10.1M
2022 $562K $311K $8.9M
2021 $1.6M $501K $10.2M
2020 $1.5M $575K $8.5M

Between 2020 and 2024, reported annual revenue declined from $1.5M to $917K (-40%), with total assets most recently reported at $11.2M.

Interactive year-over-year charts and full filing details available with membership.

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