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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Owatonna Foundation Inc.

Owatonna Foundation Inc.

Fiscal year ending 2024. Filed on August 22, 2025.

108 W Park Square
Owatonna, Minnesota 55060

Owatonna Foundation Inc. (EIN: 41-6038547) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Owatonna Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $68,600. The highest compensated employee at Owatonna Foundation Inc. is Sara McKay with fiscal year 2024 compensation of $68,600.

Revenue, expenses, and employee compensation

Revenue

$916,828

Expenses

$559,000

Employee compensation

$73,847
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Sara McKay
Executive Secretary
$68,600
$68,600 No related compNo other comp
Gregg Draeger
Vice President
$0
Andy Michaletz
Secretary and Treasurer
$0
Thomas Dufresne
Former President
$0
Dave Ramsey
President
$0

Benchmark Employee Compensation

Non-Employee Board Members

Bob Heers
Trustee
Bob Wottreng
Trustee
Brandon Wayne
Trustee
Brian Bunkers
Trustee
Carol Nelson
Trustee
Cathy Martin
Trustee
Chadwick Lange
Trustee
Cheryl Meger
Trustee
David Einhaus
Trustee
David Seykora
Trustee
Dean Velzke
Trustee
Deb Gillard
Trustee

Mission Statement

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.

Revisions to this organization profile

August 22, 2025:
2024 Owatonna Foundation Inc. 990 filed
July 2, 2024:
2023 Owatonna Foundation Inc. 990 filed
November 10, 2023:
2022 Owatonna Foundation Inc. 990 filed

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