Waseca Basketball Association Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To promote and advance the Waseca Bluejay boys and girls basketball programs. This will be accomplished by taking committed players and providing them with the highest level of competition in order to develop each athlete to his or her fullest potential.
- Income
- $75,860
- Spending
- $56,152
- Reserves
- 16.8 months of spending
- Largest source of income
- fees for its services, 71%
Source: Form 990EZ for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 86% of charities in its peer group (recreation and sports, under $250k).
Reserves
35 of 35Spendable reserves would cover 16.8 months of spending.
Debt
20 of 20It owes 5% of what it owns.
Living within its means
15 of 15Income exceeded spending by 26% of income.
Source: Form 990EZ for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $28,835 spent. From October-March we formed age specific teams that practiced at least twice per week (we provided facilities) and participated in numerous competitive games around Southern Minnesota (we provided registration fees). Around 200 youth in grades K-8 participated in the program and over 30 adults volunteered to coach them.
- $14,847 spent. We hosted two local basketball tournaments for grades 4-8 where we invited other towns to come to Waseca and compete against each other. 64 teams participated in the two tournaments which equates to approximately 650 youth athletes and 1,300 spectators in attendance. We provided the costs for facilities and refs.
- $9,416 spent. We helped advance the 9-12 boys and girls high school programs in Waseca by providing them financial support whenever they needed help. Over 50 youth participate in these programs each year and the public school is not financially healthy enough to provide all their needs.
Source: Form 990EZ for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending April 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2013.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.