Western Minnesota Steam Threshers Reunion Inc
- Assets
- $3.1m
- Revenue
- $681.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hawley, MN
- Founding
- 03/1975
- Data as of
- 12/2022
- EIN
- 23-7418831
Organization Overview
Western Minnesota Steam Threshers Reunion Inc is located in Hawley, MN. The organization was established in 1975. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Minnesota Steam Threshers Reunion Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Western Minnesota Steam Threshers Reunion Inc generated $681.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $638.1k during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL EXHIBIT-EDUCATIONAL, HISTROY AND CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE ACTIVITY IS THE ANNUAL FOUR(4) DAY EARLY 20TH CENTURY ERA EXHIBITION WHICH FOCUSES ON FARMING, LUMBER MILLING, RAILROADING, AND STEAM POWER.
EDUCATIONAL OPPORTUNITIES: UNIVERSITY OF ROLLAG STEAM SCHOOL IS HELD FATHERS DAY WEEKEND EACH YEAR AT STEAMER HILL. IT IS A TWO-DAY COURSE DESIGNED TO PROVIDE THE FUNDAMENTAL TRAINING, BOTH HANDS ON, AND CLASSROOM TO PREPARE NEW (OR NOT SO NEW) STEAM ENTHUSIASTS TO BE SAFE OPERATORS, AND PROVIDE IMPORTANT INFORMATION TO AID THEM IN PREPARATION FOR THEIR MN HOBBY BOILERS EXAM. DURING THE COURSE, YOU WILL LEARN THE KEY POINTS TO SAFELY OPERATE A STEAM ENGINE, AND ALSO LEARN THE HISTORY AND INNER WORKINGS OF THE ENGINES. IN ADDITION, THERE ARE HANDS-ON SESSIONS EACH DAY WITH OUR VETERAN OPERATORS TO ANSWER QUESTIONS AND PROVIDE SOME TIME ON AN ENGINE TO LEARN HOW THEY WORK. STUDENTS HAVE THE ABILITY TO PRACTICE ON THE PRONY BRAKE, RUN AN OBSTACLE COURSE AND GET UP CLOSE AND PERSONAL WITH THE ENGINES. WHILE THE COURSE DOES NOT SATISFY ALL THE MN STATE REQUIREMENTS TO TAKE YOUR TEST, IT IS A SOLID FOUNDATION ON WHICH TO BUILD YOUR KNOWLEDGE FROM. WMSTR IS THE ONLY TRAINING APPROVED BY THE STATE OF MINNESOTA NOT PROVIDED BY A STATE- RUN ENTITY
EDUCATIONAL OPPORTUNITIES: ROLLAGOLOGY SATURDAY AND SUNDAY MORNING 4-HOUR CLASSES 1. PRAIRIE TRACTORS, GIANTS PRE-1920 2. MACHINE SHOP OPERATIONS 3. DRAFT HORSES AND HORSEPOWER AREA ACTIVITIES THIS IS A LIST OF THE SATURDAY AFTERNOON 2-HOUR CLASSES: 1. SAFE HAND CRANKING INTERNAL COMBUSTION ENGINES 2. ICE CREAM MAKING AND SCOOPING 3. DRILL BIT SHARPENING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Halvorsrud President | OfficerTrustee | 1 | $0 |
Roger Meyer Vice Preside | OfficerTrustee | 1 | $0 |
Don Thiel Secretary | OfficerTrustee | 1 | $0 |
Shelly Dillon Treasurer | OfficerTrustee | 2 | $0 |
Ray Wangler Director | Trustee | 1 | $0 |
Andrew Meyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,756 |
| Total Program Service Revenue | $418,846 |
| Investment income | $693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $225,106 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $681,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,039 |
| Advertising and promotion | $36,436 |
| Office expenses | $24,356 |
| Information technology | $6,538 |
| Royalties | $0 |
| Occupancy | $209,405 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,103 |
| Interest | $2,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,550 |
| Insurance | $30,688 |
| All other expenses | $0 |
| Total functional expenses | $638,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,658 |
| Savings and temporary cash investments | $369,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,237 |
| Prepaid expenses and deferred charges | $19,724 |
| Net Land, buildings, and equipment | $1,318,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,236,649 |
| Total assets | $3,073,334 |
| Accounts payable and accrued expenses | $2,632 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,799 |
| Total liabilities | $68,431 |
| Net assets without donor restrictions | $2,994,446 |
| Net assets with donor restrictions | $10,457 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,073,334 |