Kossuth County Agricultural And Motor Sports Museum

Organization Overview

Kossuth County Agricultural And Motor Sports Museum is located in Algona, IA. The organization was established in 2009. According to its NTEE Classification (A50) the organization is classified as: 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. Kossuth County Agricultural And Motor Sports Museum 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 12/2021, Kossuth County Agricultural And Motor Sports Museum generated $26.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $42.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

KOSSUTH COUNTY AGRICULTURAL AND MOTOR SPORTS MUSEUM HAS CONSTRUCTED AND OPERATES AN AGRICULTURAL, MOTOR SPORTS, AND MODEL TRAIN MUSEUM. AGRICULTURE HAS IMPACTED EVERYONE IN KOSSUTH COUNTY. THAT IMPACT IS PART OF OUR HISTORY AND OUR FUTURE. AGRICULTURE HAS CHANGED DRAMATICALLY OVER THE PAST AND WILL CONTINUE TO CHANGE FOR OUR FUTURE. AGRICULTURE IS A COMPONENT OF EVERYONE'S EMPLOYMENT IN KOSSUTH COUNTY AND CAN CONTINUE TO PLAY THAT ROLE FOR OUR FUTURE. IT IS FOR THESE REASONS AND MANY, MANY MORE WHY THIS MUSEUM IS NEEDED FOR EDUCATION, REMEMBERING OUR AGRICULTURE HISTORY, AND FOR PREPARING FUTURE CAREERS IN AGRICULTURE. MOTOR SPORTS IS PART OF MANY KOSSUTH COUNTY RESIDENTS' "WAY OF LIFE" FOR THEIR ENTERTAINMENT AND ENJOYMENT. THIS ACTIVITY HAS BEEN A FINANCIAL STIMULUS FOR MANY BUSINESSES WITHIN KOSSUTH COUNTY. RECOGNIZING AND REMEMBERING THIS COUNTY TRADITION WILL BE REWARDING FOR MANY AND EDUCATING FOR ALL. THE ARLEN BENSCHOTER MODEL TRAIN COLLECTION IS A TREASURE. THIS LARGE, WORKING

Describe the Organization's Program Activity:

Part 3 - Line 4a

KOSSUTH COUNTY AGRICULTURAL AND MOTOR SPORTS MUSEUM HAS CONSTRUCTED AND OPERATES AN AGRICULTURAL, MOTOR SPORTS, AND MODEL TRAIN MUSEUM. AGRICULTURE HAS IMPACTED EVERYONE IN KOSSUTH COUNTY. THAT IMPACT IS PART OF OUR HISTORY AND OUR FUTURE. AGRICULTURE HAS CHANGED DRAMATICALLY OVER THE PAST AND WILL CONTINUE TO CHANGE FOR OUR FUTURE. AGRICULTURE IS A COMPONENT OF EVERYONE'S EMPLOYMENT IN KOSSUTH COUNTY AND CAN CONTINUE TO PLAY THAT ROLE FOR OUR FUTURE. IT IS FOR THESE REASONS AND MANY, MANY MORE WHY THIS MUSEUM IS NEEDED FOR EDUCATION, REMEMBERING OUR AGRICULTURE HISTORY, AND FOR PREPARING FUTURE CAREERS IN AGRICULTURE. MOTOR SPORTS IS PART OF MANY KOSSUTH COUNTY RESIDENTS' "WAY OF LIFE" FOR THEIR ENTERTAINMENT AND ENJOYMENT. THIS ACTIVITY HAS BEEN A FINANCIAL STIMULUS FOR MANY BUSINESSES WITHIN KOSSUTH COUNTY. RECOGNIZING AND REMEMBERING THIS COUNTY TRADITION WILL BE REWARDING FOR MANY AND EDUCATING FOR ALL. THE ARLEN BENSCHOTER MODEL TRAIN COLLECTION IS A TREASURE. THIS LARGE, WORKING SCALE MODEL "O" GAUGE TRAIN SHOULD BE ENJOYED BY ALL AREA RESIDENTS AND VISITORS. MR. BENSCHOTER IS PLEASED TO HAVE HIS LIFE'S COLLECTION ENTERTAIN MUSEUM VISITORS. THE BENEFITS OF THE MUSEUM WILL BE EDUCATION, ENTERTAINMENT, AND RECOGNITION. IN ADDITION, THIS MUSEUM WILL COORDINATE AND COOPERATE WITH OTHER COUNTY ATTRACTIONS TO PROMOTE FAMILY ENTERTAINMENT OPPORTUNITIES AND TOURISM VISITS TO THIS MUSEUM AND OTHER ATTRACTIONS. THIS MUSEUM ATTRACTION CAN BRING A FINANCIAL BENEFIT TO MANY.


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Board, Officers & Key Employees

Name (title)Compensation
Donald Heupel
President
$0
Mitchell Habeger
Treasurer
$0
Edgar Meyer
Vice Preside
$0
Irene Ricky
Secretary
$0
Richard Erpelding
Director
$0
Duane Hannover
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,970
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,580
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,550
Total Program Service Revenue$3,685
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,025
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $9,670
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,930

Endowment Analysis

Beg. Balance$178,636
Earnings$31,414
Admin Expense$2,137
Net Contributions$300
Ending Balance$208,212

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