I And I Antique Tractor And Gas Engine Club
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Penfield, IL
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 37-1223019
Organization Overview
I And I Antique Tractor And Gas Engine Club is located in Penfield, IL. The organization was established in 1997. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. I And I Antique Tractor And Gas Engine Club 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 12/2023, I And I Antique Tractor And Gas Engine Club generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $946.7k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ANNUAL SHOW WITH ANTIQUE FARM EQUIPMENT PERFORMING VARIOUS FARMING ACTIVITIES. MUSEUM ON THE GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL SHOW AND DISPALY OF ANTIQUE TRACTORS AND OTHER FARM EQUIPMENT USED TO PERORM VARIOUS AGRICULTURAL FUNCTIONS SUCH AS PLOWING, THRESHING AND SHELLING. BOOTHS TO DEMONSTRATE FARM LIVING TECHNIQUES IN THE LATE 19TH CENTURY AND EARLY 2OTH CENTURY WITH ANTIQUE EQUIPMENT AND HOUSEHOLD DISPLAYS IN THE MUSEUM.
TO PROMOTE THE HISTORY OF FARMING AND THE WAY OF LIFE THROUGH MUSEUM AND ACTUAL LIFE FARMING ACTIVITIES AND AN EXPOSITION OF ACTUAL ANTIQUE TRACTORS AND OTHER FARM EQUIPMENT IN THE ACTIVITY OF FARMING DURING THE SHOW.
BI-ANNUAL SHOW IN 2022 WITH 200 ACRES OF CORN AND BEANS WERE PLANTED AND HAVESTED BY FRAMERS FROM MILES AROUND WITH THEIR OWN OLD TRACTORS AND HARVESTING EQUIPMENT. IN ADDITION, ANTIQUE FARM EQUIPMENT AND TRUCK WERE ON DISPLAY.
ANNUAL SWAP MEET AND AUCTGION OF FARM RELATED EQUIPMENT BROUGHT TO THE EXPOSITION AND SOLD AT AUCTION TO THE EXPOSITION PARTICIPANTS. IN ADDTION, TOY COLLECTION OF FARM EQUIPMENT WERE ALSO SOLD AT AUCTION, AS WELL. THE SHOW WAS CONTINUED IN 2021 AND NO SWAP MEET OCCURED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Stelter President | OfficerTrustee | $0 | |
Gene Schmidt Treasurer | OfficerTrustee | $0 | |
Dean Blackford Vice-Preside | OfficerTrustee | $0 | |
Barry Maury Vice-Preside | OfficerTrustee | $0 | |
J C Reitmeier Secretary | OfficerTrustee | $0 | |
John Bensyl Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,990 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,076 |
| Total Program Service Revenue | $1,184,295 |
| Investment income | $8,765 |
| 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 | $26,734 |
| Net Income from Sales of Inventory | $60,024 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,294,794 |
| 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 | $3,345 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,968 |
| Office expenses | $9,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,462 |
| Insurance | $16,758 |
| All other expenses | $10,449 |
| Total functional expenses | $946,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,881 |
| Savings and temporary cash investments | $1,314,463 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $717,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,197,107 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,197,107 |
| Net assets with donor restrictions | $0 |
| 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 | $2,197,107 |
Grants Awarded
Over the last fiscal year, I And I Antique Tractor And Gas Engine Club has awarded $37,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PARKLAND COLLEGEPARKLAND JUNIOR COLLEGE PURPOSE: SCHOLARSHIPS | $25,500 |
DANVILLE COLLEGEDANVILLE AREA COMMUNITY COLLEGE | | | $11,500 |