King Turkey Day Inc
- Assets
- $64.8k
- Revenue
- $91.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Worthington, MN
- Founding
- 04/1960
- Data as of
- 12/2022
- EIN
- 41-0842160
Organization Overview
King Turkey Day Inc is located in Worthington, MN. The organization was established in 1960. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King Turkey Day Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, King Turkey Day Inc generated $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $105.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. 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
TO PROMOTE KING TURKEY DAY COMMUNITY CELEBRATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL KING TURKEY DAY PARADE IS THE SHOWCASE EVENT THAT DRAWS CROWDS OF OVER 20,000 PEOPLE TO WATCH THE 2-MILE LONG PROCESSION OF LOCAL PEOPLE, BANDS AND ORGANIZATIONS. THE EVENT IS FREE TO ATTEND AND PROMOTES THE SENSE OF COMMUNITY THAT KING TURKEY DAY IS ALL ABOUT.
THE KING TURKEY DAY MIXER IS A COMMUNITY EVENT THAT WELCOMES OUR SISTER CITY TO TOWN, RECOGNIZED COMMUNITY MEMBERS DURING A PROGRAM THAT HONORS VOLUNTEERS AND OUTSTANDING COMMUNITY-MINDED PEOPLE AND BUSINESSES, AND ENCOURAGES THE COMMUNITY TO GATHER FOR A FREE MEAL.
THE PANCAKE BREAKFAST IS A TURKEY DAY TRADITION THAT BRINGS THOUSANDS FROM THE COMMUNITY INTO THE FIREHALL WHERE VOLUNTEERS PREPARE DONATED BREAKFAST FOODS AND SERVE THE COMMUNITY A FREE BREAKFAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Prins Treasurer | OfficerTrustee | 2 | $0 |
Jay Jensen Secretary | OfficerTrustee | 2 | $0 |
Susanne Murphy President | OfficerTrustee | 2 | $0 |
Holly Sieve Vice Preside | OfficerTrustee | 2 | $0 |
Tina Nickel Director | Trustee | 2 | $0 |
Amy Roesner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,061 |
| Total Program Service Revenue | $23,144 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,546 |
| 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 | $17,075 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,060 |
| Advertising and promotion | $10,755 |
| Office expenses | $254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,802 |
| 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 | $0 |
| Insurance | $2,751 |
| All other expenses | $0 |
| Total functional expenses | $105,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,756 |
| Savings and temporary cash investments | $22,020 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $64,776 |
| 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 | $64,776 |
| 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 | $64,776 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Dairy Herd Improvement Sauk Centre, MN | $1,637,297 | $2,255,474 |
Minnesota Pork Board Mankato, MN | $1,571,929 | $2,086,789 |
South Dakota Producers Council Sioux Falls, SD | $1,200,455 | $1,325,308 |
Dairy Business Association Inc Green Bay, WI | $1,517,928 | $864,691 |
Midwest Poultry Federation Inc Buffalo, MN | $409,612 | $926,298 |
Brown Swiss Cattle Breeders Assn Of The U S A Inc Beloit, WI | $739,489 | $682,804 |
North Central Poultry Association Urbandale, IA | $1,244,126 | $668,035 |
South Dakota Cattlemens Foundation De Smet, SD | $0 | $585,344 |
Iowa Turkey Federation Inc Ames, IA | $546,913 | $495,294 |
National Mastitis Council Inc New Prague, MN | $567,258 | $389,260 |
National Dairy Herd Improvement Association Inc Verona, WI | $681,227 | $489,608 |
Monroe County Co-Op Dairy Herd Improvement Association Sparta, WI | $136,775 | $320,594 |