Midwest Old Settlers And Threshers Assn Inc
- Assets
- $5.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Mt Pleasant, IA
- Founding
- 12/1968
- Data as of
- 12/2021
- EIN
- 42-0777257
Organization Overview
Midwest Old Settlers And Threshers Assn Inc is located in Mt Pleasant, IA. The organization was established in 1968. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Midwest Old Settlers And Threshers Assn Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Old Settlers And Threshers Assn 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 12/2021, Midwest Old Settlers And Threshers Assn Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MIDWEST OLD SETTLERS & THRESHERS ASSOCIATION IS TO PRESERVE OUR AGRICULTURAL HERITAGE THROUGH EDUCATION AND ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADMINISTRATION OF YEAR ROUND, AS WELL AS SEASONAL, EDUCATION EVENTS THROUGH MUSEUM TOURS AND ENTERTAINMENT EVENTS AND EVENTS OF WHICH THE LARGEST IS THE ANNUAL OLD THRESHERS REUNION. THE REUNION IS ONE OF THE LARGEST AGRICULTURAL SHOWS OF ITS KIND WITH STEAM ENGINES, ANTIQUE TRACTORS, CARS AND TRUCKS, GAS ENGINES, HORSES, WORKING DEMONSTRATIONS, STEAM TRAINS AND ELECTRIC TROLLEYS. EDUCATIONAL COMPONENT OFFERS MUSEUM TOURS AND SCHOOL TOUR PROGRAM FOR CHILDREN (3-5 GRADES) AND ENTERTAINMENT EVENTS OFFER SEASONAL ATTRACTIONS FOR HALLOWEEN AND CHRISTMAS LIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Buckert Treasurer | OfficerTrustee | 4 | $0 |
Bob Gerdes President | OfficerTrustee | 4 | $0 |
Phil Mcmeins Secretary | OfficerTrustee | 4 | $0 |
Robert Welander Vice Preside | OfficerTrustee | 4 | $0 |
Terry Mcwilliams Executive Di | Officer | 40 | $0 |
Paul Bishop Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $501,910 |
| Government grants | $1,229,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,050 |
| Noncash contributions included in lines 1a–1f | $313,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,022,082 |
| Total Program Service Revenue | $1,586,303 |
| Investment income | $36,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,078 |
| Net Gain/Loss on Asset Sales | -$27,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,488 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,761,020 |
| 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 | $311,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,585 |
| Advertising and promotion | $91,563 |
| Office expenses | $39,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $171,182 |
| Travel | $20,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,022 |
| Insurance | $93,415 |
| All other expenses | $32,858 |
| Total functional expenses | $1,706,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,433 |
| Savings and temporary cash investments | $0 |
| 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 | $52,331 |
| Prepaid expenses and deferred charges | $29,184 |
| Net Land, buildings, and equipment | $2,808,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,227,851 |
| Total assets | $5,724,252 |
| Accounts payable and accrued expenses | $19,568 |
| Grants payable | $0 |
| Deferred revenue | $800 |
| 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 | $20,368 |
| Net assets without donor restrictions | $5,211,980 |
| Net assets with donor restrictions | $491,904 |
| 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 | $5,724,252 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Midwest Old Settlers And Threshers Assn Inc has recieved totaling $26,381.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR THE CAPITAL CAMPAIGN | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosaic Employee Welfare Benefit Plan Trust Omaha, NE | $7,371,640 | $16,223,052 |
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
American Craft Council Minneapolis, MN | $6,869,826 | $3,121,094 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Union Construction Crafts Workers Compensation Fund Bloomington, MN | $541,374 | $1,672,771 |