Old Threshers Foundation Inc
- Assets
- $3.5m
- Revenue
- $383.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Pleasant, IA
- Founding
- 06/1986
- Data as of
- 10/2022
- EIN
- 42-1272944
Organization Overview
Old Threshers Foundation Inc is located in Mt Pleasant, IA. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Threshers Foundation 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 10/2022, Old Threshers Foundation Inc generated $383.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $278.2k during the year ending 10/2022. While expenses have increased by 7.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR CHARITABLE AND EDUCATIONAL PURPOSES BY RAISING FUNDS FOR AND DISTRIBUTING THE INCOME FROM THOSE FUNDS FOR CAPITAL PROJECTS AND IMPROVEMENTS OF THE MIDWEST OLD SETTLERS AND THRESHERS ASSOCIATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS EVENTS LIKE FESTIVAL OF LIGHTS TO ATTRACT PEOPLE TO THE MIDWEST OLD SETTLERS & THRESHERS GROUNDS. THEY ALSO HOST AND SPONSOR FIELD TRIP TOURS FOR SCHOOL AGE CHILDREN. THE STUDENTS ARE GIVEN A GIFT BAG AND INFORMATION FOR THE UPCOMING REUNION TO ENCOURAGE THE CHILDREN TO RETURN WITH THEIR FAMILIES DURING THE ANNUAL REUNION.
THE FOUNDATION HAS SPEARHEADED FUNDRAISING EFFORTS ON BEHALF OF MIDWEST OLD THRESHERS TO FINANCE MOSTA'S LAST THREE BUILDING PROJECTS: (1) THE MEDICAL PAVILION;(2) THE CAMPGROUND OPERATIONS/FESTIVAL OF LIGHTS HEADQUARTERS; AND (3)THE NEW SANTA HOUSE AND SANTA WORKSHOP FOR THE FESTIVAL OF LIGHTS.
DURING THE PAST FOUR ANNUAL REUNIONS, THE FOUNDATION HAS RECOGNIZED A TOP FINANCIAL SUPPORTER OF MIDWEST OLD THRESHERS BY AWARDING THE "GOLDEN WHEAT AWARD" TO THAT RECIPIENT. FOUNDATION BOARD MEMBERS VOLUNTEER TO ASSIST MIDWEST OLD THRESHERS THROUGHOUT THE YEAR AT VARIOUS EVENTS SPONSORED BY MOSTA SUCH AS SCHOOL TOURS, STEAM ENGINE SCHOOL, TROLLEY SCHOOL, 4TH OF JULY ACTIVITIES, ANNUAL REUNION, HAUNTED RAILS AND HAUNTED HOUSE, AND FESTIVAL OF LIGHTS.
FOR THE PAST SIX YEARS THE FOUNDATION HAS SUPPORTED A TOURISM BOOTH AT THE IOWA STATE FAIR IN CONJUNCTION WITH MIDWEST OLD THRESHERS, THE CITY OF MT. PLEASANT, THE CHAMBER AND IOWA WESLEYAN UNIVERSITY TO PROMOTE WHAT MT. PLEASANT HAS TO OFFER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Mabeus President | OfficerTrustee | 5 | $0 |
Jason Goody Treasurer | OfficerTrustee | 1 | $0 |
Melinda Huisinga Executive Di | OfficerTrustee | 10 | $0 |
John Jensen Vice Preside | OfficerTrustee | 1 | $0 |
Mike Barton Director | Trustee | 1 | $0 |
Sharon Davis 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 | $164,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,000 |
| Total Program Service Revenue | $0 |
| Investment income | $105,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $12,337 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,279 |
| 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 | $4,617 |
| Fees for services: Accounting | $39,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,321 |
| Fees for services: Other | $20,454 |
| Advertising and promotion | $696 |
| Office expenses | $321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $567 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $996 |
| All other expenses | $0 |
| Total functional expenses | $278,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,885 |
| Savings and temporary cash investments | $65,331 |
| 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 | $3,426,946 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,496,162 |
| 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 | $1,437,968 |
| Net assets with donor restrictions | $2,058,194 |
| 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 | $3,496,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Threshers Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $7,500 |
Endowment Analysis
| Beg. Balance | $3,715,448 |
| Earnings | -$401,242 |
| Admin Expense | $16,322 |
| Net Contributions | $25,377 |
| Other Expense | -$2,021 |
| Grants | $118,061 |
| Ending Balance | $3,207,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |