Albert City Threshermen And Collectors Inc
- Assets
- $863.3k
- Revenue
- $221.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Albert City, IA
- Founding
- 11/1975
- Data as of
- 10/2022
- EIN
- 51-0173332
Organization Overview
Albert City Threshermen And Collectors Inc is located in Albert City, IA. The organization was established in 1975. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Albert City Threshermen And Collectors 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, Albert City Threshermen And Collectors Inc generated $221.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATED PEOPLE REGARDING PAST FARMING METHODS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRESHERMEN SHOW SHOWING OLD FARMING TECHNIQUES. ONLY PROGRAM IS DOING THE 3 DAY THRESHERMEN SHOW AND A FEW CLASS TOURS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Smith Treasurer | OfficerTrustee | 2 | $0 |
Branden Otto Secretary | OfficerTrustee | 2 | $0 |
Gary Sundblad President | OfficerTrustee | 2 | $0 |
Mike Rebhuhn Vice President | OfficerTrustee | 2 | $0 |
Mike Sangwin Director | Trustee | 2 | $0 |
Randy Koenig Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,926 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,415 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $177,732 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,147 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,319 |
| Office expenses | $7,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,049 |
| Interest | $206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,325 |
| All other expenses | $0 |
| Total functional expenses | $207,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,968 |
| Savings and temporary cash investments | $1,071 |
| 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 | $798,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $863,342 |
| 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 | $863,342 |
| 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 | $863,342 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albert City Threshermen And Collectors Inc has recieved totaling $6,400.
| Awarding Organization | Amount |
|---|---|
Sundholm Foundation Storm Lake, IA PURPOSE: CHARITABLE | $6,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Farm Bureau Federation West Des Moines, IA | $1,514,260,280 | $86,995,533 |
Central Electric Cooperative Inc Mitchell, SD | $99,096,217 | $37,679,047 |
American Soybean Association St Louis, MO | $22,612,610 | $31,372,473 |
Iowa Corn Promotion Board Johnston, IA | $28,871,996 | $24,524,776 |
Iowa Corn Growers Association Johnston, IA | $20,295,827 | $19,989,952 |
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |