Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1985.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990; $81K paid to officers and key staff.
Joe Opperman’s $81K as Executive Director is at the 85th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Joe Opperman | $81,472 | $93,336 | $86,330 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Iola Old Car Show INC is a recreation and sports nonprofit based in Iola, WI.
Questions for Iola Old Car Show INC
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Donation of funds to exempt organizations, such as high schools, libraries, hospitals, fire departments, ambulance services, etc.
By the numbers
The FY2024 990, line by line.
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| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $858K | $539K |
| Land, buildings, equipmentLn 10c | $3.0M | $3.2M |
| Total assetsLn 16 | $3.9M | $3.7M |
| LiabilitiesLn 26 | $704K | $876K |
| Net assetsLn 32 | $3.2M | $2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $81K | $16K | $65K | |
| Other salaries and wagesLn 7 | $418K | $84K | $334K | |
| Pension plan contributionsLn 8 | $9K | $2K | $8K | |
| Payroll taxesLn 10 | $38K | $8K | $31K | |
| Legal feesLn 11b | $46K | $9K | $37K | |
| Other fees for servicesLn 11g | $15K | $3K | $12K | |
| Advertising and promotionLn 12 | $51K | $10K | $41K | |
| Office expensesLn 13 | $12K | $2K | $9K | |
| OccupancyLn 16 | $78K | $16K | $62K | |
| TravelLn 17 | $10K | $2K | $8K | |
| InterestLn 20 | $35K | $7K | $28K | |
| InsuranceLn 23 | $40K | $8K | $32K | |
| Total functional expensesLn 25 | $834K | $0 | $167K | $667K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $587K | $834K | −$246K | $2.8M | 990 PDF |
| FY2023 | $954K | $884K | $71K | $3.2M | 990 PDF |
| FY2022 | $1.2M | $786K | $439K | $3.1M | 990 PDF |
| FY2021 | $992K | $702K | $290K | $2.7M | 990 PDF |
| FY2020 | −$103K | $0 | −$103K | $2.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $587,379 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 4 to look at
Part VIII · Statement of revenue $587,379 across 3 lines filed
Part IX · Statement of functional expenses $833,552 across 12 lines filed
Part X · Balance sheet $3,692,506 assets, 8 lines filed
Part XI · Reconciliation of net assets $2,816,896 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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