King Turkey Day INC

Not tax-deductible

Worthington, MN501(c)(6)Since 1958Mutual / membership EIN 41-0842160Revenue $94K in FY2025

On file with the IRS700 2nd Ave, 56187-2300 · Worthington, MNTax-exempt since Apr 1960

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To promote King Turkey Day community celebration

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
77¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $10K a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Looks good: 16.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$94K
-10% vs prior year
Spent
$76K
To programs
77%
Net assets
$105K
By yearFY2020–FY2025
Revenue
$94K
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$24K
FY2021$80K
FY2022$92K
FY2023$87K
FY2024$105K
FY2025$94K
Expenses
$76K
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$13K
FY2021$56K
FY2022$106K
FY2023$82K
FY2024$88K
FY2025$76K
Net assets
$105K
FY2025▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$55K
FY2021$79K
FY2022$65K
FY2023$70K
FY2024$87K
FY2025$105K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1960.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $58K Management & general 14% · $10K Fundraising 9% · $7K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See King Turkey Day INC executive salaries →

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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

Celebrates King Turkey Day with community events.

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3 programs · in their own filed words · FY2025
01

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.

Pt IX · col B
02

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.

Pt IX · col B
03

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.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Gifts and grantsLn 1h$69K
Other incomeLn 4–11$15K
Fees for servicesLn 2g$10K
Money outPt IX
$76K
Ln 25
Programscol B$58K
Managementcol C$10K
Fundraisingcol D$7K
Owns and owesPt X
$105K
net assets · Ln 32
Cash and savingsLn 1–2$105K
Total assetsLn 16$105K
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Fundraising eventsLn 1c$6K
Fees for servicesLn 2g$10K
Investment incomeLn 3$1
Other incomeLn 4–11$15K
Total revenueLn 12$94K
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$13K
Cash and savings togetherLn 1–2$105K
Total assetsLn 16$105K
LiabilitiesLn 26$0
Net assetsLn 32$105K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$87K$105K
Total assetsLn 16$87K$105K
LiabilitiesLn 26$0$0
Net assetsLn 32$87K$105K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$10K$10K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$7K$130$7K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$3K$3K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$36K$36K
Total functional expensesLn 25$76K$58K$10K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $94K$76K$18K$105K 990 PDF
FY2024 $105K$88K$17K$87K 990 PDF
FY2023 $87K$82K$5K$70K 990 PDF
FY2022 $92K$106K−$14K$65K 990 PDF
FY2021 $80K$56K$24K$79K 990 PDF
FY2020 $24K$13K$11K$55K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $93,791 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,550$68,816
I-9 Program service revenuePrior year $16,616$10,310
I-10 Investment incomePrior year $2$1
I-11 Other revenuePrior year $28,370$14,664
I-12 Total revenuePrior year $104,538$93,791
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $87,516$75,903
I-18 Total expensesPrior year $87,516$75,903
I-19 Revenue less expensesPrior year $17,022$17,888
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $93,791 across 7 lines filed
VIII-1c Fundraising events$5,595
VIII-1f All other contributions, gifts and grants$63,221
VIII-1h Total contributions, gifts and grants$68,816
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,310$10,310
VIII-3 Investment incomeRelated to mission $1$1
VIII-8 Net income from fundraising events$14,664
VIII-12 Total revenueRelated to mission $10,311$93,791
Part IX · Statement of functional expenses $75,903 across 9 lines filed
IX-11a Management feesManagement $10,475$10,475
IX-11c Accounting feesPrograms $2,300$2,300
IX-11g Other fees for servicesPrograms $130 · Fundraising $7,129$7,259
IX-12 Advertising and promotionPrograms $10,761$10,761
IX-13 Office expensesPrograms $2,576$2,576
IX-17 TravelPrograms $2,286$2,286
IX-19 Conferences, conventions and meetingsPrograms $1,019$1,019
IX-23 InsurancePrograms $3,505$3,505
IX-24 Other expenses (24a–d)Programs $35,722$35,722
IX-25 Total functional expensesPrograms $58,299 · Management $10,475 · Fundraising $7,129$75,903
Part X · Balance sheet $104,666 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $73,379$91,266
X-2 Savings and temporary cash investmentsStart of year $13,399$13,400
X-16 Total assetsStart of year $86,778$104,666
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $86,778$104,666
X-32 Total net assets or fund balancesStart of year $86,778$104,666
X-33 Total liabilities and net assetsStart of year $86,778$104,666
Part XI · Reconciliation of net assets $104,666 net assets at year end
XI-1 Total revenue$93,791
XI-2 Total expenses$75,903
XI-3 Revenue less expenses$17,888
XI-4 Net assets at start of year$86,778
XI-10 Net assets at end of year$104,666

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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