Old Threshers Foundation INC

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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.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1272944) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 19 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)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $235K a year · 43% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
1.9 mo
of spending, in cash
Plus $4.7M in investments, Pt X · Ln 11–13
1.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
12
of 13 voting members
12 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$144K
-43% vs prior year
Spent
$238K
To programs
80%
Net assets
$4.7M
By yearFY2020–FY2025
Revenue
$144K
FY2025▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$310K
FY2021$1.9M
FY2022$383K
FY2023$207K
FY2024$255K
FY2025$144K
Expenses
$238K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$268K
FY2021$566K
FY2022$278K
FY2023$229K
FY2024$252K
FY2025$238K
Net assets
$4.7M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$4.0M
FY2022$3.5M
FY2023$3.5M
FY2024$4.2M
FY2025$4.7M

From the FY2025 Form 990 (year ending October 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1986.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $191K Management & general 20% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990; $12K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$12,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Melinda Huisinga$12,000$12,000

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.

See Old Threshers Foundation INC executive salaries →

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

Funds capital projects and improvements for the Midwest Old Settlers and Threshers Association.

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3 programs · $191K · in their own filed words · FY2024
01

The foundation supports events like festival of lights and the iowa state fair tourism booth to attract people to the midwest old settlers & threshers grounds. Foundation board members participate in field trip tours for nearly 1,000 upper elementary school age children who visit midwest old threshers each spring.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1272944) · Dispute this line
$191Kprogram expense
02

During the past eight annual reunions, the foundation has recognized a top financial supporter and volunteer of midwest old threshers by awarding the "golden wheat award" to that recipient.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1272944) · Dispute this line
Pt IX · Ln 25 · col B
03

The foundation has spearheaded fundraising efforts on behalf of midwest old threshers to continue to develop relationships with donors and grow the endowment, the earnings of which, are granted to midwest old threshers annually.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1272944) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$31K
Grants paid · 6 grants · $1.5M · 2019–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$144K
Ln 12
Investment incomeLn 3$139K
Gifts and grantsLn 1h$60K
Money outPt IX
$238K
Ln 25
Programscol B$191K
Managementcol C$47K
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$4.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Investment incomeLn 3$139K
Gains on assetsLn 7−$68K
Total revenueLn 12$144K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$38K
InvestmentsLn 11–13$4.7M
Total assetsLn 16$4.7M
LiabilitiesLn 26$0
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$24K
Share of the $4.3M endowmentSch D 1g0.55%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$4.3M$3.8M$3.2M$3.2M$3.7M
AddedLn 1b$280$81K$25K$2.2M
SpentLn 1d–1f$114K$164K$173K$132K$341K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$73K$38K
InvestmentsLn 11–13$4.1M$4.7M
Total assetsLn 16$4.2M$4.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.2M$4.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$177K$177K
Pay of officers and key staff (Part IX, line 5)Ln 5$12K$12K
Payroll taxesLn 10$918$918
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$24K$24K
Advertising and promotionLn 12$1K$1K
OccupancyLn 16$12K$12K
TravelLn 17$500$500
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$625$625
Total functional expensesLn 25$238K$191K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 30, 2026 $144K$238K−$93K$4.7M 990 PDF
FY2024Filed with the IRS Apr 18, 2025 $255K$252K$2K$4.2M 990 PDF
FY2023Filed with the IRS Apr 25, 2024 $207K$229K−$22K$3.5M 990 PDF
FY2022Filed with the IRS Mar 17, 2023 $383K$278K$105K$3.5M 990 PDF
FY2021Filed with the IRS Aug 29, 2022 $1.9M$566K$1.4M$4.0M 990 PDF
FY2020Filed with the IRS Sep 15, 2021 $310K$268K$42K$2.4M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $144,119 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $76,197$59,958
I-9 Program service revenue$0
I-10 Investment incomePrior year $164,351$71,174
I-11 Other revenuePrior year $14,147$12,987
I-12 Total revenuePrior year $254,695$144,119
I-13 Grants and similar amounts paidPrior year $192,681$176,720
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,918$12,918
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,649$47,969
I-18 Total expensesPrior year $252,248$237,607
I-19 Revenue less expensesPrior year $2,447−$93,488
Part VI · Governance 12 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $144,119 across 6 lines filed
Lines not itemized here account for $12,734 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$59,958
VIII-1h Total contributions, gifts and grants$59,958
VIII-3 Investment incomeExcluded from tax $138,920$138,920
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$67,746−$67,746
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $253$253
VIII-12 Total revenueRelated to mission $253 · Excluded from tax $83,908$144,119
Part IX · Statement of functional expenses $237,607 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $176,720$176,720
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $12,000$12,000
IX-10 Payroll taxesPrograms $918$918
IX-11c Accounting feesManagement $8,594$8,594
IX-11f Investment management feesManagement $23,632$23,632
IX-12 Advertising and promotionPrograms $1,421$1,421
IX-16 OccupancyManagement $12,000$12,000
IX-17 TravelManagement $500$500
IX-23 InsuranceManagement $1,197$1,197
IX-24 Other expenses (24a–d)Management $625$625
IX-25 Total functional expensesPrograms $191,059 · Management $46,548 · Fundraising $0$237,607
Part X · Balance sheet $4,693,977 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $9,760$31,828
X-2 Savings and temporary cash investmentsStart of year $63,393$6,237
X-11 Publicly traded securitiesStart of year $4,085,121$4,655,912
X-16 Total assetsStart of year $4,158,274$4,693,977
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,627,208$1,791,996
X-28 Net assets with donor restrictionsStart of year $2,531,066$2,901,981
X-32 Total net assets or fund balancesStart of year $4,158,274$4,693,977
X-33 Total liabilities and net assetsStart of year $4,158,274$4,693,977
Part XI · Reconciliation of net assets $4,693,977 net assets at year end
XI-1 Total revenue$144,119
XI-2 Total expenses$237,607
XI-3 Revenue less expenses−$93,488
XI-4 Net assets at start of year$4,158,274
XI-5 Net unrealized gains (losses) on investments$629,191
XI-10 Net assets at end of year$4,693,977

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

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