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.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
4 of 6
filings with a surplus
Average surplus $235K a year · 43% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Plus $3.4M in investments, Pt X · Ln 11–13
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $31K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$383K
-80% vs prior year
Spent
$278K
To programs
66%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$383K
FY2022▼ -80%
Tap a bar for its year
Revenue by fiscal year
FY2020$310K
FY2021$1.9M
FY2022$383K
FY2023$207K
FY2024$255K
FY2025$144K
Expenses
$278K
FY2022▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2020$268K
FY2021$566K
FY2022$278K
FY2023$229K
FY2024$252K
FY2025$238K
Net assets
$3.5M
FY2022▼ -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 FY2022 Form 990 (year ending October 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

66 cents of each dollar spent went to programs.

Program services 66% · $183K Management & general 34% · $95K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 →

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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

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

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3 programs · $183K · in their own filed words · FY2021
01

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.

$183Kprogram expense
02

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…

Pt IX · col B
03

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.

Pt IX · 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$383K
Ln 12
Investment incomeLn 3$207K
Gifts and grantsLn 1h$164K
Other incomeLn 4–11$13K
Money outPt IX
$278K
Ln 25
Programscol B$183K
Managementcol C$95K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$3.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Investment incomeLn 3$207K
Other incomeLn 4–11$13K
Gains on assetsLn 7$101K
Total revenueLn 12$383K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$65K
Cash and savings togetherLn 1–2$69K
InvestmentsLn 11–13$3.4M
Total assetsLn 16$3.5M
LiabilitiesLn 26$0
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$49K$69K
InvestmentsLn 11–13$4.0M$3.4M
Total assetsLn 16$4.0M$3.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.0M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$182K$182K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$40K$40K
Investment management feesLn 11f$20K$20K
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$696$696
Office expensesLn 13$321$321
OccupancyLn 16$8K$8K
Conferences, conventions and meetingsLn 19$567$567
InterestLn 20$2$2
InsuranceLn 23$996$996
Other expenses (24a–d)Ln 24$367$367
Total functional expensesLn 25$278K$183K$95K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $144K$238K−$93K$4.7M 990 PDF
FY2024 $255K$252K$2K$4.2M 990 PDF
FY2023 $207K$229K−$22K$3.5M 990 PDF
FY2022 Viewing $383K$278K$105K$3.5M 990 PDF
FY2021 $1.9M$566K$1.4M$4.0M 990 PDF
FY2020 $310K$268K$42K$2.4M 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 FY2022 990 (6 parts)
Part I · Summary $383,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,107$164,000
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,729,336$206,726
I-11 Other revenuePrior year $43,532$12,634
I-12 Total revenuePrior year $1,940,975$383,360
I-13 Grants and similar amounts paidPrior year $501,910$182,279
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $63,780$95,896
I-18 Total expensesPrior year $565,690$278,175
I-19 Revenue less expensesPrior year $1,375,285$105,185
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $383,360 across 6 lines filed
Lines not itemized here account for $12,337 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$164,000
VIII-1h Total contributions, gifts and grants$164,000
VIII-3 Investment incomeExcluded from tax $105,921$105,921
VIII-7 Net gain or loss on sales of assetsExcluded from tax $100,805$100,805
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $297$297
VIII-12 Total revenueExcluded from tax $219,360$383,360
Part IX · Statement of functional expenses $278,175 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $182,279$182,279
IX-11b Legal feesManagement $4,617$4,617
IX-11c Accounting feesManagement $39,555$39,555
IX-11f Investment management feesManagement $20,321$20,321
IX-11g Other fees for servicesManagement $20,454$20,454
IX-12 Advertising and promotionPrograms $696$696
IX-13 Office expensesManagement $321$321
IX-16 OccupancyManagement $8,000$8,000
IX-19 Conferences, conventions and meetingsManagement $567$567
IX-20 InterestPrograms $2$2
IX-23 InsuranceManagement $996$996
IX-24 Other expenses (24a–d)Management $367$367
IX-25 Total functional expensesPrograms $182,977 · Management $95,198 · Fundraising $0$278,175
Part X · Balance sheet $3,496,162 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $586$3,885
X-2 Savings and temporary cash investmentsStart of year $48,340$65,331
X-11 Publicly traded securitiesStart of year $3,973,269$3,426,946
X-16 Total assetsStart of year $4,022,195$3,496,162
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,081,842$1,437,968
X-28 Net assets with donor restrictionsStart of year $1,940,353$2,058,194
X-32 Total net assets or fund balancesStart of year $4,022,195$3,496,162
X-33 Total liabilities and net assetsStart of year $4,022,195$3,496,162
Part XI · Reconciliation of net assets $3,496,162 net assets at year end
XI-1 Total revenue$383,360
XI-2 Total expenses$278,175
XI-3 Revenue less expenses$105,185
XI-4 Net assets at start of year$4,022,195
XI-5 Net unrealized gains (losses) on investments−$631,218
XI-10 Net assets at end of year$3,496,162

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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