Nonprofit · EIN 42-1272944
OLD THRESHERS FOUNDATION INC
Tax-exempt · MT PLEASANT, IA 52641
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $144,119 | $237,607 | -$93,488 | $4,693,977 | $0 | $4,693,977 |
| October 31, 2024 | 990 | $254,695 | $252,248 | $2,447 | $4,158,274 | $0 | $4,158,274 |
| October 31, 2023 | 990 | $207,351 | $229,387 | -$22,036 | $3,525,019 | $0 | $3,525,019 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $59,958
- Program service revenue
- $0
- Investment income
- $71,174
- Net gain from sales of assets
- -$67,746
- Net income from gaming
- $12,734
- Other revenue
- $12,987
Expenses
- Grants and similar amounts paid
- $176,720
- Compensation of officers, directors and key employees
- $12,000
- Salaries, compensation and benefits (total)
- $12,918
- Professional fundraising fees
- $0
- Accounting fees
- $8,594
- Occupancy
- $12,000
- Travel
- $500
- Program services (functional)
- $191,059
- Management and general (functional)
- $46,548
Balance sheet and other
- Total assets, start of year
- $4,158,274
- Total assets, end of year
- $4,693,977
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,693,977
- Publicly traded securities
- $4,655,912
- Net assets without donor restrictions
- $1,791,996
- Net assets with donor restrictions
- $2,901,981
- Gross receipts
- $2,562,034
- Employees
- 1
- Volunteers
- 15
- Year formed
- 1986
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELINDA HUISINGA | SECRETARY Trustee or director, Officer | 10 | $12,000 |
| DIANE DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| JOYCE DENNISON - RETIRED 1192024 | PRIOR DIRECT Trustee or director | 1 | $0 |
| ALAN ELGAR | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN GARRELS - RETIRED 1192024 | PRIOR DIRECT Trustee or director | 1 | $0 |
| JASON GOODY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MIKE HEATON - RESIGNED 052025 | PRIOR DIRECT Trustee or director | 1 | $0 |
| JAN JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
| TODD MABEUS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| COLIN MCCORMICK | DIRECTOR Trustee or director | 1 | $0 |
| PHIL MCMEINS | DIRECTOR Trustee or director | 1 | $0 |
| RICH SEBERG | DIRECTOR Trustee or director | 1 | $0 |
| BARRY TULLER | DIRECTOR Trustee or director | 1 | $0 |
| MARY WETTACH | DIRECTOR Trustee or director | 1 | $0 |
| RACHEL LINDEEN | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSIE THOMAS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended October 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELINDA HUISINGA | EXECUTIVE DI Trustee or director, Officer | 10 | $12,000 |
| DIANE DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| JOYCE DENNISON | DIRECTOR Trustee or director | 1 | $0 |
| ALAN ELGAR | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN GARRELS | DIRECTOR Trustee or director | 1 | $0 |
| JASON GOODY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MIKE HEATON | DIRECTOR Trustee or director | 1 | $0 |
| JAN JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
| TODD MABEUS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| COLIN MCCORMICK | DIRECTOR Trustee or director | 1 | $0 |
| PHIL MCMEINS | DIRECTOR Trustee or director | 1 | $0 |
| RICH SEBERG | DIRECTOR Trustee or director | 1 | $0 |
| BARRY TULLER | DIRECTOR Trustee or director | 1 | $0 |
| MARY WETTACH | DIRECTOR Trustee or director | 1 | $0 |
| MIKE BARTON - RESIGNED 111123 | PRIOR DIRECT Trustee or director | 1 | $0 |
| JOHN JENSEN - RETIRED 111123 | PRIOR VICE P Trustee or director, Officer | 1 | $0 |
990 for the year ended October 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE BARTON | DIRECTOR Trustee or director | 1 | $0 |
| TODD MABEUS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOYCE DENNISON | DIRECTOR Trustee or director | 1 | $0 |
| PHIL MCMEINS | DIRECTOR Trustee or director | 1 | $0 |
| ALAN ELGAR | DIRECTOR Trustee or director | 1 | $0 |
| RICH SEBERG | DIRECTOR Trustee or director | 1 | $0 |
| JOHN GARRELS | DIRECTOR Trustee or director | 1 | $0 |
| JASON GOODY | TREASURER Trustee or director, Officer | 1 | $0 |
| BARRY TULLER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE HEATON | DIRECTOR Trustee or director | 1 | $0 |
| MARY WETTACH | DIRECTOR Trustee or director | 1 | $0 |
| MELINDA HUISINGA | EXECUTIVE DI Trustee or director, Officer | 10 | $0 |
| JOHN JENSEN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JAN JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
| DIANE DAVIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 405 E THRESHER RD, MT PLEASANT, IA 52641-2584
- Principal officer (990 for 2024)
- TODD MABEUS, 405 E THRESHERS RD, MT PLEASANT, IA 52641
- Signed the 990
- TODD MABEUS, PRESIDENT
- Phone
- (319) 385-8937
- Website
- WWW.OLDTHRESHERS.COM
- Return prepared by
- TDT CPAS AND ADVISORS PC
Mission
THE PURPOSE OF THE CORPORATION IS AS FOLLOWS: TO OPERATE FOR CHARITABLE AND EDUCATIONAL PURPOSES BY RAISING FUNDS FOR AND DISTRIBUTING THE INCOME FROM THOSE FUNDS FOR CAPITAL PROJECTS, IMPROVEMENTS, AND EMERGENCY FUNDING OF THE MIDWEST OLD SETTLERS AND THRESHERS ASSOCIATION, INC.
Program accomplishments
- 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. THE STUDENTS ARE GIVEN A GIFT BAG PROVIDED BY A FOUNDATION BOARD MEMBER AND INFORMATION FOR THE UPCOMING REUNION TO ENCOURAGE THE CHILDREN TO RETURN WITH THEIR FAMILIES DURING THE ANNUAL REUNION.Expenses $191,059 · grants $176,720
- 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.
- 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. FOUNDATION BOARD MEMBERS VOLUNTEER TO ASSIST MIDWEST OLD THRESHERS THROUGHOUT THE YEAR AT VARIOUS EVENTS SPONSORED BY MOSTA SUCH AS SCHOOL TOURS, STEAM ENGINE SCHOOL, TROLLEY SCHOOL, 4TH OF JULY ACTIVITIES, ANNUAL REUNION, HAUNTED RAILS AND HAUNTED HOUSE, AND FESTIVAL OF LIGHTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1272944
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1986
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,693,977
- Income (IRS master file)
- $2,562,034
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $144,119 | $237,607 | $4,693,977 | XML |
| 990 | October 2024 | $254,695 | $252,248 | $4,158,274 | XML |
| 990 | October 2023 | $207,351 | $229,387 | $3,525,019 | XML |
| 990 | October 2022 | $383,360 | $278,175 | $3,496,162 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1272944).
Questions about OLD THRESHERS FOUNDATION INC
- What is the EIN of OLD THRESHERS FOUNDATION INC?
- The employer identification number (EIN) of OLD THRESHERS FOUNDATION INC is 42-1272944.
- Is OLD THRESHERS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to OLD THRESHERS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does OLD THRESHERS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLD THRESHERS FOUNDATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLD THRESHERS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of OLD THRESHERS FOUNDATION INC?
- The 990 for the year ended October 31, 2025 names TODD MABEUS.
- Who are the officers and directors of OLD THRESHERS FOUNDATION INC?
- The 990 for the year ended October 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $12,000 (MELINDA HUISINGA, SECRETARY).
- How much revenue does OLD THRESHERS FOUNDATION INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $144,119, expenses of $237,607 and total assets of $4,693,977 at year end.
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