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Old Threshers Foundation Inc

EIN 42-1272944 · Mt Pleasant, IA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceStrong94 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$144,119
Spending
$237,607
Spent on programs
80%
Reserves
90.5 months of spending
Largest source of income
investment income, 49%
Employees
1
Volunteers
15
Highest pay
$12,000, secretary

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 90.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 65% of income.

  • Income trend

    0 of 15

    Income fell 43% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 94 out of 100.

  • Independent board

    25 of 25

    12 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $191,059 spent. 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.
  2. 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.
  3. 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.

Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending October 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.