Nonprofit · EIN 42-0777257
MIDWEST OLD SETTLERS AND THRESHERS ASSN INC
Tax-exempt · MT PLEASANT, IA 52641
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,145,576 | $2,814,142 | $1,331,434 | $8,235,390 | $272,830 | $7,962,560 |
| December 31, 2024 | 990 | $2,993,129 | $2,452,552 | $540,577 | $6,595,699 | $84,507 | $6,511,192 |
| December 31, 2023 | 990 | $2,693,921 | $2,248,694 | $445,227 | $6,154,970 | $236,881 | $5,918,089 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,963,476
- Program service revenue
- $2,114,214
- Investment income
- $45,715
- Net rental income
- $5,450
- Net gain from sales of assets
- -$34
- Net income from sales of inventory
- $16,721
- Other revenue
- $22,171
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $135,930
- Other salaries and wages
- $381,501
- Salaries, compensation and benefits (total)
- $521,565
- Professional fundraising fees
- $0
- Accounting fees
- $20,596
- Occupancy
- $201,456
- Travel
- $23,748
- Depreciation
- $293,156
- Program services (functional)
- $2,368,827
- Management and general (functional)
- $308,481
- Fundraising (functional)
- $136,834
Balance sheet and other
- Total assets, start of year
- $6,595,699
- Total assets, end of year
- $8,235,390
- Total liabilities, end of year
- $272,830
- Net assets, end of year
- $7,962,560
- Land, buildings and equipment
- $5,442,399
- Publicly traded securities
- $507,845
- Net assets without donor restrictions
- $7,247,680
- Net assets with donor restrictions
- $714,880
- Gross receipts
- $4,256,476
- Employees
- 29
- Volunteers
- 1,273
- Year formed
- 1950
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY MCWILLIAMS | EXECUTIVE DI Officer | 40 | $123,121 | $12,809 |
| PAUL BISHOP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN BUCKERT | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| BOB GERDES | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CHRIS HEATON | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| MADISON HOBBS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELINDA HUISINGA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHIL MCMEINS | VICE PRESIDE Trustee or director, Officer | 4 | $0 | $0 |
| ROBERT MYERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RALPH OLIVER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICH SEBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT WELANDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY MCWILLIAMS | EXECUTIVE DI Officer | 40 | $128,091 | $12,809 |
| PAUL BISHOP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN BUCKERT | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| BOB GERDES | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CHRIS HEATON | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| MADISON HOBBS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELINDA HUISINGA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHIL MCMEINS | VICE PRESIDE Trustee or director, Officer | 4 | $0 | $0 |
| ROBERT MYERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RALPH OLIVER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICH SEBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CARL THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT WELANDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY MCWILLIAMS | EXECUTIVE DI Officer | 40 | $117,302 |
| PAUL BISHOP | DIRECTOR Trustee or director | 2 | $0 |
| ALAN BUCKERT | TREASURER Trustee or director, Officer | 4 | $0 |
| BOB GERDES | VICE PRESIDE Trustee or director, Officer | 4 | $0 |
| CHRIS HEATON | DIRECTOR Trustee or director | 2 | $0 |
| MELINDA HUISINGA | DIRECTOR Trustee or director | 2 | $0 |
| TIM IMHOFF | DIRECTOR Trustee or director | 2 | $0 |
| PHIL MCMEINS | SECRETARY Trustee or director, Officer | 4 | $0 |
| ROBERT MYERS | DIRECTOR Trustee or director | 2 | $0 |
| RALPH OLIVER | DIRECTOR Trustee or director | 2 | $0 |
| RICH SEBERG | DIRECTOR Trustee or director | 2 | $0 |
| CARL THOMPSON | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT WELANDER | PRESIDENT Trustee or director, Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 405 E THRESHER RD, MT PLEASANT, IA 52641-2584
- Principal officer (990 for 2025)
- TERRY MCWILLIAMS, 405 E THRESHERS RD, MT PLEASANT, IA 52641
- Signed the 990
- TERRY MCWILLIAMS, EXECUTIVE DIRECTOR
- Phone
- (319) 385-8937
- Website
- WWW.OLDTHRESHERS.ORG
- Return prepared by
- FORGE FINANCIAL & MANAGEMENT CONSULTING
Mission
THE MISSION OF THE MIDWEST OLD SETTLERS & THRESHERS ASSOCIATION IS TO PRESERVE OUR AGRICULTURAL HERITAGE THROUGH EDUCATION AND ENTERTAINMENT.
Program accomplishments
- THE ADMINISTRATION OF YEAR ROUND, AS WELL AS SEASONAL, EDUCATION EVENTS THROUGH MUSEUM TOURS AND ENTERTAINMENT EVENTS AND EVENTS OF WHICH THE LARGEST IS THE ANNUAL OLD THRESHERS REUNION. THE REUNION IS ONE OF THE LARGEST AGRICULTURAL SHOWS OF ITS KIND WITH STEAM ENGINES, ANTIQUE TRACTORS, CARS AND TRUCKS, GAS ENGINES, HORSES, WORKING DEMONSTRATIONS, STEAM TRAINS AND ELECTRIC TROLLEYS. EDUCATIONAL COMPONENT OFFERS MUSEUM TOURS AND SCHOOL TOUR PROGRAM FOR CHILDREN (3-5 GRADES) AND ENTERTAINMENT EVENTS OFFER SEASONAL ATTRACTIONS FOR HALLOWEEN AND CHRISTMAS LIGHTS.Expenses $2,368,827 · revenue $2,114,214
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0777257
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A400)
- Assets (IRS master file)
- $8,235,390
- Income (IRS master file)
- $4,256,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,145,576 | $2,814,142 | $8,235,390 | XML |
| 990 | December 2024 | $2,993,129 | $2,452,552 | $6,595,699 | XML |
| 990 | December 2023 | $2,693,921 | $2,248,694 | $6,154,970 | XML |
| 990 | December 2022 | $2,098,531 | $2,136,365 | $5,856,814 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 42-0777257).
Questions about MIDWEST OLD SETTLERS AND THRESHERS ASSN INC
- What is the EIN of MIDWEST OLD SETTLERS AND THRESHERS ASSN INC?
- The employer identification number (EIN) of MIDWEST OLD SETTLERS AND THRESHERS ASSN INC is 42-0777257.
- Is MIDWEST OLD SETTLERS AND THRESHERS ASSN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to MIDWEST OLD SETTLERS AND THRESHERS ASSN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDWEST OLD SETTLERS AND THRESHERS ASSN 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 MIDWEST OLD SETTLERS AND THRESHERS ASSN INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDWEST OLD SETTLERS AND THRESHERS ASSN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MIDWEST OLD SETTLERS AND THRESHERS ASSN INC?
- The 990 for the year ended December 31, 2025 names TERRY MCWILLIAMS.
- Who are the officers and directors of MIDWEST OLD SETTLERS AND THRESHERS ASSN INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $123,121 (TERRY MCWILLIAMS, EXECUTIVE DI).
- How much revenue does MIDWEST OLD SETTLERS AND THRESHERS ASSN INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,145,576, expenses of $2,814,142 and total assets of $8,235,390 at year end.
Other nonprofits in MT PLEASANT
- MIDWEST CENTRAL RAILROAD EIN 23-7002864 · last filed 990 for 2024
- HENRY COUNTY HERITAGE TRUST INC EIN 26-0905251 · last filed 990-EZ for 2025
- MT PLEASANT 4TH OF JULY COMMITEE INC EIN 90-0499454 · last filed 990-N for 2025
- TRENTON ANGELS EIN 85-3456647 · last filed 990-N for 2025
- HARLAN-LINCOLN HOUSE INC EIN 93-2194461 · last filed 990-N for 2025
- PRESERVE OAKLAND MILLS EIN 33-1669308 · last filed 990-N for 2025
- RED FLAG MOTOR TOURS EIN 30-0862652 · last filed 990-N for 2025
- HISTORIC SECOND BAPTIST CHURCH INC EIN 39-5049563 · last filed 990-N for 2025
All nonprofits in MT PLEASANT · Iowa · Arts, culture and humanities