Civic Intelligence

Nowthen Historical Power Association

EIN 23-7348069 • 501(c)3 • Rogers, MN

Profile

The mission of Nowthen Historical Power Association is to educate the general public on the value of the history of farming, farm life and rural events. We also are focused on the preservation of historical buildings, equipment and customs.

PO Box 43Rogers, MN 55374

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,609,078

Up $83,883 (+5.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$1,609,078

Up $83,883 (+5.5%) from 2022

Revenue

Up

$166,716

Up $6,302 (+3.9%) from 2022

Expenses

Down

$123,359

Down $7,722 (-5.9%) from 2022

Net Income

Up

$43,357

Up $14,024 (+48%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,457,186Liabilities 2016: $0Net Assets 2016: $1,457,1862016Assets 2017: $1,484,672Liabilities 2017: $0Net Assets 2017: $1,484,6722017Assets 2018: $1,474,253Liabilities 2018: $0Net Assets 2018: $1,474,2532018Assets 2019: $1,487,622Liabilities 2019: $0Net Assets 2019: $1,487,6222019Assets 2020: $1,498,294Liabilities 2020: $0Net Assets 2020: $1,498,2942020Assets 2021: $1,569,585Liabilities 2021: $0Net Assets 2021: $1,569,5852021Assets 2022: $1,525,195Liabilities 2022: $0Net Assets 2022: $1,525,1952022Assets 2023: $1,609,078Liabilities 2023: $0Net Assets 2023: $1,609,0782023

Highlighted filing

2023

Assets$1,609,078
Liabilities$0
Net Assets$1,609,078

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2016: $105,379Expenses 2016: $123,250Net Income 2016: -$17,8712016Revenue 2017: $139,414Expenses 2017: $123,237Net Income 2017: $16,1772017Revenue 2018: $123,043Expenses 2018: $125,030Net Income 2018: -$1,9872018Revenue 2019: $121,065Expenses 2019: $132,827Net Income 2019: -$11,7622019Revenue 2020: $26,493Expenses 2020: $54,067Net Income 2020: -$27,5742020Revenue 2021: $145,212Expenses 2021: $100,468Net Income 2021: $44,7442021Revenue 2022: $160,414Expenses 2022: $131,081Net Income 2022: $29,3332022Revenue 2023: $166,716Expenses 2023: $123,359Net Income 2023: $43,3572023

Highlighted filing

2023

Revenue$166,716
Expenses$123,359
Net Income$43,357

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$177,127
Mission and Program Overview

Mission

The mission of nowthen historical power association is to educate the general public on the value of the history of farming, farm life and rural events. We also are focused on the preservation of historical buildings, equipment and customs.

Educate the general public on the value of the history of farming, farm life and rural events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,525,195$1,609,078▲ $83,883
Land, Buildings, and Equipment, Net$1,018,776$1,027,776▲ $9,000
Investments in Publicly Traded Securities$360,632$407,559▲ $46,927
Savings and Temporary Cash Investments$145,787$173,743▲ $27,956
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,525,195$1,609,078▲ $83,883
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,525,195$1,609,078▲ $83,883
Total Liabilities and Net Assets / Fund Balance$1,525,195$1,609,078▲ $83,883

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$985,783-$985,783
Equipment$35,106-$35,106
Land$6,887-$6,887
Compensation and Service Providers

Board Members and Trustees

NameTitle
John WetterPresident
Joe TalbotVice President
Andrew HaberleDirector
Anne ZimmermanDirector
Cheri HaberleDirector
Dave GranlundDirector
George YoungDirector
Jesse YoungDirector
Lynn YoungSecretary
Paul WetterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,978
Program Service Revenue
$149,258
Investment Income
$10,160
Other Revenue
$5,320
Change in Net Assets
$43,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$20,677$5,139-$25,816
Advertising$19,065--$19,065
Insurance-$15,800-$15,800
Fees for Services Accounting-$8,931-$8,931
Fees for Service Investment Mgmnt Fees-$3,751-$3,751
Other Expenses$1,666--$1,666
All Other Expenses$413$881-$1,294
Total Functional Expenses$88,857$34,502$0$123,359
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Andrew haberle and cheri haberle - family relationship, john wetter andanne zimmerman - family relationship, george young and lynn young - familyrelationshipmembership in the organization is open to any adult having interest in theobjectives of the organization.members elect the board of directors annually.the organization did not have any committees with authority to act onbehalf of the board of directors during the year covered by this return.the form 990 is prepared by an independent public accounting firm usinginformation provided by the organization. Once a draft of the return isready, it is provided to the board prior to a board meeting. It is thenreviewed at the meeting and a motion is made to approve/reject the 990.the organization did not compensate any officers and does not have anyemployees.the organization makes its governing documents, conflict of interestpolicy, and financial statements available upon request.

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Form 990 Part VI Section A Line 2

Andrew Haberle and Cheri Haberle - Family relationship, John Wetter and Anne Zimmerman and Paul Wetter - Family relationship, George Young, Jesse Young and Lynn Young - Family relationship

Form 990 Part VI Section A Line 6

Membership in the organization is open to any adult having interest in the objectives of the organization.

Form 990 Part VI Section A Line 7A

Members elect the board of directors annually.

Form 990 Part VI Section A Line 8B

The organization did not have any committees with authority to act on behalf of the board of directors during the year covered by this return.

Form 990 Part VI Section B Line 11B

The form 990is prepared by an independent public accounting firm using information provided by the organization. Once a draft of the return is ready, it is provided to the board prior to a board meeting. It is then reviewed at the meeting and a motion is made to approve or reject the 990.

Form 990 Part VI Section B Line 15

The organization did not compensate any officers and does not have any employees.

Form 990 Part VI Section C Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Nowthen Historical Power Association
EIN
23-7348069
Phone
9522535774
Address
PO Box 43, Rogers, MN 55374

Signing Officer

Name
John Wetter
Title
President
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wetter
Formed
1975
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
350

Preparer

Firm
Haworth & Company LTD
Address
11232 86th Ave N, Maple Grove, MN 55369
Preparer
Brett Meyer
Phone
7634252185
Supplemental Narrative

Financial Statement Notes

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

Part III Line 4. The organization preserves buildings and antique farming equipment to be displayed at the annual threshing show to demonstrate farming and life in rural areas as it was many years ago.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Part III Line 4. The organization preserves buildings and antique farming equipment to be displayed at the annual threshing show to demonstrate farming and life in rural areas as it was many years ago.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 4: Description of organization's collections and how it furthers its purpose.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANDREW HABERLE AND CHERI HABERLE - FAMILY RELATIONSHIP, JOHN WETTER ANDANNE ZIMMERMAN - FAMILY RELATIONSHIP, GEORGE YOUNG AND LYNN YOUNG - FAMILYRELATIONSHIPMEMBERSHIP IN THE ORGANIZATION IS OPEN TO ANY ADULT HAVING INTEREST IN THEOBJECTIVES OF THE ORGANIZATION.MEMBERS ELECT THE BOARD OF DIRECTORS ANNUALLY.THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ONBEHALF OF THE BOARD OF DIRECTORS DURING THE YEAR COVERED BY THIS RETURN.THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM USINGINFORMATION PROVIDED BY THE ORGANIZATION. ONCE A DRAFT OF THE RETURN ISREADY, IT IS PROVIDED TO THE BOARD PRIOR TO A BOARD MEETING. IT IS THENREVIEWED AT THE MEETING AND A MOTION IS MADE TO APPROVE/REJECT THE 990.THE ORGANIZATION DID NOT COMPENSATE ANY OFFICERS AND DOES NOT HAVE ANYEMPLOYEES.THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERESTPOLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Andrew Haberle and Cheri Haberle - Family relationship, John Wetter and Anne Zimmerman and Paul Wetter - Family relationship, George Young, Jesse Young and Lynn Young - Family relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Membership in the organization is open to any adult having interest in the objectives of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Members elect the board of directors annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization did not have any committees with authority to act on behalf of the board of directors during the year covered by this return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The form 990is prepared by an independent public accounting firm using information provided by the organization. Once a draft of the return is ready, it is provided to the board prior to a board meeting. It is then reviewed at the meeting and a motion is made to approve or reject the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The organization did not compensate any officers and does not have any employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19

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