Civic Intelligence

Western Minnesota Steam Threshers

EIN 23-7418831 • 501(c)3 • Hawley, MN

Profile

Western minnesota steam threshers reunion, inc. Is organized for the purpose of: a. Providing an opportunity for persons to annually gather to renew friendships, relive the past of the northern plains and honor the pioneers who settled this region; b. Acquiring, preserving and restoring antique items from this region for the purpose of demonstrating their use; and c. Providing a setting for people to perform the activities, crafts, and music of the pioneer days.

PO Box 627Hawley, MN 56549

www.rollag.com

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

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

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

54th percentile

6.4%

Higher net margin than 54% of similar nonprofits.

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

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

40th percentile

0.7%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

51st percentile

7.7%

Faster revenue growth than 51% of similar nonprofits.

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

Assets

Up

$3,073,334

Up $20,181 (+0.7%) from 2021

Liabilities

Down

$68,431

Down $23,117 (-25%) from 2021

Net Assets

Up

$3,004,903

Up $43,298 (+1.5%) from 2021

Revenue

Up

$681,401

Up $48,499 (+7.7%) from 2021

Expenses

Up

$638,103

Up $177,907 (+39%) from 2021

Net Income

Down

$43,298

Down $129,408 (-75%) from 2021

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $2,476,187Liabilities 2015: $24,922Net Assets 2015: $2,451,2652015Assets 2016: $2,524,257Liabilities 2016: $0Net Assets 2016: $2,524,2572016Assets 2017: $2,584,934Liabilities 2017: $0Net Assets 2017: $2,584,9342017Assets 2018: $2,625,356Liabilities 2018: $0Net Assets 2018: $2,625,3562018Assets 2019: $2,905,484Liabilities 2019: $14,832Net Assets 2019: $2,890,6522019Assets 2020: $2,909,194Liabilities 2020: $100,000Net Assets 2020: $2,809,1942020Assets 2021: $3,053,153Liabilities 2021: $91,548Net Assets 2021: $2,961,6052021Assets 2022: $3,073,334Liabilities 2022: $68,431Net Assets 2022: $3,004,9032022

Highlighted filing

2022

Assets$3,073,334
Liabilities$68,431
Net Assets$3,004,903

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $499,310Expenses 2015: $393,651Net Income 2015: $105,6592015Revenue 2016: $481,747Expenses 2016: $408,755Net Income 2016: $72,9922016Revenue 2017: $456,835Expenses 2017: $396,158Net Income 2017: $60,6772017Revenue 2018: $499,936Expenses 2018: $459,514Net Income 2018: $40,4222018Revenue 2019: $1,165,488Expenses 2019: $857,770Net Income 2019: $307,7182019Revenue 2020: $160,476Expenses 2020: $241,934Net Income 2020: -$81,4582020Revenue 2021: $632,902Expenses 2021: $460,196Net Income 2021: $172,7062021Revenue 2022: $681,401Expenses 2022: $638,103Net Income 2022: $43,2982022

Highlighted filing

2022

Revenue$681,401
Expenses$638,103
Net Income$43,298

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$934,943
Mission and Program Overview

Mission

NONE

Agricultural exhibit-educational, histroy and culture

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,381,405$1,318,855▼ $62,550
Savings and Temporary Cash Investments$103,841$369,211▲ $265,370
Inventories for Sale or Use$54,257$69,237▲ $14,980
Cash and Non-Interest-Bearing Accounts$280,954$59,658▼ $221,296
Prepaid Expenses and Deferred Charges$23,516$19,724▼ $3,792
Total Assets$3,053,153$3,073,334▲ $20,181
Other Assets Total$1,209,180$1,236,649▲ $27,469
Liabilities
Other Liabilities$65,799$65,799→ $0
Accounts Payable and Accrued Expenses$25,749$2,632▼ $23,117
Total Liabilities$91,548$68,431▼ $23,117
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,951,148$2,994,446▲ $43,298
Net Assets With Donor Restrictions$10,457$10,457→ $0
Total Net Assets Fund Balance$2,961,605$3,004,903▲ $43,298
Total Liabilities and Net Assets / Fund Balance$3,053,153$3,073,334▲ $20,181

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$865,990$1,375,448$2,241,438
Land$437,850-$437,850
Equipment$15,015$216,839$231,854
Other Assets Org$27,469--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Duane HalvorsrudPresident
Andrew MeyerDirector
Andrew NelsonDirector
Andy MaundtDirector
Craig MattsonDirector
John Louie LarsonDirector
Kerry BrissDirector
Ray WanglerDirector
Todd HintzDirector
Tracy GriffisDirector
Don ThielSecretary
Roxanne MorkenTreasurer
Shelly DillonTreasurer
Roger MeyerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$36,756
Program Service Revenue
$418,846
Investment Income
$693
Other Revenue
$225,106
All Other Contributions
$36,756
Change in Net Assets
$43,298

Audited Revenue Reconciliation

Revenue per Audited Statements
$681,401
Total Revenue per Audited Statements
$681,401
Total Revenue per Form 990
$681,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$638,103
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$209,405--$209,405
Depreciation Depletion$62,550--$62,550
Advertising-$36,436-$36,436
Insurance-$30,688-$30,688
Office Expenses-$24,356-$24,356
Fees for Services Other$24,039--$24,039
Other Expenses$13,767$3,524-$17,291
Fees for Services Accounting-$9,150-$9,150
Information Technology$2,542$3,996-$6,538
Conferences and Meetings-$3,103-$3,103
Interest$2,768--$2,768
Total Functional Expenses$526,850$111,253$0$638,103

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$638,103
Total Expenses per Audited Statements$638,103
Total Expenses per Form 990$638,103
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contract for Deed$65,799
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members.

Form 990, Page 6, Part VI, Line 7A

Members elect the directors

Form 990, Page 6, Part VI, Line 11B

An all day board of directors meeting is held each year. Along with other business, the completed form 990 exempt organization income tax return is reviewed.

Form 990, Page 6, Part VI, Line 19

The governing documents and financial statements are kept at the general offices of western minnesota steam threshers reunion and are available for inspection by the general public upon request.

Filing and Contact Details

Filer

Filer Name
Western Minnesota Steam Threshers
EIN
23-7418831
Phone
2189375316
Address
PO BOX 627, HAWLEY, MN 56549

Signing Officer

Name
Roxanne Morken
Title
Treasurer
Phone
2189375316
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duane Halvorsrud
Formed
1960
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Carlsonsv Llp
Address
2450 COLLEGE WAY, FERGUS FALLS, MN 56537
Preparer
Matt Guyer CPA
Phone
2187393267
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Western minnesota steam threshers reunion, inc. Is organized for the purpose of: a. Providing an opportunity for persons to annually gather to renew friendships, relive the past of the northern plains and honor the pioneers who settled this region; b. Acquiring, preserving and restoring antique items from this region for the purpose of demonstrating their use; and c. Providing a setting for people to perform the activities, crafts, and music of the pioneer days.

Form 990, Page 1, Part I, Line 6

300 members and volunteers

Form 990, Page 2, Part III, Line 4B

Educational opportunities: university of rollag steam school is held fathers day weekend each year at steamer hill. It is a two-day course designed to provide the fundamental training, both hands on, and classroom to prepare new (or not so new) steam enthusiasts to be safe operators, and provide important information to aid them in preparation for their mn hobby boilers exam. During the course, you will learn the key points to safely operate a steam engine, and also learn the history and inner workings of the engines. In addition, there are hands-on sessions each day with our veteran operators to answer questions and provide some time on an engine to learn how they work. Students have the ability to practice on the prony brake, run an obstacle course and get up close and personal with the engines. While the course does not satisfy all the mn state requirements to take your test, it is a solid foundation on which to build your knowledge from. Wmstr is the only training approved by the state of minnesota not provided by a state- run entity

Financial Statement Notes

Schedule D, Page 3, Part X

Income tax status the organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code and similar state provisions, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/MissionDesc0WESTERN MINNESOTA STEAM THRESHERS REUNION, INC. IS ORGANIZED FOR THE PURPOSE OF: A. PROVIDING AN OPPORTUNITY FOR PERSONS TO ANNUALLY GATHER TO RENEW FRIENDSHIPS, RELIVE THE PAST OF THE NORTHERN PLAINS AND HONOR THE PIONEERS WHO SETTLED THIS REGION; B. ACQUIRING, PRESERVING AND RESTORING ANTIQUE ITEMS FROM THIS REGION FOR THE PURPOSE OF DEMONSTRATING THEIR USE; AND C. PROVIDING A SETTING FOR PEOPLE TO PERFORM THE ACTIVITIES, CRAFTS, AND MUSIC OF THE PIONEER DAYS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL OPPORTUNITIES: UNIVERSITY OF ROLLAG STEAM SCHOOL IS HELD FATHERS DAY WEEKEND EACH YEAR AT STEAMER HILL. IT IS A TWO-DAY COURSE DESIGNED TO PROVIDE THE FUNDAMENTAL TRAINING, BOTH HANDS ON, AND CLASSROOM TO PREPARE NEW (OR NOT SO NEW) STEAM ENTHUSIASTS TO BE SAFE OPERATORS, AND PROVIDE IMPORTANT INFORMATION TO AID THEM IN PREPARATION FOR THEIR MN HOBBY BOILERS EXAM. DURING THE COURSE, YOU WILL LEARN THE KEY POINTS TO SAFELY OPERATE A STEAM ENGINE, AND ALSO LEARN THE HISTORY AND INNER WORKINGS OF THE ENGINES. IN ADDITION, THERE ARE HANDS-ON SESSIONS EACH DAY WITH OUR VETERAN OPERATORS TO ANSWER QUESTIONS AND PROVIDE SOME TIME ON AN ENGINE TO LEARN HOW THEY WORK. STUDENTS HAVE THE ABILITY TO PRACTICE ON THE PRONY BRAKE, RUN AN OBSTACLE COURSE AND GET UP CLOSE AND PERSONAL WITH THE ENGINES. WHILE THE COURSE DOES NOT SATISFY ALL THE MN STATE REQUIREMENTS TO TAKE YOUR TEST, IT IS A SOLID FOUNDATION ON WHICH TO BUILD YOUR KNOWLEDGE FROM. WMSTR IS THE ONLY TRAINING APPROVED BY THE STATE OF MINNESOTA NOT PROVIDED BY A STATE- RUN ENTITY
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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATIONAL OPPORTUNITIES: ROLLAGOLOGY SATURDAY AND SUNDAY MORNING 4-HOUR CLASSES 1. PRAIRIE TRACTORS, GIANTS PRE-1920 2. MACHINE SHOP OPERATIONS 3. DRAFT HORSES AND HORSEPOWER AREA ACTIVITIES THIS IS A LIST OF THE SATURDAY AFTERNOON 2-HOUR CLASSES: 1. SAFE HAND CRANKING INTERNAL COMBUSTION ENGINES 2. ICE CREAM MAKING AND SCOOPING 3. DRILL BIT SHARPENING
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAX STATUS THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WESTERN MINNESOTA STEAM THRESHERS REUNION, INC. IS ORGANIZED FOR THE PURPOSE OF: A. PROVIDING AN OPPORTUNITY FOR PERSONS TO ANNUALLY GATHER TO RENEW FRIENDSHIPS, RELIVE THE PAST OF THE NORTHERN PLAINS AND HONOR THE PIONEERS WHO SETTLED THIS REGION; B. ACQUIRING, PRESERVING AND RESTORING ANTIQUE ITEMS FROM THIS REGION FOR THE PURPOSE OF DEMONSTRATING THEIR USE; AND C. PROVIDING A SETTING FOR PEOPLE TO PERFORM THE ACTIVITIES, CRAFTS, AND MUSIC OF THE PIONEER DAYS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1300 MEMBERS AND VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EDUCATIONAL OPPORTUNITIES: UNIVERSITY OF ROLLAG STEAM SCHOOL IS HELD FATHERS DAY WEEKEND EACH YEAR AT STEAMER HILL. IT IS A TWO-DAY COURSE DESIGNED TO PROVIDE THE FUNDAMENTAL TRAINING, BOTH HANDS ON, AND CLASSROOM TO PREPARE NEW (OR NOT SO NEW) STEAM ENTHUSIASTS TO BE SAFE OPERATORS, AND PROVIDE IMPORTANT INFORMATION TO AID THEM IN PREPARATION FOR THEIR MN HOBBY BOILERS EXAM. DURING THE COURSE, YOU WILL LEARN THE KEY POINTS TO SAFELY OPERATE A STEAM ENGINE, AND ALSO LEARN THE HISTORY AND INNER WORKINGS OF THE ENGINES. IN ADDITION, THERE ARE HANDS-ON SESSIONS EACH DAY WITH OUR VETERAN OPERATORS TO ANSWER QUESTIONS AND PROVIDE SOME TIME ON AN ENGINE TO LEARN HOW THEY WORK. STUDENTS HAVE THE ABILITY TO PRACTICE ON THE PRONY BRAKE, RUN AN OBSTACLE COURSE AND GET UP CLOSE AND PERSONAL WITH THE ENGINES. WHILE THE COURSE DOES NOT SATISFY ALL THE MN STATE REQUIREMENTS TO TAKE YOUR TEST, IT IS A SOLID FOUNDATION ON WHICH TO BUILD YOUR KNOWLEDGE FROM. WMSTR IS THE ONLY TRAINING APPROVED BY THE STATE OF MINNESOTA NOT PROVIDED BY A STATE- RUN ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS ELECT THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AN ALL DAY BOARD OF DIRECTORS MEETING IS HELD EACH YEAR. ALONG WITH OTHER BUSINESS, THE COMPLETED FORM 990 EXEMPT ORGANIZATION INCOME TAX RETURN IS REVIEWED.

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