Forest City Threshers Association Inc
- Assets
- $361.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Litchfield, MN
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 41-1835332
Organization Overview
Forest City Threshers Association Inc is located in Litchfield, MN. The organization was established in 1996. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest City Threshers Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Forest City Threshers Association Inc generated $44.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $92.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SEE SCH O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Berg President | 3 | $0 | |
Dale Groskreutz Vice President | 3 | $0 | |
Laura Shoutz Secretary | 2 | $0 | |
Shelly Krantz Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,325 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,119 |
| Investment income | $24 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $28,614 |
| Other Revenue | $4,785 |
| Total Revenue | $44,867 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $335 |
| Occupancy, rent, utilities, and maintenance | $76,676 |
| Printing, publications, postage, and shipping | $960 |
| Other expenses | $14,804 |
| Total expenses | $92,775 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,398 |
| Other assets | $0 |
| Total assets | $361,140 |
| Total liabilities | $63,131 |
| Net assets or fund balances | $298,009 |