Old Threshers Foundation Inc
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.
Old Threshers Foundation Inc at a glance
In short: Old Threshers Foundation Inc gave $177K across 1 grant in 2025 (avg $177K), mostly in Iowa. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $176,720
- -8.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $176,720
- -8.3% vs 2024
- Median grant
- $176,720
- Total assets
- $4,693,977
- +12.9% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Old Threshers Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Midwest Old Settlers & Thresh ($177K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Old Threshers Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $173K (2023) to $502K (2021). In 2025 it made 1 grant totaling $177K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Midwest Old Settlers & Thresh Mount Pleasant, IA | See Part IV | $176,720 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,693,977 | $144,119 | $237,607 | $176,720 | 1 | $71,174 |
| 2024 | $4,158,274 | $254,695 | $252,248 | $192,681 | 1 | $164,351 |
| 2023 | $3,525,019 | $207,351 | $229,387 | $172,985 | 1 | $95,897 |
| 2022 | $3,496,162 | $383,360 | $278,175 | $182,279 | 1 | $206,726 |
| 2021 | $4,022,195 | $1,940,975 | $565,690 | $501,910 | 1 | $1,729,336 |
| 2020 | $2,634,737 | $309,633 | $267,670 | $236,189 | 1 | $64,461 |
About Old Threshers Foundation Inc
Based on IRS filings
Old Threshers Foundation Inc is a public charity focused on Academics, based in Mt Pleasant, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 1 grant totaling $177K. Net investment income was $71K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Old Threshers Foundation Inc is led by Todd Mabeus, President on every filing since 2020; 1 of 15 officers listed in 2025 is compensated.
Officers on the 2025 filing
Todd Mabeus
President
On filings since 2020
1 hr/week
No compensation reported
Barry Tuller
Director
On filings since 2020
1 hr/week
No compensation reported
Jan Johnston
Director
On filings since 2020
1 hr/week
No compensation reported
John Garrels
Prior Director
Director → Prior Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Joyce Dennison
Prior Director
Director → Prior Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Mary Wettach
Director
On filings since 2020
1 hr/week
No compensation reported
Phil McMeins
Director
On filings since 2020
1 hr/week
No compensation reported
Rich Seberg
Director
On filings since 2020
1 hr/week
No compensation reported
Diane Davis
Director
On filings since 2023
1 hr/week
No compensation reported
Colin McCormick
Director
On filings since 2024
1 hr/week
No compensation reported
Josie Thomas
Director
New on the 2025 filing
1 hr/week
No compensation reported
Rachel Lindeen
Director
New on the 2025 filing
1 hr/week
No compensation reported
Melinda Huisinga
Secretary
Secretary → Executive Di, 2022
Executive Di → Secretary, 2025
On filings since 2020
10 hrs/week
$12K (2024) → $12K (2025)
Alan Elgar
Treasurer
Director → Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Jason Goody
Vice President
Treasurer → Vice President, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (10)
- Former: Mike Heaton (2022–2025) — Prior Director · Filing note: Resigned 052025
- Former: John Jensen (2020–2024) — Prior Vice P · Filing note: Retired 111123
- Former: Mike Barton (2020–2024) — Prior Director · Filing note: Resigned 111123
- Former: Greg Kinney (2020–2022) — Director
- Former: Jeff Sitar (2020–2022) — Director
- Former: Sharon Davis (2020–2022) — Director
- Former: Alan D. Huisinga (2020–2021) — Executive Di
- Former: Dean Hicks (2020–2021) — Director
- Former: Mike Heaton - Joined (2021) — Director
- Former: Stephen Pacha - Dod (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $12K, to Melinda Huisinga (Secretary).
Frequently asked questions about Old Threshers Foundation Inc
How much does Old Threshers Foundation Inc give each year?
Old Threshers Foundation Inc gave $177K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $193K across 1 grant.
How large is Old Threshers Foundation Inc?
Old Threshers Foundation Inc reported $4.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $144K.
What is Old Threshers Foundation Inc?
Old Threshers Foundation Inc is a public charity focused on Academics, based in Mt Pleasant, IA. It holds $4.7M in total assets as of 2025.
Where does Old Threshers Foundation Inc operate?
Old Threshers Foundation Inc has awarded grants in Iowa.
What is Old Threshers Foundation Inc's EIN?
Old Threshers Foundation Inc's EIN (Employer Identification Number) is 42-1272944. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 29, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 17, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 25, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 18, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 30, 2026)
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