Kossuth County Agricultural & Motor Sports Museum
Nonprofit profile at a glance
- EIN
- 270614976
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025, Form 990-N 2010
- Location
- Algona, IA, USA
- Phone
- 5153951200
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $24,748
- Expenses
- $117,884
- Assets
- $1,162,091
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- RICK KLEIN (PRESIDENT)
People named in this filing
- JAMES BLACK (TREASURER)
- BRIAN ELLMAN (DIRECTOR)
- RICHARD ERPELDING (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Kossuth county agricultural and motor sports museum has constructed and operates an agricultural, motor sports, and model train museum. Agriculture has impacted everyone in kossuth county. That impact is part of our history and our future. Agriculture has changed dramatically over the past and will continue to change for our future. Agriculture is a component of everyone's employment in kossuth county and can continue to play that role for our future. It is for these reasons and many, many more why this museum is needed for education, remembering our agriculture history, and for preparing future careers in agriculture. Motor sports is part of many kossuth county residents' "way of life" for their entertainment and enjoyment. This activity has been a financial stimulus for many businesses within kossuth county. Recognizing and remembering this county tradition will be rewarding for many and educating for all. The arlen benschoter model train collection is a treasure. This large, working
What it reported doing in 2025
Kossuth county agricultural and motor sports museum has constructed and operates an agricultural, motor sports, and model train museum. Agriculture has impacted everyone in kossuth county. That impact is part of our history and our future. Agriculture has changed dramatically over the past and will continue to change for our future. Agriculture is a component of everyone's employment in kossuth county and can continue to play that role for our future. It is for these reasons and many, many more why this museum is needed for education, remembering our agriculture history, and for preparing future careers in agriculture. Motor sports is part of many kossuth county residents' "way of life" for their entertainment and enjoyment. This activity has been a financial stimulus for many businesses within kossuth county. Recognizing and remembering this county tradition will be rewarding for many and educating for all. The arlen benschoter model train collection is a treasure. This large, working scale model "o" gauge train should be enjoyed by all area residents and visitors. Mr. Benschoter is pleased to have his life's collection entertain museum visitors. The benefits of the museum will be education, entertainment, and recognition. In addition, this museum will coordinate and cooperate with other county attractions to promote family entertainment opportunities and tourism visits to this museum and other attractions. This museum attraction can bring a financial benefit to many.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 57% for direct work, and 43% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 94
- Accountability: 64
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.8%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -376.3%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 9.86; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 32.4% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: -4% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.8% of spending went to programs
- Governance: 13 of 13 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $117K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.