Source of information about of non-profits and private foundations.

Prairie Meadows Race Track And Casino Inc (EIN: 42-1244913 )

Overview

Prairie Meadows Race Track And Casino Inc is was formed in 1984 in Altoona, IA. Organization is led by Gary Palmer, and had governing board consisting of 22 members. In 2015 this non-profit organization had 1739 employees.

Primary Exempt Statement

See schedule o.pursuant to internal revenue code section 501(c)(4), prairie meadows race track and casino is not organized for profit but is operated exclusively for the promotion of social welfare. the promotion of social welfare includes providing a source of recreation for the community, and providing a generally positive economic impact on central iowa. pursuant to section 99f.6(4)(a) of the iowa code, prairie meadows race track and casino is required to distribute and does distribute its profits for "educational, civic, public, charitable, patriotic, or religious" uses as defined in section 99b.7(3)(b) of the iowa code.
Prairie Meadows Race Track And Casino Inc is not IRS Exempt Organizations Select Check Database.
Organization has likely closed in 2015 or 2016.

Finances and Program Service Revenues

It had revenue of $2,148,267,236.00 and expenses $2,147,321,076.00 between January 2015 and December 2015 that year it had program service revenue of $2,147,980,000.00 and program service expenses $2,136,290,000.00 .

Prairie Meadows Race Track And Casino Inc started 2015 with $116,526,924.00 in assets, and finished it with $112,160,757.00

Revenue has not always exceeded expenses. Program service revenue have exceeded program service expenses for all of the reporting periods. While total assets of have grown in some years, it also had shrinked in other years.

More information available in detailed financial report for years 2010, 2011, 2012, 2013, 2014 and 2015
Tax Year Total Revenue Total Expenses Net Revenues Total Assets BOY Total Assets EOY Change in Assets
January 2010 - December 2010 $2,176,922,099.00 $2,185,288,986.00 -$8,366,887.00 $91,620,980.00 $88,909,510.00 -$2,711,470.00
January 2011 - December 2011 $2,195,991,986.00 $2,181,124,931.00 $14,867,055.00 $88,909,510.00 $108,771,436.00 $19,861,926.00
January 2012 - December 2012 $2,300,645,161.00 $2,289,074,426.00 $11,570,735.00 $108,771,436.00 $118,569,050.00 $9,797,614.00
January 2013 - December 2013 $2,171,910,429.00 $2,171,756,347.00 $154,082.00 $118,569,050.00 $118,029,004.00 -$540,046.00
January 2014 - December 2014 $2,105,745,020.00 $2,108,802,473.00 -$3,057,453.00 $118,029,004.00 $116,526,924.00 -$1,502,080.00
January 2015 - December 2015 $2,148,267,236.00 $2,147,321,076.00 $946,160.00 $116,526,924.00 $112,160,757.00 -$4,366,167.00

Governance

Prairie Meadows Race Track And Casino Inc has large board consisting of 22 members. The board members are Robert Myers as chairman, Jack Peters as past chair, Mark Hedberg as immediate vice-chair, Linda Grandquist as vice chair, R Michael Knapp as secretary, Mark Cooper as board director, Diana Ewing as board director, Ej Giovannetti as board director, Lisa Moody-tunks as board director, Kurt Rasmussen Start 1115 as board director, Paul Rogness as board director, John Rowen End 1115 as board director, Karen Novak Swalwell as board director, Martha Willits as board director, Gary Palmer as president/ceo, Ann Atkin as vp of operations/coo, Brian Wessels as vp finance/cfo, Hector Morales as director of table games, Clinton Pursley as director of security, Paul Johnson as director of slots, Elaine Castelline as director of accounting and Clay Willey as director of hospitality.
Tax Returns

More information on individual tax returns for 2010, 2011, 2012, 2013, 2014, 2015 year.

Web Presence

Prairie Meadows Race Track And Casino Inc maintains web site at http://www.prairiemeadows.com .

Address

Prairie Meadows Race Track And Casino Inc was located on 1 different addresses. Prairie Meadows Race Track And Casino Inc
PO Box 1000
Altoona, IA 50009

Business Officer

Year: 2010
Brian Wessels
Cfo
(515) 967-xxxx

Years: 2011, 2012, 2013, 2014 and 2015
Brian Wessels
Vp Of Finance/cfo
(515) 967-xxxx

Board of Directors

Governing board for each of tax years 2010, 2011, 2012, 2013, 2014, 2015 .

In tax year 2015 board of directors consisted of: