Prairie Meadows Race Track & Casino Inc

Altoona, IA   |  www.prairiemeadows.com

Mission

See Schedule OPursuant 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 in conjunction with the citizens and local government in the area. 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.

Ruling year info

1989

Principal Officer

Elaine Castelline

Main address

PO Box 1000

Altoona, IA 50009 United States

EIN

42-1244913

NTEE code info

Professional Societies, Associations (N03)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2019, 2018 and 2017.
Register now

Is this your nonprofit?

Login and update Why claim your profile? Learn about benefits

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Login and update

Our programs

SOURCE: IRS Form 990

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Prairie Meadows Race Track and Casino, Inc. (PMRC) is a not-for-profit corporation whose members consist of government, civic and business representatives in central Iowa and which operates a race track, casino and related facilities in furtherance of its mission to promote social welfare. As a not-for-profit corporation, and pursuant to section 99F.6(4)(A) of the Iowa Code, PMRC is required to distribute its profits for "educational, civic, public, charitable, patriotic, or religious" uses as defined in Section 99B.7(3) (B) of the Iowa Code. Accordingly, PMRC's profits have been distributed as required by Iowa Code. See Continuation on Schedule OIn 2019, $10.4 million of PMRC's profits were distributed to Polk County, approximately $4.5 million to the City of Des Moines, and approximately $7.1 million were distributed to organizations such as the Polk County School Districts (approximately $944,000), City of West Des Moines ($600,000), ChildServe Foundation ($500,000), Easter Seals Society of Iowa ($400,000), and the Greater Des Moines Partnership ($330,000).

Expenses
$2,307,781,281
Revenue
$2,338,789,019

Where we work

This profile needs more info.

If it is your nonprofit, add geographic service areas to create a map on your profile.

Login and update

Financials

Prairie Meadows Race Track & Casino Inc
lock

Unlock financial insights by subscribing to our monthly plan.

Subscribe

Unlock nonprofit financial insights that will help you make more informed decisions. Try our monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights?
Learn more about GuideStar Pro.

Operations

The people, governance practices, and partners that make the organization tick.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

This organization has no recorded board members.