Mission
OPERATION OF A CASINO GAMING FACILITY WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS TO LESSEN THE BURDEN OF GOVERNMENT AND PROMOTE SOCIAL WELFARE.
Public Charity
DUBUQUE RACING ASSOCIATION LTD
DUBUQUE RACING ASSOCIATION LTD is a Public Charity headquartered in DUBUQUE, IA. Financial data from the 2025 filing: $40.5M revenue, $45.4M expenses, $132.0M total assets. IRS filings disclose 795 grants awarded by this foundation, totaling roughly $37.3M.
EIN: 421235183
DUBUQUE, IA
Latest filing: 2025
Total Revenue$40.5M
Total Expenses$45.4M
Total Assets$132.0M
Grants Given795
Grant Total$37.3M
Filing Years2020–2025
Where $100 goes at Dubuque Racing Association Ltd
How Dubuque Racing Association Ltd divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$96
Programs
the work itself
$4
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $96 for programs
$68
Operation of a casino gaming facility with profits distributed to the city of Dubuque and local nonprofit organizations
$14
Sponsorship of a casino gambling operation with profits distributed to the city of Dubuque and local nonprofit organizations
$14
Operation of a hotel and restaurant facility adjacent to association's casino
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to Dubuque Racing Association Ltd
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
SCHMITT ISLAND FUND
$2,567,428
CITY OF DUBUQUE
CHARITABLE CONTRIBUTION SET ASIDE FOR THE CITY OF DUBUQUE
$1,258,831
WANDERWOOD GARDENS
$50,000
BRIGHT MINDS CAMPUS CHILDCARE AND TRAINING CENTER
$46,963
SAVE OUR SERVICE (SOS) FOR ECONOMIC PROSPERITY
$40,000
Showing up to 5 of 795 total records — full history available with membership.
Officers & Directors
CEO & PRESIDENT (1/1-1/13/25)
Alex Dixon
CEO & PRESIDENT (7/1- 12/31/25)
Anthony Williams
MEMBER
Barbara O'hea
MEMBER
Brad Cavanagh
CFO & COO
Brian Rakestraw
MEMBER AT LARGE
Chad Wolbers
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $40.5M | $45.4M | $132.0M |
| 2024 | $35.3M | $40.9M | $93.8M |
| 2023 | $42.4M | $38.5M | $72.3M |
| 2022 | $43.3M | $37.0M | $63.0M |
| 2020 | $29.1M | $28.4M | $56.5M |
Between 2020 and 2025, reported annual revenue grew from $29.1M to $40.5M (+39%), with total assets most recently reported at $132.0M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in CO, DC, IA, IL, IN, OK, and 3 other states.
CODCIAILINOKTNVAWI
Full geographic grant map with state-by-state breakdown available with membership.