Public Charity

PRAIRIE MEADOWS RACE TRACK AND CASINO INC

PRAIRIE MEADOWS RACE TRACK AND CASINO INC is a Public Charity headquartered in ALTOONA, IA. Financial data from the 2024 filing: $2.5B revenue, $2.5B expenses, $327.6M total assets. 3 publicly reported grants to this organization, totaling roughly $315K, appear in IRS filings.

EIN: 421244913 ALTOONA, IA Latest filing: 2024
Total Revenue$2.5B
Total Expenses$2.5B
Total Assets$327.6M
Grant Records3
Funding Total$315K
Filing Years2019–2024

Mission

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 AND ECONOMIC DEVELOPMENT. THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT 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.

Where $100 goes at Prairie Meadows Race Track and Casino Inc

How Prairie Meadows Race Track and Casino Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$99 Programs the work itself
$1 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 $99 for programs

$99
Prairie Meadows Race Track and Casino, inc
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

FORMER OFFICER Atkin Ann M
VP OF FINANCE, CFO Castelline Elaine M
BOARD MEMBER (END 10/24) Copley Todd
BOARD MEMBER Costa Chris
BOARD MEMBER (START 11/24) Gorsche Jim
SECRETARY Grandquist Linda

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$314,645 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.5B $2.5B $327.6M
2023 $2.6B $2.6B $317.4M
2022 $2.5B $2.5B $290.5M
2020 $1.7B $1.7B $119.9M
2019 $2.3B $2.3B $125.9M

Between 2019 and 2024, reported annual revenue grew from $2.3B to $2.5B (+8%), with total assets most recently reported at $327.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for PRAIRIE MEADOWS RACE TRACK AND CASINO INC

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