Overview
What is Prairie Meadows Race Track And Casino Inc?
Prairie Meadows Race Track and Casino Inc, based in Altoona, Iowa, is a nonprofit organization consisting of local government, civic, and business representatives. Their primary mission is to promote social welfare and economic development in central Iowa. Operating a race track, casino, and related facilities, they distribute their profits as required by the Iowa Code to various educational, civic, public, charitable, and religious causes. In 2022, $11.7 million was given to Polk County, $5.1 million to the City of Des Moines, and $9.9 million to local school districts and organizations like the Greater Des Moines Partnership. The organization is not for profit and is exclusively dedicated to enhancing the social welfare and economic development of central Iowa in collaboration with the local community and government.
Official website here: www.prairiemeadows.com
Is Prairie Meadows Race Track And Casino Inc legitimate?
Prairie Meadows Race Track And Casino Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Prairie Meadows Race Track And Casino Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,218,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,328,982
For more financial information, click here
Official website here: www.prairiemeadows.com
What is the mission statement of Prairie Meadows Race Track And Casino Inc?
Prairie Meadows Race Track and Casino Inc operates exclusively for the promotion of social welfare and economic development, as outlined in the Internal Revenue Code Section 501(c)(4). The organization's mission extends beyond generating profits, instead focusing on providing a source of recreation for the community and making a positive economic impact in close collaboration with local government. In accordance with the Iowa Code Section 99F.6(4)(A), Prairie Meadows distributes its profits for uses including education, civic, public, charitable, patriotic, and religious purposes.
Official website here: www.prairiemeadows.com
Who is the CEO of Prairie Meadows Race Track And Casino Inc?
Elaine Castelline is the Chairman (Start 11/22) of Prairie Meadows Race Track And Casino Inc. The CEO's salary of Prairie Meadows Race Track And Casino Inc is $1,515,875 and their total compensation is $1,569,394.
Official website here: www.prairiemeadows.com
What is the revenue of Prairie Meadows Race Track And Casino Inc?
Prairie Meadows Race Track And Casino Inc's revenue in 2022 was $2,499,338,526.
Official website here: www.prairiemeadows.com
Who are the executives of Prairie Meadows Race Track And Casino Inc and what are their salaries?
The average compensation at Prairie Meadows Race Track And Casino Inc during 2022 was $30,586. There are 1,293 employees and 17 volunteers at Prairie Meadows Race Track And Casino Inc.
Here are 26 key members and their salaries (Prairie Meadows Race Track And Casino Inc's CEO's salary is $1,515,875 and their total compensation is $1,569,394):
- Palmer Gary E (President, Ceo)
- Atkin Ann M (Sr Vp-Chief Operating Officer)
- Rhines Bradley Christopher (Executive Vice President)
- Wilkie Michele (Sr Vp Of Administration, Cao)
- Castelline Elaine M (Vp Of Finance, Cfo)
- Llambias Edward John Paul (Vp Of Casino Ops)
- Pursley Clinton W (Vp Of Security)
- Heldt Derron D (Vp Of Racing)
- Stewart Julie (Vp Of Business Development)
- Guzman Antonio S (Director Of It)
- Albaugh Dennis (Chairman (Start 11/22)) [Trustee/Director]
- Chittenden Bob (Board Member (End 11/22)) [Trustee/Director]
- Costa Chris (Board Member (Start 11/22)) [Trustee/Director]
- Grandquist Linda (Board Member) [Trustee/Director]
- Homan Danny (Board Member) [Trustee/Director]
- Lin Dr Ian (Board Member (Start 11/22)) [Trustee/Director]
- Marasco Frank (Board Member) [Trustee/Director]
- Martin Marty (Board Member) [Trustee/Director]
- Mauro John (Board Member (Start 11/22)) [Trustee/Director]
- Neugent Gerry (Immediate Past Chair (End 11/22)) [Trustee/Director]
- Neville Dr Steven (Secretary) [Trustee/Director]
- O'Hollearn Bob (Board Member) [Trustee/Director]
- Radia Suku (Chairman (End 11/22)) [Trustee/Director]
- Sagar Ken (Board Member) [Trustee/Director]
- Simon Mary (Vice Chair (Start 11/22)) [Trustee/Director]
- Voss Susan (Board Member) [Trustee/Director]
Official website here: www.prairiemeadows.com
Where can I find the form 990 for Prairie Meadows Race Track And Casino Inc?
The Prairie Meadows Race Track And Casino Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.prairiemeadows.com
Learn more at the official website: www.prairiemeadows.com
Mission Statement of Prairie Meadows Race Track And Casino Inc
Prairie Meadows Race Track and Casino Inc is a non-profit organization dedicated to the promotion of social welfare and economic development in central Iowa. Established in accordance with Internal Revenue Code Section 501(c)(4), this entity does not operate for profit but exists solely to contribute to the betterment of the community.
According to their mission statement, Prairie Meadows Race Track and Casino focuses on providing a source of recreation for the public and fostering a positive economic impact on central Iowa. In pursuance of these objectives, they collaborate closely with the citizens and local government in the area. As per the Iowa Code Section 99F.6(4)(A), the organization distributes its profits to various causes that align with the definitions outlined in Section 99B.7(3)(B) of the Iowa Code. These categories include but are not limited to, education, civic, public, charitable, patriotic, and religious endeavors.
Prairie Meadows Race Track and Casino Inc's mission is twofold. By offering recreational opportunities to the public, they contribute to the overall wellbeing and entertainment of the community. This aspect of their work fosters social connections and creates a vibrant community environment. Additionally, through the distribution of their profits for various social welfare and economic development purposes, they address the needs of the community in a meaningful and sustainable manner. This holistic approach to community development makes Prairie Meadows Race Track and Casino a valuable asset to central Iowa.
Impact
This information is meant to be a general summary of Prairie Meadows Race Track And Casino Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Prairie Meadows Race Track And Casino Inc has a significant impact on central Iowa by promoting social welfare and economic development. Through its operation of a race track and casino, Prairie Meadows provides a source of recreation for the community and contributes positively to the local economy. The organization distributes its profits to various entities, including Polk County, the City of Des Moines, and organizations such as the Polk County School Districts and the Greater Des Moines Partnership. This distribution of profits supports educational, civic, public, charitable, patriotic, and religious causes, further benefiting the community. In 2022 alone, Prairie Meadows distributed millions of dollars to these various entities, demonstrating its commitment to enhancing the well-being of central Iowa.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Casino & Hotel
Revenue
$2,415,367,531
Pari-Mutuel Revenue
Revenue
$52,227,168
Food & Beverage
Revenue
$16,699,007
Sportsbook
Revenue
$11,890,498
Gift Shop
Revenue
$386,684
Organization Details
Founding Year
1984
Phone
(515) 967-1000
Principal Officer
Elaine Castelline
Main Address
PO Box 1000, Altoona, IA, 50009
Website
www.prairiemeadows.com
NTEE Category
Code: N50 - Recreation
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