Form 990 for tax year 2024
Filed by PALO ALTO COUNTY GAMING DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $2,128,748
- Total expenses
- $2,397,503
- Contributions and grants received
- $2,010,885
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $117,863
- Other revenue
- $0
- Total assets, end of year
- $4,350,833
- Total liabilities, end of year
- $214,954
- Net assets or fund balances, end of year
- $4,135,879
- Program services expenses (Part IX)
- $2,372,419
- Management and general expenses
- $25,084
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,372,419
Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,010,885
-
3 · Investment income
total $117,863 · related or exempt $117,863
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $13,514 · management and general $13,514
-
10 · Payroll taxes
total $1,076 · management and general $1,076
-
11c · Fees: accounting
total $3,365 · management and general $3,365
-
12 · Advertising and promotion
total $62 · management and general $62
-
13 · Office expenses
total $13,490 · program services $13,490
-
16 · Occupancy
total $7,654 · program services $2,429 · management and general $5,225
-
19 · Conferences, conventions and meetings
total $1,842 · management and general $1,842
-
20 · Interest
total $58 · program services $58
-
22 · Depreciation, depletion and amortization
total $34 · program services $34
-
23 · Insurance
total $3,481 · program services $3,481
-
24a · Other expenses: GRANT PAYMENTS
total $1,868,590 · program services $1,868,590
-
24b · Other expenses: GRANTS/DONATIONS - RESERV
total $470,943 · program services $470,943
-
24c · Other expenses: GRANT DISTRIBUTION EXPENS
total $9,423 · program services $9,423
-
24d · Other expenses: BOARD EXPENSE
total $4,205 · program services $4,205
-
24e · All other expenses
total -$234 · program services -$234
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,220,286 · end of year $3,852,850
-
2 · Savings and temporary cash investments
beginning of year $297,132 · end of year $409,934
-
4 · Accounts receivable
beginning of year $67,972 · end of year $77,517
-
9 · Prepaid expenses and deferred charges
beginning of year $19,795 · end of year $10,532
-
10a · Land, buildings and equipment: cost or other basis
$48,112
-
10b · Land, buildings and equipment: accumulated depreciation
$48,112
-
10c · Land, buildings and equipment, net
beginning of year $3,850
-
17 · Accounts payable and accrued expenses
beginning of year $9,652 · end of year $12,588
-
18 · Grants payable
beginning of year $194,749 · end of year $202,366
-
27 · Net assets without donor restrictions
beginning of year $4,404,634 · end of year $4,135,879
Mission and programs · 2024
Mission
TO OPERATE EXCLUSIVELY FOR THE PURPOSES ENUMERATED IN THE IOWA GAMING COMMISSION ACT. TO PARTICIPATE IN ANY CHARITIBLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD OF DIRECTORS DETERMINES. TO ERECT OR MAINTAIN PUBLIC BUILDINGS OR WORKS, OR OTHERWISE LESSON THE BURDENS OF THE CITIES, COUNTIES AND STATE GOVERNMENT. TO PROVIDE FACILITIES DEDICATED EXCLUSIVELY FOR THE PROMOTION OF THE SOCIAL WELFARE OF THE COMMUNITIES AND OPEN TO ALL CITIZENS.
-
TO OPERATE EXCLUSIVELY FOR THE PURPOSE ENUMERATED IN THE IOWA GAMING COMMISSION ACT. TO PARTICIPATE IN ANY CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD DIRECTORS DETERMINES. TO ERECT OR MAINTAIN PUBLIC BUILDINGS OR WORKS, OR OTHERWISE LESSON THE BURDENS OF THE CITIES, COUNTIES AND STATE GOVERNMENT. TO PROVIDE FACILITIES DEDICATED EXCLUSIVELY FOR THE PROMOTION OF THE SOCIAL WELFARE OF THE COMMUNITIES AND OPEN TO ALL CITIZENS.
-
TO OPERATE EXCLUSIVELY FOR THE PURPOSE ENUMERATED IN THE IOWA GAMING COMMISSION ACT. TO PARTICIPATE IN ANY CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD DIRECTORS DETERMINES. TO ERECT OR MAINTAIN PUBLIC BUILDINGS OR WORKS, OR OTHERWISE LESSON THE BURDENS OF THE CITIES, COUNTIES AND STATE GOVERNMENT. TO PROVIDE FACILITIES DEDICATED EXCLUSIVELY FOR THE PROMOTION OF THE SOCIAL WELFARE OF THE COMMUNITIES AND OPEN TO ALL CITIZENS.
Expenses $2,372,419
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Marty BergstromMARTY BERGSTROM
TREASURER
- Total calculated
- $0
-
Abby BurnsABBY BURNS
SECRETARY
- Total calculated
- $0
-
Cheryl HarrisCHERYL HARRIS
DIRECTOR
- Total calculated
- $0
-
Jamie NeffJAMIE NEFF
DIRECTOR
- Total calculated
- $0
-
Marilyn NoonanMARILYN NOONAN
VICE PRESIDE
- Total calculated
- $0
-
Gretchen ReichterGRETCHEN REICHTER
PRESIDENT
- Total calculated
- $0
-
Terry WilliamsTERRY WILLIAMS
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513229349301746
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