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Nonprofiteer
← PALO ALTO COUNTY GAMING DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by PALO ALTO COUNTY GAMING DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,933,845
Total expenses
$1,546,042
Contributions and grants received
$0
Grants paid
$1,439,044
Program service revenue
$1,911,538
Investment income
$22,307
Other revenue
$0
Total assets, end of year
$4,747,573
Total liabilities, end of year
$92,662
Net assets or fund balances, end of year
$4,654,911
Program services expenses (Part IX)
$1,517,342
Management and general expenses
$28,700
Fundraising expenses
$0
Program service expenses (Part III)
$1,517,342

Program services were 98.1% 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.

  • 2a · Program service revenue: CASINO REVENUE

    total $1,911,538 · related or exempt $1,911,538

  • 3 · Investment income

    total $22,307 · related or exempt $22,307

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,439,044 · program services $1,439,044

  • 7 · Other salaries and wages

    total $11,305 · management and general $11,305

  • 10 · Payroll taxes

    total $909 · management and general $909

  • 11c · Fees: accounting

    total $8,426 · management and general $8,426

  • 13 · Office expenses

    total $10,690 · program services $10,690

  • 16 · Occupancy

    total $7,865 · program services $2,165 · management and general $5,700

  • 19 · Conferences, conventions and meetings

    total $2,360 · management and general $2,360

  • 22 · Depreciation, depletion and amortization

    total $3,379 · program services $3,379

  • 23 · Insurance

    total $3,316 · program services $3,316

  • 24a · Other expenses: OTHER EXPENSE

    total $47,129 · program services $47,129

  • 24b · Other expenses: BOARD EXPENSE

    total $7,057 · program services $7,057

  • 24c · Other expenses: GRANT DISTRIBUTION EXPENS

    total $4,458 · program services $4,458

  • 24d · Other expenses: BANK AND FINANCE CHARGES

    total $103 · program services $103

  • 24e · All other expenses

    total $1 · program services $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,451,810 · end of year $3,511,672

  • 2 · Savings and temporary cash investments

    beginning of year $2,774,128 · end of year $1,166,332

  • 4 · Accounts receivable

    beginning of year $40,672 · end of year $55,314

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,945 · end of year $7,661

  • 10a · Land, buildings and equipment: cost or other basis

    $33,757

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,771

  • 10c · Land, buildings and equipment, net

    beginning of year $7,364 · end of year $3,986

  • 15 · Other assets

    beginning of year $1,395 · end of year $2,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,656 · end of year $92,236

  • 18 · Grants payable

    beginning of year $550 · end of year $426

  • 27 · Net assets without donor restrictions

    beginning of year $4,267,108 · end of year $4,654,911

Mission and programs · 2022

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 $1,517,342 · Grants $1,439,044

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Bormann

    PRESIDENT

    Total calculated
    $0

  • Abby Burns

    SECRETARY

    Total calculated
    $0

  • Bill Dickey

    VICE PRESIDE

    Total calculated
    $0

  • David Hadley

    TREASURER

    Total calculated
    $0

  • Jan Helmke

    DIRECTOR

    Total calculated
    $0

  • Kim Hoffman

    DIRECTOR

    Total calculated
    $0

  • Marilyn Noonan

    DIRECTOR

    Total calculated
    $0

  • Gretchen Reichter

    DIRECTOR

    Total calculated
    $0

  • Glen Simonson

    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

  • UNDER 5000

    $368,880

    CAPITAL EXPENDITURES

  • CITY OF EMMETSBURG

    $341,038

    CAPITAL EXPENDITURES

  • PALO ALTO COUNTY

    $113,488

    CAPITAL EXPENDITURES

  • EMMETSBURG COMMUNITY SCHOOL DIST

    $101,541

    CAPITAL EXPENDITURES

  • CITY OF GRAETTINGER

    $74,503

    CAPITAL EXPENDITURES

  • CITY OF WEST BEND

    $72,701

    CAPITAL EXPENDITURES

  • CITY OF RUTHVEN

    $63,535

    CAPITAL EXPENDITURES

  • FIVE ISLAND TRAIL CORPORATION

    $62,605

    CAPITAL EXPENDITURES

  • WEST BEND- MALLARD COMMUNITY SCHOOL

    $49,563

    CAPITAL EXPENDITURES

  • GRAETTINGER-TERRIL COMM SCHOOL

    $48,478

    CAPITAL EXPENDITURES

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
7 July 2023
IRS schema version
2022v5.0
Source object
202333119349300043

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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