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Nonprofiteer
← PALO ALTO COUNTY GAMING DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by PALO ALTO COUNTY GAMING DEVELOPMENT CORPORATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 18 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$0 changed to $2,062,253
Total expenses
$136 changed to $2,312,535
Program service revenue
$0 changed to $1,999,375
Investment income
$0 changed to $62,878
Total assets, end of year
$34 changed to $4,609,035
Total liabilities, end of year
$0 changed to $204,406
Net assets or fund balances, end of year
$34 changed to $4,404,629
Program services expenses
$136 changed to $2,271,259
Management and general expenses
$0 changed to $41,276
Program service expenses (Part III)
$136 changed to $2,271,259

Totals

Total revenue
$0
Total expenses
$136
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$34
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$34
Program services expenses (Part IX)
$136
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$136

Program services were 100.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $136 · program services $136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,511,672

  • 2 · Savings and temporary cash investments

    beginning of year $1,166,332

  • 4 · Accounts receivable

    beginning of year $55,314

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,661

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

    $33,757

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

    $33,723

  • 10c · Land, buildings and equipment, net

    beginning of year $3,986 · end of year $34

  • 15 · Other assets

    beginning of year $2,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,236

  • 18 · Grants payable

    beginning of year $426

  • 27 · Net assets without donor restrictions

    beginning of year $4,654,911 · end of year $34

Mission and programs · 2023

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 $136

As filed on the 2023 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202413209349324396

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