Form 990 for tax year 2022
Filed by PRAIRIE MEADOWS RACE TRACK & CASINO INC.
Totals
- Total revenue
- $2,499,338,526
- Total expenses
- $2,455,002,478
- Contributions and grants received
- $0
- Grants paid
- $27,589,711
- Program services expenses (Part IX)
- $2,439,907,452
- Management and general expenses
- $15,095,026
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,439,907,452
Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Albaugh Dennis
Chairman (start 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Chittenden Bob
Board Member (end 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Costa Chris
Board Member (start 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Grandquist Linda
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Homan Danny
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Lin Dr Ian
Board Member (start 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Marasco Frank
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Martin Marty
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Mauro John
Board Member (start 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Neugent Gerry
Immediate Past Chair (end 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Neville Dr Steven
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
O'Hollearn Bob
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Radia Suku
Chairman (end 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Sagar Ken
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Simon Mary
Vice Chair (start 11/22)
- Total calculated
- $0
- Hours/week
- 4
-
Voss Susan
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Palmer Gary E
President, CEO
- Total calculated
- $1,569,394
- From this org
- $1,515,875
- From related orgs
- $0
- Other
- $53,519
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $622,782
- Bonus
- $800,000
- Other
- $93,093
- Deferred
- $33,550
- Nontaxable benefits
- $19,969
- Filer's total
- $1,569,394
-
Atkin Ann M
SR VP-Chief Operating Officer
- Total calculated
- $603,238
- From this org
- $568,492
- From related orgs
- $0
- Other
- $34,746
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $348,472
- Bonus
- $180,689
- Other
- $39,331
- Deferred
- $33,550
- Nontaxable benefits
- $1,196
- Filer's total
- $603,238
-
Wilkie Michele
SR VP of Administration, CAO
- Total calculated
- $399,105
- From this org
- $359,380
- From related orgs
- $0
- Other
- $39,725
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $226,806
- Bonus
- $115,852
- Other
- $16,722
- Deferred
- $33,550
- Nontaxable benefits
- $6,175
- Filer's total
- $399,105
-
Castelline Elaine M
VP of Finance, CFO
- Total calculated
- $346,924
- From this org
- $308,874
- From related orgs
- $0
- Other
- $38,050
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $215,147
- Bonus
- $79,544
- Other
- $14,183
- Deferred
- $33,300
- Nontaxable benefits
- $4,750
- Filer's total
- $346,924
-
Llambias Edward John Paul
VP of Casino Ops
- Total calculated
- $344,714
- From this org
- $304,682
- From related orgs
- $0
- Other
- $40,032
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $207,005
- Bonus
- $88,242
- Other
- $9,435
- Deferred
- $33,254
- Nontaxable benefits
- $6,778
- Filer's total
- $344,714
-
Pursley Clinton W
VP of Security
- Total calculated
- $342,460
- From this org
- $303,047
- From related orgs
- $0
- Other
- $39,413
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $201,656
- Bonus
- $85,849
- Other
- $15,542
- Deferred
- $33,091
- Nontaxable benefits
- $6,322
- Filer's total
- $342,460
-
Heldt Derron D
VP of Racing
- Total calculated
- $316,579
- From this org
- $279,017
- From related orgs
- $0
- Other
- $37,562
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $183,938
- Bonus
- $79,830
- Other
- $15,249
- Deferred
- $30,784
- Nontaxable benefits
- $6,778
- Filer's total
- $316,579
-
Stewart Julie
VP of Business Development
- Total calculated
- $273,023
- From this org
- $239,474
- From related orgs
- $0
- Other
- $33,549
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $158,891
- Bonus
- $66,918
- Other
- $13,665
- Deferred
- $26,771
- Nontaxable benefits
- $6,778
- Filer's total
- $273,023
-
Guzman Antonio S
Director of IT
- Total calculated
- $262,590
- From this org
- $232,414
- From related orgs
- $0
- Other
- $30,176
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $166,533
- Bonus
- $51,112
- Other
- $14,769
- Deferred
- $25,362
- Nontaxable benefits
- $4,814
- Filer's total
- $262,590
-
Rhines Bradley Christopher
Executive Vice President
- Total calculated
- $465,679
- From this org
- $465,679
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $296,567
- Bonus
- $169,112
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $465,679
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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Tax indemnification and gross-up payments
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 1a:
- PMRC occasionally provides tax gross-up payments for small awards provided during the year.
- Part I, Line 7:
- Board of Directors set criteria and goals based on the business strategic plan. Goals are also set on an individual basis and approved. The formula is set prior to or early in the tax year, and based on the formula, the incentive is paid, if due.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$11,882,705
Net Receipts Contribution
-
$5,076,335
Tax Rate Sharing Contribution
-
$600,000
YSS Recovery Campus Project
-
$500,000
So Much More than Meals
-
Prairie Meadows Polk County Joint Donation to the Students of Polk County
-
$375,000
Empowering Women. Uplifting the Community.
-
$350,000
Monarch Apartments Permanent and Supportive
-
Greater Des Moines Partnership
$330,000
2023 Investor Commitment (Year 5 of 5)
-
$300,000
Des Moines Public Schools Community Stadium
-
$300,000
ICON Water Trails Scott Avenue Site
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303069349300405
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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