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LYON COUNTY RIVERBOAT FOUNDATION INC

EIN 27-1024697 ROCK RAPIDS, IA

Revenue 2024
$3,596,972
Expenses 2024
$3,491,635

Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
04
NTEE code
T30
Classification
3000
Street
301 1ST AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO DISTRIBUTE FUNDS RECEIVED FROM THE GRAND FALLS CASINO & RESORT TO QUALIFIED NON-PROFIT ORGANIZATIONS INCLUDING COUNTY, MUNICIPALITIES AND SCHOOL DISTRICTS IN ACCORDANCE WITH IOWA CODE.

  • THE FOUNDATION DISTRIBUTES 50% OF ITS NET ANNUAL NET RECEIPTS IN THE FORM OF GRANTS AND SCHOLARSHIPS TO QUALIFIED NON-PROFIT ORGAINIZATIONS. THESE COMPETTITIVE GRANTS ARE AWARDED ON AN APPLICATION PROCESS.

    Expenses $1,763,888 · Grants $1,669,971

  • THE FOUNDATION DISTRIBUTES 50% OF ITS ANNUAL NET RECEIPTS TO THE INCORPORATED MUNICIPAL CITIES, COUNTY GOVERNMENT, AND SCHOOL DISTRICTS DISTRICTS IN LYON COUNTY.

    Expenses $1,687,498 · Grants $1,687,498

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • TOM VERSTEEG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOE SCHILLING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICK BOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DENNIS HASELHOFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAUREL REINKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRED LANDIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SAMANTHA ROZEBOOM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAYLYN DOORNEWEERD

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • BRIENNA BRUGGEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARA SPROCK

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • RANDY WAAGMEESTER

    President

    Total calculated
    $0
    Hours/week
    2

  • ASHLEY TEUNISSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AARON KELDERMAN

    Vice President

    Total calculated
    $0
    Hours/week
    1

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $3,596,972
    Expenses
    $3,491,635
    Contributions
    $0
    Grants paid
    $3,357,469
  • 2023
    Revenue
    $3,692,299
    Expenses
    $3,589,578
    Contributions
    $0
    Grants paid
    $3,471,738
  • 2022
    Revenue
    $3,510,157
    Expenses
    $3,489,709
    Contributions
    $0
    Grants paid
    $3,393,895

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $3,365,358
    Expenses
    $3,433,421
    Assets (EOY)
    $2,226,608

  • 2020 · 990

    Revenue
    $2,031,454
    Expenses
    $1,323,720
    Assets (EOY)
    $1,398,948

  • 2019 · 990

    Revenue
    $2,380,833
    Expenses
    $2,453,184
    Assets (EOY)
    $1,258,770

  • 2018 · 990

    Revenue
    $2,192,882
    Expenses
    $1,775,366
    Assets (EOY)
    $876,313

  • 2017 · 990

    Revenue
    $2,077,249
    Expenses
    $2,094,416
    Assets (EOY)
    $654,232

  • 2016 · 990

    Revenue
    $2,034,472
    Expenses
    $2,022,287
    Assets (EOY)
    $465,118

  • 2015 · 990

    Revenue
    $2,168,345
    Expenses
    $2,269,131
    Assets (EOY)
    $804,761

  • 2014 · 990

    Revenue
    $2,234,878
    Expenses
    $2,184,497
    Assets (EOY)
    $782,342

  • 2013 · 990

    Revenue
    $2,225,532
    Expenses
    $2,236,820
    Assets (EOY)
    $640,051

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,193,813
    Assets (EOY)
    $996,088

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Form 990-N e-Postcard, tax year 2010

Tax period
1 January 2010 to 31 December 2010
Principal officer
Jeff Gallagher
Mailing address
PO Box 53Larchwood IA 51241

As filed, from the IRS e-Postcard file of 19 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

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

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility EO.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.