Iowa Greyhound Association
- Assets
- $348.5k
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Dubuque, IA
- Founding
- Data as of
- 12/2020
- EIN
- 42-1300915
Organization Overview
Iowa Greyhound Association is located in Dubuque, IA. Iowa Greyhound Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, Iowa Greyhound Association generated $21.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $21.4m during the year ending 12/2020. While expenses have increased by 18.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SUPPORT OF GREYHOUND RACING IN THE STATE OF IOWA. TO UNITE THE GREYHOUND OWNERS, BREEDERS, TRAINERS AND KENNEL OWNERS/OPERATORS IN THE COMMON GOALS OF RESPONSIBLE BREEDING, RAISING AND TRAINING/RACING OF GREYHOUNDS. IMPROVE THE BREEDING & WELFARE OF GREYHOUNDS IN THE STATE OF IOWA. EXCHANGE KNOWLEDGE, INFORMATION, AND IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RACING - ENGAGE IN THE ESTABLISHMENT, MAINTENANCE AND OPERATION OF LIVE GREYHOUND RACING MEETS AND SIMULCAST PARIMUTUAL WAGERING IN THE STATE OF IOWA IN ACCORDANCE WITH A LICENSE OR LICENSES GRANTED UNDER CHAPTER 99D OF THE IOWA CODE AND WITH THE RULES AND REGULATIONS PROMULGATED BY THE IOWA RACING AND GAMING COMMISSION ESTABLISHED THEREUNDER.
LEGAL - CONTINUED NEGOTIATIONS WITH STATE OF IOWA AND ELECTED REPRESENTATIVES TO ALLOW GREYHOUND RACING IN THE STATE. HELP WITH THE EXCHANGE OF KNOWLEDGE, INFORMATION AND IDEAS AMONG GREYHOUND RACE TEAMS, CASINO TRACKS, THE IOWA GREYHOUND ASSOCIATION AND STATE OF IOWA.
LOBBYING - CONTINUED NEGOTIATIONS WITH STATE OF IOWA AND ELECTED REPRESENTATIVES TO ALLOW GREYHOUND RACING IN THE STATE. HELP WITH THE EXCHANGE OF KNOWLEDGE, INFORMATION AND IDEAS AMONG GREYHOUND RACE TEAMS, CASINO TRACKS, THE IOWA GREYHOUND ASSOCIATION AND STATE OF IOWA.
RACING - ENGAGE IN THE ESTABLISHMENT, MAINTENANCE AND OPERATION OF LIVE GREYHOUND RACING MEETS AND SIMULCAST PARIMUTUAL WAGERING IN THE STATE OF IOWA IN ACCORDANCE WITH A LICENSE OR LICENSES GRANTED UNDER CHAPTER 99D OF THE IOWA CODE AND WITH THE RULES AND REGULATIONS PROMULGATED BY THE IOWA RACING AND GAMING COMMISSION ESTABLISHED THEREUNDER.
LEGAL - CONTINUED NEGOTIATIONS WITH STATE OF IOWA AND ELECTED REPRESENTATIVES TO ALLOW GREYHOUND RACING IN THE STATE. HELP WITH THE EXCHANGE OF KNOWLEDGE, INFORMATION AND IDEAS AMONG GREYHOUND RACE TEAMS, CASINO TRACKS, THE IOWA GREYHOUND ASSOCIATION AND STATE OF IOWA.
LOBBYING - CONTINUED NEGOTIATIONS WITH STATE OF IOWA AND ELECTED REPRESENTATIVES TO ALLOW GREYHOUND RACING IN THE STATE. HELP WITH THE EXCHANGE OF KNOWLEDGE, INFORMATION AND IDEAS AMONG GREYHOUND RACE TEAMS, CASINO TRACKS, THE IOWA GREYHOUND ASSOCIATION AND STATE OF IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Ertl Vice-President | OfficerTrustee | 4 | $0 |
Mary Robinette Secretary | OfficerTrustee | 2 | $0 |
Brad Boeckenstedt President | OfficerTrustee | 6 | $0 |
Jon Stidham Treasurer | OfficerTrustee | 2 | $0 |
Robert Hardison Board | Trustee | 2 | $0 |
Alan Hill Board | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldfinch Entertainment Lllp Consulting | 12/30/16 | $104,167 |
Crawford Law Firm Legal Services | 12/30/16 | $752,718 |
Mystique Casino Facility Services | 12/30/16 | $240,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $925 |
| Total Program Service Revenue | $21,434,733 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,630,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $875,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $168,193 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $202,500 |
| Fees for services: Accounting | $72,375 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $111,395 |
| Office expenses | $20,120 |
| Information technology | $6,592 |
| Royalties | $0 |
| Occupancy | $114,763 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,982 |
| Insurance | $78,981 |
| All other expenses | $745,117 |
| Total functional expenses | $21,363,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,315 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,000 |
| Net Land, buildings, and equipment | $6,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $348,458 |
| Accounts payable and accrued expenses | $98,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $853,106 |
| Total liabilities | $951,113 |
| Net assets without donor restrictions | -$602,655 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $348,458 |
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