Grow Greene County Gaming Corporation
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Jefferson, IA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-3932515
Organization Overview
Grow Greene County Gaming Corporation is located in Jefferson, IA. The organization was established in 2014. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grow Greene County Gaming Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Grow Greene County Gaming Corporation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 15.8% per year over the past 8 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.
Since 2015, Grow Greene County Gaming Corporation has awarded 178 individual grants totaling $14,818,321. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EXCLUSIVELY FOR THE PURPOSES ENUMERATED IN THE IOWA GAMING COMMISSION ACT TO PARTICIATE IN ANY CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD OF DIRECTORS DETERMINES WILL POSITIVELY GROW GREENE COUNTY FOR FAMILIES AND HELP BUSINESSES THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE EXCLUSIVELY FOR THE PURPOSES ENUMERATED IN THE IOWA GAMING COMMISSION ACT TO PARTICIATE IN ANY CHARITABLE, SCIENTIFIC OR EDUCATIONAL ACTIVITY WHICH THE BOARD OF DIRECTORS DETERMINES WILL POSITIVELY GROW GREENE COUNTY FOR FAMILIES AND HELP BUSINESSES THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Marquardt Vice President | Officer | 1 | $0 |
Norm Fandel President | Officer | 1 | $0 |
Peg Raney Secretary | Officer | 1 | $0 |
Bob Allen Treasurer | Officer | 1 | $0 |
Lori Mannel Director | Trustee | 1 | $0 |
Dawn Rudolph Ex-Offico | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,899,484 |
| Investment income | $10,846 |
| 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 | $1,910,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,598,000 |
| 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 | $19,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $973 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,106 |
| Interest | $129,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $440 |
| Total functional expenses | $1,764,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,544,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,400 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,604,724 |
| Accounts payable and accrued expenses | $403 |
| Grants payable | $1,299,903 |
| 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 | $3,263,309 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,563,615 |
| Net assets without donor restrictions | $0 |
| 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 | -$2,958,891 |
| Total liabilities and net assets/fund balances | $1,604,724 |
Grants Awarded
Over the last fiscal year, Grow Greene County Gaming Corporation has awarded $1,575,716 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
JEFFERSON PARK & REC PURPOSE: CAPITAL EXPENDITURES | $340,000 |
Des Moines, IA PURPOSE: ENHANCE QUALITY OF LIFE IN GREENE | $150,000 |
JEFFERSON FIRE DEPARTMENT PURPOSE: CAPITAL EXPENDITURES | $144,000 |
Jefferson, IA PURPOSE: ECONOMIC DEVELOPMENT OF GREENE COUN | $100,000 |
GREENE COUNTY CONSERVATION PURPOSE: CAPITAL EXPENDITURES | $72,000 |
CITY OF CHURDAN PURPOSE: CAPITAL EXPENDITURES | $56,935 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grow Greene County Gaming Corporation has recieved totaling $5,085.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $5,085 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Dakota Association Of Healthcare Organizations Healthcar Sioux Falls, SD | $484,759 | $2,193,981 |
Grow Greene County Gaming Corporation Jefferson, IA | $1,604,724 | $1,910,330 |
Educational Foundation Of The Mo Soc Of Cert Pub Accts Inc St Louis, MO | $355,307 | $1,392,196 |
Illinois Coalition For Community Services Springfield, IL | $268,054 | $992,624 |
Harlem Lake Marion Corp D B A Downtown Oak Park Oak Park, IL | $288,732 | $750,935 |
Brightstar Wisconsin Foundation Inc Milwaukee, WI | $10,555,163 | $1,965,225 |
Education Foundation Of The Ccim Institute Chicago, IL | $7,507,081 | $827,056 |
Schilke-Novak Kids Sports Trust Fremont, NE | $6,451,087 | $1,501,871 |
Crsi Education And Research Foundation Schaumburg, IL | $3,622,028 | $306,204 |
Friends Of Barringtons White House Nfp Barrington, IL | $1,958,437 | $548,953 |
Information Technology Certification Council Inc Chicago, IL | $424,689 | $214,711 |
Seward County Bridges Inc Seward, NE | $609,813 | $258,868 |