Dubuque Racing Association Ltd

DUBUQUE, IA EIN: 42-1235183 Website

OPERATION OF A CASINO GAMING FACILITY WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS TO LESSEN THE BURDEN OF GOVERNMENT AND PROMOTE SOCIAL WELFARE.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$93.8M

+29.8% YoY

Annual Giving

$4.1M

-48.6% YoY

Grant Count

51

-1.9% YoY

Avg Grant Size

$81K

-47.5% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$12M$24M$37M$49M201920202021202220232024
Metric202420232022
Total Assets$93,840,154$72,291,767$63,024,044
Revenue$35,289,216$42,364,391$43,273,258
Expenses$40,927,447$38,488,548$37,044,411
Qualifying Distributions
Net Investment Income$-1,199,377$1,029,821$247,525
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$5M$7M$10M127 grants20198 grants202055 grants202175 grants202252 grants202351 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

SCHMITT ISLAND DEVELOPME…$1.6MCITY OF DUBUQUE$1.3MDUBUQUE COMMUNITY SCHOOL…$125KDBQ AIR$100KDUBUQUE SOCCER ALLIANCE$45KDUCKS UNLIMITED INC$45KOAS FOUNDATION$45KHERITAGE WORKS INC$40KPRESENTATION LANTERN CEN…$40KPROSPERITY EASTERN IOWA …$40K

Grant Size Distribution

368 grants across all recorded years

326<$50K14$50–100K18$100–250K2$250–500K1$500K–1M6$1–5M1$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Dubuque Racing Association Ltd fund?

Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

ALEX DIXONCEO & PRESIDENT$866KBRIAN RAKESTRAWCFO & COO$547KSTACY KANSKYCCO$369KTRESA HEBERDIRECTOR OF FINANCE (TERMED …$203KKATHY BUHRDIRECTOR OF PHILANTHROPY &$180KMILES BREEDDIRECTOR OF F&B$164KLANCE CARNAHANVICE PRESIDENT OF OPERATIONS$160KKEN HAUGENDIRECTOR OF HOTEL OPERATIONS$144K

From 2024 filing

NameTitleHoursCompensation
BARBARA O'HEAMEMBER1
BRAD CAVANAGHMEMBER1
CHAD WOLBERSMEMBER1
DANNY SPRANKMEMBER1
EMILY MCCREADYTREASURER5
GARY DOLPHINMEMBER AT LARGE5
HARLEY POTHOFFMEMBER1
HERBER RIEDELMEMBER1
JAN POWERMEMBER1
KAY TAKESSECRETARY5
KEVIN LYNCHPAST CHAIR5
LORI THIELEN1ST VICE CHAIR5
MICHAEL VAN MILLIGENCITY MANAGER1
MIKE DONOHUECHAIR5
MIKE FITZPATRICKMEMBER1
NICOLE GANTZMEMBER1
PAULA WOLFEMEMBER1
RIC JONESMEMBER1
RICHARD DICKINSONMEMBER AT LARGE5
RON HERRIGMEMBER1
TYSON LEYENDECKER2ND VICE CHAIR5
ALEX DIXONCEO & PRESIDENT60$865,819
BRIAN RAKESTRAWCFO & COO60$547,486
STACY KANSKYCCO50$368,516
KATHY BUHRDIRECTOR OF PHILANTHROPY &50$179,583
KEN HAUGENDIRECTOR OF HOTEL OPERATIONS50$143,715
LANCE CARNAHANVICE PRESIDENT OF OPERATIONS50$159,987
MILES BREEDDIRECTOR OF F&B50$163,901
TRESA HEBERDIRECTOR OF FINANCE (TERMED 2024)1$202,710

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

7states

Cities

ALEXANDRIAANDREWARDMOREASBURYBELLEVUEBELMONTBENTONBERNARDCASCADECUBA CITYDARLINGTONDELHIDES MOINESDODGEVILLEDUBUQUEDYERSVILLEEAST DUBUQUEELDONEPWORTHFARLEY

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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