Prairie Meadows Race Track and Casino
PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(4), PRAIRIE MEADOWS RACE TRACK AND CASINO IS NOT ORGANIZED FOR PROFIT BUT IS OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT. THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT INCLUDES PROVIDING A SOURCE OF RECREATION FOR THE COMMUNITY AND PROVIDING A GENERALLY POSITIVE ECONOMIC IMPACT ON CENTRAL IOWA IN CONJUNCTION WITH THE CITIZENS AND LOCAL GOVERNMENT IN THE AREA. PURSUANT TO SECTION 99F.6(4)(A) OF THE IOWA CODE, PRAIRIE MEADOWS RACE TRACK AND CASINO IS REQUIRED TO DISTRIBUTE AND DOES DISTRIBUTE ITS PROFITS FOR "EDUCATIONAL, CIVIC, PUBLIC, CHARITABLE, PATRIOTIC, OR RELIGIOUS" USES AS DEFINED IN SECTION 99B.7(3)(B) OF THE IOWA CODE.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$327.6M
+3.2% YoY
Annual Giving
$33.0M
+3.0% YoY
Grant Count
409
+49.8% YoY
Avg Grant Size
$81K
-31.2% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $327,636,033 | $317,415,417 | $290,547,398 |
| Revenue | $2,532,959,229 | $2,595,228,457 | $2,499,338,526 |
| Expenses | $2,509,985,876 | $2,555,217,612 | $2,455,002,478 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,498,046 | $2,415,949 | $437,958 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
1,083 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Prairie Meadows Race Track and Casino 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
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| COPLEY TODD | BOARD MEMBER (END 10/24) | 4 | — |
| COSTA CHRIS | BOARD MEMBER | 4 | — |
| GORSCHE JIM | BOARD MEMBER (START 11/24) | 4 | — |
| GRANDQUIST LINDA | SECRETARY | 4 | — |
| LEECH DEB | BOARD MEMBER | 4 | — |
| LIN DR IAN | BOARD MEMBER | 4 | — |
| LINDERBAUM DENNY | BOARD MEMBER (START 11/24) | 4 | — |
| MARTIN MARTY | BOARD MEMBER (END 11/24) | 4 | — |
| MAURO JOHN | BOARD MEMBER | 4 | — |
| MORSE ANDREA | BOARD MEMBER | 4 | — |
| NEHRING JOE | BOARD MEMBER (START 10/24) | 4 | — |
| NEVILLE DR STEVEN | VICE CHAIR | 4 | — |
| O'HOLLEARN BOB | BOARD MEMBER | 4 | — |
| SAGAR KEN | CHAIR | 4 | — |
| VOSS SUSAN | BOARD MEMBER (END 11/24) | 4 | — |
| WANGSNESS JEFF | BOARD MEMBER | 4 | — |
| PALMER GARY E | PRESIDENT, CEO | 55 | $1,819,142 |
| WILKIE MICHELE | EXECUTIVE VP | 55 | $585,561 |
| CASTELLINE ELAINE M | VP OF FINANCE, CFO | 55 | $272,421 |
| STEWART JULIE | SR VP OF BUSINESS DEVELOPMENT | 55 | $342,698 |
| PURSLEY CLINTON W | SR VP OF SECURITY | 55 | $366,910 |
| HELDT DERRON D | VP OF RACING | 55 | $299,296 |
| OHORILKO BRIAN J | SR VP OF ADMINISTRATION | 55 | $254,765 |
| GUZMAN ANTONIO S | DIRECTOR OF IT | 55 | $245,324 |
| ATKIN ANN M | FORMER OFFICER | — | $239,503 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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