Multi-State Lottery Association
- Assets
- $767.0m
- Revenue
- $3.4m
- Investments
- $119.6m
- Employees
- 29
- Location
- Johnston, IA
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 42-1302701
Organization Overview
Multi-State Lottery Association is located in Johnston, IA. The organization was established in 1990. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Multi-State Lottery Association employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multi-State Lottery Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Multi-State Lottery Association generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $5.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MULTI-STATE LOTTERY ASSOCIATION MUSL IS A NON-PROFIT GOVERNMENT BENEFIT VOLUNTARY ASSOCIATION THAT IS ENTIRELY OWNED AND OPERATED BY ITS 38 MEMBER LOTTERIES. EACH MUSL MEMBER LOTTERY OFFERS ONE OR MORE MULTI-JURISDICTIONAL LOTTERY GAMES ADMINISTERED WITH THE ASSISTANCE OF MUSL. ALL PROFITS ARE RETAINED BY THE INDIVIDUAL LOTTERIES AND ARE USED TO FUND PROJECTS OR PURPOSES APPROVED BY THEIR AUTHORIZING LEGISLATURES. AMONG THE SERVICES OFFERED TO MEMBER AND LICENSEE LOTTERIES MUSL CONDUCTS DRAWINGS; PERFORMS GAME DEVELOPMENT AND RESEARCH; PROVIDES CENTRAL ACCOUNTING INCLUDING MULTI-JURISDICTIONAL PRIZE FUND HOLDINGS AND TRANSFER; AND PURCHASES GOVERNMENT SECURITIES AND ANNUITIES TO FUND PRIZE PAYMENTS.
Describe the Organization's Program Activity:
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Bret Toyne Executive Director | Officer | 40 | $319,755 |
Wayne Dolezal Deputy Executive Director | 40 | $181,152 | |
Charles Phillips Chief Ethics Officer | 40 | $167,280 | |
Robert Nitz Director Of Information Security | 40 | $149,560 | |
Dallas Beek Senior Developer | 40 | $132,369 | |
Patricia Lantz General Counsel | 40 | $128,348 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dcp Rights Llc Marketing Promotion/production | 6/29/22 | $3,300,000 |
Mike Vasilinda Productions Inc Studio Production | 6/29/22 | $339,579 |
Pma Asset Management Investment Management | 6/29/22 | $311,777 |
Faegre Drinker Biddle Reath Llp Legal | 6/29/22 | $220,175 |
Stellar Agency Llc Website Management | 6/29/22 | $100,954 |
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 | $1,141,993 |
| Investment income | $1,621,131 |
| 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 | $3,442,102 |
| 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. | $326,990 |
| Compensation of current officers, directors, key employees. | $326,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,868,788 |
| Pension plan accruals and contributions | $202,769 |
| Other employee benefits | $219,886 |
| Payroll taxes | $158,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $298,762 |
| Fees for services: Accounting | $106,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $374,111 |
| Fees for services: Other | $507,048 |
| Advertising and promotion | $0 |
| Office expenses | $29,584 |
| Information technology | $262,680 |
| Royalties | $0 |
| Occupancy | $135,114 |
| Travel | $131,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $146,506 |
| Conferences, conventions, and meetings | $55,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,776 |
| Insurance | $195,085 |
| All other expenses | $0 |
| Total functional expenses | $5,580,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $600,150,986 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,561,493 |
| 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 | $102,951 |
| Net Land, buildings, and equipment | $1,418,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $119,555,211 |
| Investments—program-related | $0 |
| Intangible assets | $235,259 |
| Other assets | $0 |
| Total assets | $767,024,005 |
| Accounts payable and accrued expenses | $531,623 |
| Grants payable | $0 |
| Deferred revenue | $5,501,709 |
| 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 | $750,915,043 |
| Total liabilities | $756,948,375 |
| Net assets without donor restrictions | $10,075,630 |
| 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 | $767,024,005 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Multi-State Lottery Association Johnston, IA | $767,024,005 | $3,442,102 |
Tax Education Support Organization Muscatine, IA | $50,122,645 | $3,841,089 |
We All Rise African American Resource Center Inc Green Bay, WI | $365,569 | $916,065 |
Butler County Community Resource Council Poplar Bluff, MO | $516,466 | $615,835 |
Sheboygan County Half-Way House Inc Sheboygan, WI | $683,303 | $380,567 |
Mecca Center Charity Fund Willowbrook, IL | $26,722 | $422,068 |
Patriot K9 Partners Of Wisconsin Inc Wausau, WI | $306,148 | $489,210 |
Hastings Cable Community Access Corp Hastings, MN | $592,496 | $404,754 |
Veterans Assistance Commission Of Boone County Belvidere, IL | $417,375 | $275,820 |
Soldiers 6 Inc Inver Grove Heights, MN | $46,506 | $0 |
Center For Financial Training North Central States Inc Whitefish Bay, WI | $26,566 | $0 |
Iowa Workforce Development Foundation Des Moines, IA | $86,816 | $0 |