Black Hawk County Gaming Assoc
- Assets
- $18.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Waterloo, IA
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 80-0103166
Organization Overview
Black Hawk County Gaming Assoc is located in Waterloo, IA. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Black Hawk County Gaming Assoc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Hawk County Gaming Assoc 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 06/2022, Black Hawk County Gaming Assoc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $12.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Black Hawk County Gaming Assoc has awarded 350 individual grants totaling $39,191,860. 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
FUND IMPORTANT CAPITAL PROJECTS AND MAKE CHARITABLE CONTRIBUTIONS THROUGH GRANT AWARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION COLLECTS A FIXED PERCENTAGE OF THE CASINO'S REVENUE AND ALLOCATES THE PROCEEDS TO QUALIFIED NON-PROFIT ENTITIES AND GOVERNMENTS PRIMARILY WITHIN BLACK HAWK COUNTY AND SURROUNDING COUNTIES THROUGH A COMPETITIVE GRANT APPLICATION PROCESS. IN ACCORDANCE WITH THE STATE OF IOWA GAMBLING, GAMES AND SPORTS WAGERING REGULATION, THE ASSOCIATION IS REQUIRED TO DISTRIBUTE A FIXED PERCENT OF THE CASINO'S ADJUSTED GROSS RECEIPTS FOR EDUCATIONAL, CIVIC, PUBLIC, CHARITABLE, PATRIOTIC, OR RELIGIOUS USES. DURING THE YEAR THE ASSOCIATION PROVIDED GRANTS TO 32 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Hanson Executive Director (eff. 5/21) | Officer | 40 | $51,933 |
Elizabeth Knipp Former Executive Director (thru 3/21) | Officer | 20 | $26,177 |
Carolyn Rafferty President | OfficerTrustee | 2 | $0 |
Eric Johnson Vice President | OfficerTrustee | 2 | $0 |
Dave Richter Treasurer | OfficerTrustee | 2 | $0 |
Kate Wyatt Secretary | OfficerTrustee | 2 | $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 | $0 |
| Investment income | $84,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,762,666 |
| 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 | $5,898,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,921,977 |
| 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. | $81,155 |
| Compensation of current officers, directors, key employees. | $81,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,437 |
| Payroll taxes | $8,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,015 |
| Office expenses | $17,166 |
| Information technology | $4,224 |
| Royalties | $0 |
| Occupancy | $3,873 |
| Travel | $1,746 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,642 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,825 |
| All other expenses | $61 |
| Total functional expenses | $12,101,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,081,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,683 |
| 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 | $18,246,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $14,062,778 |
| 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 | $0 |
| Total liabilities | $14,062,778 |
| Net assets without donor restrictions | $4,183,697 |
| 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 | $18,246,475 |
Grants Awarded
Over the last fiscal year, Black Hawk County Gaming Assoc has awarded $11,872,674 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WATERLOO - WATERLOO LEISURE SERVICES PURPOSE: TRANSFORMING GATES AND BYRNES PARKS | $6,263,588 |
Waterloo, IA PURPOSE: BRIDGE LIGHTING DESIGN FEES | $1,656,135 |
Waterloo, IA PURPOSE: WALNUT NEIGHBORHOOD REHABILITATION | $1,072,626 |
Waterloo, IA PURPOSE: SUPPORT THE MISSION - PEOPLES CAPITAL PROJECT | $500,000 |
Waterloo, IA PURPOSE: SMART AUTOMATION CERTIFICATION ALLIANCE TRAINING CENTER | $500,000 |
CITY OF WATERLOO - PLANNING AND DEVELOPMENT PURPOSE: CEDAR RIVER LANDING | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |