Black Hawk County Gaming Assoc
- Assets
- $16.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Waterloo, IA
- Founding
- 11/2004
- Data as of
- 06/2024
- 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 06/2024, Black Hawk County Gaming Assoc employed 2 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 06/2024, Black Hawk County Gaming Assoc generated $6.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.4m during the year ending 06/2024. While expenses have increased by 8.0% per year over the past 9 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, Black Hawk County Gaming Assoc has awarded 370 individual grants totaling $44,681,430. 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
2024
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 22 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Shirey President | OfficerTrustee | 2 | $0 |
Kingsley Botchway Vice President | OfficerTrustee | 2 | $0 |
Jane Whittlesey Treasurer | OfficerTrustee | 2 | $0 |
Stacy Van Gorp Secretary | OfficerTrustee | 2 | $0 |
Eric Ritland At-Large Exec. Member | OfficerTrustee | 2 | $0 |
Russ Buchanan Director | Trustee | 1 | $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 | $683,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,159,782 |
| 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 | $6,149,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,092,865 |
| 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. | $106,160 |
| Compensation of current officers, directors, key employees. | $106,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,942 |
| Pension plan accruals and contributions | $1,528 |
| Other employee benefits | $4,396 |
| Payroll taxes | $11,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,748 |
| Office expenses | $29,213 |
| Information technology | $7,628 |
| Royalties | $0 |
| Occupancy | $10,574 |
| Travel | $2,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,448 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,425 |
| Insurance | $1,525 |
| All other expenses | $1,969 |
| Total functional expenses | $5,369,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,271,785 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,735 |
| 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 | $27,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,998 |
| Total assets | $16,590,596 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $8,178,757 |
| 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 | $99,998 |
| Total liabilities | $8,278,755 |
| Net assets without donor restrictions | $8,311,841 |
| 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 | $16,590,596 |
Grants Awarded
Over the last fiscal year, Black Hawk County Gaming Assoc has awarded $5,551,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AMANI COMMUNITY SERVICES PURPOSE: AMANI'S CENTER FOR PEACE AND HEALING | $50,000 |
CEDAR FALLS HOUSING TRUST FUND PURPOSE: START UP FUNDING: CF HOUSING TRUST FUND | $50,000 |
CITY OF DYSART PURPOSE: PUBLIC WORKS - MAINTENANCE SHOP RENOVATION | $25,000 |
AMERICANS FOR INDEPENDENT LIVING PURPOSE: VETERANS RESOURCE CENTER | $100,000 |
CITY OF CEDAR FALLS PURPOSE: COMMUNITY NATATORIUM | $500,000 |
CHRISTIAN COMMUNITY DEVELOPMENT PURPOSE: EXTENDING HOPE, HOUSE OF HOPE EMPOWERMENT CENTER | $500,000 |