2024-11-14T13:34:20-06:00 2023-12-31 420946155 HONKAMP KRUEGER & CO PC 550 2ND ST SE UNIT 401 CEDAR RAPIDS IA 52401 990 2023-01-01 451186453 PROSPECT MEADOWS INC PROS 3192131775 1850 PROSPECT DRIVE MARION IA 52302 CHARLES WEBER TREASURER 3197751087 2024-11-14 1 0 BRIAN M COLLER CPA P00708258 3195530015 2024-11-14 2023 2024-10-15 13:58:12Z CHARLES WEBER 2724 CORNERSTONE CT SE CEDAR RAPIDS IA 52403 2041767 0 X N/A X 2011 IA TO PROVIDE ATTRACTIVE, LOCAL AND PROFESSIONAL OUTDOOR BASEBALL AND SOFTBALL FACILITIES AND PROGRAMS THROUGH 9 FIELDS ON ONE CAMPUS. 12 12 40 20 0 0 2964568 889649 1091240 1144707 0 921 5760 6490 4061568 2041767 0 0 0 0 361664 413821 0 0 172841 2144850 2122010 2506514 2535831 1555054 -494064 13904712 12597677 6158360 5345389 7746352 7252288 X PROVIDE ATTRACTIVE, LOCAL, AND PROFESSIONAL OUTDOOR BASEBALL AND SOFTBALL FACILITIES AND PROGRAMS THROUGH 9 FIELDS ON ONE CAMPUS. THESE FACILITIES AND PROGRAMS WILL BE OF SIGNIFICANT BENEFIT TO LOCAL YOUTH AND THE LOCAL ECONOMY IN ITS NATIONWIDE TOURISM APPEAL. LOCAL PROGRAMS AND NATIONAL TOURNAMENTS WILL BOTH ALLOW YOUNG PEOPLE THE OPPORTUNITY TO DEVELOP THEIR ATHLETIC AND SOCIAL SKILLS IN A FAN FRIENDLY ENVIRONMENT AT PROSPECT MEADOWS. 0 0 2277136 1144707 THE ORGANIZATION WAS FORMED IN THE STATE OF IOWA IN 2011, AS A NONPROFIT CORPORATION, TO RAISE CAPITAL AND CONSTRUCT A PROFESSIONAL OUTDOOR BASEBALL/SOFTBALL COMPLEX ON LAND LEASED FROM LINN COUNTY, IOWA. THIS FACILITY ALLOWS YOUNG PEOPLE IN THE AREA AND THROUGHOUT THE UNITED STATES TO DEVELOP ATHLETIC AND SOCIAL SKILLS IN A FAN FRIENDLY ENVIRONMENT. IT ALSO PROVIDES AN AVENUE FOR PLAYERS TO BE SHOWCASED AND RECRUITED BY COLLEGES AND PROFESSIONAL TEAMS. ONE FIELD IS A MIRACLE FIELD FOR DISABLED YOUTH. THE ORGANIZATION WILL ALSO HAVE AN AT-RISK PROGRAM FOR LOCAL YOUTHS. CONSTRUCTION HAS BEEN COMPLETED AND THE ORGANIZATION BEGAN OPERATIONS IN MAY 2019. THE ORGANIZATION IS FUNDED THROUGH DONATIONS, HOSTING BASEBALL AND SOFTBALL EVENTS, LEASING OUT THE COMPLEX, ADVERTISING, CONCESSIONS AND SOUVENIR SALES. 2277136 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 IA X JACK ROEDER 3192131775 1850 PROSPECT DRIVE MARION IA 52302 TOM BRANDT BOARD MEMBER 1.00 X 0 0 0 RICK FREESE SECRETARY 1.00 X X 0 0 0 DAN STRELLNER BOARD MEMBER 1.00 X 0 0 0 TIM STRELLNER CHAIRMAN 1.00 X X 0 0 0 TROY MCQUILLEN VICE CHAIRMAN 1.00 X X 0 0 0 JIM VAN SCOYOC BOARD MEMBER 1.00 X 0 0 0 COLETTE ATKINS BOARD MEMBER 1.00 X 0 0 0 STEVE HAMMES TREASURER 1.00 X X 0 0 0 CHARLIE WEBER BOARD MEMBER 1.00 X 0 0 0 CHRISTINE LANDA BOARD MEMBER 1.00 X 0 0 0 VICKI HANNA BOARD MEMBER 1.00 X 0 0 0 KRISTIN PARROTT BOARD MEMBER 1.00 X 0 0 0 JACK ROEDER PRESIDENT 40.00 X 79500 0 0 79500 0 0 0 0 0 0 0 508167 381482 31155 889649 PROGRAM REVENUE 711300 1144707 1144707 1144707 921 921 5760 0 5760 5760 5760 730 0 730 730 2041767 1150467 0 1651 79500 39750 23850 15900 303550 180884 27466 95200 1670 828 266 576 29101 16410 4010 8681 42920 33070 8744 1106 8090 6317 1773 20879 7876 5029 7974 403556 403556 914868 910899 3969 63623 55140 6673 1810 OUTSOURCED CONCESSION E 264134 264134 STADIUM MAINTENANCE 89135 89135 FACILITY EXPENSES 67166 67166 WATER & WASTE REMOVAL 57756 57756 189883 144215 4074 41594 2535831 2277136 85854 172841 1248737 746987 144222 163242 53899 56186 2808 5098 18449 26768 15707009 4107613 12436597 11599396 0 13904712 12597677 54134 41683 25882 4750 6059963 5288291 18381 10665 6158360 5345389 X 7615923 7144162 130429 108126 7746352 7252288 13904712 12597677 -494064 0 X 0 1 0 0 X 2218427 917412 557742 2964568 890379 7548528 117430 1030004 1091240 1144707 3383381 2218427 1034842 1587746 4055808 2035086 10931909 0 0 0 10931909 5760 5760 5760 5760 6681 29721 5760 5760 5760 5760 6681 29721 2224187 1040602 1593506 4061568 2041767 10961630 0.99730 0.99800 0.00270 0.00200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1867108 267260 1599848 13839901 3840353 9999548 11599396 ACCRUED INTEREST PAYABLE 8953 CREDIT CARD PAYABLE 1712 10665 X 2041767 0 2041767 0 2041767 2535831 0 2535831 0 2535831 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109" ("FIN 48") WHICH WAS ISSUED IN JULY 2006 AND IS APPLICABLE FOR A NON-PUBLIC COMPANY. FIN 48 PRESCRIBES A RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DE-RECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THERE IS NO IMPACT TO THE FINANCIAL STATEMENTSAS A RESULT OF THIS INTERPRETATION. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE IOWA DEPARTMENT OF REVENUE. THE ORGANIZATION'S FEDERAL AND IOWA TAX RETURNS REMAIN OPEN THREE-YEARS FROM THE DATE OF FILING. TAX RETURNS PRIOR TO 2019 ARE NO LONGER OPEN FOR AUDIT. X LAND USE 1 31155 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DAN STRELLNER AND TIM STRELLNER ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD BEFORE THE TAX RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION PACKAGES ARE REVIEWED AND APPROVED BY THE BOARD. PAY RANGES ARE DETERMINED BY CONSULTING WITH LOCAL BASEBALL AND PROFESSIONAL FUNDRAISING ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 18 ALL TAX RETURNS AND EXEMPTION APPLICATIONS ARE AVAILABLE FOR PUBLIC INSPECTIONS BY CONTACTING A CURRENT OFFICER OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION BY CONTACTING ONE OF THE OFFICER'S OF THE ORGANIZATION.