2025-07-30T09:14:52-05:00 2024-12-31 420946155 HONKAMP PC 2345 JOHN F KENNEDY ROAD DUBUQUE IA 52002 990 2024-01-01 421235183 DUBUQUE RACING ASSOCIATION LTD DUBU 5635823647 1855 GREYHOUND PARK DRIVE DUBUQUE IA 52001 BRIAN RAKESTRAW CFO & COO 5635823647 2025-07-21 1 0 STEPHANIE K METTILLE CPA P01359962 5635560123 2025-07-21 2024 2025-03-06 01:10:19Z BRIAN RAKESTRAW 1855 GREYHOUND PARK DRIVE DUBUQUE IA 52001 59390346 0 X WWW.DRADUBUQUE.COM X 1985 IA OPERATION OF A CASINO GAMING FACILITY WITH PROFITS DISTRIBUTED TO THE CITY AND COUNTY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS TO LESSEN THE BURDEN OF GOVERNMENT AND PROMOTE SOCIAL WELFARE 21 21 565 21 0 0 0 0 11075270 10588761 1029821 -1199377 30259300 25899832 42364391 35289216 4081812 3777654 0 0 18438084 19118941 0 0 0 15968652 18030852 38488548 40927447 3875843 -5638231 72291767 93840154 31990726 54477344 40301041 39362810 OPERATION OF A CASINO GAMING FACILITY WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS TO LESSEN THE BURDEN OF GOVERNMENT AND PROMOTE SOCIAL WELFARE. 0 0 0 4010991 SPONSORSHIP OF A CASINO GAMBLING OPERATION AND SUPPORT, INCLUDING MAINTENANCE OF GROUNDS AND FACILITY, OF A PARI-MUTUEL DOG RACING FACILITY OWNED AND OPERATED BY ANOTHER PARTY, WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS. 34377103 3777654 25253738 OPERATION OF A CASINO GAMING FACILITY WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS. 5317236 5193049 OPERATION OF A HOTEL AND RESTAURANT FACILITY ADJACENT TO ASSOCIATION'S CASINO. 39694339 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 256 6168 1 565 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 1 0 IA X EMILY HELBING 5635823647 1855 GREYHOUND PARK DRIVE DUBUQUE IA 52001 BARBARA O'HEA MEMBER 1.00 X 0 0 0 BRAD CAVANAGH MEMBER 1.00 X 0 0 0 CHAD WOLBERS MEMBER 1.00 X 0 0 0 DANNY SPRANK MEMBER 1.00 X 0 0 0 EMILY MCCREADY TREASURER 5.00 X X 0 0 0 GARY DOLPHIN MEMBER AT LARGE 5.00 X 0 0 0 HARLEY POTHOFF MEMBER 1.00 X 0 0 0 HERBER RIEDEL MEMBER 1.00 X 0 0 0 JAN POWER MEMBER 1.00 X 0 0 0 KAY TAKES SECRETARY 5.00 X X 0 0 0 KEVIN LYNCH PAST CHAIR 5.00 X X 0 0 0 LORI THIELEN 1ST VICE CHAIR 5.00 X X 0 0 0 MICHAEL VAN MILLIGEN CITY MANAGER 1.00 X X 0 0 0 MIKE DONOHUE CHAIR 5.00 X X 0 0 0 MIKE FITZPATRICK MEMBER 1.00 X 0 0 0 NICOLE GANTZ MEMBER 1.00 X 0 0 0 PAULA WOLFE MEMBER 1.00 X 0 0 0 RIC JONES MEMBER 1.00 X 0 0 0 RICHARD DICKINSON MEMBER AT LARGE 5.00 X 0 0 0 RON HERRIG MEMBER 1.00 X 0 0 0 TYSON LEYENDECKER 2ND VICE CHAIR 5.00 X X 0 0 0 ALEX DIXON CEO & PRESIDENT 60.00 X 865819 0 29216 BRIAN RAKESTRAW CFO & COO 60.00 X 547486 0 49902 STACY KANSKY CCO 50.00 X 368516 0 28997 KATHY BUHR DIRECTOR OF PHILANTHROPY & 50.00 X 179583 0 29130 KEN HAUGEN DIRECTOR OF HOTEL OPERATIONS 50.00 X 143715 0 7518 LANCE CARNAHAN VICE PRESIDENT OF OPERATIONS 50.00 X 159987 0 22943 MILES BREED DIRECTOR OF F&B 50.00 X 163901 0 0 TRESA HEBER DIRECTOR OF FINANCE (TERMED 2024) 1.00 X 202710 0 0 2631717 0 167706 8 0 1 0 ARISTOCRAT TECHNOLOGIES INC 10220 ARISTOCRAT WAY LAS VEGAS NV 89135 GAMING 1347076 DLR GROUP 1430 LOCUST ST STE 200 DES MOINES IA 50309 ARCHITECTURE 793576 LNW GAMING INC LOCKBOX 749335 LOS ANGELES CA 900749335 GAMING 772311 LANGE SIGN GROUP 1780 IL ROUTE 35 N EAST DUBUQUE IA 52001 COMMERCIAL SIGNAGE 754759 SYSCO FOOD SERVICES OF IOWA ONE SYSCO PLACE ANKENY IA 50021 FOOD SERVICES 604948 5 HOTEL REVENUE 713200 4048085 4048085 ADMISSION FEE 713200 4021416 4021416 TICKET SALES - ENTERTAINMENT 713200 2477245 2477245 CASH ADVANCE COMMISSION 713200 42015 42015 10588761 831438 831438 2030815 -2030815 -2030815 -2030815 44460686 19184433 25276253 25276253 5008562 2885882 2122680 2122680 MISC 713200 957655 957655 ATM SURCHARGE 713200 396602 396602 HGA LOAN VALUATION 713200 -2853358 -2853358 -1499101 35289216 34457778 0 831438 3777654 3777654 15280766 15280766 508152 508152 2047829 2047829 1282194 1282194 60607 60607 134537 134537 1037964 1037964 1894008 1894008 82583 82583 371178 371178 2642403 2642403 71007 71007 511454 511454 4482395 4482395 713355 713355 ENTERTAINMENT 2555398 2555398 SUPPLIES 843157 843157 LEASE EXPENSE 694247 694247 DCI FEES 550312 550312 1386247 1386247 40927447 39694339 1233108 0 5960167 10329761 20470209 7507142 783054 762516 157472 181885 749533 748478 122539073 61972046 31781389 60567027 5661 5661 1029031 838012 11355251 12899672 72291767 93840154 6456577 10143758 76516 72536 14830028 38456162 10627605 5804888 31990726 54477344 X 40301041 39362810 40301041 39362810 72291767 93840154 X -5638231 4700000 X X 0 1 X 1 0 12919738 4700953 8218785 66460311 23247613 43212698 21872408 15965142 5907266 21286616 18058338 3228278 60567027 CONSTRUCTION IN PROGRESS 10886097 RIGHT OF USE ASSET 2013575 12899672 ACCRUED GRANTS 6046947 DEFERRED LOAN FEE -242059 5804888 X 55898555 25109026 25109026 30789529 4499687 4499687 35289216 56836786 20409026 20409026 36427760 4499687 4499687 40927447 PART X, LINE 2: DUBUQUE RACING ASSOCIATION, LTD IS EXEMPT FROM INCOME TAXES OTHER THAN UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE STATE INCOME TAX LAW. THE ASSOCIATION IS ALSO EXEMPT FROM STATE INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 19,184,433. COGS 1,131,410. OTHER ALLOWANCES / PROMOS 93,183. FORGIVENESS OF ACCRUED DISTRIBUTION TO SCHMITT ISLAND FUND 4,700,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROMOTIONAL ALLOWANCE EXPENSE INCLUDED IN GAMING REVENUE 3,283,738. FOOD/BEVERAGE ALLOWANCE EXPENSE NETTED WITH REVENUE 1,215,949. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 19,184,433. COGS 1,131,410. OTHER ALLOWANCES / PROMOS 93,183. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROMOTIONAL ALLOWANCE EXPENSE INCLUDED IN GAMING REVENUE 3,283,738. FOOD/BEVERAGE ALLOWANCE EXPENSE NETTED WITH REVENUE 1,215,949. 1 BELL TOWER PRODUCTION & DINNER THEATER 2728 ASBURY ROAD SUITE 220 DUBUQUE IA 52001 870690005 501(C)(3) 15000 0 NEW AUDIENCE INITIATIVE BENTON FIRE DEPARTMENT PO BOX 64 BENTON WI 53803 396089480 501(C)(3) 6103 0 NEW GRILL SYSTEM UPGRADE CAMP COURAGEOUS OF IOWA PO BOX 418 MONTICELLO IA 52310 237210932 501(C)(3) 20000 0 SOUTH CABIN REMODEL CARNEGIE STOUT PUBLIC LIBRARY FOUNDATION 360 W 11TH ST DUBUQUE IA 52001 421452704 501(C)(3) 10500 0 LIBRARY SERVICES/SPACES EXPANSION FUNDRAISING FEASIBILITY STUDY CASCADE ECONOMIC DEVELOPMENT CORP PO BOX 695 CASCADE IA 52033 421288934 501(C)(6) 28000 0 DOWNTOWN BEAUTIFICATION & AMENITIES ENHANCEMENT CENTRALLY ROOTED MISSION INC 230 CENTRAL AVE DUBUQUE IA 52001 883971688 501(C)(3) 20000 0 BUILDING WORKFORCE & GROWING QUALITY OF LIFE CITY OF DUBUQUE 50 W 13TH STREET DUBUQUE IA 52001 426004596 CITY OF DUBUQUE 1289002 0 CHARITABLE CONTRIBUTION SET ASIDE FOR THE CITY OF DUBUQUE CITY OF MAQUOKETA 201 E PLEASANT ST MAQUOKETA IA 52060 426004922 501(C)(3) 30000 0 GREEN SPACE REDEVELOPMENT CONVIVIUM URBAN FARMSTEAD 2811 JACKSON ST DUBUQUE IA 52001 472427763 501(C)(3) 30000 0 CULINARY RESOURCE EXPANSION DBQ AIR 300 MAIN STREET SUITE 120 DUBUQUE IA 52001 990859434 501(C)(6) 100000 0 FLIGHTS FOR ECONOMIC PROSPERITY DUBUQUE ARBORETUM ASSOCIATION INC 3800 ARBORETUM DRIVE DUBUQUE IA 52001 421160989 501(C)(3) 25000 0 INCLUSIVE PATHWAYS DUBUQUE AREA CHAMBER OF COMMERCE 300 MAIN STREET SUITE 200 DUBUQUE IA 52001 420223700 501(C)(3) 35000 0 YP PROGRAM & YP MENTORSHIP PROGRAM DUBUQUE AREA CONVENTION & VISITORS BUREAU 300 MAIN STREET SUITE 120 DUBUQUE IA 52001 463010125 501(C)(3) 28809 0 SALES RECRUITMENT VIDEOS & WELCOME CENTER REFRESH DUBUQUE AREA LABOR HARVEST 2617 NEW HAVEN STREET DUBUQUE IA 52001 421321098 501(C)(3) 10000 0 BUILDING SKILLED TRADES AWARENESS DUBUQUE AREA LABOR MANAGEMENT COUNCIL PO BOX 14 DUBUQUE IA 52004 421319578 501(C)(3) 20000 0 BUILDING SKILLED TRADES AWARENESS DUBUQUE ARTS COUNCIL 2728 ASBURY ROAD SUITE 220 DUBUQUE IA 52001 421051941 501(C)(3) 20000 0 DUBUQUE AS A DYNAMIC ARTS HUB & DESTINATION DUBUQUE CHORALE INC 900 JACKSON ST LL5-2D DUBUQUE IA 52001 205778500 501(C)(3) 10668 0 SONGFEST25 DUBUQUE COMMUNITY SCHOOL DISTRICT 2300 CHANEY ROAD DUBUQUE IA 52001 426001531 501(C)(3) 125000 0 DUBUQUE COMMUNITY SCHOOLS STRATEGIC INITIATIVE FUND DUBUQUE ESPORTS LEAGUE 3220 DODGE ST STE 209 DUBUQUE IA 52002 884130087 501(C)(3) 10000 0 ESPORTS DEVELOPMENT SPECIALIST DUBUQUE JAYCEES PO BOX 63 DUBUQUE IA 52004 421341284 501(C)(3) 20000 0 3RD OF JULY FIREWORKS AND AIR SHOW DUBUQUE JR BASS CLUB 285 5TH ST EAST DUBUQUE IL 61025 861987726 501(C)(3) 15500 0 WEIGH-IN TRAILER DUBUQUE MAIN STREET LTD 1069 MAIN ST DUBUQUE IA 52001 421260305 501(C)(3) 30000 0 DOWNTOWN DUBUQUE COLLABORATIVE GROWTH DUBUQUE MUSEUM OF ART 701 LOCUST STREET DUBUQUE IA 52001 421071185 501(C)(3) 25000 0 AN ICONIC NEW MUSEUM & CULTURAL ATTRACTION DUBUQUE SOCCER ALLIANCE 2478 HACIENDA DRIVE DUBUQUE IA 52002 421391025 501(C)(3) 45000 0 EQUIPMENT OWNERSHIP DUCKS UNLIMITED INC 1 WATERFOWL WAY MEMPHIS TN 38120 135643799 501(C)(3) 45000 0 DUBUQUE WETLAND REVITALIZATION DYERSVILLE AREA COMMUNITY FOUNDATION PO BOX 213 DYERSVILLE IA 52040 421323377 501(C)(3) 20000 0 PLAYGROUND EQUIPMENT FLY BY NIGHT PRODUCTIONS PO BOX 1377 DUBUQUE IA 52004 421424538 501(C)(3) 11046 0 LED THEATRICAL LIGHTING SYSTEM FOUR MOUNDS FOUNDATION 4900 PERU ROAD DUBUQUE IA 52001 421265303 501(C)(3) 25000 0 SITE & STAFF EXPANSION FRATERNAL ORDER OF EAGLES 1102 E PLATT STREET MAQUOKETA IA 52060 421366413 501(C)(3) 5570 0 2 BEVERAGE COOLERS FOR FUNDRAISING FRIENDS OF ST MARYS DBA STEEPLE SQUARE PO BOX 3188 DUBUQUE IA 52004 464898142 501(C)(3) 35000 0 DESTINATION ENHANCEMENT & MARKETING GIRL SCOUTS OF EASTERN IOWA AND WESTERN ILLINOIS 2644 PENNSYLVANIA AVENUE DUBUQUE IA 52001 421008848 501(C)(3) 20000 0 SHAGBARK CABIN RENOVATION GRAND OPERA HOUSE 135 WEST 8TH STREET DUBUQUE IA 52001 421133812 501(C)(3) 14000 0 WEBSITE DEVELOPMENT & COMMUNITY ENGAGEMENT HERITAGE WORKS INC 489 W 4TH ST DUBUQUE IA 52001 474071538 501(C)(3) 40000 0 CULTURAL DESTINATION & HUB FOR HERITAGE HOLY FAMILY SCHOOLS 2005 KANE DUBUQUE IA 52001 420792429 501(C)(3) 20000 0 HOLY FAMILY STUDENT IMPACT FUND GROWTH HONOR FLIGHT OF DUBUQUE AND THE TRISTATES 1055 UNIVERSITY AVE DUBUQUE IA 52001 853203825 501(C)(3) 20000 0 2025 DUBUQUE HONOR FLLIGHTS IOWA SPECIAL OLYMPICS INC 551 SE DOVETAIL ROAD GRIMES IA 50111 510176029 501(C)(3) 20000 0 SPECIAL OLYMPICS IOWA WINTER GAMES KEY CITY CREATIVE CENTER 1781 WHITE ST DUBUQUE IA 52001 320538342 501(C)(3) 10000 0 KCCC CNC ROUTER PROJECT MULTICULTURAL FAMILY CENTER 1157 CENTRAL AVENUE DUBUQUE IA 52001 270751743 501(C)(3) 25000 0 CULTURAL EVENTS & TEEN PROGRAMMING NORTHEAST IOWA COUNCIL BOY SCOUTS OF AMERICA 10601 MILITARY ROAD DUBUQUE IA 52004 420680414 501(C)(3) 11500 0 YOUTH CAREER EXPLORATION PROGRAMS OAS FOUNDATION 229 CAMPBELL ARDMORE OK 73401 270955100 501(C)(3) 45000 0 ENHANCING COMMUNITY ENGAGEMENT THROUGH FACILITY IMPROVEMENTS OPENING DOORS 1561 JACKSON STREET DUBUQUE IA 52001 421490364 501(C)(3) 10000 0 ON MY OWN - PERMANENT SUPPORTIVE HOUSING PRESENTATION LANTERN CENTER 1584 WHITE ST DUBUQUE IA 52001 134224124 501(C)(3) 40000 0 NEW INITIATIVE HELPS DUBUQUE REFUGEES & IMMIGRANTS THRIVE PROSPERITY EASTERN IOWA INC 7600 COMMERCE PARK DUBUQUE IA 52002 261487858 501(C)(3) 40000 0 FIELDS OF OPPORTUNITIES REGIONAL MARKETING RISING STAR THEATER COMPANY 1310 WHITE ST DUBUQUE IA 52001 273639305 501(C)(3) 10000 0 RSTC NEW EDUCATION PROGRAM SAINT 4 LIFE FOUNDATION 1800 ADMIRAL SHEEHY DR DUBUQUE IA 52001 874200481 501(C)(3) 10000 0 IMON ARENA FACILITIES ENHANCEMENTS SCHMITT ISLAND DEVELOPMENT CORPORATION 1800 ADMIRAL SHEEHY DR DUBUQUE IA 52001 920629253 501(C)(3) 1594594 0 SCHMITT ISLAND FUND THE DRIVER OPERA HOUSE RESTORATION INC PO BOX 62 DARLINGTON WI 53530 261812695 501(C)(3) 14000 0 MARKETING FOR 2024-2025 SEASON THE FOUNTAIN OF YOUTH PROGRAM 220 W 7TH ST DUBUQUE IA 52001 813722764 501(C)(3) 25000 0 ICARE FUNDING NEEDS TOGETHER WE BUILD INC 201 W PLATT ST MAQUOKETA IA 52060 990827561 501(C)(3) 15000 0 JACKSON COUNTY FAIR & EXTENSION/4-H OUTREACH CENTER UW PLATTEVILLE FOUNDATION INC ULLSVIK HALL 1 UNIVERSITY PLAZA PLATTEVILLE WI 53818 396051705 501(C)(3) 25000 0 UW-PLATTEVILLE ATTRACTING, RECRUITING, AND RETAINING DIVERSE POPULATIONS TO THE TRI-STATES VOICES PRODUCTIONS PO BOX 3095 DUBUQUE IA 52004 461571632 501(C)(3) 20000 0 UPLIFTING VOICES THROUGH COMMUNITY ART 1 X X X X 0 0 0 0 0 1 0 0 0 ALEX DIXON CEO & PRESIDENT 543375 0 322144 0 300 0 0 0 29216 0 895035 0 0 0 BRIAN RAKESTRAW CFO & COO 384028 0 162768 0 690 0 26304 0 23598 0 597388 0 0 0 STACY KANSKY CCO 282562 0 85313 0 641 0 5472 0 23525 0 397513 0 0 0 KATHY BUHR DIRECTOR OF PHILANTHROPY & 150000 0 29463 0 120 0 6164 0 22966 0 208713 0 0 0 TRESA HEBER DIRECTOR OF FINANCE (TERMED 2024) 172061 0 30424 0 225 0 0 0 0 0 202710 0 0 0 LANCE CARNAHAN VICE PRESIDENT OF OPERATIONS 138039 0 21879 0 69 0 0 0 22943 0 182930 0 0 0 MILES BREED DIRECTOR OF F&B 139406 0 24334 0 161 0 0 0 0 0 163901 0 0 0 KEN HAUGEN DIRECTOR OF HOTEL OPERATIONS 125552 0 17879 0 284 0 7518 0 0 0 151233 0 0 0 PART I, LINE 1A THE ORGANIZATION PAID COUNTRY CLUB DUES IN THE AMOUNT OF $220 FOR THE YEAR TO THE DUBUQUE GOLF & COUNTRY CLUB FOR THE CEO. PART I, LINE 6 THE CEO'S BONUS FOR THE YEAR IS BASED ON A PERCENTAGE OF ADJUSTED EARNINGS BEFORE TAX, INTEREST, DEPRECIATION AND AMORTIZATION (EBTIDA), AS DEFINED IN HIS WRITTEN EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGED CORNERSTONE GOVERMENT AFFAIRS, INC. TO PROVIDE GOVERNMENTAL AND REGULATORY SERVICES TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FOR COMPLETENESS AND ACCURACY BY THE CHIEF FINANCIAL OFFICER AND THE DIRECTOR OF FINANCE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE INSTRUCTED TO BRING ANY CONFLICTS OF INTEREST TO THE ATTENTION OF MANAGEMENT IF THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 MARKET BASED COMPENSATION STUDIES ARE PERFORMED BY AN OUTSIDE CONSULTANT. SUGGESTIONS ARE TAKEN INTO CONSIDERATION WHEN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: FORGIVENESS OF ACCRUED DISTRIBUTION TO SCHMITT ISLAND FUND 4,700,000. FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE'S PROCEDURES FOR OVERSIGHT OF THE AUDIT HAVE NOT CHANGED FROM THE PRIOR YEAR. THE AUDIT COMMITTEE MEETS WITH AUDITORS AND APPROVES THE AUDIT PRIOR TO PRESENTATION TO THE FULL BOARD.