2026-07-21T13:55:37-05:00 2025-12-31 420946155 HONKAMP PC 2345 JOHN F KENNEDY ROAD DUBUQUE IA 52002 990 2025-01-01 421235183 DUBUQUE RACING ASSOCIATION LTD DUBU 5635823647 1855 GREYHOUND PARK DRIVE DUBUQUE IA 52001 ANTHONY WILLIAMS PRESIDENT & CEO 5635823647 2026-07-01 1 STEPHANIE K METTILLE CPA P01359962 5635560123 2026-07-01 2025 2025-03-06 01:10:19Z ANTHONY WILLIAMS 1855 GREYHOUND PARK DRIVE DUBUQUE IA 52001 65408034 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 21 526 21 0 0 0 0 10588761 10192875 -1199377 360739 25899832 29948028 35289216 40501642 3777654 3433623 0 0 19118941 19005243 0 0 0 18030852 22937162 40927447 45376028 -5638231 -4874386 93840154 132039970 54477344 97551546 39362810 34488424 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 0 4113018 SPONSORSHIP OF A CASINO GAMBLING OPERATION WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS. 37507957 3433623 30609330 OPERATION OF A CASINO GAMING FACILITY WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS. 7680748 0 5425075 OPERATION OF A HOTEL AND RESTAURANT FACILITY ADJACENT TO ASSOCIATION'S CASINO. 45188705 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 103 8707 1 526 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 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 KAY TAKES 2ND VICE CHAIR 5.00 X X 0 0 0 BRAD CAVANAGH MEMBER 1.00 X 0 0 0 CHAD WOLBERS MEMBER AT LARGE 1.00 X 0 0 0 DANNY SPRANK MEMBER 1.00 X 0 0 0 RIC JONES 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 RICHARD DICKINSON MEMBER AT LARGE 5.00 X 0 0 0 MIKE DONOHUE PAST CHAIR 5.00 X X 0 0 0 RON HERRIG MEMBER 1.00 X 0 0 0 EMILY MCCREADY MEMBER 1.00 X 0 0 0 TYSON LEYENDECKER 1ST VICE CHAIR 5.00 X X 0 0 0 DAWN LUEKEN MEMBER 1.00 X 0 0 0 GARY DOLPHIN TREASURER 5.00 X X 0 0 0 MIKE FITZPATRICK MEMBER 1.00 X 0 0 0 HARLEY POTHOFF MEMBER 1.00 X 0 0 0 MICHAEL VAN MILLIGEN CITY MANAGER 1.00 X X 0 0 0 BARBARA O'HEA MEMBER 1.00 X 0 0 0 KEVIN LYNCH SECRETARY 5.00 X X 0 0 0 JAN POWERS MEMBER 1.00 X 0 0 0 LORI THIELEN CHAIR 5.00 X X 0 0 0 ALEX DIXON CEO & PRESIDENT (1/1-1/13/25) 60.00 X 208662 0 7630 STACY KANSKY CCO 50.00 X 401500 0 27638 ANTHONY WILLIAMS CEO & PRESIDENT (7/1- 12/31/25) 60.00 X 350144 0 11647 BRIAN RAKESTRAW CFO & COO 60.00 X 585887 0 41660 MILES BREED DIRECTOR OF F&B 50.00 X 164714 0 23575 LANCE CARNAHAN VICE PRESIDENT OF OPERATIONS 50.00 X 191741 0 23608 KEN HAUGEN DIRECTOR OF HOTEL OPERATIONS 50.00 X 165332 0 31849 KATHY BUHR VP OF PEOPLE, CULTURE AND CONTINUOUS IMPROV. 50.00 X 191807 0 33198 MARTY MAIERS DIRECTOR OF MARKETING 50.00 X 156359 0 27194 2416146 0 227999 9 0 1 0 CONLON CONSTRUCTION 501 BELL ST SUITE 402 DUBUQUE IA 52001 CONSTRUCTION 26281453 DLR GROUP 1430 LOCUST ST STE 200 DES MOINES IA 50309 ARCHITECTURE 1327363 ARISTOCRAT TECHNOLOGIES INC 10220 ARISTOCRAT WAY LAS VEGAS NV 89135 GAMING 787502 LNW GAMING INC LOCKBOX 749335 LOS ANGELES CA 90074 GAMING 442870 WIRED PRODUCTION GROUP 2037 NORTH TOWNE LANE NE CEDAR RAPIDS IA 52402 EVENT AND VIDEO PRODUCTION 433753 5 HOTEL REVENUE 713200 4310772 4310772 ADMISSION FEE 713200 4113018 4113018 TICKET SALES - ENTERTAINMENT 713200 1608129 1608129 CASH ADVANCE COMMISSION 713200 160956 160956 10192875 354219 354219 6520 0 6520 6520 6520 48030262 21329459 26700803 26700803 6227615 3576933 2650682 2650682 MISC 713200 1734372 1734372 ATM SURCHARGE 713200 543083 543083 HGA LOAN VALUATION 713200 -1680912 -1680912 596543 40501642 40147423 0 354219 3433623 3433623 2095074 2095074 12922880 12922880 502313 502313 2154237 2154237 1330739 1330739 42619 42619 144704 144704 1062673 1062673 1727248 1727248 77020 77020 440923 440923 2534964 2534964 73934 73934 2608250 2608250 5534312 5534312 906449 906449 SUPPLIES 3121236 3121236 ENTERTAINMENT 1784629 1784629 LEASE EXPENSE 1026316 1026316 DCI FEES 549462 549462 1302423 1302423 45376028 45188705 187323 0 10329761 32421086 7507142 -4122582 762516 813837 181885 249481 748478 817819 164205698 67314094 60567027 96891604 5661 5661 838012 646992 12899672 4316072 93840154 132039970 10143758 12281861 72536 119357 38456162 78682432 5804888 6467896 54477344 97551546 X 39362810 34488424 39362810 34488424 93840154 132039970 -4874386 0 X X 0 1 X 1 0 52467169 5151053 47316116 66517363 25969545 40547818 22527774 17426385 5101389 22693392 18767111 3926281 96891604 ACCRUED GRANTS 6838393 DEFERRED LOAN FEE -370497 6467896 X 57350900 22771540 22771540 34579360 5922282 5922282 40501642 62225286 22771540 22771540 39453746 5922282 5922282 45376028 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: COGS 1,420,024. GAMING EXPENSES 21,329,459. OTHER ALLOWANCES / PROMOS 22,057. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROMOTIONAL ALLOWANCE EXPENSE INCLUDED IN GAMING REVENUE 4,494,500. FOOD/BEVERAGE ALLOWANCE EXPENSE NETTED WITH REVENUE 1,427,782. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 21,329,459. COGS 1,420,024. OTHER ALLOWANCES / PROMOS 22,057. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROMOTIONAL ALLOWANCE EXPENSE INCLUDED IN GAMING REVENUE 4,494,500. FOOD/BEVERAGE ALLOWANCE EXPENSE NETTED WITH REVENUE 1,427,782. 1 BOYS AND GIRLS CLUB OF GREATER DUBUQUE 1299 LOCUST STREET DUBUQUE IA 52001 420710263 501(C)(3) 20000 0 SHARED PERFORMING ARTS SPACE CARNEGIE STOUT PUBLIC LIBRARY FOUNDATION 360 W 11TH ST DUBUQUE IA 52001 421452704 501(C)(3) 15000 0 BRIGHT BEGINNINGS BOOK-OF-THE-MONTH LITERACY BOX CITY OF DUBUQUE 50 W 13TH STREET DUBUQUE IA 52001 426004596 N/A 1258831 0 CHARITABLE CONTRIBUTION SET ASIDE FOR THE CITY OF DUBUQUE DBQ AIR 300 MAIN STREET SUITE 120 DUBUQUE IA 52001 990859434 501(C)(6) 40000 0 SAVE OUR SERVICE (SOS) FOR ECONOMIC PROSPERITY DBQ AIR 300 MAIN STREET SUITE 120 DUBUQUE IA 52001 990859434 501(C)(6) 10000 0 DBQ MARKETING SPONSORSHIP DUBUQUE ARBORETUM ASSOCIATION INC 3800 ARBORETUM DRIVE DUBUQUE IA 52001 421160989 501(C)(3) 20000 0 BUILDING CAPACITY THROUGH IDENTITY, INFRASTRUCTURE, AND ACCESSIBILITY IMPROVEMENTS DUBUQUE AREA CHAMBER OF COMMERCE 300 MAIN STREET SUITE 200 DUBUQUE IA 52001 420223700 501(C)(3) 20000 0 YP PROGRAM & YP MENTORSHIP PROGRAM DUBUQUE AREA LABOR MANAGEMENT COUNCIL PO BOX 14 DUBUQUE IA 52004 421319578 501(C)(3) 20000 0 SKILLED TRADES CAREER EXPLORATION FOR UNDER-SERVED DUBUQUE CHILDRENS ZOO BOOSTERS 975 GROVER TERRACE DUBUQUE IA 52001 421053874 501(C)(3) 18000 0 ROOM TO GROW: PARKING FOR FAMILIES & FUTURE VISITORS DUBUQUE CHORALE INC 900 JACKSON ST LL5-2D DUBUQUE IA 52001 205778500 501(C)(3) 10000 0 SONGFEST26 DUBUQUE COUNTY HISTORICAL SOCIETY 350 EAST THIRD STREET DUBUQUE IA 52001 426072050 501(C)(3) 25000 0 RESTORATION OF THE MATHIAS HAM HOUSE DUBUQUE DREAM CENTER 1600 WHITE ST DUBUQUE IA 52001 811062794 501(C)(3) 15000 0 KEEPING THE DREAM ALIVE DUBUQUE JAYCEES PO BOX 63 DUBUQUE IA 52004 421341284 501(C)(3) 20000 0 3RD OF JULY FIREWORKS AND AIR SHOW DUBUQUE MUSEUM OF ART 701 LOCUST STREET DUBUQUE IA 52001 421071185 501(C)(3) 15000 0 ATTRACTING NEW AUDIENCES THROUGH AN ORGANIZATIONAL REBRAND DUBUQUE REGIONAL HUMANE SOCIETY 4242 CHAVENELLE ROAD DUBUQUE IA 52002 426039535 501(C)(3) 20000 0 ENHANCING INFORMATION TECHNOLOGY DYERSVILLE AREA COMMUNITY FOUNDATION PO BOX 213 DYERSVILLE IA 52040 421323377 501(C)(3) 15000 0 PLAYGROUND EQUIPMENT EAST DUBUQUE UNIT SCHOOL DISTRICT #119 100 SCHOOL ROAD EAST DUBUQUE IL 61025 361004724 N/A 20000 0 INSTALLATION OF CORRIDOR - A EMERGENCY RESPONSE SYSTEM FOUR MOUNDS FOUNDATION 4900 PERU ROAD DUBUQUE IA 52001 421265303 501(C)(3) 20000 0 SITE & STAFF EXPANSION GRAND OPERA HOUSE 135 WEST 8TH STREET DUBUQUE IA 52001 421133812 501(C)(3) 10000 0 WEBSITE DEVELOPMENT & COMMUNITY ENGAGEMENT GRANT REGIONAL HEALTH CENTER INC 507 S MONROE ST LANCASTER WI 53813 391834962 501(C)(3) 10000 0 BEHAVIORAL HEALTH/OUTPATIENT COUNSELING PROGRAM HILLS AND DALES 1011 DAVIS STREET DUBUQUE IA 52001 421388270 501(C)(3) 20000 0 HILLS & DALES DEVELOPMENTAL & BEHAVIORAL HEALTH CLINIC IOWA LEGAL AID 666 WALNUT STREET 25TH FLOOR DES MOINES IA 50309 421079227 501(C)(3) 14531 0 TECHNOLOGY UPGRADES TO IMPROVE SERVICE DELIVERY IN NORTHEAST IOWA JUNIOR ACHIEVEMENT OF THE HEARTLAND 900 JACKSON ST LL5-2F DUBUQUE IA 52004 364439179 501(C)(3) 10000 0 FINANCIAL LITERACY AND CAREER ENGAGEMENT FOR ALL DUBUQUE COUNTY SCHOOLS LA MOTTE COMMUNITY FIRE DEPARTMENT INC 609 WATER STREET LA MOTTE IA 52054 260775867 501(C)(3) 10954 0 FUNDRAISING EQUIPMENT UPGRADES OF TABLES AND CHAIRS NORTHEAST IOWA SCHOOL OF MUSIC 2728 ASBURY RD SUITE 200 DUBUQUE IA 52001 421510485 501(C)(3) 7500 0 DRIFTLESS REGION YOUTH MUSIC FESTIVAL PRESENTATION LANTERN CENTER 1584 WHITE ST DUBUQUE IA 52001 134224124 501(C)(3) 40000 0 NEW INITIATIVE HELPS DUBUQUE REFUGEES & IMMIGRANTS THRIVE SCHMITT ISLAND DEVELOPMENT CORPORATION 1800 ADMIRAL SHEEHY DR DUBUQUE IA 52001 920629253 501(C)(3) 2567428 0 SCHMITT ISLAND FUND SOUTHWEST WI TECHNICAL COLLEGE FOUNDATION INC 1800 BRONSON BLVD FENNIMORE WI 53809 391828080 501(C)(3) 8000 0 PATHWAYS TO PROSPERITY: BUILDING WORKFORCE, RETAINING TALENT, AND SUPPORTING REGIONAL GROWTH THE DRIVER OPERA HOUSE RESTORATION INC PO BOX 62 DARLINGTON WI 53530 261812695 501(C)(3) 10000 0 MARKETING FOR 2024-2025 SEASON 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 BETHANY HOME 1005 LINCOLN AVENUE DUBUQUE IA 52001 420698260 501(C)(3) 10000 0 OUTDOOR PATIO RENOVATION CAMP ALBRECHT ACRES OF THE MIDWEST 14837 SHERRILL ROAD SHERRILL IA 52073 421125110 501(C)(3) 30000 0 SPECIALTY VAN PURCHASE CRESCENT COMMUNITY HEALTH CENTER 1690 ELM ST SUITE 300 DUBUQUE IA 52001 481302204 501(C)(3) 35000 0 EXPANDING WORKFORCE CAPACITY FOR THE HIGH-NEED ORAL HEALTH FIELD DUBUQUE CHILDCARE COLLABORATIVE LLC 1300 MAIN ST DUBUQUE IA 52001 208792057 501(C)(3) 46963 0 BRIGHT MINDS CAMPUS CHILDCARE AND TRAINING CENTER MOMS CONNECT DUBUQUE 210 JONES STREET DUBUQUE IA 52001 934359990 501(C)(3) 5300 0 MOMS CONNECT PROGRAM DEVELOPMENT THE JACKSON COUNTY ECONOMIC ALLIANCE 120 1/2 SOUTH MAIN STREET MAQUOKETA IA 52060 461473703 501(C)(3) 15000 0 PROMOTING A CULTURE OF INDIVIDUAL EXCELLENCE IN SUCCESSION PLANNING IN JACKSON COUNTY RIVER BEND FOOD BANK 4010 KIMMEL DRIVE DAVENPORT IA 52802 363147342 501(C)(3) 10000 0 ALL HANDS ON DECK THE BUTLER CHILDREN'S GARDEN FOUNDATION 898 MT CARMEL ROAD DUBUQUE IA 52003 883501281 501(C)(3) 50000 0 WANDERWOOD GARDENS 1 X X X X 0 0 0 0 0 1 0 0 0 BRIAN RAKESTRAW CFO & COO 450460 0 134737 0 690 0 17500 0 24160 0 627547 0 0 0 STACY KANSKY CCO 120853 0 134505 0 146142 0 5333 0 22305 0 429138 0 0 0 ANTHONY WILLIAMS CEO & PRESIDENT (7/1- 12/31/25) 275000 0 75000 0 144 0 0 0 11647 0 361791 0 0 0 KATHY BUHR VP OF PEOPLE, CULTURE AND CONTINUOUS 154125 0 37500 0 182 0 9590 0 23608 0 225005 0 0 0 ALEX DIXON CEO & PRESIDENT (1/1-1/13/25) 18462 0 190181 0 19 0 5617 0 2013 0 216292 0 0 0 LANCE CARNAHAN VICE PRESIDENT OF OPERATIONS 154125 0 37500 0 116 0 0 0 23608 0 215349 0 0 0 KEN HAUGEN DIRECTOR OF HOTEL OPERATIONS 143849 0 21000 0 483 0 8267 0 23582 0 197181 0 0 0 MILES BREED DIRECTOR OF F&B 143588 0 20962 0 164 0 0 0 23575 0 188289 0 0 0 MARTY MAIERS DIRECTOR OF MARKETING 143850 0 12250 0 259 0 3612 0 23582 0 183553 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 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 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.