Nonprofit · EIN 26-1516990
IOWA HARNESS RACING ASSOCIATION
Tax-exempt · SWISHER, IA 52338
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,207,545 | $2,073,943 | $133,602 | $1,202,665 | $0 | $1,202,665 |
| December 31, 2024 | 990 | $2,254,154 | $2,016,756 | $237,398 | $1,078,162 | $0 | $1,078,162 |
| December 31, 2023 | 990 | $2,128,888 | $2,132,743 | -$3,855 | $840,764 | $0 | $840,764 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,152,910
- Investment income
- $54,635
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $10,050
- Salaries, compensation and benefits (total)
- $10,050
- Professional fundraising fees
- $0
- Accounting fees
- $5,300
- Program services (functional)
- $2,063,893
- Management and general (functional)
- $10,050
Balance sheet and other
- Total assets, start of year
- $1,078,162
- Total assets, end of year
- $1,202,665
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,202,665
- Net assets without donor restrictions
- $1,202,665
- Gross receipts
- $2,207,545
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2008
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE SHELANGOSKI | TREASURER/DIRECTOR Officer | 0.5 | $8,250 |
| JOHN TERRY | PRESIDENT Officer | 0.2 | $450 |
| EARL MCKAY JR | DIRECTOR Trustee or director | 0.2 | $450 |
| DANA PEDERSON | DIRECTOR Trustee or director | 0.2 | $450 |
| BRAD KOHLWES | DIRECTOR Trustee or director | 0.2 | $450 |
| MARK HOLTAN | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN TERRY | PRESIDENT Officer | 0.2 | $600 |
| EARL MCKAY JR | DIRECTOR Trustee or director | 0.2 | $600 |
| BRAD KOHLWES | DIRECTOR Trustee or director | 0.2 | $600 |
| MARK HOLTAN | DIRECTOR Trustee or director | 0.2 | $600 |
| STEVE SHELANGOSKI | TREASURER/DIRECTOR Officer | 0.5 | $300 |
| DANA PEDERSON | DIRECTOR Trustee or director | 0.2 | $300 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM JOHNSTON | TREASURER/DIRECTOR Officer | 0.5 | $3,300 |
| JOHN TERRY | PRESIDENT Officer | 0.2 | $300 |
| EARL MCKAY JR | DIRECTOR Trustee or director | 0.2 | $300 |
| JIM JOHNSON | DIRECTOR Trustee or director | 0.2 | $0 |
| STEVEN RODUIQUEZ | DIRECTOR Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 413 3RD ST SW, SWISHER, IA 52338-9531
- In care of
- % ROYAL ROLAND
- Principal officer (990 for 2025)
- JOHN TERRY, 3038 290TH ST, GILMAN, IA 50106
- Signed the 990
- JOHN TERRY, PRESIDENT
- Phone
- (319) 310-0075
- Return prepared by
- ROLAND DIELEMAN CPAS
Mission
SUPPORT AND PROMOTE HARNESS HORSE RACING IN IOWA
Program accomplishments
- SPONSOR 35 HARNESS HORSE RACE MEETS IN IOWAExpenses $2,063,893 · revenue $2,152,910
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1516990
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $1,202,665
- Income (IRS master file)
- $2,207,545
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,207,545 | $2,073,943 | $1,202,665 | XML |
| 990 | December 2024 | $2,254,154 | $2,016,756 | $1,078,162 | XML |
| 990 | December 2023 | $2,128,888 | $2,132,743 | $840,764 | XML |
| 990 | December 2022 | $2,050,777 | $2,003,582 | $844,618 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1516990).
Questions about IOWA HARNESS RACING ASSOCIATION
- What is the EIN of IOWA HARNESS RACING ASSOCIATION?
- The employer identification number (EIN) of IOWA HARNESS RACING ASSOCIATION is 26-1516990.
- Is IOWA HARNESS RACING ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2008.
- Are donations to IOWA HARNESS RACING ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA HARNESS RACING ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA HARNESS RACING ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA HARNESS RACING ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IOWA HARNESS RACING ASSOCIATION?
- The 990 for the year ended December 31, 2025 names JOHN TERRY.
- Who are the officers and directors of IOWA HARNESS RACING ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 5 received compensation from the organization, the highest $8,250 (STEVE SHELANGOSKI, TREASURER/DIRECTOR).
- How much revenue does IOWA HARNESS RACING ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,207,545, expenses of $2,073,943 and total assets of $1,202,665 at year end.
Other nonprofits in SWISHER
- PRAIRIE HAWKS BASEBALL CLUB EIN 45-3061374 · last filed 990-N for 2025
- IOWA CITY CYCLOCROSS CLUB EIN 81-4647991 · last filed 990-N for 2024
- MIRACLES IN MOTION THERAPEUTIC EQUESTRIAN CENTER EIN 42-1324801 · last filed 990 for 2025
- JEFFERSON-MONROE FIRE DEPARTMENT INC EIN 33-1168668 · last filed 990 for 2025
- IOWA ASSOCIATION FOR PLAY THERAPY INC EIN 42-1446723 · last filed 990-EZ for 2025
- PROJECT SAFE OF THE CEDAR RIVER CORRIDOR AREA INC EIN 82-3434201 · last filed 990-EZ for 2025
- BEAT CANCER TODAY INC EIN 46-0582681 · last filed 990-EZ for 2025
- JOURNEY INC EIN 83-3393445 · last filed 990-PF for 2025