Nonprofit · EIN 45-1186453
PROSPECT MEADOWS INC
Tax-exempt · MARION, IA 52302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,323,191 | $2,315,657 | $7,534 | $10,883,867 | $4,552,270 | $6,331,597 |
| December 31, 2024 | 990 | $1,777,816 | $2,635,439 | -$857,623 | $11,390,035 | $5,065,972 | $6,324,063 |
| December 31, 2023 | 990 | $2,041,767 | $2,535,831 | -$494,064 | $12,597,677 | $5,345,389 | $7,252,288 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,035,006
- Program service revenue
- $1,156,091
- Investment income
- $28,864
- Net rental income
- $5,760
- Net gain from sales of assets
- $19,680
- Net income from sales of inventory
- $97,470
- Other revenue
- $103,230
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $78,015
- Other salaries and wages
- $264,092
- Salaries, compensation and benefits (total)
- $370,864
- Professional fundraising fees
- $0
- Accounting fees
- $28,060
- Occupancy
- $137,415
- Depreciation
- $912,764
- Program services (functional)
- $2,042,508
- Management and general (functional)
- $131,541
- Fundraising (functional)
- $141,608
Balance sheet and other
- Total assets, start of year
- $11,390,035
- Total assets, end of year
- $10,883,867
- Total liabilities, end of year
- $4,552,270
- Net assets, end of year
- $6,331,597
- Land, buildings and equipment
- $9,796,886
- Net assets without donor restrictions
- $5,845,107
- Net assets with donor restrictions
- $486,490
- Gross receipts
- $2,603,624
- Employees
- 41
- Volunteers
- 22
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 |
|---|---|---|---|
| JACK ROEDER | PRESIDENT Officer | 40 | $78,015 |
| TIM STRELLNER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| TROY MCQUILLEN | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| RICK FREESE | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHARLIE WEBER | TREASURER Trustee or director, Officer | 1 | $0 |
| VICKI HANNA | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTINE LANDA | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN STRELLNER | BOARD MEMBER Trustee or director | 1 | $0 |
| RICK WEBER | TREASURER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK ROEDER | PRESIDENT Officer | 40 | $79,500 |
| TIM STRELLNER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| TROY MCQUILLEN | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| RICK FREESE | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHARLIE WEBER | TREASURER Trustee or director, Officer | 1 | $0 |
| VICKI HANNA | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTINE LANDA | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN STRELLNER | BOARD MEMBER Trustee or director | 1 | $0 |
| RICK WEBER | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTIN PARROTT LEFT 2024 | BOARD MEMBER Trustee or director | – | $0 |
| TOM BRANDT LEFT 2024 | BOARD MEMBER Trustee or director | – | $0 |
| JIM VAN SCOYOC LEFT 2024 | BOARD MEMBER Trustee or director | – | $0 |
| COLETTE ATKINS LEFT 2024 | BOARD MEMBER Trustee or director | – | $0 |
| STEVE HAMMERS LEFT 2024 | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK ROEDER | PRESIDENT Officer | 40 | $79,500 |
| TOM BRANDT | BOARD MEMBER Trustee or director | 1 | $0 |
| RICK FREESE | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAN STRELLNER | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM STRELLNER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| TROY MCQUILLEN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JIM VAN SCOYOC | BOARD MEMBER Trustee or director | 1 | $0 |
| COLETTE ATKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE HAMMES | TREASURER Trustee or director, Officer | 1 | $0 |
| CHARLIE WEBER | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTINE LANDA | BOARD MEMBER Trustee or director | 1 | $0 |
| VICKI HANNA | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTIN PARROTT | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1850 PROSPECT DR, MARION, IA 52302-1800
- Principal officer (990 for 2025)
- CHARLIE WEBER, 2424 CORNERSTONE CT SE, CEDAR RAPIDS, IA 52403
- Signed the 990
- RICK WEBER, TREASURER
- Phone
- (319) 213-1775
- Website
- PROSPECTMEADOWS.COM
- Return prepared by
- FORGE FINANCIAL & MANAGEMENT CONSULTING
Mission
TO PROVIDE ATTRACTIVE, LOCAL AND PROFRESSIONAL OUTDOOR BASEBALL AND SOFTBALL FACILITIES AND PROGRAMS THORUGH 9 FIELDS ON ONE CAMPUS. THESE FACILITIES AND PROGRAMS WILL BE OF SIGNIFICANT BENEFIT TO LOCAL AND 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.
Program accomplishments
- 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.Expenses $2,042,508 · revenue $1,156,091
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
- 45-1186453
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $10,883,867
- Income (IRS master file)
- $2,603,624
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,323,191 | $2,315,657 | $10,883,867 | XML |
| 990 | December 2024 | $1,777,816 | $2,635,439 | $11,390,035 | XML |
| 990 | December 2023 | $2,041,767 | $2,535,831 | $12,597,677 | XML |
| 990 | December 2022 | $4,061,568 | $2,506,514 | $13,904,712 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 45-1186453).
Questions about PROSPECT MEADOWS INC
- What is the EIN of PROSPECT MEADOWS INC?
- The employer identification number (EIN) of PROSPECT MEADOWS INC is 45-1186453.
- Is PROSPECT MEADOWS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PROSPECT MEADOWS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPECT MEADOWS INC 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 PROSPECT MEADOWS INC 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 PROSPECT MEADOWS INC 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 PROSPECT MEADOWS INC?
- The 990 for the year ended December 31, 2025 names CHARLIE WEBER.
- Who are the officers and directors of PROSPECT MEADOWS INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $78,015 (JACK ROEDER, PRESIDENT).
- How much revenue does PROSPECT MEADOWS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,323,191, expenses of $2,315,657 and total assets of $10,883,867 at year end.
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- LINN-MAR BASKETBALL ACADEMY EIN 87-1478612 · last filed 990-EZ for 2025
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- LINN-MAR YOUTH BASEBALL EIN 32-0703854 · last filed 990-EZ for 2025
- MARION INDEPENDANT ATHLETIC BOOSTER CLUB EIN 47-1881226 · last filed 990-EZ for 2025