TY 2015 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)

Do not enter social security numbers on this form as it may be made public.

Information about Form 990 and its instructions is at www.IRS.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

A For the 2015 calendar year, or tax year beginning 01-01-2015 , and ending 12-31-2015

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
DUBUQUE RACING ASSOCIATION LTD

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
1855 GREYHOUND PARK DRIVE

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DUBUQUE, IA52001

D Employer identification number

42-1235183

E Telephone number

G Gross receipts $ 61,853,297

F Name and address of principal officer:
JESUS AVILES
1855 GREYHOUND PARK DRIVE
DUBUQUE,IA52001

Tax-exempt status: 501(c)(3) 501(c) ( 4 ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.DRADUBUQUE.COM

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1985

M State of legal domicile: IA

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: 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
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	21
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	21
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	445
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	4,922,534	6,651,456
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	-257,579	67,218
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	28,165,410	30,228,354
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	32,830,365	36,947,028
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	1,526,399	4,747,229
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	16,806,048	16,369,267
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	20,012,973	13,835,658
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	38,345,420	34,952,154
19	Revenue less expenses. Subtract line 18 from line 12.......	-5,515,055	1,994,874
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	59,164,753	59,680,265
21	Total liabilities (Part X, line 26).............	35,438,014	33,958,652
22	Net assets or fund balances. Subtract line 21 from line 20.....	23,726,739	25,721,613

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2015)

Form 990 (2015)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III ..............

Briefly describe the organization’s mission: 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.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 228 including grants of $ ) (Revenue $ 2,979,776 )
	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.

4b	(Code: ) (Expenses $ 27,610,718 including grants of $ 4,747,229 ) (Revenue $ 1,983,843 )
	OPERATION OF A CASINO GAMING FACILITY WITH PROFITS DISTRIBUTED TO THE CITY OF DUBUQUE AND LOCAL NONPROFIT ORGANIZATIONS.

4c	(Code: ) (Expenses $ 4,692,850 including grants of $ ) (Revenue $ 4,847,528 )
	OPERATION OF A HOTEL AND RESTAURANT FACILITY ADJACENT TO ASSOCIATION'S CASINO.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses32,303,796

Form 990 (2015)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? ...

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I Click to see attachment

.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II..............

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III Click to see attachment

.................

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

..................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

...

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment

.............

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V Click to see attachment

......

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

11f

Yes

12a

Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment

.................

12a

Yes

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........

14b

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) .... Click to see attachment

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment

Yes

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Form 990 (2015)

Page 4

Part IV

Checklist of Required Schedules (continued)

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............

24a

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ...................

25b

Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................

Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV ........................

28a

A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................

28b

An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Form 990 (2015)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

4,690

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

445

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

If "Yes," enter the name of the foreign country: MediumBullet

See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................

Did the sponsoring organization make any taxable distributions under section 4966?...

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Form 990 (2015)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI ..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Yes

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the States with which a copy of this Form 990 is required to be filed MediumBullet

Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

WILLIAM J EICHHORN1855 GREYHOUND PARK DRIVE DUBUQUE,IA52001 (563) 582-3647

Form 990 (2015)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII ..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) GARY DOLPHIN...................................................................... AT LARGE MEMBER	1.00 .................	X		0	0	0
(2) AMBER STADEL...................................................................... MEMBER	1.00 .................	X		0	0	0
(3) HAROLD KNUTSEN...................................................................... MEMBER	1.00 .................	X		0	0	0
(4) JILL REIMER...................................................................... MEMBER	1.00 .................	X		0	0	0
(5) KEVIN LYNCH...................................................................... MEMBER	1.00 .................	X		0	0	0
(6) MIKE DONOHUE...................................................................... MEMBER	1.00 .................	X		0	0	0
(7) PAULA WOLFE...................................................................... MEMBER	1.00 .................	X		0	0	0
(8) RIC JONES...................................................................... MEMBER	1.00 .................	X		0	0	0
(9) RITA MOHR...................................................................... MEMBER	1.00 .................	X		0	0	0
(10) RON HERRIG...................................................................... MEMBER	1.00 .................	X		0	0	0
(11) ROY BUOL...................................................................... MEMBER	1.00 .................	X		0	0	0
(12) SCOTT ZARTMAN...................................................................... MEMBER	1.00 .................	X		0	0	0
(13) SUE BALSAMO...................................................................... MEMBER	1.00 .................	X		0	0	0
(14) TOM HANCOCK...................................................................... MEMBER	1.00 .................	X		0	0	0
(15) RICHARD DICKINSON...................................................................... 1ST VICE CHAIR	1.00 .................		X	0	0	0
(16) BILL CALLAHAN...................................................................... 2ND VICE CHAIR	1.00 .................		X	0	0	0
(17) JESUS AVILES...................................................................... CEO & PRESIDENT	60.00 .................		X	655,610	0	43,651

Form 990 (2015)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)				(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) DUSTIN MANTERNACH........................................................................ CFO & VICE PRESIDENT	50.00 .......................	X			241,037	0	30,619
(19) RUSTY KNIGHT........................................................................ CHAIR	1.00 .......................	X			0	0	0
(20) MICHAEL VAN MILLIGEN........................................................................ CITY MANAGER	1.00 .......................	X			0	0	0
(21) LORI THIELEN........................................................................ PAST CHAIR	1.00 .......................	X			0	0	0
(22) BARBARA O'HEA........................................................................ SECRETARY	1.00 .......................	X			0	0	0
(23) DAN KRUSE........................................................................ TREASURER	1.00 .......................	X			0	0	0
(24) BRIAN SOUTHWOOD........................................................................ ASST VP OF GRANTS & SPECIAL PROJECTS	50.00 .......................		X		169,947	0	26,606
(25) BRIAN RAKESTRAW........................................................................ DIRECTOR OF CASINO OPERATIONS	50.00 .......................		X		137,569	0	18,178
(26) WILLIAM EICHHORN........................................................................ DIRECTOR OF FINANCE	50.00 .......................		X		131,648	0	24,712
(27) TAMI CONZETT........................................................................ DIRECTOR OF GUEST SERVICES	50.00 .......................		X		115,126	0	23,788
(28) DAVID ESAU........................................................................ DIRECTOR OF TABLE GAMES	50.00 .......................		X		123,328	0	24,316
(29) THOMAS WIEDMAYER........................................................................ FORMER COO & VICE PRESIDENT	50.00 .......................			X	139,463	0	14,602

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	1,713,728	0	206,472

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

Yes

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
UNION-HOERMANN PRESS 2175 KERPER BOULEVARD DUBUQUE,IA52004	PRINTING SERVICES	506,475
PLAID SWAN INC 2728 ASBURY ROAD SUITE 650 COVE BU DUBUQUE,IA52001	MARKETING SERVICES	414,580
HILTON WORLDWIDE 7930 JONES BRANCH DRIVE MCLEAN,VA22102	FRANCHISE/HOSPITALITY SERVICES	305,152
AIMBRIDGE HOSPITALITY 2500 DALLAS PKWY 600 PLANO,TX75093	HOSPITALITY SERVICES	263,228
MARK IT SMART 128 E DYER RD SANTA ANA,CA92707	MARKETING/PRINTING	162,031
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 7

Form 990 (2015)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII .............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512-514

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

			Business Code
2a	HOTEL REVENUE	713200	3,559,041	3,559,041
b	ADMISSION FEE	713200	2,979,776	2,979,776
c	CASH ADVANCE COMMISSION	713200	70,241	70,241
d	TICKET SALES- ENTERTAINMENT	713200	42,398	42,398
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			6,651,456

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			55,918			55,918
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	11,300
b	Less: cost or other basis and sales expenses	0
c	Gain or (loss)	11,300
d	Net gain or (loss).....			11,300			11,300
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a		49,429,716
b	Less: direct expenses ...b		22,361,053
c	Net income or (loss) from gaming activities..			27,068,663			27,068,663
10a	Gross sales of inventory, less returns and allowances ..
	a		5,180,460
b	Less: cost of goods sold ..b		2,545,216
c	Net income or (loss) from sales of inventory..			2,635,244	2,635,244
Business Code			Miscellaneous Revenue
11a	ATM SURCHARGE		713200	366,657	366,657
b	ISLAND FEST		713200	142,967	142,967
c	MISCELLANEOUS		713200	14,823	14,823
d	All other revenue ....
e	Total. Add lines 11a–11d ......			524,447
12	Total revenue. See Instructions......			36,947,028	9,811,147	0	27,135,881

Form 990 (2015)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	4,747,229	4,747,229
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	1,435,243		1,435,243
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	11,405,406	10,969,099	436,307
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	457,393	381,284	76,109
9	Other employee benefits .......	1,907,509	1,676,069	231,440
10	Payroll taxes ...........	1,163,716	989,860	173,856
11	Fees for services (non-employees):
a	Management ......	124,694		124,694
b	Legal .........	108,913		108,913
c	Accounting ...........	61,796		61,796
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	500,644	500,644
12	Advertising and promotion ....	2,075,072	2,075,072
13	Office expenses .......	116,249	116,249
14	Information technology ......	168,540	168,540
15	Royalties ..
16	Occupancy ...........	2,470,070	2,470,070
17	Travel ............	38,172	38,172
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	806,213	806,213
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	4,368,130	4,368,130
23	Insurance ...	469,042	469,042
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	SUPPLIES	577,496	577,496
b	MACHINE LEASE EXPENSE	443,916	443,916
c	FRANCHISE FEE	259,546	259,546
d	CESSATION FEE	200,964	200,964
e	All other expenses	1,046,201	1,046,201
25	Total functional expenses. Add lines 1 through 24e	34,952,154	32,303,796	2,648,358	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2015)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX ..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			3,588,673	1	2,763,040
2	Savings and temporary cash investments .........			3,910,497	2	9,137,093
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			331,496	4	331,502
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........			218,365	8	170,330
9	Prepaid expenses and deferred charges ......			790,872	9	431,845
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	103,045,787
b	Less: accumulated depreciation	10b	59,611,832	46,770,969	10c	43,433,955
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			5,661	12	5,661
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............			2,846,805	14	2,633,292
15	Other assets. See Part IV, line 11 ...........			701,415	15	773,547
16	Total assets. Add lines 1 through 15 (must equal line 34)...			59,164,753	16	59,680,265

17	Accounts payable and accrued expenses .....	4,874,664	17	4,839,102
18	Grants payable ...		18
19	Deferred revenue .........	45,258	19	33,669
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..	21,408,846	23	19,840,157
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D	9,109,246	25	9,245,724
26	Total liabilities. Add lines 17 through 25..	35,438,014	26	33,958,652

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	23,726,739	27	25,721,613
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	23,726,739	33	25,721,613
34	Total liabilities and net assets/fund balances ........	59,164,753	34	59,680,265

Form 990 (2015)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI ..............

Total revenue (must equal Part VIII, column (A), line 12) ............

36,947,028

Total expenses (must equal Part IX, column (A), line 25) ............

34,952,154

Revenue less expenses. Subtract line 2 from line 1 ..............

1,994,874

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..

23,726,739

Net unrealized gains (losses) on investments ...............

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))

25,721,613

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII .............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Form 990 (2015)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

DUBUQUE RACING ASSOCIATION LTD

Employer identification number

42-1235183

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV.

Political expenditures ...................................................................................................................... SchCMd Bullet

Volunteer hours .............................................................................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2015

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ...............................................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ...........................................
c	Total lobbying expenditures (add lines 1a and 1b) .......................................................................
d	Other exempt purpose expenditures .........................................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ....................................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) ..........................................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ..........................................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ...........................................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ..............................................................................................................	Yes No

4-Year Averaging Period Under section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2012	(b) 2013	(c) 2014	(d) 2015	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990 or 990-EZ) 2015

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures (see instructions) .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
PART II-B, LINE 1:	LOBBYING ACTIVITIES IN THE AMOUNT OF $160,000 NOT SUBJECT TO SECTION 162(E).

Schedule C (Form 990 or 990EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

DUBUQUE RACING ASSOCIATION LTD

Employer identification number

42-1235183

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

			(a) Donor advised funds	(b) Funds and other accounts

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ...........

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ............................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2015

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........

Part V

Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	(c)Two years back	(d)Three years back	(e)Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations .................

3a(i)

(ii) related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land ...
b	Buildings	12,882,233	719,929	12,162,304
c	Leasehold improvements	39,879,260	12,956,691	26,922,569
d	Equipment ...	34,259,273	30,223,213	4,036,060
e	Other ...	16,025,021	15,711,999	313,022
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				43,433,955

Schedule D (Form 990) 2015

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
ACCRUED GRANTS	4,770,042
CESSATION FEE	4,475,682
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	9,245,724
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2015

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	61,810,469
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	24,930,659
e	Add lines 2a through 2d .....................			2e	24,930,659
3	Subtract line 2e from line 1..................			3	36,879,810
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b	67,218
c	Add lines 4a and 4b....................			4c	67,218
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	36,947,028

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	53,582,845
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	24,907,655
e	Add lines 2a through 2d....................			2e	24,907,655
3	Subtract line 2e from line 1...................			3	28,675,190
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b	6,276,964
c	Add lines 4a and 4b.....................			4c	6,276,964
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	34,952,154

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART X, LINE 2:	THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES OTHER THAN UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS ALSO EXEMPT FROM STATE INCOME TAX. MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ASSOCIATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ASSOCIATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	COGS 2,546,602. GAMING EXPENSES 22,361,053. PORTION OF OTHER INCOME INCLUDED IN GAMING EXPENSES 23,004.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	INVESTMENT INCOME 55,918. GAIN ON DISPOSAL OF FIXED ASSETS 11,300.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	COGS 2,546,602. GAMING EXPENSES 22,361,053.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	PROMOTIONAL ALLOWANCES INCLUDED IN GAMING REVENUE 6,276,962. ROUNDING 2.

Schedule D (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization
DUBUQUE RACING ASSOCIATION LTD

Employer identification number

42-1235183

Part I

Fundraising Activities. Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total . . . . . . . . . . . . . . . . . . . .

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2015

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 (event type)	(b) Event #2 (event type)	(c) Other events (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .
2	Less: Contributions . . . .
3	Gross income (line 1 minus line 2) . . . . . .

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .
7	Food and beverages . . .
8	Entertainment . . . .
9	Other direct expenses . . .
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .			49,429,716	49,429,716

2	Cash prizes . . . . .	10,775,889	10,775,889
3	Noncash prizes . . . .
4	Rent/facility costs . . . .	5,121,383	5,121,383
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

22,361,053

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

27,068,663

Enter the state(s) in which the organization conducts gaming activities: IA

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2015

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

100.000 %

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

WILLIAM J EICHHORN

Address

1855 GREYHOUND PARK DRIVE
DUBUQUE,IA52001

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

JESUS AVILES

Gaming manager compensation right arrow

$ 699,261

Description of services provided right arrow

OVERSEES ALL OPERATIONS OF THE CASINO

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

$ 4,412,229

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).

Return Reference	Explanation

Schedule G (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization
DUBUQUE RACING ASSOCIATION LTD

Employer identification number
42-1235183

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance

(1) CITY OF DUBUQUE 50 W 13TH STREET DUBUQUE,IA52001	42-6004596	CITY OF DUBUQUE	2,206,114	CHARITABLE CONTRIBUTION SET ASIDE FOR THE CITY OF DUBUQUE
(2) AMERICA'S RIVER CORPORATION 300 MAIN STREET SUITE 120 DUBUQUE,IA52001	83-0362812	501(C)(3)	25,000	AMERICA'S RIVER FESTIVAL ENHANCEMENTS
(3) ANAMOSA SCHOOL DISTRICT 200 S GARNAVILLO STREET ANAMOSA,IA52205	42-6000667	501(C)(3)	10,000	ACADEMIC ACCESSIBILITY
(4) AQUIN CATHOLIC ELEMENTARY SCHOOL 608 3RD AVENUE NW CASCADE,IA52033	42-0859383	501(C)(3)	5,000	EMPOWERING STUDENTS THROUGH ACCESSIBLE TECHNOLOGY AND 21ST CENTURY SKILLS
(5) ASBURY COMMUNITY FIRE DEPARTMENT 5485 SARATOGA ROAD ASBURY,IA52002	42-6230470	501(C)(3)	6,300	THERMAL IMAGING CAMERA
(6) AUDUBON SCHOOL 605 LINCOLN AVENUE DUBUQUE,IA52001	42-6001531	501(C)(3)	5,000	AUDUBON CLASSROOM LIBRARIES
(7) BECKMAN HIGH SCHOOL 1325 NINTH STREET SE DYERSVILLE,IA52040	42-0923753	501(C)(3)	10,000	PARKING LOT AND SCHOOL SECURITY
(8) BELLEVUE COMMUNITY SCHOOL DISTRICT 1601 STATE STREET BELLEVUE,IA52031	42-0862704	501(C)(3)	5,000	MULTIPLE SCIENCE ROOM UPGRADES
(9) BERNARD ELEMENTARY SCHOOL 867 BERNARD ROAD BERNARD,IA520329757	42-6039078	501(C)(3)	5,000	LAPTOPS AND LEARNING
(10) BETHANY HOME 1005 LINCOLN AVE DUBUQUE,IA520013458	42-0698260	501(C)(3)	12,500	JEN - 05/07/15 02:24PM WORKSHEET SCHEDULE I
(11) BI-COUNTY AMBULANCE INC 1503 6TH ST SE DYERSVILLE,IA52040	42-1269394	501(C)(3)	10,000	ZOLL AUTO PULSE ACQUISTION
(12) BOYS AND GIRLS CLUB OF GREATER DUBUQUE 1299 LOCUST STREET DUBUQUE,IA520014709	42-0710263	501(C)(3)	9,900	GAMEROOM AIR CONDITIONING
(13) CAMP ALBRECHT ACRES OF THE MIDWEST PO BOX 50 SHERRILL,IA520730050	42-1125110	501(C)(3)	9,000	COMMUNICATION HD
(14) CAMP COURAGEOUS OF IOWA PO BOX 418 MONTICELLO,IA523100418	23-7210932	501(C)(3)	25,000	CAMP COURAGEOUS INDOOR SENSORY PLAYGROUND PROJECT
(15) CARNEGIE STOUT PUBLIC LIBRARY FOUNDATION PO BOX 27 DUBUQUE,IA52004	42-1452704	501(C)(3)	5,000	1,000 BOOKS BEFORE KINDERGARTEN
(16) CASCADE ELEMENTARY SCHOOL 110 HARRISON STREET SE CASCADE,IA52033	42-6039078	501(C)(3)	5,000	LAPTOPS AND LEARNING
(17) CITY OF ASBURY 5080 ASBURY ROAD ASBURY,IA52002	42-0999835	501(C)(3)	5,000	FURNISHINGS FOR COMMUNITY ROOMS
(18) CITY OF BALLTOWN 353 HORSESHOE ROAD SHERRILL,IA52073	42-1475189	501(C)(3)	5,000	DIGITAL SPEED DISPLAY SIGNS
(19) CITY OF BERNARD PO BOX 66 BERNARD,IA52032	42-1186511	501(C)(3)	5,000	RADAR TRAFFIC SPEED SIGNS
(20) CITY OF DELHI PO BOX 225 DELHI,IA52223	42-6018235	501(C)(3)	5,000	SOLAR SPEED INDICATOR SIGNS
(21) CITY OF GARNAVILLO POBOX 185 GARNAVILLO,IA52049	42-6022601	501(C)(3)	10,000	THE GARNAVILLO EMERGENCY SERVICES BUILDING 1ST STEP, CONCRETE
(22) CLARKE UNIVERSITY 1550 CLARKE DRIVE DUBUQUE,IA52001	42-0680408	501(C)(3)	10,000	SIMULATION IN NURSING
(23) COLTS DRUM AND BUGLE CORPS 1101 CENTRAL AVENUE DUBUQUE,IA52001	42-1057444	501(C)(3)	10,000	COLTS MERCHANDISE MARKETPLACE
(24) CRESCENT COMMUNITY HEALTH CENTER 1789 ELM ST SUITE A DUBUQUE,IA52001	48-1302204	501(C)(3)	7,500	IMPROVING TOTAL HEALTH
(25) CUBA CITY HIGH SCHOOL 101 NORTH SCHOOL STREET CUBA CITY,WI53807	04-5003911	501(C)(3)	5,000	LANGUAGE ARTS LAB
(26) DIVINE WORD COLLEGE 102 JACOBY DRIVE EPWORTH,IA52045	42-0788226	501(C)(3)	7,500	MAKING DIVINE WORD COLLEGE SAFE FOR ALL
(27) DREXLER MIDDLE SCHOOL 405 THIRD AVENUE NE FARLEY,IA520460279	42-6039078	501(C)(3)	7,500	SECURITY UPDATES
(28) DUBUQUE ARBORETUM ASSOCIATION INC 3800 ARBORETUM DRIVE DUBUQUE,IA520011040	42-1160989	501(C)(3)	19,948	ACCESSIBLE TOUR PROJECT
(29) DUBUQUE AREA LABOR HARVEST 2617 NEW HAVEN STREET DUBUQUE,IA52001	42-1321098	501(C)(3)	15,000	FURNACE, FOOD GIVE AWAY AND HOT LUNCH PROGRAM
(30) DUBUQUE COMMUNITY SCHOOL DISTRICT FOUNDATION 700 LOCUST STREET SUITE 195 DUBUQUE,IA52001	42-1441694	501(C)(3)	9,140	LEAP TRANSPORTATION SUPPORT
(31) DUBUQUE COUNTY FAIR ASSOCIATION 14569 OLD HIGHWAY ROAD DUBUQUE,IA52002	42-0781909	501(C)(3)	12,500	WATER SERVICE & FIRE PROTECTION
(32) DUBUQUE COUNTY FIREFIGHTERS ASSOCIATION 14928 PUBLIC SAFETY WAY DUBUQUE,IA520028216	42-1505384	501(C)(3)	6,000	CLASSROOM MONITOR AND TECH PROJECT
(33) DUBUQUE FOOD PANTRY 1598 JACKSON STREET DUBUQUE,IA52001	42-1310910	501(C)(3)	15,000	HEALTHY LIVING
(34) DUBUQUE GIRLS INDEPENDENT LEAGUE 3433 CRESCENT RIDGE DUBUQUE,IA52003	42-1495781	501(C)(3)	8,000	24' X 24' PAVILLION
(35) DUBUQUE JAYCEES PO BOX 63 DUBUQUE,IA52004	42-1341284	501(C)(3)	25,000	3RD OF JULY FIREWORKS AND AIR SHOW
(36) DUBUQUE LODGE NO 355 LOYAL ORDER OF MOOSE 2635 WINDSOR AVENUE DUBUQUE,IA52001	42-1386559	501(C)(3)	12,500	REPLACE FLAT ROOF
(37) DUBUQUE MAIN STREET LTD 1069 MAIN ST DUBUQUE,IA52001	42-1260305	501(C)(3)	5,000	TECHNOLOGY IMPROVEMENTS TO ENHANCE & EXPAND DMS & FARMERS' MARKET
(38) DUBUQUE MERCY HEALTH FOUNDATION 250 MERCY DRIVE DUBUQUE,IA52001	26-2227941	501(C)(3)	9,838	REMOTE MONITORING FOR PEOPLE WITH HEART FAILURE
(39) DUBUQUE REGIONAL HUMANE SOCIETY 4242 CHAVENELLE ROAD DUBUQUE,IA52002	42-6039535	501(C)(3)	5,000	21ST CENTURY IT UPGRADE
(40) DUBUQUE SENIOR HIGH SCHOOL 1800 CLARKE DRIVE DUBUQUE,IA52001	42-6001531	501(C)(3)	10,000	MARCHING BAND UNIFORMS
(41) DUBUQUE SYMPHONY ORCHESTRA 2728 ASBURY ROAD SUITE 900 DUBUQUE,IA520012970	23-7429727	501(C)(3)	10,000	MIDORI ORCHESTRA RESIDENCIES PROGRAM
(42) DYERSVILLE AREA COMMUNITY FOUNDATION 1100 16TH AVE CT SE DYERSVILLE,IA52040	42-1323377	501(C)(3)	5,000	ST. MARK'S DYERSVILLE SUMMER LEARNING PROGRAM
(43) DYERSVILLE ELEMENTARY SCHOOL 813 12TH AVE SW DYERSVILLE,IA52040	42-6039078	501(C)(3)	5,000	SOCIAL-EMOTIONAL LEARNING AND BULLY PREVENTION
(44) DYERSVILLE FARMERS COMMUNITY FIRE DEPARTMENT 2257 320TH AVENUE WORTHINGTON,IA520788607	42-6269491	501(C)(3)	5,000	BUNKER GEAR REPLACEMENT
(45) DYERSVILLE FIRE DEPARTMENT 1503 SIXTH STREET SE DYERSVILLE,IA52040	42-1337133	501(C)(3)	5,000	BUNKER GEAR UPGRADE
(46) DYERSVILLE HEALTH FOUNDATION 1111 3RD ST SW DYERSVILLE,IA52040	20-5383271	501(C)(3)	5,000	ADD AUTOMATIC OPENERS TO INTERIOR DOORS
(47) DYERSVILLE RURAL COMMUNITY FOOD PANTRY 602 THIRD STREET SE DYERSVILLE,IA52040	20-8196586	501(C)(3)	8,011	CHRISTMAS FOOD BASKET PROGRAM
(48) EAST DUBUQUE UNIT SCHOOL DISTRICT #119 100 SCHOOL ROAD EAST DUBUQUE,IL61025	36-1004724	501(C)(3)	11,000	21ST CENTURY INTERNET WITH AIRFIBER WIRELESS BRIDGE
(49) EAST DUBUQUE VOLUNTEER FIRE DEPARTMENT 183 SINSINAWA AVENUE EAST DUBUQUE,IL61025	36-3171099	501(C)(3)	7,500	EDFD CARDIAC MONITOR
(50) EPWORTH COMMUNITY FIRE DEPARTMENT PO BOX 436 EPWORTH,IA52045	42-0235950	501(C)(3)	5,000	AIR LIFTING RESCUE BAGS
(51) EPWORTH COMMUNITY VOLUNTEER FIREMEN 191 JACOBY DRIVE EPWORTH,IA52042	42-1090108	501(C)(3)	5,000	MOBILE COMPUTER TERMINALS
(52) EPWORTH ELEMENTARY SCHOOL PO BOX 68 FARLEY,IA52046	42-6039078	501(C)(3)	5,000	EES OUTDOOR SECURITY CAMERA PROJECT
(53) FARLEY ELEMENTARY SCHOOL PO BOX 68 FARLEY,IA52046	42-6039078	501(C)(3)	5,000	FES EARLY LITERACY IPAD PROJECT
(54) FINLEY HEALTH FOUNDATION INC 350 N GRANDVIEW AVENUE DUBUQUE,IA52001	42-1286953	501(C)(3)	10,000	PULMONARY FUNCTION TEST SOFTWARE
(55) FOUR MOUNDS FOUNDATION 4900 PERU ROAD DUBUQUE,IA520018304	42-1265303	501(C)(3)	17,500	ACQUISITION OF TRACTOR FOR IMPROVED LAND SUSTAINABILITY EFFORTS
(56) FOUR OAKS OF DUBUQUE 180 WEST 15TH STREET DUBUQUE,IA52001	42-0998726	501(C)(3)	5,000	CONFERENCE ROOM TECHNOLOGY
(57) FULTON ELEMENTARY SCHOOL 2540 CENTRAL AVENUE DUBUQUE,IA52001	42-6001531	501(C)(3)	5,000	IPADS TO SUPPORT LEARNING
(58) GIRL SCOUTS OF EASTERN IOWA AND WESTERN ILLINOIS 2644 PENNSYLVANIA AVENUE DUBUQUE,IA52001	42-1008848	501(C)(3)	9,748	CAMP LITTLE CLOUD MATTRESS AND RESTROOM PROJECT
(59) GRANT REGIONAL HEALTH CENTER INC 507 S MONROE ST LANCASTER,WI53813	39-1834962	501(C)(3)	5,000	LIFE SAVING MANIKINS
(60) GREELEY FIRE DEPARTMENT 210 WEST 3RD ST GREELEY,IA52050	42-6018298	501(C)(3)	5,000	PURCHASE OF LUCAS 2 CHEST COMPRESSION SYSTEM
(61) HILLCREST FAMILY SERVICES 2005 ASBURY ROAD DUBUQUE,IA52001	42-0680411	501(C)(3)	25,000	HILLCREST ADOLESCENT RESIDENTIAL ROOF PROJECT
(62) HILLS AND DALES 1011 DAVIS STREET DUBUQUE,IA520011397	42-1388270	501(C)(3)	16,320	SECURITY ENHANCEMENT PROJECT
(63) HOLY FAMILY SCHOOLS 2005 KANE DUBUQUE,IA52001	42-0792429	501(C)(3)	9,973	WIRELESS UPGRADE
(64) HOLY GHOST CATHOLIC SCHOOL 2981 CENTRAL AVE DUBUQUE,IA52001	42-0792429	501(C)(3)	5,000	REBUILDING THE LIBRARY COLLECTION
(65) HOLY GHOST EARLY CHILDHOOD CENTER 2981 CENTRAL AVENUE DUBUQUE,IA52001	42-0792429	501(C)(3)	5,275	PROTECTING OUR CHILDREN WITH A SECURE ENTRANCE
(66) HOOVER ELEMENTARY SCHOOL 3259 ST ANNE DRIVE DUBUQUE,IA52001	42-6001531	501(C)(3)	5,000	IPADS AND ACCESSORIES
(67) HOSPICE OF DUBUQUE 1670 JOHN F KENNEDY ROAD DUBUQUE,IA520025106	42-1205973	501(C)(3)	7,593	COMBINATION COPIER/FAX/SCANNER/PRINTER TO SUPPORT HOSPICE CARE DELIVERY
(68) IOWA JAG INC GRIMES BUILDING 3RD FLOOR DES MOINES,IA50319	42-1492988	501(C)(3)	5,000	IJAG: INCREASING SUCCESS FOR DUBUQUE'S GRADUATES
(69) IOWA SPECIAL OLYMPICS INC 551 SE DOVETAIL ROAD GRIMES,IA50111	51-0176029	501(C)(3)	25,000	2016 STATE WINTER GAMES
(70) JACKSON COUNTY SHERIFF 104 SOUTH NIAGARA STREET MAQUOKETA,IA52060	42-6004923	501(C)(3)	6,000	IRECORD INTERVIEW ROOM SYSTEM
(71) LA MOTTE COMMUNITY FIRE DEPARTMENT INC PO BOX 276 LA MOTTE,IA52054	26-0775867	501(C)(3)	10,000	CARDIAC MONITOR AND DEFIBRILLATOR
(72) LINCOLN ELEMENTARY SCHOOL 555 NEVADA STREET DUBUQUE,IA52001	42-6001531	501(C)(3)	5,000	INTERACTIVE TECHNOLOGY FOR READING SUPPORT
(73) LORAS COLLEGE 1450 ALTA VISTA DUBUQUE,IA52001	42-0680412	501(C)(3)	10,000	STEM EDUCATIONAL OUTREACH
(74) MAKE-A-WISH FOUNDATION OF IOWA 3024 104TH STREET URBANDALE,IA50322	42-1310530	501(C)(3)	20,000	DUBUQUE AREA WISH GRANTING
(75) MAQUOKETA FIREFIGHTER'S ASSOCIATION 106 SOUTH NIAGARA STREET MAQUOKETA,IA52060	42-1284374	501(C)(3)	5,000	55 MILES OF NATURAL RECREATION AND DANGER
(76) MARQUETTE HIGH SCHOOL 502 FRANKLIN STREET BELLEVUE,IA52031	42-0955523	501(C)(3)	5,000	MARQUETTE HIGH SCHOOL SPANISH
(77) MARSHALL ELEMENTARY SCHOOL 1450 RHOMBERG AVENUE DUBUQUE,IA52001	42-6001531	501(C)(3)	5,622	STUDENT SAFETY AND SECURITY
(78) MONTICELLO AREA CHAMBER OF COMMERCE INC 204 EAST FIRST STREET MONTICELLO,IA52310	42-1345246	501(C)(3)	5,000	MONTICELLO DOWNTOWN POCKET PARK
(79) NATIONAL EDUCATION CENTER FOR AGRICULTURAL SAFETY 10250 SUNDOWN ROAD PEOSTA,IA52068	36-2167809	501(C)(3)	5,320	INTERACTIVE SPRAYER SIMULATOR
(80) NEW VIENNA & LUXEMBURG COMMUNITY FIRE DEPARTMENT PO BOX 102 NEW VIENNA,IA52065	42-6067472	501(C)(3)	5,000	UPDATE JAWS OF LIFE
(81) NORTHEAST IOWA COMMUNITY COLLEGE FOUNDATION INC 8342 NICC DR PEOSTA,IA52068	42-1178729	501(C)(3)	10,000	SOLAR ENERGY DEMONSTRATION
(82) NORTHEAST IOWA COUNCIL BOY SCOUTS OF AMERICA 10601 MILITARY ROAD DUBUQUE,IA520040732	42-0680414	501(C)(3)	10,000	SAFETY AND TECHNOLOGY INTEGRATION INTO SCOUTING
(83) OPERATION NEW VIEW COMMUNITY ACTION AGENCY 1473 CENTRAL AVENUE DUBUQUE,IA52001	42-1014440	501(C)(3)	9,000	TECHNOLOGY AND CLIENT SERVICES
(84) PLATTEVILLE COMMUNITY ARBORETUM INC PO BOX 302 PLATTEVILLE,WI53818	20-1303033	501(C)(3)	12,500	MOVING PLATTEVILLE OUTDOORS: ROUNTREE BRANCH TRAIL
(85) PRESCOTT ELEMENTARY SCHOOL 1151 WHITE STREET DUBUQUE,IA52001	42-6001531	501(C)(3)	9,795	LEVEL LITERACY READING INTERVENTION PROGRAM
(86) PROJECT CONCERN INC 1789 ELM STREET DUBUQUE,IA520010000	42-1298833	501(C)(3)	5,000	211/INFORMATION & REFERRAL SOFTWARE UPGRADE
(87) RISING STAR THEATRE COMPANY 1310 WHITE ST DUBUQUE,IA52001	27-3639305	501(C)(3)	5,000	RISING STAR THEATRE COMPANY'S 2015 SUMMER YOUTH PROGRAM
(88) RIVERVIEW CENTER 2600 DODGE STREET DUBUQUE,IA52003	36-3920008	501(C)(3)	5,000	CREATING A CAMPUS FREE OF VIOLENCE
(89) SACRED HEART SCHOOL MAQUOKETA 806 EDDY STREET MAQUOKETA,IA52060	42-0725234	501(C)(3)	5,000	COMPUTERS FOR LEARNING
(90) SACRED HEART SCHOOL MONTICELLO 234 N SYCAMORE MONTICELLO,IA52310	42-0733458	501(C)(3)	5,000	MOBLE COMPUTER LAB
(91) SAGEVILLE ELEMENTARY SCHOOL 12015 SHERRILL ROAD DUBUQUE,IA52002	42-6001531	501(C)(3)	5,000	AN APPLE A DAY
(92) SETON CATHOLIC SCHOOL FARLEY 210 SECOND AVENUE SE FARLEY,IA520467740	42-1406457	501(C)(3)	5,000	1:1 COMPUTING CHROMEBOOKS
(93) SHERRILL FIRE PROTECTION ASSOCIATION PO BOX 31 SHERRILL,IA52073	23-7445074	501(C)(3)	5,000	RESCUE / EMERGENCY RESPONSE BOAT MOTOR REPLACEMENT
(94) SHULLSBURG SCHOOL DISTRICT PO BOX 428 SHULLSBURG,WI53586	39-6004487	501(C)(3)	5,000	SCHOOL SIGN
(95) SOUTHWEST HEALTH CENTER FOUNDATION 1400 EAST SIDE ROAD PLATTEVILLE,WI53818	39-1977502	501(C)(3)	5,000	EMERGENCY VOLUNTEER TRAINING
(96) ST CLEMENT SCHOOL 330 W MAPLE ST LANCASTER,WI53813	39-0826120	501(C)(3)	5,000	COMPUTER LAB
(97) ST COLUMBKILLE SCHOOL 1198 RUSH STREET DUBUQUE,IA52001	42-0792429	501(C)(3)	5,000	STRENGTHENING SKILLS USING ONLINE DEVICES
(98) ST FRANCIS XAVIER SCHOOL DYERSVILLE 203 SECOND STREET SW DYERSVILLE,IA520401626	26-4261539	501(C)(3)	5,000	COMPUTER LAB UPDATES
(99) ST JOHN LUTHERAN CHURCH 1276 WHITE ST DUBUQUE,IA52001	23-7421408	501(C)(3)	8,945	ADDRESSING HEALTH AND SAFETY CONCERNS FOR ALMOST HOME MINISTRY
(100) ST JOSEPH SCHOOL BELLEVUE 403 PARK STREET BELLEVUE,IA52031	42-0955523	501(C)(3)	5,000	ST. JOSEPH ELEMENTARY GUIDED READING TEXTS
(101) ST MARK YOUTH ENRICHMENT 1201 LOCUST STREET DUBUQUE,IA52001	42-1338364	501(C)(3)	5,000	ST. MARK YOUTH ENRICHMENT'S SAFE STUDENTS
(102) ST MARY CHURCH CORPORATION 1229 MOUNT LORETTA AVE DUBUQUE,IA52003	42-0741001	501(C)(3)	20,000	ST. MARY CHURCH FACILITIES ACCESSIBILITY IMPROVEMENTS
(103) ST RAPHAEL CATHEDRAL 231 BLUFF ST DUBUQUE,IA52001	42-0703275	501(C)(3)	5,000	KEEPING THE CATHEDRAL SAFE
(104) ST STEPHEN FOOD BANK 3145 CEDAR CREST RIDGE DUBUQUE,IA52001	42-1222356	501(C)(3)	15,000	FEEDING THE NEEDY
(105) ST VINCENT DE PAUL 4990 RADFORD ROAD DUBUQUE,IA520022261	42-0890358	501(C)(3)	7,000	SHARING THE WARMTH
(106) STONEHILL BENEVOLENT FOUNDATION 3485 WINDSOR AVENUE DUBUQUE,IA520011312	42-1337556	501(C)(3)	10,000	LIGHTING THE WAY
(107) TABLE MOUND ELEMENTARY SCHOOL 100 TOWER DRIVE DUBUQUE,IA520038074	42-6001531	501(C)(3)	5,000	(STORY)BOARD IN SCHOOL
(108) THE WORKSHOP PO BOX 6087 GALENA,IL61036	36-2646411	501(C)(3)	5,000	EQUIPMENT FOR LAUNDRY TRAINING
(109) TOWN OF GRAF 580 LOLA LANE DURANGO,IA52039	42-1186515	501(C)(3)	5,000	RADAR SPEED SIGNS FOR GRAF ROAD
(110) TRI STATE INDEPENDENT BLIND SOCIETY 3333 ASBURY ROAD DUBUQUE,IA520022802	42-6189594	501(C)(3)	7,500	REPLACE TRANSPORTATION VAN FOR BLIND CLIENTS
(111) TWO BY TWO CHARACTER DEVELOPMENT 470 W 4TH STREET DUBUQUE,IA52001	20-3437767	501(C)(3)	6,000	CHARACTER LITERATURE LIBRARY
(112) UNITED CHURCHES OF GALENA FOOD PANTRY 971 GEAR STREET GALENA,IL61036	36-4368170	501(C)(3)	11,300	MILK, FRESH FRUITS & VEGETABLES,FOOD BANK PURCHASES
(113) UNITED WAY OF DUBUQUE AREA TRI-STATES 215 WEST SIXTH STREET DUBUQUE,IA520016809	42-0761060	501(C)(3)	20,000	UNITED WAY'S DOLLY PARTON IMAGINATION LIBRARY
(114) WAHLERT CATHOLIC HIGH SCHOOL 2005 KANE ST DUBUQUE,IA52001	42-0792429	501(C)(3)	5,000	RESSURECT STRING ORCHESTRA PROGRAM
(115) WEST DELAWARE COUNTY COMMUNITY SCHOOL DISTRICT 701 NEW STREET MANCHESTER,IA52057	42-6037588	501(C)(3)	5,000	MIDDLE SCHOOL BAND INSTRUMENTS
(116) WESTERN DUBUQUE HIGH SCHOOL 302 FIFTH AVENUE SW EPWORTH,IA52045	42-6039078	501(C)(3)	5,000	SECURITY LIGHTING

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

115

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2015

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of non-cash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of non-cash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	GRANT APPLICATIONS ARE REVIEWED AND APPROVED. AN ORGANIZATION MUST PROVIDE DOCUMENTATION THAT GRANT MONIES WERE SPENT IN ACCORDANCE WITH THE APPROVED PURPOSE. THE DUBUQUE RACING ASSOCIATION VP OF GRANTS AND SPECIAL PROJECTS ALSO PERFORMS SITE VISITS TO ENSURE THAT MONIES ARE BEING SPENT FOR THE PROPER PURPOSE.

Schedule I (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

DUBUQUE RACING ASSOCIATION LTD

Employer identification number

42-1235183

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization?

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization?

Yes

Any related organization? .........................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2015

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JESUS AVILESCEO & PRESIDENT	(i) (ii)	450,000 ------------- 0	199,604 ------------- 0	6,006 ------------- 0	0 ------------- 0	43,651 ------------- 0	699,261 ------------- 0	0 ------------- 0
2DUSTIN MANTERNACHCFO & VICE PRESIDENT	(i) (ii)	187,488 ------------- 0	41,475 ------------- 0	12,074 ------------- 0	0 ------------- 0	30,619 ------------- 0	271,656 ------------- 0	0 ------------- 0
3BRIAN SOUTHWOODASST VP OF GRANTS & SPECIAL PROJECTS	(i) (ii)	132,652 ------------- 0	28,866 ------------- 0	8,429 ------------- 0	0 ------------- 0	26,606 ------------- 0	196,553 ------------- 0	0 ------------- 0
4BRIAN RAKESTRAWDIRECTOR OF CASINO OPERATIONS	(i) (ii)	122,258 ------------- 0	15,311 ------------- 0	0 ------------- 0	0 ------------- 0	18,178 ------------- 0	155,747 ------------- 0	0 ------------- 0
5WILLIAM EICHHORNDIRECTOR OF FINANCE	(i) (ii)	110,879 ------------- 0	14,213 ------------- 0	6,556 ------------- 0	0 ------------- 0	24,712 ------------- 0	156,360 ------------- 0	0 ------------- 0
6THOMAS WIEDMAYERFORMER COO & VICE PRESIDENT	(i) (ii)	89,365 ------------- 0	43,134 ------------- 0	6,964 ------------- 0	0 ------------- 0	14,602 ------------- 0	154,065 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2015

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 1A	THE ORGANIZATION PAID COUNTRY CLUB DUES IN THE AMOUNT OF $5,252 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.

Schedule J (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

DUBUQUE RACING ASSOCIATION LTD

Employer identification number

42-1235183

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	THE ORGANIZATION ENGAGED AIMBRIDGE HOSPITALITY, LLC TO OVERSEE MANAGERIAL DUTIES OF THE HOTEL OPERATION.
FORM 990, PART VI, SECTION B, LINE 11	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.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

TY 2015 ReasonableCauseExplanation

Name:

DUBUQUE RACING ASSOCIATION LTD

EIN:

42-1235183

Explanation:

THE 2015 FORM 990 WAS ORIGINALLY PAPER-FILED TO INCLUDE AS AN ATTACHMENT THE LIST OF DONATIONS MADE BY THE TAXPAYER INCLUDED ON SCHEDULE I, WHICH INCLUDES 115 DIFFERENT ORGANIZATIONS. AS PREPARERS, WE BELIEVED THAT THE HIGH NUMBER OF DONEE ORGANIZATIONS WERE BEST REPRESENTED ON AN ATTACHED SCHEDULE AND SINCE FILE ATTACHMENTS ARE NOT ALLOWED TO THE FORM 990, THAT A PAPER FILING WAS BOTH ALLOWABLE AND WAS THE BEST OPTION UNDER THE CIRCUMSTANCES.UPON RECEIPT OF YOUR NOTICE, THE MATTER WAS IMMEDIATELY CORRECTED AND AN ELECTRONIC RETURN WAS PROMPTLY FILED. IT IS THE POSITION OF THE TAXPAYER THAT THE ABOVE FACTS SHOW REASONABLE CAUSE FOR LATE FILING OF THE 2015 FORM 990, AND THAT THERE IS HAS BEEN NO WILLFUL NEGLECT OR INTENTIONAL DISREGARD OF THE LAW.