TY 2021 Form 990

(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)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) Albaugh Dennis...................................................................... Vice Chair	4.00 ................. 0.00	X		0	0
(2) Chittenden Bob...................................................................... Board Member	4.00 ................. 0.00	X		0	0
(3) Grandquist Linda...................................................................... Board Member	5.00 ................. 0.00	X		0	0
(4) Homan Danny...................................................................... Board Member	4.00 ................. 0.00	X		0	0
(5) Marasco Frank...................................................................... Board Member	4.00 ................. 0.00	X		0	0
(6) Martin Marty...................................................................... Board Member	4.00 ................. 0.00	X		0	0
(7) Neugent Gerry...................................................................... Immediate Past Chair	4.00 ................. 0.00	X		0	0
(8) Neville Dr Steven...................................................................... Board Member (Start 11/21)	4.00 ................. 0.00	X		0	0
(9) O'Hollearn Bob...................................................................... Board Member	4.00 ................. 0.00	X		0	0
(10) Radia Suku...................................................................... Chairman	4.00 ................. 0.00	X		0	0
(11) Rasmussen Kurt...................................................................... Board Member (End 11/21)	4.00 ................. 0.00	X		0	0
(12) Sagar Ken...................................................................... Board Member	4.00 ................. 0.00	X		0	0
(13) Simon Mary...................................................................... Secretary	4.00 ................. 0.00	X		0	0
(14) Voss Susan...................................................................... Board Member	4.00 ................. 0.00	X		0	0
(15) Palmer Gary E...................................................................... President, CEO	55.00 ................. 0.00		X	864,954	38,704
(16) Rhines Bradley Christopher...................................................................... Executive Vice President	55.00 ................. 0.00		X	561,487	21,925
(17) Atkin Ann M...................................................................... SR VP-Chief Operating Officer	55.00 ................. 0.00		X	466,494	21,017

(A) Name and business address	(B) Description of services	(C) Compensation
The Weitz Company LLC 420 Watson Powell Jr Way Ste 100 Des Moines,IA50309	Construction Contractor	645,734
Data Business Equipment 10513 Buena Vista Ct Des Moines,IA50322	Equipment Repair/Maintenance	523,555
United Tote Company 600 N Hurstbourne Pkwy Ste 400 Louisville,KY40222	Totalisator	456,216
Global Payments Gaming Services Inc POBox 936914 Atlanta,GA31193	Check Processing	390,873
The Waldinger Corporation 6200 Scout Trail Des Moines,IA50321	Project Management/Engineering	344,863
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 18

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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.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

Prairie Meadows Race Track and Casino
Inc

Employer identification number

42-1244913

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 7/25/06, 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 FASB 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 FASB 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 FASB 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) 2021

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

Term 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 ....
c	Leasehold improvements	5,571,205	959,026	4,612,179
d	Equipment ....	56,126,541	51,052,671	5,073,870
e	Other .....	12,506,363	10,852,857	1,653,506
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				11,339,555

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other 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

Investments - Program 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
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	17,353,909
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) 2021

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	238,131,970
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
e	Add lines 2a through 2d .....................			2e	0
3	Subtract line 2e from line 1..................			3	238,131,970
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	2,228,523,405
c	Add lines 4a and 4b....................			4c	2,228,523,405
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	2,466,655,375

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	183,420,111
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	-2,228,484,371
e	Add lines 2a through 2d....................			2e	-2,228,484,371
3	Subtract line 2e from line 1...................			3	2,411,904,482
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
c	Add lines 4a and 4b.....................			4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	2,411,904,482

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:	As of December 31, 2021 and 2020, the Non profit determined that there are no tax benefits or liabilities associated with uncertain tax positions. No interest or penalties have been accrued in the statements of activities and change in net assets. The Non profit's calendar years for 2018 on remain subject to examination by the governing tax authorities.
Part XI, Line 4b - Other Adjustments:	Adjustment of Casino, Pari-Mutuel, Food & Beverage, Banquet, Gift Shop 2,228,297,214. Equibase income and interest income 43,582. Reclass gain on sale of fixed assets 179,524. Recoveries of prior year grants 3,085.
Part XII, Line 2d - Other Adjustments:	Adjustment of Casino, Pari-Mutuel, Food & Beverage, Banquet, Gift Shop -2,228,297,214. Interest expense -4,548. Recoveries of prior year grants -3,085. Reclass gain on sale of fixed assets -179,524.

Schedule D (Form 990) 2021

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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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization
Prairie Meadows Race Track and Casino
Inc

Employer identification number
42-1244913

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	(h) Purpose of grant or assistance
(1) North Polk Community School District 13930 NE 6th Street Alleman,IA50007	42-6023656	501(c)(3)	16,192	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(2) Altoona Area Chamber of Commerce 119 2nd Street SE Ste A Altoona,IA50009	42-1146309	501(c)(6)	6,115	Annual Awards Table
(3) Swerve Outreach PO Box 430 Altoona,IA50009	47-3075976	501(c)(3)	7,000	Kids Cafe Cares, PE Shoes and Clothing for Underserved Students
(4) Altoona Public Library 700 8th Street SW Altoona,IA50009	42-6004210	501(c)(3)	7,240	Library of Play
(5) SCI CAN Foundation 6596 NE 56th Street Altoona,IA50009	46-0831711	501(c)(3)	10,000	Family Wheelchair Camp
(6) Southeast Polk Kiwanis (Altoona Kiwanis Club) PO BOX 203 Altoona,IA50009	42-1393058	501(c)(4)	10,000	KIWANIS TRAILER REPLACEMENT
(7) Greater Altoona Girls Softball Association PO Box 131 Altoona,IA50009	42-1238088	501(c)(3)	11,600	Concession Stand Remodel
(8) Iowa Donor Network 320 Adventureland Drive Altoona,IA50009	42-1414092	501(c)(3)	15,000	Live On Initiative
(9) Southeast Polk Education Foundation PO BOX 203 Altoona,IA50009	47-1229966	501(c)(3)	20,000	SEP Dollars for Scholars and SEP Education Foundation Black and Gold Gala
(10) Altoona Baseball Recreational League PO BOX 203 Altoona,IA50009	27-4461327	501(c)(3)	26,000	2021 Same Wise Field Improvements
(11) City of Altoona Fire Department 950 Venbury Drive Altoona,IA50009	42-6004210	501(c)(3)	99,700	Altoona Fire Department Training Center - Phase 1
(12) Downtown Des Moines Self-Supported (Operation Downtown) 700 Locust St Ste 100 Altoona,IA50009	86-1058466	501(c)(3)	75,000	Court District enterainment Zone - 2021
(13) Altoona Economic Development 200 1st Ave South Altoona,IA50009	26-1460205	501(c)(3)	50,000	Destination Altoona
(14) Iowa 4-H Foundation 1259 Stange Rd Ames,IA50011	42-6061606	501(c)(3)	10,000	Iowa 4-H SWITCH
(15) ACTORS Inc PO Box 1548 120 Abraham Drive Ames,IA50014	23-7346004	501(c)(3)	15,000	Stage lighting
(16) Ankeny Comm School District 306 SW School St Ankeny,IA50021	42-6021919	501(c)(3)	114,993	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(17) Des Moines Area Community College Foundation 2006 S Ankeny Blvd Bldg 22 Ankeny,IA50023	23-7229486	501(c)(3)	300,000	Modernization and Renovation of the DMACC Urban Campus
(18) Des Moines Area Community College Foundation 2006 S Ankeny Blvd Bldg 22 Ankeny,IA50023	23-7229486	501(c)(3)	25,000	2021 DMACC CEO Golf Title Sponsor
(19) Des Moines Area Community College Foundation 2006 S Ankeny Blvd Bldg 22 Ankeny,IA50023	23-7229486	501(c)(3)	25,000	2022 DMACC CEO Golf Title Sponsor
(20) On With Life Foundation 715 SW Ankeny Road Ankeny,IA50023	42-1399777	501(c)(3)	15,000	MediTouch Therapy Package
(21) Bondurant Little League & Softball PO Box 304 Bondurant,IA50035	42-1475067	501(c)(3)	15,000	Bondurant Recreational Sports Complex Parking Project
(22) Bondurant Farrar Community 1000 Grant St Bondurant,IA50035	42-6037271	501(c)(3)	18,476	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(23) Animal Lifeline of Iowa PO Box 12 Carlisle,IA50047	42-1341320	501(c)(3)	10,000	Veterinary & Rehab Care to Save Dogs & Cats with Special Needs
(24) Carlisle Community School 430 School Street Carlisle,IA50047	42-0898003	501(c)(3)	6,679	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(25) City of Colfax 15 E Howard Colfax,IA50054	42-6004408	501(c)(3)	27,500	Kelly Fields Community Betterment
(26) Dallas Center Grimes School District PO Box 512 Dallas Center,IA50063	42-6001334	501(c)(3)	21,018	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(27) Hartford Volunteer Fire Department 150 W Elm Street Hartford,IA50118	27-2085249	501(c)(3)	5,827	40hp Boat Motor
(28) Indianola Community Youth Foundation PO Box 423 Indianola,IA50125	27-2131250	501(c)(3)	9,198	Show Choir Drapery
(29) Des Moines Metro Opera Inc 106 W Boston Ave Indianola,IA50125	23-7319903	501(c)(3)	10,000	Des Moines Metro Opera presents "Porgy and Bess"
(30) Des Moines Metro Opera Inc 106 W Boston Ave Indianola,IA50125	23-7319903	501(c)(3)	50,000	A Thousand Acres
(31) Garden Gate Ranch Inc PO Box 8351 Des Moines,IA50131	81-4408744	501(c)(3)	35,000	Garden Gate Ranch - Transitional Living Cottage (#2)
(32) Johnston Community School District 5608 Merle Hay Rd Johnston,IA50131	42-6002176	501(c)(3)	74,429	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(33) John L Lewis Commission PO Box 3 Lucas,IA50151	42-1280820	501(c)(3)	10,000	Restoration & Beautification of the Bandstand.
(34) City of Milo PO Box 111 Milo,IA50166	42-6004967	501(c)(3)	30,500	MILO'S CENTENNIAL PARK - BALL FIELD LIGHTING
(35) Mitchellville Community Center Inc 120 2nd Street NE Mitchellville,IA50169	42-1439042	501(c)(3)	6,745	Parking Lot Revitalization
(36) Mitchellville Firefighters Association Inc PO Box 67 Mitchellville,IA50169	42-1508814	501(c)(3)	10,000	Mitchellville Firefighters Association Air Packs (SCBA)
(37) Southeast Polk Community School 308 Elm Ave NW Mitchellville,IA50170	42-0863054	Government Entity	76,460	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(38) Northern Warren Firefighters Association 2300 R63 Highway Norwalk,IA50211	42-1525355	501(c)(3)	10,000	Firefighting Battery Powered Extrication Tools
(39) Pleasantville Betterment Organization 102 S Watkins Pleasantville,IA50225	81-1171341	501(c)(3)	15,000	Jasper Street Park
(40) Pleasant Hill Soccer Club PO Box 57265 Runnells,IA50237	42-1440222	501(c)(3)	7,500	PHSC Soccer Complex Goals and Equipment
(41) Waukee Betterment Foundation PO Box 654 Waukee,IA50263	20-4379180	501(c)(3)	175,000	Triumph All-Inclusive Park
(42) Furry Friends Refuge 1211 Grand Ave West Des Moines,IA50265	26-1439111	501(c)(3)	7,665	Accessible pet medical assistance
(43) Iowa Service Dogs PO Box 65056 West Des Moines,IA50265	84-3525069	501(c)(3)	10,000	IOWA Service Dogs Class of 2024
(44) Meals from the Heartland 357 Lincoln Street West Des Moines,IA50265	26-3443290	501(c)(3)	10,000	Martin Luther King Jr. Day of Service Meal Packaging
(45) Bridges Of Iowa 1211 Vine Street West Des Moines,IA50265	42-1493229	501(c)(3)	100,000	Bridges of Iowa Long-Term Sustainability Plan
(46) Camp Hertko Hollow 4200 University Avenue Suite 320 West Des Moines,IA50266	76-0717999	501(c)(3)	10,000	Camp Hertko Hollow 2021 - Iowa's Camp for Kids with Diabetes
(47) The ALS Association Iowa Chapter 3636 Westown Pkwy Ste 204 West Des Moines,IA50266	30-0051272	501(c)(3)	10,000	Quality of Life Grant and Walk to Defeat ALS
(48) Can Play (Courage League Sports) 5443 Beechtree Drive West Des Moines,IA50266	46-1443733	501(c)(3)	10,000	Can Play gets everyBODY moving!
(49) Iowa Asian Alliance 6919 Vista Drive West Des Moines,IA50266	20-0557881	501(c)(3)	10,000	CelebrAsian 2022 Annual Asian Heritage Festival - 19th Anniversary
(50) Food Bank Of Iowa PO Box 1517 Des Moines,IA50305	42-1177880	501(c)(3)	15,000	Hunger Free Holidays
(51) Iowa College Foundation 505 5th Ave Ste 1034 Des Moines,IA50309	42-0745995	501(c)(3)	97,750	Prairie Meadows Scholarship Program
(52) Iowa Center for Children's Justice 501 SW 7th Street Suite G Des Moines,IA50309	85-0809774	501(c)(3)	8,750	Iowa Center for Children's Justice Divorce Workshops
(53) Des Moines Arts Festival 700 Locust Street Ste 100 Des Moines,IA50309	42-1471969	501(c)(3)	10,000	Des Moines Arts Festival
(54) Homes For Iowa Inc 400 East Court Ave Suite 126 Des Moines,IA50309	83-3044628	501(c)(3)	175,000	House Moving Equipment
(55) Blank Children's Hospital 1415 Woodland Avenue Suite E200 Des Moines,IA50309	42-1467682	501(c)(3)	225,000	STAR & Developmental Center Expansion Project
(56) Bravo Greater Des Moines Inc 700 Locust Street Suite 100 Des Moines,IA50309	20-3598346	501(c)(3)	25,000	BRAVO Awards Gala
(57) Young Women's Resource Center 818 5th Ave Des Moines,IA50309	51-0186073	501(c)(3)	5,237	Building Connections with Young Women
(58) Iowa Health Foundation dba UnityPoint Health - Des Moines 1415 Woodland Avenue Suite E-200 Des Moines,IA50309	42-1467682	501(c)(3)	7,500	Pink Days - Free Mammogram Program (John Stoddard Cancer Center)
(59) Iowa Health Foundation dba UnityPoint Health - Des Moines (Eyerly Ball) 1415 Woodland Avenue Suite E-200 Des Moines,IA50309	42-1467682	501(c)(3)	7,551	Kitchen & Bathroom Renovation for Residents of Eyerly Ball
(60) Iowa Health Foundation dba UnityPoint Health - Des Moines 1415 Woodland Avenue Suite E-200 Des Moines,IA50309	42-1467682	501(c)(3)	7,800	Reducing Pain, Enhancing Nursing Skills
(61) Des Moines Public Library Foundation 1000 Grand Avenue Des Moines,IA50309	42-1484890	501(c)(3)	8,500	2021 Summer Reading & School Readiness
(62) Downtown Events Group 700 Locust Street Des Moines,IA50309	75-3175987	501(c)(3)	10,000	DSM Book Festival
(63) Iowa Soccer Development Foundation Inc 1459 Grand Avenue Des Moines,IA50309	84-4367003	501(c)(3)	12,010	Soccer Equipment for Youth
(64) Des Moines Performing Arts 221 Walnut Street Des Moines,IA50309	51-0138181	501(c)(3)	20,000	2021-22 Applause Series
(65) Diocese of Des Moines 601 Grand Avenue Des Moines,IA50309	42-0680255	501(c)(3)	79,830	Catholic Schools within the Diocese of Des Moines Metro Area
(66) Hoyt Sherman Place Foundation 1501 Woodland Ave Des Moines,IA50309	42-1433940	501(c)(3)	100,000	Hoyt Sherman Place Mansion Restoration, Preservation and Access for All
(67) Central Iowa Shelter & Services 1420 Mulberry Street Des Moines,IA50309	42-1394212	501(c)(3)	200,000	Phase II - Permanent Housing & Expansion
(68) American Legion of Iowa 720 Lyon St Des Moines,IA50309	42-0113070	501(c)(19)	15,000	Vets of Valor
(69) Greater Des Moines Partnership 700 Locust St Ste 100 Des Moines,IA50309	42-1489668	501(c)(6)	330,000	2022 Investor Commitment (Year 3 of 5)
(70) Polk County Iowa 111 Court Ave Rm 315 Des Moines,IA50309	42-6004519	Government Entity	11,350,521	Net Receipts Contribution
(71) Iowa Coalition Against Sexual Assault 3030 Merle Hay Road Des Moines,IA50310	42-1178333	501(c)(3)	10,000	Communities of Color Summit 2022
(72) Joppa 2326 Euclid Avenue Des Moines,IA50310	27-0216625	501(c)(3)	30,000	Joppa Homeless Services
(73) CROSS Outreach 3226 University Avenue Des Moines,IA50311	83-2057712	501(c)(3)	10,000	CROSS Outreach Homelessness Prevention
(74) Latino Resources dba Latino Heritage Festival 4217 University Ave Suite 1 Des Moines,IA50311	54-2074268	501(c)(3)	10,000	The Latino Heritage Festival
(75) Drake University 2507 University Avenue Des Moines,IA50311	42-0680460	501(c)(3)	200,000	Tom and Ruth Harkin Center
(76) Orchard Place 2116 Grand Ave Des Moines,IA50312	42-1463736	501(c)(3)	5,994	Recreation Equipment for Orchard Place Campus
(77) Des Moines Historical Society-Waveland Trolley Loop Project 2716 Grand Ave Des Moines,IA50312	37-1588947	501(c)(3)	6,800	Waveland Trolley Loop Project
(78) American Red Cross 2116 Grand Ave Des Moines,IA50312	53-0196605	501(c)(3)	10,000	Home Fire "Sound The Alarm Save A Life" Campaign
(79) Junior Achievement of Central Iowa 6100 Grand Ave Des Moines,IA50312	42-0759070	501(c)(3)	75,000	JA Finance Park
(80) Junior Achievement of Central 6100 Grand Ave Des Moines,IA50312	42-0759070	501(c)(3)	7,400	Golf Tournament
(81) Des Moines Independent School District 2323 Grand Ave Des Moines,IA50312	42-6001433	501(c)(3)	374,255	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(82) Polk County Sheriff's Office 1985 NE 51st Place Des Moines,IA50313	42-6004519	501(c)(3)	10,000	Polk County Sheriff's Office Mounted Horse Patrol
(83) Easterseals Iowa 401 NE 66th Avenue Des Moines,IA50313	42-0707100	501(c)(3)	25,000	Easterseals Camp Sunnyside Campships
(84) Saydel Community School District 5740 NE 14th Street Des Moines,IA50313	42-6017814	501(c)(3)	13,498	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(85) Prevent Blindness Iowa 1111 Ninth Street Suite 250 Des Moines,IA50314	42-6083207	501(c)(3)	8,698	Children's Vision Screening
(86) Dental Connections Inc 1111 9th St Ste 190 Des Moines,IA50314	42-0680421	501(c)(3)	90,000	The Three C's of Care
(87) Mercy Foundation of Des Moines Iowa 411 Laurel St Suite 2250 Des Moines,IA50314	23-7358794	501(c)(3)	400,000	MercyOne Richard Deming Cancer Center
(88) United Way of Central Iowa 1111 Ninth Street Suite 100 Des Moines,IA50314	42-0680425	501(c)(3)	9,000	Loaned Executive Program
(89) Broadlawns Medical Center Foundation 1801 Hickman Road Des Moines,IA50314	42-1527407	501(c)(3)	99,999	Stereotactic Breast Biopsy System for Early Cancer Detection and Treatment
(90) United Way of Central Iowa 1111 Ninth Street Ste 100 Des Moines,IA50314	42-0680425	501(c)(3)	115,000	United Way campaign
(91) American Legion Post 659 1813 SE 1st St Des Moines,IA50315	42-6073809	501(c)(19)	7,500	Exterior restoration of American Legion Post 659 Building
(92) City of Des Moines (DSM Police Dept) 400 E Court Des Moines,IA50315	42-6004514		275,000	Des Moines Animal Shelter
(93) Knock and Drop Iowa 1000 E 14th Street Des Moines,IA50316	85-0633938	501(c)(3)	10,000	Knock and Drop Iowa
(94) Boys & Girls Clubs of Central Iowa 1421 Walker Street Des Moines,IA50316	42-6075138	501(c)(3)	20,000	Feeding the Future
(95) Luther Memorial Church 1201 Grandview Ave Des Moines,IA50316	42-6081637	501(c)(3)	99,999	Building Bridges: Connecting Congregation, College, and Community
(96) Dorothy's House PO Box 57672 Des Moines,IA50317	47-1202557	501(c)(3)	10,000	A Safe Place for Recovery from Human Trafficking and Exploitation
(97) Greater Des Moines Habitat for Humanity 2200 E Euclid Avenue Des Moines,IA50317	42-1275330	501(c)(3)	10,000	GDM Habitat 2021 Neighborhood Impact & Revitalization
(98) Hospice of Central Iowa Foundation 3000 Easton Blvd Des Moines,IA50317	42-1239748	501(c)(3)	10,000	EveryStep Grief & Loss Services' 2021 Cheer Box Program
(99) Iowa Laborers Education & Training Trust Fund 3400 E Euclid Ave Suite C Des Moines,IA50317	42-1103470	501(c)(5)	15,000	Digital Learning
(100) Hospice Of Central Iowa Foundation dba EveryStep Foundation 3000 Easton Blvd Des Moines,IA50317	42-1239748	501(c)(3)	75,000	EveryStep Kavanagh House Renovation
(101) Greater Des Moines Habitat For Humanity 2200 E Euclid Avenue Des Moines,IA50317	42-1275330	501(c)(3)	15,000	Goldhammer Scholarship Fund
(102) Plumbers and Steamfitters Local #33 Education Fund 2501 Bell Avenue Des Moines,IA50321	42-0836255	501(c)(5)	15,000	Auto Cad Lab Computers
(103) Des Moines Independent Community School District 2100 Fleur Drive Des Moines,IA50321	42-6001433	501(c)(3)	25,000	DMPS Middle School Athletic Uniforms
(104) Des Moines Independent Community School District 2100 Fleur Drive Des Moines,IA50321	42-6001433	501(c)(3)	25,000	DMPS High School Athletic Uniforms
(105) Des Moines Independent Community School District 2100 Fleur Drive Des Moines,IA50321	42-6001433	501(c)(3)	9,000	Des Moines Roosevelt Baseball donation
(106) Genesis Inc 3850 Merle Hay Road Suite 319 Urbandale,IA50322	80-0965193	501(c)(3)	17,500	Level the Playing Field for Immigrant and Refugee Youth in Soccer
(107) Des Moines Pastoral Counseling Center 8553 Urbandale Ave Urbandale,IA50322	42-0995074	501(c)(3)	10,000	Facility Safety Upgrades for Post-Pandemic Mental Health Delivery
(108) Girl Scouts of Greater Iowa Inc 10715 Hickman Road Urbandale,IA50322	42-0698218	501(c)(3)	10,000	Reaching New Heights: Camp Sacajawea Challenge Course
(109) Spina Bifida Association of Iowa 8525 Douglas Ave Ste 39 Urbandale,IA50322	23-7409476	501(c)(3)	10,000	Camp for Families with Spina Bifida (name TBD)
(110) Urbandale Community School District 3305 92nd Street Urbandale,IA50322	42-6039212	501(c)(3)	39,202	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(111) Best Buddies in Iowa 7518 Hickman Road Des Moines,IA50324	52-1614576	501(c)(3)	7,500	Central Iowa School Friendship & Social Inclusion
(112) West Des Moines School District 8355 Franklin Ave Clive,IA50324	42-6004027	Government Entity	104,360	Prairie Meadows Polk County Joint Donation to the Students of Polk County
(113) Mason City Community School District 1515 S Pennsylvania Mason City,IA50401	42-6002616	501(c)(3)	10,000	The Future is Now--Equipment Needs
(114) Mahaska County YMCA 414 N 3rd St Oskaloosa,IA52577	42-0741010	501(c)(3)	50,000	YMCA - Early Childhood Education and Recreation Center
(115) Missouri Valley Conference 1818 Chouteau Ave St Louis,MO63103	43-1862074	501(c)(3)	25,000	"The Bright Path - The Johnny Bright Story" sponsorship
(116) Pacific Battleship Center 250 South Harbor Blvd San Pedro,CA90731	26-3934742	501(c)(3)	10,000	USS Iowa & Surface Museum
(117) City of Des Moines PO Box 1633 Des Moines,IA50305	42-6004514	Government Entity	4,883,908	Tax Rate Sharing Contribution
(118) Local 67 Training Program Trust 1501 E Aurora Ave Ste A Des Moines,IA50313	51-0195703	501(c)(5)	10,000	Smartboard classroom upgrade
(119) St Timothy's Episcopal ChurchFaith & Grace Garden 1020 24th Street West Des Moines,IA50266	31-1629166	501(c)(3)	8,500	Garden Tractor for the Faith & Grace Garden
(120) Animal Rescue League of Iowa 5452 NE 22nd Street Des Moines,IA50313	42-0680427	501(c)(3)	19,950	At-Risk Owned Pet Support Services
(121) AHeinz57 Pet Rescue and Transport 109 Guthrie De Soto,IA50069	80-0243678	501(c)(3)	20,891	Get the Complete Picture

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

108

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) 2021

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 noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash 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:	Site visits are done with selected grantees. All grantees are required to sign a grant agreement and return a completed grant evaluation report at the conclusion of the year or the project. Reports are reviewed and logged. Appropriate action is taken if a grantee has not completed their proposed project or if funds were left over and not spent. Any unused funds are returned to us.

Schedule I (Form 990) 2021

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

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

Prairie Meadows Race Track and Casino
Inc

Employer identification number

42-1244913

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 on 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 on 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? ..................

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 nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

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) 2021

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, 1099-MISC compensation, and/or 1099-NEC			(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)
1Palmer Gary E President, CEO	(i) (ii)	592,643 ------------- 0	180,000 ------------- 0	92,311 ------------- 0	20,165 ------------- 0	18,539 ------------- 0	903,658 ------------- 0	0 ------------- 0
2Rhines Bradley Christopher Executive Vice President	(i) (ii)	414,225 ------------- 0	89,540 ------------- 0	57,722 ------------- 0	18,898 ------------- 0	3,027 ------------- 0	583,412 ------------- 0	0 ------------- 0
3Atkin Ann M SR VP-Chief Operating Officer	(i) (ii)	333,485 ------------- 0	89,569 ------------- 0	43,440 ------------- 0	19,892 ------------- 0	1,125 ------------- 0	487,511 ------------- 0	0 ------------- 0
4Wilkie Michele VP of Human Resources	(i) (ii)	212,289 ------------- 0	45,955 ------------- 0	15,952 ------------- 0	18,491 ------------- 0	5,865 ------------- 0	298,552 ------------- 0	0 ------------- 0
5Castelline Elaine M Vice President of Finance, CFO	(i) (ii)	205,943 ------------- 0	47,137 ------------- 0	15,972 ------------- 0	18,919 ------------- 0	4,491 ------------- 0	292,462 ------------- 0	0 ------------- 0
6Pursley Clinton W VP of Security	(i) (ii)	198,314 ------------- 0	43,343 ------------- 0	15,310 ------------- 0	18,435 ------------- 0	6,087 ------------- 0	281,489 ------------- 0	0 ------------- 0
7Llambias Edward John Paul VP of Casino Ops	(i) (ii)	203,739 ------------- 0	44,017 ------------- 0	5,155 ------------- 0	18,129 ------------- 0	6,461 ------------- 0	277,501 ------------- 0	0 ------------- 0
8Heldt Derron D VP of Racing	(i) (ii)	180,858 ------------- 0	43,038 ------------- 0	15,339 ------------- 0	17,656 ------------- 0	6,461 ------------- 0	263,352 ------------- 0	0 ------------- 0
9Guzman Antonio S Director of IT	(i) (ii)	163,793 ------------- 0	29,609 ------------- 0	11,299 ------------- 0	14,786 ------------- 0	4,579 ------------- 0	224,066 ------------- 0	0 ------------- 0
10Stewart Julie VP of Community Relations	(i) (ii)	155,200 ------------- 0	30,556 ------------- 0	13,047 ------------- 0	14,415 ------------- 0	6,461 ------------- 0	219,679 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2021

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	PMRC occasionally provides tax gross-up payments for small awards provided during the year.
Part I, Line 7	Board of Directors set criteria and goals based on the business strategic plan. Goals are also set on an individual basis and approved. The formula is set prior to or early in the tax year, and based on the formula, the incentive is paid, if due.

Schedule J (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

Prairie Meadows Race Track and Casino
Inc

Employer identification number

42-1244913

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No






Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

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

Cat. No. 50056A

Schedule L (Form 990) 2021

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) Albaugh Family Stable LLC	Board Member	154,571	Horse owner with purse winnings reported as other income on 1099-MISC.		No
(2) River Ridge Ranch	Family of Kurt Rasmussen	407,888	Horse owner with purse winnings reported as other income on 1099-MISC.		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation
Schedule L, Part IV, Business Transactions Involving Interested Persons:	Prairie Meadows paid the Albaugh Family Stables LLC purse and supplement money. Purse and supplement money is a prize earned by a horse running in individual races and placing as one of the top finishers. All eligible horses are accepted into races pursuant to the Iowa Racing and Gaming Commission rules. Prairie Meadows' bylaws require one of its board members to have ownership interest in an Iowa-bred horse which has raced at Prairie Meadows. Mr. Albaugh became the horse representative for the horse industry beginning in November 2017 and was reappointed in 2020.
Schedule L, Part IV, Business Transactions Involving Interested Persons:	Prairie Meadows paid the River Ridge Ranch purse and supplement money. Purse and supplement money is a prize earned by a horse running in individual races and placing as one of the top finishers. All eligible horses are accepted into races pursuant to the Iowa Racing and Gaming Commission rules.

Return Reference

Explanation

Schedule L, Part IV, Business Transactions Involving Interested Persons:

Prairie Meadows paid the Albaugh Family Stables LLC purse and supplement money. Purse and supplement money is a prize earned by a horse running in individual races and placing as one of the top finishers. All eligible horses are accepted into races pursuant to the Iowa Racing and Gaming Commission rules. Prairie Meadows' bylaws require one of its board members to have ownership interest in an Iowa-bred horse which has raced at Prairie Meadows. Mr. Albaugh became the horse representative for the horse industry beginning in November 2017 and was reappointed in 2020.

Schedule L, Part IV, Business Transactions Involving Interested Persons:

Prairie Meadows paid the River Ridge Ranch purse and supplement money. Purse and supplement money is a prize earned by a horse running in individual races and placing as one of the top finishers. All eligible horses are accepted into races pursuant to the Iowa Racing and Gaming Commission rules.

Schedule L (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

Prairie Meadows Race Track and Casino
Inc

Employer identification number

42-1244913

Return Reference	Explanation
Form 990, Part VI, Section A, line 7a	A thirteen-member board composition is based on the bylaws. The board is comprised of five at-large representatives that have been selected from the community, four members appointed by Polk County, one member appointed by the Greater Des Moines Partnership, one member appointed by the Polk-Des Moines Taxpayers Association, one member appointed by the South Central Iowa Federation of Labor, and the five at-large representatives nominate one member affiliated with the horse industry and the full board votes on the nomination. The Greater Des Moines Partnership has the right to appoint two additional non-voting consultants to the board. None of the members received compensation for their services to the Non-Profit and they must meet IRGC Licensing requirements.
Form 990, Part VI, Section A, line 7b	The Iowa Racing and Gaming Commission (IRGC) has oversight of our gaming, sportsbook and racing activities.
Form 990, Part VI, Section B, line 11b	Form 990 is prepared by an external tax accounting firm and reviewed by the accounting staff including the VP/CFO. Before the return is submitted to the federal government, it is first reviewed by the Finance Committee with a final review done by the Executive Committee. Both committees are comprised of board members. All board members receive a copy of the Form 990 prior to filing.
Form 990, Part VI, Section B, line 12c	A conflict of interest letter is sent each year to members of the board and staff along with the conflict of interest policy, asking members to disclose any potential conflict of interest. The members are asked to update the conflict of interest memo any time during the year. The board chair or board counsel reminds members before an item that requires deliberations and decision making that they are to disclose any conflict and abstain from voting.
Form 990, Part VI, Section B, line 15	An independent compensation study was commission in 2019 for all of the officers and top 5 employees. The compensation for the officers and CEO are determined using a compensation committee, an ad hoc committee of the Executive Committee. Data is based on industry surveys, documented compensation of persons holding similar positions in similar organizations, expert compensation studies or other comparable data. All decisions and actions taken by the compensation committee are fully documented. In 2021, the data was reviewed for reasonableness with Executive Committee.
Form 990, Part VI, Section C, line 19	The governing documents are available on request as are the financial statements. The conflict of interest policy is accessible on our website and upon request.
Form 990, Part XI, line 9:	Additional K-1 Income -21,245.

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

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: Operated exclusively for the promotion of social welfare in central Iowa in close conjunction with state and local government.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	13
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	13
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	1,273
6	Total number of volunteers (estimate if necessary) .............	6	17
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	1,698,333,523	2,466,429,185
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	103,925	223,105
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	2,283	3,085
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,698,439,731	2,466,655,375
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	13,452,298	21,897,750
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)	43,627,532	47,707,901
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)....	1,639,897,742	2,342,298,831
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,696,977,572	2,411,904,482
19	Revenue less expenses. Subtract line 18 from line 12.......	1,462,159	54,750,893
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	119,926,280	181,492,900
21	Total liabilities (Part X, line 26).............	31,226,959	38,063,931
22	Net assets or fund balances. Subtract line 21 from line 20.....	88,699,321	143,428,969

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 2,398,786,192 including grants of $ 21,897,750 ) (Revenue $ 2,466,432,270 )
	Prairie Meadows Race Track and Casino, Inc. (PMRC) is a not-for-profit corporation whose members consist of government, civic and business representatives in central Iowa and which operates a race track, casino and related facilities in furtherance of its mission to promote social welfare and economic development. As a not-for-profit corporation, and pursuant to section 99F.6(4)(A) of the Iowa Code, PMRC is required to distribute its profits for "educational, civic, public, charitable, patriotic, or religious" uses as defined in Section 99B.7(3) (B) of the Iowa Code. Accordingly, PMRC's profits have been distributed as required by Iowa Code. See Continuation on Schedule OIn 2021, $11.3 million of PMRC's profits were distributed to Polk County, $4.9 million to the City of Des Moines, and $5.7 million was distributed to organizations such as the Polk County School Districts ($862,000), and the Greater Des Moines Partnership ($330,000).

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses2,398,786,192

(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/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) Wilkie Michele........................................................................ VP of Human Resources	55.00 .......................0.00	X		274,196	0	24,356
(19) Castelline Elaine M........................................................................ Vice President of Finance, CFO	55.00 .......................0.00	X		269,052	0	23,410
(20) Pursley Clinton W........................................................................ VP of Security	55.00 .......................0.00		X	256,967	0	24,522
(21) Llambias Edward John Paul........................................................................ VP of Casino Ops	55.00 .......................0.00		X	252,911	0	24,590
(22) Heldt Derron D........................................................................ VP of Racing	55.00 .......................0.00		X	239,235	0	24,117
(23) Guzman Antonio S........................................................................ Director of IT	55.00 .......................0.00		X	204,701	0	19,365
(24) Stewart Julie........................................................................ VP of Community Relations	55.00 .......................0.00		X	198,803	0	20,876

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	3,588,800	0	242,882

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:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	Casino & Hotel	721120	2,380,127,287	2,380,127,287
b	Pari-Mutuel Revenue	721120	59,631,501	59,631,501
c	Food & Beverage	722320	12,667,121	12,667,121
d	Sportsbook	721120	11,774,980	11,774,980
e	Gift Shop	453220	400,917	400,917
f	All other program service revenue.		1,827,379	1,827,379
g	Total. Add lines 2a–2f .....		2,466,429,185

3 Investment income (including dividends, interest, and othersimilar amounts) ......			43,582			43,582
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	181,490		7a
b	Less: cost or other basis and sales expenses	1,967		7b
c	Gain or (loss)	179,523		7c
d	Net gain or (loss).........			179,523			179,523
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	Returned Grants		900099	3,085	3,085
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			3,085
12	Total revenue. See instructions.....			2,466,655,375	2,466,432,270	0	223,105

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	21,897,750	21,897,750
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	2,436,183		2,436,183
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........	34,343,365	34,343,365
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	3,026,287	2,929,921	96,366
9	Other employee benefits .......	4,326,027	4,100,630	225,397
10	Payroll taxes ...........	3,576,039	3,502,204	73,835
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	109,282		109,282
c	Accounting ...........	101,597		101,597
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)
12	Advertising and promotion ....	2,691,670	2,691,670
13	Office expenses .......	1,263,163	1,071,394	191,769
14	Information technology ......	1,205,502		1,205,502
15	Royalties ..
16	Occupancy ...........	15,925,634	15,900,662	24,972
17	Travel ............	51,449	13,009	38,440
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	2,928	728	2,200
20	Interest ...........	4,549		4,549
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	4,519,927	4,519,927
23	Insurance ...	1,961,192		1,961,192
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	Casino/Pari-Mutuel Expe	2,197,866,407	2,197,866,407
b	State Tax Gaming/Wager	53,416,432	53,416,432
c	ALL OTHER EXPENSES	25,538,944	18,891,938	6,647,006
d	OTHER EXP - UTILITIES	23,040,392	23,040,392
e	All other expenses	14,599,763	14,599,763
25	Total functional expenses. Add lines 1 through 24e	2,411,904,482	2,398,786,192	13,118,290	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).

1	Cash–non-interest-bearing ........			44,732,006	1	54,596,445
2	Savings and temporary cash investments .........			58,861,533	2	111,348,733
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			2,674,538	4	1,199,553
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............			385,049	8	459,393
9	Prepaid expenses and deferred charges ......			1,881,307	9	2,549,221
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	74,204,109
b	Less: accumulated depreciation	10b	62,864,554	11,329,776	10c	11,339,555
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			62,071	15	0
16	Total assets. Add lines 1 through 15 (must equal line 33)...			119,926,280	16	181,492,900

17	Accounts payable and accrued expenses .....	19,649,970	17	20,710,022
18	Grants payable ...		18
19	Deferred revenue .........		19
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
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	11,576,989	25	17,353,909
26	Total liabilities. Add lines 17 through 25..	31,226,959	26	38,063,931

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	88,699,321	27	143,428,969
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	88,699,321	32	143,428,969
33	Total liabilities and net assets/fund balances ........	119,926,280	33	181,492,900