Civic Intelligence

Black Hawk County Gaming Association

990 • Fiscal year 2017 • EIN 80-0103166

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 13, 2017

425 Cedar Street No 300AWaterloo, IA 50702

(319) 234-7741

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.47x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

1.27x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Net Margin

68th percentile

25%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$110,140

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2017

Asset Growth

83rd percentile

17%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-2.8%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$13,866,154

Up $2,052,831 (+17%) from 2016

Net Assets

Up

$7,362,558

Up $1,294,189 (+21%) from 2016

Liabilities

Up

$6,503,596

Up $758,642 (+13%) from 2016

Revenue

Down

$5,101,734

Down $146,353 (-2.8%) from 2016

Expenses

Up

$3,807,545

Up $1,124,705 (+42%) from 2016

Net Income

Down

$1,294,189

Down $1,271,058 (-50%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10MAssets 2011: $6,478,050Liabilities 2011: $8,060,158Net Assets 2011: -$1,582,1082011Assets 2012: $7,194,566Liabilities 2012: $7,862,471Net Assets 2012: -$667,9052012Assets 2013: $7,089,139Liabilities 2013: $8,940,616Net Assets 2013: -$1,851,4772013Assets 2014: $8,659,992Liabilities 2014: $7,389,778Net Assets 2014: $1,270,2142014Assets 2015: $9,944,864Liabilities 2015: $6,441,742Net Assets 2015: $3,503,1222015Assets 2016: $11,813,323Liabilities 2016: $5,744,954Net Assets 2016: $6,068,3692016Assets 2017: $13,866,154Liabilities 2017: $6,503,596Net Assets 2017: $7,362,5582017Assets 2018: $13,973,089Liabilities 2018: $6,142,806Net Assets 2018: $7,830,2832018Assets 2019: $14,639,501Liabilities 2019: $6,608,331Net Assets 2019: $8,031,1702019Assets 2020: $13,878,579Liabilities 2020: $4,885,755Net Assets 2020: $8,992,8242020Assets 2021: $15,700,227Liabilities 2021: $5,313,283Net Assets 2021: $10,386,9442021Assets 2022: $18,246,475Liabilities 2022: $14,062,778Net Assets 2022: $4,183,6972022Assets 2023: $17,114,640Liabilities 2023: $9,583,398Net Assets 2023: $7,531,2422023Assets 2024: $16,590,596Liabilities 2024: $8,278,755Net Assets 2024: $8,311,8412024Assets 2025: $17,574,954Liabilities 2025: $9,813,992Net Assets 2025: $7,760,9622025

Highlighted filing

2017

Assets$13,866,154
Liabilities$6,503,596
Net Assets$7,362,558

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2011: $6,818,5122011Expenses 2012: $3,975,4492012Expenses 2013: $6,208,1052013Revenue 2014: $4,961,683Expenses 2014: $1,839,992Net Income 2014: $3,121,6912014Revenue 2015: $5,171,794Expenses 2015: $2,938,886Net Income 2015: $2,232,9082015Revenue 2016: $5,248,087Expenses 2016: $2,682,840Net Income 2016: $2,565,2472016Revenue 2017: $5,101,734Expenses 2017: $3,807,545Net Income 2017: $1,294,1892017Revenue 2018: $5,053,065Expenses 2018: $4,585,340Net Income 2018: $467,7252018Revenue 2019: $5,116,011Expenses 2019: $4,915,124Net Income 2019: $200,8872019Revenue 2020: $4,093,497Expenses 2020: $3,131,843Net Income 2020: $961,6542020Revenue 2021: $5,353,710Expenses 2021: $3,959,590Net Income 2021: $1,394,1202021Revenue 2022: $5,898,126Expenses 2022: $12,101,373Net Income 2022: -$6,203,2472022Revenue 2023: $6,392,295Expenses 2023: $3,044,750Net Income 2023: $3,347,5452023Revenue 2024: $6,149,657Expenses 2024: $5,369,058Net Income 2024: $780,5992024Revenue 2025: $5,749,778Expenses 2025: $6,413,192Net Income 2025: -$663,4142025

Highlighted filing

2017

Revenue$5,101,734
Expenses$3,807,545
Net Income$1,294,189
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$5,101,734
Mission and Program Overview

Mission

Black hawk county gaming association holds a gaming license and collects royalties from a casino operator for use of the license. All profits will be disbursed to governmental and/or 501(c)(3) organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$11,557,732$13,527,827▲ $1,970,095
Cash and Non-Interest-Bearing Accounts$71,252$249,759▲ $178,507
Accounts Receivable$163,221$80,805▼ $82,416
Land, Buildings, and Equipment, Net$21,118$7,763▼ $13,355
Total Assets$11,813,323$13,866,154▲ $2,052,831
Liabilities
Grants Payable$5,744,954$6,503,596▲ $758,642
Total Liabilities$5,744,954$6,503,596▲ $758,642
Net Assets / Fund Balance
Unrestricted Net Assets$6,068,369$7,362,558▲ $1,294,189
Total Net Assets Fund Balance$6,068,369$7,362,558▲ $1,294,189
Total Liabilities and Net Assets / Fund Balance$11,813,323$13,866,154▲ $2,052,831

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,763$31,053$38,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth KnippExecutive DirectorFT$110,140$110,140

Board Members and Trustees

NameTitle
Tim HurleyPresident
Noreen HermansenVice President
Barbara BrownDirector
Betsy RatchfordDirector
Bill DotzlerDirector
Debra CorsonDirector
Geoff GrimesDirector
Jim SchaeferDirector
Joe VichDirector
Kate WyattDirector
Kent MccauslandDirector
Keyaira PhillipsDirector
Sarah CraftDirector
Sharon JuonDirector
Mark ThomeSecretary
Dick McallisterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$115,932
Other Revenue
$4,985,802
Change in Net Assets
$1,294,189

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,101,734
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,101,734
Total Revenue per Form 990
$5,101,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,602,108
Salaries, Compensation, and Employee Benefits$125,647
Other Expenses$79,790
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,602,108--$3,602,108
Current Officers, Directors, Trustees, and Key Employees-$114,764-$114,764
Information Technology-$19,587-$19,587
Depreciation Depletion-$13,355-$13,355
Insurance-$9,534-$9,534
Advertising-$8,970-$8,970
Fees for Services Accounting-$8,675-$8,675
Payroll Taxes-$8,483-$8,483
Occupancy-$6,559-$6,559
Office Expenses-$4,411-$4,411
Comp Disqual Persons-$2,400-$2,400
Travel-$1,618-$1,618
Other Expenses-$3-$3
Total Functional Expenses$3,602,108$205,437$0$3,807,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,807,545
Total Expenses per Audited Statements$3,807,545
Total Expenses per Form 990$3,807,545
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hawkeye Community CollegeWaterloo, IAStateBuilding Life$1,000,000
City of Cedar Falls Dept of Human & Leisure ServicesCedar Falls, IACityTennis Complex$500,000
City of Waterloo Leisure ServicesWaterloo, IACityBoat House Enhancements$500,000
City of Cedar FallsCedar Falls, IACityUnversity Ave Reconstruction - Landscaping$450,000
Community Christian Development House of HopeWaterloo, IA501(c)(3)Build Hope Project$400,000
Grout MuseumWaterloo, IA501(c)(3)Iowans in the Korean War Project$210,123
American Red CrossCedar Rapids, IA501(c)(3)Emergency Response Vehicle$61,750
IOWA JOBS FOR AMERICA'S GRADUATESDes Moines, IA501(c)(3)Unlocking Student Potential$60,000
YmcaWaterloo, IA501(c)(3)Chiller$60,000
Dunkerton Educational Coalition IncDunkerton, IA501(c)(3)Develop Diamonds$50,000
Waterloo Development CorpWaterloo, IA501(c)(3)Sportsplex$36,187
City of Waterloo PoliceWaterloo, IACityFull Spectrum Imaging System$30,000
Plum Creek Art CenterFredericksburg, IA501(c)(3)Facility Addition$30,000
City of Shell RockShell Rock, IACityEmergency Equipment Scuba$20,550
City of Evansdale Fire RescueEvansdale, IACitySafety Equipment$20,000
City of Lawler Parks & RecreationLawler, IACityHighland Park Project$20,000
City of HudsonHudson, IACityPolice Squad Car$18,217
City of Grundy Center Fire DepartmentGrundy Center, IACityJaws Equipment$18,000
Friends of Fontana ParkHazleton, IA501(c)(3)Winter Bird Wildlife Display$17,770
City of ApplingtonAplington, IACityFire Personal Protective Equipment$15,000
City of Waterloo PoliceWaterloo, IACityHostage Rescue Phone$14,250
The Nature Conservacy in IowaDes Moines, IA501(c)(3)Black Hawk Cty Watershed Project$14,000
Ethnic Minorities of Burma Advocacy & Resource CenterWaterloo, IA501(c)(3)Reach Project$12,000
City of GilbertvilleGilbertville, IACityNew Police Vehicle$11,875
Black Hawk County Conservation - Hartman ReserveWaterloo, IACountyHartman Reserve$5,237
Quota International of Waterloo Charitable FoundationWaterloo, IA501(c)(3)Cops and Kids Literacy Project$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board shall ensure that the following steps toward public disclosure of black hawk county gaming association's financial status take place: 1. The audit committee shall review and approve the irs form 990 annual tax filing prior to submission. 2. Distribute, to the full board, a copy of the form 990 in advance of filing for review and consideration.

Form 990, Part VI, Section B, Line 12C

Every director and employee is required to annually execute a declaration disclosing any relationships or memberships which may present a potential conflict of interest, or an appearance of a conflict and shall indicate that he/she has read, understands and agrees to adhere to the conflict of interst of policy.

Form 990, Part VI, Section B, Line 15

The executive committee of the board of directors reviews comparable data for the iowa non-profit license holders. The executive committee recommends the salary to the full board with the action noted in the minutes. This is the process used for the executive director position, the sole employee of the organization.

Form 990, Part VI, Section C, Line 19

The bhcga operates under an open meeting policy, the public may attend any board meetings. All governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Black Hawk County Gaming Association
EIN
80-0103166
Phone
3192347741
Address
425 CEDAR STREET NO 300A, WATERLOO, IA 50702

Signing Officer

Name
Tim Hurley
Title
President
Phone
3192347741
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Hurley
Formed
2003
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
16

Preparer

Firm
Rsm US Llp
Address
999 HOME PLAZA SUITE 300, WATERLOO, IA 50701
Preparer
James Moore
Phone
3192359995
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. As of and for the years ended june 30, 2017 and 2016, the association had no uncertain tax positions required to be recorded as a liability. With few exceptions, the association is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2013.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt01000000
IRS990/GrantsPayableGrp/BOYAmt05744954
IRS990/GrantsPayableGrp/EOYAmt06503596
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03602108
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03602108
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05101734
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt019587
IRS990/InformationTechnologyGrp/TotalAmt019587
IRS990/InsuranceGrp/ManagementAndGeneralAmt09534
IRS990/InsuranceGrp/TotalAmt09534
IRS990/InvestmentIncomeGrp/ExclusionAmt0115932
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0115932
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt031053
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021118
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07763
IRS990/LandBldgEquipCostOrOtherBssAmt038816
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BLACK HAWK COUNTY GAMING ASSOCIATION HOLDS A GAMING LICENSE AND COLLECTS ROYALTIES FROM A CASINO OPERATOR FOR USE OF THE LICENSE. ALL PROFITS WILL BE DISBURSED TO GOVERNMENTAL AND/OR 501(C)(3) ORGANIZATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06068369
IRS990/NetAssetsOrFundBalancesEOYAmt07362558
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06559
IRS990/OccupancyGrp/TotalAmt06559
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04411
IRS990/OfficeExpensesGrp/TotalAmt04411
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1PAYROLL EXPENSES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03744
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13334
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23
IRS990/OtherExpensesGrp/TotalAmt03744
IRS990/OtherExpensesGrp/TotalAmt13334
IRS990/OtherExpensesGrp/TotalAmt23
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08483
IRS990/PayrollTaxesGrp/TotalAmt08483
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TIM HURLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CASH DONATION TO THE CITY OF WATERLOO FOR BOAT HOUSE ENHANCEMENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0500000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0500000
IRS990/ProgSrvcAccomActy3Grp/Desc0CASH DONATION TO THE CITY OF CEDAR FALLS FOR THE TENNIS COMPLEX
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0500000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0500000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CASH DONATIONS TO VARIOUS GOVERNMENTAL AND 501(C)(3) ORGANIZATIONS - SEE SCHEDULE I FOR DETAILS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01602108
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt01602108
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02485874
IRS990/PYInvestmentIncomeAmt097034
IRS990/PYOtherExpensesAmt076328
IRS990/PYOtherRevenueAmt05151053
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02565247
IRS990/PYSalariesCompEmpBnftPaidAmt0120638
IRS990/PYTotalExpensesAmt02682840
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05248087
IRS990/ReconcilationRevenueExpnssAmt01294189
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt04985802
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt04985802
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011557732
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013527827
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07763
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031053
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038816
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03807545
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05101734
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. AS OF AND FOR THE YEARS ENDED JUNE 30, 2017 AND 2016, THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE RECORDED AS A LIABILITY. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07763
IRS990ScheduleD/TotalExpensesPerForm990Amt03807545
IRS990ScheduleD/TotalRevenuePerForm990Amt05101734
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05101734
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03807545
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt060000
IRS990ScheduleI/RecipientTable/CashGrantAmt114250
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt330000
IRS990ScheduleI/RecipientTable/CashGrantAmt420000
IRS990ScheduleI/RecipientTable/CashGrantAmt518217
IRS990ScheduleI/RecipientTable/CashGrantAmt615000
IRS990ScheduleI/RecipientTable/CashGrantAmt711875
IRS990ScheduleI/RecipientTable/CashGrantAmt818000
IRS990ScheduleI/RecipientTable/CashGrantAmt914000
IRS990ScheduleI/RecipientTable/CashGrantAmt1050000
IRS990ScheduleI/RecipientTable/CashGrantAmt11500000
IRS990ScheduleI/RecipientTable/CashGrantAmt12210123
IRS990ScheduleI/RecipientTable/CashGrantAmt1317770
IRS990ScheduleI/RecipientTable/CashGrantAmt1412000
IRS990ScheduleI/RecipientTable/CashGrantAmt15450000
IRS990ScheduleI/RecipientTable/CashGrantAmt1620550
IRS990ScheduleI/RecipientTable/CashGrantAmt17400000
IRS990ScheduleI/RecipientTable/CashGrantAmt18500000
IRS990ScheduleI/RecipientTable/CashGrantAmt191000000
IRS990ScheduleI/RecipientTable/CashGrantAmt2061750
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/CashGrantAmt2230000
IRS990ScheduleI/RecipientTable/CashGrantAmt2360000
IRS990ScheduleI/RecipientTable/CashGrantAmt245237
IRS990ScheduleI/RecipientTable/CashGrantAmt2536187
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc2CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc5CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc6CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc7CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc8CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc11CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc12501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc13501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc14501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc15CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc16CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc17501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc18CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc19STATE
IRS990ScheduleI/RecipientTable/IRCSectionDesc20501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc21501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc22CITY
IRS990ScheduleI/RecipientTable/IRCSectionDesc23501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc24COUNTY
IRS990ScheduleI/RecipientTable/IRCSectionDesc25501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHILLER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1HOSTAGE RESCUE PHONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SAFETY EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3FACILITY ADDITION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4HIGHLAND PARK PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5POLICE SQUAD CAR
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6FIRE PERSONAL PROTECTIVE EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7NEW POLICE VEHICLE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8JAWS EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9BLACK HAWK CTY WATERSHED PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10DEVELOP DIAMONDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11TENNIS COMPLEX
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12IOWANS IN THE KOREAN WAR PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13WINTER BIRD WILDLIFE DISPLAY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14REACH PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15UNVERSITY AVE RECONSTRUCTION - LANDSCAPING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16EMERGENCY EQUIPMENT SCUBA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17BUILD HOPE PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt18BOAT HOUSE ENHANCEMENTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt19BUILDING LIFE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt20EMERGENCY RESPONSE VEHICLE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$9.81$7.76$5.75$6.41$0.66
2024Detailed filing. Detailed filing data is available for this year.$16.6$8.28$8.31$6.15$5.37$0.78
2023Detailed filing. Detailed filing data is available for this year.$17.1$9.58$7.53$6.39$3.04$3.35
2022Detailed filing. Detailed filing data is available for this year.$18.2$14.1$4.18$5.90$12.1$6.20
2021Detailed filing. Detailed filing data is available for this year.$15.7$5.31$10.4$5.35$3.96$1.39
2020Detailed filing. Detailed filing data is available for this year.$13.9$4.89$8.99$4.09$3.13$0.96
2019Detailed filing. Detailed filing data is available for this year.$14.6$6.61$8.03$5.12$4.92$0.20
2018Detailed filing. Detailed filing data is available for this year.$14.0$6.14$7.83$5.05$4.59$0.47
2017Detailed filing. Detailed filing data is available for this year.$13.9$6.50$7.36$5.10$3.81$1.29
2016Detailed filing. Detailed filing data is available for this year.$11.8$5.74$6.07$5.25$2.68$2.57
2015Detailed filing. Detailed filing data is available for this year.$9.94$6.44$3.50$5.17$2.94$2.23
2014Detailed filing. Detailed filing data is available for this year.$8.66$7.39$1.27$4.96$1.84$3.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.09$8.94$1.85$6.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.19$7.86$0.67$3.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$8.06$1.58$6.82