Civic Intelligence

Prairie Meadows Racing Club I Inc

EIN 81-5442098 • 501(c)7 • Altoona, IA

Profile

To provide social and recreational entertainment for a group of individuals interested in owning and racing a racehorse.

1 Prairie Meadows DriveAltoona, IA 50009

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)7 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

100th percentile

300%

Higher net margin than 100% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Asset Growth

11th percentile

-52%

Faster asset growth than 11% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$11,144

Down $12,079 (-52%) from 2017

Liabilities

Flat

$0

Flat from 2017

Net Assets

$11,144

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$5,850

Down $20,350 (-140%) from 2017

Expenses

Down

$11,704

Down $3,748 (-24%) from 2017

Net Income

Down

-$17,554

Down $16,602 (-1744%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2017: $23,223Liabilities 2017: $02017Assets 2018: $11,144Liabilities 2018: $0Net Assets 2018: $11,1442018

Highlighted filing

2018

Assets$11,144
Liabilities$0
Net Assets$11,144
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20K$10K$0-$10K-$20KRevenue 2017: $14,500Expenses 2017: $15,452Net Income 2017: -$9522017Revenue 2018: -$5,850Expenses 2018: $11,704Net Income 2018: -$17,5542018

Highlighted filing

2018

Revenue-$5,850
Expenses$11,704
Net Income-$17,554
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,144
Liabilities
$0
Net assets
$11,144
Revenue
-$5,850
Expenses
$11,704
Net income
-$17,554
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$5.85$11.7$17.6
2017Summary only. Only limited summary data is available for this year.$23.2$0.00$14.5$15.5$0.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 20, 2019
Return Version
2018v3.1
Gross Receipts
$2,100
Mission and Program Overview

Mission

To provide social and recreational entertainment for a group of individuals interested in owning and racing a racehorse.

Program Services

DescriptionGrantsExpenses
THE MEMBERS WERE EDUCATED AND LEARNED ABOUT RACE HORSE OWNERSHIP. PURCHASED RACEHORSE "RUNAROUNDDANCING" ON JUNE 2, 2018. RUNAROUNDDANCING PARTICIPATED IN 3 RACES DURING THE TIME HE WAS OWNED BY THE CLUB, AND WAS SOLD ON AUGUST 24, 2018.--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRAD RHINESPresident-$0--
ANN ATKINVice President-$0--
POLLY LONEMANSecretary-$0--
ELAINE CASTELLINETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Prairie Meadows Racing Club I Inc
EIN
81-5442098
Phone
5159673048
Address
1 PRAIRIE MEADOWS DRIVE, ALTOONA, IA 50009

Signing Officer

Name
Elaine Castelline
Title
Treasurer
Signed
2019-02-20
Discuss with paid preparer
Yes

Preparer

Firm
Timmins Jacobsen & Strawhacker LLP
Address
10550 New York Ave Suite 200, Des Moines, IA 50322-3775
Preparer
Darlene Danielson CPA
Phone
5152708080
Supplemental Narrative

Additional Explanations

Other Expenses.1

“TRAINER FEES $5256”

Other Expenses.2

“MEMBER BANQUET $2094”

Other Expenses.3

“CONTRIBUTIONS $515”

Other Expenses.4

“VETERINARIAN FEES $392”

Other Expenses.5

“JOCKEY FEES $240”

Other Expenses.6

“LICENSING FEES $228”

Other Expenses.7

“BANK CHARGES $26”

Other Expenses.8

“ADMINISTRATION FEES $8”

Raw XML Appendix116 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ELAINE CASTELLINE
IRS990EZ/BooksInCareOfDetail/PhoneNum05159673048
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01 PRAIRIE MEADOWS DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ALTOONA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050009
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt023223
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011144
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt07950
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-17554
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02945
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt023223
IRS990EZ/Form990TotalAssetsGrp/EOYAmt011144
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-6450
IRS990EZ/GrossReceiptsAmt02100
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt023223
IRS990EZ/NetAssetsOrFundBalancesEOYAmt011144
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt023223
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt011144
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRAD RHINES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANN ATKIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2POLLY LONEMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ELAINE CASTELLINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt05475
IRS990EZ/OtherExpensesTotalAmt08759
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE SOCIAL AND RECREATIONAL ENTERTAINMENT FOR A GROUP OF INDIVIDUALS INTERESTED IN OWNING AND RACING A RACEHORSE.
IRS990EZ/ProgramServiceRevenueAmt0600
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE MEMBERS WERE EDUCATED AND LEARNED ABOUT RACE HORSE OWNERSHIP. PURCHASED RACEHORSE "RUNAROUNDDANCING" ON JUNE 2, 2018. RUNAROUNDDANCING PARTICIPATED IN 3 RACES DURING THE TIME HE WAS OWNED BY THE CLUB, AND WAS SOLD ON AUGUST 24, 2018.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt01500
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt011704
IRS990EZ/TotalRevenueAmt0-5850
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRAINER FEES $5256
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBER BANQUET $2094
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRIBUTIONS $515
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VETERINARIAN FEES $392
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JOCKEY FEES $240
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LICENSING FEES $228
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK CHARGES $26
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ADMINISTRATION FEES $8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.8
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELAINE CASTELLINE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRAIRIE MEADOWS RACING CLUB I INC
ReturnHeader/Filer/BusinessNameControlTxt0PRAI
ReturnHeader/Filer/EIN0815442098
ReturnHeader/Filer/PhoneNum05159673048
ReturnHeader/Filer/USAddress/AddressLine1Txt01 PRAIRIE MEADOWS DRIVE
ReturnHeader/Filer/USAddress/CityNm0ALTOONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050009
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420721983
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Timmins Jacobsen & Strawhacker LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010550 New York Ave Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Des Moines
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0503223775
ReturnHeader/PreparerPersonGrp/PhoneNum05152708080
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARLENE DANIELSON CPA
ReturnHeader/ReturnTs02019-02-20T12:39:01-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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