Overview
What is Lyon County Riverboat Foundation Inc?
Lyon County Riverboat Foundation Inc, located in Rock Rapids, Iowa, is a nonprofit organization that plays a significant role in the local community. Its primary mission is to distribute a portion of its annual net earnings to various entities within Lyon County, including municipalities, county government, and school districts. This distribution is carried out in accordance with Iowa state laws. The foundation receives funds from the Grand Falls Casino & Resort and subsequently allocates these resources to eligible non-profit organizations within its jurisdiction, contributing to the betterment of the community as a whole.
Official website here: www.lyoncountyriverboatfoundation.org/
Is Lyon County Riverboat Foundation Inc legitimate?
Lyon County Riverboat Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lyon County Riverboat Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,083
For more financial information, click here
Official website here: www.lyoncountyriverboatfoundation.org/
What is the mission statement of Lyon County Riverboat Foundation Inc?
The Lyon County Riverboat Foundation Inc's mission is centered around distributing funds received from the Grand Falls Casino & Resort. This is done to support qualified non-profit organizations, including counties, municipalities, and school districts, in accordance with Iowa code. The foundation follows this mission by distributing half of its annual net receipts to incorporated municipal cities, county governments, and school districts within Lyon County. By doing so, the foundation aims to contribute to the betterment and support of various community sectors in an organized and regulated manner.
Official website here: www.lyoncountyriverboatfoundation.org/
Who is the CEO of Lyon County Riverboat Foundation Inc?
Randy Waagmeester is the President of Lyon County Riverboat Foundation Inc.
Official website here: www.lyoncountyriverboatfoundation.org/
What is the revenue of Lyon County Riverboat Foundation Inc?
Lyon County Riverboat Foundation Inc's revenue in 2022 was $3,510,157.
Official website here: www.lyoncountyriverboatfoundation.org/
Who are the executives of Lyon County Riverboat Foundation Inc and what are their salaries?
The average compensation at Lyon County Riverboat Foundation Inc during 2022 was $31,083. There is 1 employee at Lyon County Riverboat Foundation Inc.
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Official website here: www.lyoncountyriverboatfoundation.org/
Where can I find the form 990 for Lyon County Riverboat Foundation Inc?
Lyon County Riverboat Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lyoncountyriverboatfoundation.org/
Learn more at the official website: www.lyoncountyriverboatfoundation.org/
Mission Statement of Lyon County Riverboat Foundation Inc
The Lyon County Riverboat Foundation Inc, as per its mission, is committed to distributing funds received from the Grand Falls Casino & Resort to qualified non-profit organizations. This non-profit entity focuses on providing financial support to county governments, municipalities, and school districts within Lyon County, in accordance with Iowa Code. The Foundation ensures that half of its annual net receipts are allocated to the incorporated municipal cities, county government, and school districts within Lyon County. By carrying out this mission, the Lyon County Riverboat Foundation Inc plays a vital role in supporting various community initiatives and organizations within its jurisdiction.
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Impact
October, 2024
Lyon County Riverboat Foundation Inc has a significant impact on the community by distributing funds received from the Grand Falls Casino & Resort to various qualified organizations in Lyon County. Each year, the foundation allocates 50% of its annual net receipts to incorporated municipalities, county government, and school districts. This funding supports essential services and initiatives, enhancing educational opportunities, infrastructure, and community programs across the region. By providing financial support to local entities, the foundation plays a crucial role in fostering growth and improving the quality of life for residents in Lyon County.
This information is meant to be a general summary of Lyon County Riverboat Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,303
- Program Service Revenue: $3,498,854
- Gross Receipts: $3,510,157
Assets and Liabilities:
- Total Assets: $2,314,021
- Total Liabilities: $1,062,112
- Net Assets: $1,251,909
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CASINO LICENSE FEE
Revenue
$3,491,463
MISCELLANEOUS INCOME
Revenue
$705
UNUSED/EXPIRED GRANTS
Revenue
$6,686
Organization Details
Founding Year
2008
Phone
(712) 472-0111Principal Officer
Randy Waagmeester
Main Address
PO BOX 222, ROCK RAPIDS, IA, 51246
NTEE Category
Code: T30 - Philanthropy
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