Overview
What is Hawkeye Downs Inc?
Hawkeye Downs Inc, located in Cedar Rapids, Iowa, serves as a community-focused nonprofit organization. With a mission to provide business, entertainment, and cultural activities, it contributes to the well-being of its local community and visitors. The organization primarily functions by furnishing facilities for the Hawkeye Downs Racing Program and various community involvement events. With a team of 56 dedicated individuals, Hawkeye Downs Inc aims to enrich the community's lifestyle and promote a sense of unity through its activities.
Official website here: www.hawkeyedowns.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Hawkeye Downs Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a commendable score of 80%. This rating indicates a fair level of accountability and financial management, with a high percentage of independent board members and no material diversion of assets reported. The organization excels in several key areas, including a thorough conflict of interest policy and a robust document retention policy, which enhances its transparency and governance.
The program expense ratio stands at 69.45%, suggesting that a significant portion of its expenses is directed toward its programs, which is a positive indicator for potential donors. The organization's liabilities to assets ratio of 46.00% also shows a healthy balance sheet, indicating financial stability. However, the Culture & Community Score and Equity Strategies Score, both at 77, suggest there may be room for improvement in these areas to further strengthen community engagement and equity initiatives.
Overall, while Hawkeye Downs Inc demonstrates strong financial practices and governance, focusing on enhancing its community impact and equity strategies could further elevate its effectiveness and reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Hawkeye Downs Inc legitimate?
Hawkeye Downs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawkeye Downs 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: $38,025
For more financial information, click here
Official website here: www.hawkeyedowns.org
What is the mission statement of Hawkeye Downs Inc?
Hawkeye Downs Inc is committed to providing and maintaining a variety of business, entertainment, and cultural activities that contribute positively to the community and its visitors. Their mission is to offer facilities for events such as the Hawkeye Downs Racing Program and other community involvement events. Essentially, Hawkeye Downs Inc aims to enhance the local community's quality of life by offering engaging activities.
Official website here: www.hawkeyedowns.org
Who is the CEO of Hawkeye Downs Inc?
Gordon Parker is the President of Hawkeye Downs Inc.
Official website here: www.hawkeyedowns.org
What is the revenue of Hawkeye Downs Inc?
Hawkeye Downs Inc's revenue in 2022 was $96,379.
Official website here: www.hawkeyedowns.org
Who are the executives of Hawkeye Downs Inc and what are their salaries?
The average compensation at Hawkeye Downs Inc during 2022 was $679. There are 56 employees and 75 volunteers at Hawkeye Downs Inc.
Here are 10 key members and their salaries:
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Official website here: www.hawkeyedowns.org
Where can I find the form 990 for Hawkeye Downs Inc?
Hawkeye Downs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hawkeyedowns.org
Learn more at the official website: www.hawkeyedowns.org
Mission Statement of Hawkeye Downs Inc
Hawkeye Downs Inc, a nonprofit organization, is committed to enriching the community and its visitors by offering a variety of business, entertainment, and cultural activities. Its primary mission is to maintain and provide these engaging events, aiming to bring benefit and enjoyment to the community as a whole. The organization fulfills this mission by offering facilities for various events, including the popular Hawkeye Downs Racing Program and other community involvement events. By doing so, Hawkeye Downs Inc contributes to fostering a sense of community, entertainment, and cultural growth within the area.
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Impact
October, 2024
Hawkeye Downs Inc plays a vital role in enhancing the quality of life in Cedar Rapids, Iowa, by providing a venue that fosters community engagement and cultural enrichment. Their activities include hosting the Hawkeye Downs racing program and various events that cater to both residents and visitors. This facility serves as a hub for entertainment, bringing together individuals from diverse backgrounds and promoting a sense of community.
By maintaining a locale for recreation and cultural activities, Hawkeye Downs Inc contributes to the local economy by attracting visitors who support nearby businesses and services. Their ongoing commitment to hosting a variety of events not only entertains but also enriches the cultural landscape of Cedar Rapids, making it a more vibrant place to live and visit. Ultimately, Hawkeye Downs Inc helps to create memorable experiences that strengthen community bonds and enhance social interactions in the area.
This information is meant to be a general summary of Hawkeye Downs 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: $581
- Program Service Revenue: $61,714
- Gross Receipts: $102,329
Assets and Liabilities:
- Total Assets: $284,272
- Total Liabilities: $54,671
- Net Assets: $229,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACING INCOME
Revenue
$14,954
VENUE INCOME
Revenue
$46,760
Organization Details
Founding Year
1977
Phone
(319) 365-8656Principal Officer
Gordon Parker
Main Address
4601 6TH ST SW STE A, CEDAR RAPIDS, IA, 52404
Website
www.hawkeyedowns.orgNTEE Category
Code: N60 - Recreation
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