Overview
What is Multi-State Lottery Association?
The Multi-State Lottery Association (MUSL) is a non-profit organization, wholly owned and operated by 38 member lotteries. Located in Johnston, Iowa, its primary mission is to administer multi-jurisdictional lottery games on behalf of its members. MUSL provides various services to enhance these offerings, including conducting drawings, game development and research, central accounting, and purchasing government securities and annuities for prize fund payments. MUSL's activities contribute to the revenues of its member lotteries, which in turn utilize the profits for projects or purposes approved by their respective legislatures. Overall, MUSL serves as a valuable resource for its members, helping to promote and manage multi-jurisdictional lottery games.
Is Multi-State Lottery Association legitimate?
Multi-State Lottery Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multi-State Lottery Association 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: $326,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,868,788
For more financial information, click here
What is the mission statement of Multi-State Lottery Association?
The Multi-State Lottery Association (MUSL) is a non-profit organization, entirely owned and operated by its 38 member lotteries. Its primary role is to assist these lotteries in administering multi-jurisdictional lottery games. The profits generated from these games are retained by the individual lotteries and are used to fund projects or purposes approved by their respective legislatures. MUSL offers various services to its members, including conducting drawings, performing game development and research, providing central accounting for multi-jurisdictional prize fund holdings and transfers, and purchasing government securities and annuities to fund prize payments. The association's main objective is to support its member lotteries in their operations.
Who is the CEO of Multi-State Lottery Association?
J Bret Toyne is the Executive Director of Multi-State Lottery Association.
What is the revenue of Multi-State Lottery Association?
Multi-State Lottery Association's revenue in 2022 was $3,442,102.
Who are the executives of Multi-State Lottery Association and what are their salaries?
The average compensation at Multi-State Lottery Association during 2022 was $75,716. There are 29 employees at Multi-State Lottery Association.
Here are 44 key members and their salaries:
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Where can I find the form 990 for Multi-State Lottery Association?
Multi-State Lottery Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Multi-State Lottery Association
The Multi-State Lottery Association, a non-profit organization, is solely owned and operated by its 38 member lotteries. Its mission is to serve as a voluntary association, contributing to governmental benefits. Each member lottery offers a selection of multi-jurisdictional lottery games, administered with the support of the Multi-State Lottery Association. The profits derived from these games are retained by the individual lotteries, which then utilize these funds for projects or purposes approved by their respective legislatures.
The Multi-State Lottery Association offers an array of services to its member and licensed lotteries. These services include conducting drawings, performing game development and research, providing central accounting, managing multi-jurisdictional prize fund holdings and transfers, and purchasing government securities and annuities to fund prize payments. By offering these services, the Multi-State Lottery Association plays a crucial role in supporting its members and ensuring the smooth operation of their multi-jurisdictional lottery games. The ultimate goal of the Multi-State Lottery Association is to help its member lotteries generate profits that can be used to fund projects and purposes approved by their legislatures.
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Impact
October, 2024
The Multi-State Lottery Association (MUSL) has a significant impact on the landscape of lottery games across multiple jurisdictions. By facilitating the operation of multi-jurisdictional lottery games, MUSL enhances collaboration among its 38 member lotteries, enabling them to offer larger jackpots and attract more players. This collective approach not only increases player engagement but also drives substantial revenue generation for the participating lotteries.
Each member lottery retains its profits, which are reallocated to fund community projects and initiatives approved by their respective legislatures. This infusion of resources can support various local needs, including education, infrastructure, and public health programs, demonstrating a direct positive effect on the communities served by these lotteries.
MUSL’s support extends beyond game administration; it conducts drawings, performs game development and research, and manages central accounting functions, ensuring a streamlined, transparent process for collecting and distributing funds. By investing in government securities and annuities to assure prize payments, MUSL also strengthens the financial integrity of the lottery system, instilling confidence among players.
In summary, MUSL's influence is multifaceted, fostering an environment where lotteries can thrive while simultaneously benefiting local communities through the responsible allocation of lottery revenues.
This information is meant to be a general summary of Multi-State Lottery Association. 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: $1,621,131
- Program Service Revenue: $1,141,993
- Gross Receipts: $3,442,102
Assets and Liabilities:
- Total Assets: $767,024,005
- Total Liabilities: $756,948,375
- Net Assets: $10,075,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Operating allocations due from member lotteries for current fiscal year operating expenses
Revenue
$1,141,993
Organization Details
Founding Year
1988
Principal Officer
J Bret Toyne
Main Address
8101 BIRCHWOOD COURT SUITE R, JOHNSTON, IA, 50131
NTEE Category
Code: W190 - Public benefit
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