PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(4), PRAIRIE MEADOWS RACE TRACK AND CASINO IS NOT ORGANIZED FOR PROFIT BUT IS OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT. THE PROMOTION OF SOCIAL WELFARE AND ECONOMIC DEVELOPMENT INCLUDES PROVIDING A SOURCE OF RECREATION FOR THE COMMUNITY AND PROVIDING A GENERALLY POSITIVE ECONOMIC IMPACT ON CENTRAL IOWA IN CONJUNCTION WITH THE CITIZENS AND LOCAL GOVERNMENT IN THE AREA. PURSUANT TO SECTION 99F.6(4)(A) OF THE IOWA CODE, PRAIRIE MEADOWS RACE TRACK AND CASINO IS REQUIRED TO DISTRIBUTE AND DOES DISTRIBUTE ITS PROFITS FOR "EDUCATIONAL, CIVIC, PUBLIC, CHARITABLE, PATRIOTIC, OR RELIGIOUS" USES AS DEFINED IN SECTION 99B.7(3)(B) OF THE IOWA CODE.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $720k
- Bonus
- $996k
- Other
- $103k
- Benefits
- $16k
- Base
- $373k
- Bonus
- $187k
- Other
- $26k
- Benefits
- $28k
- Base
- $239k
- Bonus
- $82k
- Other
- $21k
- Benefits
- $36k
- Base
- $249k
- Bonus
- $100k
- Other
- $18k
- Benefits
- $8k
- Base
- $199k
- Bonus
- $83k
- Other
- $17k
- Benefits
- $24k
- Base
- $238k
- Bonus
- —
- Other
- $17k
- Benefits
- $25k
- Base
- $85k
- Bonus
- $97k
- Other
- $91k
- Benefits
- $8k
- Base
- $179k
- Bonus
- $53k
- Other
- $13k
- Benefits
- $18k
- Base
- —
- Bonus
- $32k
- Other
- $207k
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President, CEO Above 90th percentile | $720k | $996k | $103k | $16k | $1.9M $2M |
Executive VP Executive Vice President Above 90th percentile | $373k | $187k | $26k | $28k | $652k $701k |
Sr VP of Business Development Board Vice President Above 90th percentile | $239k | $82k | $21k | $36k | $417k $448k |
Sr VP of Security Board Vice President Above 90th percentile | $249k | $100k | $18k | $8k | $413k $444k |
VP of Racing Board Vice President Above 90th percentile | $199k | $83k | $17k | $24k | $356k $383k |
Sr VP of Administration Board Vice President 75th to 90th percentile | $238k | — | $17k | $25k | $308k $331k |
VP of Finance, CFO Above 90th percentile | $85k | $97k | $91k | $8k | $292k $314k |
Director of IT Chief Information Officer 75th to 90th percentile | $179k | $53k | $13k | $18k | $291k $313k |
Former Officer Former Officer/director/trustee 75th to 90th percentile | — | $32k | $207k | — | $240k $258k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 16 unpaid individuals.
Up 8%
from 2023
From $1.7M in 2023 to $1.9M in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue fell 2%.
- Executive Vice President pay rose 28% from 2023 to 2024.
- Board Vice President pay rose 10% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
PRAIRIE MEADOWS RACE TRACK AND CASINO INC reported revenue and expenses across 2 filing years.
Common questions about PRAIRIE MEADOWS RACE TRACK AND CASINO INC
What does the Chief Executive Officer of PRAIRIE MEADOWS RACE TRACK AND CASINO INC earn?
In 2024, the Chief Executive Officer of PRAIRIE MEADOWS RACE TRACK AND CASINO INC received $1,873,454 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at PRAIRIE MEADOWS RACE TRACK AND CASINO INC compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at PRAIRIE MEADOWS RACE TRACK AND CASINO INC falls in the top 10%.
What are PRAIRIE MEADOWS RACE TRACK AND CASINO INC's revenue and expenses?
In 2024, PRAIRIE MEADOWS RACE TRACK AND CASINO INC reported $2.5B in total revenue and $2.5B in total expenses on its IRS Form 990.
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