Social Welfare / Advocacy · ALTOONA, IA · EIN 42-1244913
About
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.