Iowa Harness Racing Association

501(c)(4) organization Swisher, IA EIN: 26-1516990

Support and promote harness horse racing in Iowa

Iowa Harness Racing Association at a glance

Total assets
$1,202,665
+11.5% vs 2024
Revenue (2025)
$2,207,545
-2.1% vs 2024
Net investment income (2025)
$54,635
+18.6% vs 2024
Expenses (2025)
$2,073,943
+2.8% vs 2024
Latest 990 filing
Form 990, 2025 View filing

Data from IRS Form 990, 2025; updated September 2026.

Who Iowa Harness Racing Association funds

How this funder distributes its grants

Grant Size Distribution

6 grants across all recorded years

6<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 6 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

HumboldtWhat CheerOsakloosa

How Iowa Harness Racing Association gives

  • Giving grew 93% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K3 grants2019 2 grants2020 2 grants2021 2 grants2022 0 grants2023 2 grants2024 0 grants2025

From 2019 to 2024, annual grant giving ranged from $38K (2021) to $72K (2024). In 2024 it made 2 grants totaling $72K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Humboldt County Ag Society Humboldt, IASupport Horse Racing$46,000
Keokuk County Fair What Cheer, IASupport Horse Racing$26,250
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2025$1,202,665$2,207,545$2,073,943——$54,635
2024$1,078,162$2,254,154$2,016,756$72,2502$46,048
2023$840,764$2,128,888$2,132,743——$17,669
2022$844,618$2,050,777$2,003,582$40,5002$8,796
2021$797,423$1,325,981$1,651,635$37,5002$6,367
2020$1,123,078$1,918,751$1,863,000$39,4002$20,873
2019$1,067,327$1,878,576$1,762,344$42,0003$18,017

About Iowa Harness Racing Association

Based on IRS filings

Iowa Harness Racing Association is a public charity focused on Recreation & Sports, based in Swisher, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. Net investment income was $55K.

Focus Areas

Leadership & Key People

Officers and directors from IRS filings

Iowa Harness Racing Association is led by John Terry, President on every filing since 2019; 5 of 6 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • John Terry

    President

    On filings since 2019

    0.2 hrs/week

    $300 (2020) → $450 (2025)

  • Earl McKay Jr.

    Director

    On filings since 2019

    0.2 hrs/week

    $300 (2020) → $450 (2025)

  • Brad Kohlwes

    Director

    On filings since 2024

    0.2 hrs/week

    $600 (2024) → $450 (2025)

  • Dana Pederson

    Director

    On filings since 2024

    0.2 hrs/week

    $300 (2024) → $450 (2025)

  • Mark Holtan

    Director

    On filings since 2024

    0.2 hrs/week

    $600 (2024) → $0 (2025)

  • Steve Shelangoski

    Treasurer & Director

    On filings since 2024

    0.5 hrs/week

    $300 (2024) → $8K (2025)

Former officers (3)
  • Former: Jim Johnson (2019–2023) — Director
  • Former: Steven Roduiquez (2019–2023) — Director
  • Former: Tom Johnston (2019–2023) — Treasurer & Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Steve Shelangoski — Treasurer/Director: $8KSteve ShelangoskiTreasurer/Director$8KJohn Terry — President: $450John TerryPresident$450Earl McKay Jr — Director: $450Earl McKay JrDirector$450Dana Pederson — Director: $450Dana PedersonDirector$450Brad Kohlwes — Director: $450Brad KohlwesDirector$450

The highest reported compensation on the 2025 filing was $8K, to Steve Shelangoski (Treasurer/Director). 5 officers or directors reported compensation on that filing.

Frequently asked questions about Iowa Harness Racing Association

How large is Iowa Harness Racing Association?

Iowa Harness Racing Association reported $1.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.2M.

What is Iowa Harness Racing Association?

Iowa Harness Racing Association is a public charity focused on Recreation & Sports, based in Swisher, IA. It holds $1.2M in total assets as of 2025.

Where does Iowa Harness Racing Association operate?

Iowa Harness Racing Association has awarded grants in Iowa.

What is Iowa Harness Racing Association's EIN?

Iowa Harness Racing Association's EIN (Employer Identification Number) is 26-1516990. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS July 22, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS June 10, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS April 27, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS June 24, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS June 9, 2026)
  7. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Iowa Harness Racing Association's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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