Lyon County Riverboat Foundation Inc
The Lyon County Riverboat Foundation (LCRF) is a 501(c)(4) nonprofit organization and the gaming license holder for Grand Falls Casino & Golf Resort in Larchwood, Iowa. The foundation serves as a significant funding source for churches, civic groups, schools, nonprofits, and local government entities in the Lyon County area and surrounding regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+1.3% YoY
Annual Giving
$3.2M
-3.2% YoY
Grant Count
37
+2.8% YoY
Avg Grant Size
$86K
-5.8% YoY
Mission & Focus Areas
The LCRF seeks to be a catalyst to help qualified organizations meet needs within Lyon County and beyond. The foundation prioritizes funding in four primary areas:
- Community Development & Beautification
- Education & Arts
- Economic Development
- Human & Social Needs
The foundation also addresses veterans' needs as a specific funding priority.
Grantmaking
The LCRF operates two distinct grant programs:
Review Cycle
September 18, 2026 at 11:59 p.m.
How to Apply
Applications must be submitted via the foundation's Grant Management System. Only one application per organization is accepted. All applications and supporting materials become public documents after submission. Grant recipients must submit invoices, receipts, checks, and completed payout submission forms via the Grant Management System.
Ready to take the next step with Lyon County Riverboat Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation funds organizations in:
- Lyon County, Iowa (primary focus)
- Northwest Iowa
- Southeast South Dakota
- Southwest Minnesota
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary:
- Revenue: $3,692,299
- Expenses: $3,590,000 (approximate)
- Total Assets: $2,790,000
- Total Liabilities: $1,430,000
Tax Status:
- Tax-exempt since May 2010
- EIN: 27-1024697
- Designated as 501(c)(4)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,824,558 | $2,788,927 | $2,314,021 |
| Revenue | $3,596,972 | $3,692,299 | $3,510,157 |
| Expenses | $3,491,635 | $3,589,578 | $3,489,709 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $120,894 | $29,919 | $11,303 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
173 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Directors:
- Randy Waagmeester, President (Rock Rapids; term expires 2026)
- Aaron Kelderman, Vice President (Doon; term expires 2027)
- Shaylyn Doorneweerd, Secretary (Lester; term expires 2028)
- Sara Sprock, Treasurer (George; term expires 2029)
- Dennis Haselhoff (Rock Rapids; term expires 2028)
- Rick Bos (Larchwood; term expires 2030)
- Samantha Rozeboom (Inwood; term expires 2030)
- Brienna Bruggeman (Larchwood; term expires 2029)
- Austin Kannegieter (Little Rock; term expires 2031)
- Ashley Teunissen (Alvord; term expires 2026)
- Tom Ver Steeg (Little Rock; term expires 2029)
- Amy Stoner (George; term expires 2031)
- Laurel Reinke (Inwood; term expires 2030)
- Doub VandenBosch, ex-officio (Lyon County)
- Ned Hodgson, ex-officio (City of Larchwood)
Staff:
- Ken Kerkvliet, Executive Director
- Carmen Austin, CPA
- Brandon Krikke, Legal Counsel
Contact Information:
- Phone: (712) 472-0111
- Email: Executive@LyonCountyRiverboatFoundation.org
- Office Location: Second floor of Frontier Bank, Rock Rapids, Iowa
The Board of Directors generally meets once monthly, usually on the 3rd Monday. Meetings are open to the public.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOM VERSTEEG | BOARD MEMBER | 1 | — |
| JOE SCHILLING | BOARD MEMBER | 1 | — |
| RICK BOS | BOARD MEMBER | 1 | — |
| DENNIS HASELHOFF | BOARD MEMBER | 1 | — |
| LAUREL REINKE | BOARD MEMBER | 1 | — |
| FRED LANDIS | BOARD MEMBER | 1 | — |
| SAMANTHA ROZEBOOM | BOARD MEMBER | 1 | — |
| SHAYLYN DOORNEWEERD | Secretary | 1 | — |
| BRIENNA BRUGGEMAN | BOARD MEMBER | 1 | — |
| SARA SPROCK | Treasurer | 1 | — |
| RANDY WAAGMEESTER | President | 2 | — |
| ASHLEY TEUNISSEN | BOARD MEMBER | 1 | — |
| AARON KELDERMAN | Vice President | 1 | — |
Recent Grant Activity
Recent developments and announcements
In November 2025, the LCRF awarded $1.4 million in 2026 grant funds to 18 organizations across Northwest Iowa, Southeast South Dakota, and Southwest Minnesota. Notable awards included:
Riverboat Foundation Awards 19 Grants | KCII Radio - The One to Count On**Human & Social Needs ($800,000):**
Doon, IA EMS ambulance upgrade
Inclusive playground at West Lyon School
Pickleball courts in George, IA
New gear for Lester, IA fire department
**Education & Arts ($100,000):**
Lyon County Star Lab
School safety training for Central Lyon, George/Little Rock, and West Lyon schools
**Community Development & Beautification (over $500,000):**
New community center in Larchwood, IA
Track project at Hills-Beaver Creek School in Hills, Minnesota
**Veterans' Initiatives (over $130,000):**
Midwest Honor Flight Mission 29
Hero Haven Outdoor Adventures
Golf for Injured Veterans Everywhere (G.I.V.E)
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Main Street Fort Dodge Inc
FORT DODGE, IA
Assets
$315K
Grants
1
Total Given
$25K
John & Beverly Anderson Charitable Trust
VINTON, IA
Assets
—
Grants
18
Total Given
$22K
Barbara Jean Couturier Charitable T
DAVENPORT, IA
Assets
—
Grants
0
Total Given
—
The Joseph Andres Family Foundation
OKOBOJI, IA
Assets
—
Grants
6
Total Given
$7K
Lohse Family Foundation
BONDURANT, IA
Assets
—
Grants
2
Total Given
$400K
Vande Brake Family Foundation
ORANGE CITY, IA
Assets
$172K
Grants
6
Total Given
$47K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Lyon County Riverboat Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities