Iowa · Nonprofit
SCHMITT ISLAND DEVELOPMENT CORPORATION
SCHMITT ISLAND DEVELOPMENT CORPORATION (Iowa) receives grants from 1 organization whose IRS filings report $11,919,190 to it, the largest being DUBUQUE RACING ASSOCIATION LTD ($11,919,190). 1 of them have funded it in more than one year.
- Revenue FY2025
- $1.3M
- Funders on record
- 1
- Grants received
- $12M
- Net assets
- $403k
What Schmitt Island Development Corporation does
Mission
Managing the ice arena and schmitt island assets benefits the community by providing consistent and expanded recreational opportunities for the community. In addition, this organization lessens the burden of the government's time and resources to manage the facilities and its programs.
As stated on its FY2025 Form 990.
Program
The organization and contracted entities or individuals manage the ice arena located on chaplain schmitt island in dubuque, iowa. This activity is funded through management fees paid by the city, contributions from the general public, and program service fees. Ninety-nine percent of the organizations time is allocated to this activity. Ninety-five percent of overall expenses are initially allocated to this activity. Management of these facilities benefits the community by providing consistent and expanded recreational opportunities for the community and by lessening the burden of government. The city of dubuque would otherwise spend significant time and resources to manage the facilities and its programs.other activities will be conducted in the same fashion as above as additional assets and venues are developed on schmitt island. Such activities, assets, and/or venues may include a water sports facility, trails, and rv park.
$1,320,138 spent$963,421 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $1,320,138.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $606k to $949k (+57%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
27% of SCHMITT ISLAND DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (88% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Sara Hanten
President/chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2022 → 2023: the base held at 1 funder, grant income rose $4.9M → $5.4M.
From the IRS filings of SCHMITT ISLAND DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of SCHMITT ISLAND DEVELOPMENT CORPORATION's grant income comes from Iowa funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SCHMITT ISLAND DEVELOPMENT CORPORATION has grown faster than half of the 497 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 497 public benefit nonprofits $1M–$10M, FY2025
Organizations like SCHMITT ISLAND DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Iowa
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for SCHMITT ISLAND DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SCHMITT ISLAND DEVELOPMENT CORPORATION?
- SCHMITT ISLAND DEVELOPMENT CORPORATION (Iowa) receives grants from 1 organization whose IRS filings report $11,919,190 to it, the largest being DUBUQUE RACING ASSOCIATION LTD ($11,919,190). 1 of them have funded it in more than one year.
- How many funders does SCHMITT ISLAND DEVELOPMENT CORPORATION have?
- IRS filings report 1 organization giving $11,919,190 in grants to SCHMITT ISLAND DEVELOPMENT CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of SCHMITT ISLAND DEVELOPMENT CORPORATION?
- DUBUQUE RACING ASSOCIATION LTD is the largest funder on record, with $11,919,190 in grants. The full list of funders is on this page.
- How can an organization like SCHMITT ISLAND DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Iowa. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Schmitt Island Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing