2023-09-21T15:37:18-05:00 2022-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2022-01-01 474344802 IEC HOTEL CORPORATION IECH 5152225201 5000 WESTOWN PARKWAY 400 WEST DES MOINES IA 50266 GERARD D NEUGENT PRESIDENT 5152225201 2023-09-08 1 GERARD NEUGENT 999009999 0 KATHY FAIRCHILD P00222608 5155586600 2023-09-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GERARD D NEUGENT 5000 WESTOWN PARKWAY 400 WEST DES MOINES IA 50266 21731284 0 X N/A X 2015 IA ACQUISITION AND OPERATION OF A CONVENTION CENTER HOTEL FOR THE BENEFIT OF POLK COUNTY, IOWA. 7 7 0 7 0 0 3592955 1935426 12936641 19680323 2332 115535 0 0 16531928 21731284 0 0 0 0 0 0 0 0 0 18297914 21136960 18297914 21136960 -1765986 594324 103529195 104696364 104153236 100914811 -624041 3781553 THE CORPORATION HAS BEEN FORMED TO FACILITATE THE ACQUISITION AND OPERATION OF A CONVENTION CENTER HOTEL FOR THE BENEFIT OF POLK COUNTY, IOWA. 0 0 13874958 19680323 THE CORPORATION MANAGED THE CONSTRUCTION AND ACQUISITION OF A CONVENTION CENTER HOTEL ADJACENT TO THE IOWA EVENTS CENTER IN DES MOINES, IOWA. THE ORGANIZATION HAS MANAGED THE OPERATIONS OF THE HOTEL SINCE IT OPENED IN MARCH 2018. 13874958 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X WAYNE REAMES 5152834660 666 WALNUT STREET SUITE 2000 DES MOINES IA 50309 X GERARD D NEUGENT PRESIDENT 5.00 X X 0 0 0 MICHAEL GALLOWAY VICE PRESIDENT 2.50 X X 0 0 0 ADAM KADUCE SECRETARY 2.50 X X 0 0 0 ALLEN MCKINLEY TREASURER 2.50 X X 0 0 0 GRANT FRIESTH DIRECTOR 2.50 X 0 0 0 ANNETTE RENAUD DIRECTOR 2.50 X 0 0 0 MARK WANDRO DIRECTOR 2.50 X 0 0 0 0 0 0 0 0 0 0 TOWNE PARK LLC PO BOX 79349 BALTIMORE MD 212790349 PARKING SERVICES 537288 GENSIS DEVELOPMENT 1809 W 2ND AVE INDIANOLA IA 50125 LAUNDRY SERVICES 496567 MIDAMERICAN ENERGY SERVICES LLC PO BOX 8020 DAVENPORT IA 52808 UTILITIES 419955 SYSCO IOWA INC 1 SYSCO DR ANKENY IA 500213911 FOOD SUPPLIES 412314 ENCORE GROUP (USA) LLC 23918 NETWORK PL CHICAGO IL 60673 AVSERVICES 289914 5 200000 1735426 1935426 HOTEL OPERATIONS 721110 17414172 17414172 IOWA REINVESTMENT ACT REVENUE 721110 1821202 1821202 FACILITY FROM OPERATOR 721110 444949 444949 19680323 115535 115535 21731284 19680323 0 115535 1308095 1120000 188095 6898 6898 58533 58533 2184968 2184968 344282 344282 1306192 1306192 3534411 3534411 2693176 2693176 250003 243917 6086 HOTEL OPERATIONS 8675599 8675599 CITY IRA PAYMENTS 774000 774000 ADMINISTRATIVE AND GENE 803 0 803 21136960 13874958 7262002 0 11269774 13999640 660051 884134 32101 28833 282788 316930 102057185 13465880 91284481 88591305 875522 103529195 104696364 3360566 3551189 460008 579079 83908493 82197941 16424169 14586602 104153236 100914811 X -9111378 -4355384 8487337 8136937 -624041 3781553 103529195 104696364 594324 3811270 0 X 0 1 X 1 0 X 20069141 1618333 755000 3592955 1935426 27970855 20069141 1618333 755000 3592955 1935426 27970855 384037 27586818 86207 102485 20720 2332 115535 327279 28298134 70468906 0.97490 0.98340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 102057185 13465880 88591305 88591305 DUE TO POLK COUNTY 12536602 DUE TO MANAGER 2050000 14586602 21731284 0 21731284 0 21731284 21136960 0 21136960 0 21136960 A IEC HOTEL CORPORATION 424344802 000000000 2018-03-21 30000000 HOTEL ACQUISITION 0 1 0 B IEC HOTEL CORPORATION 424344802 000000000 2018-03-21 10000000 HOTEL ACQUISITION 0 1 0 C IEC HOTEL CORPORATION 424344802 000000000 2018-03-21 27750000 HOTEL ACQUISITION 0 1 0 D IEC HOTEL CORPORATION 424344802 000000000 2018-03-21 3040000 HOTEL ACQUISITION 0 1 0 A 2589000 30000000 2163450 1208214 26578336 50000 2018 0 0 1 1 B 6139060 10000000 730659 190786 9078555 2018 0 0 1 1 C 27750000 277500 27472500 2018 0 0 1 1 D 287000 3040000 233235 300530 2506235 2018 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 1 1 PNC NA 0 0 0 0 1 B 0 0 0 0 1 1 PNC NA 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 1 1 PNC NA 0 0 0 0 1 A 1 B 1 C 1 D 1 A IEC HOTEL CORPORATION 424344802 000000000 2018-03-21 4311000 HOTEL ACQUISITION 0 1 0 B IEC HOTEL CORPORATION 424344802 000000000 2018-03-21 8500000 HOTEL ACQUISITION 0 1 0 C IEC HOTEL CORPORATION 424344802 000000000 2018-03-21 7805000 HOTEL ACQUISITION 0 1 0 A 193000 4311000 391994 80000 3839006 2018 0 0 1 1 B 8500000 811443 333550 7355007 7355007 2018 0 0 1 1 C 7805000 745961 47025 7012014 7012014 2018 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 1 1 PNC NA 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENTERED INTO A QUALIFIED MANAGEMENT AGREEMENT WITH HILTON MANAGEMENT LLC TO MANAGE THE OPERATIONS OF THE CONVENTION CENTER HOTEL. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS A COMPLETE COPY OF THE RETURN FORM 990, PART VI, SECTION B, LINE 12C CORPORATION FOLLOWS STEPS OUTLINED IN POLICY AND PERFORMS PERIODIC REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15: DIRECTORS AND OFFICERS SERVE WITHOUT COMPENSATION. THERE ARE CURRENTLY NO OTHER EMPLOYEES. POLK COUNTY IOWA 111 COURT AVENUE DES MOINES IA 50309 426004519 GOVERNMENT IA N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0