2021-11-15T09:28:10-06:00 2020-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2020-01-01 474344802 IEC HOTEL CORPORATION IECH 5152225201 5000 WESTOWN PARKWAY NO 400 WEST DES MOINES IA 50266 GERARD D NEUGENT PRESIDENT 5152225201 2021-11-10 1 GERARD NEUGENT 999009999 KATHY FAIRCHILD P00222608 5155586600 2021-11-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GERARD D NEUGENT 5000 WESTOWN PARKWAY NO 400 WEST DES MOINES IA 50266 7998002 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 1618333 755000 18682262 7222282 102485 20720 0 0 20403080 7998002 0 0 0 0 0 0 0 0 0 23331723 17194423 23331723 17194423 -2928643 -9196421 108611835 102427316 98138900 103177526 10472935 -750210 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 9382934 7222282 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. 9382934 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 TREASURER 2.50 X X 0 0 0 GRANT FRIESTH SECRETARY 2.50 X X 0 0 0 ALLEN MCKINLEY DIRECTOR 2.50 X 0 0 0 BONNIE CAMPBELL DIRECTOR (UNTIL 07/20) 2.50 X 0 0 0 ANNETTE RENAUD DIRECTOR 2.50 X 0 0 0 DEB ANDERSON DIRECTOR (SINCE 09/20) 2.50 X 0 0 0 0 0 0 0 0 0 0 MIDAMERICAN ENERGY SERVICES LLC PO BOX 8020 DAVENPORT IA 52808 UTILITIES 352957 TOWNE PARK LLC PO BOX 79349 BALTIMORE MD 212790349 PARKING SERVICES 246437 CHM WARNICK 548 CABOT ST BEVERLY MA 01915 ASSET MANGEMENT 197868 GENESIS DEVELOPMENT 1809 W 2ND AVE INDIANOLA IA 50125 LAUNDRY SERVICES 180679 4 200000 555000 755000 HOTEL OPERATIONS 721110 6264271 6264271 IOWA REINVESTMENT ACT 721110 790095 790095 FACILITY FROM OPERATOR 721110 167916 167916 7222282 20720 20720 7998002 7222282 0 20720 652693 471000 181693 13298 13298 59958 59958 1160343 1160343 314231 314231 1784579 1784579 4296072 4296072 2693176 2693176 168319 161578 6741 HOTEL OPERATIONS 5491203 5491203 CITY IRA PAYMENTS 560000 560000 ADMINISTRATIVE AND GENE 551 551 17194423 9382934 7811489 0 9858175 1148236 7769953 651974 479956 34779 27898 247838 171852 102057185 8079528 96670833 93977657 108611835 102427316 2994318 2655425 486941 402387 89116359 87321693 5541282 12798021 98138900 103177526 X -1235241 -7901174 11708176 7150964 10472935 -750210 108611835 102427316 -9196421 -2026724 0 X 0 1 X 1 0 X 20069141 1618333 755000 22442474 20069141 1618333 755000 22442474 22442474 86207 102485 20720 209412 22651886 37851942 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 102057185 8079528 93977657 93977657 DUE TO POLK COUNTY 4327163 DERIVATIVE INSTRUMENTS - INTEREST RATE SWAPS 4827903 DUE TO MANAGER 2450000 PPP LOAN 1192955 12798021 7998002 0 7998002 0 7998002 17194423 0 17194423 0 17194423 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 1039000 30000000 2163450 1208214 26578336 50000 2018 0 0 1 1 B 2864306 10000000 730659 190786 9078555 2018 0 0 1 1 C 27750000 277500 27472500 2018 0 0 1 1 D 107000 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 74000 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