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Dairymen's INC

Not tax-deductible

Boulder Jct, WI501(c)(7)Since 1924EIN 36-0973540

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To develop and maintain an environment conducive to relaxation and recreation for members in natural, beautiful surroundings. The protection of game and fish and the perpetuation of the forests are avowed objectives of the club. IT is the club's intention to preserve for the members' children and grandchildren in succeeding generations the opportunity to experience woods and lakes in their natural undefiled state.

Run by 40 volunteers and 82 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $316K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$309K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$872K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.8M
+8% vs prior year
Spent
$6.3M
Net assets
$11.6M
By yearFY2020–FY2024
Revenue
$6.8M
FY2024▲ +8%
Revenue by fiscal year
FY2020$2.2M
FY2021$5.5M
FY2022$5.7M
FY2023$5.9M
FY2024$6.3M
FY2024$6.8M
Expenses
$6.3M
FY2024▲ +6%
Expenses by fiscal year
FY2020$3.0M
FY2021$4.5M
FY2022$5.1M
FY2023$5.5M
FY2024$6.0M
FY2024$6.3M
Net assets
$11.6M
FY2024▲ +5%
Net assets by fiscal year
FY2020$8.2M
FY2021$9.3M
FY2022$10.2M
FY2023$10.7M
FY2024$11.1M
FY2024$11.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1938.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

25 people listed on the 990; $309K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chadwick Bain
General Manager/COO
$190,147Pt VII · Sec A
Matthew Holmes
Executive Chef
$118,867Pt VII · Sec A
Michael J Francis
1st Vice President & Secretary
$0Pt VII · Sec A
Thomas H Kullman
2nd Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Craig T Boyd
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Chadwick Bain$190,147$160,896———
Jerome Geiger——$156,900$143,818$141,471
Matthew Holmes$118,867$113,731———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dairymen's INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides private recreational activities for its members.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2024.
01

Lodging and meals, golf, tennis, fishing, hiking and conservation.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$6.8M
Ln 12
Fees for servicesLn 2g$4.7M
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$179K
Money outPt IX
$6.3M
Ln 25
Owns and owesPt X
$11.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$12.4M
LiabilitiesLn 26$872K
PeoplePt VI, VII
25
listed · VII A
PaidVII A2
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$95K
Other incomeLn 4–11$179K
Gains on assetsLn 7$2K
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$461K
Land, buildings, equipmentLn 10c$7.0M
Other assetsLn 15$2.2M
Total assetsLn 16$12.4M
LiabilitiesLn 26$872K
Net assetsLn 32$11.6M
OperationsPt I, VI
EmployeesI 582
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.5M$2.5M
InvestmentsLn 11–13$485K$461K
Land, buildings, equipmentLn 10c$6.5M$7.0M
Total assetsLn 16$11.8M$12.4M
LiabilitiesLn 26$779K$872K
Net assetsLn 32$11.1M$11.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$249K
Other salaries and wagesLn 7$2.1M
Pension plan contributionsLn 8$58K
Other employee benefitsLn 9$285K
Payroll taxesLn 10$197K
Accounting feesLn 11c$40K
Other fees for servicesLn 11g$16K
Office expensesLn 13$78K
Information technologyLn 14$116K
OccupancyLn 16$628K
Conferences, conventions and meetingsLn 19$21K
InterestLn 20$799
Depreciation, depletion and amortizationLn 22$722K
InsuranceLn 23$419K
Other expenses (24a–d)Ln 24$995K
All other expensesLn 24e$330K
Total functional expensesLn 25$6.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.3M$6.0M$306K$11.1M 990 PDF
FY2023 $5.9M$5.5M$398K$10.7M 990 PDF
FY2022 $5.7M$5.1M$602K$10.2M 990 PDF
FY2021 $5.5M$4.5M$1.0M$9.3M 990 PDF
FY2020 $2.2M$3.0M−$766K$8.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $6,761,158 across 7 lines filed
Lines not itemized here account for $179,257 of total revenue; see the IRS return.
VIII-1b Membership dues$1,768,460
VIII-1f All other contributions, gifts and grants$8,000
VIII-1h Total contributions, gifts and grants$1,776,460
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,634,391 · Unrelated business $1,076,051$4,710,442
VIII-3 Investment incomeUnrelated business $92,999$92,999
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,000$2,000
VIII-12 Total revenueRelated to mission $3,706,339 · Unrelated business $1,169,050 · Excluded from tax $109,309$6,761,158
Part IX · Statement of functional expenses $6,299,882 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$249,240
IX-7 Other salaries and wages$2,144,801
IX-8 Pension plan contributions$58,000
IX-9 Other employee benefits$284,569
IX-10 Payroll taxes$196,610
IX-11c Accounting fees$39,773
IX-11g Other fees for services$16,483
IX-13 Office expenses$77,980
IX-14 Information technology$115,820
IX-16 Occupancy$628,327
IX-19 Conferences, conventions and meetings$20,747
IX-20 Interest$799
IX-22 Depreciation, depletion and amortization$722,357
IX-23 Insurance$419,405
IX-24 Other expenses (24a–d)$994,851
IX-24e All other expenses$330,120
IX-25 Total functional expenses$6,299,882
Part X · Balance sheet $12,443,827 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $14,243$10,913
X-2 Savings and temporary cash investmentsStart of year $2,505,230$2,523,341
X-4 Accounts receivableStart of year $61,751$98,187
X-8 Inventories for sale or useStart of year $105,575$107,390
X-9 Prepaid expenses and deferred chargesStart of year $44,000$48,000
X-10c Land, buildings and equipment, netStart of year $6,510,183$6,998,482
X-12 Other securitiesStart of year $484,762$461,099
X-15 Other assetsStart of year $2,114,473$2,196,415
X-16 Total assetsStart of year $11,840,217$12,443,827
X-17 Accounts payable and accrued expensesStart of year $772,714$872,012
X-26 Total liabilitiesStart of year $778,833$872,012
X-27 Net assets without donor restrictionsStart of year $11,061,384$11,571,815
X-32 Total net assets or fund balancesStart of year $11,061,384$11,571,815
X-33 Total liabilities and net assetsStart of year $11,840,217$12,443,827
Part XI · Reconciliation of net assets $11,571,815 net assets at year end
XI-1 Total revenue$6,761,158
XI-2 Total expenses$6,299,882
XI-3 Revenue less expenses$461,276
XI-4 Net assets at start of year$11,061,384
XI-5 Net unrealized gains (losses) on investments$5,970
XI-8 Prior period adjustments−$38,757
XI-9 Other changes in net assets$81,942
XI-10 Net assets at end of year$11,571,815

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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