Dairymen's INC FY2020 filing

Not tax-deductible

Boulder Jct, WI501(c)(7)Since 1924Mutual / membership EIN 36-0973540Revenue $2.2M in FY2020

On file with the IRSPo Box 289, 54512-0289 · Boulder Jct, WITax-exempt since Sep 1938

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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.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
82¢ of each $1 spent went to programs.
$141K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $341K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
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
<1 mo
of spending, in cash
Plus $861K in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $861K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
15% of total assets
Looks good: liabilities are 15% 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
$2.2M
Spent
$3.0M
To programs
82%
Net assets
$8.2M
By yearFY2020–FY2025
Revenue
$2.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$5.5M
FY2022$5.7M
FY2023$5.9M
FY2024$6.3M
FY2025$6.8M
Expenses
$3.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$4.5M
FY2022$5.1M
FY2023$5.5M
FY2024$6.0M
FY2025$6.3M
Net assets
$8.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.2M
FY2021$9.3M
FY2022$10.2M
FY2023$10.7M
FY2024$11.1M
FY2025$11.6M

From the FY2020 Form 990 (year ending October 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1938.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.5M Management & general 18% · $533K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $141K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Club Manager
$141,471Pt VII · Sec A
$0Pt VII · Sec A
Director; 2nd Vice-Preside
$0Pt VII · Sec A
Director; Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director; Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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1 program · $2.5M · in their own filed words · FY2019
01

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

$2.5Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$278K
Investment incomeLn 3$25K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.5M
Managementcol C$533K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$9.6M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
25
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$25K
Other incomeLn 4–11$278K
Gains on assetsLn 7$3K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$79K
Cash and savings togetherLn 1–2$86K
InvestmentsLn 11–13$861K
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$1.8M
Total assetsLn 16$9.6M
LiabilitiesLn 26$1.5M
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 582
VolunteersI 640
Fiscal year endsHeaderOctober
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 FY20End FY20
Cash and savingsLn 1–2$188K$86K
InvestmentsLn 11–13$1.3M$861K
Land, buildings, equipmentLn 10c$7.1M$6.6M
Total assetsLn 16$10.4M$9.6M
LiabilitiesLn 26$1.6M$1.5M
Net assetsLn 32$8.8M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$900K$584K$316K
Pension plan contributionsLn 8$30K$30K
Other employee benefitsLn 9$195K$195K
Payroll taxesLn 10$52K$36K$16K
Legal feesLn 11b$690$690
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$12K$12K
Information technologyLn 14$43K$43K
OccupancyLn 16$68K$68K
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$32K$32K
Depreciation, depletion and amortizationLn 22$636K$636K
InsuranceLn 23$247K$247K
Other expenses (24a–d)Ln 24$541K$483K$58K
All other expensesLn 24e$203K$184K$19K
Total functional expensesLn 25$3.0M$2.5M$533K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.8M$6.3M$461K$11.6M 990 PDF
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 Viewing $2.2M$3.0M−$766K$8.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,229,758 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,274,147$1,926,466
I-10 Investment incomePrior year $14,031$25,190
I-11 Other revenuePrior year $137,710$278,102
I-12 Total revenuePrior year $4,425,888$2,229,758
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,963,094$1,177,193
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,561,185$1,818,473
I-18 Total expensesPrior year $4,524,279$2,995,666
I-19 Revenue less expensesPrior year −$98,391−$765,908
Part VI · Governance 22 of 22 board members independent, 3 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,229,758 across 5 lines filed
Lines not itemized here account for −$4,956 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,802,121 · Unrelated business $121,526$1,923,647
VIII-3 Investment incomeUnrelated business $22,590$22,590
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,600$2,600
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $285,877$285,877
VIII-12 Total revenueRelated to mission $2,085,642 · Unrelated business $144,116 · Excluded from tax $0$2,229,758
Part IX · Statement of functional expenses $2,995,666 across 15 lines filed
IX-7 Other salaries and wagesPrograms $584,335 · Management $315,896$900,231
IX-8 Pension plan contributionsPrograms $30,000$30,000
IX-9 Other employee benefitsPrograms $195,440$195,440
IX-10 Payroll taxesPrograms $35,530 · Management $15,992$51,522
IX-11b Legal feesManagement $690$690
IX-11c Accounting feesManagement $31,440$31,440
IX-11g Other fees for servicesManagement $11,788$11,788
IX-14 Information technologyManagement $42,620$42,620
IX-16 OccupancyPrograms $67,841$67,841
IX-19 Conferences, conventions and meetingsManagement $5,289$5,289
IX-20 InterestManagement $32,121$32,121
IX-22 Depreciation, depletion and amortizationPrograms $635,668$635,668
IX-23 InsurancePrograms $247,301$247,301
IX-24 Other expenses (24a–d)Programs $482,553 · Management $58,296$540,849
IX-24e All other expensesPrograms $183,954 · Management $18,912$202,866
IX-25 Total functional expensesPrograms $2,462,622 · Management $533,044 · Fundraising $0$2,995,666
Part X · Balance sheet $9,605,005 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $15,543$7,203
X-2 Savings and temporary cash investmentsStart of year $172,616$78,892
X-4 Accounts receivableStart of year $41,875$57,179
X-8 Inventories for sale or useStart of year $85,897$86,679
X-9 Prepaid expenses and deferred chargesStart of year $37,303$32,996
X-10c Land, buildings and equipment, netStart of year $7,115,355$6,644,564
X-12 Other securitiesStart of year $1,339,629$860,947
X-15 Other assetsStart of year $1,566,904$1,836,545
X-16 Total assetsStart of year $10,375,122$9,605,005
X-17 Accounts payable and accrued expensesStart of year $638,877$796,777
X-24 Unsecured notes and loans payableStart of year $171,050$106,272
X-26 Total liabilitiesStart of year $1,559,927$1,453,349
X-27 Net assets without donor restrictionsStart of year $8,815,195$8,151,656
X-32 Total net assets or fund balancesStart of year $8,815,195$8,151,656
X-33 Total liabilities and net assetsStart of year $10,375,122$9,605,005
Part XI · Reconciliation of net assets $8,151,656 net assets at year end
XI-1 Total revenue$2,229,758
XI-2 Total expenses$2,995,666
XI-3 Revenue less expenses−$765,908
XI-4 Net assets at start of year$8,815,195
XI-5 Net unrealized gains (losses) on investments$503
XI-9 Other changes in net assets$101,866
XI-10 Net assets at end of year$8,151,656

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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