Dairymen's INC FY2023 filing

Not tax-deductible

Boulder Jct, WI501(c)(7)Since 1924Mutual / membership EIN 36-0973540Revenue $5.9M in FY2023

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2023 · 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
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$768K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
+3% vs prior year
Spent
$5.5M
Net assets
$10.7M
By yearFY2020–FY2025
Revenue
$5.9M
FY2023▲ +3%
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
$5.5M
FY2023▲ +7%
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
$10.7M
FY2023▲ +5%
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 FY2023 Form 990 (year ending October 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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

Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · in their own filed words · FY2022
01

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

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Fees for servicesLn 2g$4.2M
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$41K
Money outPt IX
$5.5M
Ln 25
Owns and owesPt X
$10.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$11.4M
LiabilitiesLn 26$768K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$4.2M
Investment incomeLn 3$36K
Other incomeLn 4–11$41K
Gains on assetsLn 7$3K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$2.0M
Total assetsLn 16$11.4M
LiabilitiesLn 26$768K
Net assetsLn 32$10.7M
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 FY23End FY23
Cash and savingsLn 1–2$1.6M$1.6M
InvestmentsLn 11–13$868K$1.1M
Land, buildings, equipmentLn 10c$6.3M$6.6M
Total assetsLn 16$10.9M$11.4M
LiabilitiesLn 26$792K$768K
Net assetsLn 32$10.2M$10.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$138K
Other salaries and wagesLn 7$1.9M
Pension plan contributionsLn 8$32K
Other employee benefitsLn 9$294K
Payroll taxesLn 10$173K
Accounting feesLn 11c$39K
Other fees for servicesLn 11g$43K
Office expensesLn 13$82K
Information technologyLn 14$72K
OccupancyLn 16$557K
Conferences, conventions and meetingsLn 19$28K
InterestLn 20$2K
Depreciation, depletion and amortizationLn 22$672K
InsuranceLn 23$342K
Other expenses (24a–d)Ln 24$1.0M
All other expensesLn 24e$66K
Total functional expensesLn 25$5.5M

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 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,852,796 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,466,343$1,529,127
I-9 Program service revenuePrior year $4,127,527$4,246,718
I-10 Investment incomePrior year $2,485$36,343
I-11 Other revenuePrior year $100,339$40,608
I-12 Total revenuePrior year $5,696,694$5,852,796
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 $2,260,066$2,540,774
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,834,190$2,913,755
I-18 Total expensesPrior year $5,094,256$5,454,529
I-19 Revenue less expensesPrior year $602,438$398,267
Part VI · Governance 24 of 24 board members independent, 3 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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 $5,852,796 across 6 lines filed
Lines not itemized here account for $45,980 of total revenue; see the IRS return.
VIII-1b Membership dues$1,529,127
VIII-1h Total contributions, gifts and grants$1,529,127
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,301,778 · Unrelated business $939,568$4,241,346
VIII-3 Investment incomeExcluded from tax $33,093$33,093
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,250$3,250
VIII-12 Total revenueRelated to mission $3,336,264 · Unrelated business $939,568 · Excluded from tax $47,837$5,852,796
Part IX · Statement of functional expenses $5,454,529 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$138,250
IX-7 Other salaries and wages$1,904,349
IX-8 Pension plan contributions$32,000
IX-9 Other employee benefits$293,563
IX-10 Payroll taxes$172,612
IX-11c Accounting fees$39,322
IX-11g Other fees for services$43,147
IX-13 Office expenses$82,140
IX-14 Information technology$71,979
IX-16 Occupancy$557,458
IX-19 Conferences, conventions and meetings$27,802
IX-20 Interest$1,551
IX-22 Depreciation, depletion and amortization$672,000
IX-23 Insurance$342,204
IX-24 Other expenses (24a–d)$1,010,642
IX-24e All other expenses$65,510
IX-25 Total functional expenses$5,454,529
Part X · Balance sheet $11,442,442 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $26,363$9,706
X-2 Savings and temporary cash investmentsStart of year $1,543,249$1,590,551
X-4 Accounts receivableStart of year $83,145$43,375
X-8 Inventories for sale or useStart of year $73,671$78,153
X-9 Prepaid expenses and deferred chargesStart of year $46,913$40,000
X-10c Land, buildings and equipment, netStart of year $6,331,532$6,576,851
X-12 Other securitiesStart of year $867,639$1,062,637
X-15 Other assetsStart of year $1,971,921$2,041,169
X-16 Total assetsStart of year $10,944,433$11,442,442
X-17 Accounts payable and accrued expensesStart of year $770,883$753,972
X-26 Total liabilitiesStart of year $791,973$767,817
X-27 Net assets without donor restrictionsStart of year $10,152,460$10,674,625
X-32 Total net assets or fund balancesStart of year $10,152,460$10,674,625
X-33 Total liabilities and net assetsStart of year $10,944,433$11,442,442
Part XI · Reconciliation of net assets $10,674,625 net assets at year end
XI-1 Total revenue$5,852,796
XI-2 Total expenses$5,454,529
XI-3 Revenue less expenses$398,267
XI-4 Net assets at start of year$10,152,460
XI-5 Net unrealized gains (losses) on investments$54,650
XI-9 Other changes in net assets$69,248
XI-10 Net assets at end of year$10,674,625

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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