Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
EIN 35-2141464 • 501(c)3 • Fair Oaks, IN
Profile
The organization exists to implement a dairy promotion, research and education program in indiana. The center charges a nominal fee to the public and includes education displays and bus tours through an operating dairy.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Liabilities / Revenue
66th percentile
Higher debt load relative to revenue than 66% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
23rd percentile
Higher top officer pay than 23% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
12th percentile
Faster asset growth than 12% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Assets
Down$3,867,782
Down $466,200 (-11%) from 2023
Liabilities
Up$1,641,097
Up $287,062 (+21%) from 2023
Net Assets
Down$2,226,685
Down $753,262 (-25%) from 2023
Revenue
Up$5,098,068
Up $1,660,661 (+48%) from 2023
Expenses
Up$5,851,330
Up $1,304,921 (+29%) from 2023
Net Income
Up-$753,262
Up $355,740 (+32%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The organization exists to implement a dairy promotion, research and education program in indiana. The center charges a nominal fee to the public and includes education displays and bus tours through an operating dairy.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,834,118 | $3,445,285 | ▼ $388,833 |
| Prepaid Expenses and Deferred Charges | $249,572 | $233,701 | ▼ $15,871 |
| Accounts Receivable | $149,178 | $100,212 | ▼ $48,966 |
| Cash and Non-Interest-Bearing Accounts | $101,114 | $88,584 | ▼ $12,530 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $4,333,982 | $3,867,782 | ▼ $466,200 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $1,014,651 | $1,198,434 | ▲ $183,783 |
| Mortgage Notes Payable Secured by Investment Property | $339,384 | $442,663 | ▲ $103,279 |
| Total Liabilities | $1,354,035 | $1,641,097 | ▲ $287,062 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,979,947 | $2,226,685 | ▼ $753,262 |
| Total Net Assets Fund Balance | $2,979,947 | $2,226,685 | ▼ $753,262 |
| Total Liabilities and Net Assets / Fund Balance | $4,333,982 | $3,867,782 | ▼ $466,200 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $1,469,669 | $2,587,582 | $4,057,251 |
| Leasehold Improvements | $1,691,116 | $827,149 | $2,518,265 |
| Equipment | $284,500 | $608,027 | $892,527 |
| Name | Title |
|---|---|
| Fred Schakel | Board Member |
| Joel Van Ravenswaay | Board Member |
| Jolynn Gosser | Board Member |
| Malcolm Dekryger | Board Member |
| Steve Bos | Board Member |
| Line Item | Amount |
|---|---|
| Other Expenses | $5,692,689 |
| Salaries, Compensation, and Employee Benefits | $158,641 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | - | $772,165 | - | $772,165 |
| Depreciation Depletion | - | $737,451 | - | $737,451 |
| Occupancy | $598,764 | - | - | $598,764 |
| Advertising | - | $593,599 | - | $593,599 |
| Insurance | - | $218,388 | - | $218,388 |
| All Other Expenses | $1,700 | $213,890 | - | $215,590 |
| Other Expenses | $127,165 | - | - | $127,165 |
| Other Employee Benefits | - | $115,173 | - | $115,173 |
| Office Expenses | $4,914 | $60,212 | - | $65,126 |
| Pension Plan Contributions | - | $43,468 | - | $43,468 |
| Fees for Services Other | - | $17,105 | - | $17,105 |
| Interest | - | $13,144 | - | $13,144 |
| Fees for Services Accounting | - | $7,096 | - | $7,096 |
| Total Functional Expenses | $3,059,639 | $2,791,691 | $0 | $5,851,330 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“The following relationships exist: steve bos - board member is brother to lynn schakel.fred schakel - board member is husband to lynn schakel.”
“The organization does not have any committees with authority to act on behalf of the governing body.”
“The treasurer reviews the tax return. Any questions are addressed to the appropriate contacts within the tax pereparer's office. The treasurer obtains appropriate signature and the tax return is fowarded to the proper taxing authorities.”
“The organization's governing documents, policies, and financial statements are available to the public upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 100212 |
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| IRS990/ActivityOrMissionDesc | 0 | THE ORGANIZATION EXISTS TO IMPLEMENT A DAIRY PROMOTION, RESEARCH AND EDUCATION PROGRAM IN INDIANA. THE CENTER CHARGES A NOMINAL FEE TO THE PUBLIC AND INCLUDES EDUCATION DISPLAYS AND BUS TOURS THROUGH AN OPERATING DAIRY. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 593599 |
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| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 1700 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 215590 |
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| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
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| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THE ORGANIZATION EXISTS TO IMPLEMENT A DAIRY PROMOTION, RESEARCH AND EDUCATION PROGRAM IN INDIANA. THE CENTER CHARGES A NOMINAL FEE TO THE PUBLIC. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Part I: Additional Information |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | Part I, Line 12f: Supported Org Not Named in Organizing Documents |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2548000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2548000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2548000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2966865 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 13158865 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 13158865 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 2548000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2548000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2548000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2548000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2966865 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 13158865 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 13158865 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 284500 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 608027 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 892527 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 1691116 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 827149 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 2518265 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 1469669 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 2587582 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 4057251 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3445285 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOLLOWING RELATIONSHIPS EXIST: STEVE BOS - BOARD MEMBER IS BROTHER TO LYNN SCHAKEL.FRED SCHAKEL - BOARD MEMBER IS HUSBAND TO LYNN SCHAKEL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE TREASURER REVIEWS THE TAX RETURN. ANY QUESTIONS ARE ADDRESSED TO THE APPROPRIATE CONTACTS WITHIN THE TAX PEREPARER'S OFFICE. THE TREASURER OBTAINS APPROPRIATE SIGNATURE AND THE TAX RETURN IS FOWARDED TO THE PROPER TAXING AUTHORITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 8b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | DAIRY MANAGEMENT INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | IL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | DAIRY INFORMATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 10255 W HIGGINS ROAD STE 900 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | ROSEMONT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 60018 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | false |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | false |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | false |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | false |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | false |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | false |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 4333982 |
| IRS990/TotalAssetsEOYAmt | 0 | 3867782 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4333982 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3867782 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 5098068 |
| IRS990/TotalEmployeeCnt | 0 | 50 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 2791691 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 3059639 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 5851330 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1354035 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1641097 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1354035 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1641097 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2979947 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2226685 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 3059639 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 5098068 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 4333982 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3867782 |
| IRS990/TravelGrp/TotalAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 856 N 600 E |
| IRS990/USAddress/CityNm | 0 | FAIR OAKS |
| IRS990/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/USAddress/ZIPCd | 0 | 47943 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | WWW.FAIROAKSDAIRYADVENTURE.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEVE BOS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE STATES DAIRY CENTER INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 352141464 |
| ReturnHeader/Filer/PhoneNum | 0 | 2193945325 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 856 N 600 E |
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