Civic Intelligence

Lake States Dairy Center Inc

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.

856 N 600 EFair Oaks, IN 47943

www.fairoaksdairyadventure.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.42x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.32x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

48%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $1,531,004Liabilities 2015: $312,996Net Assets 2015: $1,218,0082015Assets 2016: $4,169,588Liabilities 2016: $2,506,178Net Assets 2016: $1,663,4102016Assets 2018: $5,596,182Liabilities 2018: $2,255,248Net Assets 2018: $3,340,9342018Assets 2019: $6,194,896Liabilities 2019: $2,006,655Net Assets 2019: $4,188,2412019Assets 2020: $5,550,138Liabilities 2020: $1,025,693Net Assets 2020: $4,524,4452020Assets 2021: $6,073,141Liabilities 2021: $1,590,023Net Assets 2021: $4,483,1182021Assets 2022: $5,141,508Liabilities 2022: $1,052,559Net Assets 2022: $4,088,9492022Assets 2023: $4,333,982Liabilities 2023: $1,354,035Net Assets 2023: $2,979,9472023Assets 2024: $3,867,782Liabilities 2024: $1,641,097Net Assets 2024: $2,226,6852024

Highlighted filing

2024

Assets$3,867,782
Liabilities$1,641,097
Net Assets$2,226,685

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $4,047,701Expenses 2015: $3,281,051Net Income 2015: $766,6502015Revenue 2016: $3,771,498Expenses 2016: $3,326,096Net Income 2016: $445,4022016Revenue 2018: $3,820,588Expenses 2018: $3,215,542Net Income 2018: $605,0462018Revenue 2019: $4,214,050Expenses 2019: $3,366,743Net Income 2019: $847,3072019Revenue 2020: $3,602,855Expenses 2020: $3,266,651Net Income 2020: $336,2042020Revenue 2021: $3,616,020Expenses 2021: $3,657,347Net Income 2021: -$41,3272021Revenue 2022: $3,713,273Expenses 2022: $4,107,442Net Income 2022: -$394,1692022Revenue 2023: $3,437,407Expenses 2023: $4,546,409Net Income 2023: -$1,109,0022023Revenue 2024: $5,098,068Expenses 2024: $5,851,330Net Income 2024: -$753,2622024

Highlighted filing

2024

Revenue$5,098,068
Expenses$5,851,330
Net Income-$753,262

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$5,098,068
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fred SchakelBoard Member
Joel Van RavenswaayBoard Member
Jolynn GosserBoard Member
Malcolm DekrygerBoard Member
Steve BosBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$5,098,068
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,098,068
Change in Net Assets
$-753,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following relationships exist: steve bos - board member is brother to lynn schakel.fred schakel - board member is husband to lynn schakel.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

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.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lake States Dairy Center Inc
EIN
35-2141464
Phone
2193945325
Address
856 N 600 E, FAIR OAKS, IN 47943

Signing Officer

Name
Steve Bos
Title
President
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Bos
Formed
2001
Legal Domicile
In
Voting Board Members
5
Independent Board Members
0
Employees
50

Preparer

Firm
Hicks Williams Crawford & Lynch Llp
Address
9541 PITTSBURGH AVE, RANCHO CUCAMONGA, CA 91730
Preparer
Derek Williams CPA
Phone
9092126400
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part I, Line 12f: Supported Org Not Named in Organizing Documents
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02548000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02548000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02548000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02548000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02966865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt013158865
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt013158865
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02548000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02548000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02548000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02548000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02966865
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013158865
IRS990ScheduleA/TotalSupportAmt013158865
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0284500
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0608027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0892527
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01691116
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0827149
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02518265
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01469669
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02587582
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04057251
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03445285
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING RELATIONSHIPS EXIST: STEVE BOS - BOARD MEMBER IS BROTHER TO LYNN SCHAKEL.FRED SCHAKEL - BOARD MEMBER IS HUSBAND TO LYNN SCHAKEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DAIRY MANAGEMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DAIRY INFORMATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010255 W HIGGINS ROAD STE 900
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROSEMONT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060018
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04333982
IRS990/TotalAssetsEOYAmt03867782
IRS990/TotalAssetsGrp/BOYAmt04333982
IRS990/TotalAssetsGrp/EOYAmt03867782
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05098068
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02791691
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03059639
IRS990/TotalFunctionalExpensesGrp/TotalAmt05851330
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01354035
IRS990/TotalLiabilitiesEOYAmt01641097
IRS990/TotalLiabilitiesGrp/BOYAmt01354035
IRS990/TotalLiabilitiesGrp/EOYAmt01641097
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02979947
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02226685
IRS990/TotalProgramServiceExpensesAmt03059639
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05098068
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04333982
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03867782
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0856 N 600 E
IRS990/USAddress/CityNm0FAIR OAKS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047943
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.FAIROAKSDAIRYADVENTURE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE BOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE STATES DAIRY CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0352141464
ReturnHeader/Filer/PhoneNum02193945325
ReturnHeader/Filer/USAddress/AddressLine1Txt0856 N 600 E

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