Dairymens Inc

The information for Dairymens Inc is as of the organization's most recent filing in October 2020. This organization is located in Boulder Junction, WI. It has been in existence for 82 years, following its founding in 1938.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Dairymens Inc's NTEE code is N60. The "N" tells us that the organization is classified along with Recreation & Sports. The "60" tells us that the organization is an Amateur Sports organization. The NTEE describes Amateur Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in, and enjoy the organized recreational activity, sport or game of their choice. These organizations may sponsor or make arrangements for athletes to participate in amateur competitions and provide officials for games.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Dairymens Inc is to provide a private recreational organization for members.

Program Areas

Within the general fund the organization reports all revenues and expenses related to lodging and meals, golf, tennis, fishing, hiking, and conservation.

Organization Staffing

Dairymens Inc is run by Thomas E Koenig, who is the President. The organization has 106 employees, of whom only one is paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers associated with the organization.

Board Governance

Dairymens Inc is well-governed, with 22 voting members and 22 independent members. Potential conflicts of interest are addressed, as the organization has a conflict of interest policy that requires disclosure. Board meetings are documented, and the organization substantiates and reviews leadership salary. Furthermore, the organization provides copies of the 990 to the board prior to filing. However, there is room for improvement in the governance of Dairymens Inc, as committee meetings are not documented, there is no written whistleblower policy, and officer salaries are not substantiated and reviewed.

Organization Growth

Overall, Dairymens Inc has seen mixed results in terms of growth over the past five years. Program Service Revenue decreased, while Investment Income, Other Revenue, and the number of Employees all increased. Total Revenue and Total Expenses both decreased, while Employee Salaries increased.