Dairy Lab Services Inc
- Assets
- $6.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- McGregor, IA
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 42-0778132
Organization Overview
Dairy Lab Services Inc is located in McGregor, IA. The organization was established in 1999. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Dairy Lab Services Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Dairy Lab Services Inc generated $53.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $53.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PRIMARY FUNCTION OF THE ORGANIZATION IS TO PROVIDE HERD TESTING (PRODUCTION INFORMATION) TO MEMBERS. THE SERVICE IS SUPPORTED BY FEES PAID BY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff West President | 0.25 | $0 | |
Kent Franks Vice President | 0.25 | $0 | |
Bryan Franks Secretary/treasurer | 0.25 | $0 | |
3 Other Directors Directors | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $53,363 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,376 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,352 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,010 |
| Total expenses | $53,362 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,211 |
| Other assets | $0 |
| Total assets | $6,211 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,211 |