Dairy Lab Services Inc
- Assets
- $2.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 51
- Location
- Dubuque, IA
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 42-1102297
Organization Overview
Dairy Lab Services Inc is located in Dubuque, IA. The organization was established in 1999. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Dairy Lab Services Inc employed 51 individuals. This organization is a parent organization of 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 12/2021, Dairy Lab Services Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND OPERATE PROGRESSIVE MANAGEMENT INFORMATION SERVICES FOR AGRICULTURE PRODUCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAIRY LAB SERVICES INC PROVIDES SERVICES TO 480 DAIRY PRODUCER MEMBERS IN IOWA AND ILLINOIS TO ENHANCE THEIR ABILITY TO PRODUCE A BETTER QUALITY OF MILK OUTPUT AND INCREASE PRODUCTIVITY.DAIRY LAB SERVICES INC IS SUBJECT TO AND MEETS THE REQUIREMENTS OF THE FOLLOWING REGULATORY AGENCIES: FOOD AND DRUG ADMINISTRATION, IOWA DEPT OF AGRICULTURE, IOWA DEPT. OF NATURAL RESOURCES, GRADE A PASTEURIZED MILK ORDINANCE, NATIONAL DAIRY HERD IMPROVEMENT ASSOCIATION. TRAINED QUALIFIED TECHNICIANS PERFORM COMPONENT AND QUALITY ANALYSIS OF MILK SAMPLES. COMPONENTS ARE TESTED FOR: BUTTERFAT, PROTEIN, SOMATIC CELL COUNT, LACTOSE, OTHER SOLIDS, TOTAL SOLIDS, ADDED WATER AND MILK UREA NITROGEN (MUN). QUALITY ANALYSIS OF MILK SAMPLES ARE TESTED FOR PLATE LOOP COUNT, PRELIMINARY INCUBATION, LAB PASTEURIZATION, MILK COLIFORM, CRYOSCOPE, SEDIMENT, ANTIBIOTIC, DIRECT MICROSCOPE SCC, COLIFORM AND NITRATES (WATER). OTHER ANALYSIS OF MILK SAMPLES INCLUDES: MASTITIS CULTURING AND MASTITIS DNA TESTING (TO DETECT/IDENTIFY/QUANTIFY STAPH AUREUS, STREP AGALACTIAE, MYCOPLASMA BOVIS, E COLI, AND OTHER BACTERIA), MILK PREGNANCY, AND JOHNE'S TESTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Hopper CEO | Officer | 50 | $94,471 |
Scott Petsche CFO | Officer | 45 | $68,841 |
Matt Fordyce Treasurer | OfficerTrustee | 1 | $1,360 |
Patrick Reisinger President | OfficerTrustee | 1 | $1,260 |
Mary Goebel Director | Trustee | 1 | $850 |
Ronald Snodgrass Secretary | OfficerTrustee | 1 | $780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,920,963 |
| Investment income | $5,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,890 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,966 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,967,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $247,774 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $909,765 |
| Pension plan accruals and contributions | $32,520 |
| Other employee benefits | $223,629 |
| Payroll taxes | $107,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,597 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $297,513 |
| Advertising and promotion | $471 |
| Office expenses | $304,416 |
| Information technology | $10,176 |
| Royalties | $0 |
| Occupancy | $42,292 |
| Travel | $205,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,116 |
| Interest | $0 |
| Payments to affiliates | $22,254 |
| Depreciation, depletion, and amortization | $164,729 |
| Insurance | $19,335 |
| All other expenses | $0 |
| Total functional expenses | $3,182,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173 |
| Savings and temporary cash investments | $950,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,851 |
| Prepaid expenses and deferred charges | $98,969 |
| Net Land, buildings, and equipment | $900,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,147,827 |
| Accounts payable and accrued expenses | $138,383 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,000 |
| Total liabilities | $193,383 |
| Net assets without donor restrictions | $1,954,444 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,147,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Continuing Legal Education St Paul, MN | $8,925,576 | $6,672,774 |
National Community Investment Fund Irrv Tr Chicago, IL | $49,874,763 | $9,294,920 |
Cedar Valley Friends Of The Family Inc Waterloo, IA | $2,837,799 | $5,986,099 |
Dairy Lab Services Inc Dubuque, IA | $2,147,827 | $2,967,894 |
Ladies Union Benevolent Association St Joseph, MO | $16,215,368 | $4,268,127 |
Northfield Healthy Community Initiative Northfield, MN | $2,436,956 | $3,116,991 |
National Association Of Electrical Distributors Education Foundation St Louis, MO | $19,969,630 | $3,274,087 |
Greater Green Bay Chamber Of Commerce Foundation Inc Green Bay, WI | $2,890,843 | $1,952,883 |
Creighton Dental Qalicb Inc Omaha, NE | $58,173,712 | $318,000 |
St Joseph Services Inc Chicago, IL | $1,123,789 | $1,648,775 |
Highlander Phase I Qalicb Inc Omaha, NE | $24,103,706 | $743,746 |
Roth & Letch Family Charitable Foundation Dakota Dunes, SD | $32,020,107 | $0 |