Overview
What is Lake States Dairy Center Inc?
Lake States Dairy Center Inc, located in Fair Oaks, Indiana, is a nonprofit organization dedicated to promoting, conducting research, and educating the public about dairy. They offer a nominal fee-based program that includes educational displays and guided bus tours through an operating dairy. This center serves as a platform to raise awareness and understanding of dairy-related matters, fostering knowledge and appreciation for the dairy industry in Indiana. With a team of 46 employees, Lake States Dairy Center Inc plays a significant role in enhancing dairy-related education and promotion within the state.
Official website here: www.fairoaksdairyadventure.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Lake States Dairy Center Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. The organization scored 61% overall, which highlights significant concerns particularly with its governance structures, as there are no independent board members, and it lacks essential policies such as conflict of interest and whistleblower protections.
Despite some positive indicators, such as having no material diversion of assets and reasonable liabilities to assets ratio, the nonprofit struggles with transparency and financial management. It has not provided an accessible tax form on its website, which hinders public trust and accountability. Moreover, the low fundraising efficiency ratio raises concerns about its ability to effectively utilize donations for its mission.
In summary, while Lake States Dairy Center Inc demonstrates some strengths in asset management and operational stability, its overall governance and accountability practices require urgent attention. The lack of independent oversight and essential policies may detract from its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lake States Dairy Center Inc legitimate?
Lake States Dairy Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake States Dairy Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fairoaksdairyadventure.com
What is the mission statement of Lake States Dairy Center Inc?
Lake States Dairy Center Inc's mission is centered around promoting dairy-related activities in Indiana. The organization conducts a dairy promotion, research, and education program, which is accessible to the public for a nominal fee. The program includes educational displays and guided bus tours through an operating dairy. The primary objective of Lake States Dairy Center Inc is to increase public understanding and appreciation of dairy production processes. It also aims to contribute to the advancement of dairy-related research and education.
Official website here: www.fairoaksdairyadventure.com
Who is the CEO of Lake States Dairy Center Inc?
Steve Bos is the President of Lake States Dairy Center Inc.
Official website here: www.fairoaksdairyadventure.com
What is the revenue of Lake States Dairy Center Inc?
Lake States Dairy Center Inc's revenue in 2022 was $3,713,273.
Official website here: www.fairoaksdairyadventure.com
Who are the executives of Lake States Dairy Center Inc and what are their salaries?
There are 46 employees at Lake States Dairy Center Inc.
Here are 7 key members and their salaries:
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Official website here: www.fairoaksdairyadventure.com
Where can I find the form 990 for Lake States Dairy Center Inc?
Lake States Dairy Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairoaksdairyadventure.com
Learn more at the official website: www.fairoaksdairyadventure.com
Mission Statement of Lake States Dairy Center Inc
Lake States Dairy Center Inc is committed to implementing a dairy promotion, research, and education program in Indiana. The organization achieves this by charging a nominal fee to the public, offering educational displays, and conducting bus tours through an operating dairy. The mission of Lake States Dairy Center Inc is to promote the understanding and appreciation of dairy farming, conduct research in the field, and educate the public on various aspects of dairy production. The center seeks to engage the community in an interactive and informative way, providing a unique opportunity for individuals to learn about the dairy industry firsthand.
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Impact
October, 2024
Lake States Dairy Center Inc plays a significant role in promoting and educating the public about the dairy industry in Indiana. By implementing a comprehensive dairy promotion, research, and education program, the organization connects consumers with the realities of dairy farming. The center enhances community engagement through educational displays and bus tours of an operating dairy, allowing participants to witness the dairy production process firsthand. This immersive experience not only raises awareness about the importance of dairy in the local economy but also fosters a deeper appreciation for sustainable agricultural practices. By charging a nominal fee, the center ensures accessibility to its programs while supporting ongoing educational initiatives that benefit farmers and the broader community alike.
This information is meant to be a general summary of Lake States Dairy Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $3,713,273
Assets and Liabilities:
- Total Assets: $5,141,508
- Total Liabilities: $1,052,559
- Net Assets: $4,088,949
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Organization Details
Founding Year
2001
Phone
(219) 394-2025Principal Officer
Steve Bos
Main Address
856 N 600 E, FAIR OAKS, IN, 47943
NTEE Category
Code: A50 - Arts
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