Holstein Friesian Association Of America
- Assets
- $38.1m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 112
- Location
- Brattleboro, VT
- Founding
- 08/1942
- Data as of
- 12/2023
- EIN
- 03-0130760
Organization Overview
Holstein Friesian Association Of America is located in Brattleboro, VT. The organization was established in 1942. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Holstein Friesian Association Of America employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holstein Friesian Association Of America is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Holstein Friesian Association Of America generated $17.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $19.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Holstein Friesian Association Of America has awarded 14 individual grants totaling $1,058,139. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PERMANENT IDENTIFICATION OF PUREBRED HOLSTEIN DAIRY CATTLE; COLLECTION AND DISSEMINATION OF MILK PRODUCTION & PHYSICAL TRAIT DATA; AND BREEDER ASSISTANCE & EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERMANENT IDENTIFICATION OF PUREBRED HOLSTEIN DAIRY CATTLE, RECORDING OWNERSHIP TRANSACTIONS, AND MAINTAINING PROGENY RECORDS: DURING 2023, THE ASSOCIATION IDENTIFIED 541,607 ANIMALS THROUGH REGISTRATION AND BASIC ID PROGRAMS AND RECORDED 81,199 OWNERSHIP TRANSFERS.
COLLECTION OF MILK PRODUCTION AND PHYSICAL TRAIT DATA AND EVALUATION AND DISSEMINATION OF INFORMATION: DURING 2023, 233,835 ANIMALS WERE CLASSIFIED & EVALUATED; 4,513 HERDS PARTICIPATED IN DAIRY HERD IMPROVEMENT; 366,825 ANIMALS AND 2,754 HERDS PARTICIPATED IN THE TRISTAR PROGRAM; 86,064 PEDIGREES WERE ISSUED; 4,044 COPIES OF THE SIRE SUMMARY WERE ISSUED; PROCESSED DAIRY RECORDS AND RECORDED MILK PRODUCTION OF 982,822 ANIMALS FROM 508 HERDS.
BREEDER ASSISTANCE AND EDUCATION: DURING 2023, 1,153 HERDS PARTICIPATED IN SIRE EVALUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Burket Vice President | Trustee | 1 | $9,900 |
Robert Webb Director | Trustee | 1 | $3,900 |
Steve Keene Director | Trustee | 1 | $3,600 |
Stephen L Moff Director | Trustee | 1 | $3,600 |
Dwight Rokey Director | Trustee | 1 | $3,600 |
Spencer Hackett Director | Trustee | 1 | $3,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eric Grant Grant Company Llc Professional Services | 12/30/23 | $369,706 |
Pacific Data Management Computer Programming | 12/30/23 | $240,788 |
Tech Action Services Llc Professional Services | 12/30/23 | $172,000 |
Career Movement Llc Recruiting Services | 12/30/23 | $101,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $362,080 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,584 |
| Total Program Service Revenue | $16,446,603 |
| Investment income | $1,477,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$533,546 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,803,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,680 |
| 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. | $788,242 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,272,397 |
| Pension plan accruals and contributions | $816,780 |
| Other employee benefits | $1,747,673 |
| Payroll taxes | $557,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,607 |
| Fees for services: Accounting | $57,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,561 |
| Fees for services: Other | $548,367 |
| Advertising and promotion | $398,340 |
| Office expenses | $677,472 |
| Information technology | $499,740 |
| Royalties | $0 |
| Occupancy | $349,200 |
| Travel | $1,156,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181,972 |
| Interest | $10,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467,529 |
| Insurance | $138,982 |
| All other expenses | $0 |
| Total functional expenses | $19,624,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,144 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,910,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $762,980 |
| Inventories for sale or use | $92,582 |
| Prepaid expenses and deferred charges | $492,979 |
| Net Land, buildings, and equipment | $5,201,330 |
| Investments—publicly traded securities | $28,008,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,145,743 |
| Accounts payable and accrued expenses | $980,453 |
| Grants payable | $0 |
| Deferred revenue | $2,169,901 |
| 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 | $4,453,744 |
| Total liabilities | $7,604,098 |
| Net assets without donor restrictions | $30,541,645 |
| 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 | $38,145,743 |
Grants Awarded
Over the last fiscal year, Holstein Friesian Association Of America has awarded $442,738 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA RESEARCH FOUNDATION PURPOSE: RESEARCH GRANT | $69,680 |
MICHIGAN STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $193,898 |
THE PENNSYLVANIA STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $7,480 |
UNIVERSITY OF CONNECTICUT PURPOSE: RESEARCH GRANT | $171,680 |