American Dairy Science Association
- Assets
- $19.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 13-1808371
Organization Overview
American Dairy Science Association is located in Champaign, IL. The organization was established in 1945. 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 an independent organization and not affiliated with a larger national or regional group of organizations. American Dairy Science Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Dairy Science Association generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN DAIRY SCIENCE ASSOCIATION PROVIDES LEADERSHIP IN SCIENTIFIC AND TECHNICAL SUPPORT TO GROW THE GLOBAL DAIRY INDUSTRY THROUGH GENERATION, DISSEMINATION, AND EXCHANGE OF INFORMATION AND SERVICES.
Describe the Organization's Program Activity:
JOURNAL OF DAIRY SCIENCE: MONTHLY PUBLICATION TO INFORM AND UPDATE MEMBERS REGARDING RESEARCH AND OTHER PERTINENT INFORMATION RELATED TO DAIRY SCIENCE.
PUBLICATION PROGRAM, AWARDS, & OTHER: PROVIDED CONTINUING EDUCATION OPPORTUNITIES FOR DAIRY INDUSTRY PROFESSIONALS THROUGH SHORT COURSES, TEXTBOOKS, FACT SHEET, ETC.
MEMBERSHIP SERVICES: PROVIDED MEMBERS WITH CURRENT DAIRY SCIENCE INFORMATION AND OPPORTUNITIES FOR NETWORKING AND COLLABORATION. PROMOTED RECOGNITION OF THOSE ENGAGED IN DAIRY SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kononoff Editor-In-Chief | OfficerTrustee | 1 | $18,000 |
Albert DE Vries Treasurer | OfficerTrustee | 1 | $7,500 |
Michael Miller Director | Trustee | 1 | $7,500 |
Laura Hernandez Director | Trustee | 1 | $6,000 |
Jerry Bowman Executive Director (beg 9/21) | OfficerTrustee | 40 | $0 |
Paul Kindstedt President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fass Inc Management Services | 12/30/21 | $1,528,713 |
Elsevier Publication Services | 12/30/21 | $527,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $75,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,694 |
| Total Program Service Revenue | $2,775,339 |
| Investment income | $237,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $928,740 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,182,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,634 |
| Compensation of current officers, directors, key employees. | $111,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $5,582 |
| Other employee benefits | $505 |
| Payroll taxes | $11,551 |
| Fees for services: Management | $30,247 |
| Fees for services: Legal | $1,136 |
| Fees for services: Accounting | $12,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,805 |
| Fees for services: Other | $26,355 |
| Advertising and promotion | $10,472 |
| Office expenses | $0 |
| Information technology | $392 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,330 |
| Insurance | $7,521 |
| All other expenses | $913,351 |
| Total functional expenses | $2,962,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,358 |
| Savings and temporary cash investments | $458,945 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,707 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $179,401 |
| Net Land, buildings, and equipment | $2,266 |
| Investments—publicly traded securities | $15,370,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,765 |
| Other assets | $2,259,404 |
| Total assets | $19,130,373 |
| Accounts payable and accrued expenses | $29,248 |
| Grants payable | $0 |
| Deferred revenue | $228,770 |
| 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 | $124,437 |
| Total liabilities | $382,455 |
| Net assets without donor restrictions | $18,747,053 |
| Net assets with donor restrictions | $865 |
| 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 | $19,130,373 |
Endowment Analysis
| Beg. Balance | $11,806,758 |
| Earnings | $2,091,810 |
| Admin Expense | $56,342 |
| Other Expense | $150,000 |
| Ending Balance | $13,692,226 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |