Dairy One Cooperative Inc
- Assets
- $9.9m
- Revenue
- $26.9m
- Investments
- $76.7k
- Employees
- 321
- Location
- Ithaca, NY
- Founding
- 08/1951
- Data as of
- 12/2022
- EIN
- 15-0545333
Organization Overview
Dairy One Cooperative Inc is located in Ithaca, NY. The organization was established in 1951. 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 12/2022, Dairy One Cooperative Inc employed 321 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dairy One Cooperative 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 One Cooperative Inc generated $26.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $28.0m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND DELIVER DATA AND INFORMATION FOR MEMBERS OF THE AGRICULTURAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARM AND DAIRY HERD IMPROVEMENT ASSOCIATION (DHIA) SERVICES INCLUDING:- DAIRY HERD IMPROVEMENT RECORDS PROCESSING- SOFTWARE ON FARM TO COLLECT DATA SUCH AS CALVING, BREEDING, ETC.- COW SAMPLE COLLECTIONFORAGE LABORATORY SERVICES INCLUDING:- FORAGE ANALYSIS, WATER ANALYSIS, MANURE ANALYSIS, SOILS ANALYSISMILK LABORATORY SERVICES INCLUDING:- DAIRY ONE DHIA SAMPLES- CALIBRATION AND CONTROL SAMPLES FOR OTHER LABORATORIES- A RESOURCE FOR COMMERCIAL RESEARCH AND DEVELOPMENTS- RESPONSIBLE FOR A SUBSTANTIAL PORTION OF THE NORTHEASTERN STATES PRODUCER PAYMENT TESTING (TESTING OF RAW MILK)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Sheldon President | OfficerTrustee | 3 | $2,750 |
Allen Chester Vice President | OfficerTrustee | 3 | $2,250 |
Frank Orner Secretary | OfficerTrustee | 3 | $3,375 |
Glenn Kline Treasurer | OfficerTrustee | 3 | $3,375 |
George Andrew Board Member | Trustee | 3 | $2,750 |
Russell Beck Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aurora Milk Dairy Milk Sample Hauler | 12/30/22 | $1,051,025 |
Patrick Dunlap Milk Sample Hauler | 12/30/22 | $919,881 |
Dairy Farmers Of America Management Services | 12/30/22 | $743,102 |
Steve Wade Milk Sample Hauler | 12/30/22 | $565,465 |
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 | $26,929,603 |
| Investment income | $4,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,934,463 |
| 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. | $130,444 |
| Compensation of current officers, directors, key employees. | $130,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,840,038 |
| Pension plan accruals and contributions | $637,583 |
| Other employee benefits | $920,045 |
| Payroll taxes | $981,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,612 |
| Fees for services: Accounting | $70,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,394 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $739,958 |
| Travel | $1,715,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $964,817 |
| Insurance | $124,523 |
| All other expenses | $6,713,955 |
| Total functional expenses | $28,006,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,788 |
| Savings and temporary cash investments | $15,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,198,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $628,542 |
| Prepaid expenses and deferred charges | $480,492 |
| Net Land, buildings, and equipment | $3,573,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $76,729 |
| Investments—program-related | $0 |
| Intangible assets | $1,096,246 |
| Other assets | $1,269,065 |
| Total assets | $9,885,142 |
| Accounts payable and accrued expenses | $1,421,235 |
| Grants payable | $0 |
| Deferred revenue | $1,340,502 |
| 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 | $1,942,505 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,295,084 |
| Total liabilities | $6,999,326 |
| Net assets without donor restrictions | $2,885,816 |
| 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 | $9,885,142 |