Holstein Foundation Inc
- Assets
- $10.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Brattleboro, VT
- Founding
- 12/1989
- Data as of
- 12/2021
- EIN
- 22-2990672
Organization Overview
Holstein Foundation Inc is located in Brattleboro, VT. The organization was established in 1989. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holstein Foundation Inc 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, Holstein Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $88.3k during the year ending 12/2021. 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 PROMOTE AND SUPPORT PROGRAMS THAT EDUCATE & DEVELOP LEADERS FOR A VIBRANT DAIRY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOLSTEIN FOUNDATION (THE FOUNDATION) PROVIDES YOUTH PROGRAMS THAT ENHANCE DAIRY KNOWLEDGE, PROVIDE NETWORKING OPPORTUNITIES, TEACH TEAMWORK AND FOSTER DECISION-MAKING SKILLS. THE GOAL IS TO STRENGTHEN YOUNG ADULT LEADERS' SKILLS IN MEDIA RELATIONS, BOARD LEADERSHIP, AND THE PUBLIC POLICY PROCESS TO PREPARE THEM TO ADDRESS THE FULL RANGE OF ISSUES FACING RURAL AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Meyer Administrator | Officer | 1 | $0 |
Teresa K Thayer Treasurer | Officer | 1 | $0 |
Josh Hushon Chairman | Trustee | 1 | $0 |
Corey Geiger Trustee | Trustee | 1 | $0 |
Dr Chris Keim Trustee | Trustee | 1 | $0 |
Michele Ruby Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,362 |
| Total Program Service Revenue | $820 |
| Investment income | $1,385,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,697,892 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,114 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,935 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,241 |
| Information technology | $4,421 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $88,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,003 |
| Savings and temporary cash investments | $181,497 |
| Pledges and grants receivable | $44,517 |
| Accounts receivable, net | $0 |
| 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 | $15,723 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,906,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,268,612 |
| Accounts payable and accrued expenses | $4,216 |
| Grants payable | $0 |
| Deferred revenue | $29,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $41,652 |
| 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 | $0 |
| Total liabilities | $74,868 |
| Net assets without donor restrictions | $1,825,378 |
| Net assets with donor restrictions | $8,368,366 |
| 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 | $10,268,612 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Holstein Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Chs Foundation Inver Grove Heights, MN PURPOSE: YOUNG DAIRY LEADERS INSTITUTE CLASS 12 | $10,000 |
Northeast Agricultural Education Foundation Inc Syracuse, NY PURPOSE: PROGRAM SUPPORT | $5,000 |
Land O L Foundation St Paul, MN PURPOSE: MID-ATLANTIC REGIONS GRANTS | $5,000 |
Endowment Analysis
| Beg. Balance | $8,776,857 |
| Earnings | $1,139,311 |
| Admin Expense | $30,936 |
| Net Contributions | $20,700 |
| Other Expense | $9,417 |
| Ending Balance | $9,896,515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farms For City Kids Foundation Inc Port Washington, NY | $13,292,500 | $3,299,367 |
The Farm School Inc Athol, MA | $2,963,287 | $1,946,125 |
New York State Future Farmers Leadership Trng Foundation Inc Croghan, NY | $5,663,495 | $1,226,408 |
Worcester County 4-H Center Inc Spencer, MA | $1,155,680 | $820,745 |
Massachusetts 4-H Foundation Inc Framingham, MA | $9,229,390 | $486,895 |
Turn Back Time Paxton, MA | $410,646 | $382,499 |
Kistner Foundation Inc Ashfield, MA | $2,209,686 | $2,192,968 |
Phillies Bridge Farm Project Inc New Paltz, NY | $779,163 | $400,929 |
Essex County 4-H Club Camp Inc Rowley, MA | $1,087,174 | $371,942 |
Sustainable Cape-Center For Agricultural Preservation & Educat Truro, MA | $380,668 | $374,248 |
Future Farmers Of America And Its State Associations & Local Chapter Ithaca, NY | $19,898 | $156,372 |
Seeds Of Solidarity Education Center Inc Orange, MA | $391,938 | $0 |