Minnesota Dairy Herd Improvement Association
- Assets
- $3.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 59
- Location
- Buffalo, MN
- Founding
- 04/1951
- Data as of
- 11/2023
- EIN
- 23-7410630
Organization Overview
Minnesota Dairy Herd Improvement Association is located in Buffalo, MN. 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 11/2023, Minnesota Dairy Herd Improvement Association employed 59 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Minnesota Dairy Herd Improvement Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 11/2023, Minnesota Dairy Herd Improvement Association generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.0m during the year ending 11/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MANAGEMENT/PRODUCTION INFORMATION TO DAIRY FARMERS, INDUSTRY GROUPS AND OTHER ORGANIZATIONS IN THE UNITED STATES ALLOWING FOR INCREASED PRODUCTIVITY AND EFFICIENCIES IN RUNNING THEIR OPERATIONS..
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND PRODUCTION INFORMATION IS PROVIDED TO DAIRY FARMERS, INDUSTRY GROUPS AND OTHER ORGANIZATIONS IN THE UNITED STATES ALLOWING FOR INCREASED PRODUCTIVITY AND EFFICIENCIES IN RUNNING THEIR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Dokkenbakken CEO | Officer | 40 | $140,080 |
Dave Scapanski President | OfficerTrustee | 1 | $0 |
Peter Seitzer Vice-President | OfficerTrustee | 1 | $0 |
Holly Thompson Secret/treas. | OfficerTrustee | 1 | $0 |
Mark Bechtold Director | Trustee | 1 | $0 |
Pete Kasper Director | Trustee | 1 | $0 |
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 | $3,635,438 |
| Investment income | $72,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $61,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,771,715 |
| 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. | $129,535 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,620,526 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $107,750 |
| Other employee benefits | $154,754 |
| Payroll taxes | $137,759 |
| Fees for services: Management | $14,365 |
| Fees for services: Legal | $10,001 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,474 |
| Advertising and promotion | $21,760 |
| Office expenses | $602,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,049 |
| Travel | $277,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $689 |
| Interest | $0 |
| Payments to affiliates | $32,255 |
| Depreciation, depletion, and amortization | $289,172 |
| Insurance | $67,149 |
| All other expenses | $26,244 |
| Total functional expenses | $4,008,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,388 |
| Savings and temporary cash investments | $1,729,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,461 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,756 |
| Prepaid expenses and deferred charges | $24,783 |
| Net Land, buildings, and equipment | $1,235,099 |
| Investments—publicly traded securities | $244,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,677,241 |
| Accounts payable and accrued expenses | $262,853 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $262,853 |
| Net assets without donor restrictions | $3,407,953 |
| Net assets with donor restrictions | $6,435 |
| 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 | $3,677,241 |