Dairy Science Institute Inc
- Assets
- $22.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-1756847
Organization Overview
Dairy Science Institute Inc, operating under the name Dairy Research Institute, is located in Rosemont, IL. The organization was established in 2011. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Dairy Research Institute 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 12/2022, Dairy Research Institute generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $5.1m during the year ending 12/2022. 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
ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES RELATED TO ADVANCEMENTS IN DAIRY SCIENCE AND TO PROMOTE COOPERATION BETWEEN ENTITIES WITH SIMILAR GOALS & OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DRI SUSTAINABILITY PROGRAM IS COMMITTED TO SUPPORTING SCIENTIFIC RESEARCH AIMED AT UNDERSTANDING, MEASURING AND IMPROVING THE ENVIRONMENTAL IMPACT OF DAIRY OPERATIONS. SUSTAINABILITY RESEARCH FOCUSES ON GREENHOUSE GASES EMISSION REDUCTION OPPORTUNIITIES, LIFE CYCLE ASSESSMENTS, WATER USE EFFICIENCY AND WATER QUALITY, SUSTAINABILITY MEASUREMENT AND REPORTING, AND TECHNOLOGY TRANSFER AND KNOWLEDGE SHARING TO IMPROVE FARM ADVISOR ACCESS TO SCIENCE BASED TECHNICAL RESOURCES. IN 2021, WE LAUNCHED THE "DAIRY SOIL AND WATER REGENERATION" PROJECT, A RESEARCH COLLABORATION WITH DAIRY MANAGEMENT INC (DMI) AND EXTERNAL ORGANIZATIONS THAT SEEKS TO QUANTIFY HOW CERTAIN PRACTICES IMPROVE SOIL HEALTH, REDUCE GREENHOUSE GAS EMISSIONS, AND IMPROVE WATER QUALITY. ANOTHER INITIATIVE, "DAIRY SCALE FOR GOOD", ALSO WORKING WITH DMI AND EXTERNAL RESEARCH ORGANIZATIONS, ESTABLISHES PILOT FARMS ACROSS THE UNITED STATES TO TEST AND IMPLEMENT SUSTAINABLE TECHNOLOGIES AND PRACTICES WITHIN THE DAIRY INDUSTRY. "DAIRY SCALE FOR GOOD" EMPHASIZES EDUCATION, PROVIDING THE DAIRY INDUSTRY WITH PRACTICAL AND EFFICIENT SOLUTIONS TO ACHIEVE THEIR AMBITIOUS GOAL OF NET ZERO EMISSIONS BY 2050. THESE INITIATIVES SERVE THE PUBLIC INTEREST BY PROMOTING ENVIRONMENTAL SUSTAINABILITY AND COMBATING CLIMATE CHANGE AND PROTECTING WATER RESOURCES.
LISTERIA RESEARCH CONSORTIUM - THE GOAL OF THIS RESEARCH PROGRAM IS TO PREVENT FOODBORNE ILLNESS BY IDENTIFYING NEW TOOLS TO CONTROL LISTERIA IN DAIRY FOODS AND DAIRY MANUFACTURING FACILITIES. DRI LEADS A GROUP INCLUDING DAIRY COMPANIES AND THE NATIONAL DAIRY COUNCIL WHOSE EXPERTS IDENTIFY AND FUND LONGER TERM RESEARCH IN LISTERIA FUNDEMENTALS, ANTIMICROBIALS, MICROBIOME, AND ENVIRONMENTAL CONTROLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President, Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Cfo, Treasurer, Secretary, Director | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (term 12/22) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C-lock Inc Consulting | 12/30/22 | $301,445 |
Regents Of The University Of California Davis Research | 12/30/22 | $248,989 |
Texas A&m Agrilife Research Research | 12/30/22 | $234,585 |
Soil Health Institute Research | 12/30/22 | $1,109,946 |
University Of Wisconsin - Madison Research | 12/30/22 | $674,363 |
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 | $4,282,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,282,899 |
| Total Program Service Revenue | $0 |
| Investment income | $35,292 |
| 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 | $4,318,191 |
| 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 | $0 |
| Fees for services: Legal | $194,454 |
| 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 | $4,585,060 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,980 |
| Total functional expenses | $5,079,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,371,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,076,046 |
| 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 | $86,645 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,283,162 |
| Total assets | $22,817,697 |
| Accounts payable and accrued expenses | $1,183,665 |
| Grants payable | $0 |
| Deferred revenue | $1,102,933 |
| 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 | $45,677 |
| Total liabilities | $2,332,275 |
| Net assets without donor restrictions | $35,292 |
| Net assets with donor restrictions | $20,450,130 |
| 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 | $22,817,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dairy Science Institute Inc Rosemont, IL | $22,817,697 | $4,318,191 |
Illinois Nutrient Research And Education Council Springfield, IL | $3,413,947 | $3,331,496 |
Chicago Food Policy Advisory Council Nfp Chicago, IL | $1,425,590 | $1,779,619 |
Reap Food Group Inc Madison, WI | $800,313 | $1,143,194 |
Protect The Harvest Brownsburg, IN | $776,682 | $96,127 |
Grassworks Inc Hillsboro, WI | $198,816 | $345,814 |
Iowa Citizens For Community Improvement Action Fund Des Moines, IA | $1,174,350 | $359,355 |
High Arctic Institute Incorporated Orion, IL | $81,507 | $0 |
Illinois Agricultural Resource Council Inc Ottawa, IL | $39,329 | $0 |
North Central Iowa Research Association Kanawha, IA | $809,509 | $79,280 |
Muscatine Island Truck Growers Association Fruitland, IA | $433,319 | $19,639 |
Southern Soybean Research Program Inc Princeton, KY | $68,464 | $0 |
Northwest Iowa Experimental Farm Association Sutherland, IA | $2,553,960 | -$24,350 |