Kentucky Dairy Council Inc
- Assets
- $1.2m
- Revenue
- $787.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Danville, KY
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 32-0146039
Organization Overview
Kentucky Dairy Council Inc is located in Danville, KY. The organization was established in 2006. 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 12/2021, Kentucky Dairy Council Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Dairy Council 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, Kentucky Dairy Council Inc generated $787.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $788.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
ORGANIZATION OF DAIRY PRODUCERS AND ALLIED DAIRY INDUSTRY WITH THE GOAL OF INCREASING PRODUCER KNOWLEDGE OF THE DAIRY INDUSTRY AND THE DAIRY PRODUCER.TO DEVELOP A COMPREHENSIVE PLAN TO IMPROVE,PROMOTE AND ENHANCE THE PROFITABILITY OF KENTUCKY DAIRY FARMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ORGANIZATION WHOSE PURPOSE IS TO EDUCATE,PROMOTE,REPRESENT DAIRY PRODUCERS AND FOSTER AN ENVIRONMENT FOR GROWTH OF THE KENTUCKY DAIRY INDUSTRY.
AN ORGANIZATION WHOSE PURPOSE IS TO EDUCATE,PROMOTE,REPRESENT DAIRY PRODUCERS AND FOSTER AN ENVIRONMENT FOR GROWTH OF THE KENTUCKY DAIRY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hastings Secretary/tr | Officer | $0 | |
Dr Charles Townsend Vice Preside | Officer | $0 | |
Freeman Brundige President | Trustee | $0 | |
Tony Compton Director | Trustee | $0 | |
Tony Cowherd Board Member | Trustee | $0 | |
Greg Goode Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $730,957 |
| 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 | $730,957 |
| Total Program Service Revenue | $56,208 |
| Investment income | $770 |
| 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 | $787,935 |
| 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 | $64,236 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,947 |
| Payroll taxes | $25,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,567 |
| Office expenses | $8,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59,232 |
| 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 | $380 |
| Insurance | $5,923 |
| All other expenses | $141,451 |
| Total functional expenses | $787,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,151,597 |
| Accounts payable and accrued expenses | $122,198 |
| Grants payable | $0 |
| Deferred revenue | $424,598 |
| 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 | $546,796 |
| Net assets without donor restrictions | $604,801 |
| 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 | $1,151,597 |
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