Dairy Management Inc
- Assets
- $14.5m
- Revenue
- $154.4m
- Investments
- $0.0
- Employees
- 306
- Location
- Rosemont, IL
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 36-3992031
Organization Overview
Dairy Management Inc is located in Rosemont, IL. The organization was established in 1995. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Dairy Management Inc employed 306 individuals. This organization is the central organization for a national or regional group of organizations. Dairy Management Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Dairy Management Inc generated $154.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $154.4m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST DAIRY PRODUCER CHECKOFF FUNDS IN STRATEGIC, COORDINATED MARKETING PROGRAMS DESIGNATED TO INCREASE CONSUMPTION OF DAIRY PRODUCTS BOTH DOMESTICALLY AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
SEE SCHEDULE O.
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gallagher Thomas P CEO Thru 11/21 | Officer | 40 | $1,362,105 |
O'brien Barbara CEO | Officer | 40 | $740,752 |
Miller Gregory D Executive Vice President | 40 | $509,934 | |
Engelmann Elizabeth A Executive Vice President | 40 | $484,082 | |
Laverne Harden Krysta Executive Vice President | 40 | $481,371 | |
Baily Quinton CFO | Officer | 30 | $406,707 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mischief Inc Agency Services | 12/30/21 | $6,198,729 |
Nfl Properties Llc Promotion | 12/30/21 | $6,637,500 |
Dominos Pizza Promotion | 12/30/21 | $3,600,000 |
Daniel J Edelman Inc Agency Services | 12/30/21 | $5,003,482 |
Lake States Dairy Center Promotion | 12/30/21 | $2,548,000 |
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 | $154,349,509 |
| Investment income | $1,510 |
| 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 | $154,351,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,480,000 |
| 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. | $3,956,460 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,619,120 |
| Pension plan accruals and contributions | $2,470,355 |
| Other employee benefits | $2,459,459 |
| Payroll taxes | $1,647,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $492,673 |
| Fees for services: Accounting | $76,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $388,410 |
| Advertising and promotion | $0 |
| Office expenses | $1,379,689 |
| Information technology | $2,688,897 |
| Royalties | $0 |
| Occupancy | $2,040,001 |
| Travel | $830,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $481,298 |
| Interest | $1,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $521,151 |
| Insurance | $157,956 |
| All other expenses | $0 |
| Total functional expenses | $154,351,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $975,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $676,425 |
| 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 | $821,147 |
| Net Land, buildings, and equipment | $1,402,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,600,186 |
| Total assets | $14,475,485 |
| Accounts payable and accrued expenses | $12,761,449 |
| 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 | $1,714,036 |
| Total liabilities | $14,475,485 |
| Net assets without donor restrictions | $0 |
| 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 | $14,475,485 |
Grants Awarded
Over the last fiscal year, Dairy Management Inc has awarded $1,620,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rosemont, IL PURPOSE: Program service expenses | $1,505,000 |
Rosemont, IL PURPOSE: RESEARCH PROGRAMS | $115,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dairy Management Inc has recieved totaling $34,444.
| Awarding Organization | Amount |
|---|---|
California Dairy Research Foundation Davis, CA PURPOSE: RESEARCH | $34,444 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dairy Management Inc Rosemont, IL | $14,475,485 | $154,351,019 |
Foodservice Consultants Society International Louisville, KY | $69,399 | $59,254 |
Kentucky Pest Control Educational Fund Lexington, KY | $39,322 | $0 |
Purchase Farm Analysis Group Inc Mayfield, KY | $63,120 | $0 |
Illinois Farmers Market Association Nfp North Aurora, IL | $15,471 | $0 |
Shelby County Agricultural Development Foundation Inc Shelbyville, KY | $3,961 | $0 |