U S Dairy Export Council Inc
- Assets
- $16.6m
- Revenue
- $30.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 36-4039769
Organization Overview
U S Dairy Export Council Inc is located in Arlington, VA. The organization was established in 1997. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Dairy Export Council 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 12/2022, U S Dairy Export Council Inc generated $30.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $36.8m during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ANALYSIS AND COLLABORATION, ENHANCE DEMAND FOR US DAIRY PRODUCTS & INGREDIENTS BY SECURING ACCESS AND ASSISTING SUPPLIERS TO MEET MARKET NEEDS THAT FACILITATE SALES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKET DEVELOPMENT PROGRAMS - IMPLEMENT MARKETING PROGRAMS TO FACILITATE THE SALES OF U.S. PRODUCED DAIRY PRODUCTS AND U.S. PRODUCED DAIRY INGREDIENTS IN INTERNATIONAL MARKETS.
STRATEGY AND INSIGHTS - ACCELERATE STAKEHOLDER EFFORTS BY PROVIDING ACTIONABLE INSIGHTS AND INFORMATION TO DRIVE COMMERCIAL SALES.
INTERNATIONAL REPRESENTATION - IN ORDER TO ENHANCE AND SERVE A GROWING INTEREST IN EXPORTS BY THE U.S. DAIRY INDUSTRY, USDEC WILL PROVIDE REPRESENTATION IN KEY TARGET MARKETS, ASSISTING WITH MARKET INTELLIGENCE, LOCAL TRADE INTERACTION, PROMOTIONAL SUPPORT, AND MARKET ACCESS AND REGULATORY INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
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 | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (part Year) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Milk Producers Federation Research & Trd Services | 12/30/22 | $3,436,077 |
Agribusiness-connect Asia Pte Ltd Market & Product Development | 12/30/22 | $2,832,806 |
Amfi Investment Llc Trade Services | 12/30/22 | $2,647,347 |
Mexcam Mercadotecnia Sa De Cv Trade Services | 12/30/22 | $1,801,781 |
Dairy Management Inc Management Services | 12/30/22 | $8,006,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,221,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,327,008 |
| Total Program Service Revenue | $22,151,874 |
| Investment income | $0 |
| 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 | $30,849,382 |
| 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 | $6,332,955 |
| Pension plan accruals and contributions | $537,022 |
| Other employee benefits | $750,944 |
| Payroll taxes | $379,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,481 |
| Fees for services: Accounting | $277,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $376,754 |
| Information technology | $828,268 |
| Royalties | $0 |
| Occupancy | $704,736 |
| Travel | $1,474,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $438,064 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $435,042 |
| Insurance | $8,030 |
| All other expenses | $4,998,168 |
| Total functional expenses | $36,785,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,165,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,250,941 |
| 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 | $612,931 |
| Net Land, buildings, and equipment | $174,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,380,022 |
| Total assets | $16,584,358 |
| Accounts payable and accrued expenses | $5,631,650 |
| Grants payable | $0 |
| Deferred revenue | $208,100 |
| 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 | $5,793,649 |
| Total liabilities | $11,633,399 |
| Net assets without donor restrictions | $1,456,192 |
| Net assets with donor restrictions | $3,494,767 |
| 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 | $16,584,358 |