Midwest Dairy Association
- Assets
- $7.8m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 73
- Location
- Saint Paul, MN
- Founding
- 10/1952
- Data as of
- 12/2022
- EIN
- 41-0433125
Organization Overview
Midwest Dairy Association is located in Saint Paul, MN. The organization was established in 1952. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Midwest Dairy Association employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Dairy Association 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, Midwest Dairy Association generated $24.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $24.8m during the year ending 12/2022. While expenses have increased by 1.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MIDWEST DAIRY WORKS WITH OTHERS TO GIVE CONSUMERS AN EXCELLENT DAIRY EXPERIENCE INCREASING SALES, FOSTERING INNOVATION, AND INSPIRING CONSUMER CONFIDENCE OF DAIRY PRODUCTS AND PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASING DAIRY SALES, GROWING TRUST IN DAIRY, ADVANCING RESEARCH IN DAIRY, CREATING DAIRY CHECKOFF ADVOCATES, DEVELOPING FARM & COMMUNITY LEADERS FOR DAIRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Pelzer Chief Exec. | Officer | 65 | $248,441 |
Brenda Goldman Chief Admin. | Officer | 60 | $165,223 |
Trudy Wastweet Chief Oper. | Officer | 60 | $160,932 |
Wendy Meck VP Accountin | 55 | $139,577 | |
Jay Edenborg VP Corp. Com | 50 | $139,647 | |
Melissa Young VP Business | 50 | $130,547 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paramount Promotions Llc Marketing Services | 12/30/19 | $229,986 |
Avtex Solutions Llc Communications | 12/30/19 | $137,985 |
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 | $24,203,527 |
| Investment income | $43,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,870,938 |
| 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. | $840,596 |
| Compensation of current officers, directors, key employees. | $158,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,781,057 |
| Pension plan accruals and contributions | $375,879 |
| Other employee benefits | $673,313 |
| Payroll taxes | $463,341 |
| Fees for services: Management | $218,517 |
| Fees for services: Legal | $14,257 |
| Fees for services: Accounting | $31,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,938 |
| Advertising and promotion | $0 |
| Office expenses | $335,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $253,108 |
| Travel | $310,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $672,902 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,321 |
| Insurance | $30,502 |
| All other expenses | $0 |
| Total functional expenses | $24,836,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153 |
| Savings and temporary cash investments | $7,113,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,133 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $169,256 |
| Prepaid expenses and deferred charges | $343,142 |
| Net Land, buildings, and equipment | $94,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,050 |
| Total assets | $7,846,581 |
| Accounts payable and accrued expenses | $1,799,693 |
| 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 | $1,799,693 |
| Net assets without donor restrictions | $6,046,888 |
| 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 | $7,846,581 |