Goodhue County Dairy Herd Improvement Association
- Assets
- $7.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Zumbrota, MN
- Founding
- 04/1955
- Data as of
- 12/2020
- EIN
- 41-0701918
Organization Overview
Goodhue County Dairy Herd Improvement Association is located in Zumbrota, MN. The organization was established in 1955. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Goodhue County Dairy Herd Improvement Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2020, Goodhue County Dairy Herd Improvement Association generated $92.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $122.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
CHARGE FOR MILK INSPECTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny Veiseth President | 2 | $0 | |
Joel Rostad Director | 2 | $0 | |
John Irrthum Director | 2 | $0 | |
Brian Clemenson Director | 2 | $0 | |
Curt Ronningen Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $92,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $150 |
| Total Revenue | $92,150 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,498 |
| Professional fees and other payments to independent contractors | $590 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,108 |
| Total expenses | $122,196 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,901 |
| Other assets | $0 |
| Total assets | $7,901 |
| Total liabilities | $33 |
| Net assets or fund balances | $7,868 |