Minnesota Milk Producers Association
- Assets
- $665.0k
- Revenue
- $500.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- 01/2007
- Data as of
- 09/2023
- EIN
- 41-1469481
Organization Overview
Minnesota Milk Producers Association is located in Green Bay, WI. The organization was established in 2007. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Milk Producers 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 09/2023, Minnesota Milk Producers Association generated $500.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $418.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE PUBLIC THE VIEWS AND OBJECTIVES OF WHOLESALE MILK OR PRODUCER PRICING AND/OR PERTAIN TO MILK PRODUCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND EVENTS - PROVIDING EDUCATIONAL EVENTS, RESEARCH AND GATHERING TO ENHANCE DAIRY FARMS.
LEGISLATIVE, JUDICIAL AND REGULATORY ADVOCACY - ADVOCATING ON BEHALF OF MN DAIRY FARMS.
MEMBERSHIP RECRUITMENT AND BENEFITS - PROVIDING MEMBERSHIP BENEFITS AND SCHOLARSHIPS TO MINNESOTA DAIRY FARMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Depestel President | OfficerTrustee | 8 | $8,500 |
Dave Buck Past President -Left During The Year | OfficerTrustee | 8 | $2,775 |
Garrett Luthens Vice President | OfficerTrustee | 4 | $3,950 |
Sadie Frericks Director | Trustee | 2 | $3,650 |
Rick Smith Treasurer | OfficerTrustee | 3 | $3,975 |
Aaron Vogt Director | Trustee | 2 | $3,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $116,500 |
| Fundraising events | $14,675 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,400 |
| Total Program Service Revenue | $335,758 |
| Investment income | $3,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,461 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $500,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,700 |
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,950 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $233,214 |
| Fees for services: Legal | $4,198 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $40,276 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,625 |
| Advertising and promotion | $0 |
| Office expenses | $7,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,595 |
| All other expenses | $6,488 |
| Total functional expenses | $418,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,536 |
| Savings and temporary cash investments | $325,215 |
| Pledges and grants receivable | $22,600 |
| Accounts receivable, net | $49,223 |
| 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 | $6,296 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,134 |
| Total assets | $665,004 |
| Accounts payable and accrued expenses | $63,427 |
| Grants payable | $15,000 |
| 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 | $78,427 |
| Net assets without donor restrictions | $586,577 |
| 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 | $665,004 |