Northeast Iowa Dairy & Agriculture Foundation
- Assets
- $1.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Calmar, IA
- Founding
- 09/1999
- Data as of
- 06/2022
- EIN
- 42-1489622
Organization Overview
Northeast Iowa Dairy & Agriculture Foundation is located in Calmar, IA. The organization was established in 1999. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Northeast Iowa Dairy & Agriculture Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Iowa Dairy & Agriculture Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Northeast Iowa Dairy & Agriculture Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL DAIRY FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY PURPOSE IS THE EDUCATION OF STUDENTS, FARMERS, MILK PROCESSORS, AND OTHERS IN TECHNOLOGIES TO ENHANCE THEIR DAIRY OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed Becker Board Member | Trustee | $0 | |
Wade Brunsman Vice Preside | OfficerTrustee | $0 | |
Dan Dietzenbach Board Member | Trustee | $0 | |
John Finley Board Member | Trustee | $0 | |
Jerome Fulsass Board Member | Trustee | $0 | |
Tim Huhe President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,213 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,629 |
| Noncash contributions included in lines 1a–1f | $42,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,842 |
| Total Program Service Revenue | $1,606,117 |
| Investment income | $150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $175 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,082,196 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $628 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $390,507 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,284 |
| Travel | $1,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,551 |
| Insurance | $27,554 |
| All other expenses | $389,443 |
| Total functional expenses | $2,310,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,674 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,441 |
| Accounts receivable, net | $93,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $223,485 |
| Prepaid expenses and deferred charges | $32,710 |
| Net Land, buildings, and equipment | $372,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,555 |
| Total assets | $1,188,104 |
| Accounts payable and accrued expenses | $425,520 |
| Grants payable | $0 |
| Deferred revenue | $5,500 |
| 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 | $183,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,302 |
| Total liabilities | $637,144 |
| Net assets without donor restrictions | $550,960 |
| 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 | $1,188,104 |