California Dairy Research Foundation
- Assets
- $2.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Davis, CA
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 68-0158417
Organization Overview
California Dairy Research Foundation is located in Davis, CA. The organization was established in 1993. As of 12/2023, California Dairy Research Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Dairy Research 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 12/2023, California Dairy Research Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, California Dairy Research Foundation has awarded 40 individual grants totaling $10,754,791. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOPE ACTIVITIES THAT BENEFIT CALIFORNIA'S DAIRY PRODUCERS, PROCESSORS AND CONSUMORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT RESEARCH PROJECTS FOR DEVELOPMENT OF NEW DAIRY PROCESSES AND PRODUCTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrin Monteiro Director | Trustee | 0 | $0 |
Jared Fernandes Vice Chairman | OfficerTrustee | 0 | $0 |
Chuck Ahlem Secretary | OfficerTrustee | 0 | $0 |
Gregory Miller Pdd Macn Director | Trustee | 0 | $0 |
Dante Migliazzo Treasurer | OfficerTrustee | 0 | $0 |
John Talbot Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $371,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,504,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,875,721 |
| Total Program Service Revenue | $0 |
| Investment income | $22,922 |
| 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 | $2,041,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,384,286 |
| 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. | $170,584 |
| Compensation of current officers, directors, key employees. | $51,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,768 |
| Pension plan accruals and contributions | $72,807 |
| Other employee benefits | $1,665 |
| Payroll taxes | $30,335 |
| Fees for services: Management | $52,081 |
| Fees for services: Legal | $1,502 |
| Fees for services: Accounting | $58,228 |
| 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 | $23,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,790 |
| Travel | $3,522 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,854 |
| Insurance | $7,454 |
| All other expenses | $90,221 |
| Total functional expenses | $2,184,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,718,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,633 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,663 |
| Investments—publicly traded securities | $523,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,057 |
| Total assets | $2,782,439 |
| Accounts payable and accrued expenses | $22,095 |
| Grants payable | $0 |
| Deferred revenue | $391,539 |
| 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 | $280,215 |
| Total liabilities | $693,849 |
| Net assets without donor restrictions | $2,088,590 |
| 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 | $2,782,439 |
Grants Awarded
Over the last fiscal year, California Dairy Research Foundation has awarded $982,546 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAL POLY CORPORATION PURPOSE: RESEARCH | $63,695 |
DAIRY CARES PURPOSE: RESEARCH | $215,000 |
REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: RESEARCH | $632,635 |
USDA ARS PURPOSE: RESEARCH | $30,608 |
WEST COAST ADVISORS PURPOSE: RESEARCH | $40,608 |