Minnesota Dairy Initiative
- Assets
- $202.2k
- Revenue
- $507.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Waconia, MN
- Founding
- 11/2018
- Data as of
- 06/2024
- EIN
- 82-3883293
Organization Overview
Minnesota Dairy Initiative is located in Waconia, MN. The organization was established in 2018. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2024, Minnesota Dairy Initiative employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Dairy Initiative 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 06/2024, Minnesota Dairy Initiative generated $507.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $552.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Minnesota Dairy Initiative has awarded 35 individual grants totaling $1,942,641. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MDI'S MISSION IS TO HELP EXISTING AND POTENTIAL DAIRY PRODUCERS SUCCEED THROUGH TEAM-BASED ON-FARM EDUCATION, RESOURCES AND NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COORDINATE A COMPREHENSIVE APPROACH TO THE DELIVERY OF ON-FARM SERVICES TO MINNESOTA'S DAIRY FARMERS. FUNDING IS PROVIDED TO SEVEN REGIONS ACROSS MINNESOTA TO PROMOTE OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Briard Director | Trustee | 1 | $0 |
Nathan Converse Director | Trustee | 1 | $0 |
Karen Johnson Director | Trustee | 1 | $0 |
Rita Vander Kooi Director | Trustee | 1 | $0 |
Alison Rickeman Director | Trustee | 1 | $0 |
Greg Sabolik Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $475,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,531 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $507,531 |
| 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 | $309,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,376 |
| Fees for services: Management | $10,150 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,777 |
| Office expenses | $1,109 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,140 |
| Travel | $58,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,543 |
| All other expenses | $0 |
| Total functional expenses | $552,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $202,212 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $202,212 |
| 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 | $202,212 |
Grants Awarded
Over the last fiscal year, Minnesota Dairy Initiative has awarded $215,547 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MDI SOUTHCENTRAL REGION PURPOSE: DAIRY EDUCATION | $32,461 |
MDI CENTRAL REGION PURPOSE: DAIRY EDUCATION | $64,983 |
MDI SOUTHWEST REGION PURPOSE: DAIRY EDUCATION | $21,423 |
MDI NORTHWEST REGION PURPOSE: DAIRY EDUCATION | $15,681 |
MDI SOUTHEAST REGION PURPOSE: DAIRY EDUCATION | $39,886 |
MDI WEST CENTRAL REGION PURPOSE: DAIRY EDUCATION | $27,363 |