Global Dairy Platform Inc
- Assets
- $956.2k
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Rosemont, IL
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 90-0768957
Organization Overview
Global Dairy Platform Inc is located in Rosemont, IL. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Global Dairy Platform Inc 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 12/2023, Global Dairy Platform Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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 ALIGN AND SUPPORT THE INTERNATIONAL DAIRY INDUSTRY TO PROMOTE SUSTAINABLE DAIRY NUTRITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - FACILITATED COLLABORATIVE RESEARCH ON DAIRY'S NUTRIENT RICHNESS BY INVESTIGATING, DEVELOPING AND FUNDING RESEARCH PROGRAMS TO HELP NUTRITIONAL POLICY MAKERS BETTER UNDERSTAND THE ROLE THAT DAIRY NUTRIENTS PLAY IN A HEALTHY AND ACTIVE LIFESTYLE.
COMMUNICATIONS - WORKING COLLABORATIVELY ACROSS THE GLOBAL DAIRY SECTOR TO ENHANCE SHARING OF COMMON MESSAGING, PLATFORMS AND STRATEGIES, TO ADDRESS BOTH PROMOTIONAL AND REACTIVE NEEDS OF GLOBAL DAIRY PLATFORM'S MEMBERS.
SUSTAINABILITY - WORKED WITH THE GLOBAL DAIRY SECTOR TO MANAGE A 'DAIRY SUSTAINABILITY FRAMEWORK' THAT HELPS UNIFY THE APPROACH BEING TAKEN BY DAIRY ORGANIZATIONS TO THE BROAD CHALLENGES OF SUSTAINABILITY FROM ENVIRONMENTAL, SOCIAL AND ECONOMIC PERSPECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Deputy Chair | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (thru 4/23) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dairy Management Inc Program And Administrative Services | 12/30/23 | $865,290 |
Emerging Ag Inc U.n. Facilitation | 12/30/23 | $708,818 |
Massey University Research | 12/30/23 | $437,333 |
Dynamic Conferences & Events Ltd Event Management | 12/30/23 | $377,749 |
Lindsay Consulting Consulting | 12/30/23 | $286,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,945,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,945,613 |
| Total Program Service Revenue | $1,613,489 |
| Investment income | $47,203 |
| 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 | $4,606,305 |
| 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. | $667,918 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $412,432 |
| Pension plan accruals and contributions | $78,055 |
| Other employee benefits | $71,463 |
| Payroll taxes | $48,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,582 |
| Fees for services: Accounting | $89,592 |
| 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 | $54,916 |
| Information technology | $64,149 |
| Royalties | $0 |
| Occupancy | $73,420 |
| Travel | $69,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,893 |
| Insurance | $4,864 |
| All other expenses | $0 |
| Total functional expenses | $5,189,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $482,286 |
| Accounts receivable, net | $69,931 |
| 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 | $14,538 |
| Net Land, buildings, and equipment | $11,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $956,243 |
| Accounts payable and accrued expenses | $517,852 |
| Grants payable | $0 |
| Deferred revenue | $21,651 |
| 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 | $539,503 |
| Net assets without donor restrictions | $30,096 |
| Net assets with donor restrictions | $386,644 |
| 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 | $956,243 |