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Nonprofiteer
← HOLSTEIN FOUNDATION INC

Form 990 for tax year 2023

Filed by HOLSTEIN FOUNDATION INC.

Totals

Total revenue
$674,143
Total expenses
$202,925
Contributions and grants received
$155,950
Grants paid
$0
Program service revenue
$15,845
Investment income
$502,348
Other revenue
$0
Total assets, end of year
$9,892,474
Total liabilities, end of year
$88,474
Net assets or fund balances, end of year
$9,804,000
Program services expenses (Part IX)
$126,830
Management and general expenses
$67,810
Fundraising expenses
$8,285
Program service expenses (Part III)
$126,830

Program services were 62.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $100

  • 1f · All other contributions, gifts and grants

    $155,850

  • 2a · Program service revenue: YOUTH PROGRAMS FEES

    total $15,845 · related or exempt $15,845

  • 3 · Investment income

    total $496,327 · excluded $496,327

  • 7a · Gross sales of assets other than inventory

    securities $737,685

  • 7b · Less cost or other basis and sales expenses

    securities $731,664

  • 7c · Gain or loss

    securities $6,021

  • 7d · Net gain or loss

    total $6,021 · excluded $6,021

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $52,504 · program services $28,841 · management and general $18,018 · fundraising $5,645

  • 11c · Fees: accounting

    total $10,500 · management and general $10,500

  • 11f · Fees: investment management

    total $29,129 · management and general $29,129

  • 13 · Office expenses

    total $14,859 · program services $7,625 · management and general $6,022 · fundraising $1,212

  • 14 · Information technology

    total $1,428 · fundraising $1,428

  • 17 · Travel

    total $4,141 · management and general $4,141

  • 19 · Conferences, conventions and meetings

    total $90,364 · program services $90,364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,770 · end of year $143,995

  • 2 · Savings and temporary cash investments

    beginning of year $156,646 · end of year $160,343

  • 3 · Pledges and grants receivable

    beginning of year $17,812 · end of year $34,317

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,797 · end of year $8,989

  • 11 · Investments: publicly traded securities

    beginning of year $8,424,345 · end of year $9,544,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,532 · end of year $12,413

  • 19 · Deferred revenue

    beginning of year $14,500 · end of year $39,500

  • 21 · Escrow or custodial account liability

    beginning of year $32,181 · end of year $36,561

  • 27 · Net assets without donor restrictions

    beginning of year $1,545,644 · end of year $1,728,202

  • 28 · Net assets with donor restrictions

    beginning of year $7,119,513 · end of year $8,075,798

Mission and programs · 2023

Mission

THE HOLSTEIN FOUNDATION EDUCATES AND DEVELOPS FUTURE LEADERS FOR A VIBRANT DAIRY COMMUNITY.

Activities or mission (Part I)

TO PROMOTE AND SUPPORT PROGRAMS THAT EDUCATE & DEVELOP LEADERS FOR A VIBRANT DAIRY COMMUNITY.

  • THE HOLSTEIN FOUNDATION (THE FOUNDATION) PROVIDES YOUTH PROGRAMS THAT ENHANCE DAIRY KNOWLEDGE, PROVIDE NETWORKING OPPORTUNITIES, TEACH TEAMWORK AND FOSTER DECISION-MAKING SKILLS. THE GOAL IS TO STRENGTHEN YOUNG ADULT LEADERS' SKILLS IN MEDIA RELATIONS, BOARD LEADERSHIP, AND THE PUBLIC POLICY PROCESS TO PREPARE THEM TO ADDRESS THE FULL RANGE OF ISSUES FACING RURAL AMERICA.

    Expenses $126,830 · Revenue $15,845

As filed on the 2023 return.

Listed in Part VII

  • Jonathan Lamb

    TRUSTEE

    Total calculated
    $12,150
    From this org
    $0
    From related orgs
    $12,150
    Other
    $0
    Hours/week
    1

  • Dr Chris Keim

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michele Ruby

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dieter Krieg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dave Fischer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matt Iager DVM

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Burket

    TRUSTEE

    Total calculated
    $9,900
    From this org
    $0
    From related orgs
    $9,900
    Other
    $0
    Hours/week
    1

  • Nate Janssen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Perotti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nick Randal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Meyer

    ADMINISTRATOR

    Total calculated
    $393,989
    From this org
    $0
    From related orgs
    $354,210
    Other
    $39,779
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,210 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,779 related
    Filer's total
    $0 + $393,989 related

  • Teresa K Thayer

    TREASURER

    Total calculated
    $136,819
    From this org
    $0
    From related orgs
    $107,130
    Other
    $29,689
    Hours/week
    1 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 October 2024
IRS schema version
2023v5.1
Source object
202402819349301425

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