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← AMERICAN DAIRY ASSOCIATION OF THE MIDWEST

Form 990 for tax year 2024

Filed by AMERICAN DAIRY ASSOCIATION OF THE MIDWEST.

Totals

Total revenue
$2,481,280
Total expenses
$1,973,189
Contributions and grants received
$0
Grants paid
$44,590
Program service revenue
$2,211,644
Investment income
$196,536
Other revenue
$73,100
Total assets, end of year
$5,015,132
Total liabilities, end of year
$46,881
Net assets or fund balances, end of year
$4,968,251
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: STATE FAIR SALES

    total $1,876,057 · related or exempt $1,876,057

  • 2b · Program service revenue: SPONSORSHIPS

    total $241,000 · related or exempt $241,000

  • 2c · Program service revenue: MALT WAGON SALES

    total $69,250 · related or exempt $69,250

  • 2d · Program service revenue: SIOUX EMPIRE FAIR

    total $25,337 · related or exempt $25,337

  • 3 · Investment income

    total $196,536 · excluded $196,536

  • 6a · Gross rents

    real property $212,988

  • 6b · Less rental expenses

    real property $139,888

  • 6c · Rental income or loss

    real property $73,100

  • 6d · Net rental income or loss

    total $73,100 · related or exempt $73,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,590

  • 5 · Compensation of officers, directors and key employees

    total $650

  • 11b · Fees: legal

    total $1,122

  • 11c · Fees: accounting

    total $14,375

  • 11g · Fees: other

    total $44,785

  • 16 · Occupancy

    total $300,793

  • 17 · Travel

    total $30,547

  • 19 · Conferences, conventions and meetings

    total -$2,720

  • 22 · Depreciation, depletion and amortization

    total $59,255

  • 23 · Insurance

    total $45,836

  • 24a · Other expenses: CONTRACTED SERVICES AND S

    total $804,679

  • 24b · Other expenses: PRODUCT COSTS

    total $404,100

  • 24c · Other expenses: REPAIRS, MAINTENANCE AND

    total $149,980

  • 24d · Other expenses: MEMBERSHIP DUES

    total $44,590

  • 24e · All other expenses

    total $30,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,011 · end of year $104,031

  • 2 · Savings and temporary cash investments

    beginning of year $3,929,712 · end of year $4,473,978

  • 4 · Accounts receivable

    beginning of year $3,092 · end of year $22,590

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,096 · end of year $40,765

  • 10a · Land, buildings and equipment: cost or other basis

    $3,831,872

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,514,482

  • 10c · Land, buildings and equipment, net

    beginning of year $337,781 · end of year $317,390

  • 15 · Other assets

    beginning of year $54,410 · end of year $56,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,309 · end of year $30,097

  • 19 · Deferred revenue

    beginning of year $16,633 · end of year $16,784

  • 27 · Net assets without donor restrictions

    beginning of year $1,828,765 · end of year $1,573,445

  • 28 · Net assets with donor restrictions

    beginning of year $2,631,395 · end of year $3,394,806

Mission and programs · 2024

Mission

TO HOLD AND MANAGE ASSETS TO PROMOTE THE DAIRY INDUSTRY THROUGHOUT THE UPPER MIDWEST REGION

  • TO HOLD AND MANAGE ASSETS TO PROMOTE THE DAIRY INDUSTRY THROUGHOUT THE UPPER MIDWEST REGION.

As filed on the 2024 return.

Listed in Part VII

  • COREY SCOTT

    CEO STARTED

    Total calculated
    $200,769
    From this org
    $0
    From related orgs
    $188,896
    Other
    $11,873
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $182,769 related
    Bonus
    not reported
    Other
    not reported + $6,127 related
    Deferred
    not reported + $10,523 related
    Nontaxable benefits
    not reported + $1,350 related
    Filer's total
    not reported + $200,769 related

  • RITA YOUNG

    DIRECTOR

    Total calculated
    $5,980
    From this org
    $0
    From related orgs
    $5,980
    Other
    $0
    Hours/week
    0.1 + 4.5 related

  • LILAH KREBS

    BOARD SECRET

    Total calculated
    $5,200
    From this org
    $100
    From related orgs
    $5,100
    Other
    $0
    Hours/week
    0.1 + 4 related

  • KAREN KASPER

    DIRECTOR

    Total calculated
    $4,130
    From this org
    $100
    From related orgs
    $4,030
    Other
    $0
    Hours/week
    0.1 + 4 related

  • MARK FELLWOCK

    BOARD CHAIR

    Total calculated
    $3,045
    From this org
    $50
    From related orgs
    $2,995
    Other
    $0
    Hours/week
    0.1 + 4 related

  • PAM BOLIN

    BOARD TREASU

    Total calculated
    $2,999
    From this org
    $100
    From related orgs
    $2,899
    Other
    $0
    Hours/week
    0.1 + 4 related

  • ORVILLE MILLER

    DIRECTOR

    Total calculated
    $2,295
    From this org
    $0
    From related orgs
    $2,295
    Other
    $0
    Hours/week
    0.1 + 4 related

  • JOGCHUM ANDRINGA

    DIRECTOR

    Total calculated
    $1,370
    From this org
    $50
    From related orgs
    $1,320
    Other
    $0
    Hours/week
    0.1 + 4 related

  • GLEN MEIER

    DIRECTOR

    Total calculated
    $150
    From this org
    $150
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • LARRY SCHUSTER

    DIRECTOR

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • JODI CAST

    BOARD VICE C

    Total calculated
    $0
    Hours/week
    0.1

  • COLE HOYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • PATRICK JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
EXPLANATION OF HOW THE ORGANIZATION ESTABLISHES COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR IS DISCLOSED ON THE RELATED PARTY MIDWEST DAIRY ASSOCIATION FY24 990.

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

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
2024
Filed
15 May 2025
IRS schema version
2024v5.0
Source object
202521339349303717

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