Dairy One Cooperative Inc
- Assets
- $10.2m
- Revenue
- $25.7m
- Investments
- $71.5k
- Employees
- 385
- Location
- Ithaca, NY
- Founding
- 08/1951
- Data as of
- 12/2021
- EIN
- 15-0545333
Organization Overview
Dairy One Cooperative Inc is located in Ithaca, NY. The organization was established in 1951. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Dairy One Cooperative Inc employed 385 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dairy One Cooperative Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Dairy One Cooperative Inc generated $25.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $25.5m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND DELIVER DATA AND INFORMATION FOR MEMBERS OF THE AGRICULTURAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARM AND DAIRY HERD IMPROVEMENT ASSOCIATION (DHIA) SERVICES INCLUDING:- DAIRY HERD IMPROVEMENT RECORDS PROCESSING- SOFTWARE ON FARM TO COLLECT DATA SUCH AS CALVING, BREEDING, ETC.- COW SAMPLE COLLECTION
FORAGE LABORATORY SERVICES INCLUDING:- FORAGE ANALYSIS- WATER ANALYSIS- MANURE ANALYSIS- SOILS ANALYSIS
MILK LABORATORY SERVICES INCLUDING:- DAIRY ONE DHIA SAMPLES- CALIBRATION AND CONTROL SAMPLES FOR OTHER LABORATORIES- A RESOURCE FOR COMMERCIAL RESEARCH AND DEVELOPMENTS- RESPONSIBLE FOR A SUBSTANTIAL PORTION OF THE NORTHEASTERN STATES PRODUCER PAYMENT TESTING (TESTING OF RAW MILK)
TRANSPORTATION, DAIRY MANAGEMENT TECHNOLOGY AND OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valarie Patten Board Member | Trustee | 3 | $3,500 |
Allen Chester Vice President | OfficerTrustee | 3 | $3,100 |
Daniel Sheldon President | OfficerTrustee | 3 | $3,000 |
George Andrew Board Member | Trustee | 3 | $3,000 |
Frank Orner Secretary | OfficerTrustee | 3 | $2,750 |
William Itle Board Member | Trustee | 3 | $2,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patrick Dunlap Milk Sample Hauler | 12/30/21 | $828,293 |
Aurora Milk Dairy Milk Sample Hauler | 12/30/21 | $933,778 |
Dairy Farmers Of America Management Services | 12/30/21 | $942,135 |
Steve Wade Milk Sample Hauler | 12/30/21 | $535,912 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,597,474 |
| Investment income | $25,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,724,887 |
| 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. | $30,350 |
| Compensation of current officers, directors, key employees. | $30,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,939,154 |
| Pension plan accruals and contributions | $579,607 |
| Other employee benefits | $860,658 |
| Payroll taxes | $807,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,516 |
| Fees for services: Accounting | $64,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $845,198 |
| Advertising and promotion | $42,781 |
| Office expenses | $2,298,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $610,519 |
| Travel | $1,593,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $179,401 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $672,516 |
| Insurance | $139,320 |
| All other expenses | $474,733 |
| Total functional expenses | $25,453,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,453 |
| Savings and temporary cash investments | $16,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,652,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $638,033 |
| Prepaid expenses and deferred charges | $472,033 |
| Net Land, buildings, and equipment | $4,547,104 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $71,549 |
| Investments—program-related | $0 |
| Intangible assets | $1,228,174 |
| Other assets | $0 |
| Total assets | $10,249,154 |
| Accounts payable and accrued expenses | $1,102,618 |
| Grants payable | $0 |
| Deferred revenue | $2,319,206 |
| 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 | $2,561,867 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $307,496 |
| Total liabilities | $6,291,187 |
| Net assets without donor restrictions | $3,957,967 |
| 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 | $10,249,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Electrical Industry Labor Management Cooperation Tr Dorchester, MA | $23,732,752 | $56,768,144 |
Dairy One Cooperative Inc Ithaca, NY | $10,249,154 | $25,724,887 |
Holstein Friesian Association Of America Brattleboro, VT | $42,888,096 | $20,454,102 |
Hambletonian Society The Cranbury, NJ | $5,608,418 | $11,854,034 |
The William H Miner Agricultural Research Institute Chazy, NY | $25,150,167 | $10,410,462 |
Grace Communications Foundation Inc New York, NY | $9,222,389 | $7,837,107 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
New Haven Ecology Project Inc New Haven, CT | $13,646,916 | $6,735,090 |
Attleboro Corporate Center Association Inc Attleboro, MA | $92,995 | $6,024,289 |
United Food And Commercial Workers International Union Dedham, MA | $6,169,904 | $6,230,011 |
Essex Agricultural Society Topsfield, MA | $13,692,899 | $6,659,006 |
Pennsylvania Certified Organic Spring Mills, PA | $1,487,363 | $4,239,851 |