Dairy Science Institute Inc
- Assets
- $22.9m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-1756847
Organization Overview
Dairy Science Institute Inc, operating under the name Dairy Research Institute, is located in Rosemont, IL. The organization was established in 2011. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dairy Research Institute 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 12/2021, Dairy Research Institute generated $24.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.3% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 40.4% 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
ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES RELATED TO ADVANCEMENTS IN DAIRY SCIENCE AND TO PROMOTE COOPERATION BETWEEN ENTITIES WITH SIMILAR GOALS & OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LISTERIA RESEARCH CONSORTIUM - THE GOAL OF THIS RESEARCH PROGRAM IS TO PREVENT FOODBORNE ILLNESS BY IDENTIFYING NEW TOOLS TO CONTROL LISTERIA IN DAIRY FOODS AND DAIRY MANUFACTURING FACILITIES. DRI LEADS A GROUP INCLUDING DAIRY COMPANIES AND THE NATIONAL DAIRY COUNCIL WHOSE EXPERTS IDENTIFY AND FUND LONGER TERM RESEARCH IN LISTERIA FUNDEMENTALS, ANTIMICROBIALS, MICROBIOME, AND ENVIRONMENTAL CONTROLS.
U.S. WHEY CONSORTIUM - THE WHEY PROTEIN RESEARCH CONSORTIUM IS AN INTERNATIONAL PARTNERSHIP OF DAIRY COOPERATIVES, ASSOCIATIONS, PROCESSORS AND MULTINATIONAL COMPANIES WORKING TOGETHER TO GROW THE MARKET FOR WHEY PROTEIN. OUR MISSION IS TO CREATE INCREMENTAL GLOBAL USAGE OF WHEY PROTEINS THROUGH THE DEVELOPMENT AND DOCUMENTATION OF WHEY PROTEIN'S HEALTH AND WELLNESS BENEFITS.
SUSTAINABILITY - THIS PROGRAM AREA SUPPORTS SCIENCE THROUGH INTENSIVE RESEARCH NEEDED TO MEASURE DAIRY'S ENVIRONMENTAL IMPACT AND REDUCE GREENHOUSE GAS EMISSIONS TO DRIVE CONSUMER DEMAND FOR PRODUCTS THAT ARE BOTH GOOD FOR YOUR HEALTH AND THE ENVIRONMENT. SUSTAINABILITY RESEARCH FOCUSES ON GREENHOUSE GAS REDUCTION OPPORTUNITIES AND LIFE CYCLE ASSESSMENTS AS WELL AS THE DEVELOPMENT OF SUSTAINABILITY MEASUREMENT AND REPORTING FRAMEWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Hershey Vice Chair | OfficerTrustee | 1 | $0 |
Barbara O'brien Chair | OfficerTrustee | 1 | $0 |
Quinton Baily Secretary/treasurer/cfo | Officer | 1 | $0 |
Thomas P Gallagher Chair Thru 11/21 | Trustee | 1 | $0 |
Steve Maddox Director | Trustee | 1 | $0 |
Neil Hoff Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dairy Management Inc Consulting Services | 12/30/21 | $165,783 |
Us Agricultural Research Research | 12/30/21 | $161,752 |
Newtrient Llc Research | 12/30/21 | $177,290 |
Soil Health Institute Research | 12/30/21 | $1,380,486 |
Cornell University Research | 12/30/21 | $328,792 |
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 | $24,911,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,911,237 |
| 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 | $24,911,237 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $551,707 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,845,252 |
| Advertising and promotion | $0 |
| Office expenses | $609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $300 |
| Total functional expenses | $4,006,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,852,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,478,186 |
| 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 | $110,975 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $468,368 |
| Total assets | $22,910,227 |
| Accounts payable and accrued expenses | $718,875 |
| Grants payable | $0 |
| Deferred revenue | $944,347 |
| 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 | $1,663,222 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $21,247,005 |
| 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 | $22,910,227 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dairy Science Institute Inc has recieved totaling $10,000,000.
| Awarding Organization | Amount |
|---|---|
Foundation For Food And Agriculture Research Washington, DC PURPOSE: RESEARCH | $10,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illinois Nutrient Research And Education Council Springfield, IL | $3,038,891 | $3,506,512 |
Dairy Science Institute Inc Rosemont, IL | $22,910,227 | $24,911,237 |
Chicago Food Policy Advisory Council Nfp Chicago, IL | $1,547,669 | $2,876,352 |
Reap Food Group Inc Madison, WI | $499,426 | $733,413 |
Iowa Citizens For Community Improvement Action Fund Des Moines, IA | $868,282 | $491,082 |
Protect The Harvest Brownsburg, IN | $214,870 | $378,259 |
Grassworks Inc West Bend, WI | $63,784 | $0 |
High Arctic Institute Incorporated Orion, IL | $87,997 | $0 |
Illinois Agricultural Resource Council Inc Ottawa, IL | $21,701 | $0 |
Muscatine Island Truck Growers Association Fruitland, IA | $433,319 | $19,639 |
Southern Soybean Research Program Inc Princeton, KY | $68,464 | $0 |
Northwest Iowa Experimental Farm Association Sutherland, IA | $2,579,197 | $29,587 |