Milk Industry Foundation
- Assets
- $0.0
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1947
- Data as of
- 12/2018
- EIN
- 53-0180650
Organization Overview
Milk Industry Foundation is located in Washington, DC. The organization was established in 1947. 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. Milk Industry Foundation 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 12/2018, Milk Industry Foundation generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THIS CORPORATION ARE:(1) TO DEVELOP AND PROMOTE INCREASED CONSUMPTION OF THE PRODUCTS OF THE MILK INDUSTRY;(2) TO COLLECT AND DISSEMINATE EDUCATIONAL AND OTHER MATERIALS FOR CREATING BETTER UNDERSTANDING OF THE FLUID MILK INDUSTRY AND ITS PRODUCTS;(3) TO ASSIST MEMBERS, PRODUCERS, AND OTHERS TO THE END THAT PRODUCTION AND DISTRIBUTION COSTS MAY BE LOWERED AND QUALITY OF PRODUCTS IMPROVED;(4) TO REPRESENT THE INTERESTS OF THE INDUSTRY IN ITS RELATIONS WITH THE GOVERNMENT AND THE PUBLIC(5) TO COLLECT, INTERPRET, AND DISSEMINATE SCIENTIFIC, STATISTICAL, ECONOMIC, AND OTHER INFORMATION ADJUDGED TO BE OF VALUE TO THE INDUSTRY;(6) TO COOPERATE WITH OTHER BRANCHES OF THE DAIRY INDUSTRY IN FURTHERANCE OF THE ADVANCEMENT OF THE INDUSTRY AS A WHOLE;(7) TO PROVIDE A FORUM FOR THE ANALYSIS AND LAWFUL DISCUSSION OF ISSUES THAT ARE OF INTEREST AND CONCERN TO THE INDUSTRY: AND,(8) TO DO ALL OTHER LAWFUL ACTS AND THINGS INCIDENTAL, NECESSARY, OR CONVENIENT TO ACCOMP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES INCLUDE KEEPING MEMBERS INFORMED OF INDUSTRY CHANGES AND CONCERNS; SPONSORING RESEARCH; AND COLLECTING AND DISSEMINATING EDUCATIONAL AND OTHER MATERIALS FOR CREATING A BETTER UNDERSTANDING OF THE FLUID MILK INDUSTRY AND ITS PRODUCTS; DEVELOPING AND PROMOTING INCREASED CONSUMPTION OF THE PRODUCTS OF THE MILK INDUSTRY; REPRESENTING THE INTERESTS OF THE INDUSTRY IN ITS RELATIONS WITH THE GOVERNMENT AND THE PUBLIC, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Bryant Chair | OfficerTrustee | 5 | $0 |
Ralph Scozzafava Vice Chair | OfficerTrustee | 5 | $0 |
Paul Corney Treasurer | OfficerTrustee | 5 | $0 |
Tim Walls Secretary | OfficerTrustee | 5 | $0 |
Andrei Mikhalevsky Executive Committee | Trustee | 1 | $0 |
Brad Cashaw Director | Trustee | 1 | $0 |
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 | $2,178,877 |
| 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 | $2,178,877 |
| 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 | $40,373 |
| Fees for services: Accounting | $15,375 |
| Fees for services: Lobbying | $62,576 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,881 |
| Advertising and promotion | $75 |
| Office expenses | $6,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,969 |
| All other expenses | $8,378 |
| Total functional expenses | $1,195,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |