Virginia State Dairymens Assoc
- Assets
- $1.4m
- Revenue
- $501.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, VA
- Founding
- 11/1954
- Data as of
- 12/2023
- EIN
- 54-0574271
Organization Overview
Virginia State Dairymens Assoc is located in Bridgewater, VA. The organization was established in 1954. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, 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. Virginia State Dairymens Assoc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Virginia State Dairymens Assoc generated $501.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $336.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Virginia State Dairymens Assoc has awarded 12 individual grants totaling $279,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT AND PROMOTE THE DAIRY INDUSTRY IN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY PROMOTED THE DAIRY INDUSTRY AND REPRESENTED DAIRY FARMERS THROUGHOUT VIRGINIA BY HIGHLIGHTING THE HEALTH BENEFITS AND VARIED USES OF DAIRY PRODUCTS; CONTRIBUTED TO THE EDUCATION OF FUTURE DAIRY FARMERS BY SUPPORTING A RELATED FOUNDATION AND FUNDING SCHOLARSHIPS; AND PROVIDED INFORMATION ABOUT CONSERVATION PRACTICES AND OTHER MATTERS AFFECTING DAIRY FARMERS AND PRODUCTION.
PROVIDED EDITORIAL CONTENT, PUBLICATION AND DISTRIBUTION OF A STATEWIDE PERIODICAL HIGHLIGHTING THE DAIRY INDUSTRY AND ITS STAKEHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Maxie Aker Director | Trustee | 1 | $0 |
Rena Johnson President | OfficerTrustee | 1 | $0 |
Gerald Heatwole 1st Vice President | OfficerTrustee | 1 | $0 |
Kraig Smith Director | Trustee | 1 | $0 |
Jason Jordan Director | Trustee | 1 | $0 |
Kevin Phillips Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $286,681 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,860 |
| 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 | $307,541 |
| Total Program Service Revenue | $41,536 |
| Investment income | $35,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $501,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,003 |
| 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. | $90,567 |
| Compensation of current officers, directors, key employees. | $18,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,017 |
| Payroll taxes | $8,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,365 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,480 |
| Office expenses | $2,236 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,205 |
| Travel | $19,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,597 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,694 |
| All other expenses | $13,820 |
| Total functional expenses | $336,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,660 |
| 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 | $1,247,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,407,382 |
| Accounts payable and accrued expenses | $3,928 |
| Grants payable | $0 |
| Deferred revenue | $3,856 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,742 |
| 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 | $20,526 |
| Net assets without donor restrictions | $1,386,856 |
| 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 | $1,407,382 |
Grants Awarded
Over the last fiscal year, Virginia State Dairymens Assoc has awarded $22,003 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DAIRY FOUNDATION OF VIRGINIA PURPOSE: SCHOLARSHIPS AND FOUNDATION OPERATIONS | $13,261 |
VIRGINIA TECH PURPOSE: SUPPORT OF THE DAIRY SCIENCES PROGRAM | $8,742 |