North American Intercollegiate Dairy Challenge Inc
- Assets
- $387.6k
- Revenue
- $499.2k
- Investments
- $98.5k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/2009
- Data as of
- 06/2024
- EIN
- 80-0246309
Organization Overview
North American Intercollegiate Dairy Challenge Inc is located in Madison, WI. The organization was established in 2009. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. North American Intercollegiate Dairy Challenge Inc 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 06/2024, North American Intercollegiate Dairy Challenge Inc generated $499.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $460.5k during the year ending 06/2024. While expenses have increased by 2.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS THE FINAL DECISION-MAKING BODY, PROVIDING THE OVERALL DIRECTION FOR THE DAIRY CHALLENGE OR OTHER UNIQUE DAIRY CONTESTS OR EVENTS. IT WILL GUIDE STRATEGIC DEVELOPMENT, BE RESPONSIBLE FOR THE OVERALL PUBLIC IMAGE OF THE CONTESTS OR EVENTS AND STRIVE TO ENHANCE WORKING RELATIONSHIPS BETWEEN EDUCATIONAL INSTITUTIONS AND DAIRY INDUSTRIES AND INDUSTRY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTH AMERICAN INTERCOLLEGIATE DAIRY CHALLENGE (NAIDC) ALLOWS DAIRY SCIENCE STUDENTS TO APPLY THEORY AND LEARNING TO A REAL-WORLD DAIRY WHILE WORKING AS PART OF A TEAM. THE CHALLENGE IS A UNIQUE TWO-DAY COMPETITION AMONG TEAMS REPRESENTING NORTH AMERICAN UNIVERSITIES' DAIRY SCIENCE PROGRAMS. ALSO HELD IN CONJUNCTION WITH THE CHALLENGE IS THE DAIRY CHALLENGE ACADEMY THAT OFFERS STUDENTS THE EDUCATIONAL ASPECTS OF THE CHALLENGE WITHOUT THE COMPETITION. THE ACADEMY EXPOSES MORE STUDENTS, SPECIFICALLY UNDERCLASSMEN AND TWO-YEAR PROGRAM STUDENTS, TO CAREERS IN THE DAIRY INDUSTRY. NAIDC ALSO OFFERS 4 REGIONAL CONTESTS THROUGHOUT THE YEAR. APPROXIMATELY 364 STUDENTS REPRESENTING 49 UNIVERSITIES PARTICIPATED IN THE YEAR'S NATIONAL, REGIONAL, AND ACADEMY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Myers Chair | OfficerTrustee | 5 | $0 |
Alex White Vice Chair | OfficerTrustee | 2 | $0 |
Jeffrey Elliott Associate Vice Chair | OfficerTrustee | 2 | $0 |
Dave Thorbahn Finance Committee Chair | OfficerTrustee | 2 | $0 |
Ted Halbach Program Committee Chair | OfficerTrustee | 2 | $0 |
Gail Carpenter Promo & Engagement Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,798 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,347 |
| Noncash contributions included in lines 1a–1f | $7,347 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,145 |
| Total Program Service Revenue | $466,430 |
| Investment income | $11,882 |
| 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 | $790 |
| Net Income from Sales of Inventory | $948 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,195 |
| 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. | $56,600 |
| Compensation of current officers, directors, key employees. | $15,459 |
| 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 | $26,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,641 |
| Information technology | $926 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295,746 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,057 |
| All other expenses | $5,895 |
| Total functional expenses | $460,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,063 |
| Savings and temporary cash investments | $1,225 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,380 |
| 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 | $17,377 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $67,060 |
| Investments—other securities | $98,523 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $387,628 |
| 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 |
| Net assets without donor restrictions | $387,628 |
| 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 | $387,628 |