Civic Intelligence

Us Dairy Export Council

990 • Fiscal year 2021 • EIN 36-4039769

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

2107 Wilson Blvd 600Arlington, VA 22201

(703) 528-3049

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.34x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

19th percentile

0.18x

Higher debt load relative to revenue than 19% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Net Margin

38th percentile

6.2%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2021

Asset Growth

41st percentile

8.3%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

2.7%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$16,612,208

Up $1,276,000 (+8.3%) from 2020

Net Assets

Up

$10,886,588

Up $1,932,746 (+22%) from 2020

Liabilities

Down

$5,725,620

Down $656,746 (-10%) from 2020

Revenue

Up

$30,970,567

Up $808,678 (+2.7%) from 2020

Expenses

Down

$29,037,821

Down $1,442,114 (-4.7%) from 2020

Net Income

Up

$1,932,746

Up $2,250,792 (+708%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $5,467,299Liabilities 2010: $3,551,647Net Assets 2010: $1,915,6522010Assets 2011: $5,960,247Liabilities 2011: $3,778,320Net Assets 2011: $2,181,9272011Assets 2012: $7,469,174Liabilities 2012: $4,918,532Net Assets 2012: $2,550,6422012Assets 2013: $7,975,193Liabilities 2013: $5,364,381Net Assets 2013: $2,610,8122013Assets 2014: $7,600,236Liabilities 2014: $5,249,051Net Assets 2014: $2,351,1852014Assets 2015: $7,120,421Liabilities 2015: $5,022,146Net Assets 2015: $2,098,2752015Assets 2016: $8,786,148Liabilities 2016: $7,098,734Net Assets 2016: $1,687,4142016Assets 2017: $7,675,157Liabilities 2017: $5,874,303Net Assets 2017: $1,800,8542017Assets 2018: $9,558,146Liabilities 2018: $7,662,953Net Assets 2018: $1,895,1932018Assets 2019: $14,366,275Liabilities 2019: $5,094,387Net Assets 2019: $9,271,8882019Assets 2020: $15,336,208Liabilities 2020: $6,382,366Net Assets 2020: $8,953,8422020Assets 2021: $16,612,208Liabilities 2021: $5,725,620Net Assets 2021: $10,886,5882021Assets 2022: $16,584,358Liabilities 2022: $11,633,399Net Assets 2022: $4,950,9592022Assets 2023: $11,598,509Liabilities 2023: $8,305,235Net Assets 2023: $3,293,2742023Assets 2024: $12,257,709Liabilities 2024: $10,470,908Net Assets 2024: $1,786,8012024

Highlighted filing

2021

Assets$16,612,208
Liabilities$5,725,620
Net Assets$10,886,588

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $18,268,5402010Expenses 2011: $21,485,5602011Expenses 2012: $22,673,1862012Revenue 2013: $22,007,956Expenses 2013: $21,947,786Net Income 2013: $60,1702013Revenue 2014: $23,970,258Expenses 2014: $24,229,885Net Income 2014: -$259,6272014Revenue 2015: $23,915,157Expenses 2015: $24,168,067Net Income 2015: -$252,9102015Revenue 2016: $27,182,476Expenses 2016: $27,593,337Net Income 2016: -$410,8612016Revenue 2017: $24,702,688Expenses 2017: $24,589,248Net Income 2017: $113,4402017Revenue 2018: $28,045,843Expenses 2018: $27,951,505Net Income 2018: $94,3382018Revenue 2019: $38,234,833Expenses 2019: $30,858,138Net Income 2019: $7,376,6952019Revenue 2020: $30,161,889Expenses 2020: $30,479,935Net Income 2020: -$318,0462020Revenue 2021: $30,970,567Expenses 2021: $29,037,821Net Income 2021: $1,932,7462021Revenue 2022: $30,849,382Expenses 2022: $36,785,011Net Income 2022: -$5,935,6292022Revenue 2023: $33,020,346Expenses 2023: $34,678,031Net Income 2023: -$1,657,6852023Revenue 2024: $35,192,396Expenses 2024: $36,698,869Net Income 2024: -$1,506,4732024

Highlighted filing

2021

Revenue$30,970,567
Expenses$29,037,821
Net Income$1,932,746
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$30,970,567
Mission and Program Overview

Mission

Through analysis and collaboration, enhance demand for u.s. Dairy products & ingredients by securing access and assisting suppliers to meet market needs that facilitate sales.

Through analysis and collaboration, enhance demand for us dairy products & ingredients by securing access and assisting suppliers to meet market needs that facilitate sales.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$8,634,650$8,655,365▲ $20,715
Cash and Non-Interest-Bearing Accounts$5,109,234$5,722,980▲ $613,746
Prepaid Expenses and Deferred Charges$408,343$625,721▲ $217,378
Land, Buildings, and Equipment, Net$1,039,049$501,596▼ $537,453
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$15,336,208$16,612,208▲ $1,276,000
Other Assets Total$144,932$1,106,546▲ $961,614
Liabilities
Accounts Payable and Accrued Expenses$5,890,553$5,305,063▼ $585,490
Other Liabilities$470,813$307,357▼ $163,456
Deferred Revenue$21,000$113,200▲ $92,200
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,382,366$5,725,620▼ $656,746
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,698,130$8,382,110▲ $2,683,980
Net Assets Without Donor Restrictions$3,255,712$2,504,478▼ $751,234
Total Net Assets Fund Balance$8,953,842$10,886,588▲ $1,932,746
Total Liabilities and Net Assets / Fund Balance$15,336,208$16,612,208▲ $1,276,000

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$428,282$1,157,028$1,585,310
Equipment$73,314$1,389,748$1,463,062
Other Land Buildings$0$990,845$990,845
Other Assets Org$144,932--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry HancockChairman
Thomas J VilsackPresident & CEO THRU 2/21
Krysta HardenPresident/CEO
Brad ScottVice Chairman
Adria JosephsonDirector
AlexPetersonDirector
Alfiya ThomasDirector
Alison RosenblumDirector
Alyssa BadgerDirector
Andrew SullivanDirector
Ann RenardDirector
Ashley EllixsonDirector
Audrae EricksonDirector
Austin BethemDirector
Beth KennedyDirector
Bill BondDirector
Bill DickinsonDirector
Blake AndersonDirector
Brad AndersonDirector
Brooke MarkleyDirector
Charles Di CarloDirector
Chris DeeganDirector
Chris HoegerDirector
Clifford NgDirector
Corey GeigerDirector
Craig DeadmNDirector
DaleMillsDirector
Damione LiddellDirector
Dan DuranDirector
Daniel ErnstDirector
Daren PrimoliDirector
Daryl LarsonDirector
Dave DanielsDirector
Dave De KlyenDirector
Dave KyesDirector
David CarlinDirector
David CurtaDirector
David IssenbergDirector
David LenzmeierDirector
Declan RocheDirector
Derek CrossDirector
Dominique DelugeauDirector
Eddie NoriegaDirector
Elias RiveraDirector
Enrique PedrozaDirector
Eric LaustenDirector
FlorenciaTedescoDirector
Florian MiddelhuisDirector
Frank AlfaroDirector
Frank ReevesDirector
Gabriel SevillaDirector
Glenn WallaceDirector
Goedhart WestersDirector
Grazia PerrellaDirector
Gustavo Acosto-GarzaDirector
Harold HowriganDirector
Hoyt HuffmanDirector
Ivan BeckDirector
Jack HoopsDirector
Jacklyn KrymowskiDirector
Jacob BaumanDirector
James DimatarisDirector
James HrusovszkyDirector
Jason MischelDirector
Jason StephensDirector
Jayne SebrightDirector
Jeff JohnsonDirector
Jeff VandelDirector
Jeffrey SchwagerDirector
Jerrel HeatwoleDirector
Jim KleinDirector
Jim MulhernDirector
JimSommerfieldDirector
Joan AllenDirector
Joe HeinrichDirector
John DardisDirector
John FreyDirector
John NewtonDirector
John TedfordDirector
John WilsonDirector
Jonathan SpurwayDirector
Jonathon GonzalesDirector
Josh PrussDirector
Justin EvansDirector
Karianne FallowDirector
Karla RobinsonDirector
Karteek TirumalasettiDirector
Ken NobisDirector
Kevin EllisDirector
Kevin MooreDirector
Kyle JensenDirector
KyleSchradDirector
Larry RasmussenDirector
Leah SuellentropDirector
Lenzow BeckyDirector
Lily ZhangDirector
Lisa StoutDirector
Liz LecaptainDirector
Lucas FuessDirector
Makoto KobayashiDirector
Marcus AngwinDirector
Mark BurtonDirector
Mark Rhoda-ReisDirector
Mark SchwechelDirector
Marshall ReeceDirector
Matthew LussierDirector
Matthew TedfordDirector
Melissa SchneiderDirector
Michael GilmartinDirector
Michael LayfieldDirector
Michael PeauroiDirector
Mike CurtisDirector
Mike DurkinDirector
Mike McCloskeyDirector
Mindy BerreyDirector
Mitchell BowlingDirector
Neil HoffDirector
Niamh KellyDirector
Patti SmithDirector
Paul E RoveyDirector
Paul GrahamDirector
PaulRogersDirector
Pete KentDirector
Rafael DuqueDirector
Randy MooneyDirector
Reese GiangolaDirector
Reint HuizingaDirector
Richard BradfieldDirector
Robert CheslerDirector
Robert FitzgeraldDirector
Rocco CardinaleDirector
Ross CgeistiesonDirector
Ryan WuchererDirector
Saeid ShokraviDirector
Sara DorlandDirector
Seth HancockDirector
Shannon HelmsDirector
Shari StoffelDirector
Sheryl MeshkeDirector
Simon Vander WoudeDirector
Stan RyanDirector
Steve CooperDirector
Steve GulleyDirector
Steve SeppiDirector
Steve SteffeDirector
Subrina HamasakiDirector
Ted Jacoby IIIDirector
Ted LozierDirector
Tom DriessenDirector
Tony PalliosDirector
Vincent CurtinDirector
Virginie SaulnierDirector
Wayne ShakerDirector
Yann ConnanDirector
cottMarshallDirector
kryste CorsonDirector
David Skip HardieDirector, Founding Member
John BrubakerDirector, Founding Member
Marilyn HersheyDirector, Founding Member
Quinton BailyCFO
Barbara O'BrienSecretary/treasurer
Tom GallagherSecretary/treasurer Thru 11/21

Highest Paid Contractors

ContractorServicesLocationCompensation
Dairy Management INCManagement Services10255 W HIGGINS ROAD STE 900, Rosemont, IL 60018, Sn$6,529,352
National Milk Producers FederationRsrch & Trd Service2107 WILSON BLVD STE 600, Arlington, VA 22201, Ae$3,064,304
Agribusiness-connect AsiaMarket & Product DeCIRCUITO NEDICOS 55 INT 302, Ciudad Satelite Naucalpan, ESTADO DE MEXICO, Mx$1,949,258
AMFI Investment LLCTrade Services-$1,890,950
Mexcam Mercadotecnia SA DE CVProfessional Service-$1,462,153
Revenue and Support

Revenue Composition

Contributions and Grants
$7,310,395
Program Service Revenue
$23,252,072
Investment Income
$0
Other Revenue
$408,100
Change in Net Assets
$1,932,746

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,970,567
Total Revenue per Audited Statements
$30,970,567
Total Revenue per Form 990
$30,970,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,376,590
Salaries, Compensation, and Employee Benefits$6,661,231
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,228,693
All Other Expenses---$3,575,458
Other Expenses---$1,282,653
Occupancy---$749,299
Information Technology---$633,953
Other Employee Benefits---$612,227
Depreciation Depletion---$599,929
Office Expenses---$521,899
Pension Plan Contributions---$479,483
Fees for Services Accounting---$340,935
Payroll Taxes---$340,828
Conferences and Meetings---$330,255
Travel---$256,320
Fees for Services Legal---$78,274
Insurance---$8,364
Total Functional Expenses$0$0$0$29,037,821

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,037,821
Total Expenses per Audited Statements$29,037,821
Total Expenses per Form 990$29,037,821
International Activity

International Summary

Offices
1
Employees
2
Spending
$11,444,292

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram ServicesIndustry & Members12$4,019,650
East Asia and the PacificProgram ServicesIndustry & Members00$3,166,225
North AmericaProgram ServicesIndustry & Members00$1,653,868
Middle East and North AfricaProgram ServicesIndustry & Members00$1,583,311
Middle East and North AfricaProgram ServicesIndustry & Members00$600,000
South AmericaProgram ServicesIndustry & Members00$421,238
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$283,007
Total Nondeductible Lobbying and Political Cost$214,841
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dairy Management IncSee Part VPayment for Management Svcs-$6,404,602

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Dairy Management, Inc.$263,660
Tenant Incentive Obligation$43,697
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3

DESCRIPTION OF MANAGEMENT COMPANY RESPONSIBILITIES: MANAGEMENT DUTIES ARE DELEGATED TO DAIRY MANAGEMENT, INC. (DMI). RESPONSIBILITIES INCLUDE IMPLEMENTATION OF THE DAIRY PROMOTION PROGRAM, SUPERVISION OF EXEMPT PURPOSE AND ANNUAL BUDGET PREPARATION. THOMAS J. VILSACK, CEO OF USDEC UNTIL FEBRUARY 2021, WAS PAID BY DMI FOR SERVICES PROVIDED TO USDEC. THOMAS J. VILSACK HAD 2021 REPORTABLE COMPENSATION OF $155,213 AND OTHER COMPENSATION OF $12,544. KRYSTA HARDEN, CEO OF USDEC FOR THE REMAINDER OF 2021, WAS PAID BY DMI FOR SERVICES PROVIDED TO USDEC. KRYSTA'S 2021 REPORTABLE COMPENSATION IS $481,371 AND OTHER COMPENSATION OF $48,442 IS REPORTED ON DMI'S FORM 990. QUINTON BAILY, CFO OF USDEC, IS AN EMPLOYEE OF DMI AND HIS 2021 REPORTABLE COMPENSATION OF $406,707 AND OTHER COMPENSATION OF $64,927 IS REPORTED ON DMI'S FORM 990. THIS COMPENSATION IS PARTIALLY FOR SERVICES PROVIDED TO USDEC. THOMAS P. GALLAGHER, SECRETARY of USDEC UNTIL NOVEMBER 2021, IS AN EMPLOYEE OF DMI AND HIS 2021 REPORTABLE COMPENSATION OF $1,362,106 AND OTHER COMPENSATION OF $1,318,150 IS REPORTED ON DMI'S FORM 990. THOMAS P. GALLAGHER HAD BEEN EMPLOYED BY DMI FOR OVER 30 YEARS. THOMAS' LONG-STANDING EMPLOYMENT CONTRACT INCLUDED A PROVISION FOR TWO YEARS' SALARY AND BENEFITS TOTALING $1,700,049 UPON TERMINATION OF EMPLOYMENT. THESE EXIT PAYMENTS ARE DUE TO THOMAS IN FOUR INSTALLMENTS, THE FIRST OF WHICH WAS PAID TO HIM DECEMBER 2021 IN THE AMOUNT OF $452,012. THIS COMPENSATION IS PARTIALLY FOR SERVICES PROVIDED TO USDEC. BARBARA O'BRIEN, SECRETARY AND TREASURER OF USDEC, IS AN EMPLOYEE OF DMI AND HER 2021 REPORTABLE COMPENSATION OF $740,752 AND OTHER COMPENSATION OF $63,819 IS REPORTED ON DMI'S FORM 990. THIS COMPENSATION IS PARTIALLY FOR SERVICES PROVIDED TO USDEC. LARRY HANCOCK, CHAIRMAN OF USDEC, RECEIVED $5,200 OF COMPENSATION IN 2021 FROM DMI AS A DIRECTOR OF DMI.

Form 990, Part VI, Line 6 and 7A

Description of classes of members or stockholders and nature of rights: usdec has several membership levels. Only certain levels are allowed to vote according to the by-laws.

Form 990, Part VI, Line 11B

Describe the process used by management &/or governing body to review 990: form 990 information was discussed with the operating committee of the board. Management reviews the 990 details with the organization's audit and tax firm.

Form 990, Part VI, Line 19

Avail of gov docs, conflict of interest policy, & fin stmts to gen public: governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
US Dairy Export Council
EIN
36-4039769
In Care Of
% QUINTON BAILY
Phone
7035283049
Address
2107 WILSON BLVD 600, Arlington, VA 22201

Signing Officer

Name
Quinton Baily
Title
CFO
Phone
7035283049
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Quinton Baily
Formed
1995
Legal Domicile
Va
Voting Board Members
157
Independent Board Members
157
Employees
0
Volunteers
160

Preparer

Firm
Ernst & Young US Llp
Address
1101 NEW YORK AVE NW, WASHINGTON, DC 20005
Preparer
Amber Gazica
Phone
2023276000
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 24 - Other Expenses

Description:ctr for dairy excellence total expenses:1417384

Form 990 Part IX Line 24 - Other Expenses

Description:market access total expenses:917978

Form 990 Part IX Line 24 - Other Expenses

Description:communications & mbrshps total expenses:462356

Form 990 Part IX Line 24 - Other Expenses

Description:eval. & cross-dept. Ops. Total expenses:164196

Form 990 Part IX Line 24 - Other Expenses

Description:all other expenses total expenses:613544

Raw XML AppendixShowing 400 of 1,790 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.3$10.5$1.79$35.2$36.7$1.51
2023Detailed filing. Detailed filing data is available for this year.$11.6$8.31$3.29$33.0$34.7$1.66
2022Detailed filing. Detailed filing data is available for this year.$16.6$11.6$4.95$30.8$36.8$5.94
2021Detailed filing. Detailed filing data is available for this year.$16.6$5.73$10.9$31.0$29.0$1.93
2020Detailed filing. Detailed filing data is available for this year.$15.3$6.38$8.95$30.2$30.5$0.32
2019Detailed filing. Detailed filing data is available for this year.$14.4$5.09$9.27$38.2$30.9$7.38
2018Detailed filing. Detailed filing data is available for this year.$9.56$7.66$1.90$28.0$28.0$0.09
2017Detailed filing. Detailed filing data is available for this year.$7.68$5.87$1.80$24.7$24.6$0.11
2016Detailed filing. Detailed filing data is available for this year.$8.79$7.10$1.69$27.2$27.6$0.41
2015Detailed filing. Detailed filing data is available for this year.$7.12$5.02$2.10$23.9$24.2$0.25
2014Detailed filing. Detailed filing data is available for this year.$7.60$5.25$2.35$24.0$24.2$0.26
2013Detailed filing. Detailed filing data is available for this year.$7.98$5.36$2.61$22.0$21.9$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$4.92$2.55$22.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$3.78$2.18$21.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$3.55$1.92$18.3