Processor Stewardship Reporting LLC

“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. Quinton baily, cfo of psr in 2024, was paid by dmi for services provided to psr. Quinton baily's 2024 reportable compensation of $459,461 and other compensation of $71,400 is reported on dmi's form 990.”

“The membership of this entity is comprised of any individuals, firms, and corporations which are dairy processors, which have adopted the U.S. Dairy Stewardship Commitment, which contribute the required annual dues to the entity, and which agree to be bound by the terms and provisions of the Operating Agreement.”

“The managing body of this entity is the Oversight Committee which is elected by the membership. The Oversight Committee is comprised of six members: a chair, vice chair, treasurer/secretary, and three at large representatives.”

“The cfo reviews form 990 before filing. Form 990 is available to all members upon request. Management and corporate counsel review the policies relating to governance, management and disclosure to ensure and monitor compliance within the organization.”

“The conflict of interest policy is reviewed in detail with the board and by the organization's corporate attorneys annually. Board members are required to complete an annual certification of compliance with the conflict of interest policy. Board members are asked to recuse themselves from voting if they are personally involved in a matter that could give rise to conflicts.”

“Governing documents, conflict of interest policy and financial statements are available upon request.”

“SOFTWARE MAINTENANCE - Total Expense: 276799, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”