Holstein Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 22-2990672)

Revenue by fiscal year
FY2020	$514K
FY2021	$1.7M
FY2022	$298K
FY2023	$674K
FY2024	$1.1M

Expenses by fiscal year
FY2020	$163K
FY2021	$88K
FY2022	$188K
FY2023	$203K
FY2024	$231K

Net assets by fiscal year
FY2020	$9.0M
FY2021	$10.2M
FY2022	$8.7M
FY2023	$9.8M
FY2024	$10.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

63%

34%

Program services 63% · $145K Management & general 34% · $78K Fundraising 3% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation

Michelle Ruby

Chair

$0Pt VII · Sec A

Dr Chris Keim

Vice Chair

$0Pt VII · Sec A

Matt Iager

Secretary

$0Pt VII · Sec A

John Burket

Trustee

$0Pt VII · Sec A

Dave Fischer

Trustee

$0Pt VII · Sec A

Nate Janssen

Trustee

$0Pt VII · Sec A

Tim Perotti

Trustee

$0Pt VII · Sec A

Nick Randal

Trustee

$0Pt VII · Sec A

See Holstein Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates and develops leaders for a vibrant dairy community through program support.

Questions for Holstein Foundation INC

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1 program · $145K · in their own filed words · FY2024

01

The holstein foundation (the foundation) provides youth programs that enhance dairy knowledge, provide networking opportunities, teach teamwork and foster decision-making skills. The goal is to strengthen young adult leaders' skills in media relations, board leadership, and the public policy process to prepare them to address the full…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2990672) · Dispute this line

$145Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.1M

Ln 12

Investment incomeLn 3$1.1M

Gifts and grantsLn 1h$113K

Fees for servicesLn 2g$22K

Money outPt IX

$231K

Ln 25

Programscol B$145K

Managementcol C$78K

Fundraisingcol D$7K

Owns and owesPt X

$10.8M

net assets · Ln 32

Cash and savingsLn 1–2$195K

Total assetsLn 16$10.9M

LiabilitiesLn 26$68K

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$113K

Fees for servicesLn 2g$22K

Investment incomeLn 3$1.1M

Gains on assetsLn 7−$114K

Total revenueLn 12$1.1M

Assets in detailPt X, end of year

CashLn 1$30K

SavingsLn 2$164K

Cash and savings togetherLn 1–2$195K

Pledges and grants receivableLn 3$18K

Prepaid expenses and deferred chargesLn 9$14K

InvestmentsLn 11–13$10.7M

Total assetsLn 16$10.9M

LiabilitiesLn 26$68K

Net assetsLn 32$10.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 660

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

Investment feesPt IX, Sch D

Investment fees, as reportedPt IX 11f$34K

Share of the $10.6M endowmentSch D 1g0.32%

Typical, median of 2,202 orgs0.44%

EndowmentSch D · Pt V

Line	FY24	FY23	FY22	FY21	FY20
End of yearLn 1g	$10.6M	$9.6M	$8.4M	$9.9M	$8.8M
AddedLn 1b	$34K	$39K	$45K	$21K	$4K
SpentLn 1d–1f	$81K	$54K	$43K	$40K	$46K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$304K	$195K
InvestmentsLn 11–13	$9.5M	$10.7M
Total assetsLn 16	$9.9M	$10.9M
LiabilitiesLn 26	$88K	$68K
Net assetsLn 32	$9.8M	$10.8M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$67K	$41K	$21K	$5K
Accounting feesLn 11c	$11K		$11K
Investment management feesLn 11f	$34K		$34K
Office expensesLn 13	$17K	$10K	$6K	$1K
Information technologyLn 14	$648			$648
TravelLn 17	$7K		$7K	$532
Conferences, conventions and meetingsLn 19	$94K	$94K
Total functional expensesLn 25	$231K	$145K	$78K	$7K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Oct 15, 2025	$1.1M	$231K	$845K	$10.8M	990 PDF
FY2023Filed with the IRS Oct 7, 2024	$674K	$203K	$471K	$9.8M	990 PDF
FY2022Filed with the IRS Oct 26, 2023	$298K	$188K	$110K	$8.7M	990 PDF
FY2021Filed with the IRS Aug 15, 2022	$1.7M	$88K	$1.6M	$10.2M	990 PDF
FY2020Filed with the IRS Aug 4, 2021	$514K	$163K	$351K	$9.0M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $1,076,034 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $155,950$112,619

I-9 Program service revenuePrior year $15,845$22,015

I-10 Investment incomePrior year $502,348$941,400

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $674,143$1,076,034

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $202,925$231,174

I-18 Total expensesPrior year $202,925$231,174

I-19 Revenue less expensesPrior year $471,218$844,860

Part VI · Governance 10 of 10 board members independent, no flags

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,076,034 across 7 lines filed

VIII-1d Related organizations$200

VIII-1f All other contributions, gifts and grants$112,419

VIII-1h Total contributions, gifts and grants$112,619

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,015$22,015

VIII-3 Investment incomeExcluded from tax $1,055,820$1,055,820

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$114,420−$114,420

VIII-12 Total revenueRelated to mission $22,015 · Unrelated business $0 · Excluded from tax $941,400$1,076,034

Part IX · Statement of functional expenses $231,174 across 7 lines filed

IX-11a Management feesPrograms $40,998 · Management $21,158 · Fundraising $5,161$67,317

IX-11c Accounting feesManagement $10,800$10,800

IX-11f Investment management feesManagement $33,628$33,628

IX-13 Office expensesPrograms $10,051 · Management $6,255 · Fundraising $1,063$17,369

IX-14 Information technologyFundraising $648$648

IX-17 TravelManagement $6,550 · Fundraising $532$7,082

IX-19 Conferences, conventions and meetingsPrograms $94,330$94,330

IX-25 Total functional expensesPrograms $145,379 · Management $78,391 · Fundraising $7,404$231,174

Part X · Balance sheet $10,889,564 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $143,995$30,242

X-2 Savings and temporary cash investmentsStart of year $160,343$164,380

X-3 Pledges and grants receivableStart of year $34,317$18,137

X-9 Prepaid expenses and deferred chargesStart of year $8,989$14,211

X-11 Publicly traded securitiesStart of year $9,544,830$10,662,594

X-16 Total assetsStart of year $9,892,474$10,889,564

X-17 Accounts payable and accrued expensesStart of year $12,413$8,036

X-19 Deferred revenueStart of year $39,500$19,750

X-21 Escrow or custodial accountsStart of year $36,561$40,701

X-26 Total liabilitiesStart of year $88,474$68,487

X-27 Net assets without donor restrictionsStart of year $1,728,202$1,893,777

X-28 Net assets with donor restrictionsStart of year $8,075,798$8,927,300

X-32 Total net assets or fund balancesStart of year $9,804,000$10,821,077

X-33 Total liabilities and net assetsStart of year $9,892,474$10,889,564

Part XI · Reconciliation of net assets $10,821,077 net assets at year end

XI-1 Total revenue$1,076,034

XI-2 Total expenses$231,174

XI-3 Revenue less expenses$844,860

XI-4 Net assets at start of year$9,804,000

XI-5 Net unrealized gains (losses) on investments$172,217

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$10,821,077

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Holstein Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Holstein Foundation INC

By the numbers

Filing history

Schedules filed Part IV