Intermountain Milk Processors Association FY2024 filing

Not tax-deductible

Twin Falls, ID501(c)(6)Since 1927EIN 82-6008402Revenue $721K in FY2024

On file with the IRSPo Box 5355, 83303-5355 · Twin Falls, IDTax-exempt since Mar 2021

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To support the Dairy Industry in the Intermountain Area- Including financial support for new programs.

70¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $118K a year · 17% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$721K
+27% vs prior year
Spent
$625K
To programs
70%
Net assets
$527K
By yearFY2023–FY2025
Revenue
$721K
FY2024▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2023$570K
FY2024$721K
FY2025$793K
Expenses
$625K
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2023$480K
FY2024$625K
FY2025$625K
Net assets
$527K
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2023$431K
FY2024$527K
FY2025$694K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2021.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $437K Management & general 4% · $23K Fundraising 15% · $95K

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

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Who runs it and what they're paid

5 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$69,996Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Travis Jones$64,153$69,996

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aNo

Programs and updates

Supports dairy industry growth in Idaho and Utah through scholarships and training.

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Provided by the organization

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2 programs · $4K · in their own filed words · FY2024
01

Funding for Education Regarding the Dairy Industry in Idaho and Northern Utah

$4Kprogram expense
02

Scholarship Money and College Based Competition to Promote the Dairy Industry in Idaho and Northern Utah

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$721K
Ln 12
Fees for servicesLn 2g$422K
Gifts and grantsLn 1h$187K
Other incomeLn 4–11$111K
Money outPt IX
$625K
Ln 25
Programscol B$437K
Managementcol C$23K
Fundraisingcol D$95K
Owns and owesPt X
$527K
net assets · Ln 32
Cash and savingsLn 1–2$527K
Total assetsLn 16$527K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$187K
Fees for servicesLn 2g$422K
Investment incomeLn 3$650
Other incomeLn 4–11$111K
Gains on assetsLn 7$0
Total revenueLn 12$721K
Assets in detailPt X, end of year
CashLn 1$501K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$527K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$527K
LiabilitiesLn 26$0
Net assetsLn 32$527K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$431K$527K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$431K$527K
LiabilitiesLn 26$0$0
Net assetsLn 32$431K$527K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$850$850
Pay of current officers, directors and key staffLn 5$70K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$70K$70K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$95K$95K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$586$586
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$23K$23K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$273K$273K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$87K$66K$22K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$625K$437K$23K$95K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $793K$625K$168K$694K 990 PDF
FY2024 Viewing $721K$625K$96K$527K 990 PDF
FY2023 $570K$480K$90K$431K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $720,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $181,975$186,950
I-9 Program service revenuePrior year $297,795$421,960
I-10 Investment incomePrior year $13$650
I-11 Other revenuePrior year $89,750$111,000
I-12 Total revenuePrior year $569,533$720,560
I-13 Grants and similar amounts paidPrior year $1,250$0
I-14 Benefits paid to members$850
I-15 Salaries and benefits$139,992
I-16a Professional fundraising feesPrior year $71,419$94,833
I-17 Other expensesPrior year $406,885$389,236
I-18 Total expensesPrior year $479,554$624,911
I-19 Revenue less expensesPrior year $89,979$95,649
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $720,560 across 10 lines filed
Lines not itemized here account for $111,000 of total revenue; see the IRS return.
VIII-1b Membership dues$104,950
VIII-1d Related organizations$82,000
VIII-1h Total contributions, gifts and grants$186,950
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $421,960$421,960
VIII-3 Investment incomeRelated to mission $650$650
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $111,650 · Excluded from tax $421,960$720,560
Part IX · Statement of functional expenses $624,911 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for membersPrograms $850$850
IX-5 Pay of current officers, directors and key staff$69,996
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $69,996$69,996
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $94,833$94,833
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,112$1,112
IX-14 Information technologyPrograms $586$586
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $23,255$23,255
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $273,103$273,103
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $65,553 · Management $21,847$87,400
IX-24e All other expensesPrograms $3,780$3,780
IX-25 Total functional expensesPrograms $437,123 · Management $22,959 · Fundraising $94,833$624,911
Part X · Balance sheet $526,645 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $405,371$501,005
X-2 Savings and temporary cash investmentsStart of year $25,625$25,640
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $430,996$526,645
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $330,996$326,645
X-28 Net assets with donor restrictionsStart of year $100,000$200,000
X-32 Total net assets or fund balancesStart of year $430,996$526,645
X-33 Total liabilities and net assetsStart of year $430,996$526,645
Part XI · Reconciliation of net assets $526,645 net assets at year end
XI-1 Total revenue$720,560
XI-2 Total expenses$624,911
XI-3 Revenue less expenses$95,649
XI-4 Net assets at start of year$430,996
XI-10 Net assets at end of year$526,645

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

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