Northeast Iowa Dairy & Agriculture Foundation

Nonprofit profile at a glance

EIN
421489622
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Calmar, IA, USA
Phone
5635349957
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Specialized Education Institutions

Official website

Reported finances

Revenue
$1,907,234
Expenses
$1,973,516
Assets
$2,375,196
Liabilities
$1,021,340

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • Loran Steinlage (President)
  • Nick Bohr (Vice President)

People named in this filing

  • Loran Steinlage (President)
  • Nick Bohr (Vice President)
  • Ron Lenth (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Providing progressive outreach for youth, students, farmers, industry and consumers to strengthen and support a strong agriculture community.

What it reported doing in 2024

The Northeast Iowa Dairy & Agriculture Foundation is a non-profit, grassroots organization formed to provide progressive outreach for youth, students, farmers, industry, and consumers to strengthen and support a strong agriculture community.The organization was developed with the purpose to retain young people in rural areas while bolstering the economic impact of dairy farms in northeast Iowa. The Dairy & Agriculture Foundation is led by a 15-member, farmer-based board of directors.(Statement continued on Schedule O)The Dairy & Agriculture Foundation operates Iowa's Dairy Center, a 220-cow dairy farm focused on providing demonstration on modern farming practices. Iowa's Dairy Center was recognized as Iowa's first "Center of Excellence for Value-Added Agriculture" by Governor Tom Vilsack. Additionally, the Dairy & Agriculture Foundation raises 80 market steers, 10 cow-calf pairs and farms 250 acres implementing conservation practices throughout the farm.Education is the driver in all the Dairy & Agriculture Foundation's efforts and is achieved in partnership with Northeast Iowa Community College (NICC). This allows students enrolled in agriculture programs at NICC to experience hands-on learning in the barn and in the fields. Several farmer workshops, trainings, and events are hosted each year.As a community outreach effort in partnership with Midwest Dairy, the Dairy & Agriculture Foundation welcomes over 10,000 annual visitors to Iowa's Dairy Center. Visitors from all 50 states and over 30 countries have experienced Iowa agriculture through tours and events including the highly anticipated Grill and Chill on the Farm.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 39
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.3%; rating input score 98
  • Fundraising efficiency: $252.02 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.5%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -1.9% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -10.6% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.3% of spending went to programs
  • Governance: 17 of 17 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.