2024-11-15T14:31:58+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP 1101 NEW YORK AVENUE NW Washington DC 20005 990 2023-01-01 363992031 Dairy Management Inc DAIR 8478032000 10255 W HIGGINS ROAD SUITE 900 ROSEMONT IL 60018 QUINTON BAILY CFO 8478032000 2024-11-15 true Amber N Doane P01391011 2023276000 2024-11-11 2023 2024-10-15 13:58:12Z QUINTON BAILY 10255 W HIGGINS ROAD SUITE 900 ROSEMONT IL 60018 178261356 false X WWW.DAIRY.ORG X 1995 DC TO INVEST DAIRY PRODUCER CHECKOFF FUNDS IN STRATEGIC, COORDINATED MARKETING PROGRAMS DESIGNATED TO INCREASE CONSUMPTION OF DAIRY PRODUCTS BOTH DOMESTICALLY AND INTERNATIONALLY. 75 73 323 75 -524859 0 0 178196534 178261356 0 0 178196534 178261356 51000 51000 0 30944487 32487596 0 0 147201047 145722760 178196534 178261356 0 0 25584893 25117080 25584893 25117080 0 0 X DAIRY MANAGEMENT INC (DMI) WAS FORMED IN 1995 BY THE NATIONAL DAIRY PROMOTION AND RESEARCH BOARD (NDB) AND THE UNITED DAIRY INDUSTRY ASSOCIATION (UDIA). DMI IS A MANAGEMENT ORGANIZATION THAT INVESTS DAIRY PRODUCER CHECKOFF FUNDS IN STRATEGIC, COORDINATED MARKETING PROGRAMS DESIGNED TO INCREASE CONSUMPTION OF U.S. DAIRY PRODUCTS BOTH DOMESTICALLY AND INTERNATIONALLY. THE FORMATION OF DMI HAS CREATED EFFICIENCIES, GAINED THROUGH THE ELIMINATION OF REDUNDANCIES AND THE POWER OF JOINT PLANNING. false false Grow New Opportunities for Domestic & International Sales Leverage power partners to drive dairy volume : Dairy checkoff innovation and sales-driving efforts focus on growing incremental and sustainable dairy sales via partners. Domestic checkoff foodservice partners Domino's, McDonald's and Taco Bell have averaged 3% growth in dairy sales by volume since the strategic relationships began, totaling about 7.6 billion pounds of dairy sold. Partner with leaders in Foodservice, Domestic, and Fluid Milk to bring disruptive new products and marketing programs: Within Foodservice, partners launched 10 new products and executed 5 marketing programs in 2023. New products launched included the Grilled Cheese platform at Taco Bell, Domino's Pepperoni Stuffed Cheesy Bread and Loaded Tots, McDonald's Strawberry Shortcake McFlurry and Cheesy Jalapeno McMuffin, among others. The marketing programs spanned from promotions on social media (McDonald's Grimace Shake) to an improved digital loyalty program (Domino's). Retail partner General Mills introduced new product launches in both Health & Wellness (Ratio Protein/ Keto Oui Whole Milk) and permissible indulgence (Haagen Dazs Cultured Cream). The Yogurt Category volume grew 2.4%, while General Mills new product volume grew 25M lbs. Specific to fluid milk, checkoff launched two new product lines including Good Culture Probiotic (DFA), MOO'V (DARI) in 2023 and Darigold Belle Creamers in January 2024, and the Darigold coffee marketing program. Value- added milk grew 0.2% in 2023, lactose free volume grew 6.8%, and alternatives declined -6.5%. The Exports team works in lockstep with USDEC to bring to life our vision, ensuring U.S. dairy is growing, consistent, and the preferred supplier in key markets globally. Checkoff is partnering with US Foodservice companies, dairy cooperatives, and the industry to drive innovation and build capabilities. Within our international partnerships, U.S. dairy volume grew 5% over 2022. In 2023, we continued to expand pizza partnerships with the #1 and #2 global pizza brands, as pizza is the top carrier for U.S. cheese and is a growing category in primary export markets. Checkoff partnerships launched more than 10 new items including Pizza Hut Melts in Japan and Indonesia, MyBox and BigBox in Japan and Taiwan, and incremental Halloween-themed Limited Time Offers with both Pizza Hut and Domino's. A short-term partnership with Yum! China delivering 10.84M cheese pounds through December 2023. Reached 1.7M consumers with the US cheese messaging by Pizza Hut Indonesia through the new incorporation of the USDEC "Made with US Cheese" logo, unifying U.S. cheese marketing and branding efforts for the Indonesian consumer. Partnered with U.S. co-ops to build capabilities and co-fund value-added growth initiatives. Darigold continues to grow and expand its International direct sales business model, expanding into value-added Extended Shelf Life (ESL) milk in retail channels in Asia. Initially selling-in incremental eggnog pallets in China for December 2023 and aiming to expand to include other ESL products in Philippines. Initial partnership with AMPI ended in June 2023, resulting in nearly 2,000 outlets selling Dinner Bell Creamery or Mera-branded cheese in China and Middle East and a 650% increase in exports volume since beginning of partnership. In 2024, AMPI is expanding into new markets (from 4 to 17) with new products and channels. This partnership was essential for AMPI to grow their export intelligence and capabilities with a long-term focus on exports as an area for growth. THE DMI SUSTAINABILITY PROGRAM IS CRITICAL TO DMI's MISSION TO INCREASE DEMAND FOR DAIRY. THE PROGRAM DEMONSTRATES THAT DAIRY IS AN ENVIRONMENTAL SOLUTION - BACKED BY SCIENCE AND PROOF - AND ECONOMICALLY ADDITIVE FOR FARMERS, MARKETS AND SOCIETY. THE PROGRAM IS COMMITTED TO SUPPORTING SCIENTIFIC RESEARCH AIMED AT UNDERSTANDING, MEASURING AND IMPROVING THE ENVIRONMENTAL IMPACT OF DAIRY OPERATIONS THAT WILL SUPPORT INDUSTRY EFFORTS TO DRIVE CONSUMER DEMAND FOR PRODUCTS THAT ARE BOTH GOOD FOR HUMAN HEALTH AND THE ENVIRONMENT. SUSTAINABILITY RESEARCH FOCUSES ON GREENHOUSE GAS EMISSION REDUCTION opportunities, LIFE CYCLE ASSESSMENTS, WATER USE EFFICIENCY AND WATER QUALITY, SUSTAINABILITY MEASUREMENT AND REPORTING, AND TECHNOLOGY TRANSFER AND KNOWLEDGE SHARING TO IMPROVE FARM ADVISOR ACCESS TO SCIENCE BASED TECHNICAL RESOURCES. COLLABORATING WITH PARTNERS IS NECESSARY FOR SUCCESS. KEY PARTNERS INCLUDE FARM ADVISORS, UNIVERSITIES, NON-GOVERNMENTAL ORGANIZATIONS, FOUNDATIONS, GOVERNMENT, AGRICULTURE INDUSTRY AND VALUE CHAIN. TOGETHER, THESE INITIATIVES SERVE THE PUBLIC INTEREST BY PROMOTING ENVIRONMENTAL SUSTAINABILITY, COMBATING CLIMATE CHANGE AND PROTECTING WATER RESOURCES. PROTECTING AND GROWING TRUST IN DAIRY IS A FOUNDATIONAL CHECKOFF PRIORITY - TRUST IN MILK AND DAIRY FOODS, FARMERS AND THE INDUSTRY. HOW CONSUMERS, THOUGHT LEADERS AND INFLUENCERS FEEL ABOUT DAIRY AND ITS REPUTATION HAS A DIRECT IMPACT ON DRIVING SALES AND TRUST. IN 2023, THE CHECKOFF CONTINUED ITS FOCUS ON TRUST WITH A MULTI-PRONGED APPROACH TO: 1) DELIVER CONSUMER CONTENT AND AMPLIFY DAIRY'S VOICE IN THE KEY CHANNELS WHERE YOUNG ADULTS, YOUTH AND THEIR PARENTS LOOK FOR INFORMATION 2) EXPAND DAIRY'S IMPACT IN YOUTH WELLNESS EFFORTS THROUGH A NEW FUEL UP PROGRAM THAT OFFERS GREATER FLEXIBILITY FOR NATIONAL AND LOCAL CHECKOFF ORGANIZATIONS 3) ACTIVATE DAIRY CHAMPIONS BY ENGAGING EXPERTS AND THOUGHT LEADERS WHO BRING ADDED CREDIBILITY WITH CONSUMERS 4) WORK WITH HIGH-IMPACT PARTNERS FOCUSED ON HEALTH AND WELLNESS, ENVIRONMENT AND INDUSTRY TO SECURE DAIRY'S ROLE IN THE DIET AND IN GLOBAL FOOD SYSTEMS EXPORT DMI PARTNERS WITH FOOD/RETAIL/DAIRY COMPANIES TO IMPLEMENT MARKETING PROGRAMS AND INITIATIVES TO FACILITATE THE SALES OF U.S. PRODUCED DAIRY PRODUCTS AND DAIRY INGREDIENTS OUTSIDE THE UNITED STATES ACROSS VARIOUS KEY INTERNATIONAL MARKETS. 0 false false false false false false false false false true false false true true false true false false false true false false false false false false false true true false false false false false false false false false false false true true true false true 136 0 true 323 true true true false false false false false false false X 75 73 false false false false false false false true true false false false true true true true true true true false X QUINTON BAILY 8478032000 10255 W HIGGINS RD STE 900 ROSEMONT IL 60018 BECKY LEVZOW VICE CHAIR THROUGH 11/23 1.0 2.0 X X 0 0 0 BECKY NYMAN Treasurer FROM 11/23 1.0 1.0 X X 0 0 0 DAVID (SKIP) HARDIE SECRETARY 1.0 1.0 X X 0 0 0 MARILYN HERSHEY CHAIR 1.0 3.0 X X 0 59000 0 MARY KRAFT VICE CHAIR FROM 11/23 1.0 1.0 X X 0 900 0 ORVILLE MILLER TREASURER THROUGH 11/23 1.0 2.0 X X 0 0 0 ALEX PETERSON DIRECTOR THROUGH 11/23 1.0 3.0 X 0 4800 0 ALLEN MERRILL DIRECTOR 1.0 1.0 X 0 1200 0 ANGIE MEYER DIRECTOR 1.0 1.0 X 0 0 0 ARLENE VANDER EYK DIRECTOR 1.0 1.0 X 0 1600 0 AUDREY DONAHOE DIRECTOR 1.0 1.0 X 0 7700 0 BARB HANSELMAN DIRECTOR 1.0 1.0 X 0 2000 0 BILL BESANCON DIRECTOR 1.0 1.0 X 0 2300 0 BILL DEUTSCH DIRECTOR 1.0 0 X 0 0 0 BRIAN ESPLIN DIRECTOR 1.0 1.0 X 0 5100 0 BRYAN HULL DIRECTOR 1.0 1.0 X 0 0 0 CALEB CROTHERS DIRECTOR 1.0 1.0 X 0 0 0 CHARLES KRAUSE DIRECTOR 1.0 1.0 X 0 5600 0 CHRISTINA MEDEIROS DIRECTOR THROUGH 11/23 1.0 1.0 X 0 0 0 CORBY WERTH DIRECTOR 1.0 1.0 X 0 4850 0 CYNTHIA ADAM DIRECTOR 1.0 1.0 X 0 0 0 DAN HOTVEDT DIRECTOR 1.0 1.0 X 0 2800 0 DANIEL BUTTARS DIRECTOR 1.0 1.0 X 0 2000 0 DAVID JACKSON DIRECTOR 1.0 1.0 X 0 0 0 DAVID ROBERTS DIRECTOR 1.0 1.0 X 0 0 0 DICK BENGEN DIRECTOR 1.0 1.0 X 0 0 0 DON GAALSWYK DIRECTOR 1.0 1.0 X 0 0 0 DOUG CARROL DIRECTOR 1.0 0 X 0 0 0 GAIL KLINKNER DIRECTOR 1.0 0 X 0 0 0 GEORGE ANDREW DIRECTOR 1.0 1.0 X 0 0 0 GEORGE CRAVE DIRECTOR 1.0 1.0 X 0 0 0 GLEN EASTER DIRECTOR THROUGH 11/23 1.0 1.0 X 0 0 0 GREG CONRAD DIRECTOR 1.0 1.0 X 0 2400 0 HAROLD HOWRIGAN JR DIRECTOR 1.0 1.0 X 0 2600 0 JANET CLARK DIRECTOR 1.0 2.0 X 0 3300 0 JANNA SCOTT DIRECTOR 1.0 1.0 X 0 0 0 JEFFREY HARDY DIRECTOR 1.0 1.0 X 0 0 0 JENNIFER DEBOER DIRECTOR 1.0 1.0 X 0 0 0 JENNIFER GLOVER DIRECTOR 1.0 1.0 X 0 0 0 JENNIFER TILTON-FLOOD DIRECTOR 1.0 1.0 X 0 3800 0 JILL HOUIN DIRECTOR 1.0 1.0 X 0 4200 0 JIM DEATON DIRECTOR 1.0 1.0 X 0 4100 0 JIM REID DIRECTOR 1.0 1.0 X 0 0 0 JOANNA SHIPP DIRECTOR 1.0 0 X 0 0 0 JOHN BRUBAKER DIRECTOR 1.0 1.0 X 0 8600 0 JOHN LARSON DIRECTOR THROUGH 11/23 1.0 1.0 X 0 0 0 JOHN VAN DAM DIRECTOR 1.0 1.0 X 0 0 0 JOSH GLADDEN DIRECTOR 1.0 1.0 X 0 3200 0 JOYCE RACICKY DIRECTOR 1.0 1.0 X 0 0 0 JP KOOP DIRECTOR THROUGH 9/23 1.0 1.0 X 0 0 0 JUSTIN LEYENDEKKER DIRECTOR 1.0 1.0 X 0 0 0 KALLAN REX DIRECTOR THROUGH 6/23 1.0 1.0 X 0 0 0 KATHRYN FOGLER DIRECTOR 1.0 1.0 X 0 0 0 KEN MYERS DIRECTOR 1.0 0 X 0 0 0 KENT FOLKEMA DIRECTOR 1.0 1.0 X 0 0 0 KIM KORN DIRECTOR 1.0 1.0 X 0 4800 0 KRIS WARDIN DIRECTOR 1.0 1.0 X 0 1900 0 LARRY HANCOCK DIRECTOR THROUGH 9/23 1.0 2.0 X 0 2800 0 LOIS DOUGLASS DIRECTOR 1.0 1.0 X 0 0 0 LOLLY LESHER DIRECTOR THROUGH 11/23 1.0 2.0 X 0 0 0 LOUIE KAZEMIER DIRECTOR THROUGH 5/23 1.0 1.0 X 0 0 0 MARVIN POST DIRECTOR 1.0 1.0 X 0 0 0 MARY TEMME DIRECTOR 1.0 1.0 X 0 600 0 MIKE BROWN DIRECTOR THROUGH 2/23 1.0 0 X 0 0 0 MIKE FERGUSON DIRECTOR 1.0 1.0 X 0 2700 0 NEIL HOFF DIRECTOR 1.0 2.0 X 0 35500 0 NORA DOELMAN DIRECTOR 1.0 1.0 X 0 0 0 PATRICIA BIKOWSKY DIRECTOR 1.0 1.0 X 0 0 0 PATTI SHINN DIRECTOR THROUGH 5/23 1.0 1.0 X 0 600 0 PAUL E ROVEY DIRECTOR 1.0 1.0 X 800 2600 0 PAULINE TJAARDA DIRECTOR 1.0 1.0 X 0 0 0 PAXTON ROBINSON DIRECTOR 1.0 1.0 X 0 0 0 RALPH HOFFMAN DIRECTOR THROUGH 11/23 1.0 1.0 X 0 0 0 RANDY ROECKER DIRECTOR 1.0 1.0 X 0 0 0 RICK PODTBURG DIRECTOR THROUGH 2/23 1.0 1.0 X 0 0 0 ROBERT BROUWER DIRECTOR 1.0 1.0 X 0 0 0 ROGER FLUEGEL DIRECTOR 1.0 1.0 X 0 0 0 SARAH BAHGAT-EGGERT DIRECTOR 1.0 1.0 X 0 0 0 SHARON DERUYTER DIRECTOR 1.0 1.0 X 0 0 0 SHELLY GROSENICK DIRECTOR 1.0 1.0 X 0 0 0 SIETO MELLEMA DIRECTOR 1.0 1.0 X 0 0 0 SUTTON RUCKS JR DIRECTOR 1.0 0 X 0 0 0 SUZANNE VOLD DIRECTOR 1.0 1.0 X 0 0 0 TARA VANDER DUSSEN DIRECTOR 1.0 1.0 X 0 0 0 TED PEDROZO DIRECTOR 1.0 1.0 X 0 0 0 TIM BERNHARDT DIRECTOR 1.0 1.0 X 0 0 0 TIM HOOD DIRECTOR THROUGH 5/23 1.0 1.0 X 0 0 0 TOM KASPER DIRECTOR 1.0 1.0 X 0 2200 0 TOM WOODS DIRECTOR THROUGH 2/23 1.0 1.0 X 0 0 0 VALERIE LAVIGNE DIRECTOR 1.0 1.0 X 0 0 0 WARREN CHAMBERLAIN DIRECTOR 1.0 1.0 X 0 0 0 BARBARA O'BRIEN CEO 40.0 3.0 X 659900 0 57459 QUINTON BAILY CFO 40.0 3.0 X 454057 0 70199 ANN MARIE KRAUTHEIM CEO GenYouth 40.0 0 X 377747 0 52737 JOANNA HUNTER Executive Vice President 40.0 0 X 354569 0 47315 KRYSTA LAVERNE HARDEN EXECUTIVE VICE PRESIDENT/USDEC 40.0 1.0 X 513572 0 51803 MARTHA SCOTT POINDEXTER EXECUTIVE VICE PRESIDENT/USDEC 40.0 0 X 387373 0 40976 PAUL ZIEMNISKY EXECUTIVE VICE PRESIDENT 40.0 0 X 379853 0 75034 THOMAS GALLAGHER FORMER CEO 0.0 0.0 X 425012 0 0 3552884 185750 395522 166 true true false MischiefNoFixedAddress Inc 20 Jay Street Brooklyn NY 11201 Agency Services 5910899 Daniel J Edelman Inc 200 East Randolph Drive Chicago IL 60601 Agency Services 4107512 NFL Properties LLC PO Box 27278 New York NY 10087 Promotion 3570000 National Milk Producers Federation 2587 Solutions Center Chicago IL 60677 Agency Services 3445766 United Dairymen of Arizona 2008 S Hardy Drive Tempe AZ 85252 Promotion 3246500 135 0 PROGRAM FUNDING REVENUE 900099 125647077 125647077 CORE FUNDING REVENUE 900099 43648298 43648298 CONTRACT SERVICES REVENUE 900099 8965981 8965981 0 0 0 0 178261356 0 0 0 0 INVESTMENT IN PARTNERSHIPS 525990 0 -524859 524859 0 0 0 0 0 178261356 178261356 -524859 524859 51000 1242415 24502600 2393030 2434621 1914930 398649 81133 111349 1303174 2813472 2673362 2664846 3422781 167892 229483 DOMESTIC MARKETING 101377772 EXPORT EXPENSES 21143001 CONTRACT SERVICES EXPENSES 8965981 ALL OTHER EXPENSES 369865 0 178261356 553221 734492 1430532 1187011 0 0 0 0 1388398 394743 4480396 3741393 1050605 739003 0 0 21162137 22061831 25584893 25117080 19502483 20566453 0 0 6082410 4550627 25584893 25117080 0 0 25584893 25117080 0 0 X false true X true false 1467589 1371755 95834 1272527 937462 335065 1740280 1432176 308104 739003 DUE FROM AFFILIATES 19691606 OTHER ASSETS 48548 OPERATING RIGHT OF USE ASSETS 2321677 22061831 Operating Lease Obligations 3050815 DUE TO AFFILIATES 1499812 OTHER LIABILITIES 0 4550627 178261356 0 0 178261356 0 0 178261356 178261356 0 0 178261356 0 0 178261356 East Asia and the Pacific 0 0 Program Services marketing support 2502183 Middle East and North Africa 0 0 Program Services marketing support 500000 0 0 0 0 0 0 3002183 0 3002183 false false false false false true Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual true NATIONAL DAIRY RESEARCH AND PROMOTION BOARD SCHOLARSHIP 12 31000 NATIONAL DAIRY SHRINE SCHOLARSHIP 20 20000 Schedule I, Part III, Column (b) ESTIMATED NUMBER OF RECIPIENTS NATIONAL DAIRY SHRINE SCHOLARSHIP : DMI CO-BRANDED THE SCHOLARSHIP PROGRAM WITH NATIONAL DAIRY SHRINE ("NDS") ORGANIZATION. NDS COMPLETES THE REVIEW OF THE SCHOLARSHIP APPLICANTS AND MAKES THE FINAL DECISIONS ON HOW MANY SCHOLARSHIP RECIPIENTS THERE WILL BE ANNUALLY. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. DMI KEEPS RECORDS OF ALL SCHOLARSHIP RECIPIENTS. THE AWARDED SCHOLARSHIP STIPENDS ARE FORWARDED TO THE DEPARTMENT HEAD/CHAIRPERSON FOR ISSUANCE TO AWARDEES UPON THEIR ENROLLMENT. X X X true true X X true true false THOMAS GALLAGHER FORMER CEO 0 0 0 0 425012 0 0 0 0 0 425012 0 0 0 BARBARA O'BRIEN CEO 630000 0 0 0 29900 0 33000 0 24459 0 717359 0 0 0 QUINTON BAILY CFO 449904 0 10000 0 -5847 0 45990 0 24209 0 524256 0 0 0 KRYSTA LAVERNE HARDEN EXECUTIVE VICE PRESIDENT/USDEC 508820 0 0 0 4752 0 50882 0 921 0 565375 0 0 0 MARTHA SCOTT POINDEXTER EXECUTIVE VICE PRESIDENT/USDEC 380276 0 7000 0 97 0 37143 0 3833 0 428349 0 0 0 PAUL ZIEMNISKY EXECUTIVE VICE PRESIDENT 381425 0 10000 0 -11572 0 39143 0 35891 0 454887 0 0 0 ANN MARIE KRAUTHEIM CEO GenYouth 379600 0 0 0 -1853 0 37960 0 14777 0 430484 0 0 0 JOANNA HUNTER Executive Vice President 353600 0 0 0 969 0 35360 0 11955 0 401884 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel FIRST CLASS TRAVEL IS ONLY AVAILABLE TO THE CEO AS AUTHORIZED BY THE BOARD OF DIRECTORS. THE TRAVEL IS NOT TAXABLE SINCE IT IS PART OF AN ACCOUNTABLE PLAN. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments TAX INDEMNIFICATION IS AVAILABLE TO THE CEO ONLY AND IS INCLUDED IN TAXABLE WAGES. Schedule J, Part I, Line 1a Health or social club dues or initiation fees OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES HAVE THE OPTION OF RECEIVING HEALTH CLUB BENEFITS UNDER THE EXECUTIVE FLEXIBLE BENEFITS ACCOUNT. Schedule J, Part I, Line 4a Severance or change-of-control payment THOMAS GALLAGHER RECEIVED A SEVERANCE PAYMENT TOTALING $425,012 DURING 2023 WHICH IS INCLUDED ON SCHEDULE J, PART II, COLUMN B (III). THIS PAYMENT REPRESENTS THE FINAL INSTALLMENT CALLED FOR IN HIS SEPARATION AGREEMENT WHICH WAS EXECUTED DURING THE FOURTH QUARTER OF 2021. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan DMI PROVIDES A NON-QUALIFIED DEFINED CONTRIBUTION BENEFIT FOR EXECUTIVES WHOSE THRIFT & SAVINGS PLAN (401K PLAN) BENEFITS ARE AFFECTED BY THE IRS ANNUAL COMPENSATION LIMITS. DMI WILL AUTOMATICALLY DEFER, ON THE BEHALF OF A PARTICIPANT, EMPLOYER CONTRIBUTIONS "LOST" UNDER THE THRIFT & SAVINGS PLAN DUE TO FEDERAL TAX LAWS THAT PLACE A LIMIT ON THE AMOUNT OF COMPENSATION THAT A QUALIFIED PLAN CAN USE IN MAKING BENEFIT CALCULATIONS. THIS ANNUAL COMPENSATION LIMIT FOR 2023 AS DEFINED IN IRS CODE SECTION 401(A)(17) IS $330,000. THE BALANCE IN EACH NONQUALIFIED PLAN ACCOUNT IS CREDITED TO EXECUTIVES ANNUALLY WITH INTEREST BASED ON AN AVERAGE OF THE WALL STREET JOURNAL PRIME RATES PUBLISHED ON THE FIRST DAY OF EACH CALENDAR MONTH. THIS BALANCE ACCUMULATES OVER THE COURSE OF THE EXECUTIVE'S TENURE AT DMI AND VESTS AND BECOMES PAYABLE AT TERMINATION OF EMPLOYMENT. BARBARA O'BRIEN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PROGRAM IN WHICH BENEFITS VEST AT YEAR-END AND ARE PAID BY MARCH 15 OF THE FOLLOWING YEAR. THE BENEFITS REPRESENT EMPLOYER CONTRIBUTIONS LOST UNDER THE THRIFT & SAVINGS PLAN DUE TO FEDERAL TAX LAWS THAT PLACE A LIMIT ON THE AMOUNT OF COMPENSATION THAT A QUALIFIED PLAN CAN USE IN MAKING BENEFIT CALCULATIONS. SHE WAS PAID A BENEFIT OF $35,522 IN 2023 WHICH IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) EXPORT DMI PARTNERS WITH FOOD/RETAIL/DAIRY COMPANIES TO IMPLEMENT MARKETING PROGRAMS AND INITIATIVES TO FACILITATE THE SALES OF U.S. PRODUCED DAIRY PRODUCTS AND DAIRY INGREDIENTS OUTSIDE THE UNITED STATES ACROSS VARIOUS KEY INTERNATIONAL MARKETS. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW UPON REQUEST. MANAGEMENT REVIEWS THE DETAILS OF THE FORM 990 WITH THE ORGANIZATION'S ATTORNEYS AND ITS AUDIT AND TAX FIRM. Form 990, Part VI, Line 12c Conflict of interest policy 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. Form 990, Part VI, Line 15a Process to establish compensation of top management official CEO COMPENSATION IS DETERMINED WITH THE INVOLVEMENT OF THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. CEO, OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED THROUGH THE USE OF INDUSTRY SURVEYS, MARKET SALARY GUIDES AND OTHER COMPETITIVE COMPENSATION INFORMATION. Form 990, Part VI, Line 15b Process to establish compensation of other employees CEO COMPENSATION IS DETERMINED WITH THE INVOLVEMENT OF THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. CEO, OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED THROUGH THE USE OF INDUSTRY SURVEYS, MARKET SALARY GUIDES AND OTHER COMPETITIVE COMPENSATION INFORMATION. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLE BLOWER POLICY, DOCUMENT RETENTION POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. UNITED DAIRY INDUSTRY ASSOCIATION 10255 W HIGGINS ROAD STE 900 ROSEMONT IL 60018 362702849 PROMOTION IL 501(c)(6) NA false NATIONAL DAIRY COUNCIL 10255 W HIGGINS ROAD STE 900 ROSEMONT IL 60018 361522265 EDUCATION IL 501(c)(3) 10 UDIA true INNOVATION CENTER FOR US DAIRY 10255 W HIGGINS ROAD STE 900 ROSEMONT IL 60018 263918900 PROMOTION IL 501(c)(6) DMI true DAIRY RESEARCH INSTITUTE 10255 W HIGGINS ROAD STE 900 ROSEMONT IL 60018 271756847 RESEARCH DC 501(c)(3) 7 DMI true false true false false false false false false false false false false false true true false false false false DAIRY RESEARCH INSTITUTE B 2059889 Cash INNOVATION CENTER FOR US DAIRY B 554781 Cash DAIRY RESEARCH INSTITUTE O 1384282 FMV INNOVATION CENTER FOR US DAIRY O 418151 FMV