Overview
What is Dairy Science Institute Inc?
Dairy Science Institute Inc, based in Rosemont, Illinois, is a nonprofit organization dedicated to advancing dairy science and promoting cooperation among entities with similar goals. Their primary mission involves conducting research, analysis, and sharing findings in the field of dairy science. The institute is actively engaged in a sustainability program, focusing on reducing greenhouse gas emissions, improving water use efficiency and quality, and implementing sustainable technologies within the dairy industry. In 2021, they launched the "Dairy Soil and Water Regeneration" project, a collaboration with Dairy Management Inc. and external organizations, aiming to quantify the environmental impact of certain practices. Another initiative, "Dairy Scale for Good," collaborates with Dairy Management Inc. and research organizations to test and implement sustainable technologies on pilot farms across the United States. The goal is to provide practical and efficient solutions, helping the dairy industry achieve its ambitious goal of net-zero emissions by 2050 while promoting environmental sustainability and combating climate change, thereby protecting water resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Dairy Science Institute Inc has earned a Three-Star rating on Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization exhibits commendable financial management, highlighted by a program expense ratio of 95.32%, indicating that a significant portion of its funding is directed towards its programs. The institute also maintains a low liabilities to assets ratio of 10.22% and has a working capital ratio of 6.43 years, showcasing its financial stability.
However, the organization shows some limitations in governance as indicated by the board structure. With only 40% independent board members and a total of two independent members, this aspect could benefit from improvement to enhance oversight and decision-making processes. Additionally, the absence of tax form disclosures and postings on the nonprofit's website may raise concerns regarding transparency.
On a positive note, Dairy Science Institute Inc is proactive in implementing strong policies, as indicated by its perfect scores in areas such as audit oversight, conflict of interest, and whistleblower protections. These factors contribute to the overall reliability and accountability of the organization, despite the noted areas needing attention in governance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Dairy Science Institute Inc legitimate?
Dairy Science Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dairy Science Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dairy Science Institute Inc?
The Dairy Science Institute Inc, primarily focused on educational and scientific purposes, is dedicated to the advancement of dairy science. It promotes cooperation among entities sharing similar goals and objectives. The institute's Dairy Research Institute (DRI) is actively engaged in conducting research, study, and analysis in dairy science. The findings and best practices are then shared with dairy stakeholders and consumers.
The DRI's sustainability program is committed to supporting scientific research aimed at understanding, measuring, and improving the environmental impact of dairy operations. The research focuses on various areas such as greenhouse gas emissions reduction opportunities, water use efficiency and quality, life cycle assessments, and technology transfer.
In 2021, the Dairy Soil and Water Regeneration project was launched, a collaboration with Dairy Management Inc (DMI) and external organizations, to quantify the impact of certain practices on soil health, greenhouse gas emissions, and water quality. Another initiative, Dairy Scale for Good, also in collaboration with DMI and research organizations, establishes pilot farms across the United States to test and implement sustainable technologies and practices within the dairy industry. This initiative emphasizes education, providing the dairy industry with practical and efficient solutions to achieve its ambitious goal of net-zero emissions by 2050. These initiatives serve the public interest by promoting environmental sustainability, combating climate change, and protecting water resources.
Who is the CEO of Dairy Science Institute Inc?
Unavailable
What is the revenue of Dairy Science Institute Inc?
Dairy Science Institute Inc's revenue in 2022 was $4,318,191.
Who are the executives of Dairy Science Institute Inc and what are their salaries?
There 2 volunteers at Dairy Science Institute Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $658,067
- Other: $62,852
- Compensation: $0
- Related: $422,837
- Other: $67,824
- Compensation: $0
- Related: $5,400
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $51,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dairy Science Institute Inc?
Dairy Science Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dairy Science Institute Inc
Dairy Science Institute Inc, a nonprofit organization dedicated to educational and scientific pursuits in the realm of dairy science, aims to foster cooperation between entities with similar goals. The institute's primary mission is housed within the Dairy Research Institute (DRI), which engages in rigorous dairy science research, study, and analysis. The DRI shares its findings and best practices with dairy stakeholders and consumers, promoting a collective understanding and improvement in the dairy industry.
In line with its mission, Dairy Science Institute Inc has launched several initiatives focused on environmental sustainability and combating climate change. One such project is the "Dairy Soil and Water Regeneration" project, a collaboration with Dairy Management Inc (DMI) and external organizations. This research collaboration aims to quantify the impact of certain practices on soil health, greenhouse gas emissions reduction, and water quality within the dairy industry. Another initiative, "Dairy Scale for Good," also in partnership with DMI and external research organizations, establishes pilot farms across the United States. These pilot farms test and implement sustainable technologies and practices within the dairy industry, providing the industry with practical and efficient solutions to achieve its ambitious goal of net-zero emissions by 2050.
Through these initiatives, Dairy Science Institute Inc serves the public interest by promoting environmental sustainability and protecting water resources. By combating climate change and improving the efficiency of dairy operations, the organization contributes to a healthier planet and a more sustainable future for the dairy industry.
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Impact
October, 2024
Dairy Science Institute Inc plays a pivotal role in advancing the dairy industry through its commitment to educational and scientific initiatives. Its sustainability programs are focused on reducing the environmental impact of dairy operations, addressing critical areas such as greenhouse gas emissions, water use efficiency, and overall sustainability metrics.
Key projects like the "Dairy Soil and Water Regeneration" initiative collaborate with Dairy Management Inc and external organizations to evaluate and promote practices that enhance soil health and water quality while minimizing emissions. The "Dairy Scale for Good" project establishes pilot farms across the U.S. to implement and test sustainable technologies, emphasizing education to help the dairy industry achieve net-zero emissions by 2050.
These efforts not only contribute to climate change mitigation but also ensure the responsible management of water resources, ultimately serving the public interest by promoting environmental sustainability within the dairy sector. The Institute’s research, analysis, and knowledge-sharing initiatives empower dairy stakeholders and consumers alike, fostering a more sustainable future for the industry.
This information is meant to be a general summary of Dairy Science Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $35,292
- Gross Receipts: $4,318,191
Assets and Liabilities:
- Total Assets: $22,817,697
- Total Liabilities: $2,332,275
- Net Assets: $20,485,422
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Organization Details
Founding Year
2010
Phone
(847) 803-2000Main Address
10255 W HIGGINS RD SUITE 900, ROSEMONT, IL, 60018
NTEE Category
Code: K05 - Food
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