Overview
What is Dairy Management Inc?
Dairy Management Inc, founded in 1995, is a renowned nonprofit organization dedicated to investing dairy producer checkoff funds in strategic marketing programs that boost the consumption of U.S. dairy products domestically and internationally. Based in Rosemont, Illinois, the organization has a workforce of 309 employees. Through coordinated efforts, Dairy Management Inc collaborates with industry leaders in retail, foodservice, e-commerce, and export markets to drive sales growth. Domestically, they have partnered with major foodservice brands like Domino's, McDonald's, and Taco Bell, resulting in consistent annual growth. Additionally, they have launched numerous dairy-based products and initiated collaborations with e-commerce giants like Amazon. Internationally, Dairy Management Inc has expanded export capabilities with dairy cooperatives and global partners, accounting for approximately 18% of total U.S. production. Their efforts have led to significant growth in value-added milk sales and increased U.S. dairy exports, making U.S. dairy a leading choice among international customers.
Official website here: www.dairy.org
Is Dairy Management Inc legitimate?
Dairy Management Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Dairy Management 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: $1,242,415
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,502,600
For more financial information, click here
Official website here: www.dairy.org
What is the mission statement of Dairy Management Inc?
Dairy Management Inc (DMI) is a organizational body formed in 1995 through a collaboration between the National Dairy Promotion and Research Board (NDB) and the United Dairy Industry Association (UDIA). Their primary goal is to invest checkoff funds from dairy producers into strategic, coordinated marketing initiatives. These programs aim to boost the consumption of U.S. dairy products, both domestically and internationally. By merging their efforts, DMI has streamlined processes and eliminated redundancies, leading to increased efficiency and effectiveness in their promotional campaigns.
Official website here: www.dairy.org
Who is the CEO of Dairy Management Inc?
Thomas Gallagher is the CEO of Dairy Management Inc The CEO's salary of Dairy Management Inc is $425,012 and their total compensation is $425,012.
Official website here: www.dairy.org
What is the revenue of Dairy Management Inc?
Dairy Management Inc's revenue in 2023 was $178,261,356.
Official website here: www.dairy.org
Who are the executives of Dairy Management Inc and what are their salaries?
The average compensation at Dairy Management Inc during 2023 was $79,706. There are 323 employees and 75 volunteers at Dairy Management Inc.
Here are 99 key members and their salaries (Dairy Management Inc's CEO's salary is $425,012 and their total compensation is $425,012):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $59,000
- Other: $0
- Compensation: $0
- Related: $900
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,800
- Other: $0
- Compensation: $0
- Related: $1,200
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,600
- Other: $0
- Compensation: $0
- Related: $7,700
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,300
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,100
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,600
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,850
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,800
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,400
- Other: $0
- Compensation: $0
- Related: $2,600
- Other: $0
- Compensation: $0
- Related: $3,300
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $3,800
- Other: $0
- Compensation: $0
- Related: $4,200
- Other: $0
- Compensation: $0
- Related: $4,100
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $8,600
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $3,200
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,800
- Other: $0
- Compensation: $0
- Related: $1,900
- Other: $0
- Compensation: $0
- Related: $2,800
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,700
- Other: $0
- Compensation: $0
- Related: $35,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $800
- Related: $2,600
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,200
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $659,900
- Related: $0
- Other: $57,459
- Compensation: $454,057
- Related: $0
- Other: $70,199
- Compensation: $377,747
- Related: $0
- Other: $52,737
- Compensation: $354,569
- Related: $0
- Other: $47,315
- Compensation: $513,572
- Related: $0
- Other: $51,803
- Compensation: $387,373
- Related: $0
- Other: $40,976
- Compensation: $379,853
- Related: $0
- Other: $75,034
- Compensation: $425,012
- Related: $0
- Other: $0
Official website here: www.dairy.org
Where can I find the form 990 for Dairy Management Inc?
Dairy Management Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dairy.org
Learn more at the official website: www.dairy.org
Mission Statement of Dairy Management Inc
Dairy Management Inc, established in 1995, is a management organization that invests dairy producer checkoff funds into strategic, coordinated marketing programs. Their primary goal is to boost the consumption of U.S. dairy products domestically and internationally. Dairy Management Inc was formed through the merger of the National Dairy Promotion and Research Board (NDB) and the United Dairy Industry Association (UDIA). This collaboration resulted in efficiencies, achieved through the elimination of redundancies and the benefits of joint planning. In simpler terms, Dairy Management Inc serves as a unified platform to oversee and execute marketing initiatives aimed at increasing the demand for dairy products on a global scale.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Dairy Management Inc. (DMI) plays a pivotal role in strengthening the dairy industry by investing dairy producer checkoff funds into strategic marketing initiatives aimed at increasing both domestic and international consumption of dairy products. In recent years, DMI's focus has been on innovative marketing programs and product development, which have proven successful in driving incremental sales and fostering growth.
In 2022, DMI partnered with major players in retail, foodservice, and e-commerce, which included well-known brands such as Domino's, McDonald's, and Taco Bell. These collaborations have consistently yielded impressive results, with an average annual growth rate of 3% in sales for these foodservice partners since the inception of their relationships with DMI. This collaborative approach has not only supported traditional sales but has also spurred substantial innovation; 32 new dairy-based products were launched that year, enriching the marketplace with items like Taco Bell's Toasted Breakfast Burrito and McDonald's Chocolatey Pretzel McFlurry.
DMI's efforts in e-commerce have also shown remarkable success. The organization has strategically worked with platforms like Amazon to enhance visibility and sales of dairy products, resulting in significant dollar sales growth—13.3% for natural cheese and 8.3% for dairy milk. The focus on value-added dairy products has been particularly impactful, contributing to approximately $1 billion growth in value-added milk sales over a five-year span. This growth trajectory has outpaced alternatives, demonstrating a strong consumer preference for real dairy products.
Internationally, DMI's initiatives have facilitated the growth of U.S. dairy exports, which account for 18% of the total U.S. dairy production. By collaborating with dairy cooperatives, international partners like Domino's and Pizza Hut experienced more than 10% growth in U.S. cheese usage between 2019 and 2022. This emphasis on global market expansion solidifies DMI's impact on the industry, ensuring that American dairy products remain a preferred choice worldwide.
Overall, DMI's strategic investments in marketing, innovation, and international partnerships are effectively transforming the dairy landscape, enhancing sales, and promoting the numerous benefits of dairy consumption, all while fostering community improvement opportunities within the industry.
This information is meant to be a general summary of Dairy Management 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 2023.
- Program Service Revenue: $178,261,356
- Gross Receipts: $178,261,356
Assets and Liabilities:
- Total Assets: $25,584,893
- Total Liabilities: $25,584,893
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FUNDING REVENUE
Revenue
$125,647,077
CORE FUNDING REVENUE
Revenue
$43,648,298
CONTRACT SERVICES REVENUE
Revenue
$8,965,981
Organization Details
If you are a representative of Dairy Management Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.
