2024-10-07T10:19:20-05:00 2023-12-31 030225774 GALLAGHER FLYNN & COMPANY LLP 725 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2023-01-01 222990672 HOLSTEIN FOUNDATION INC HOLS 8009525200 PO BOX 816 BRATTLEBORO VT 05302 TERESA THAYER TREASURER 8022544238 2024-10-03 1 0 AMY L WOOD CPA P02457252 8028631331 2024-09-30 2023 2024-10-15 13:58:12Z JOHN M MEYER 1 HOLSTEIN PLACE BRATTLEBORO VT 053020808 1405807 0 X WWW.HOLSTEINFOUNDATION.ORG X 1989 MA TO PROMOTE AND SUPPORT PROGRAMS THAT EDUCATE & DEVELOP LEADERS FOR A VIBRANT DAIRY COMMUNITY. 10 10 0 60 0 0 132567 155950 16315 15845 148958 502348 0 0 297840 674143 0 0 0 0 0 0 0 0 8285 188029 202925 188029 202925 109811 471218 8717370 9892474 52213 88474 8665157 9804000 THE HOLSTEIN FOUNDATION EDUCATES AND DEVELOPS FUTURE LEADERS FOR A VIBRANT DAIRY COMMUNITY. 0 0 126830 15845 THE HOLSTEIN FOUNDATION (THE FOUNDATION) PROVIDES YOUTH PROGRAMS THAT ENHANCE DAIRY KNOWLEDGE, PROVIDE NETWORKING OPPORTUNITIES, TEACH TEAMWORK AND FOSTER DECISION-MAKING SKILLS. THE GOAL IS TO STRENGTHEN YOUNG ADULT LEADERS' SKILLS IN MEDIA RELATIONS, BOARD LEADERSHIP, AND THE PUBLIC POLICY PROCESS TO PREPARE THEM TO ADDRESS THE FULL RANGE OF ISSUES FACING RURAL AMERICA. 126830 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 PA MI CA X X TERESA THAYER HOLSTEIN FOUNDATION INC 8024514294 PO BOX 816 BRATTLEBORO VT 053020816 JONATHAN LAMB TRUSTEE 1.00 X 0 12150 0 DR CHRIS KEIM VICE CHAIR 1.00 X 0 0 0 MICHELE RUBY CHAIR 1.00 X 0 0 0 DIETER KRIEG TRUSTEE 1.00 X 0 0 0 DAVE FISCHER TRUSTEE 1.00 X 0 0 0 MATT IAGER DVM SECRETARY 1.00 X 0 0 0 JOHN BURKET TRUSTEE 1.00 X 0 9900 0 NATE JANSSEN TRUSTEE 1.00 X 0 0 0 TIM PEROTTI TRUSTEE 1.00 X 0 0 0 NICK RANDAL TRUSTEE 1.00 X 0 0 0 JOHN MEYER ADMINISTRATOR 1.00 39.00 X 0 354210 39779 TERESA K THAYER TREASURER 1.00 39.00 X 0 107130 29689 0 483390 69468 0 0 1 0 0 100 155850 155950 YOUTH PROGRAMS FEES 611710 15845 15845 15845 496327 496327 737685 731664 6021 6021 6021 674143 15845 0 502348 52504 28841 18018 5645 10500 10500 29129 29129 14859 7625 6022 1212 1428 1428 4141 4141 90364 90364 202925 126830 67810 8285 109770 143995 156646 160343 17812 34317 8797 8989 8424345 9544830 8717370 9892474 5532 12413 14500 39500 32181 36561 52213 88474 X 1545644 1728202 7119513 8075798 8665157 9804000 8717370 9892474 471218 667625 0 X X 0 1 X 1 0 X X 1 HOLSTEIN ASSOCIATION USA INC 030130760 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, 3B THE FOUNDATION RECEIVED A COPY OF HOLSTEIN ASSOCIATION USA, INC.'S IRS DETERMINATION LETTER SHOWING IT IS A 501(C)(5) ORGANIZATION. THE FOUNDATION ALSO PERFORMS AN ANNUAL CALCULATION TO VERIFY THAT HOLSTEIN ASSOCIATION USA, INC. (THE ASSOCIATION) MEETS THE PUBLIC SUPPORT TEST AS AN ORGANIZATION DESCRIBED IN SECTION 509 (A)(2). PART IV, 3C MANAGEMENT OF THE ASSOCIATION AND FOUNDATION JOINTLY REVIEW SUPPORTED ACTIVITIES AT MINIMUM ON AN ANNUAL BASIS TO ENSURE PROGRAMS MEET THE ORGANIZATIONS' STATED CHARITABLE PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 8408973 38781 1166050 25002 29129 9559673 9896515 44650 -1489608 14134 28450 8408973 8776857 20700 1139311 9417 30936 9896515 7720794 3990 1097749 20585 25091 8776857 6387735 6361 1385371 35105 23568 7720794 0.18070 0.37020 0.44910 0 0 0 X 1323659 667625 11020 678645 645014 29129 29129 674143 184816 11020 11020 173796 29129 29129 202925 PART IV, LINE 2B: THE FOUNDATION HOLDS AND INVESTS AMOUNTS RECEIVED FOR A SCHOLARSHIP FUND, WHICH IS DIRECTED AND MANAGED BY THE ASSOCIATION. TOTAL RETURNS (LOSSES) ON RELATED INVESTEMENTS INCREASE (DECREASE) THE LIABILITY, WHEREAS DISBURSEMENTS DECREASE THE LIABILITY. PART V, LINE 4: ENDOWMENT FUND NET ASSETS INCLUDE FUNDS PERMANENTLY RESTRICTED FOR INVESTMENT PURPOSES, AND THE RELATED EARNINGS ("TERM ENDOWMENT") WHICH ARE TO BE USED FOR THE PURPOSES SET FORTH BY THE DONORS. EARNINGS ON INVESTMENTS IN DONOR RESTRICTED ENDOWMENT FUNDS ARE RESTRICTED FOR USE IN THE YOUNG DAIRY LEADERS' INSTITUTE, OTHER PROGRAMS AND GENERAL OPERATIONS. OTHER ENDOWMENT FUNDS NOT RESTRICTED BY DONORS ARE USED TO FUND GENERAL OPERATIONS. PART X, LINE 2: EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE FOUNDATION HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE FOUNDATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED. WITH FEW EXCEPTIONS, THE FOUNDATION IS SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR THE MOST RECENT THREE YEARS. X X X X 0 0 0 0 0 0 0 0 0 JOHN MEYER ADMINISTRATOR 0 354210 0 0 0 0 0 0 0 39779 0 393989 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE HOLSTEIN ASSOCIATION USA, INC. (THE ASSOCIATION), A NOT-FOR-PROFIT MEMBER ASSOCIATION OF HOLSTEIN DAIRY CATTLE BREEDERS, IS THE FOUNDATION'S SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION HAS THE RESPONSIBILITY OF APPOINTING THE FOUNDATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION MUST APPROVE DECISIONS OF THE GOVERNING BODY CONCERNING THE FOLLOWING BY-LAW CHANGES: THE PURPOSE OF THE FOUNDATION; MEMBERSHIP OF THE FOUNDATION; PROHIBITION OF PAYMENTS TO TRUSTEES (EXCEPT REIMBURSEMENT FOR REASONABLE EXPENSES); THE NUMBER, QUALIFICATIONS OR TERMS OF TRUSTEES; THE APPOINTMENT, RESIGNATION OR REMOVAL OF TRUSTEES; AND THE PROCEDURES FOR FILLING TRUSTEE VACANCIES. FORM 990, PART VI, SECTION B, LINE 11B AT THE ASSOCIATION'S BOARD OF DIRECTOR'S MEETING, THE ASSOCIATION'S CHIEF FINANCIAL OFFICER MAKES THE FOUNDATION'S FORM 990 AVAILABLE TO ALL DIRECTORS AND REVIEWS THE FORM WITH THOSE DIRECTORS IN ATTENDANCE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY DISCLOSURE STATEMENT ANNUALLY. OFFICERS AND TRUSTEES CAREFULLY REVIEW THE STATEMENTS FOR POTENTIAL CONFLICTS OF INTEREST. THE CHAIR AND VICE-CHAIR ARE NOTIFIED OF ANY POTENTIAL CONFLICTS IDENTIFIED ON THE DISCLOSURE STATEMENTS. IF A CONFLICT ARISES, THOSE INDIVIDUALS ARE NOT ALLOWED TO VOTE OR HAVE INPUT ON THE SUBJECT MATTER AND MUST EXCUSE THEMSELVES FROM DELIBERATIONS AND DECISION- MAKING. IF THE INDIVIDUAL DOES NOT IMMEDIATELY EXCUSE HIM OR HERSELF, ANY MEMBER OF THE BOARD OF TRUSTEES CAN REQUEST THAT PERSON BE REMOVED BEFORE ANY DISCUSSIONS OR VOTING OCCURS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF THE PARENT COMPANY, HOLSTEIN ASSOCIATION USA, INC. (THE ASSOCIATION), MEETS ANNUALLY IN NOVEMBER TO GIVE THE CEO OF THE ASSOCIATION (THE FOUNDATION'S ADMINISTRATOR) HIS ANNUAL REVIEW, DETERMINE HIS COMPENSATION FOR THE FOLLOWING CALENDAR YEAR, AND INITIATE A NEW WRITTEN EMPLOYMENT CONTRACT. COMPENSATION IS DETERMINED BY MEETING THE ASSOCIATION AND FOUNDATION'S GOALS AND OBJECTIVES FOR THE YEAR AND BY COMPARING COMPENSATION OF OTHER CEO'S THROUGH REVIEW OF FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION STUDIES. THE CFO OF THE ASSOCIATION DETERMINES COMPENSATION FOR THE ASSOCIATION'S CONTROLLER (THE FOUNDATION'S TREASURER) ANNUALLY IN JULY. THE CFO COMPLETES THE ANNUAL REVIEW FORM AND DETERMINES COMPENSATION BASED ON THE PREVIOUS YEAR'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 990 IS AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR.COM WEBSITE. THE AUDITED FINANCIAL STATEMENTS OF THE FOUNDATION ARE PUBLISHED ON THE FOUNDATION'S WEBSITE AND INCLUDED IN THE FOUNDATION'S ANNUAL REPORT WHICH IS DISTRIBUTED TO PAST, CURRENT AND PROSPECTIVE DONORS, VOLUNTEERS AND TRUSTEES. FORM 990, PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR. HOLSTEIN ASSOCIATION USA INC 1 HOLSTEIN PLACE BRATTLEBORO VT 053020808 030130760 SEE PART VII SUPPLEMENTAL INFORMATION NY 501(C)(5) 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 PART II (B) PRIMARY ACTIVITY LEADERSHIP, INFORMATION, AND SERVICES TO HELP MEMBERS AND DAIRY PRODUCERS WORLDWIDE TO BE SUCCESSFUL.