| Return Reference | Explanation |
|---|---|
| FORM 990, HEADING LINE A: | PURSUANT TO REVENUE PROCEDURE 85-58, THE ORGANIZATION CHANGED ITS YEAR END FROM SEPTEMBER 30 TO DECEMBER 31 BY FILING THIS FORM 990. THIS FORM 990 REFLECTS THE SHORT PERIOD OCTOBER 1, 2024 - DECEMBER 31, 2024. |
| FORM 990, PART VI, SECTION A, LINE 3 | MAGAGEMENT DELEGATED - EDGE DAIRY COOPERATIVE IS CONTRACTED TO PERFORM MANAGEMENT DUTIES ON BEHALF OF MINNESOTA MILK PRODUCERS ASSOCIATION WITH RESPECT TO STATE TRADE ASSOCIATIONS WITH WHICH IT HAS CONTRACTS. TWO OFFICERS WERE COMPENSATED BY THE MANAGEMENT COMPANY IN 2024: LUCAS SJOSTROM, EXECUTIVE DIRECTOR $91,767 AND ANDY KAMENICK, FINANCE DIRECTOR, $10,723. |
| FORM 990, PART VI, SECTION A, LINE 6 | CLASSES OF MEMBERS - ACTIVE MILK PRODUCER MEMBERS ARE THE ONLY MEMBERS WHO VOTE FOR DIRECTORS SERVING ON THE BOARD OF DIRECTORS AND WHO VOTE ON DECISIONS OF THIS GOVERNING BODY, AS DEEMED APPROPRIATE BY THIS BODY. |
| FORM 990, PART VI, SECTION A, LINE 7A | ELECTION OF GOVERNING BODY - ACTIVE MILK PRODUCER MEMBERS HAVE ONE VOTE PER MEMBERSHIP FOR DIRECTORS SERVING ON THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS SUBJECT TO APPROVAL OF MEMBERS - ACTIVE MILK PRODUCER MEMBERS VOTE FOR DIRECTORS SERVING ON THE BOARD OF DIRECTORS AND ADOPT ANY AMENDMENTS TO THE BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 8B | COMMITTEES DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS TO REVIEW FORM 990 - THE 990 IS REVIEWED BY THE BOARD OF DIRECTORS AT A MEETING OF THE DIRECTORS AND APPROVED BY THE DIRECTORS AS SOON AS PRACTICABLY FEASIBLE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ENFORCEMENT OF CONFLICTS POLICY - THE ASSOCIATION REQUIRES EACH CONTINUING DIRECTOR AND OFFICER TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. NEW DIRECTORS AND OFFICERS ARE REQUIRED TO SIGN THIS DISCLOSURE UPON BEING ELECTED/APPOINTED. THE DISCLOSURE STATEMENT INCLUDES A STATEMENT REQUIRING THESE PERSONS TO DISCLOSE ANY POTENTIAL CONFLICTS THEY BECOME AWARE OF TO THE PRESIDENT ON AN ONGOING BASIS, AS THEY BECOME AWARE OF THEM. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CONTRIBUTIONS RECEIVABLE WRITE-OFFS -2,250. |
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