Civic Intelligence

Unisouth Genetics Inc

990 • Fiscal year 2023 • EIN 62-1710180

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 17, 2024

3205-c Hwy 46 SDickson, TN 37055

(615) 242-0467

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.15x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

0.87x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Net Margin

26th percentile

-2.3%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Asset Growth

31st percentile

0.5%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-25%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,758,118

Up $8,178 (+0.5%) from 2022

Net Assets

Down

$1,489,220

Down $7,224 (-0.5%) from 2022

Liabilities

Up

$268,898

Up $15,402 (+6.1%) from 2022

Revenue

Down

$309,426

Down $103,369 (-25%) from 2022

Expenses

Up

$316,650

Up $14,828 (+4.9%) from 2022

Net Income

Down

-$7,224

Down $118,197 (-107%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,871,318Liabilities 2010: $649,570Net Assets 2010: $1,221,7482010Assets 2013: $2,162,045Liabilities 2013: $889,394Net Assets 2013: $1,272,6512013Assets 2014: $1,630,126Liabilities 2014: $410,894Net Assets 2014: $1,219,2322014Assets 2015: $1,983,817Liabilities 2015: $724,832Net Assets 2015: $1,258,9852015Assets 2016: $2,055,325Liabilities 2016: $657,475Net Assets 2016: $1,397,8502016Assets 2017: $1,820,388Liabilities 2017: $492,336Net Assets 2017: $1,328,0522017Assets 2019: $1,960,946Liabilities 2019: $651,273Net Assets 2019: $1,309,6732019Assets 2020: $1,840,494Liabilities 2020: $507,242Net Assets 2020: $1,333,2522020Assets 2021: $1,680,927Liabilities 2021: $295,456Net Assets 2021: $1,385,4712021Assets 2022: $1,749,940Liabilities 2022: $253,496Net Assets 2022: $1,496,4442022Assets 2023: $1,758,118Liabilities 2023: $268,898Net Assets 2023: $1,489,2202023Assets 2024: $1,617,557Liabilities 2024: $155,326Net Assets 2024: $1,462,2312024Assets 2025: $2,149,948Liabilities 2025: $446,554Net Assets 2025: $1,703,3942025

Highlighted filing

2023

Assets$1,758,118
Liabilities$268,898
Net Assets$1,489,220

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $375,1782010Expenses 2013: $296,9372013Revenue 2014: $276,771Expenses 2014: $330,190Net Income 2014: -$53,4192014Revenue 2015: $320,320Expenses 2015: $280,567Net Income 2015: $39,7532015Revenue 2016: $443,073Expenses 2016: $304,208Net Income 2016: $138,8652016Revenue 2017: $305,850Expenses 2017: $375,648Net Income 2017: -$69,7982017Revenue 2019: $348,584Expenses 2019: $310,597Net Income 2019: $37,9872019Revenue 2020: $312,811Expenses 2020: $289,232Net Income 2020: $23,5792020Revenue 2021: $338,987Expenses 2021: $286,769Net Income 2021: $52,2182021Revenue 2022: $412,795Expenses 2022: $301,822Net Income 2022: $110,9732022Revenue 2023: $309,426Expenses 2023: $316,650Net Income 2023: -$7,2242023Revenue 2024: $292,511Expenses 2024: $319,501Net Income 2024: -$26,9902024Revenue 2025: $539,253Expenses 2025: $298,090Net Income 2025: $241,1632025

Highlighted filing

2023

Revenue$309,426
Expenses$316,650
Net Income-$7,224
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 17, 2024
Return Version
2022v5.0
Gross Receipts
$1,162,904
Mission and Program Overview

Mission

Produce, promote and market new varieties of plant species in cooperation with various crop breeding programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$225,397$818,884▲ $593,487
Cash and Non-Interest-Bearing Accounts$833,713$443,321▼ $390,392
Prepaid Expenses and Deferred Charges$358,607$244,506▼ $114,101
Accounts Receivable$311,033$219,899▼ $91,134
Inventories for Sale or Use$21,190$31,508▲ $10,318
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$1,749,940$1,758,118▲ $8,178
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$253,496$268,898▲ $15,402
Total Liabilities$253,496$268,898▲ $15,402
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,496,444$1,489,220▼ $7,224
Total Net Assets Fund Balance$1,496,444$1,489,220▼ $7,224
Total Liabilities and Net Assets / Fund Balance$1,749,940$1,758,118▲ $8,178

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,299$2,299
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin AndersonChairman
Stacy BurwickPresident
A O RobertsDirector
Brad StancilDirector
David HulaDirector
Deke DeweeseDirector
Jim ClarkDirector
Randy VaughnDirector
Richard ArnettDirector
Trey HurtDirector
James Matthew YoungSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,500
Investment Income
$26,319
Other Revenue
$262,607
Change in Net Assets
$-7,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$309,426
Revenue Not Reported on Form 990
$853,478
Total Revenue per Audited Statements
$1,162,904
Total Revenue per Form 990
$309,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$316,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$187,650$20,850-$208,500
Advertising$44,816--$44,816
Travel$15,626--$15,626
Fees for Services Accounting-$12,500-$12,500
Office Expenses$7,068--$7,068
Other Expenses$3,007$9,052-$3,007
Occupancy$2,655--$2,655
Total Functional Expenses$274,248$42,402$0$316,650

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,170,128
Expenses Not Reported on Form 990$853,478
Expenses per Audited Statements$316,650
Total Expenses per Form 990$316,650
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tn Crop Improvement AssocManagementOffice Space/laborNo$208,500

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The members of the organization are all agricultural product or services producing, promoting or distribution entities. Management and operation of the organization are provided by tennessee crop improvement association (tcia)at an agreed upon fee. The organization also reimburses tcia for direct costs other than personnel costs. Management fees of $208,500 were paid to tcia during the year ended september 30, 2023.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the president and treasurer before being signed and filed with the internal revenue service.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Unisouth Genetics Inc
EIN
62-1710180
Phone
6152420467
Address
3205-C HWY 46 S, DICKSON, TN 37055

Signing Officer

Name
Stacy Burwick
Title
President
Signed
2024-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacy Burwick
Formed
1997
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
AJ CPAs PLLC
Address
215 Centerview Drive Ste 250, Brentwood, TN 37027
Preparer
Christopher H Grayson CPA
Phone
6156787173
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cogs presented as expenses on f/s $853478

Part XII, Line 2D: Other expenses and losses per audited F/S

Cogs presented as expenses on f/s $853478

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09052
IRS990/OtherExpensesGrp/ProgramServicesAmt08315
IRS990/OtherExpensesGrp/ProgramServicesAmt15111
IRS990/OtherExpensesGrp/ProgramServicesAmt23007
IRS990/OtherExpensesGrp/TotalAmt09052
IRS990/OtherExpensesGrp/TotalAmt18315
IRS990/OtherExpensesGrp/TotalAmt25111
IRS990/OtherExpensesGrp/TotalAmt33007
IRS990/OtherRevenueMiscGrp/BusinessCd0110000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04398
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04398
IRS990/OtherRevenueTotalAmt04398
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0358607
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0244506
IRS990/PrincipalOfficerNm0STACY BURWICK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0111000
IRS990/ProgramServiceRevenueGrp/Desc0LICENSE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01062
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0301822
IRS990/PYOtherRevenueAmt0391933
IRS990/PYProgramServiceRevenueAmt019800
IRS990/PYRevenuesLessExpensesAmt0110973
IRS990/PYTotalExpensesAmt0301822
IRS990/PYTotalRevenueAmt0412795
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-7224
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt020500
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0225397
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0818884
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02299
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02299
IRS990ScheduleD/ExpensesNotReportedAmt0853478
IRS990ScheduleD/ExpensesSubtotalAmt0316650
IRS990ScheduleD/OtherExpensesIncludedAmt0853478
IRS990ScheduleD/OtherRevenueAmt0853478
IRS990ScheduleD/RevenueNotReportedAmt0853478
IRS990ScheduleD/RevenueSubtotalAmt0309426
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COGS PRESENTED AS EXPENSES ON F/S $853478
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COGS PRESENTED AS EXPENSES ON F/S $853478
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt0316650
IRS990ScheduleD/TotalRevenuePerForm990Amt0309426
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01162904
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01170128
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TN CROP IMPROVEMENT ASSOC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MANAGEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0208500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OFFICE SPACE/LABOR
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE ORGANIZATION ARE ALL AGRICULTURAL PRODUCT OR SERVICES PRODUCING, PROMOTING OR DISTRIBUTION ENTITIES. MANAGEMENT AND OPERATION OF THE ORGANIZATION ARE PROVIDED BY TENNESSEE CROP IMPROVEMENT ASSOCIATION (TCIA)AT AN AGREED UPON FEE. THE ORGANIZATION ALSO REIMBURSES TCIA FOR DIRECT COSTS OTHER THAN PERSONNEL COSTS. MANAGEMENT FEES OF $208,500 WERE PAID TO TCIA DURING THE YEAR ENDED SEPTEMBER 30, 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE PRESIDENT AND TREASURER BEFORE BEING SIGNED AND FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01749940
IRS990/TotalAssetsEOYAmt01758118
IRS990/TotalAssetsGrp/BOYAmt01749940
IRS990/TotalAssetsGrp/EOYAmt01758118
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042402
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0274248
IRS990/TotalFunctionalExpensesGrp/TotalAmt0316650
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0253496
IRS990/TotalLiabilitiesEOYAmt0268898
IRS990/TotalLiabilitiesGrp/BOYAmt0253496
IRS990/TotalLiabilitiesGrp/EOYAmt0268898
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01496444
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01489220
IRS990/TotalProgramServiceExpensesAmt0274248
IRS990/TotalProgramServiceRevenueAmt020500
IRS990/TotalRevenueGrp/ExclusionAmt026319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0283107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0309426
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01749940
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01758118
IRS990/TravelGrp/ProgramServicesAmt015626
IRS990/TravelGrp/TotalAmt015626
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03205-C HWY 46 S
IRS990/USAddress/CityNm0DICKSON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037055
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STACY BURWICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNISOUTH GENETICS INC
ReturnHeader/Filer/BusinessNameControlTxt0UNIS
ReturnHeader/Filer/EIN0621710180
ReturnHeader/Filer/PhoneNum06152420467
ReturnHeader/Filer/USAddress/AddressLine1Txt03205-C HWY 46 S
ReturnHeader/Filer/USAddress/CityNm0DICKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037055
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462034917
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AJ CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0215 Centerview Drive Ste 250

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