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Nonprofiteer
← MIDSOUTH GRAIN INSPECTION SERVICES

Form 990 for tax year 2025

Filed by MIDSOUTH GRAIN INSPECTION SERVICES.

Totals

Total revenue
$5,577,438
Total expenses
$5,666,318
Contributions and grants received
$0
Grants paid
$38,250
Program service revenue
$5,385,645
Investment income
$179,793
Other revenue
$12,000
Total assets, end of year
$2,819,398
Total liabilities, end of year
$765,849
Net assets or fund balances, end of year
$2,053,549
Program services expenses (Part IX)
$4,282,076
Management and general expenses
$1,384,242
Fundraising expenses
$0
Program service expenses (Part III)
$4,282,076

Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Grain Sales

    total $15,770 · related or exempt $15,770

  • 2b · Program service revenue: Inspection Fees

    total $5,369,875 · related or exempt $5,369,875

  • 3 · Investment income

    total $32,356 · related or exempt $32,356

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $198,635

  • 7b · Less cost or other basis and sales expenses

    securities $51,198

  • 7c · Gain or loss

    securities $147,437

  • 7d · Net gain or loss

    total $147,437 · related or exempt $147,437

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Rental

    total $12,000 · related or exempt $12,000

  • 11e · Other revenue, total

    $12,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,250 · program services $38,250

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $366,000 · management and general $366,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,305,268 · program services $2,786,359 · management and general $518,909

  • 8 · Pension plan contributions

    total $64,219 · program services $42,093 · management and general $22,126

  • 9 · Other employee benefits

    total $243,758 · program services $176,314 · management and general $67,444

  • 10 · Payroll taxes

    total $294,685 · program services $243,959 · management and general $50,726

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $12,467 · management and general $12,467

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total -$8,060 · management and general -$8,060

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $119,862 · program services $48,003 · management and general $71,859

  • 14 · Information technology

    total $37,392 · program services $25,817 · management and general $11,575

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $89,821 · program services $83,529 · management and general $6,292

  • 17 · Travel

    total $101,055 · program services $38,410 · management and general $62,645

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $991 · management and general $991

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $35,546 · program services $31,429 · management and general $4,117

  • 23 · Insurance

    total $163,338 · program services $161,041 · management and general $2,297

  • 24a · Other expenses: Vehicle and Mileage

    total $442,631 · program services $390,736 · management and general $51,895

  • 24b · Other expenses: Supplies

    total $175,249 · program services $144,540 · management and general $30,709

  • 24c · Other expenses: Directors Board meetings/conf

    total $47,189 · management and general $47,189

  • 24d · Other expenses: Contributions

    total $37,778 · management and general $37,778

  • 24e · All other expenses

    total $98,879 · program services $71,596 · management and general $27,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $437,524 · end of year $338,315

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $389,438 · end of year $549,239

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,338 · end of year $125,377

  • 10a · Land, buildings and equipment: cost or other basis

    $973,568

  • 10b · Land, buildings and equipment: accumulated depreciation

    $801,580

  • 10c · Land, buildings and equipment, net

    beginning of year $90,361 · end of year $171,988

  • 11 · Investments: publicly traded securities

    beginning of year $1,683,764 · end of year $1,634,479

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $542,995 · end of year $765,849

  • 25 · Other liabilities

    beginning of year $1

  • 27 · Net assets without donor restrictions

    beginning of year $2,142,429 · end of year $2,053,549

Mission and programs · 2025

Mission

TO PROVIDE INSPECTION SERVICES FOR THE GRAIN COMMODITY MARKET IN THE MIDSOUTH REGION PURSUANT TO ITS DESIGNATION FROM THE UNITED STATES DEPARTMENT OF AGRICULTURE

  • TO PROVIDE INSPECTION SERVICES FOR THE GRAIN COMMODITY MARKET IN THE MIDSOUTH REGION PURSUANT TO ITS DESIGNATION FROM THE UNITED STATES DEPARTMENT OF AGRICULTURE

    Expenses $4,282,076 · Grants $38,250 · Revenue $5,577,438

As filed on the 2025 return.

Listed in Part VII

  • Joseph Cupples

    Vice President

    Total calculated
    $247,218
    From this org
    $215,454
    From related orgs
    $0
    Other
    $31,764
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $101,135
    Bonus
    $114,319
    Other
    not reported
    Deferred
    $4,542
    Nontaxable benefits
    $27,222
    Filer's total
    $247,218

  • James Rossetti

    CFO

    Total calculated
    $181,895
    From this org
    $165,000
    From related orgs
    $0
    Other
    $16,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $90,000
    Bonus
    $75,000
    Other
    not reported
    Deferred
    $6,600
    Nontaxable benefits
    $10,295
    Filer's total
    $181,895

  • Ricky Hickman

    COO

    Total calculated
    $112,776
    From this org
    $90,691
    From related orgs
    $0
    Other
    $22,085
    Hours/week
    50

  • Ken Arnold

    Director

    Total calculated
    $37,000
    From this org
    $37,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lindsay Reid

    President

    Total calculated
    $37,000
    From this org
    $37,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Owen Reid

    Director

    Total calculated
    $37,000
    From this org
    $37,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dian Berryman Mcquire

    Director

    Total calculated
    $37,000
    From this org
    $37,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Seldon Murray

    Vice President

    Total calculated
    $37,000
    From this org
    $37,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Colby

    Director

    Total calculated
    $31,000
    From this org
    $31,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2025
Filed
28 July 2026
IRS schema version
2025v4.1
Source object
202622099349301122

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