Qualisoy Incorporated
- Assets
- $495.1k
- Revenue
- $75.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chesterfield, MO
- Founding
- 09/2006
- Data as of
- 02/2017
- EIN
- 20-1498786
Organization Overview
Qualisoy Incorporated is located in Chesterfield, MO. The organization was established in 2006. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. Qualisoy Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 02/2017, Qualisoy Incorporated generated $75.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (65.2%) each year. All expenses for the organization totaled $225.1k during the year ending 02/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT THE FOOD INDUSTRY AND CONSUMERS BY EXPEDITING THE DEVELOPMENT AND COMMERCIAL INTRODUCTION OF MORE NATURALLY STABLE AND HEALTHIER SOYBEAN OILS AND MEALS WITH LITTLE OR NO HYDROGENATION. TO ESTABLISH AND COMMUNICATE THE FUNCTIONALITY SCREEN OF MARKET-DRIVEN TRAITS TO ENGAGE FOOD COMPANIES IN PRODUCT ASSESSMENT. ADDRESS RESEARCH GAPS INDENTIFIEND BY FDA AND/OR INDUSTRY COALITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATION-TARGETED COMMUNICATION AND MARKET RESEARCH TO BENEFIT THE FOOD INDUSTRY AND CONSUMERS WITH MORE NATURALLY STABLE AND HEALTHIER SOYBEAN OILS AND OTHER SOYBEAN PRODUCTS. CONTINUE AWARENESS BUILDING EFFORTS FOR QUALISOY AND SPECIFIC FOCUS ON GAINING SUPPORT FROM SOYBEAN GROWERS.
TRAIT VALUE/MARKET STANDARDS-INVOLVES ACTIVITIES THAT IMPACT ASSESSMENT DUE TO TRANS-FAT LABELING AND SATURATED FAT. MARKET VALUE ASSESSMENT FOR IMPROVED METABOLIZABLE ENERGY, REDUCED PHYTATE-PHOSPHOURUS AND INCREASED LYSINE CONTENT. TECHNOLOGY ASSESSMENT FOR POTENTIAL MARKET-DRIVEN TRAITS TO INCLUDE EXISTING DEVELOPMENTAL KNOWLEDGE, POTENTIAL RESEARCH NEEDS, AND INTELLECTUAL PROPERTY POSITION.
RESEARCH & DEVELOPMENT-ACTIVITIES TO BENEFIT THE FOOD INDUSTRY AND CONSUMERS BY EXPEDITING THE DEVELOPMENT AND COMMERCIAL INTRODUCTION OF MORE NATURALLY STABLE AND HEALTHIER SOYBEAN OILS AND MEALS WITH LITTLE OR NO HYDROGENATION. DEFINE RESEARCH FOCUS AREAS TO ADDRESS EXISTING AND EMERGING MARKET BARRIERS. ESTABLISH A FUNCTIONALITY SCREEN OF MARKET-DRIVEN TRAILS TO ENGAGE FOOD COMPANIES IN PRODUCT ASSESSMENT. ADDRESS RESEARCH GAPS IDENTIFINED BY FDA AND/OR INDUSTRY COALITION.
LEGISLATIVE-ACHIEVE GOVERNMENT SUPPORT THROUGH A COORDINATED EFFORT INVOLVING STATE AND FEDERAL GROWER ORGANIZATIONS AND TARGETED FOOD INDUSTRY ASSOCIATIONS. HOLD INITIAL DISCUSSIONS WITH THE AMERICAN SOYBEAN ASSOCIATION TO DEVELOP A LEGISLATIVE PLAN TO SUPPORT QUALISOY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Becherer CEO | OfficerTrustee | 3 | $0 |
Dale Profit Vice President | OfficerTrustee | 1 | $0 |
Russ Sanders Director | Trustee | 1 | $0 |
Don Latham Director | Trustee | 1 | $0 |
Robert Collette Chairman | Trustee | 1 | $0 |
Jane Ade Stevens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,131 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,131 |
| Total Program Service Revenue | $0 |
| Investment income | $267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,696 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,296 |
| All other expenses | $0 |
| Total functional expenses | $225,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,194 |
| Savings and temporary cash investments | $354,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,396 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $495,106 |
| Accounts payable and accrued expenses | $38,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,109 |
| Unrestricted restricted net Assets | $221,997 |
| Temporarily restricted net Assets | $235,000 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $456,997 |