Peanut Institute Foundation Inc
- Assets
- $932.3k
- Revenue
- $496.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, GA
- Founding
- 04/2008
- Data as of
- 07/2024
- EIN
- 26-1780273
Organization Overview
Peanut Institute Foundation Inc is located in Albany, GA. The organization was established in 2008. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peanut Institute Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, Peanut Institute Foundation Inc generated $496.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $439.1k during the year ending 07/2024. While expenses have increased by 11.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Peanut Institute Foundation Inc has awarded 27 individual grants totaling $1,778,864. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES PRIMARILY FOR NUTRITIONAL RESEARCH OF PEANUTS AND PEANUT PRODUCTS. THIS IS ACCOMPLISHED BY THE MAKING OF DISTRIBUTIONS TO ORGAINZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRS WHOSE ACTIVITIES ARE REALTED TO THE STATED PURPOSE OF THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RESEARCH ON PEANUTS AND PEANUT PRODUCTS THROUGH OUTREACH PROGRAMS AND EDUCATIONAL INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dallas Barnes Trustee | Trustee | 1 | $0 |
George Birdsong Trustee | Trustee | 1 | $0 |
John Gray Trustee | Trustee | 1 | $0 |
Ali Hill Trustee | Trustee | 1 | $0 |
Steve Huber Trustee | Trustee | 1 | $0 |
Charles Birdsong Vice-Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $470,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,144 |
| Total Program Service Revenue | $0 |
| Investment income | $26,697 |
| 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 | $496,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,133 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $217,000 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $439,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $932,314 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $932,314 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $932,314 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $932,314 |
Grants Awarded
Over the last fiscal year, Peanut Institute Foundation Inc has awarded $215,282 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA POLYTECHNIC INSTITUTE PURPOSE: PEANUTS/PB AND MUSCLE GAIN IN ATHLETES | $19,082 |
UNIVERSITY OF DELAWARE PURPOSE: EFFECTS OF PEANUT CONSUMPTION ON CARDIOVASCULAR HEALTH AND COGNITIVE FUNCTION | $25,500 |
AUGUSTA UNIVERSITY PURPOSE: EFFECTS OF PEANUT BUTTER ON SLEEP QUALITY AND DAILY ENERGY LEVELS IN FIRE FIGHTERS | $22,500 |
RUTGERS UNIVERSITY PURPOSE: LONG-TERM COGNITION IN CHILDREN | $84,200 |
VANDERBILT UNIVERSITY MEDICAL CENTER PURPOSE: PEANUTS & HEART | $64,000 |