American Peanut Council Inc
- Assets
- $2.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Alexandria, VA
- Founding
- 05/1946
- Data as of
- 09/2021
- EIN
- 53-0190322
Organization Overview
American Peanut Council Inc is located in Alexandria, VA. The organization was established in 1946. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, American Peanut Council Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Peanut Council Inc 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 09/2021, American Peanut Council Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.9m during the year ending 09/2021. While expenses have increased by 1.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN PEANUT COUNCIL OFFERS A FORUM AND UNIFIED VOICE FOR THE PEANUT SUPPLY CHAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL PROMOTION - PROMOTES THE USE OF U.S. GROWN PEANUTS ABROAD.
DOMESTIC PROMOTION - PROMOTES THE USE OF U.S. GROWN PEANUTS IN THE U.S.A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Patrick Archer President (until Feb 2021) | Officer | 50 | $255,100 |
Stephanie C Grunenfelder Senior Vice-President | Officer | 40 | $190,276 |
Sid Levy Past Chair | OfficerTrustee | 3 | $0 |
Karl Zimmer Chair-Elect | OfficerTrustee | 3 | $0 |
Monty Rast Immediate Past Chair | OfficerTrustee | 3 | $0 |
Andy Bell Chair, Apc Export Committee | OfficerTrustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,828,730 |
| Investment income | $1,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,770 |
| Net Gain/Loss on Asset Sales | -$4,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,863,109 |
| 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. | $572,766 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,883 |
| Pension plan accruals and contributions | $18,249 |
| Other employee benefits | $25,949 |
| Payroll taxes | $56,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,100 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,778 |
| Advertising and promotion | $0 |
| Office expenses | $39,046 |
| Information technology | $4,645 |
| Royalties | $0 |
| Occupancy | $41,949 |
| Travel | $14,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,030 |
| Insurance | $7,074 |
| All other expenses | $62,055 |
| Total functional expenses | $4,947,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,245 |
| Savings and temporary cash investments | $1,430,694 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $789,215 |
| 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 | $102,891 |
| Net Land, buildings, and equipment | $69,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,565,849 |
| Accounts payable and accrued expenses | $279,827 |
| Grants payable | $0 |
| Deferred revenue | $140,745 |
| 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 | $420,572 |
| Net assets without donor restrictions | $2,145,277 |
| 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 | $2,565,849 |
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Maryland State Fair And Agricultural Society Inc Timonium, MD | $17,597,510 | $10,711,144 |
National Automatic Merchandising Association Arlington, VA | $9,038,730 | $6,619,737 |
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American Apparel And Footwear Association Washington, DC | $9,685,300 | $5,859,062 |
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