Peanut Foundation Inc
- Assets
- $2.0m
- Revenue
- $932.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 06/1987
- Data as of
- 09/2023
- EIN
- 54-1318940
Organization Overview
Peanut Foundation Inc is located in Alexandria, VA. The organization was established in 1987. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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 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 09/2023, Peanut Foundation Inc generated $932.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $999.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Peanut Foundation Inc has awarded 91 individual grants totaling $7,320,359. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROMOTION OF RESEARCH FOR THE IMPROVEMENT OF PEANUT INDUSTRY TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH GRANTS - PEANUT RESEARCH, ON BEHALF OF ALL SEGMENTS OF THE PEANUT INDUSTRY, TO REDUCE COST OF PRODUCTION, CREATE A SAFER PRODUCT, IMPROVE QUALITY, AND IMPROVE HEALTH BENEFITS.
PEANUT GENOME INITIATIVE - A RESEARCH PROGRAM TO MAP THE GENETIC CODE OF THE PEANUT PLANT. THERE IS NO EXPENSE FOR THIS FISCAL YEAR.
PEANUT BUTTER FOR THE HUNGRY - AN INITIATIVE OF THE PEANUT INDUSTRY IN THE UNITED STATES TO HELP MALNOURISHED CHILDREN IN PLACES WHERE RESOURCES ARE LIMITED.
WINTER NURSERY - BREEDING PROGRAM CONDUCTED IN PUERTO RICO DURING THE WINTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Davis Chair | OfficerTrustee | 0.4 | $0 |
Courtney Dorsett Vice Chair | OfficerTrustee | 0.4 | $0 |
Chris Liebold Treasurer/at Large Dir | OfficerTrustee | 0.4 | $0 |
Rachel Santos At Large Director | Trustee | 0.4 | $0 |
Donald Chase At Large Director | Trustee | 0.4 | $0 |
Lindsay Bashore At Large Director | Trustee | 0.4 | $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 | $874,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $874,900 |
| Total Program Service Revenue | $18,883 |
| Investment income | $38,921 |
| 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 | $932,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $791,390 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $80,000 |
| 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 | $100 |
| Fees for services: Accounting | $9,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,435 |
| Advertising and promotion | $0 |
| Office expenses | $3,351 |
| Information technology | $573 |
| 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 | $15,926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $994 |
| All other expenses | $0 |
| Total functional expenses | $999,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,141 |
| Savings and temporary cash investments | $1,508,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $436,500 |
| 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 | $25,000 |
| 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 | $2,015,782 |
| Accounts payable and accrued expenses | $125,693 |
| 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 | $125,693 |
| Net assets without donor restrictions | $447,980 |
| Net assets with donor restrictions | $1,442,109 |
| 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 | $2,015,782 |
Grants Awarded
Over the last fiscal year, Peanut Foundation Inc has awarded $787,982 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON ALPHA INSTITUTE FOR BIOTECHNOLOGY PURPOSE: Research | $46,404 |
LUBBOCK CHRISTIAN UNIVERSITY PURPOSE: Research | $35,101 |
MISSISSIPPI STATE UNIVERSITY PURPOSE: Research | $8,577 |
NORTH CAROLINA STATE UNIVERSITY PURPOSE: Research | $80,281 |
UNIVERSITY OF FLORIDA PURPOSE: Research | $5,970 |
UGA RESEARCH FOUNDATION PURPOSE: Research | $414,252 |