Form 990 for tax year 2022
Filed by PEANUT INSTITUTE FOUNDATION INC.
Totals
- Total revenue
- $462,846
- Total expenses
- $404,587
- Contributions and grants received
- $459,901
- Grants paid
- $404,587
- Program service revenue
- $0
- Investment income
- $2,945
- Other revenue
- $0
- Total assets, end of year
- $874,606
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $874,606
- Program services expenses (Part IX)
- $404,587
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $404,587
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$459,901
-
3 · Investment income
total $2,945 · excluded $2,945
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $205,087 · program services $205,087
-
3 · Grants to foreign organizations and individuals
total $199,500 · program services $199,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $816,347 · end of year $874,606
-
27 · Net assets without donor restrictions
beginning of year $816,347 · end of year $874,606
Mission and programs · 2022
Mission
TO PROVIDE RESEARCH ON PEANUTS AND PEANUT PRODUCTS.
Activities or mission (Part I)
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.
-
PROVIDED RESEARCH ON PEANUTS AND PEANUT PRODUCTS THROUGH OUTREACH PROGRAMS AND EDUCATIONAL INITIATIVES.
Expenses $404,587 · Grants $404,587
As filed on the 2022 return.
Listed in Part VII
-
Dallas BarnesDALLAS BARNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
George BirdsongGEORGE BIRDSONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John GrayJOHN GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Ali HillALI HILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Steve HuberSTEVE HUBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Charles BirdsongCHARLES BIRDSONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Donald ChaseDONALD CHASE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Victor NwosuVICTOR NWOSU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris LeiboldCHRIS LEIBOLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clint PiperCLINT PIPER
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Jamie BrownJAMIE BROWN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Darlene CowartDARLENE COWART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Patricia MoodyPATRICIA MOODY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Rachel SantosRACHEL SANTOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Neal BaxleyNEAL BAXLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Raegan HoltonRAEGAN HOLTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dirk LindseyDIRK LINDSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
John PowellJOHN POWELL
PRESIDENT
- Total calculated
- $410,590
- From this org
- $0
- From related orgs
- $368,109
- Other
- $42,481
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $368,109 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,256 related
- Nontaxable benefits
- $0 + $10,225 related
- Filer's total
- $0 + $410,590 related
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
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION RECEIVED FROM RELATED ORGANIZATION, AMERICAN PEANUT SHELLERS ASSOCIATION.
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
-
UNIVERSITY OF TEXAS - ARLINGTON
$70,000
NEUROVASCULAR FUNCTION & HEALTH DISPARITIES
-
LOMA LINDA UNIVERSITY
$52,597
PEANUTS AND FMRI BRAIN ACTIVATION
-
AUGUSTA UNIVERSITY
$52,500
EFFECTS OF PEANUT BUTTER ON SLEEP QUALITY AND DAILY ENERGY LEVELS IN FIRE FIGHTERS
-
UNIVERSITY OF WISCONSIN
$15,000
PILOT STUDY OF THE ANTI-CANCER EFFECTS OF PHYTOCHEMICALS FROM GA-06G PEANUT CULTIVAR ON LEUKEMIA CELL LINES
-
MISSISSIPPI STATE UNIVERSITY
$13,500
PEANUTS AND MENTAL HEALTH/DEPRESSION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
AMERICAN PEANUT SHELLERS ASSOCIATION
501(C)(6) · TO PROVIDE INFORMATION TO THE MEMBERS OF THE PEANUT SHELLING INDUSTRY · GA
-
501(C)(6) · TO PROVIDE NUTRITIONAL RESEARCH OF PEANUTS AND PEANUT PRODCUTS · GA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420379349300807
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