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Nonprofiteer
← PEANUT INSTITUTE FOUNDATION INC

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 Barnes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • George Birdsong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Ali Hill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Steve Huber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Charles Birdsong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Donald Chase

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Victor Nwosu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Chris Leibold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Clint Piper

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Jamie Brown

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Darlene Cowart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Patricia Moody

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Rachel Santos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Neal Baxley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Raegan Holton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dirk Lindsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • John 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.

Provenance

Return type
form_990
Tax year
2022
Filed
30 January 2024
IRS schema version
2022v5.0
Source object
202420379349300807

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