Form 990 for tax year 2024

Totals

Total revenue

$538,876

Total expenses

$615,807

Contributions and grants received

$503,300

Grants paid

$443,217

Program service revenue

$8,682

Investment income

$26,894

Other revenue

$0

Total assets, end of year

$1,852,303

Total liabilities, end of year

$170,831

Net assets or fund balances, end of year

$1,681,472

Program services expenses (Part IX)

$505,041

Management and general expenses

$110,766

Fundraising expenses

$0

Program service expenses (Part III)

$505,041

Program services were 82.0% 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.

Mission and programs · 2024

• 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.

  Expenses $443,217 · Grants $443,217

• 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.

  Expenses $50,295 · Revenue $8,682

• Winter Nursery - Breeding program conducted in Puerto Rico during the winter.

  Expenses $11,529

As filed on the 2024 return.

Listed in Part VII

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

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

• UGA Research Foundation

  $253,311

  Research

• The National Center for Genome Resources

  $54,651

  Research

• Lubbock Christian University

  $45,536

  Research

• North Carolina State University

  $43,964

  Research

• Texas Tech University

  $26,568

  Research

• USDA ARS

  $15,538

  Research

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 Council

  501(c)(6) · Promote the use of U.S.grown peanuts · VA

Provenance

Return type

form_990

Tax year

2024

Filed

24 July 2026

IRS schema version

2024v5.5

Source object

202642059349301314

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