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Nonprofiteer
← PEANUT INSTITUTE INC

Form 990 for tax year 2022

Filed by PEANUT INSTITUTE INC.

Totals

Total revenue
$1,490,674
Total expenses
$1,609,610
Contributions and grants received
$1,481,497
Grants paid
$918,677
Program service revenue
$0
Investment income
$9,177
Other revenue
$0
Total assets, end of year
$1,300,191
Total liabilities, end of year
$16,527
Net assets or fund balances, end of year
$1,283,664
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1b · Membership dues

    $1,372,231

  • 1f · All other contributions, gifts and grants

    $109,266

  • 3 · Investment income

    total $9,177 · excluded $9,177

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $918,677

  • 11b · Fees: legal

    total $5,550

  • 11c · Fees: accounting

    total $23,400

  • 13 · Office expenses

    total $122,445

  • 17 · Travel

    total $50,209

  • 19 · Conferences, conventions and meetings

    total $74,200

  • 22 · Depreciation, depletion and amortization

    total $5,026

  • 24a · Other expenses: MARKETING & COMMUNICATI

    total $250,323

  • 24b · Other expenses: EDUCATIONAL ACTIVITIES

    total $113,011

  • 24c · Other expenses: OTHER PROGRAM EXPENSES

    total $46,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $969,312 · end of year $722,089

  • 2 · Savings and temporary cash investments

    beginning of year $200,000 · end of year $204,193

  • 4 · Accounts receivable

    beginning of year $233,213 · end of year $363,535

  • 9 · Prepaid expenses and deferred charges

    end of year $175

  • 10a · Land, buildings and equipment: cost or other basis

    $38,941

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,742

  • 10c · Land, buildings and equipment, net

    beginning of year $14,667 · end of year $10,199

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,592 · end of year $16,527

  • 27 · Net assets without donor restrictions

    beginning of year $1,402,600 · end of year $1,246,164

  • 28 · Net assets with donor restrictions

    end of year $37,500

Mission and programs · 2022

Mission

PROMOTE NUTRITIONAL RESEARCH ON PEANUTS AND PEANUT PRODUCTS AND INCREASING PUBLIC AWARENESS OF THE SAME.

Activities or mission (Part I)

PROMOTE RESEARCH ON PEANUTS AND PEANUT PRODUCTS

  • THE INSTITUTE PROVIDED FUNDING TO RESEARCH PROJECTS STUDYING THE NUTRITIONAL CHARACTERISTICS OF PEANUTS AND HAS BEGUN DISSEMINATING THIS INFORMATION TO THE PUBLIC.

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
  • Darlene Cowart

    TRUSTEE

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

    TRUSTEE

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

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Greg Harnish

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Clint Piper

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Greg Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Patricia Moody

    TRUSTEE

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

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • 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
    15 + 35 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

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

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
202430379349300808

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