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Nonprofiteer
← PEANUT FOUNDATION INC

Form 990 for tax year 2023

Filed by PEANUT FOUNDATION INC.

Totals

Total revenue
$669,039
Total expenses
$800,725
Contributions and grants received
$623,300
Grants paid
$612,617
Program service revenue
$6,744
Investment income
$38,995
Other revenue
$0
Total assets, end of year
$1,868,248
Total liabilities, end of year
$109,845
Net assets or fund balances, end of year
$1,758,403
Program services expenses (Part IX)
$688,052
Management and general expenses
$112,673
Fundraising expenses
$0
Program service expenses (Part III)
$688,052

Program services were 85.9% 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

    $623,300

  • 2a · Program service revenue: Peanut Butter for the

    total $6,744 · related or exempt $6,744

  • 3 · Investment income

    total $38,995 · excluded $38,995

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $611,617 · program services $611,617

  • 2 · Grants to domestic individuals

    total $1,000 · program services $1,000

  • 5 · Compensation of officers, directors and key employees

    total $80,000 · management and general $80,000

  • 11c · Fees: accounting

    total $10,511 · management and general $10,511

  • 11g · Fees: other

    total $23,000 · program services $8,000 · management and general $15,000

  • 13 · Office expenses

    total $773 · management and general $773

  • 14 · Information technology

    total $864 · management and general $864

  • 19 · Conferences, conventions and meetings

    total $16,184 · program services $16,184

  • 23 · Insurance

    total $1,025 · management and general $1,025

  • 24a · Other expenses: Sponsorship

    total $25,000 · program services $25,000

  • 24b · Other expenses: Winter Nursery

    total $16,336 · program services $16,336

  • 24c · Other expenses: Peanut Butter for the H

    total $8,627 · program services $8,627

  • 24d · Other expenses: Bad Debt Expense

    total $4,500 · management and general $4,500

  • 24e · All other expenses

    total $1,288 · program services $1,288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,141 · end of year $287,863

  • 2 · Savings and temporary cash investments

    beginning of year $1,508,141 · end of year $1,347,135

  • 4 · Accounts receivable

    beginning of year $436,500 · end of year $233,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $125,693 · end of year $109,845

  • 27 · Net assets without donor restrictions

    beginning of year $447,980 · end of year $525,764

  • 28 · Net assets with donor restrictions

    beginning of year $1,442,109 · end of year $1,232,639

Mission and programs · 2023

Mission

The Foundation's mission is the promotion of research for the improvement of peanut industry technology.

Activities or mission (Part I)

The promotion of research for the improvement of peanut industry technology.

  • 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 $612,617 · Grants $612,617

  • 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 $59,099 · Revenue $6,744

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

    Expenses $16,336

  • Peanut Genome Initiative - A research program to map the genetic code of the peanut plant. There is no expense for this fiscal year.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Courtney Dorsett

    Chair

    Total calculated
    $0
    Hours/week
    0.4 + 3 related

  • Chris Liebold

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.4

  • JR Cudd

    Treasurer

    Total calculated
    $0
    Hours/week
    0.4

  • Rachel Santos

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4 + 3 related

  • Lindsay Bashore

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4

  • Peggy Tsatsos

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4

  • George Birdsong

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4

  • Jack Davis

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4

  • Dan Ward

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4

  • Darlene Cowart

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4 + 3 related

  • William Pearce

    At Large Director

    Total calculated
    $0
    Hours/week
    0.4

  • Donald Chase

    APC Chair

    Total calculated
    $0
    Hours/week
    0.4 + 3 related

  • Neal Baxley

    Grower Caucus Rep

    Total calculated
    $0
    Hours/week
    0.4 + 3 related

  • John Gray

    Sheller Caucus Rep

    Total calculated
    $0
    Hours/week
    0.4 + 3 related

  • Jennifer Bencz

    Manufacturer Caucus Rep

    Total calculated
    $0
    Hours/week
    0.4

  • Jon Moore

    Allied Caucus Rep

    Total calculated
    $0
    Hours/week
    0.4 + 3 related

  • Steve Brown

    Executive Director

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

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
2023
Filed
2 July 2025
IRS schema version
2023v6.0
Source object
202531929349300213

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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