Peanut Institute Foundation Inc

Organization Overview

Peanut Institute Foundation Inc is located in Albany, GA. The organization was established in 2008. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peanut Institute Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 07/2022, Peanut Institute Foundation Inc generated $519.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $282.5k during the year ending 07/2022. While expenses have increased by 7.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Peanut Institute Foundation Inc has awarded 22 individual grants totaling $1,796,421. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED RESEARCH ON PEANUTS AND PEANUT PRODUCTS THROUGH OUTREACH PROGRAMS AND EDUCATIONAL INITIATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
Ali Hill
Chairman
$0
Jamie Brown
Vice-Chairman
$0
John Powell
President
$0
Dallas Barnes
Trustee
$0
Steve Huber
Trustee
$0
Chad Chandler
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$518,855
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$518,855
Total Program Service Revenue$0
Investment income $881
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $519,736

Grants Awarded

Over the last fiscal year, Peanut Institute Foundation Inc has awarded $157,630 in support to 3 organizations.

Grant RecipientAmount

LOMA LINDA UNIVERSITY

Org PageRecipient Profile

Loma Linda, CA

PURPOSE: PEANUTS AND FMRI BRAIN ACTIVATION

$70,130

VIRGINIA POLYTECHNIC INSTITUTE

PURPOSE: PEANUTS/PB AND MUSCLE GAIN IN ATHLETES

$56,000

MISSISSIPPI STATE UNIVERSITY

Org PageRecipient Profile

Mississippi State, MS

PURPOSE: PEANUTS AND MENTAL HEALTH/DEPRESSION

$31,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Peanut Institute Foundation Inc has recieved totaling $233,544.

Awarding OrganizationAmount
Peanut Institute Inc

Albany, GA

PURPOSE: RESEARCH

$200,000
American Peanut Shellers Assoc Inc

Albany, GA

PURPOSE: PRESENTED TO TPIF FOR RESEARCH AND EDUCATION FUNDING

$33,544
View Grant Recipient Profile

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