American Peanut Council Inc
- Assets
- $3.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Alexandria, VA
- Founding
- 05/1946
- Data as of
- 09/2023
- EIN
- 53-0190322
Organization Overview
American Peanut Council Inc is located in Alexandria, VA. The organization was established in 1946. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, American Peanut Council Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Peanut Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, American Peanut Council Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $5.6m during the year ending 09/2023. While expenses have increased by 2.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN PEANUT COUNCIL OFFERS A FORUM AND UNITED VOICE FOR THE PEANUT SUPPLY CHAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL PROMOTION - PROMOTES THE USE OF U.S. GROWN PEANUTS ABROAD.
BOARD OF DIRECTOR MEETINGSFOOD SAFETYDUES AND PUBLICATIONSANNUAL MEETING
LEAD THE INDUSTRY'S EFFORTS ON SUSTAINABILITY.
PROVIDE INDUSTRY LEADERSHIP ON CRISIS MANAGEMENT AND COMMUNICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Collins Mcneil Chairman/director | OfficerTrustee | 3 | $0 |
Donald Chase Vice Chairman/director | OfficerTrustee | 3 | $0 |
Anne-Marie Delorenzo Treasurer/director | OfficerTrustee | 3 | $0 |
Ashley Collins Director | Trustee | 3 | $0 |
Blair Hillen Director | Trustee | 3 | $0 |
Bob Sauer Director | Trustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,848,063 |
| Investment income | $24,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,194 |
| 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 | $5,937,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,595 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,691 |
| Pension plan accruals and contributions | $33,371 |
| Other employee benefits | $62,340 |
| Payroll taxes | $64,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,100 |
| Fees for services: Accounting | $24,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,546 |
| Advertising and promotion | $0 |
| Office expenses | $48,731 |
| Information technology | $12,873 |
| Royalties | $0 |
| Occupancy | $43,553 |
| Travel | $54,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,571 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,366 |
| Insurance | $8,599 |
| All other expenses | $0 |
| Total functional expenses | $5,621,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,175 |
| Savings and temporary cash investments | $1,123,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,344,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $137,343 |
| Net Land, buildings, and equipment | $77,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,834 |
| Total assets | $3,148,534 |
| Accounts payable and accrued expenses | $493,977 |
| Grants payable | $0 |
| Deferred revenue | $110 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,834 |
| Total liabilities | $497,921 |
| Net assets without donor restrictions | $2,479,159 |
| Net assets with donor restrictions | $171,454 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,148,534 |