Peanut Institute Inc
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, GA
- Founding
- 02/1997
- Data as of
- 07/2022
- EIN
- 58-2261971
Organization Overview
Peanut Institute Inc is located in Albany, GA. The organization was established in 1997. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, 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 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 07/2022, Peanut Institute Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.5m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Peanut Institute Inc has awarded 13 individual grants totaling $4,860,663. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE RESEARCH ON PEANUTS AND PEANUT PRODUCTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE PROVIDED FUNDING TO RESEARCH PROJECTS STUDYING THE NUTRITIONAL CHARACTERISTICS OF PEANUTS AND HAS BEGUN DISSEMINATING THIS INFORMATION TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gray Trustee | OfficerTrustee | 1 | $0 |
Ali Hill Chairman | OfficerTrustee | 1 | $0 |
Jamie Brown Vice- Chairman | OfficerTrustee | 1 | $0 |
John Powell President | Officer | 15 | $0 |
Darlene Cowart Trustee | Trustee | 1 | $0 |
Greg Harnish Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,445,468 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,986 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,554,454 |
| Total Program Service Revenue | $0 |
| Investment income | $1,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,550,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,264 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,800 |
| Fees for services: Accounting | $23,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $98,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,435 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,469,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,312 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,213 |
| 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 | $0 |
| Net Land, buildings, and equipment | $14,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,417,192 |
| Accounts payable and accrued expenses | $14,592 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $14,592 |
| Net assets without donor restrictions | $1,402,600 |
| Net assets with donor restrictions | $0 |
| 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 | $1,417,192 |
Grants Awarded
Over the last fiscal year, Peanut Institute Inc has awarded $851,064 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, GA PURPOSE: TO ASSIST IN PRESENTING INFORMATION ON CHANGES IN GOVERNMENT POLICY AND OTHER FACTORS AFFECTING THE PEANUT INDUSTRY. | $651,064 |
Albany, GA PURPOSE: RESEARCH | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peanut Institute Inc has recieved totaling $66,696.
| Awarding Organization | Amount |
|---|---|
Southwestern Peanut Sheller Assoc Jonesboro, AR PURPOSE: NUTRITIONAL RESEARCH | $66,696 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Poultry & Egg Export Council Inc Tucker, GA | $13,308,225 | $13,857,439 |
Southeast United Dairy Industry Association Inc Atlanta, GA | $6,295,010 | $10,099,008 |
Feeding The Carolinas Raleigh, NC | $945,910 | $2,848,131 |
Peanut Institute Inc Albany, GA | $1,417,192 | $1,550,329 |
Georgia Poultry Federation Inc Gainesville, GA | $828,999 | $612,081 |
Blue Ridge Women In Agriculture Boone, NC | $327,063 | $1,118,952 |
North Carolina Peanut Growers Assn Inc Nashville, NC | $2,408,453 | $1,016,159 |
International Flight Services Association Inc Atlanta, GA | $781,889 | $478,787 |
North Carolina Brewers Guild Inc Raleigh, NC | $316,923 | $663,818 |
Refrigerated Foods Association Inc Marietta, GA | $910,597 | $498,552 |
Alabama Restaurant & Hospitality Association Inc Montgomery, AL | $521,191 | $633,980 |
Southern Cotton Growers Incorporated Dawsonville, GA | $1,662,910 | $432,894 |