The Peanut Research Foundation

Tax-deductible

Alexandria, VA501(c)(3)Since 1983Food & AgricultureEIN 54-1318940Revenue $539K in FY2024

On file with the IRSpeanutresearchfoundation.org1500 King St Ste 301, 22314-2730 · Alexandria, VATax-exempt since Jun 1987Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 17 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $20K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $160K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$171K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$539K
-19% vs prior year
Spent
$616K
To programs
82%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$539K
FY2024▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$648K
FY2021$699K
FY2022$848K
FY2023$933K
FY2024$669K
FY2024$539K
Expenses
$616K
FY2024▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$374K
FY2021$955K
FY2022$764K
FY2023$1000K
FY2024$801K
FY2024$616K
Net assets
$1.7M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.0M
FY2022$2.0M
FY2023$1.9M
FY2024$1.8M
FY2024$1.7M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $505K Management & general 18% · $111K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A
At Large Director
$0Pt VII · Sec A

Steve Brown’s $80K as Executive Director is at the 80th percentile of top reported officer pay among 1172 $100K–1M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steve Brown$80,000$80,000$80,000$80,000$80,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Peanut Research Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves peanut industry technology through research.

Provided by the organization

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3 programs · $505K · in their own filed words · FY2024
01

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.

$443Kprogram expense
02

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.

$50Kprogram expense
03

Winter Nursery

Breeding program conducted in Puerto Rico during the winter.

$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$160K
Grants paid · 51 grants · $3.3M · 2019–2024
Lubbock Christian UniversityTX · FY2024$45,536
North Carolina State UniversityNC · FY2024$43,964
Texas Tech UniversityFY2024$26,568
Usda ArsFY2024$15,538
North Carolina State UniversityNC · FY2023$61,679
Usda ArsFY2023$53,248
Texas Agrilife ResearchFY2023$38,914
University of FloridaFL · FY2023$20,325
Texas Tech UniversityFY2023$18,226
Lubbock Christian UniversityTX · FY2023$13,880
North Carolina State UniversityNC · FY2022$80,281
See all 51 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$539K
Ln 12
Gifts and grantsLn 1h$503K
Investment incomeLn 3$27K
Fees for servicesLn 2g$9K
Money outPt IX
$616K
Ln 25
Programscol B$505K
Managementcol C$111K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.9M
LiabilitiesLn 26$171K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$503K
Fees for servicesLn 2g$9K
Investment incomeLn 3$27K
Total revenueLn 12$539K
Assets in detailPt X, end of year
CashLn 1$90
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
Total assetsLn 16$1.9M
LiabilitiesLn 26$171K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.6M$1.5M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$110K$171K
Net assetsLn 32$1.8M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$440K$440K
Grants to domestic individualsLn 2$4K$4K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$105K$8K$97K
Office expensesLn 13$964$964
Information technologyLn 14$888$888
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$46K$46K
Total functional expensesLn 25$616K$505K$111K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $669K$801K−$132K$1.8M 990 PDF
FY2023 $933K$1000K−$67K$1.9M 990 PDF
FY2022 $848K$764K$83K$2.0M 990 PDF
FY2021 $699K$955K−$256K$2.0M 990 PDF
FY2020 $648K$374K$273K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $538,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $623,300$503,300
I-9 Program service revenuePrior year $6,744$8,682
I-10 Investment incomePrior year $38,995$26,894
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $669,039$538,876
I-13 Grants and similar amounts paidPrior year $612,617$443,217
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $80,000$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $108,108$172,590
I-18 Total expensesPrior year $800,725$615,807
I-19 Revenue less expensesPrior year −$131,686−$76,931
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $538,876 across 5 lines filed
VIII-1f All other contributions, gifts and grants$503,300
VIII-1h Total contributions, gifts and grants$503,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,682$8,682
VIII-3 Investment incomeExcluded from tax $26,894$26,894
VIII-12 Total revenueRelated to mission $8,682 · Unrelated business $0 · Excluded from tax $26,894$538,876
Part IX · Statement of functional expenses $615,807 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $439,568$439,568
IX-2 Grants to domestic individualsPrograms $3,649$3,649
IX-11c Accounting feesManagement $10,650$10,650
IX-11g Other fees for servicesPrograms $8,000 · Management $97,222$105,222
IX-13 Office expensesManagement $964$964
IX-14 Information technologyManagement $888$888
IX-19 Conferences, conventions and meetingsPrograms $7,648$7,648
IX-23 InsuranceManagement $1,042$1,042
IX-24 Other expenses (24a–d)Programs $46,176$46,176
IX-25 Total functional expensesPrograms $505,041 · Management $110,766 · Fundraising $0$615,807
Part X · Balance sheet $1,852,303 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $287,863$90
X-2 Savings and temporary cash investmentsStart of year $1,347,135$1,484,563
X-4 Accounts receivableStart of year $233,250$367,500
X-9 Prepaid expenses and deferred chargesStart of year $0$150
X-16 Total assetsStart of year $1,868,248$1,852,303
X-17 Accounts payable and accrued expensesStart of year $109,845$170,831
X-26 Total liabilitiesStart of year $109,845$170,831
X-27 Net assets without donor restrictionsStart of year $525,764$567,628
X-28 Net assets with donor restrictionsStart of year $1,232,639$1,113,844
X-32 Total net assets or fund balancesStart of year $1,758,403$1,681,472
X-33 Total liabilities and net assetsStart of year $1,868,248$1,852,303
Part XI · Reconciliation of net assets $1,681,472 net assets at year end
XI-1 Total revenue$538,876
XI-2 Total expenses$615,807
XI-3 Revenue less expenses−$76,931
XI-4 Net assets at start of year$1,758,403
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,681,472

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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