Overview
What is The Peanut Institute Foundation Inc?
The Peanut Institute Foundation Inc, situated in Albany, Georgia, is a nonprofit organization primarily dedicated to charitable, educational, and scientific purposes. Their primary focus is conducting nutritional research on peanuts and peanut products. They achieve this by distributing funds to organizations that meet the criteria for exemption under Section 501(C)(3) of the IRS, provided their activities align with the foundation's mission. Through outreach programs and educational initiatives, The Peanut Institute Foundation Inc contributes to increasing the understanding and benefits of peanuts and peanut products.
Official website here: www.peanut-institute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Peanut Institute Foundation Inc has achieved a strong rating of 90%, reflecting its commitment to accountability and financial health. This rating is derived entirely from its performance in the Accountability & Finance beacon, indicating the organization's effective management of resources. With a perfect score in various governance metrics, including having a majority of independent board members and a solid program expense ratio, the foundation demonstrates a high level of transparency and responsibility.
Among its strengths, the organization has a robust structure with 17 independent board members, ensuring diverse oversight. Additionally, there are no reported material diversions of assets, which adds to their credibility. The foundation also has comprehensive policies in place, such as conflict of interest and document retention policies, which are crucial for maintaining ethical standards.
However, it is worth noting that the foundation lacks a whistleblower policy, which could be seen as a limitation in terms of internal accountability measures. Despite this, the overall financial health and governance practices of The Peanut Institute Foundation Inc position it as a reliable nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Peanut Institute Foundation Inc?
94% of 11 reviewers on Facebook recommend The Peanut Institute Foundation Inc. Here’s a look into what people are saying:
Many reviewers express strong support for the organization, highlighting its effective communication about peanuts' health benefits. They appreciate the informative approach and the dedication the foundation shows in spreading awareness of peanuts as a nutritious food source.
Overall, there seems to be a positive sentiment surrounding this nonprofit, with users pleased with the information being shared and the advocacy efforts made by the foundation.
This AI summary has been generated from reviews found on Facebook.
Is The Peanut Institute Foundation Inc legitimate?
The Peanut Institute Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Peanut Institute Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.peanut-institute.org
What is the mission statement of The Peanut Institute Foundation Inc?
The Peanut Institute Foundation Inc's primary mission is to serve charitable, educational, and scientific purposes, with a focus on nutritional research related to peanuts and peanut products. This is achieved by distributing funds to organizations that qualify as exempt under Section 501(C)(3) of the IRS, whose activities align with the foundation's stated purpose. The foundation's mission is specifically geared towards conducting research on peanuts and peanut products. This research is then disseminated through various outreach programs and educational initiatives.
Official website here: www.peanut-institute.org
Who is the CEO of The Peanut Institute Foundation Inc?
John T Powell is the Trustee of The Peanut Institute Foundation Inc.
Official website here: www.peanut-institute.org
What is the revenue of The Peanut Institute Foundation Inc?
The Peanut Institute Foundation Inc's revenue in 2022 was $519,736.
Official website here: www.peanut-institute.org
Who are the executives of The Peanut Institute Foundation Inc and what are their salaries?
Here are 20 key members and their salaries:
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- Related: $357,618
- Other: $43,679
Official website here: www.peanut-institute.org
Where can I find the form 990 for The Peanut Institute Foundation Inc?
The Peanut Institute Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peanut-institute.org
Learn more at the official website: www.peanut-institute.org
Mission Statement of The Peanut Institute Foundation Inc
The Peanut Institute Foundation Inc is dedicated to serving charitable, educational, and scientific purposes, primarily focusing on nutritional research related to peanuts and peanut products. This mission is carried out by distributing funds to organizations that fall under Section 501(C)(3) of the IRS, whose activities align with the foundation's purpose. The Peanut Institute Foundation Inc achieves its goal of providing research on peanuts and peanut products through various outreach programs and educational initiatives. By doing so, the organization contributes to a better understanding of the nutritional benefits and potential applications of peanuts and their products.
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Impact
July, 2024
The Peanut Institute Foundation Inc has made a significant impact in the field of nutritional research related to peanuts and peanut products. Through their outreach programs and educational initiatives, they have provided valuable research that contributes to a better understanding of the health benefits of peanuts. This research has not only advanced scientific knowledge but also promoted the consumption of peanuts as a nutritious food option. In doing so, the foundation has positively influenced the dietary habits and overall health of individuals who incorporate peanuts into their diets.
This information is meant to be a general summary of The Peanut Institute Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $881
- Gross Receipts: $519,736
Assets and Liabilities:
- Total Assets: $816,347
- Total Liabilities: $0
- Net Assets: $816,347
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Organization Details
Founding Year
2007
Phone
(229) 888-2508Principal Officer
John T Powell
Main Address
2336 LAKE PARK DRIVE, ALBANY, GA, 31707
Website
www.peanut-institute.orgNTEE Category
Code: K40 - Food
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