Overview
What is The Peanut Research Foundation?
The Peanut Research Foundation is a nonprofit organization situated in Alexandria, Virginia, specifically at 1500 KING ST 301. Its primary objective is to support research within the peanut industry, aiming to lower production costs, ensure a safer product, enhance quality, and boost health benefits. This mission is accomplished through the promotion of technological advancements in the peanut sector. The foundation's activities are dedicated to fostering research that ultimately benefits all segments of the peanut industry.
Official website here: www.peanutresearchfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Peanut Research Foundation has achieved an impressive 96% score, reflecting its strong commitment to accountability and financial transparency. This high rating is primarily based on the organization's robust financial practices, with a perfect score in several key areas such as independent board governance, financial oversight, and conflict of interest policies. The foundation demonstrates effective management of its resources with a program expense ratio of 86.13%, indicating that a significant portion of its funds is directed toward its mission-related activities.
The foundation's board is entirely composed of independent members, which enhances its governance structure and decision-making processes. It also adheres to best practices by maintaining a whistleblower policy and a document retention policy, ensuring ethical standards are upheld. The absence of material diversions of assets further underscores its integrity and operational soundness.
While the data highlights the strengths of The Peanut Research Foundation, continuous monitoring and assessment will be crucial to maintaining its high standards and ensuring it meets the evolving needs of its stakeholders and the communities it serves. Overall, the organization is positioned well for future growth and impact in its field.
This AI summary has been generated from information found on Charity Navigator.
Is The Peanut Research Foundation legitimate?
The Peanut Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Peanut Research Foundation 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:
Executive Compensation: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.peanutresearchfoundation.org
What is the mission statement of The Peanut Research Foundation?
The Peanut Research Foundation's mission is centered around promoting research to enhance the technology within the peanut industry. This mission is aimed at benefiting all sectors of the peanut industry, with the goal of reducing production costs, ensuring a safer product, improving quality, and enhancing the health benefits associated with peanuts. The foundation supports research efforts in this regard, acting as a catalyst for advancements in the peanut industry.
Official website here: www.peanutresearchfoundation.org
What is the revenue of The Peanut Research Foundation?
The Peanut Research Foundation's revenue in 2023 was $932,704.
Official website here: www.peanutresearchfoundation.org
Who are the executives of The Peanut Research Foundation and what are their salaries?
There 17 volunteers at The Peanut Research Foundation.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $80,000
- Related: $0
- Other: $0
Official website here: www.peanutresearchfoundation.org
Where can I find the form 990 for The Peanut Research Foundation?
The Peanut Research Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peanutresearchfoundation.org
Learn more at the official website: www.peanutresearchfoundation.org
Mission Statement of The Peanut Research Foundation
The Peanut Research Foundation, a dedicated organization, is committed to its mission of promoting research aimed at enhancing the technology within the peanut industry. Their primary goal is to reduce production costs, ensure the safety of the final product, improve its quality, and boost its health benefits. By supporting research in this field, the foundation aims to benefit all sectors of the peanut industry, contributing to its overall growth and success.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Peanut Research Foundation's impact is significant in promoting research for the improvement of peanut industry technology. By supporting peanut research on behalf of all segments of the peanut industry, the foundation aims to reduce the cost of production, create a safer product, improve quality, and enhance the health benefits associated with peanuts. Through its work in Alexandria, VA, The Peanut Research Foundation plays a crucial role in advancing the peanut industry and ensuring its sustainability and competitiveness in the market.
This information is meant to be a general summary of The Peanut Research Foundation. 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 2023.
- Investment Income: $38,921
- Program Service Revenue: $18,883
- Gross Receipts: $932,704
Assets and Liabilities:
- Total Assets: $2,124,577
- Total Liabilities: $167,435
- Net Assets: $1,957,142
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Peanut Butter for the
Revenue
$18,883
Organization Details
Founding Year
1983
Principal Officer
Richard Owen
NTEE Category
Code: K20J - Food
If you are a representative of The Peanut Research Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.