Nonprofit · EIN 54-1318940
PEANUT FOUNDATION INC
Tax-exempt · ALEXANDRIA, VA 22314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $538,876 | $615,807 | -$76,931 | $1,852,303 | $170,831 | $1,681,472 |
| September 30, 2024 | 990 | $669,039 | $800,725 | -$131,686 | $1,868,248 | $109,845 | $1,758,403 |
| September 30, 2023 | 990 | $932,704 | $999,757 | -$67,053 | $2,015,782 | $125,693 | $1,890,089 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $503,300
- Program service revenue
- $8,682
- Investment income
- $26,894
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $443,217
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,650
- Program services (functional)
- $505,041
- Management and general (functional)
- $110,766
Balance sheet and other
- Total assets, start of year
- $1,868,248
- Total assets, end of year
- $1,852,303
- Total liabilities, end of year
- $170,831
- Net assets, end of year
- $1,681,472
- Net assets without donor restrictions
- $567,628
- Net assets with donor restrictions
- $1,113,844
- Gross receipts
- $538,876
- Employees
- 0
- Volunteers
- 17
- Year formed
- 1983
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Richard T Owen | President & CEO (To 09/25) Officer | 0 | $0 | $230,405 | $51,806 |
| Chris Liebold | Chair Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| JR Cudd | Vice Chair Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Peggy Tsatsos | Treasurer Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Rachel Santos | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| Donald Chase | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| Lindsay Bashore | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| George Birdsong | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| Foy Mills | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| Courtney Dorsett | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| Dan Ward | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| Darlene Cowart | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| William Pearce | At Large Director Trustee or director | 0.4 | $0 | $0 | $0 |
| Anne Marie Delorenzo | APC Chair Trustee or director | 0.4 | $0 | $0 | $0 |
| Neal Baxley | Grower Caucus Rep Trustee or director | 0.4 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Gray | Sheller Caucus Rep Trustee or director | 0.4 | $0 |
| Jennifer Bencz | Manufacturer Caucus Rep Trustee or director | 0.4 | $0 |
| Jon Moore | Allied Caucus Rep Trustee or director | 0.4 | $0 |
| Lucas Blaustein | President & CEO (From 09/25) Officer | 0 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Brown | Executive Director Officer | 40 | $80,000 |
| Courtney Dorsett | Chair Trustee or director, Officer | 0.4 | $0 |
| Chris Liebold | Vice Chair Trustee or director, Officer | 0.4 | $0 |
| JR Cudd | Treasurer Trustee or director, Officer | 0.4 | $0 |
| Rachel Santos | At Large Director Trustee or director | 0.4 | $0 |
| Lindsay Bashore | At Large Director Trustee or director | 0.4 | $0 |
| Peggy Tsatsos | At Large Director Trustee or director | 0.4 | $0 |
| George Birdsong | At Large Director Trustee or director | 0.4 | $0 |
| Jack Davis | At Large Director Trustee or director | 0.4 | $0 |
| Dan Ward | At Large Director Trustee or director | 0.4 | $0 |
| Darlene Cowart | At Large Director Trustee or director | 0.4 | $0 |
| William Pearce | At Large Director Trustee or director | 0.4 | $0 |
| Donald Chase | APC Chair Trustee or director | 0.4 | $0 |
| Neal Baxley | Grower Caucus Rep Trustee or director | 0.4 | $0 |
| John Gray | Sheller Caucus Rep Trustee or director | 0.4 | $0 |
| Jennifer Bencz | Manufacturer Caucus Rep Trustee or director | 0.4 | $0 |
| Jon Moore | Allied Caucus Rep Trustee or director | 0.4 | $0 |
990 for the year ended September 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Brown | Executive Director Officer | 40 | $80,000 |
| Jack Davis | Chair Trustee or director, Officer | 0.4 | $0 |
| Courtney Dorsett | Vice Chair Trustee or director, Officer | 0.4 | $0 |
| Chris Liebold | Treasurer/At Large Dir Trustee or director, Officer | 0.4 | $0 |
| Rachel Santos | At Large Director Trustee or director | 0.4 | $0 |
| Donald Chase | At Large Director Trustee or director | 0.4 | $0 |
| Lindsay Bashore | At Large Director Trustee or director | 0.4 | $0 |
| Peggy Tsatsos | At Large Director Trustee or director | 0.4 | $0 |
| George Birdsong | At Large Director Trustee or director | 0.4 | $0 |
| Dan Ward | At Large Director Trustee or director | 0.4 | $0 |
| Darlene Cowart | At Large Director Trustee or director | 0.4 | $0 |
| William Pearce | At Large Director Trustee or director | 0.4 | $0 |
| JR Cudd | At Large Director Trustee or director | 0.4 | $0 |
| Collins McNeil | APC Chair Trustee or director | 0.4 | $0 |
| Bob Parker | Grower Caucus Rep Trustee or director | 0.4 | $0 |
| John Gray | Sheller Caucus Rep Trustee or director | 0.4 | $0 |
| Jennifer Bencz | Manufacturer Caucus Rep Trustee or director | 0.4 | $0 |
| Jon Moore | Allied Caucus Rep Trustee or director | 0.4 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 KING ST STE 301, ALEXANDRIA, VA 22314-2730
- Principal officer (990 for 2024)
- Lucas Blaustein, 1500 King St 301, Alexandria, VA 22314
- Signed the 990
- Renee Deuell, VP of Finance
- Phone
- (703) 838-9500
- Return prepared by
- Rogers & Company PLLC
Mission
The Foundation's mission is the promotion of research for the improvement of peanut industry technology.
Program accomplishments
- 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.Expenses $443,217 · grants $443,217
- 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.Expenses $50,295 · revenue $8,682
- Winter Nursery - Breeding program conducted in Puerto Rico during the winter.Expenses $11,529
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 54-1318940
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K20J)
- Assets (IRS master file)
- $1,852,303
- Income (IRS master file)
- $538,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $538,876 | $615,807 | $1,852,303 | XML |
| 990 | September 2024 | $669,039 | $800,725 | $1,868,248 | XML |
| 990 | September 2023 | $932,704 | $999,757 | $2,015,782 | XML |
| 990 | September 2022 | $847,797 | $764,499 | $2,124,577 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1318940).
Questions about PEANUT FOUNDATION INC
- What is the EIN of PEANUT FOUNDATION INC?
- The employer identification number (EIN) of PEANUT FOUNDATION INC is 54-1318940.
- Is PEANUT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to PEANUT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEANUT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PEANUT FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEANUT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PEANUT FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names Lucas Blaustein.
- Who are the officers and directors of PEANUT FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does PEANUT FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $538,876, expenses of $615,807 and total assets of $1,852,303 at year end.
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All nonprofits in ALEXANDRIA · Virginia · Food, agriculture and nutrition