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← AMERICAN KRATOM ASSOCIATION

Form 990 for tax year 2023

Filed by AMERICAN KRATOM ASSOCIATION.

Totals

Total revenue
$4,532,500
Total expenses
$4,389,296
Contributions and grants received
$4,532,500
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$533,454
Total liabilities, end of year
$6,294
Net assets or fund balances, end of year
$527,160
Program services expenses (Part IX)
$3,787,070
Management and general expenses
$602,226
Fundraising expenses
$0
Program service expenses (Part III)
$3,787,070

Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,532,500

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $48,300 · program services $24,150 · management and general $24,150

  • 7 · Other salaries and wages

    total $427,163 · program services $427,163

  • 10 · Payroll taxes

    total $28,920 · program services $28,920

  • 11a · Fees: management

    total $186,500 · management and general $186,500

  • 11b · Fees: legal

    total $316,847 · program services $316,847

  • 11c · Fees: accounting

    total $9,555 · program services $4,778 · management and general $4,777

  • 11d · Fees: lobbying

    total $2,347,188 · program services $2,347,188

  • 12 · Advertising and promotion

    total $133,398 · program services $133,398

  • 13 · Office expenses

    total $37,292 · program services $37,292

  • 14 · Information technology

    total $69,018 · program services $69,018

  • 17 · Travel

    total $88,876 · program services $88,876

  • 19 · Conferences, conventions and meetings

    total $107,481 · program services $107,481

  • 22 · Depreciation, depletion and amortization

    total $58,113 · program services $9,484 · management and general $48,629

  • 23 · Insurance

    total $53,171 · program services $53,171

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $189,921 · management and general $189,921

  • 24b · Other expenses: PUBLIC RELATIONS

    total $135,267 · program services $135,267

  • 24c · Other expenses: RENT

    total $97,076 · management and general $97,076

  • 24d · Other expenses: OTHER G&A EXPENSES

    total $25,245 · management and general $25,245

  • 24e · All other expenses

    total $29,965 · program services $4,037 · management and general $25,928

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,455 · end of year $287,762

  • 7 · Other notes and loans receivable

    beginning of year $5,000 · end of year $35,000

  • 10a · Land, buildings and equipment: cost or other basis

    $366,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $155,884

  • 10c · Land, buildings and equipment, net

    beginning of year $252,232 · end of year $210,692

  • 25 · Other liabilities

    beginning of year $1,731 · end of year $6,294

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $383,956 · end of year $527,160

Mission and programs · 2023

Mission

THE AMERICAN KRATOM ASSOCIATION HAS BEEN FORMED FOR THE CHARITABLE PURPOSE OF PROTECTING THE NATURAL RIGHT OF ALL AMERICANS TO USE THE PLANT KRATOM (MITRAGYNA SPECIOSA) FOR THE PURPOSE THEY CHOOSE

Activities or mission (Part I)

THE AMERICAN KRATOM ASSOCIATION ADVOCATES TO PROTECT THE FREEDOM OF CONSUMERS TO SAFELY CONSUME NATURAL KRATOM AS A PART OF THE PERSONAL HEALTH AND WELL BEING REGIMEN.

  • LEGAL FEES AND OTHER PROFESSIONAL SERVICES PERTAINING TO THE LEGAL ANALYSIS OF KEEPING KRATOM LEGAL, AND ORGANIZATIONAL LEGAL ADVICE.

    Expenses $316,847

  • LOBBYING EXPENSES TO EDUCATE LEGISLATORS AND THEIR STAFF REGARDING PUBLIC POLICY CONCERNING KRATOM.

    Expenses $2,347,188

  • PUBLIC RELATIONS EXPENSE TO IMPROVE THE PUBLIC PERCEPTION OF KRATOM

    Expenses $135,267

  • OTHER VARIOUS PROGRAM EXPENSES.

    Expenses $987,768

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Bake

    BOARD MEMBER

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jamie Zeigler

    BOARD MEMBER

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Matt Salmon

    CHAIRMAN

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202423039349300527

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