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Nonprofiteer
← NEW YORK MEDICAL CANNABIS INDUSTRY ASSOCIATION INC

Form 990 for tax year 2023

Filed by NEW YORK MEDICAL CANNABIS INDUSTRY ASSOCIATION INC.

Totals

Total revenue
$567,500
Total expenses
$592,113
Contributions and grants received
$567,500
Grants paid
$57,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$370,660
Total liabilities, end of year
$3,151
Net assets or fund balances, end of year
$367,509
Program services expenses (Part IX)
$592,113
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 1b · Membership dues

    $567,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $57,000 · program services $57,000

  • 11c · Fees: accounting

    total $25,497 · program services $25,497

  • 11d · Fees: lobbying

    total $25,000 · program services $25,000

  • 11g · Fees: other

    total $152,360 · program services $152,360

  • 12 · Advertising and promotion

    total $324,176 · program services $324,176

  • 24a · Other expenses: POLITICAL CAMPAIGN ACTI

    total $5,000 · program services $5,000

  • 24b · Other expenses: BANK FEES

    total $3,080 · program services $3,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $239,970 · end of year $147,035

  • 4 · Accounts receivable

    beginning of year $179,875 · end of year $223,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,723 · end of year $3,151

  • 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 $392,122 · end of year $367,509

Mission and programs · 2023

Mission

THE INDUSTRY ASSOCIATION WAS FORMED AS AN ENTITY TO SAFEGUARD THE TRADE INTERESTS OF MEMBERS AND ENCOURAGE DIALOGUE AND COLLABORATION AMONG NEW YORK STATE'S REGISTERED ORGANIZATIONS AND TO ADVOCATE ON REGULATORY AND LEGISLATIVE MATTERS PERTAINING TO THE STATE'S MEDICAL MARIJUANA PROGRAM.

Activities or mission (Part I)

THE INDUSTRY ASSOCIATION WAS FORMED AS AN ENTITY TO SAFEGUARD THE TRADE INTERESTS OF MEMBERS AND ENCOURAGE DIALOGUE AND COLLABORATION AMONG NEW YORK STATE'S REGISTERED ORGANIZATIONS AND TO ADVOCATE ON REGULATORY AND LEGISLATIVE MATTERS PERTAINING TO THE STATE'S MEDICAL MARIJUANA PROGRAM. THE EFFORTS OF THE ASSOCIATION WILL INCLUDE EDUCATING THE PUBLIC, MEDICAL PROFESSIONALS AND LAWMAKERS ON THE LEGAL MEDICAL USES OF MARIJUANA. 100% OF THE ASSOCIATION'S TIME WILL BE SPENT IN THIS ACTIVITY.

  • ADVOCATING ON REGULATORY AND LEGISLATIVE MATTERS PERTAINING TO THE STATE OF NEW YORK'S MEDICAL MARIJUANA PROGRAM.

  • THE ORGANIZATION ADVOCATES ON MATTERS PERTAINING TO NEW YORK'S STATE-LICENSED ADULT-USE CANNABIS INDUSTRY.

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

Listed in Part VII

  • Bryan Murray

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Unruh

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Don Williams

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ngiste Abebe

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Frank Tice

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brandon Nemec

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202423069349302217

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