International Cannabinoid Research Society
- Assets
- $615.4k
- Revenue
- $392.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 32-0373206
Organization Overview
International Cannabinoid Research Society is located in Winstonsalem, NC. The organization was established in 2012. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Cannabinoid Research Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, International Cannabinoid Research Society generated $392.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $365.3k during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE EXCHANGE OF SCIENTIFIC INFORMATION ON CANNABINOIDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE EXCHANGE OF SCIENTIFIC INFORMATION ON CANNABINOIDS THROUGH SCIENTIFIC MEETINGS; SERVE AS A RESOURCE FOR INFORMATION ON CHEMISTRY, PHARMACOLOGY, USES, TOXICOLOGY, BEHAVIORAL, PSYCHOLOGICAL, AND SOCIAL EFFECTS OF CANNABIS AND ITS CONSTITUENTS.
MAINTAIN MEMBERSHIP INFORMATION, EDUCATIONAL RESOUCES, WEBSITE, AND AVENUES OF COMMUNICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Schechter PHD Managing Dir | Officer | 20 | $79,104 |
Yossi Tam DMD PHD Past Preside | OfficerTrustee | 2 | $0 |
David Finn PHD President | OfficerTrustee | 5 | $0 |
Saoirse O'sullivan PHD Secretary | OfficerTrustee | 2 | $0 |
Steven Kinsey PHD Treasurer/gr | OfficerTrustee | 5 | $0 |
Melanie Kelly PHD Executive Di | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,695 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,391 |
| Total Program Service Revenue | $256,380 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $392,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,650 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,104 |
| Compensation of current officers, directors, key employees. | $19,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $531 |
| Information technology | $13,399 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $224,144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,759 |
| All other expenses | $9,689 |
| Total functional expenses | $365,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,036 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,130 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,422 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $305 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $305 |
| Net assets without donor restrictions | $615,117 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $615,422 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Cannabinoid Research Society has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Monique C And George L Braude Memorial Foundation Inc Baltimore, MD PURPOSE: MONIQUE AND GEORGE BRAUDE STUDENT TRAVEL AWARD FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Amga Foundation Inc Alexandria, VA | $2,610,879 | $2,312,164 |
Ivi Foundation Inc Alexandria, VA | $2,038,987 | $1,664,291 |
Lowcountry Center For Veterans Research Charleston, SC | $1,817,709 | $1,330,911 |
Salem Research Institute Inc Salem, VA | $3,333,370 | $1,714,541 |
Galen Institute Inc Paeonian Springs, VA | $0 | $114,244 |
International Cannabinoid Research Society Winstonsalem, NC | $615,422 | $392,771 |
Accreditation For Cardiovascular Excellence Inc Midlothian, VA | $832,987 | $727,611 |
Hudson Institute Of Mineralogy Keswick, VA | $1,570,559 | $158,766 |
International Pnh Interest Group Portsmouth, VA | $385,337 | $100,000 |
Council On Chiropractic Guidelines & Practice Parameters Lexington, SC | $174,148 | $0 |
Corporate Friends Of Cdc Inc Atlanta, GA | $13,550 | $0 |