North Carolina Industrial Hemp Association Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 03/2015
- Data as of
- 12/2019
- EIN
- 47-2575767
Organization Overview
North Carolina Industrial Hemp Association Inc is located in Asheville, NC. The organization was established in 2015. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Industrial Hemp Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, North Carolina Industrial Hemp Association Inc generated $76.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $90.9k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Butler Executive Di | 25 | $0 | |
Marty Clemons President | 1 | $0 | |
Judy Payne Secretary | 1 | $0 | |
Amy Brooks Vice Preside | 1 | $0 | |
Warren Williams Board Member | 1 | $0 | |
Scott Bailey Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,083 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,083 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $69,802 |
| Occupancy, rent, utilities, and maintenance | $670 |
| Printing, publications, postage, and shipping | $326 |
| Other expenses | $20,081 |
| Total expenses | $90,879 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $68,982 |
| Net assets or fund balances | -$68,982 |
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