The information for Chicago Cannabis Alliance is as of the organization's most recent filing in June 2018. This organization is located in Oak Park, IL and has been in existence for 2 years, following its founding in 2016.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Chicago Cannabis Alliance's NTEE code is W01. The "W" tells us that the organization is classified along with Alliances & Advocacy. The "01" tells us that the organization is a Public & Societal Benefit organization. The NTEE describes Public & Societal Benefit organizations as those whose activities focus on influencing public policy within the Public, Society Benefit - Multipurpose and Other major group area. This includes a variety of activities from public education and influencing public opinion to lobbying national and state legislatures.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Chicago Cannabis Alliance is to help Chicago patients navigate the process to access the medication they need.
The program area focuses on helping Chicago patients navigate the process of accessing the medication they need.
Chicago Cannabis Alliance is run by Bryan Zises, who is the President. The organization has 4 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.
The Chicago Cannabis Alliance is well-governed with 3 voting members and 3 independent members. The organization has documented board meetings and does provide copies of the 990 to the board prior to filing. However, there are some areas that could be improved. The organization does not have a conflict of interest policy, disclosure of conflicts, written whistleblower policy, document retention policy, nor do they substantiate and review leadership or officer's salaries. To ensure the organization is well-governed, it is recommended that the Chicago Cannabis Alliance implements policies to address these areas.
The Chicago Cannabis Alliance did not experience significant growth in terms of contributions and grants received, program service revenue, investment income, or total employees over this time period. However, they did see an increase in their total revenue, which rose from $62.7K in 2016 to $216.5K in 2017.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bryan Zises President | Officer | 10 | $0 |
Richard Park Treasurer | Officer | 5 | $0 |
Sarah Mitchell Secretary | Officer | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $70,820 |
Investment income | $3 |
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 | $216,485 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $115,970 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,089 |
Payroll taxes | $8,213 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,526 |
Advertising and promotion | $0 |
Office expenses | $3,489 |
Information technology | $2,021 |
Royalties | $0 |
Occupancy | $0 |
Travel | $40 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $719 |
All other expenses | $0 |
Total functional expenses | $210,391 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,718 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,000 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $23,718 |
Accounts payable and accrued expenses | $2,559 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $2,559 |
Net assets without donor restrictions | $21,159 |
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 |
Total liabilities and net assets/fund balances | $21,159 |
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