Cannabis Association Of New York
- Assets
- $159.2k
- Revenue
- $457.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Cortland, NY
- Founding
- Data as of
- 12/2022
- EIN
- 83-3986277
Organization Overview
Cannabis Association Of New York is located in Cortland, NY. As of 12/2022, Cannabis Association Of New York employed 2 individuals. Cannabis Association Of New York 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 12/2022, Cannabis Association Of New York generated $457.5k in total revenue. All expenses for the organization totaled $363.5k during the year ending 12/2022. While expenses have increased by 69.0% per year over the past 2 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
THE CORPORATION (CANY) OPERATES AS A TRADE ASSOCIATION COMPRISED OF MEMBERS WHO ARE NEW YORK LICENSED GROWERS, PROCESSORS AND OTHER BUSINESSES ENGAGED IN THE CANNABIS INDUSTRY IN NEW YORK STATE. CANY DEVELOPS PROGRAMS AND SERVICES THAT: (I) REPRESENT THE INTERESTS OF ITS MEMBERS IN GOVERNMENTAL AFFAIRS. (II) IMPROVE THE EDUCATION AND PROFESSIONAL ABILITIES OF ITS MEMBERS. (III) FOSTER HIGH STANDARDS OF ETHICAL BUSINESS CONDUCT AMONG ITS MEMBERS. (IV) INCREASE PUBLIC KNOWLEDGE AND VALUE OF RESPONSIBLE CANNABIS FARMING, PROCESSING AND MANUFACTURING PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION ENGAGES DIRECTLY WITH REPRESENTATIVES AT THE COUNTY, STATE, AND FEDERAL LEVELS IN EDUCATION AND ADVOCACY CAMPAIGNS INVOLVING CANNABIS. THE ASSOCIATION SEEKS TO KEEP GOVERNMENT OFFICIALS INFORMED ABOUT ISSUES FACING CANNABIS FARMERS AND PROCESSORS.
THE ASSOCIATION ENGAGES ITS MEMBERS IN EDUCATIONAL ACTIVITIES INVOLVING CANNABIS. CANY ACTS AS A CLEARINGHOUSE FOR INDUSTRY INFORMATION ON SAFE AND EFFICIENT PRACTICES.
THE ASSOCIATION CONDUCTS PUBLIC OUTREACH TO ADDRESS MISCONCEPTIONS ABOUT CANNABIS CULTIVATION, PROCESSING, AND RETAIL. THE BOARD PARTICIPATES IN PUBLIC SPEAKING EVENTS WHERE IT MAKES ITSELF AVAILABLE TO ANSWER QUESTIONS AND DISPEL MISUNDERSTANDINGS ABOUT THE CANNABIS INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Carbone Trustee | Trustee | 5 | $0 |
Owen Martinetti Trustee | Trustee | 5 | $0 |
Dan Dolgin Trustee | Trustee | 5 | $0 |
Franklin Henderson Trustee | Trustee | 5 | $0 |
Damien Cornwell Trustee | Trustee | 5 | $0 |
Allan Gandelman President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $212,038 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,805 |
| Total Program Service Revenue | $655 |
| Investment income | $1 |
| 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 | $457,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,971 |
| Payroll taxes | $4,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,701 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $65,290 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,800 |
| Office expenses | $16,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $282 |
| 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 | $10,400 |
| All other expenses | $6,517 |
| Total functional expenses | $363,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $159,228 |
| Accounts payable and accrued expenses | $0 |
| 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 | $64,640 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18 |
| Total liabilities | $64,658 |
| Net assets without donor restrictions | $0 |
| 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 | $94,570 |
| Total liabilities and net assets/fund balances | $159,228 |