The Florida Hemp Council Inc
- Assets
- $4.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Davie, FL
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-2021967
Organization Overview
The Florida Hemp Council Inc is located in Davie, FL. The organization was established in 2019. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Florida Hemp Council Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Hemp Council 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 12/2021, Florida Hemp Council Inc generated $190.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $198.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CREATING A THRIVING ECOSYSTEM AIMED AT CATAPULTING THE FLORIDA HEMP INDUSTRY TO THE FOREFRONT AS LEADERS IN HEMP AND HEMP PRODUCT PRODUCTION BY REPRESENTING ALL CHANNELS OF THE STATE'S ECONOMIC ENGINE, FROM FARMERS TO RETAILERS TO HELP ALL CHANNELS STAY CONNECTED TO ONE ANOTHER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Smith Board Member | 0.25 | $0 | |
Bruce Vanaman Board Member | 0.25 | $0 | |
Arby Barroso Board Member | 0.25 | $0 | |
Chris Marrie Board Member | 0.25 | $0 | |
Gabriel Suarez Board Member | 0.25 | $0 | |
Sarah Groves Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $165,596 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $190,596 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $163,984 |
| Professional fees and other payments to independent contractors | $7,601 |
| Occupancy, rent, utilities, and maintenance | $10,000 |
| Printing, publications, postage, and shipping | $7,144 |
| Other expenses | $9,279 |
| Total expenses | $198,008 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,267 |
| Other assets | $0 |
| Total assets | $4,267 |
| Total liabilities | $30,000 |
| Net assets or fund balances | -$25,733 |