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US Hemp Roundtable INC

Lexington, KYUnknown exempt organization EIN 82-0770941Revenue $1.2M in FY2024

On file with the IRShempsupporter.com250 W Main Street Suite 2800 · Lexington, KY

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The mission of the u.s. Hemp Roundtable is to ensure science driven, equitable, and inclusive law and regulation for Hemp agriculture and the Hemp oilseed, fiber, cbd, cannabinoid, and extract industries.

94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $51K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+49% vs prior year
Spent
$931K
To programs
94%
Net assets
$513K
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.4M
FY2022$853K
FY2023$784K
FY2024$1.2M
Expenses
$931K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.0M
FY2023$853K
FY2024$931K
Net assets
$513K
FY2024▲ +84%
Tap a bar for its year
Net assets by fiscal year
FY2020$529K
FY2021$542K
FY2022$347K
FY2023$278K
FY2024$513K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $879K Management & general 6% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Pete Meachum Term Ended
Director/President
$0Pt VII · Sec A
Clifford Starke
Director/VP
$0Pt VII · Sec A
$0Pt VII · Sec A
See US Hemp Roundtable INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advocates for fair hemp laws and regulations for its agriculture and industries.

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Provided by the organization

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1 program · $879K · in their own filed words · FY2024
01

To carry on the work of enhancing, advancing and improving economic and business conditions for the hemp industry.

$879Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$3K
Money outPt IX
$931K
Ln 25
Programscol B$879K
Managementcol C$53K
Owns and owesPt X
$513K
net assets · Ln 32
Cash and savingsLn 1–2$513K
Total assetsLn 16$513K
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$3K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$513K
Cash and savings togetherLn 1–2$513K
Total assetsLn 16$513K
LiabilitiesLn 26$0
Net assetsLn 32$513K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$278K$513K
Total assetsLn 16$278K$513K
LiabilitiesLn 26$0$0
Net assetsLn 32$278K$513K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$96K$77K$19K
Legal feesLn 11b$71K$57K$14K
Lobbying feesLn 11d$616K$616K
Other fees for servicesLn 11g$37K$30K$7K
Advertising and promotionLn 12$52K$52K
Office expensesLn 13$28K$22K$6K
TravelLn 17$25K$20K$5K
InsuranceLn 23$5K$4K$1K
Total functional expensesLn 25$931K$879K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$931K$235K$513K 990 PDF
FY2023 $784K$853K−$69K$278K 990 PDF
FY2022 $853K$1.0M−$195K$347K 990 PDF
FY2021 $1.4M$1.4M−$949$542K 990 PDF
FY2020 $1.6M$1.3M$285K$529K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,165,868 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $782,254$1,162,605
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,774$3,263
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $784,028$1,165,868
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $853,061$931,134
I-18 Total expensesPrior year $853,061$931,134
I-19 Revenue less expensesPrior year −$69,033$234,734
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,165,868 across 4 lines filed
VIII-1b Membership dues$1,162,605
VIII-1h Total contributions, gifts and grants$1,162,605
VIII-3 Investment incomeExcluded from tax $3,263$3,263
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,263$1,165,868
Part IX · Statement of functional expenses $931,134 across 8 lines filed
IX-11a Management feesPrograms $77,005 · Management $19,251$96,256
IX-11b Legal feesPrograms $56,793 · Management $14,198$70,991
IX-11d Lobbying feesPrograms $616,335$616,335
IX-11g Other fees for servicesPrograms $29,679 · Management $7,420$37,099
IX-12 Advertising and promotionPrograms $51,867$51,867
IX-13 Office expensesPrograms $22,377 · Management $5,594$27,971
IX-17 TravelPrograms $20,241 · Management $5,060$25,301
IX-23 InsurancePrograms $4,251 · Management $1,063$5,314
IX-25 Total functional expensesPrograms $878,548 · Management $52,586 · Fundraising $0$931,134
Part X · Balance sheet $512,841 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $278,107$512,841
X-16 Total assetsStart of year $278,107$512,841
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $278,107$512,841
X-33 Total liabilities and net assetsStart of year $278,107$512,841
Part XI · Reconciliation of net assets $512,841 net assets at year end
XI-1 Total revenue$1,165,868
XI-2 Total expenses$931,134
XI-3 Revenue less expenses$234,734
XI-4 Net assets at start of year$278,107
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$512,841

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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