Overview
What is Virginia Minority Cannabis Coalition?
The Virginia Minority Cannabis Coalition is a nonprofit organization situated in Newport News, Virginia. Their primary mission is to foster economic empowerment in minority communities by opening up opportunities in the cannabis industry. They achieve this through various initiatives, such as conducting boot camps for cannabis entrepreneurship training, offering business plan writing courses, hosting educational events in minority communities, and utilizing a video platform for leadership development and skill assessment. By providing these resources, the coalition aims to decrease disparities in life outcomes for marginalized communities of color and address the lasting negative effects of the War on Drugs on these communities.
Official website here: www.vmccequity.org
Is Virginia Minority Cannabis Coalition legitimate?
Virginia Minority Cannabis Coalition is a legitimate nonprofit organization registered as a 501(c)(4) entity. Virginia Minority Cannabis Coalition submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $33,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vmccequity.org
What is the mission statement of Virginia Minority Cannabis Coalition?
The Virginia Minority Cannabis Coalition's mission is centered around promoting economic empowerment in minority communities. This is accomplished through entrepreneurship and job training opportunities in the cannabis industry. The organization aims to decrease disparities in life outcomes for marginalized communities of color, addressing the long-term destructive impact of the War on Drugs. To achieve this, they actively work towards equitable ownership and employment opportunities in all five sectors of the cannabis industry, as well as reallocating excise tax revenue. They have implemented various programs to raise awareness in minority communities, such as a cannabis entrepreneurship training boot camp, business plan writing courses, and educational events. Additionally, they utilize video platforms for leadership training and feedback on business skills courses.
Official website here: www.vmccequity.org
Who is the CEO of Virginia Minority Cannabis Coalition?
Paul Mclean is the CEO of Virginia Minority Cannabis Coalition The CEO's salary of Virginia Minority Cannabis Coalition is $33,750 and their total compensation is $33,750.
Official website here: www.vmccequity.org
What is the revenue of Virginia Minority Cannabis Coalition?
Virginia Minority Cannabis Coalition's revenue in 2021 was $104,956.
Official website here: www.vmccequity.org
Who are the executives of Virginia Minority Cannabis Coalition and what are their salaries?
The average compensation at Virginia Minority Cannabis Coalition during 2021 was $33,750. There is 1 employee at Virginia Minority Cannabis Coalition.
Here are 6 key members and their salaries (Virginia Minority Cannabis Coalition's CEO's salary is $33,750 and their total compensation is $33,750):
- Compensation: $33,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vmccequity.org
Where can I find the form 990 for Virginia Minority Cannabis Coalition?
Virginia Minority Cannabis Coalition's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.vmccequity.org
Learn more at the official website: www.vmccequity.org
Mission Statement of Virginia Minority Cannabis Coalition
The Virginia Minority Cannabis Coalition, a nonprofit organization, is committed to promoting economic empowerment in minority communities. Their mission is twofold: firstly, they aim to decrease disparities in life outcomes for marginalized communities of color. Secondly, they strive to address the disproportionate long-term destructive impact of the War on Drugs in these communities. To achieve this, the Coalition focuses on promoting economic empowerment through equitable ownership, employment, and the reallocation of excise tax revenue in all five sectors of the cannabis industry.
In more detail, the Virginia Minority Cannabis Coalition seeks to bring awareness to the business opportunities in the Virginia cannabis industry. They provide various program services to facilitate this, such as conducting cannabis entrepreneurship training boot camps, offering courses on business plan writing, and hosting educational events in minority communities. Furthermore, the Coalition utilizes video platforms for leadership training, testing, and feedback on business skills courses. By implementing these initiatives, the Virginia Minority Cannabis Coalition aims to create opportunities for economic growth and empowerment within minority communities, addressing the historical disparities caused by the War on Drugs.
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Impact
October, 2024
The Virginia Minority Cannabis Coalition has significantly impacted minority communities by fostering economic empowerment through targeted initiatives in the cannabis industry. By promoting entrepreneurship and job training, the Coalition has opened avenues for business opportunities that were previously overlooked.
Key accomplishments include the establishment of a cannabis entrepreneurship boot camp, which equips participants with essential skills to navigate the industry. Business plan writing courses have also been provided, ensuring that aspiring entrepreneurs have the tools needed to create viable, competitive business strategies.
In addition, the Coalition has conducted five educational events specifically tailored for minority communities, raising awareness and engagement within those populations. The utilization of a video platform for leadership training and feedback on business skills courses further enhances learning and accessibility.
By addressing disparities in life outcomes for marginalized communities of color and tackling the lingering effects of the War on Drugs, the Coalition promotes equitable ownership and employment within the cannabis sector. Their mission actively contributes to reallocating excise tax revenue to foster sustainable growth and development in these communities, positioning the Virginia Minority Cannabis Coalition as a catalyst for change and empowerment.
This information is meant to be a general summary of Virginia Minority Cannabis Coalition. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $1
- Program Service Revenue: $2,455
- Gross Receipts: $104,956
Assets and Liabilities:
- Total Assets: $9,911
- Total Liabilities: $14,221
- Net Assets: -$4,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service income
Revenue
$2,455
Organization Details
Founding Year
2021
Principal Officer
Paul Mclean
Website
www.vmccequity.orgNTEE Category
Code: Z99 - Unknown
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