Hemp Innovations Foundation

Organization Overview

Hemp Innovations Foundation is located in Washington, DC. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hemp Innovations Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Hemp Innovations Foundation generated $30.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 73.3% each year . All expenses for the organization totaled $15.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PRODUCE SCIENTIFIC AND EDUCATIONAL PROGRESS AROUND THE PRODUCTION AND MANUFACTURING OF HEMP AND HEMP PRODUCTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION JUST STARTED IN 2021 AND HAD NO SPECIFIC PROGRAM SERVICE ACCOMPLISHMENTS OUTSIDE OF THE OPERATION BEGINNING OF ITS WORK


HEMP INNOVATIONS FOUNDATION A 501(C)3 NON-PROFIT HAS FUNDED A RESEARCH PROJECT CALLED HEMP RECYCLES. THIS RESEARCH WILL PURSUE RECYCLABILITY TESTING OF HEMP FIBERS USED FOR PAPER MAKING. THE GOAL IS TO COLLECT DATA THAT WILL DETERMINE POTENTIAL LONG-TERM ENVIRONMENTAL IMPACTS OF USING HEMP-BASED PAPER RATHER THAN RELYING ON WOOD FIBER PAPERS THAT PERPETUATE PRACTICES LEADING TO DEFORESTATION AND DISRUPTION OF ECOSYSTEMS. IT IS OFTEN REPEATED THAT HEMP PAPER CAN BE RECYCLED UP TO 8 TIMES, COMPARED TO JUST 3 TIMES FOR PAPER MADE FROM WOOD PULP. BUT IS THAT ACTUALLY TRUE? WE ARE GOING TO FIND OUT. THE RESEARCH WILL BE CONDUCTED WITH A COLLABORATION WITH WESTERN MICHIGAN UNIVERSITY (WMU) THROUGH THEIR PILOT RECYCLING PROGRAM. THE LEAD CONSULTANT AND DIRECTOR OF WMU'S PAPER PILOT PLANTS, LON PSCHIGODA, WILL CONDUCT THE MOST EFFECTIVE STUDIES TO DETERMINE THE VIABILITY OF HEMP FIBER PAPER PULP VERSUS THE TRADITIONAL WOOD PAPER PULP MOST COMMONLY USED TODAY. VARIOUS WOOD PULPS WILL BE TESTED IN TERMS OF THE NUMBER OF CYCLES THEY CAN WITHSTAND AND A PARALLEL SERIES OF TESTS WILL BE DONE WITH HEMP PULP PROVIDED BY HEMP PRESS. THE FINAL RESULTS OF THIS RESEARCH WILL PROVIDE US WITH SCIENTIFIC DATA REGARDING THE DURABILITY OF HEMP FIBER PULP FOR PAPER AND THE IMPLICATIONS OF ITS RECYCLABILITY ON THE ENVIRONMENT AT LARGE. THE PROPOSED STUDY WILL PROVIDE QUANTIFIABLE DATA WHICH WILL BE MADE WIDELY AVAILABLE AND WILL DEMONSTRATE THE ADVANTAGES OF PRESERVING THE TREE CANOPY TO COMBAT CLIMATE CHANGE WHILE PRODUCING A PAPER PRODUCT THAT IS MORE ROBUST, SEQUESTERS CARBON, IS LESS EXPENSIVE, AND CAN BE RECYCLED MORE TIMES THAN TREE-BASED PAPER. "THIS RESEARCH IS THE CULMINATION OF MORE THAN A DECADE OF HEMP PAPER INNOVATION AT HEMP PRESS. OUR AIM IS TO ESTABLISH HEMP AS THE PREEMINENT ALTERNATIVE FIBER NEEDED TO PROTECT AND PRESERVE THE MOST EFFECTIVE AND WIDELY DISTRIBUTED CARBON CAPTURE DEVICE ON EARTH, OUR ANCIENT AND ENDANGERED FORESTS." SAID MATTHEW GLYER, FOUNDER AND CEO OF HEMP PRESS AND EXECUTIVE DIRECTOR OF THE HEMP RECYCLES PROJECT AT ROOT RESEARCH FOUNDATION. "THIS IS AN EXCITING AND TIMELY INVESTIGATION INTO THE POTENTIAL BENEFITS OF AN ALTERNATE FIBER SOURCE (HEMP). WE ARE HONORED TO BE THE CHOSEN TECHNICAL PARTNER FOR THIS STUDY AND VERY MUCH LOOK FORWARD TO THE EXECUTION OF THE STUDY AS WELL THE SHARING OF THE RESULTS. NON-WOOD PULPS ARE CONTINUING TO GROW IN POPULARITY, BUT THERE IS STILL MUCH WE CAN BETTER UNDERSTAND." SAID LON PSCHIGODA, DIRECTOR OF WMU'S PAPER PILOT PLANTS. "THE NHA AND HIF TRULY BELIEVE THIS TYPE OF RESEARCH THAT SEPARATES FACT FROM FICTION IS EXACTLY WHAT THE INDUSTRY NEEDS. HEMP FOR PAPER PRODUCTS HOLDS SO MUCH POTENTIAL AND THIS RESEARCH WILL PROVIDE LONG-TERM BENEFITS WELL BEYOND THE LIFE OF THE PROJECT.", SAID ERICA STARK, EXECUTIVE DIRECTOR OF NATIONAL HEMP ASSOCIATION AND HEMP INNOVATIONS FOUNDATION. THE ULTIMATE GOAL OF THE PROJECT IS TO DEMONSTRATE THE PRACTICALITY AND SUSTAINABILITY OF NON-WOOD HEMP FIBER PAPER AS AN ALTERNATIVE TO WOOD FIBER PAPER, AND TO ESTABLISH REGIONAL HEMP FIBER AND PULP SUPPLY CHAINS WITH LOCAL FARMERS, THEREBY INVIGORATING THE DOMESTIC ECONOMY FROM FIELD TO SHEET.


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Board, Officers & Key Employees

Name (title)Compensation
Erica Mcbride
Executive Director
$0
Alex Seleznov
Treasurer
$0
Geoff Whaling
Chairman
$0
Faye Coleman
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$15,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,050
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,050
Total Program Service Revenue$0
Investment income $0
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 $30,050

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