Cannabis Farmers Alliance Inc

Schedule O:

“Reasonable Cause Statement: See attached statement on page 1 regarding late filing. CFA respectfully requests abatement of any penalties, as this was the organizations first required filing and the delay was due to reasonable cause. Part I ? Other Revenue/Expenses: Approximately $42,000 of revenues and a similar amount of expenses are currently reflected in ?Other revenue and ?Other expenses categories pending further classification. CFA intends to amend this return if needed once final classifications are determined. Other Revenue: ? Unclassified ? $42,311 Other Expenses: ? Advertising ? $2,266 ? Unclassified ? $50,112 ? Bank Fees ? $110 ? Admin (printing, supplies) ? $90 ? Program Training & Conferences ? $1,706 ? Travel ? $2,046 Part II ? Other Assets & Liabilities: Other Assets: NYS Grant Receivable ? $100,000 Total Liabilities: ? Chase Ink Card ? $17,333 ? Member Reimbursements Due ? $32,178 Program Service Accomplishments: CFA was incorporated on June 27, 2024. During this short initial fiscal year, the organization focused on incorporation, governance, and compliance. No significant program service accomplishments were conducted during this period. Schedule C Clarification: CFA did not participate in or intervene in any political campaign activities during the fiscal year and made no expenditures for section 527 exempt function activities. All advocacy conducted was limited to permissible lobbying activity under section 501(c)(6).”