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EIN 47-5042107

Austin Community Growth Ventures

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Austin
State
Minnesota
Year formed
2015
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Austin Community Growth Ventures serves as a research accelerator for biotechnology companies involved in economic development. The organization, established as a 501(c)(3) charitable organization by the Development Corporation of Austin, promotes, encourages, and aids in the creation of an innovative ecosystem that supports education. Its services include providing office and laboratory space and access to equipment, research collaboration with faculty and staff of the Hormel Institute, a program of the University.
Related structure
Austin Community Growth Ventures is a subordinate organization under Development Corporation of Austin.
Total revenues
$162,652
2023
Total expenses
$202,293
2023
Total assets
$259,300
2023
Num. employees
0
2023

Program areas at Austin Community Growth Ventures

To serve as a research accelerator for biotechnology companies involved in economic development by providing office and laboratory space and access to equipment, research collaboration with faculty and staff of the hormel institue, a program of the university of Minnesota and students, faculty and staff of riverland Community college, a member of Minnesota state colleges and universities in the city of Austin, Minnesota. Provides business education to small business owners and aspiring entrepreneurs.

Grants made by Austin Community Growth Ventures

GranteeGrant descriptionAmount
Venn FoundationAustin Community Growth Ventures (Acgv) Worked With Venn Foundation in Supporting Technology Commercialization Efforts at the Hormel Institute (Hi). Funds Went To the Venn Foundation To Structure Program-Related Investments (Pris) That Would Support Advancing Hormel Institute Research Commercialization. From Venn, Pri Funds Went To Scientists To Further Discoveries That Had Commercialization Potential.$60,000

Who funds Austin Community Growth Ventures

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Hormel FoundationCommunity Projects$138,813
Schwab Charitable FundPublic, Societal Benefit$10,000
Astrup Family FoundationUnrestricted General$5,000

Personnel at Austin Community Growth Ventures

NameTitleCompensation
John GarryExecutive Director$0
Gail DennisonSecretary$0
Nathan AnnisTreasurer / Board Member$0
Geoff SmithChair / Board Member$0
Kelly WaddingChair$0

Financials for Austin Community Growth Ventures

RevenuesFYE 12/2023
Total grants, contributions, etc.$144,907
Program services$0
Investment income and dividends$320
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$17,570
Net gain from sale of non-inventory assets$-145
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$162,652

Form 990s for Austin Community Growth Ventures

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-07990View PDF
2022-122023-11-07990View PDF
2021-122022-11-07990View PDF
2020-122021-11-15990View PDF
2019-122021-02-26990View PDF
...and 4 more Form 990s
Data update history
July 12, 2024
Received grants
Identified 3 new grant, including a grant for $138,813 from The Hormel Foundation
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Received grants
Identified 5 new grant, including a grant for $43,695 from The Hormel Foundation
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsResearch centersChapter / child organizationsCharities
Issues
Science and technologyCommunity improvementEconomic development
Characteristics
Conducts researchState / local levelTax deductible donationsNo full-time employees
General information
Address
329 N Main St Suite 106l
Austin, MN 55912
County
Mower County, MN
Phone
(507) 433-9495
IRS details
EIN
47-5042107
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Subordinate organization
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