Public Charity

AUSTIN COMMUNITY GROWTH VENTURES

AUSTIN COMMUNITY GROWTH VENTURES is a Public Charity headquartered in AUSTIN, MN. Financial data from the 2024 filing: $152K revenue, $182K expenses, $213K total assets. 26 publicly reported grants to this organization, totaling roughly $1.1M, appear in IRS filings.

EIN: 475042107 AUSTIN, MN Single Organization Support NTEE: S11 Latest filing: 2024
Total Revenue$152K
Total Expenses$182K
Total Assets$213K
Grant Records26
Funding Total$1.1M
Filing Years2019–2024

Mission

AUSTIN COMMUNITY GROWTH VENTURES (ACGV) WAS ESTABLISHED AS A 501(C)(3) CHARITABLE ORGANIZATION BY THE DEVELOPMENT CORPORATION OF AUSTIN WITH THE OVERALL GOAL TO PROMOTE, ENCOURAGE, AND AID IN THE CREATION OF AN INNOVATIVE ECOSYSTEM THAT SUPPORTS EDUCATION, CREATES QUALITY JOBS, AND INCREASES THE NEW APPLICATION OF BIOTECHNOLOGY, AGIRCULTURAL TECHNOLOGY, AND FOOD SCIENCE. ACGV WILL SERVE AS A KEY FACILITATOR IN AFFORDING EARLY STAGE COMPANIES AND DEVELOPED COMPANIES A CHANCE TO SUCCEED BY PROVIDING EDUCATION AND TRAINING IN IDEA DEVELOPMENT ASSISTANCE, PATENT SUBMISSION, BUSINESS PLANNING ASSISTANCE, AND FINANCING.

Where $100 goes at Austin Community Growth Ventures

How Austin Community Growth Ventures divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
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…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Craig Johnson
DIRECTOR Dan Hoffman
SECRETARY/TREASURER Gail Dennison
CHAIR Geoff Smith
EXECUTIVE DIRECTOR - DCA John Garry
DIRECTOR Phil Minerich

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,064,433 24 grants
Health & Medicine
$7,500 1 grant
Unspecified
$20,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $152K $182K $213K
2023 $163K $202K $259K
2022 $187K $348K $295K
2020 $1.1M $35.5M $1.3M
2019 $20.7M $1.0M $35.8M

Between 2019 and 2024, reported annual revenue declined from $20.7M to $152K (-99%), with total assets most recently reported at $213K.

Interactive year-over-year charts and full filing details available with membership.

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