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← AGLAUNCH INITIATIVE

Form 990 for tax year 2023

Filed by AGLAUNCH INITIATIVE.

Totals

Total revenue
$2,462,523
Total expenses
$2,645,156
Contributions and grants received
$2,457,573
Grants paid
$644,018
Program service revenue
$0
Investment income
$4,950
Other revenue
$0
Total assets, end of year
$1,117,960
Total liabilities, end of year
$925,202
Net assets or fund balances, end of year
$192,758
Program services expenses (Part IX)
$2,045,352
Management and general expenses
$587,706
Fundraising expenses
$12,098
Program service expenses (Part III)
$2,045,352

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,175,339

  • 1f · All other contributions, gifts and grants

    $1,282,234

  • 3 · Investment income

    total $4,950 · excluded $4,950

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $629,018 · program services $629,018

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $167,975 · program services $148,607 · management and general $16,294 · fundraising $3,074

  • 7 · Other salaries and wages

    total $905,045 · program services $630,887 · management and general $267,579 · fundraising $6,579

  • 8 · Pension plan contributions

    total $28,984 · program services $20,830 · management and general $7,886 · fundraising $268

  • 9 · Other employee benefits

    total $112,403 · program services $66,320 · management and general $44,652 · fundraising $1,431

  • 10 · Payroll taxes

    total $80,661 · program services $57,968 · management and general $21,947 · fundraising $746

  • 11b · Fees: legal

    total $26,448 · management and general $26,448

  • 11c · Fees: accounting

    total $55,639 · program services $5,539 · management and general $50,100

  • 11g · Fees: other

    total $287,074 · program services $270,406 · management and general $16,668

  • 12 · Advertising and promotion

    total $12,992 · program services $8,783 · management and general $4,209

  • 13 · Office expenses

    total $5,722 · program services $3,703 · management and general $2,019

  • 14 · Information technology

    total $53,930 · program services $20,095 · management and general $33,835

  • 16 · Occupancy

    total $23,197 · management and general $23,197

  • 17 · Travel

    total $50,896 · program services $46,244 · management and general $4,652

  • 19 · Conferences, conventions and meetings

    total $110,109 · program services $101,625 · management and general $8,484

  • 23 · Insurance

    total $6,154 · management and general $6,154

  • 24a · Other expenses: OTHER EXPENSES

    total $37,817 · program services $578 · management and general $37,239

  • 24b · Other expenses: SUPPLIES

    total $17,082 · program services $16,891 · management and general $191

  • 24c · Other expenses: PAYROLL SERVICES

    total $7,187 · management and general $7,187

  • 24d · Other expenses: BUSINESS DEVELOPMENT

    total $4,567 · program services $1,324 · management and general $3,243

  • 24e · All other expenses

    total $7,256 · program services $1,534 · management and general $5,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,541,789 · end of year $568,228

  • 3 · Pledges and grants receivable

    beginning of year $443,175 · end of year $441,497

  • 7 · Other notes and loans receivable

    beginning of year $142,196 · end of year $106,735

  • 15 · Other assets

    beginning of year $2,500 · end of year $1,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,733 · end of year $70,917

  • 19 · Deferred revenue

    beginning of year $1,709,536 · end of year $804,285

  • 25 · Other liabilities

    beginning of year $0 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $375,391 · end of year $192,758

Mission and programs · 2023

Mission

AGLAUNCH ATTRACTS, CREATES AND GROWS AGTECH STARTUPS, FACILITATES THE DEVELOPMENT OF NEW AGRICULTURE AND FOOD VALUE-CHAINS, AND BUILDS COLLABORATIVE FARMER NETWORKS, WITH A COMMITMENT TO INTENTIONAL INCLUSION.

Activities or mission (Part I)

AGLAUNCH CATALYZES THE TRANSFORMATION OF REGIONAL AGRICULTURE AND FOOD ECONOMIES.

  • ACCELERATOR PROCESSES: SUPPORT FOR STARTUP COMPANIES THAT ARE SOLVING FARM LEVEL SUSTAINABILITY PROBLEMS WORKING WITH FARMERS. ACCELERATOR PROCESS INCLUDING SEVERAL COHORT BASED APPROACHES, WITH FOLLOW-ON MENTOR PROGRAM.

    Expenses $2,045,352 · Grants $644,018

As filed on the 2023 return.

Listed in Part VII

  • Arielle Moinester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corinne Gould

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fayre Crossley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Lavert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rhedona Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcus Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter A Nelson

    EXECUTIVE DIRECTOR/PRESIDE

    Total calculated
    $182,394
    From this org
    $167,974
    From related orgs
    $0
    Other
    $14,420
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,974
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,420
    Filer's total
    $182,394

  • Margaret Oldham

    VP OF INNOVATION

    Total calculated
    $147,081
    From this org
    $142,519
    From related orgs
    $0
    Other
    $4,562
    Hours/week
    40

  • Rajah Brown

    VP OF OPERATIONS

    Total calculated
    $123,430
    From this org
    $120,480
    From related orgs
    $0
    Other
    $2,950
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AGLAUNCH HOLDINGS INC

    C · STIMULATE INVESTMENT AND INNOVATION IN AGRICULTURE · TN · 100% owned · share of income $1,078,125 · share of assets $339,367

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202531349349302348

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