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← AGLAUNCH INITIATIVE

Form 990 for tax year 2022

Filed by AGLAUNCH INITIATIVE.

Totals

Total revenue
$2,426,005
Total expenses
$2,619,849
Contributions and grants received
$2,424,175
Grants paid
$422,784
Program service revenue
$0
Investment income
$1,830
Other revenue
$0
Total assets, end of year
$2,129,660
Total liabilities, end of year
$1,754,269
Net assets or fund balances, end of year
$375,391
Program services expenses (Part IX)
$2,039,413
Management and general expenses
$549,950
Fundraising expenses
$30,486
Program service expenses (Part III)
$2,039,413

Program services were 77.8% 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)

    $1,288,321

  • 1f · All other contributions, gifts and grants

    $1,135,854

  • 3 · Investment income

    total $1,830 · excluded $1,830

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $410,284 · program services $410,284

  • 2 · Grants to domestic individuals

    total $12,500 · program services $12,500

  • 5 · Compensation of officers, directors and key employees

    total $168,300 · program services $136,413 · management and general $31,688 · fundraising $199

  • 7 · Other salaries and wages

    total $853,614 · program services $597,994 · management and general $246,364 · fundraising $9,256

  • 8 · Pension plan contributions

    total $29,563 · program services $21,246 · management and general $8,044 · fundraising $273

  • 9 · Other employee benefits

    total $52,716 · program services $37,490 · management and general $14,743 · fundraising $483

  • 10 · Payroll taxes

    total $79,907 · program services $57,426 · management and general $21,742 · fundraising $739

  • 11b · Fees: legal

    total $21,466 · program services $2,353 · management and general $19,113

  • 11c · Fees: accounting

    total $46,632 · management and general $46,632

  • 11d · Fees: lobbying

    total $7,500 · fundraising $7,500

  • 11g · Fees: other

    total $425,543 · program services $412,548 · management and general $12,675 · fundraising $320

  • 12 · Advertising and promotion

    total $11,566 · program services $1,823 · management and general $9,743

  • 13 · Office expenses

    total $6,258 · program services $1,428 · management and general $4,728 · fundraising $102

  • 14 · Information technology

    total $17,721 · program services -$140 · management and general $17,861

  • 16 · Occupancy

    total $22,597 · program services $197 · management and general $22,400

  • 17 · Travel

    total $126,708 · program services $107,897 · management and general $12,368 · fundraising $6,443

  • 19 · Conferences, conventions and meetings

    total $44,484 · program services $42,135 · management and general $2,349

  • 20 · Interest

    total $91 · management and general $91

  • 23 · Insurance

    total $5,907 · management and general $5,907

  • 24a · Other expenses: AGLAUNCH ENGINE

    total $170,504 · program services $132,728 · management and general $35,792 · fundraising $1,984

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $45,396 · program services $35,461 · management and general $9,751 · fundraising $184

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $30,950 · program services $16,357 · management and general $11,593 · fundraising $3,000

  • 24d · Other expenses: SPONSORSHIPS

    total $17,554 · program services $12,054 · management and general $5,500

  • 24e · All other expenses

    total $12,088 · program services $1,219 · management and general $10,866 · fundraising $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $938,372 · end of year $1,541,789

  • 3 · Pledges and grants receivable

    beginning of year $589,697 · end of year $443,175

  • 7 · Other notes and loans receivable

    beginning of year $69,000 · end of year $142,196

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,592 · end of year $44,733

  • 19 · Deferred revenue

    beginning of year $819,700 · end of year $1,709,536

  • 23 · Secured mortgages and notes payable

    beginning of year $8,722

  • 27 · Net assets without donor restrictions

    beginning of year $671,555 · end of year $375,391

Mission and programs · 2022

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 $2,039,413 · Grants $422,784

As filed on the 2022 return.

Listed in Part VII

  • Andy McCarroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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

  • Jade Clark

    DIRECTOR OF TALENT

    Total calculated
    $108,100
    From this org
    $108,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Peter A Nelson

    EXECUTIVE DIRECTOR/PRESIDENT

    Total calculated
    $187,421
    From this org
    $169,300
    From related orgs
    $0
    Other
    $18,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,300
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,121
    Filer's total
    $187,421

  • Rebecca Kaufman

    SENIOR DIRECTOR

    Total calculated
    $117,508
    From this org
    $117,508
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Samuel Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Margaret Oldham

    DIRECTOR

    Total calculated
    $132,667
    From this org
    $132,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Paul Kennedy

    SENIOR INNOVATION SPECIALIST

    Total calculated
    $101,000
    From this org
    $101,000
    From related orgs
    $0
    Other
    $0
    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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AGLAUNCH ENGINE LLC

    MANAGE REGIONAL INNOVATION CLUSTERS FOR SMALL BUSINESS ADMINISTRATION CONTRA · TN · income $203,801 · assets $0

    Directly controlled by AGLAUNCH INITIATIVE

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 $245,704 · share of assets $280,185

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431319349300148

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