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Nonprofiteer
← 39 NORTH AGTECH INNOVATION DISTRICT

Form 990 for tax year 2024

Filed by 39 NORTH AGTECH INNOVATION DISTRICT.

Totals

Total revenue
$484,842
Total expenses
$744,304
Contributions and grants received
$441,277
Grants paid
$0
Program service revenue
$43,565
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,740,188
Total liabilities, end of year
$954,809
Net assets or fund balances, end of year
$785,379
Program services expenses (Part IX)
$499,673
Management and general expenses
$210,823
Fundraising expenses
$33,808
Program service expenses (Part III)
$499,673

Program services were 67.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $441,277

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: The Hub-Agricultural Resource Center

    total $43,565 · related or exempt $43,565 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $207,000 · program services $114,264 · management and general $72,446 · fundraising $20,290

  • 7 · Other salaries and wages

    total $136,262 · program services $134,662 · management and general $1,600

  • 10 · Payroll taxes

    total $17,469 · program services $10,229 · management and general $6,232 · fundraising $1,008

  • 11b · Fees: legal

    total $21,756 · program services $608 · management and general $21,138 · fundraising $10

  • 11c · Fees: accounting

    total $33,355 · management and general $33,355

  • 11g · Fees: other

    total $87,198 · program services $72,873 · management and general $12,581 · fundraising $1,744

  • 12 · Advertising and promotion

    total $3,726 · program services $2,530 · management and general $1,196

  • 13 · Office expenses

    total $17,586 · program services $10,369 · management and general $7,214 · fundraising $3

  • 14 · Information technology

    total $21,360 · program services $9,281 · management and general $11,588 · fundraising $491

  • 16 · Occupancy

    total $169,180 · program services $120,654 · management and general $38,711 · fundraising $9,815

  • 17 · Travel

    total $6,093 · program services $6,093

  • 19 · Conferences, conventions and meetings

    total $18,834 · program services $15,794 · management and general $2,783 · fundraising $257

  • 22 · Depreciation, depletion and amortization

    total $126 · program services $90 · management and general $29 · fundraising $7

  • 23 · Insurance

    total $4,359 · program services $2,226 · management and general $1,950 · fundraising $183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,931 · end of year $60,746

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $977,702 · end of year $727,644

  • 4 · Accounts receivable

    beginning of year $736

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $20,468

  • 10a · Land, buildings and equipment: cost or other basis

    $8,843

  • 10b · Land, buildings and equipment: accumulated depreciation

    $126

  • 10c · Land, buildings and equipment, net

    end of year $8,717

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $5,000 · end of year $922,613

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,280 · end of year $954,809

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,044,089 · end of year $785,379

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

39 North aims to be the agri-food tech/plant science hub that brings together people, resources, and facilities to grow St. Louis' economy and global reputation.

  • Support the startup and scaleup of early-stage companies and connect agtech and agri-food tech innovators with one another to help form connections and collaborations. 39 North hosted 21 events in 2024. Over 400 agtech innovators attended regular 39 North events at The Hub in 2024, representing more than 39 companies. 39 North expanded the resource section of its website to help provide additional resources for companies. In addition, as part of the office and lab graduation space study, 39 North identified the future needs of companies within the footprint to better accommodate needs.

    Expenses $211,046

  • Amplify and develop the local, national, and international agtech narrative to help inform and educate people about St. Louis' agtech leadership. 39 North gave a total of 25 tours in 2024 to over 300 individuals, many of whom were from outside of the St. Louis region and were considering relocating or increasing their economic activity in St. Louis. 39 North gave approximately 11 relavant talks and panels in 2024 to amplify the agtech narrative for St. Louis. In addition, 39 North attended 29 events outside of the district to amplify the narrative locally, nationally and internationally. Notably, 39 North hosted two notable and prestigious "platform" events at The Hub in 2024 that brought national and international audiences to St. Louis, many for the first time. The XPrize Agtech Brainstorming Event, brought 50 leading agtech experts and representatives from major corporations together to discuss the future of ag. The Association for Corporate Growth AgTech Investor Conference brought over 120 investors from across North America to 39 North to discuss agtech investment trends and meet local growing companies.

    Expenses $211,045

  • Developing the physical footprint of 39 North to create opportunities for early-stage agtech and agri-food tech companies to grow and scale. Opened The Hub at 39 North, a 10,000 sq/ft mixed-use co-working, meeting, and event space for growing agtech companies. In 2024 The Hub proved a successful tool in helping 39 North to develop the physical footprint of the district to benefit growing agtech companies. The Hub was used by companies for over 760 hours of meetings, events, and co-working in 2024, and 9 companies joined The Hub full time as members. In addition to The Hub, 39 North also developed the physical footprint of 39 North by completing two key studies for the future development of the district, one to identify the feasibility of lab and office graduation space within 39 North and in proximity to the Helix Center Incubator, and one to identify the existing conditions of the 600-acre footprint of 39 North to enable future development.

    Expenses $77,582 · Revenue $117,815

As filed on the 2024 return.

Listed in Part VII

  • Emily Lohse-Busch

    Executive Director

    Total calculated
    $207,000
    From this org
    $207,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $207,000

  • Michael DeCamp

    Board Chair

    Total calculated
    $0
    Hours/week
    3

  • Stephanie Regagnon

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Christi Dixon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • F Nikki Davis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Chris Danforth

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Timothy Nowak

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brian Salmo

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Samuel Murphey

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.0
Source object
202533119349303818

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