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← AGTECH INNOVATION ALLIANCE

Form 990 for tax year 2022

Filed by AGTECH INNOVATION ALLIANCE.

Totals

Total revenue
$831,592
Total expenses
$709,353
Contributions and grants received
$523,951
Grants paid
$0
Program service revenue
$307,641
Investment income
$0
Other revenue
$0
Total assets, end of year
$973,662
Total liabilities, end of year
$307,881
Net assets or fund balances, end of year
$665,781
Program services expenses (Part IX)
$579,548
Management and general expenses
$129,805
Fundraising expenses
$0
Program service expenses (Part III)
$482,556

Program services were 81.7% 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.

  • 1b · Membership dues

    $3,641

  • 1e · Government grants (contributions)

    $220,202

  • 1f · All other contributions, gifts and grants

    $300,108

  • 2a · Program service revenue: Incubator Services

    total $305,731 · related or exempt $305,731

  • 2b · Program service revenue: Education Services

    total $1,910 · related or exempt $1,910

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $395 · program services $395

  • 7 · Other salaries and wages

    total $66,140 · management and general $66,140

  • 9 · Other employee benefits

    total $2,036 · management and general $2,036

  • 10 · Payroll taxes

    total $16,367 · management and general $16,367

  • 11a · Fees: management

    total $15,637 · program services $15,637

  • 12 · Advertising and promotion

    total $246 · management and general $246

  • 13 · Office expenses

    total $14,566 · management and general $14,566

  • 16 · Occupancy

    total $215,444 · program services $215,444

  • 20 · Interest

    total $14,767 · management and general $14,767

  • 22 · Depreciation, depletion and amortization

    total $100,008 · program services $100,008

  • 23 · Insurance

    total $9,079 · management and general $9,079

  • 24a · Other expenses: Expensed Durable Equipment

    total $213,139 · program services $213,139

  • 24b · Other expenses: Lab Supplies & Services

    total $34,925 · program services $34,925

  • 24c · Other expenses: Dues & Subscriptions

    total $3,500 · management and general $3,500

  • 24d · Other expenses: Taxes, Licenses & Fees

    total $3,233 · management and general $3,233

  • 24e · All other expenses

    total -$129 · management and general -$129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,494 · end of year $57,765

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,000 · end of year $31,000

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

    $1,030,661

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

    $145,764

  • 10c · Land, buildings and equipment, net

    beginning of year $757,564 · end of year $884,897

  • 17 · Accounts payable and accrued expenses

    end of year $6,589

  • 21 · Escrow or custodial account liability

    beginning of year $15,000 · end of year $27,050

  • 24 · Unsecured notes and loans payable

    beginning of year $397,516 · end of year $274,242

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$61,154 · end of year $122,239

  • 31 · Retained earnings, endowment or other funds

    beginning of year $604,696 · end of year $543,542

Mission and programs · 2022

Mission

We accelerate innovation in our global food system providing education mentorship & incubation services to startup companies commercializing Ag|Food|Health innovations.

Activities or mission (Part I)

We accelerate innovation in our food system by providing education mentorship incubation srvcs to startups commercializing agfood tec

  • AIA operates The Lab@AgStart, an incubator for science-based startup companies in Woodland, CA. The Lab@AgStart houses and supports regional Ag|Food|Health technology startups to advance innovation in our global food system and grow economic activity in Woodland and the surrounding Greater-Sacramento region. Revenues include user fees that help offset the cost of operations. Expenses include equipment, consumable supplies, occupancy and specialized services to operate and maintain the facility.

    Expenses $482,161 · Revenue $305,731

  • Education and mentorship of innovators and entrepreneurs pursuing Ag-& -Food innovation in AgStart's Greater-Sacramento region and beyond. Monthly Office Hours mentoring sessions, in-person and virtual speaker sessions. Hosted several sessions of education and mentorship for Canadian AgTech entrepreneurs in conjunction with Canadian consulate. Revenues include contracted services. Expenses include meetup expenses and refreshments.

    Expenses $395 · Revenue $1,910

As filed on the 2022 return.

Listed in Part VII

  • Ken Hiatt

    Ch Finl Officer

    Total calculated
    $0
    Hours/week
    1
  • Trish Kelly

    Secretary

    Total calculated
    $0
  • John Selep

    President Board Chair

    Total calculated
    $0
    Hours/week
    20
  • Matthew Peyret

    Director

    Total calculated
    $0
  • Pam Marrone

    Director

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202331179349302103

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