Totals
- Total revenue
- $679,777
- Total expenses
- $874,034
- Contributions and grants received
- $107,390
- Grants paid
- $40,000
- Program service revenue
- $572,387
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $746,509
- Total liabilities, end of year
- $147,809
- Net assets or fund balances, end of year
- $598,700
- Program services expenses (Part IX)
- $842,744
- Management and general expenses
- $31,290
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $841,751
Program services were 96.4% 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
$1,590
-
1f · All other contributions, gifts and grants
$105,800
-
2a · Program service revenue: Incubation Services
total $556,801 · related or exempt $556,801
-
2b · Program service revenue: Education & Mentorship
total $15,586 · related or exempt $15,586
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $40,000 · program services $40,000
-
4 · Benefits paid to or for members
total $542 · program services $542
-
7 · Other salaries and wages
total $65,900 · program services $65,900
-
8 · Pension plan contributions
total $10,488 · program services $10,488
-
10 · Payroll taxes
total $23,176 · program services $23,176
-
11a · Fees: management
total $31,550 · program services $31,550
-
12 · Advertising and promotion
total $550 · management and general $550
-
13 · Office expenses
total $4,594 · management and general $4,594
-
16 · Occupancy
total $480,570 · program services $480,570
-
17 · Travel
total $994 · program services $994
-
19 · Conferences, conventions and meetings
total $4,990 · management and general $4,990
-
20 · Interest
total $5,421 · management and general $5,421
-
22 · Depreciation, depletion and amortization
total $155,230 · program services $155,230
-
23 · Insurance
total $10,313 · management and general $10,313
-
24a · Other expenses: Lab Consummables Supplies
total $16,095 · program services $16,095
-
24b · Other expenses: Lab-Specific Services
total $14,132 · program services $14,132
-
24c · Other expenses: Licenses & Taxes
total $4,163 · management and general $4,163
-
24d · Other expenses: Storage & Transport
total $3,527 · program services $3,527
-
24e · All other expenses
total $1,799 · program services $540 · management and general $1,259
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $169,287 · end of year $51,801
-
9 · Prepaid expenses and deferred charges
beginning of year $31,000 · end of year $31,000
-
10a · Land, buildings and equipment: cost or other basis
$1,118,188
-
10b · Land, buildings and equipment: accumulated depreciation
$454,480
-
10c · Land, buildings and equipment, net
beginning of year $818,938 · end of year $663,708
-
17 · Accounts payable and accrued expenses
beginning of year -$2,445 · end of year $2,972
-
21 · Escrow or custodial account liability
beginning of year $40,163 · end of year $42,963
-
24 · Unsecured notes and loans payable
beginning of year $188,549 · end of year $101,874
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $127,177 · end of year -$194,259
-
31 · Retained earnings, endowment or other funds
beginning of year $665,781 · end of year $792,959
Mission and programs · 2024
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 AgriFoodTech innovations
-
AIA operates The LabAgStart, an incubator for science-based startup companies in Woodland, CA. The LabAgStart houses and supports regional AgriFoodTech 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 occupancy, equipment, maintenance, consumable supplies, and specialized services to operate and maintain the facility.
Expenses $670,094 · Revenue $556,801
-
In 2023, AgStart launched AgTech Nation, a collaborative nationwide network of AgriFoodTech entrepreneur-support organizations to better support and connect regional entrepreneurs to the mentors, connections and resources they need to succeed. Launched in 2023 using an award from the U.S. SBA, AgStart has continued to roll this program out in in 2024 and 2025, distributing funds to support other regional entrepreneur-support organization and impleenting training programs to educate their entrepreneurs.
Expenses $60,000 · Grants $40,000
-
Education and mentorship of innovators and entrepreneurs pursuing Agri Food innovation in AgStarts Greater-Sacramento region and beyond. Monthly meetups, mentoring sessions, in-person and virtual speaker sessions. Revenue includes membership fees, and services agreements with sponsoring organizations. Expenses include staffing costs and contractor expenses for subject-matter experts to mentor entrepreneurs and meetup expenses.
Expenses $111,657 · Revenue $15,586
As filed on the 2024 return.
Listed in Part VII
-
Ken HiattKEN HIATT
Ch Finl Officer
- Total calculated
- $0
- Hours/week
- 0
-
Trish KellyTRISH KELLY
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
John SelepJOHN SELEP
President Board Chair
- Total calculated
- $0
- Hours/week
- 20
-
Pam MarronePAM MARRONE
Director
- Total calculated
- $0
- Hours/week
- 0
-
Alberto IandolinoALBERTO IANDOLINO
Director
- Total calculated
- $0
- Hours/week
- 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
-
Western Growers Service Co
$10,000
Stipend for AgTech Nation
-
$10,000
Stipend for AgTech Nation
-
$5,000
Stipend for AgTech Nation
-
$5,000
Stipend for AgTech Nation
-
$5,000
Stipend for AgTech Nation
-
$5,000
Stipend for AgTech Nation
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541199349302164
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