Nonprofit · EIN 47-5042107
AUSTIN COMMUNITY GROWTH VENTURES
Tax-exempt · AUSTIN, MN 55912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $151,725 | $182,055 | -$30,330 | $212,825 | $7,655 | $205,170 |
| December 31, 2023 | 990 | $162,652 | $202,293 | -$39,641 | $259,300 | $23,800 | $235,500 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $142,000
- Program service revenue
- $0
- Investment income
- $125
- Net rental income
- $9,600
- Other revenue
- $9,600
Expenses
- Grants and similar amounts paid
- $49,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,318
- Occupancy
- $20,400
- Program services (functional)
- $176,737
- Management and general (functional)
- $5,318
Balance sheet and other
- Total assets, start of year
- $259,300
- Total assets, end of year
- $212,825
- Total liabilities, end of year
- $7,655
- Net assets, end of year
- $205,170
- Net assets without donor restrictions
- $47,063
- Net assets with donor restrictions
- $158,107
- Gross receipts
- $151,725
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2015
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN GARRY | EXECUTIVE DIRECTOR - DCA Officer | 8 | $0 | $131,369 | $3,941 |
| GEOFF SMITH | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GAIL DENNISON | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| PHIL MINERICH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN HOFFMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CRAIG JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN GARRY | EXECUTIVE DIRECTOR - DCA Officer | 8 | $0 | $126,316 | $3,790 |
| GEOFF SMITH | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| GAIL DENNISON | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| PHIL MINERICH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DAN HOFFMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CRAIG JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 329 N MAIN ST STE 106L, AUSTIN, MN 55912-3478
- Principal officer (990 for 2024)
- JOHN GARRY, 329 NORTH MAIN STREET SUITE 106L, AUSTIN, MN 55912
- Signed the 990
- JOHN GARRY, EXECUTIVE DIRECTOR
- Phone
- (507) 433-9495
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
AUSTIN COMMUNITY GROWTH VENTURES (ACGV) WAS ESTABLISHED AS A 501(C)(3) CHARITABLE ORGANIZATION BY THE DEVELOPMENT CORPORATION OF AUSTIN WITH THE OVERALL GOAL TO PROMOTE, ENCOURAGE, AND AID IN THE CREATION OF AN INNOVATIVE ECOSYSTEM THAT SUPPORTS EDUCATION, CREATES QUALITY JOBS, AND INCREASES THE NEW APPLICATION OF BIOTECHNOLOGY, AGIRCULTURAL TECHNOLOGY, AND FOOD SCIENCE. ACGV WILL SERVE AS A KEY FACILITATOR IN AFFORDING EARLY STAGE COMPANIES AND DEVELOPED COMPANIES A CHANCE TO SUCCEED BY PROVIDING EDUCATION AND TRAINING IN IDEA DEVELOPMENT ASSISTANCE, PATENT SUBMISSION, BUSINESS PLANNING ASSISTANCE, AND FINANCING.
Program accomplishments
- TO SERVE AS A RESEARCH ACCELERATOR FOR BIOTECHNOLOGY COMPANIES INVOLVED IN ECONOMIC DEVELOPMENT BY PROVIDING OFFICE AND LABORATORY SPACE AND ACCESS TO EQUIPMENT, RESEARCH COLLABORATION WITH FACULTY AND STAFF OF THE HORMEL INSTITUE, A PROGRAM OF THE UNIVERSITY OF MINNESOTA AND STUDENTS, FACULTY AND STAFF OF RIVERLAND COMMUNITY COLLEGE, A MEMBER OF MINNESOTA STATE COLLEGES AND UNIVERSITIES IN THE CITY OF AUSTIN, MINNESOTA. PROVIDES BUSINESS EDUCATION TO SMALL BUSINESS OWNERS AND ASPIRING ENTREPRENEURS.Expenses $176,737 · grants $49,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5042107
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $212,825
- Income (IRS master file)
- $151,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $151,725 | $182,055 | $212,825 | XML |
| 990 | December 2023 | $162,652 | $202,293 | $259,300 | XML |
| 990 | December 2022 | $187,336 | $347,596 | $294,741 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5042107).
Questions about AUSTIN COMMUNITY GROWTH VENTURES
- What is the EIN of AUSTIN COMMUNITY GROWTH VENTURES?
- The employer identification number (EIN) of AUSTIN COMMUNITY GROWTH VENTURES is 47-5042107.
- Is AUSTIN COMMUNITY GROWTH VENTURES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to AUSTIN COMMUNITY GROWTH VENTURES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does AUSTIN COMMUNITY GROWTH VENTURES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AUSTIN COMMUNITY GROWTH VENTURES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AUSTIN COMMUNITY GROWTH VENTURES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AUSTIN COMMUNITY GROWTH VENTURES?
- The 990 for the year ended December 31, 2024 names JOHN GARRY.
- Who are the officers and directors of AUSTIN COMMUNITY GROWTH VENTURES?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does AUSTIN COMMUNITY GROWTH VENTURES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $151,725, expenses of $182,055 and total assets of $212,825 at year end.
Other nonprofits in AUSTIN
- AUSTIN ASPIRES INC EIN 46-5424422 · last filed 990 for 2025
- MAMA ZWAZO FOUNDATION EIN 82-2005092 · last filed 990-EZ for 2025
- RIVER RATS CAR CLUB EIN 82-0965687 · last filed 990-N for 2023
- THE HORMEL FOUNDATION EIN 41-0694716 · last filed 990 for 2025
- CEDAR VALLEY SERVICES INC EIN 41-0870082 · last filed 990 for 2025
- ACCENTRA CREDIT UNION EIN 41-0319960 · last filed 990 for 2025
- SACRED HEART HOSPICE DONATORY CORPORATION EIN 41-1384309 · last filed 990 for 2025
- ST MARKS LUTHERAN HOME EIN 41-0859697 · last filed 990 for 2025
All nonprofits in AUSTIN · Minnesota · Community improvement and capacity building