Nonprofit · EIN 83-0995119
AGLAUNCH INITIATIVE
Tax-exempt · MEMPHIS, TN 38104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,028,882 | $2,194,520 | -$165,638 | $636,063 | $608,943 | $27,120 |
| June 30, 2024 | 990 | $2,462,523 | $2,645,156 | -$182,633 | $1,117,960 | $925,202 | $192,758 |
| June 30, 2023 | 990 | $2,426,005 | $2,619,849 | -$193,844 | $2,129,660 | $1,754,269 | $375,391 |
| June 30, 2022 | 990 (amended) | $2,674,780 | $2,413,270 | $261,510 | $1,599,569 | $928,014 | $671,555 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,027,921
- of which government grants
- $1,140,555
- Program service revenue
- $0
- Investment income
- $961
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $359,537
- Compensation of officers, directors and key employees
- $445,432
- Other salaries and wages
- $616,200
- Salaries, compensation and benefits (total)
- $1,140,696
- Professional fundraising fees
- $0
- Legal fees
- $892
- Accounting fees
- $57,400
- Occupancy
- $35,519
- Travel
- $93,608
- Program services (functional)
- $1,822,052
- Management and general (functional)
- $372,468
Balance sheet and other
- Total assets, start of year
- $1,117,960
- Total assets, end of year
- $636,063
- Total liabilities, end of year
- $608,943
- Net assets, end of year
- $27,120
- Net assets without donor restrictions
- $27,120
- Gross receipts
- $2,028,882
- Employees
- 12
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- TN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER A NELSON | EXECUTIVE DIRECTOR/PRESIDE Officer | 40 | $154,835 | $12,283 |
| MARGARET OLDHAM | VP OF INNOVATION Officer | 40 | $133,380 | $9,157 |
| RAJAH BROWN | VP OF OPERATIONS Officer | 40 | $126,100 | $5,871 |
| ARIELLE MOINESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORINE GOULD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAYRE CROSSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN LEVERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RHEDONNA ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCUS COLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER A NELSON | EXECUTIVE DIRECTOR/PRESIDE Officer | 40 | $167,974 | $14,420 |
| MARGARET OLDHAM | VP OF INNOVATION Officer | 40 | $142,519 | $4,562 |
| RAJAH BROWN | VP OF OPERATIONS Officer | 40 | $120,480 | $2,950 |
| ARIELLE MOINESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORINNE GOULD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAYRE CROSSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN LAVERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RHEDONA ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCUS COLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER A NELSON | EXECUTIVE DIRECTOR/PRESIDENT Officer | 40 | $169,300 | $18,121 |
| MARGARET OLDHAM | DIRECTOR Officer | 40 | $132,667 | $0 |
| REBECCA KAUFMAN | SENIOR DIRECTOR Officer | 40 | $117,508 | $0 |
| JADE CLARK | DIRECTOR OF TALENT Officer | 40 | $108,100 | $0 |
| PAUL KENNEDY | SENIOR INNOVATION SPECIALIST Officer | 40 | $101,000 | $0 |
| ANDY MCCARROLL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARIELLE MOINESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORINNE GOULD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAYRE CROSSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN LAVERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RHEDONA ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCUS COLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAMUEL BROWN | SECRETARY Officer | 10 | $0 | $0 |
990 for the year ended June 30, 2022: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER A NELSON | EXECUTIVE DIRECTOR Officer | 40 | $161,494 | $17,919 |
| REBECCA KAUFMAN | SENIOR DIRECTOR Officer | 40 | $122,344 | $0 |
| CONNIE BOWEN | DIRECTOR INNOVATION & INVE Officer | 40 | $105,175 | $0 |
| JADE CLARK | DIRECTOR OF TALENT Officer | 40 | $105,175 | $0 |
| ANDY MCCARROLL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLYN HARDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORINNE GOULD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAYRE CROSSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN LAVERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RHEDONA ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAMUEL BROWN | SECRETARY Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1350 CONCOURSE AVE STE 434, MEMPHIS, TN 38104-2025
- In care of
- % PETE NELSON
- Principal officer (990 for 2024)
- Peter Nelson, 1350 Concourse Ave 434, MEMPHIS, TN 38104
- Signed the 990
- Peter Nelson, Exectuive Director
- Phone
- (901) 315-1694
- Website
- WWW.AGLAUNCH.COM
- Return prepared by
- BRASFIELD ACCOUNTING
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.
Program accomplishments
- 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 $1,822,052 · grants $359,537
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0995119
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $636,063
- Income (IRS master file)
- $2,028,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,028,882 | $2,194,520 | $636,063 | IRS |
| 990 | June 2024 | $2,462,523 | $2,645,156 | $1,117,960 | IRS |
| 990 | June 2023 | $2,426,005 | $2,619,849 | $2,129,660 | XML |
| 990 | June 2022 | $2,674,780 | $2,413,270 | $1,599,569 | XML |
| 990 | June 2021 | – | – | – | 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 83-0995119).
Questions about AGLAUNCH INITIATIVE
- What is the EIN of AGLAUNCH INITIATIVE?
- The employer identification number (EIN) of AGLAUNCH INITIATIVE is 83-0995119.
- Is AGLAUNCH INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to AGLAUNCH INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AGLAUNCH INITIATIVE 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 AGLAUNCH INITIATIVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AGLAUNCH INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AGLAUNCH INITIATIVE?
- The 990 for the year ended June 30, 2025 names Peter Nelson.
- Who are the officers and directors of AGLAUNCH INITIATIVE?
- The 990 for the year ended June 30, 2025 lists 9 people; 3 received compensation from the organization, the highest $154,835 (PETER A NELSON, EXECUTIVE DIRECTOR/PRESIDE).
- How much revenue does AGLAUNCH INITIATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,028,882, expenses of $2,194,520 and total assets of $636,063 at year end.
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