Minnesota · Nonprofit
AUSTIN COMMUNITY GROWTH VENTURES
AUSTIN COMMUNITY GROWTH VENTURES (Minnesota) receives grants from 11 organizations whose IRS filings report $1,194,933 to it, the largest being The Hormel Foundation ($571,433). 9 of them have funded it in more than one year.
- Revenue FY2024
- $152k
- Funders on record
- 11
- Grants received
- $1.2M
- Net assets
- $205k
What Austin Community Growth Ventures does
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.
As stated on its FY2024 Form 990.
Program
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.
$176,737 spentof which $49,000 as grants100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $176,737.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $36M to $1.3M (−96%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
94% of AUSTIN COMMUNITY GROWTH VENTURES’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
John Garry
Executive director - dca
Board chair
Geoff Smith
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $20k → $161k.
6 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $10k from one payer (the payer shares this organization's board, largest Development Corporation of Austin). These are real filings, and they are not money AUSTIN COMMUNITY GROWTH VENTURES raised.
From the IRS filings of AUSTIN COMMUNITY GROWTH VENTURES’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
AUSTIN COMMUNITY GROWTH VENTURES leans on a few funders — its largest provides 48% of grant income and the top three 74%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
96% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund AUSTIN COMMUNITY GROWTH VENTURES.
Largest funder’s share by year: 2017 100% · 2018 57% · 2019 43% · 2020 32% · 2021 31% · 2022 52% · 2023 86% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
20% of AUSTIN COMMUNITY GROWTH VENTURES's funders are still giving 3 years after their first grant; 82% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
95% of AUSTIN COMMUNITY GROWTH VENTURES's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $358k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
AUSTIN COMMUNITY GROWTH VENTURES's funding base is broadening — from 1 funders to 4 as grant income climbed.
this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024
Organizations like AUSTIN COMMUNITY GROWTH VENTURES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
97% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Austin Community Charitable Fund · exempt
- Development Corporation of Austin · exempt
Screen this organization
A dated, signed PDF of the compliance screen for AUSTIN COMMUNITY GROWTH VENTURES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds AUSTIN COMMUNITY GROWTH VENTURES?
- AUSTIN COMMUNITY GROWTH VENTURES (Minnesota) receives grants from 11 organizations whose IRS filings report $1,194,933 to it, the largest being The Hormel Foundation ($571,433). 9 of them have funded it in more than one year.
- How many funders does AUSTIN COMMUNITY GROWTH VENTURES have?
- IRS filings report 11 organizations giving $1,194,933 in grants to AUSTIN COMMUNITY GROWTH VENTURES, 9 of which have funded it in more than one year.
- Who is the largest funder of AUSTIN COMMUNITY GROWTH VENTURES?
- The Hormel Foundation is the largest funder on record, with $571,433 in grants. The full list of funders is on this page.
- How can an organization like AUSTIN COMMUNITY GROWTH VENTURES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing