Agtech Innovation Alliance
- Assets
- $973.7k
- Revenue
- $831.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Woodland, CA
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-3447079
Organization Overview
Agtech Innovation Alliance is located in Woodland, CA. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Agtech Innovation Alliance employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agtech Innovation Alliance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Agtech Innovation Alliance generated $831.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 67.5% each year . All expenses for the organization totaled $709.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ACCELERATE INNOVATION IN OUR FOOD SYSTEM BY PROVIDING EDUCATION MENTORSHIP INCUBATION SRVCS TO STARTUPS COMMERCIALIZING AGFOOD TEC
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Hiatt Ch Finl Officer | OfficerTrustee | 1 | $0 |
Trish Kelly Secretary | OfficerTrustee | $0 | |
John Selep President Board Chair | OfficerTrustee | 20 | $0 |
Matthew Peyret Director | Trustee | $0 | |
Pam Marrone Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,641 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $220,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $523,951 |
| Total Program Service Revenue | $307,641 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $831,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $395 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,036 |
| Payroll taxes | $16,367 |
| Fees for services: Management | $15,637 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $246 |
| Office expenses | $14,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $215,444 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,008 |
| Insurance | $9,079 |
| All other expenses | -$129 |
| Total functional expenses | $709,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,000 |
| Net Land, buildings, and equipment | $884,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $973,662 |
| Accounts payable and accrued expenses | $6,589 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,050 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $274,242 |
| Other liabilities | $0 |
| Total liabilities | $307,881 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $122,239 |
| Retained earnings, endowment, accumulated income, or other funds | $543,542 |
| Total liabilities and net assets/fund balances | $973,662 |
Grants Awarded
Over the last fiscal year, Agtech Innovation Alliance has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORAPULSE INC PURPOSE: Entrepreneur Support | $25,000 |
PHERONYM INC PURPOSE: Entrepreneur Support | $25,000 |