Austin Community Growth Ventures

AUSTIN, MN EIN: 47-5042107

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$213K

-17.9% YoY

Annual Giving

$49K

-18.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$49K

-18.3% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$29M$39M20202021202220232024
Metric202420232022
Total Assets$212,825$259,300$294,741
Revenue$151,725$162,652$187,336
Expenses$182,055$202,293$347,596
Qualifying Distributions
Net Investment Income$125$175$52
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$15K$30K$45K$60K0 grants20200 grants20210 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

VENN FOUNDATION$49K

Grant Size Distribution

2 grants across all recorded years

1<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
GEOFF SMITHCHAIR0.5
GAIL DENNISONSECRETARY/TREASURER0.5
PHIL MINERICHDIRECTOR0.5
DAN HOFFMANDIRECTOR0.5
CRAIG JOHNSONDIRECTOR0.5
JOHN GARRYEXECUTIVE DIRECTOR - DCA8

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Saint Paul

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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