Austin Community Growth Ventures
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.
Austin Community Growth Ventures at a glance
In short: Austin Community Growth Ventures gave $49K across 1 grant in 2024 (avg $49K), mostly in Minnesota. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $49,000
- -18.3% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $49,000
- -18.3% vs 2023
- Median grant
- $49,000
- Total assets
- $212,825
- -17.9% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Austin Community Growth Ventures funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Venn Foundation ($49K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 1 grant of 3 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $49K (2024) to $34.9M (2020). In 2024 it made 1 grant totaling $49K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Venn Foundation Saint Paul, MN | Austin community growth ventures (ACGV) worked with venn foundation in supporting technology commercialization efforts at the hormel institute (HI). Funds went to the venn foundation to structure program-related investments (PRIS) that would support advancing hormel institute research commercialization. From venn, pri funds went to scientists to further discoveries that had commercialization potential. | $49,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $212,825 | $151,725 | $182,055 | $49,000 | 1 | $125 |
| 2023 | $259,300 | $162,652 | $202,293 | $60,000 | 1 | $175 |
| 2022 | $294,741 | $187,336 | $347,596 | — | — | $52 |
| 2021 | $476,066 | $107,773 | $86,407 | — | — | $191 |
| 2020 | $1,306,400 | $1,082,780 | $35,499,129 | $34,891,122 | 1 | $-2,291 |
About Austin Community Growth Ventures
Based on IRS filings
Austin Community Growth Ventures is a public charity focused on Community Improvement & Capacity Building, based in Austin, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $213K in total assets. In 2024, it awarded 1 grant totaling $49K. Net investment income was $125.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Austin Community Growth Ventures is led by John Garry, Executive Director - Dca on every filing since 2022; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
John Garry
Executive Director - Dca
On filings since 2022
8 hrs/week
No compensation reported
Geoff Smith
Chair
Board Member → Chair, 2021
On filings since 2020
0.5 hrs/week
No compensation reported
Craig Johnson
Director
Chair → Board Member, 2021
Board Member → Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Dan Hoffman
Director
Board Member → Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Phil Minerich
Director
Board Member → Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Gail Dennison
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Nathan Annis (2020–2022) — Treasurer
- Former: Aaron Keenan (2020–2021) — Board Member
- Former: John Summerfield (2020–2021) — Board Member
- Former: Tanner Asa Part Year (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Austin Community Growth Ventures
How much does Austin Community Growth Ventures give each year?
Austin Community Growth Ventures gave $49K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $60K across 1 grant.
How large is Austin Community Growth Ventures?
Austin Community Growth Ventures reported $213K in total assets on its 2024 IRS Form 990. Its revenue that year was $152K.
What is Austin Community Growth Ventures?
Austin Community Growth Ventures is a public charity focused on Community Improvement & Capacity Building, based in Austin, MN. It holds $213K in total assets as of 2024.
Where does Austin Community Growth Ventures operate?
Austin Community Growth Ventures has awarded grants in Minnesota.
What is Austin Community Growth Ventures's EIN?
Austin Community Growth Ventures's EIN (Employer Identification Number) is 47-5042107. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Austin Community Growth Ventures funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Austin Community Growth Ventures's focus areas in our free grants database
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Austin Community Growth Ventures down — hundreds of funders to go?