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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
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
About Austin Community Growth Ventures
Based on IRS filings
Austin Community Growth Ventures is a nonprofit organization 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 grants totaling $49K. Net investment income was $125.
Focus Areas
Ready to take the next step with Austin Community Growth Ventures?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Venn Foundation ($49,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEOFF SMITH | CHAIR | 0.5 | — |
| GAIL DENNISON | SECRETARY/TREASURER | 0.5 | — |
| PHIL MINERICH | DIRECTOR | 0.5 | — |
| DAN HOFFMAN | DIRECTOR | 0.5 | — |
| CRAIG JOHNSON | DIRECTOR | 0.5 | — |
| JOHN GARRY | EXECUTIVE DIRECTOR - DCA | 8 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Austin Community Growth Ventures?
Austin Community Growth Ventures is a nonprofit organization focused on Community Improvement & Capacity Building, based in AUSTIN, MN. It holds $213K in total assets as of 2024.
How large is Austin Community Growth Ventures?
As of 2024, Austin Community Growth Ventures holds $213K in total assets with $152K in annual revenue. It awarded 1 grants totaling $49K in 2024.
Where does Austin Community Growth Ventures operate?
Austin Community Growth Ventures has awarded grants in Minnesota.
What size grants does Austin Community Growth Ventures award?
In 2024, Austin Community Growth Ventures awarded 1 grants totaling $49K — an average of about $49K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Austin Community Growth Ventures's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
Litchfield Student Anglers Club
LITCHFIELD, MN
Assets
$738
Grants
0
Total Given
—
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Austin Community Growth Ventures on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Austin Community Growth Ventures to a real strategy.