Aglaunch attracts, creates and grows agtech startups, facilitates the development of new agriculture and food value-chains, and builds collaborative farmer networks, with a commitment to intentional inclusion.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$629K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $35K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$629K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-6% vs prior year
Spent
$2.6M
To programs
78%
Net assets
$375K
By yearFY2021–FY2025
Revenue
$2.4M
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.4M
FY2022$2.6M
FY2023$2.4M
FY2024$2.5M
FY2025$2.0M
Expenses
$2.6M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.2M
FY2022$2.4M
FY2023$2.6M
FY2024$2.6M
FY2025$2.2M
Net assets
$375K
FY2023▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2021$410K
FY2022$580K
FY2023$375K
FY2024$193K
FY2025$27K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.0M Management & general 21% · $550K Fundraising 1% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $629K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director/President
$169,300Pt VII · Sec A
$132,667Pt VII · Sec A
Senior Director
$117,508Pt VII · Sec A
Director of Talent
$108,100Pt VII · Sec A
Senior Innovation Specialist
$101,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Peter a Nelson’s $155K as Executive Director/Preside is at the 48th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Peter a Nelson$154,835$167,974$169,300$161,494$145,406
Margaret Oldham$133,380$142,519$132,667——
Rajah Brown$126,100$120,480———
Rebecca Kaufman——$117,508$122,344—
Jade Clark——$108,100$105,175—
Connie Bowen———$105,175—
Paul Kennedy——$101,000——
Samuel Brown————$16,314

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Aglaunch Initiative executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Catalyzes regional agriculture and food economy transformation.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2022
01

Accelerator Processes

Support for startup companies that are solving farm level sustainability problems working with farmers. Accelerator process including several cohort based approaches, with follow-on mentor program.

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$200K
Grants paid · 24 grants · $2.0M · 2021–2024
The SeamFY2024$120,313
SedcorOR · FY2024$52,500
Possum TechnologiesFY2024$50,000
North Carolina A&t State UniversityFY2024$43,763
Delta Harvest LLCFY2024$25,575
Diligence Technologies INCFY2024$10,175
Gillian Ag ResearchFY2024$5,600
Ruddenklau Farms LLCFY2024$5,160
The Seam LLCFY2023$559,298
Tennessee State UniversityTN · FY2023$52,593
Mississippi State UniversityMS · FY2023$17,126
Unitemized GrantFY2023$15,000
The Seam LLCFY2022$274,493
Mississippi State UniversityMS · FY2022$81,291
Tennessee State UniversityTN · FY2022$54,499
Unitemized GrantFY2022$12,500
See all 24 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$2K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.0M
Managementcol C$550K
Fundraisingcol D$30K
Owns and owesPt X
$375K
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$1.3M
Investment incomeLn 3$2K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Other assetsLn 15$2K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.8M
Net assetsLn 32$375K
OperationsPt I, VI
EmployeesI 512
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$938K$1.5M
Total assetsLn 16$1.6M$2.1M
LiabilitiesLn 26$928K$1.8M
Net assetsLn 32$672K$375K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$410K$410K
Grants to domestic individualsLn 2$12K$12K
Pay of current officers, directors and key staffLn 5$168K$136K$32K$199
Other salaries and wagesLn 7$854K$598K$246K$9K
Pension plan contributionsLn 8$30K$21K$8K$273
Other employee benefitsLn 9$53K$37K$15K$483
Payroll taxesLn 10$80K$57K$22K$739
Legal feesLn 11b$21K$2K$19K
Accounting feesLn 11c$47K$47K
Lobbying feesLn 11d$8K$8K
Other fees for servicesLn 11g$426K$413K$13K$320
Advertising and promotionLn 12$12K$2K$10K
Office expensesLn 13$6K$1K$5K$102
Information technologyLn 14$18K−$140$18K
OccupancyLn 16$23K$197$22K
TravelLn 17$127K$108K$12K$6K
Conferences, conventions and meetingsLn 19$44K$42K$2K
InterestLn 20$91$91
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$264K$197K$63K$5K
All other expensesLn 24e$12K$1K$11K$3
Total functional expensesLn 25$2.6M$2.0M$550K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$2.2M−$166K$27K 990 PDF
FY2024 $2.5M$2.6M−$183K$193K 990 PDF
FY2023 Viewing $2.4M$2.6M−$194K$375K 990 PDF
FY2022 $2.6M$2.4M$170K$580K 990 PDF
FY2021 $1.4M$1.2M$199K$410K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,426,005 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,674,383$2,424,175
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $397$1,830
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,674,780$2,426,005
I-13 Grants and similar amounts paidPrior year $287,866$422,784
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,169,366$1,184,100
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $956,038$1,012,965
I-18 Total expensesPrior year $2,413,270$2,619,849
I-19 Revenue less expensesPrior year $261,510−$193,844
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,426,005 across 5 lines filed
VIII-1e Government grants$1,288,321
VIII-1f All other contributions, gifts and grants$1,135,854
VIII-1h Total contributions, gifts and grants$2,424,175
VIII-3 Investment incomeExcluded from tax $1,830$1,830
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,830$2,426,005
Part IX · Statement of functional expenses $2,619,849 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $410,284$410,284
IX-2 Grants to domestic individualsPrograms $12,500$12,500
IX-5 Pay of current officers, directors and key staffPrograms $136,413 · Management $31,688 · Fundraising $199$168,300
IX-7 Other salaries and wagesPrograms $597,994 · Management $246,364 · Fundraising $9,256$853,614
IX-8 Pension plan contributionsPrograms $21,246 · Management $8,044 · Fundraising $273$29,563
IX-9 Other employee benefitsPrograms $37,490 · Management $14,743 · Fundraising $483$52,716
IX-10 Payroll taxesPrograms $57,426 · Management $21,742 · Fundraising $739$79,907
IX-11b Legal feesPrograms $2,353 · Management $19,113$21,466
IX-11c Accounting feesManagement $46,632$46,632
IX-11d Lobbying feesFundraising $7,500$7,500
IX-11g Other fees for servicesPrograms $412,548 · Management $12,675 · Fundraising $320$425,543
IX-12 Advertising and promotionPrograms $1,823 · Management $9,743$11,566
IX-13 Office expensesPrograms $1,428 · Management $4,728 · Fundraising $102$6,258
IX-14 Information technologyPrograms −$140 · Management $17,861$17,721
IX-16 OccupancyPrograms $197 · Management $22,400$22,597
IX-17 TravelPrograms $107,897 · Management $12,368 · Fundraising $6,443$126,708
IX-19 Conferences, conventions and meetingsPrograms $42,135 · Management $2,349$44,484
IX-20 InterestManagement $91$91
IX-23 InsuranceManagement $5,907$5,907
IX-24 Other expenses (24a–d)Programs $196,600 · Management $62,636 · Fundraising $5,168$264,404
IX-24e All other expensesPrograms $1,219 · Management $10,866 · Fundraising $3$12,088
IX-25 Total functional expensesPrograms $2,039,413 · Management $549,950 · Fundraising $30,486$2,619,849
Part X · Balance sheet $2,129,660 assets, 10 lines filed
Asset lines not itemized here account for $142,196; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $938,372$1,541,789
X-3 Pledges and grants receivableStart of year $589,697$443,175
X-15 Other assetsStart of year $2,500$2,500
X-16 Total assetsStart of year $1,599,569$2,129,660
X-17 Accounts payable and accrued expensesStart of year $99,592$44,733
X-19 Deferred revenueStart of year $819,700$1,709,536
X-26 Total liabilitiesStart of year $928,014$1,754,269
X-27 Net assets without donor restrictionsStart of year $671,555$375,391
X-32 Total net assets or fund balancesStart of year $671,555$375,391
X-33 Total liabilities and net assetsStart of year $1,599,569$2,129,660
Part XI · Reconciliation of net assets $375,391 net assets at year end
XI-1 Total revenue$2,426,005
XI-2 Total expenses$2,619,849
XI-3 Revenue less expenses−$193,844
XI-4 Net assets at start of year$671,555
XI-9 Other changes in net assets−$102,320
XI-10 Net assets at end of year$375,391

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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