Civic Intelligence

Great Lakes Ag-Tech Business Incubator

EIN 47-2412296 • 501(c)6 • West Olive, MI

Profile

The general purpose of the great lakes ag-tech business incubator is to provide business startup services to farmers and entrepreneurs with agricultural technology ideas. Incubator staff members help clients develop business ideas and successfully commercialize products related to agricultural equipment, machinery, software, or business-to-business food processing plants.

12220 Fillmore Street Suite 260West Olive, MI 49460

www.acreagtech.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.05x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

23.75x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

1st percentile

-3388%

Higher net margin than 1% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

41st percentile

-6.6%

Faster asset growth than 41% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-98%

Faster revenue growth than 3% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$37,112

Down $2,602 (-6.6%) from 2020

Liabilities

Up

$1,900

Up $108 (+6.0%) from 2020

Net Assets

Down

$35,212

Down $2,710 (-7.1%) from 2020

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$80

Down $4,929 (-98%) from 2020

Expenses

Down

$2,790

Down $47,809 (-94%) from 2020

Net Income

Up

-$2,710

Up $42,880 (+94%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2014: $41,420Liabilities 2014: $15Net Assets 2014: $41,4052014Assets 2015: $224,592Liabilities 2015: $17,059Net Assets 2015: $207,5332015Assets 2016: $303,718Liabilities 2016: $28,275Net Assets 2016: $275,4432016Assets 2017: $139,016Liabilities 2017: $15,944Net Assets 2017: $123,0722017Assets 2018: $140,726Liabilities 2018: $35,453Net Assets 2018: $105,2732018Assets 2019: $99,732Liabilities 2019: $16,220Net Assets 2019: $83,5122019Assets 2020: $39,714Liabilities 2020: $1,792Net Assets 2020: $37,9222020Assets 2021: $37,112Liabilities 2021: $1,900Net Assets 2021: $35,2122021

Highlighted filing

2021

Assets$37,112
Liabilities$1,900
Net Assets$35,212
Open 2021 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2014: $42,500Expenses 2014: $1,095Net Income 2014: $41,4052014Revenue 2015: $330,219Expenses 2015: $164,091Net Income 2015: $166,1282015Revenue 2016: $203,704Expenses 2016: $135,794Net Income 2016: $67,9102016Revenue 2017: $92,382Expenses 2017: $244,753Net Income 2017: -$152,3712017Revenue 2018: $163,683Expenses 2018: $181,482Net Income 2018: -$17,7992018Revenue 2019: $170,333Expenses 2019: $192,094Net Income 2019: -$21,7612019Revenue 2020: $5,009Expenses 2020: $50,599Net Income 2020: -$45,5902020Revenue 2021: $80Expenses 2021: $2,790Net Income 2021: -$2,7102021

Highlighted filing

2021

Revenue$80
Expenses$2,790
Net Income-$2,710
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,112
Liabilities
$1,900
Net assets
$35,212
Revenue
$80
Expenses
$2,790
Net income
-$2,710
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.37$0.02$0.35$0.00$0.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$0.05$0.51$0.46
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.16$0.84$1.70$1.92$0.22
2018Detailed filing. Detailed filing data is available for this year.$1.41$0.35$1.05$1.64$1.81$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.39$0.16$1.23$0.92$2.45$1.52
2016Detailed filing. Detailed filing data is available for this year.$3.04$0.28$2.75$2.04$1.36$0.68
2015Detailed filing. Detailed filing data is available for this year.$2.25$0.17$2.08$3.30$1.64$1.66
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.43$0.01$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 29, 2022
Return Version
2021v4.0
Gross Receipts
$80
Mission and Program Overview

Mission

The general purpose of the Great Lakes Ag-Tech Business Incubator is to provide business startup services to farmers and entrepreneurs with agricultural technology ideas. Incubator staff members help clients develop business ideas and successfully commercialize products related to agricultural equipment, machinery, software, or business-to-business food processing plants.

Program Services

DescriptionGrantsExpenses
Maximized the opportunity for entrepreneurs to rapidly commercialize ag-technology ideas and gain a competitive advantage in the marketplace by providing one-on-one, customized services that propel startup companies through business hurdles. Accomplishments included:1 client counseling sessions/partner meetings; 1,349 enews subscribers; 1,208 Twitter followers; 108 LinkedIn page follows.$0$2,790
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim ParkerChair-$0--
Loren KoemanTreasurer-$0--
Mark SchmidtSecretary-$0--
Paul WindemullerDirector-$0--
Doug HuesdashDirector-$0--
Michael CampbellEx-Officio-$0--
Matt FenskeEx-Officio-$0--
Ian McGonigalEx-Officio-$0--
Kurt BrauerEx-Officio-$0--
Clifford MeeuwsenEx-Officio-$0--
Jamie Zmitko-SomersEx-Officio-$0--
Paul SachsEx-Officio, Executive Director-$0--
Filing and Contact Details

Filer

Filer Name
Great Lakes Agricultural Technology Business Incubator
EIN
47-2412296
Phone
6169944745
Address
12220 Fillmore Street Suite 260, West Olive, MI 49460

Signing Officer

Name
Tim Parker
Title
Chair
Phone
7158034490
Signed
2022-03-29
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Sale of ACRE television”

Form 990-EZ, Part I, Line 16

“Accounting - $133, Insurance - Liability - $1,532, Office Supplies - $15, and Software - $528”

Form 990-EZ, Part II, Line 24

“Loan receivable”

Form 990-EZ, Part II, Line 26

“Accounts Payable - $40, Credit Cards - $1,560, Loan Payable - $300”

Raw XML Appendix179 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0West Olive
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IRS990EZ/PrimaryExemptPurposeTxt0The general purpose of the Great Lakes Ag-Tech Business Incubator is to provide business startup services to farmers and entrepreneurs with agricultural technology ideas. Incubator staff members help clients develop business ideas and successfully commercialize products related to agricultural equipment, machinery, software, or business-to-business food processing plants.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Loan receivable
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ReturnHeader/Filer/EIN0472412296
ReturnHeader/Filer/PhoneNum06169944745
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ReturnHeader/Filer/USAddress/CityNm0West Olive
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049460
ReturnHeader/ReturnTs02022-04-13T08:43:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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