Civic Intelligence

Aglaunch Initiative

990 • Fiscal year 2019 • EIN 83-0995119

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 23, 2020

Organization ProfileWWW.AGLAUNCH.COM

View Organization Page

88 Union AvenueMemphis, TN 38103

(901) 443-6463

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.27x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$49,483

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

$316,230

No earlier filing loaded for comparison.

Net Assets

$229,542

No earlier filing loaded for comparison.

Liabilities

$86,688

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin77th percentile

Revenue

$1,128,796

No earlier filing loaded for comparison.

Expenses

$899,254

No earlier filing loaded for comparison.

Net Income

$229,542

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2019: $316,230Liabilities 2019: $86,688Net Assets 2019: $229,5422019Assets 2020: $460,883Liabilities 2020: $249,489Net Assets 2020: $211,3942020Assets 2021: $1,769,097Liabilities 2021: $1,359,052Net Assets 2021: $410,0452021Assets 2022: $1,697,532Liabilities 2022: $1,117,477Net Assets 2022: $580,0552022Assets 2023: $2,129,660Liabilities 2023: $1,754,269Net Assets 2023: $375,3912023Assets 2024: $1,117,960Liabilities 2024: $925,202Net Assets 2024: $192,7582024

Highlighted filing

2019

Assets$316,230
Liabilities$86,688
Net Assets$229,542
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $1,128,796Expenses 2019: $899,254Net Income 2019: $229,5422019Revenue 2020: $1,214,090Expenses 2020: $1,232,238Net Income 2020: -$18,1482020Revenue 2021: $1,378,095Expenses 2021: $1,179,444Net Income 2021: $198,6512021Revenue 2022: $2,583,345Expenses 2022: $2,413,335Net Income 2022: $170,0102022Revenue 2023: $2,426,005Expenses 2023: $2,619,849Net Income 2023: -$193,8442023Revenue 2024: $2,462,523Expenses 2024: $2,645,156Net Income 2024: -$182,6332024

Highlighted filing

2019

Revenue$1,128,796
Expenses$899,254
Net Income$229,542
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 23, 2020
Return Version
2018v3.2
Gross Receipts
$1,128,796
Mission and Program Overview

Mission

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.

Aglaunch catalyzes the transformation of regional agriculture and food economies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$146,166-
Pledges and Grants Receivable-$41,667-
Prepaid Expenses and Deferred Charges-$3,211-
Total Assets$0$316,230▲ $316,230
Other Assets Total$0$125,186▲ $125,186
Liabilities
Accounts Payable and Accrued Expenses-$86,688-
Total Liabilities$0$86,688▲ $86,688
Net Assets / Fund Balance
Unrestricted Net Assets-$229,542-
Total Net Assets Fund Balance$0$229,542▲ $229,542
Total Liabilities and Net Assets / Fund Balance$0$316,230▲ $316,230

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$125,186--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter a NelsonExecutive DirectorFT$45,244$4,239$49,483
Samuel BrownSecretaryPT$42,620-$42,620

Board Members and Trustees

NameTitle
Andy MccarrollDirector
Carolyn HardyDirector
Corinne GouldDirector
Dan HatzenbuelerDirector
Dewayne GoldmonDirector
Karen LavertDirector
Rhedona RoseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,128,796
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$870,461
Change in Net Assets
$229,542

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,128,796
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,128,796
Total Revenue per Form 990
$1,128,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$529,539
Salaries, Compensation, and Employee Benefits$369,715
Total Fundraising Expense$55,428
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$203,383$87,821$4,578$295,782
Other Salaries and Wages$171,875$35,438$3,938$211,251
Current Officers, Directors, Trustees, and Key Employees$37,400$36,300$36,300$110,000
Travel$69,687--$69,687
Conferences and Meetings$68,675--$68,675
Fees for Services Lobbying$30,261--$30,261
Payroll Taxes$17,161$5,848$3,254$26,263
Other Employee Benefits$14,495$3,858$3,848$22,201
Advertising$3,761$8,635$2,500$14,896
Occupancy$6,600$6,600-$13,200
Fees for Services Accounting-$9,255-$9,255
All Other Expenses$419$2,373$420$3,212
Other Expenses$3,804$1,181$590$1,771
Interest-$171-$171
Total Functional Expenses$633,378$210,448$55,428$899,254

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$899,254
Total Expenses per Audited Statements$899,254
Total Expenses per Form 990$899,254
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the board for their review and approval prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The board is asked to submit written conflict documents to determine if a possible conflict was present.”

Form 990, Part VI, Section B, Line 15

“The board of directors is consulted. The ed's salary was established based on the salary of his previous employment. The salary of key employees is set by the executive director, and disclosed to the board.”

Form 990, Part VI, Section C, Line 19

“Aglaunch initiative will make available any governing documents, conflict of interest policy, and/or financial statements upon request.”

Filing and Contact Details

Filer

Filer Name
Aglaunch Initiative
EIN
83-0995119
Phone
9014436463
Address
88 UNION AVENUE, MEMPHIS, TN 38103

Signing Officer

Name
Peter Nelson
Title
Executive Director
Phone
9014436463
Signed
2020-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Nelson
Formed
2018
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
8

Preparer

Firm
Watkins Uiberall Pllc
Address
1661 AARON BRENNER DR STE 300, MEMPHIS, TN 38120
Preparer
Daniel J Moore
Phone
9017612720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract labor: program service expenses 4,000. Management and general expenses 54,338. Fundraising expenses 0. Total expenses 58,338. Consulting fees: program service expenses 139,383. Management and general expenses 33,483. Fundraising expenses 4,578. Total expenses 177,444. Startco fees: program service expenses 60,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,000.”

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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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt028500
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd01
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/TotalLobbyingExpendituresAmt028500
IRS990ScheduleC/VolunteersInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0899254
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0125186
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM FISCAL AGENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01128796
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0125186
IRS990ScheduleD/TotalExpensesPerForm990Amt0899254
IRS990ScheduleD/TotalRevenuePerForm990Amt01128796
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01128796
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0899254
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS ASKED TO SUBMIT WRITTEN CONFLICT DOCUMENTS TO DETERMINE IF A POSSIBLE CONFLICT WAS PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS CONSULTED. THE ED'S SALARY WAS ESTABLISHED BASED ON THE SALARY OF HIS PREVIOUS EMPLOYMENT. THE SALARY OF KEY EMPLOYEES IS SET BY THE EXECUTIVE DIRECTOR, AND DISCLOSED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AGLAUNCH INITIATIVE WILL MAKE AVAILABLE ANY GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND/OR FINANCIAL STATEMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR: PROGRAM SERVICE EXPENSES 4,000. MANAGEMENT AND GENERAL EXPENSES 54,338. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,338. CONSULTING FEES: PROGRAM SERVICE EXPENSES 139,383. MANAGEMENT AND GENERAL EXPENSES 33,483. FUNDRAISING EXPENSES 4,578. TOTAL EXPENSES 177,444. STARTCO FEES: PROGRAM SERVICE EXPENSES 60,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0316230
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0316230
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01128796
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt055428
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0210448
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0633378
IRS990/TotalFunctionalExpensesGrp/TotalAmt0899254
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt086688
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt086688
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0229542
IRS990/TotalOtherCompensationAmt04239
IRS990/TotalProgramServiceExpensesAmt0633378
IRS990/TotalReportableCompFromOrgAmt087864
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01128796
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0316230
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt069687
IRS990/TravelGrp/TotalAmt069687
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0229542
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt088 UNION AVENUE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038103
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.AGLAUNCH.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09014436463
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AGLAUNCH INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0AGLA
ReturnHeader/Filer/EIN0830995119
ReturnHeader/Filer/PhoneNum09014436463
ReturnHeader/Filer/USAddress/AddressLine1Txt088 UNION AVENUE
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038103
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FC0B110955DC381DC72000632B83B0D5036D6C52
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02A0F67A60F616AAACAFD240F12352E7B32201621
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.136.84.170
ReturnHeader/FilingSecurityInformation/IPDt02020-10-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:30:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621804252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATKINS UIBERALL PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01661 AARON BRENNER DR STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09017612720
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J MOORE
ReturnHeader/ReturnTs02020-10-30T14:46:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$316,230
Liabilities
$86,688
Net assets
$229,542
Revenue
$1,128,796
Expenses
$899,254
Net income
$229,542
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.12$0.93$0.19$2.46$2.65$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.13$1.75$0.38$2.43$2.62$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.70$1.12$0.58$2.58$2.41$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.77$1.36$0.41$1.38$1.18$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.25$0.21$1.21$1.23$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.09$0.23$1.13$0.90$0.23