Great Lakes Agricultural Technology Business Incubator
- Assets
- $37.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Olive, MI
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2412296
Organization Overview
Great Lakes Agricultural Technology Business Incubator, operating under the name Acre Agtech, is located in West Olive, MI. The organization was established in 2015. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acre Agtech is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Acre Agtech generated $80.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (69.6%) each year. All expenses for the organization totaled $2.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schmidt Secretary | 1 | $0 | |
Paul Windemuller Director | 1 | $0 | |
Doug Huesdash Director | 1 | $0 | |
Tim Parker Chair | 1 | $0 | |
Loren Koeman Treasurer | 1 | $0 | |
Ian Mcgonigal Ex-Officio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $80 |
| Total Revenue | $80 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $557 |
| Occupancy, rent, utilities, and maintenance | $25 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,208 |
| Total expenses | $2,790 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112 |
| Other assets | $0 |
| Total assets | $37,112 |
| Total liabilities | $1,900 |
| Net assets or fund balances | $35,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gw Business Solutions Llc Newark, OH | $2,442,927 | $6,203,519 |
Goodwill Foundation Of Northeast Ohio And Northwest Pennsylvania Ashtabula, OH | $172,969 | $55,154 |
Svrc Industries Inc Foundation Saginaw, MI | $7,047,351 | $169,416 |
Local 166 Building Corporation Fort Wayne, IN | $5,104,452 | $661,138 |
Community Work Services Foundation Inc Madison, WI | $1,933,791 | $192,972 |
Great Lakes Agricultural Technology Business Incubator West Olive, MI | $37,112 | $0 |
Gdi Helping Hands Program Dearborn, MI | $3,631 | $0 |