Civic Intelligence

Southside Business Technology

990 • Fiscal year 2020 • EIN 20-2917301

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

Organization ProfileWWW.THELAUNCHPLACE.ORG
527 Bridge Street No 200Danville, VA 24541

(434) 799-5491

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.13x

Higher debt load relative to revenue than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

6th percentile

-57%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

87th percentile

$173,891

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 29.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

14th percentile

-5.7%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-59%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$4,471,056

Down $268,184 (-5.7%) from 2019

Net Assets

Down

$4,394,101

Down $336,439 (-7.1%) from 2019

Liabilities

Up

$76,955

Up $68,255 (+785%) from 2019

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin6th percentile

Revenue

Down

$585,746

Down $837,740 (-59%) from 2019

Expenses

Up

$922,185

Up $5,591 (+0.6%) from 2019

Net Income

Down

-$336,439

Down $843,331 (-166%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$10M$5.0M$0Assets 2011: $153,546Liabilities 2011: $365Net Assets 2011: $153,1812011Assets 2012: $120,300Liabilities 2012: $4,208Net Assets 2012: $116,0922012Assets 2013: $490,790Liabilities 2013: $19,231Net Assets 2013: $471,5592013Assets 2014: $1,168,606Liabilities 2014: $23,342Net Assets 2014: $1,145,2642014Assets 2015: $2,014,213Liabilities 2015: $21,750Net Assets 2015: $1,992,4632015Assets 2016: $2,297,002Liabilities 2016: $11,554Net Assets 2016: $2,285,4482016Assets 2017: $3,183,711Liabilities 2017: $5Net Assets 2017: $3,183,7062017Assets 2018: $4,225,048Liabilities 2018: $1,400Net Assets 2018: $4,223,6482018Assets 2019: $4,739,240Liabilities 2019: $8,700Net Assets 2019: $4,730,5402019Assets 2020: $4,471,056Liabilities 2020: $76,955Net Assets 2020: $4,394,1012020Assets 2021: $5,617,882Liabilities 2021: $2,120Net Assets 2021: $5,615,7622021Assets 2022: $6,448,984Liabilities 2022: $134,429Net Assets 2022: $6,314,5552022Assets 2023: $7,928,122Liabilities 2023: $958Net Assets 2023: $7,927,1642023Assets 2024: $9,541,057Liabilities 2024: $221Net Assets 2024: $9,540,8362024

Highlighted filing

2020

Assets$4,471,056
Liabilities$76,955
Net Assets$4,394,101
Open 2020 Filing

Operations Trend

Revenue Growth6th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $399,630Expenses 2011: $451,943Net Income 2011: -$52,3132011Expenses 2012: $399,1762012Expenses 2013: $697,1452013Revenue 2014: $1,433,070Expenses 2014: $894,924Net Income 2014: $538,1462014Revenue 2015: $1,924,457Expenses 2015: $1,110,245Net Income 2015: $814,2122015Revenue 2016: $1,311,176Expenses 2016: $1,018,191Net Income 2016: $292,9852016Revenue 2017: $1,970,474Expenses 2017: $1,072,217Net Income 2017: $898,2572017Revenue 2018: $2,121,828Expenses 2018: $1,081,885Net Income 2018: $1,039,9432018Revenue 2019: $1,423,486Expenses 2019: $916,594Net Income 2019: $506,8922019Revenue 2020: $585,746Expenses 2020: $922,185Net Income 2020: -$336,4392020Revenue 2021: $2,222,109Expenses 2021: $930,858Net Income 2021: $1,291,2512021Revenue 2022: $1,752,354Expenses 2022: $1,053,561Net Income 2022: $698,7932022Revenue 2023: $2,569,170Expenses 2023: $964,361Net Income 2023: $1,604,8092023Revenue 2024: $2,547,629Expenses 2024: $933,957Net Income 2024: $1,613,6722024

Highlighted filing

2020

Revenue$585,746
Expenses$922,185
Net Income-$336,439
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.2
Gross Receipts
$1,884,528
Mission and Program Overview

Mission

The launch place energizes and diversifies our regional economy through entrepreneurship development and business consulting services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,653,745$3,118,492▼ $535,253
Cash and Non-Interest-Bearing Accounts$744,372$906,997▲ $162,625
Other Notes and Loans Receivable, Net$202,205$339,041▲ $136,836
Accounts Receivable$103,058$83,569▼ $19,489
Land, Buildings, and Equipment, Net$26,860$19,957▼ $6,903
Prepaid Expenses and Deferred Charges$6,000$0▼ $6,000
Total Assets$4,739,240$4,471,056▼ $268,184
Other Assets Total$3,000$3,000→ $0
Liabilities
Deferred Revenue-$75,000-
Accounts Payable and Accrued Expenses$8,700$1,955▼ $6,745
Total Liabilities$8,700$76,955▲ $68,255
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,730,540$4,394,101▼ $336,439
Total Net Assets Fund Balance$4,730,540$4,394,101▼ $336,439
Total Liabilities and Net Assets / Fund Balance$4,739,240$4,471,056▼ $268,184

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,957$70,186$90,143
Other Securities$3,118,492--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Varun SadanaVice PresidentFT$125,664$125,664

Board Members and Trustees

NameTitle
Martin J KaszubowskiChairman
Eva DossPresident/CEO
Greg W FeldmannVice-chair
Jeffrey L BondDirector
Jonathan D HorinDirector
Kim AdkinsDirector
Nancy GalliDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,743,082
Program Service Revenue
$0
Investment Income
$-1,164,840
Other Revenue
$7,504
All Other Contributions
$1,600,754
Change in Net Assets
$-336,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,884,528
Revenue Not Reported on Financial Statements
$-1,298,782
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-1,298,782
Total Revenue per Audited Statements
$1,884,528
Total Revenue per Form 990
$585,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$583,081
Other Expenses$339,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$245,929$81,976-$327,905
Current Officers, Directors, Trustees, and Key Employees$130,418$43,473-$173,891
Occupancy$41,500$41,500-$83,000
Other Employee Benefits$33,676$11,226-$44,902
Advertising$43,235--$43,235
Payroll Taxes$20,652$6,884-$27,536
Office Expenses$6,769$19,043-$25,812
Insurance$11,102$11,102-$22,204
Other Expenses$10,181$10,181-$20,362
Fees for Services Legal$15,280$3,821-$19,101
Travel$13,337--$13,337
Pension Plan Contributions$6,635$2,212-$8,847
Fees for Services Accounting$6,882$1,720-$8,602
Depreciation Depletion$3,452$3,452-$6,904
All Other Expenses$4,349--$4,349
Total Functional Expenses$669,406$252,779$0$922,185

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$922,185
Total Expenses per Audited Statements$922,185
Total Expenses per Form 990$922,185
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
No
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
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

“The board members review and comment on the form 990 before a final version is filed.”

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

“Enforcement of conflicts policy penalties for violation of the policy may include, but are not limited to, reprimand, suspension and/or termination of employment of other relationship between the representative and the organization.”

Form 990, Part VI, Section B, Line 15

“The president/ceo's compensation was compared with similar entities and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's by-laws, code of ethics and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Southside Business Technology
EIN
20-2917301
Phone
4347995491
Address
527 BRIDGE STREET NO 200, DANVILLE, VA 24541

Signing Officer

Name
Eva Doss
Title
President/CEO
Phone
4347939200
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eva Doss
Formed
2005
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
0

Preparer

Firm
HARRIS HARVEY NEAL & COLLPCPA'S
Address
PO BOX 3424, DANVILLE, VA 24543-3424
Preparer
Stephen M Gay
Phone
4347923220
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on disposal of worthless investments -1,298,782.”

Raw XML AppendixShowing 400 of 479 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08700
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01955
IRS990/AccountsReceivableGrp/BOYAmt0103058
IRS990/AccountsReceivableGrp/EOYAmt083569
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE LAUNCH PLACE ENERGIZES AND DIVERSIFIES OUR REGIONAL ECONOMY THROUGH ENTREPRENEURSHIP DEVELOPMENT AND BUSINESS CONSULTING SERVICES.
IRS990/AdvertisingGrp/ProgramServicesAmt043235
IRS990/AdvertisingGrp/TotalAmt043235
IRS990/AllOtherContributionsAmt01600754
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04349
IRS990/AllOtherExpensesGrp/TotalAmt04349
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04347995491
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0527 BRIDGE STREET SUITE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0DANVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd024541
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0744372
IRS990/CashNonInterestBearingGrp/EOYAmt0906997
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt043473
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0130418
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0173891
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01743082
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-1164840
IRS990/CYOtherExpensesAmt0339104
IRS990/CYOtherRevenueAmt07504
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-336439
IRS990/CYSalariesCompEmpBnftPaidAmt0583081
IRS990/CYTotalExpensesAmt0922185
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0585746
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt075000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03452
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03452
IRS990/DepreciationDepletionGrp/TotalAmt06904
IRS990/Desc0TO DEVELOP ACTUAL CONSULTING PROJECTS IN A TIMELY MANNER, DELIVER THE PROJECT TO THE CLIENT, AND OVERSEE AND ASSIST IMPLEMENTATION OF THE RECOMMENDATIONS UTILIZING THE BUSINESS ANALYSIS KNOWLEDGE OF THE ORGANIZATION'S PRESIDENT/CEO, BUSINESS ANALYSTS, AND REGIONAL STUDENT INTERNS. SERVICES INCLUDE MARKET RESEARCH AND ANALYSIS, DETAILED BUSINESS PLAN WRITING, ORGANIZATIONAL AND OPERATIONAL ANALYSIS, NATIONAL PRODUCT TESTING, COMPETITOR ANALYSIS,FINANCIAL PORTFOLIO ANALYSIS AND EQUITY INVESTMENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0669406
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01720
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06882
IRS990/FeesForServicesAccountingGrp/TotalAmt08602
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03821
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt015280
IRS990/FeesForServicesLegalGrp/TotalAmt019101
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt660.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt760.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0GREG W FELDMANN
IRS990/Form990PartVIISectionAGrp/PersonNm1NANCY GALLI
IRS990/Form990PartVIISectionAGrp/PersonNm2KIM ADKINS
IRS990/Form990PartVIISectionAGrp/PersonNm3JONATHAN D HORIN
IRS990/Form990PartVIISectionAGrp/PersonNm4MARTIN J KASZUBOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm5JEFFREY L BOND
IRS990/Form990PartVIISectionAGrp/PersonNm6VARUN SADANA
IRS990/Form990PartVIISectionAGrp/PersonNm7EVA DOSS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6125664
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7173891
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-1298782
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0142328
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01884528
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt011102
IRS990/InsuranceGrp/ProgramServicesAmt011102
IRS990/InsuranceGrp/TotalAmt022204
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0133942
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0133942
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03653745
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03118492
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt070186
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026860
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019957
IRS990/LandBldgEquipCostOrOtherBssAmt090143
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01298782
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE LAUNCH PLACE ENERGIZES AND DIVERSIFIES OUR REGIONAL ECONOMY THROUGH ENTREPRENEURSHIP DEVELOPMENT AND BUSINESS CONSULTING SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04730540
IRS990/NetAssetsOrFundBalancesEOYAmt04394101
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1298782
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1298782
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04730540
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04394101
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt041500
IRS990/OccupancyGrp/ProgramServicesAmt041500
IRS990/OccupancyGrp/TotalAmt083000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019043
IRS990/OfficeExpensesGrp/ProgramServicesAmt06769
IRS990/OfficeExpensesGrp/TotalAmt025812
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03000
IRS990/OtherAssetsTotalGrp/EOYAmt03000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011226
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033676
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044902
IRS990/OtherExpensesGrp/Desc0BIG LAUNCH
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2CONSULTING SERVICES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016189
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110181
IRS990/OtherExpensesGrp/ProgramServicesAmt033570
IRS990/OtherExpensesGrp/ProgramServicesAmt116189
IRS990/OtherExpensesGrp/ProgramServicesAmt226250
IRS990/OtherExpensesGrp/ProgramServicesAmt310181
IRS990/OtherExpensesGrp/TotalAmt033570
IRS990/OtherExpensesGrp/TotalAmt132378
IRS990/OtherExpensesGrp/TotalAmt226250
IRS990/OtherExpensesGrp/TotalAmt320362
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/BusinessCd1541900
IRS990/OtherRevenueMiscGrp/Desc0BIG LAUNCH CHALLENGE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07053
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1451
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07053
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1451
IRS990/OtherRevenueTotalAmt07504
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt081976
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0245929
IRS990/OtherSalariesAndWagesGrp/TotalAmt0327905
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0202205
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0339041
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06884
IRS990/PayrollTaxesGrp/ProgramServicesAmt020652
IRS990/PayrollTaxesGrp/TotalAmt027536
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02212
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06635
IRS990/PensionPlanContributionsGrp/TotalAmt08847
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0EVA DOSS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01295476
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0119605
IRS990/PYOtherExpensesAmt0334373
IRS990/PYOtherRevenueAmt08405
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0506892
IRS990/PYSalariesCompEmpBnftPaidAmt0582221
IRS990/PYTotalExpensesAmt0916594
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01423486
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-336439
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01743082
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01295475
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01901000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01885000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01250000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08074557
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03875
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt08078432
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01743082
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01295475
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01901000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01888000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01250875
IRS990ScheduleA/Total509Grp/TotalAmt08078432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01743082
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01295475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01901000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01888000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01250875
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08078432
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0922185
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019957
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070186
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt090143
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-1298782
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03118492
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LAUNCH PLACE FUND PORTFOLIO INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-1298782
IRS990ScheduleD/RevenueSubtotalAmt01884528
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF WORTHLESS INVESTMENTS -1,298,782.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019957
IRS990ScheduleD/TotalBookValueSecuritiesAmt03118492
IRS990ScheduleD/TotalExpensesPerForm990Amt0922185
IRS990ScheduleD/TotalRevenuePerForm990Amt0585746
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01884528
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0922185
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0173891
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0EVA DOSS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0173891
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS REVIEW AND COMMENT ON THE FORM 990 BEFORE A FINAL VERSION IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY PENALTIES FOR VIOLATION OF THE POLICY MAY INCLUDE, BUT ARE NOT LIMITED TO, REPRIMAND, SUSPENSION AND/OR TERMINATION OF EMPLOYMENT OF OTHER RELATIONSHIP BETWEEN THE REPRESENTATIVE AND THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT/CEO'S COMPENSATION WAS COMPARED WITH SIMILAR ENTITIES AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BY-LAWS, CODE OF ETHICS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1SOUTHSIDE BUSINESS TECHNOLOGY CENTER INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0THE LAUNCH PLACE SEED FUND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1PRE-SEED INVESTMENTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0202917301
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROVIDE CONCEPT AND SEED-STAGE FUNDING TO EMERGING COMPANIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1PROVIDE CONCEPT AND PRE SEED-STAGE FUNDING TO EMERGING COMPANIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0527 BRIDGE STREET SUITE 200
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1527 BRIDGE STREET SUITE 200
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0DANVILLE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1DANVILLE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd024541
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd124541
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,471,056
Liabilities
$76,955
Net assets
$4,394,101
Revenue
$585,746
Expenses
$922,185
Net income
-$336,439
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.54$0.00$9.54$2.55$0.93$1.61
2023Detailed filing. Detailed filing data is available for this year.$7.93$0.00$7.93$2.57$0.96$1.60
2022Detailed filing. Detailed filing data is available for this year.$6.45$0.13$6.31$1.75$1.05$0.70
2021Detailed filing. Detailed filing data is available for this year.$5.62$0.00$5.62$2.22$0.93$1.29
2020Detailed filing. Detailed filing data is available for this year.$4.47$0.08$4.39$0.59$0.92$0.34
2019Detailed filing. Detailed filing data is available for this year.$4.74$0.01$4.73$1.42$0.92$0.51
2018Detailed filing. Detailed filing data is available for this year.$4.23$0.00$4.22$2.12$1.08$1.04
2017Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$1.97$1.07$0.90
2016Detailed filing. Detailed filing data is available for this year.$2.30$0.01$2.29$1.31$1.02$0.29
2015Detailed filing. Detailed filing data is available for this year.$2.01$0.02$1.99$1.92$1.11$0.81
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.02$1.15$1.43$0.89$0.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.02$0.47$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.40
2011Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.40$0.45$0.05